Trump II launched the official TRUMP memecoin while announcing his World Liberty Financial would acquire Tron tokens for its treasury.
While Trump's memecoin "created billions from thin air" (Bloomberg), OXFAM prepared for the release its new report on global inequality. It will unveil their findings at the World Economic Forum annual meeting in Davos, Switzerland. For the first time in decades, many legendary private equity founders will not be in attendance. Their attention is called to Mar-a-Lago and Trump's coronation events in Washington, D.C.
The PEU boys want access to your retirement account, in addition to holding on to their preferred taxation and government business they and their affiliates have enjoyed for decades
If BlackRock's PEU push failed, I'm not sure what chance the average retirement saver has of making huge returns off private equity. It would be a sad day if workers used those 401(k) accounts for risky wagers.
At the World Economic Forum OXFAM will release its annual inequality report:
The Davos men, a mix of corporate jet flying executive titans and government officials, targeted reducing inequality over a decade ago. It has done nothing but increase, i.e. gotten worse while WEF attendees did better and better and better.
“I’m glad there’s OxyContin and video games to keep those people quiet.”
Add porn, gambling, crypto and what do you get?
Jim Chanos declared these “next 4 years” will be “the golden age of fraud” and "that fraud just got shinier."Cryptopolitan reported that Trump sold $500 million of TRUMP memecoin but retains 85% of the float.
Trump’s son, Eric Trump, said, “I am extremely proud of what we continue to accomplish in crypto. TRUMP is currently the hottest digital meme on earth and I truly believe that World Liberty Financial will revolutionize DeFi/CeFi and will be the future of finance. We are just getting started!”Extremely proud of his Dad's blatant conflicts of interest....
How much will Trump II's net worth grow during his second Presidency? How much of that will arise from thin air?
Thin skin & hot air, that's our Digital Caligula. Coronation awaits! The irony is it will occur on the Rev. Dr. Martin Luther King, Jr. holiday. King fought for the American dream for his people, the poor and the oppressed.
The World Economic Forum failed to address its highest priority, income inequality. Trump II should make inequality much worse. In four years will there even be an MLK Day?
Update: Just after I posted the above, I learned there is a Melania memecoin.
Melania memes are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. memes.melaniatrump.com is not political and has nothing to do with any political campaign or any political office or governmental agency.Cointelegraph reported:
President-Elect Donald Trump’s controversial memecoin fell 28% as the incoming first lady Melania Trump launched a memecoin of her own, notching a $4 billion market cap within the first half hour of launch.
The shilling never ends....
Update 1-20-25: More than PEU legends are staying away from Davos this year, government leaders are also taking a pass. Reuters update noted the same.
While a man whose petulant behavior most parents would be embarrassed to claim is sworn into the White House, one can focus on the life and legacy of Rev. Martin Luther King, Jr. The American flag remains at half mast for former President Jimmy Carter, a faithful Southern Baptist and decent human being. A few government capital building have Old Glory at full attention for the coronation, in homage to Trump's savage whimsy.
