Which thing with a Trump name on it did the President hawk this morning? DJT, the ticker symbol for Trump Media & Technology Group. Over the last three months DJT insiders sold 2 stocks for every 1 they bought. The latest insider to sell was Eric Swider, the man who's Digital World Acquistion birthed "DJT" via SPAC.
DJT popped before the big announcement that Pablum (my nickname for Trump) had paused his "reciprocating saw" tariffs for 90 days on all countries but China.
Swider has a new venture alongside Trump Media President Devin Nunes. It's a $180 million Cayman Islands SPAC that intends to roll up crypto and defense firms.
Physical proximity should help Renatus Tactical and International SPAC Management get to an actual public offering, but space can be tight inside even a big P.O. Box.
Who might oversee the deal to ensure U.S. investors are getting proper information about a prospective business deal? Two former DJT shareholders, Pam Bondi and Kashyap Patel, occupy the highest law enforcement positions in the land.
If they haven't finished unloading their conflicts of interest, this Pablum (Trump) induced rally could be their opportunity. The world has seen how Trump II, the digital Caligula can crater things.
Update: Earlier today Trump II ordered the "Just Us" Department to investigate Miles Taylor and Chris Krebs. He used presidential proclamations to enact revenge on two of his former aides. Pam Bondi and Kash Patel would be the instruments of DJT's retribution.
Pablum (Trump) said he thought Miles Taylor "is guilty of treason." Miles disagreed, saying:
“Dissent isn’t unlawful. It certainly isn’t treasonous. America is headed down a dark path. Never has a man so inelegantly proved another man’s point.”
My wise friend wrote about today's market rebound, post Trump "pause":
The market was oversold, the bond market was falling off a cliff, bad things were happening in dark markets, his billionaire donors were falling all over themselves, 75 countries did not call, China said "F you", so he needed a 90 day pause so his constituents could sell the **** out of their long portfolios. All without saying this ain't working. The market didn't understand. I thought the market was all knowing? These people are not serious.
Clearly, we are subject to the savage whims of one man, even as the financial predatory class slathers Trump's toes.
Update 4-10-25: My wise friend wrote:
DJT is the product of no accountability. Unlike other debtors, people with bankrupted ideas usually get stopped for a long time. Credit window closes, takes a long time to rebuild. Drives your future behavior. DJT missed that class. He does fake WELL, i.e. reality show.
In other words, When you get to drive through a wall your whole life and survive each time You think you are invincible. The wall he's driving towards is a DEBT wall. 9 trillion high. That's the one his billionaire comrades are worried about because that affects them. Buybacks, stock options, extend and pretend. Credit. Is there any eject button in this clown car?
They also added:
It's not just that the Trumps are in the crypto biz. They're running crap-coin pump and dumps, receiving eight figure payoffs from the industry's sketchiest players and have an open payment rail for bribery
