Thursday, May 8, 2025

World Waking Up to Trump Grift


CNBC, Bloomberg and CNN have all run pieces on the Trump family's numerous ways of profiting from President Donald Trump's White House priorities.

Recall Boris Epshteyn, the loyal Trump lawyer, longtime advisor and member of the transition team?  He was accused of selling access to persons interested in serving under Trump II, the digital Caligula.  Trump met Boris through son Eric.  

Sorry Boris, selling access to Dad is a son's prerogative (and other sons of key White House members).  It's even the bailiwick of PEU founder Omeed Malik of 1789 Capital, an investor alongside Don Jr. in the Executive Branch (Georgetown Club version).


The Grift and Greed roadshow is headed to Qatar after their recent foray into the United Arab Emirates, where Trump's World Liberty Financial sold $2 billion of its dollar stablecoin for MGX to invest in Binance.  MGX is a joint venture between Mubadala Investment and G42, an Abu Dhabi based AI company.

That UAE AI firm may soon get access to the latest computer chips.  Newsweek reported:

President Trump is said to be considering a shift in U.S. policy that could grant the UAE access to advanced American-made semiconductors, Bloomberg reported last week, with Trump expected use an upcoming visit to the region to begin formal talks on revising the so-called "AI diffusion rule," which currently restricts chip exports to the UAE and dozens of other countries. 

"The president plans to emphasize that the UAE is a natural American ally that's made major investments in the U.S.," one official familiar with the discussions told Bloomberg.

This evening Professor Scott Galloway called the myriad of ways Trump is raking in billions "a kleptocracy."  

Dylan Ratigan and Tom Sosnoff's Truth or Skepticism podcast delved into the Trump family's highly distasteful conflict stew.  

PEU Report has many posts on Trump's various conflicts, which seem to be accelerating at a logarithmic pace.  This is but the latest.

Shovel a bunch of money at Trump and the sons of monarchy and wait for the potential payoff.  Sometimes the answer is an open palm.  More payola please!

One day ethical businesspeople will realize taxes are more predictable than paying for Trump II's "savage whims" to fall in their direction.

The Sons of Monarchy are the new Kids of America.  Stay off their turf, Boris.

Update 5-23-25:  Boris Epshteyn was at the Trump meme-coin top 220 dinner last night.  To date the White House has not released a guest list for the event.  CNN reported on some of the attendees. CBC reported meme-coin buyers spent $148 million for a seat at the Trump dinner table.

the four largest investors also received a limited edition Trump Tourbillon watch that sells for $100,000