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Trump's New Crypto Currency is now Worth 5 Billion

Richard T

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A couple of things to contemplate.

Ideally public service is approached with a single-mindedness to work as a servant for the best interests of the government. More modern times we have seen this erode with many public servants promoting themselves and their own pockets. I could highlight various leaders of the past but as Trump takes over again, lets examine some of his most important business ventures. In the past he has had many smaller enterprises such as Trump University, and selling MAGA gear. This has now graduated to billions in Trump's social media and now crypto currency. So I will now ask: Should such business ventures while being President undermine the confidence that we have for Trump's service to America?

Moving beyond Trump, an even bigger question is whether there is an excessive amount of the love of money in the USA that the hammer is likely to fall? This does not discount the the excellent Trump policies like great support for Israel and judges that are more restrictive on abortion. However, if one looks closely at the love of money, the concentration of wealth, the high valuations of the stock market, one might conclude (as some have) that the USA is heading toward a dark time that has many similarities to 1929. That some in the church too are highly "prosperity" oriented could also make the church vulnerable to correction.

Lastly, there seems to be a strong possibility that Trump and "prosperity" are inexorably linked. However, unlike some who see bright days ahead, it really could be a tough time of judgment in the sort of way that shakes the foundation of contemporary churches and brings a greater dependence on God that has not been seen by many alive today.
 
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Fantine

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Even venture capitalists have called this "predatory."

Should this undermine our confidence? Well, in the previous sentence you mentioned Trump University, which was shut down due to fraud, with Trump paying $25 million dollars to the students bilked and cheated.

So my answer is, "What confidence?"
 
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Richard T

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Even venture capitalists have called this "predatory."

Should this undermine our confidence? Well, in the previous sentence you mentioned Trump University, which was shut down due to fraud, with Trump paying $25 million dollars to the students bilked and cheated.

So my answer is, "What confidence?"
Yes, there are quite a few that never had confidence in Trump. Sorry I overlooked those. Of course obviously there are still many supporters.
Even venture capitalists have called this "predatory."

Should this undermine our confidence? Well, in the previous sentence you mentioned Trump University, which was shut down due to fraud, with Trump paying $25 million dollars to the students bilked and cheated.

So my answer is, "What confidence?"
Yes, many do not have confidence in Trump. I guess I was primarily asking those who support him. At what point do the red flags go up for them?
 
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Fantine

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Payments are virtually untraceable. Foreign countries and lobbyists can court his favor by purchasing his crypto in return for favors.
The untraceability of crypto is one of its greatest dangers. Regularly used for money laundering, it is perfect for bribing politicians whose positions are for sale to the highest bidder.
 
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Richard T

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the coin has since failed miserably due to Melania.
Yes, it is down 27% for yesterday but the market cap is over 8 billion now. Seems to me there is no risk at all for the Trumps in either coin. You launch it, sell it to others as it is going up and leave others that buy later holding the bag. The only question is how many billions do the Trumps walk away with? At least with Truth Social, Trump has said he will not sell any stock. No doubt though he will sell at some point and likely before he leaves for office. The SEC has insider sales reporting data but those reports are filed after the sales take place. It will be interesting to see if Trump signals he is selling, or if he leaves investors in the cold and sells as much as he can before any reports go out.

I suppose Truth Social could make money but it has yet to turn a profit. Trump has other deals in crypto that are making him money too. That Trump changed his stance on crypto in general sure helped him in all sorts of monetary ways.
 
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Stephen3141

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In America, crypto-currency is unregulated.

This means that investing in it, is a VERY RISKY type of betting.

If Trump knew this (and he does), then he is trolling naive investors
who are going to get soaked. Is this what a president, who claims to
be for the people, does?

Rather, this is a game that a billionaire will play, to hide transactions
that are forbidden under the American fair rule of law.
 
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FireDragon76

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In America, crypto-currency is unregulated.

This means that investing in it, is a VERY RISKY type of betting.

If Trump knew this (and he does), then he is trolling naive investors
who are going to get soaked. Is this what a president, who claims to
be for the people, does?

Rather, this is a game that a billionaire will play, to hide transactions
that are forbidden under the American fair rule of law.

Crypto is a big grift whose main beneficiaries are criminal gangs, drug dealers, and scam artists.
 
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