WASHINGTON – Millions, tens of millions of dollars, directly into Donald Trump’s pocket through the crypto coins of his “meme” and want to know what they want?
Or whether his trip to the UAE this week will include a visit to a state support company that plans to use $2 billion in “stable” coins?
Well, that’s a shame. According to the White House, none of that is your business.
It’s truly amazing, and we see the US president in real time using his office openly to enrich himself – the very definition of corruption – the dictators of the third world are, and at least so far, escape it.
“It’s like the government is on sale,” said Norm Eisen, the Obama White House’s top ethics lawyer. “Trump behaves like some sort of corrupt pirate or a medieval power.”
One reason Trump’s blatant profits may not be able to gain traction is a number of progressive concepts, many progressive concepts, such as what politicians did for their age, corruption, and the entire system is corrupt.
They couldn’t have been any more wrong. In this country, corruption of totally cash and publicly published wall humiliation is in fact rare. What many people consider political “corruption” is our system of fundraising campaigns, how people with money can access candidates and elected officials. This is an absolute advantage, especially when it comes to groups that can accept unlimited size contributions but do not need to disclose the donor’s name.
But what Trump is doing is not just about the degree, but also the kind.
Donations to campaigns, super PACs, and non-profit “problems” advocacy groups – all of this will affect who is elected to the office. All that money goes into campaigns. (And put any of that money on personal use is a crime and so that accused and convicted politicians can prove it.)
In contrast, the secret buyers of Trump coins who want to win an audience with him at Virginia Golf Resort have not contributed to any of the campaigns. They contribute to his personal bank account. It’s the same as MGX, the Emirati company.
Except for Trump’s first term, there is zero precedent for this for the US presidency, at least for the last century. For these four years he gathered millions of people from foreign and domestic interest groups, Republican candidates and parties who spent his free time at his hotels and resorts. This included an official delegation from other countries booking the entire block of rooms in his hotel from just five blocks from the White House.
“Trump behaves like some sort of corrupt pirate or a medieval power.”
– Normueisen, the Obama White House’s highest ethics lawyer
After the November victory, Trump will clash with a scheme that doesn’t require the cost to own and operate a hotel or golf resort, potentially bringing him far away. Trump announced the “$Trump” coin three days before re-earning the office. His family’s “World’s Liberty Financial” brokerage announced a “stable” crypto coin in March.
Crypto is barely regulated and thanks to Trump, it is not even scrutinized by the Securities and Exchange Commission, so it is impossible to determine from public records how accurately Trump will make from these companies.
However, it is clear from his actions that Trump cares deeply about the success of these ventures. He repeatedly promoted meme coins (with no intrinsic value) on social media on social media, and last week on May 22nd, a contest that earned the right to talk to him in a small group setting.
HuffPost specifically asked several White House officials detailed questions about Trump’s involvement in his crypto venture. They all refused to respond and instead mentioned a statement from spokesman Carolyn Leavitt at a briefing on Friday.
“It’s frankly ridiculous that everyone in this room is even suggesting that President Trump is doing anything for his own good,” she said. “The President follows all interests disputes laws.”
And that’s an internal joke about all of this. The federal government’s interests dispute law does not apply specifically to the president.
Certainly, even suggesting that what Trump is doing is a “conflict of interest” is the way many journalists and other observers explain it, and they’ve missed the mark very much.
When Jimmy Carter’s Department of Agriculture wrote and enforced regulations on peanut agriculture, it was a potential conflict of interest. What Trump does is a completely different animal.
He specifically uses the fact that he is president to make money. If he was a former president who quietly lives at the Palm Beach Country Club, how much would he be interested in Trump’s “meme” coin? If Trump wasn’t in the White House, what is the possibility of the Emirati business using Trump’s $2 billion “stable” coins?
And that leads to the heart of the problem. Our institution was not designed for such a person.
We selected immoral convicted criminals who had previously attempted self-organisation after losing re-election. He refused a judicial subpoena to hand over documents containing state secrets that he had placed in his residence. He was civilly liable from sexual abuse ju apprentices and ju apprentices with large, ongoing business fraud.
The drafters of the Constitution clearly failed to create the guardrails necessary to keep him out of his profession, as they never imagined that such a person could rise to prominence.
