Alright, I won’t say the You Can’t Make This Shit Up file exploded again. We won’t talk about that. We’ll just focus on the fact that Truth Social continues to tank, but never fear, World Liberty Financial is here. Whut? Oh, yes. Is this the first time you’re hearing about this? Evidently at 1:00 p.m. or so PDT today, Donald Trump made the announcement that he’s entering the world of crypto banking. Isn’t that intriguing? Why, one would think that with the election only 54 days away that possibly winning the presidency might be his sole and narrow focus, but no. Donald is looking to launch a new business. And he will do it this Monday on Twitter Spaces — assuming the software doesn’t crash like it did the last time he and Elon Musk did one of these deals.

I have to hand it to these folks, I didn’t see this coming. At least not now. Silly me, I thought that Donald would:

  1. Put all his focus on winning the election because that’s his Get Out Of Jail Free card;
  2. Secondly, worry about how he’s going to handle the November 26 sentencing, which will happen one way or another. (Although arguably, if Justice Merchan sentences Trump to prison and Trump has won the election, Merchan will find himself carted off to Guantanamo;)
  3. Thirdly, concern himself with the three criminal trials that he has upcoming.

But no, the most important thing on Trump’s bingo card is World Liberty Financial, whudda thot? And Uday and Qusay are helping him with this, ain’t it grand? The family that preys together stays together.

We don’t do conspiracy theory here but we do speculate. Trump Media & Technology Group was originally conceived to be a combination of Twitter and Amazon. No, they weren’t going to deliver boxes but they were going to be the premiere social media network on the planet and then they were going to produce original programming, such as Amazon Studios does. Oh, and who knows? Maybe Donald Trump would have bought the Washington Post from Jeff Bezos at some point. Why not? That would have been intriguing.

Unfortunately, TMTG never made any real money. So there goes that pipe dream. Friday is September 20th, the first day when according to SEC law, Trump can cash out his shares and do not be surprised when and if you see that very thing.

Ergo, why not announce the next big Trumpian business venture on Monday when Truth Social goes sayonara on Wednesday? And maybe it won’t. Maybe Truth Social will hold up until after the election, at least. I truly do not know. At this point, it could go either way. Parse through this: Trump doesn’t want to wait forever for the $DJT stock to crash further, so the sooner he moves, with his 48% shareholder portion, the more money he can walk away with.

Also, Putey and other political figures that Trump has a bromance with, or at least a crush on, like Kim Jong-Un, Viktor Orban, maybe even Benjamin Netanyahu, can funnel some money to Trump via his newest enterprise, “without fingerprints” as it’s been put.

Vladimir Putin is the richest man in the world. He may have assured Donald that that’s a title they both could share. Again, not saying that’s the case, speculating that it might be. And look at it this way: Trump launching this venture now kills several birds with one stone:

  1. Gives him a way to make more money pre-election;
  2. Gives him a way to generate money post election, when Truth Social bites the dust;
  3. Possibly sets himself up for a 2028 run — if the GOP is that stupid and that suicidal. We don’t know about that yet. We’re going to find out.

But thinking in grandiose terms, as Trump always does, his media slash production company is going under and banking is a field he hasn’t failed in yet, so it makes perfect sense that it would be the next one he would enter. And banking is everything. Banking touches all areas of life. If, for instance, World Liberty Financial became a major player, say if all the MAGAs moved their checking and savings accounts there, just as a for instance, then he could capitalize himself pretty handily and pretty fast.

Put it this way, if just every person that cast a ballot for Trump in 2020 would deposit one dollar, that’s $73M right out of the gate. And then if they moved their personal accounts to WLF, well, WLF could become a major player virtually overnight.

This could be Donald Trump’s latest get rich quick pipedream. It certainly follows the pattern of all the rest of his failed enterprises. And it would not surprise me one iota if Trump hooked up a voting/depositing ad promotion in the next week or so. Seriously. Just keep your eyes open and see what happens. The You Can’t Make This Shit Up File is far from done exploding.

Help keep the site running, consider supporting.

Support the site with a subscription today and see no more ads!

Go Ad-free Now!

RELATED ARTICLESMORE FROM AUTHOR

5 COMMENTS

  2. Fleece them all out of their last dollar donny. Maybe you’ll be able to pay all those judgements and attorney fees. After all there are more lawsuits in your future would be my guess.

    8

  3. tmtg actually made several billion, all of the ipo money. no idea what Trump’s stake in that is but it must have been something. his stake in djt is a little over 60%. as for anyone propping up djt they’re doing a pretty lousy job of it.

    crypto isn’t an actual physical thing it’s bytes. it’s comprised of unique block chains. since all the easy ones were found long ago it now takes a hell of a lot of computing power to find new ones. these operations often have their own dedicated power plants to run the computers. in some cases, for instance in west Virginia, they are subsidized by the state. it’s a massive scam but that’s another story. at any rate, unless Trump has found a state that will subsidize him, and the people with the technical know how to do the actual work then this is yet another Trump business doomed to failure. or, someone is taking him for a ride. if it’s being pushed by Jr and Eric that would sound about right. if he’s trying to start an actual bank then just no. that would require too many people who actually know what they are doing and who expect to be well compensated, even the ones at the bottom of the totem pole. you would have to be truly bone dead stupid to get on that bus.

    12

  4. sorry but just a little more. as far as Trump doing this now is concerned I have a theory. between tmtg, djt his campaign and, pac and the rnc an extraordinary amount of money seems to have disappeared in Trump’s vicinity the past several months. he will almost certainly lose the election and I think any hope he has of his cult staging coup is going to fizzle. he may have a plan b which is on November 7th or 8th hop on his jet and head for some place with no extradition treaty and with hundreds of millions, maybe billions waiting for him in offshore accounts. I’m betting Russia won’t be an option. putin has no use for him if he’s not president. Kim sees him as a joke but might find him amusing. maybe Hungary.

    12

    • Nope, not Hungary. The US has an extradition treaty with Hungary. Granted, having an extradition treaty doesn’t guarantee that the foreign country will actually extradite a person (a number of countries the US has treaties with–Switzerland, Ecuador, Egypt, just to name a few–have refused to extradite but usually the crime the US has charged the person with has to provide some conflict with the foreign government).
      The bigger issue for Trump is that very few “desirable” countries have no extradition treaty. Aside from Russia, most of the countries with no extradition treaty with the US are countries that Trump has insulted (some in seriously horrific fashion) or that Trump has demonized politically. You’re looking at a list that includes China, Iran, most African states, Indonesia, Saudi Arabia, the UAE, Kuwait, Qatar, Oman, Yemen, the Central Asian “-stan” countries, Mongolia and North Korea. Trump *MIGHT* be willing to settle for Saudi Arabia or the UAE since he’s not really religious (hell, the man would convert to Islam if he could find a way of making money from it) and the heat in those countries is REAL heat (none of that pesky South Florida humidity to deal with).

      2

LEAVE A REPLY

Please enter your comment!
Please enter your name here

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here