Mensch Who Adored Trump in 2016, Savages Him in 2022
A Series On Misinformation, Disinformation and Subterfuge
This was such a savage burn I had to give credit as even my kids who have no interest in politics started laughing hysterically when this popped up on my screen.
Yesterday Donald Trump’s big announcement that he was willing to accept people sending him money for digital assets known as NFTs, he says reflect his real life experiences.
How many of us made 4.356 Million dollars yesterday being laughed at by everyone? That is the net gross made on yesterday’s Trump trading cards sold at $99 per pop, with 44K units sold and 1K retained by shareholders.
Did I just hear a collective jaw drop somewhere?
NFTs when done right soak up a ton of cash in a limited amount of time, especially when a print run can sell out within a couple hours like this one did.
Many friends of mine went into building NFT gaming systems or the tech to mint them after professional Magic the Gathering careers were done. I was privy to much of what was happening in the later stages of one such project via my best friend, so know from an insider point of view the entire process of how this works and why Congress and the EU should have always been regulating it.
Trump is likely getting a 50% cut in the promotion above. That is still his making north of 2 million paid in crypto currency for the first run which isn’t taxable under US tax laws. If Trump converts it to cash, similar to Musk and his legal tax avoiding stock options scheme, only then will taxes be due.
There is more.
These particular NFTs can’t be transferred from one digital wallet to another digital wallet without paying a 10% ransom for the company to move the code.
Kurt’s excellent work rapidly tracing who gets some of the other half of the crypto loot Trump is raking in includes one of the most corrupt Ukrainian officials ever.
Yep, Trump made deals with felons, again.
While this isn’t quite Trump Tower Baku where the money traced to a group Trump designated as a terror group, it’s still bad.
And for giggles, back to Mens who is hitting Trump down essentially to make things easier for the next fascist replacement to get promoted.