dirtywick
Penultimate Amazing
- Joined
- Sep 12, 2006
- Messages
- 10,096
i believe there's a developing story here about the trump admin and their efforts to set up a massive crypto scheme that will defraud the taxpayers of hundreds of billions of dollars, to their and their associates direct benefit, and to the benefit of people with large crypto holdings. although, due to it's deregulated and decentralized nature that is part of it's appeal, it's anyone's guess how much cash is actually available to steal on the crypto market.
how i believe it will work is, one, trump and co already have significant holdings in the crypto space. the trump family directly has been involved in it for years, with his kids constantly tweeting about crypto projects, meme coins, apps, nft projects, other projects, his own meme coin, world liberty financial, and you could even look at the melania coin and scammer hayden davis and the links to the argentinian rug pull as some examples of their history in the space and likely them just getting their feet wet before going all in. and i think they're all in on crypto, it's easy money to scam.
some of the major players are the trump family themselves, obviously elon musk who has had his own crypto shenanigans well documented, but others like howard lutnick as secretary of commerce, with ties to crypto and specifically tether, and johnathon gould as comptroller of currency, and chairman of commodity futures brian quintez.
next, they deregulate. get rid of capital gains on crypto. ease regulations and drop existing lawsuits and investigations. change enforcement policy and directives.
at the same time, they're opening stakes in exchanges and crypto finance, through purchasing crypto exchanges and opening their own crypto based financial services, where they take deposits and lend money but aren't a bank.
while they're working on that, state legislatures and federal start pushing bills to entwine the taxpayer into this through strategic reserves, while trying to convince you this is somehow going to benefit the tax payer or somehow appreciate in value to pay off the debt.
my working theory is that once that's all in place, they funnel the worthless crypto through his exchanges for cash, paying no taxes on it, and leaving the taxpayers and retail buyers they already regularly rip off with the crypto while they take the cash. and since it's through his exchanges, he'll be taking 3-5% off of every theft.
anyway, anyone with any links or things to add as either evidence or refutation of the above, i'd be interested in getting them into one thread. there's potential here for fraud on a scale more massive than anything that's ever been seen before imo.
how i believe it will work is, one, trump and co already have significant holdings in the crypto space. the trump family directly has been involved in it for years, with his kids constantly tweeting about crypto projects, meme coins, apps, nft projects, other projects, his own meme coin, world liberty financial, and you could even look at the melania coin and scammer hayden davis and the links to the argentinian rug pull as some examples of their history in the space and likely them just getting their feet wet before going all in. and i think they're all in on crypto, it's easy money to scam.
some of the major players are the trump family themselves, obviously elon musk who has had his own crypto shenanigans well documented, but others like howard lutnick as secretary of commerce, with ties to crypto and specifically tether, and johnathon gould as comptroller of currency, and chairman of commodity futures brian quintez.
next, they deregulate. get rid of capital gains on crypto. ease regulations and drop existing lawsuits and investigations. change enforcement policy and directives.
at the same time, they're opening stakes in exchanges and crypto finance, through purchasing crypto exchanges and opening their own crypto based financial services, where they take deposits and lend money but aren't a bank.
while they're working on that, state legislatures and federal start pushing bills to entwine the taxpayer into this through strategic reserves, while trying to convince you this is somehow going to benefit the tax payer or somehow appreciate in value to pay off the debt.
my working theory is that once that's all in place, they funnel the worthless crypto through his exchanges for cash, paying no taxes on it, and leaving the taxpayers and retail buyers they already regularly rip off with the crypto while they take the cash. and since it's through his exchanges, he'll be taking 3-5% off of every theft.
anyway, anyone with any links or things to add as either evidence or refutation of the above, i'd be interested in getting them into one thread. there's potential here for fraud on a scale more massive than anything that's ever been seen before imo.
