It just never stops. Donald Trump, the Grifter-in-Chief, has spent his life peddling scams to anyone who was gullible enough to fall for them. He may have begun with gaudy, overvalued condos, elitist golf club memberships, and now bankrupt casinos, but he quickly expanded into cheesy merchandise like digital trading cards and swatches from the suit that he wore for his mug shot photo.
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Even after Trump’s occupation of the White House, he didn’t slow down his sleazy swindle ops that included pitching products so ludicrous that professional comedians couldn’t keep up with their comparatively mild swings at satire. Trump had the market cornered on comically corrupt commodities. And speaking of commodities, Trump has been dealing in those as well…
SEE THIS: THE TRUMP INDEX: While Trump Tanks the US Economy, What’s Going on With the Trump Cult Economy?
Now the Trump Media and Technology Group (TMTG), the parent company of his failing Twitter ripoff, Truth Social, is officially entering the financial services business. In an announcement on Thursday, TMTG revealed that…
“Trump Media and Technology Group (TMTG) has partnered with two other companies to create investment portfolios that they say will support ‘non-woke’ companies. […] In a press release, TMTG said the SMA strategies it was unveiling were called ‘faith & values,’ ‘liberty & security,’ ‘energy independence’ and ‘made in America.’ It did not expand on which particular companies it would be investing in.”
This should thrill the MAGA cult disciples who have been wondering how they could lose even more money by investing in certified losers that are endorsed by Trump. The focus of the Trump investment portfolios rests on buzzwords plucked from his political rhetoric. And what could possibly have more income potential than “non-woke” enterprises that pursue the anti-democratic goals of the MAGA movement? Just look at Trump’s crypto coin that has lost 90% of its value since its launch two months ago. Or Trump’s TMTG that has lost 88% from its high mark.
MORE HERE: Grifter Trump is Hawking His Stock and Crypto that Have Lost Gullible Rubes Billions of Dollars
While TMTG hasn’t revealed what companies it intends to invest in, it isn’t hard to speculate. It is likely that Tesla will be among them. Also, the Trump-fluffing Newsmax cable network. Notably, the stocks of both of those businesses have cratered since Trump was inaugurated in January.
And not coincidentally, so has the stock market overall, primarily due to Trump’s recessionary economic plans featuring his inflationary tariffs. All the more reason that investors should be careful to avoid Trump’s “pump and dump” tactics that look suspiciously like illegal stock manipulation and insider trading. This may account in part for the extraordinarily large amount of short positions (betting the stock will decline) in TMTG.
UPDATE: Judd Legum of Popular Info has detailed how this venture by TMTG is structured to funnel funds to Trump. He writes that…
“Trump will profit from these accounts in two ways. First, TMTG will invest a portion of its cash reserves in accounts. Secondly, as the majority shareholder in TMTG, Trump will benefit from the fees generated by these accounts. […] But Trump, as President, will also be able to significantly influence the performance of these assets through tariffs and other policies.”
So before anyone actually invests in anything that is promoted by Trump, you may want to take a look at how disastrous his business enterprises have been lately, and how they are really only intended to enrich himself…
Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.
Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.
Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”
Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.
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