The evidence that Donald Trump has been a flamingly malignant narcissist for most of his life is impossible for any honest observer to refute. It has been a constant component of his personality disorders since childhood, an emotional state that he still inhabits despite his 78 years.
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Throughout his life, no one has been more adulatory of Trump than Trump. He exalts himself at every opportunity as the smartest, handsomest, most beloved figure in history, whose successes have surpassed all others at, in his words, “a level never seen before.” He is functionally incapable of acknowledging even the slightest imperfection or mistake or diversion from virtual of divinity. Never mind that he is a fountain of fantastical foolishness that would justify his immediate institutionalization.
SEE THIS: WHO’S DERANGED? Trump on Biden Clones, Transgender Mice, Autopens, and His Own Mental Anguish
Trump provided another example of how worshipfully he regards himself in a comment that he posted to his failing Twitter ripoff, Truth Social, on Friday morning. The comment consisted of a link to an article published by the ultra-MAGA, unabashedly pro-Trump website, Newsmax, with the title “Trump Meme Coin Is ‘Tracker’ of President’s Success.” The article gushes that “Almost everyone is talking about the rise of crypto and meme coins, with special focus on the big game-changer: the Trump meme coin.”
https://bsky.app/profile/newscorpse.bsky.social/post/3lqxi4u3nvs2w
There only thing wrong with the article is, well, everything. Trump’s meme coin is hardly a game-changer. While it has generated a significant horde of untraceable cash for Trump, who paid nothing for his shares, it has been an abysmal loser for nearly everyone else who was foolish enough to invest in it. In a conspicuous display of corruption, the coin opened for trading the day before his inauguration and quickly rose to about $74.00. It just as quickly collapsed to about $40.00.
Since Trump’s inauguration day his coin has headed straight down, losing another 75% of its value to land at it’s current price of about $9.80. Which means that anyone who bought into it lost huge sums of money. Not to worry though. It is likely that most of the big investors where not looking for profits in the first place. They were just using the coin as a vehicle to funnel money to Trump for favors, otherwise known as bribery.
Given the fiscal failure of Trump’s meme coin, for him and Newsmax to celebrate it as being a “Tracker” of Trump’s success is laughably ludicrous. Unless, that is, their point is to promote it as tracking how awful he is doing. In which case it’s spot on. However, their characterization of it representing some sort of financial bonanza is misleading in the extreme. And it is possibly a fraudulent attempt to persuade other gullible rubes to sink more money into this digital deadweight.
NOTE: Newsmax itself is something of an investment disaster. It began trading this year, reaching a high of $233.00. Two months later, it is now trading at about $16.00.
Trump’s meme coin is another corrupt enterprise by the same con artist who brought you the Trump Media and Technology Group (TMTG), the parent corporation of Truth Social. That venture has also lost fortunes for most of those that Trump suckered into it. Just since inauguration day it has lost about 50%.
Are you seeing the pattern here? The guy who bankrupted four casinos, was found liable for operating a phony charity, was ordered to pay $25 million in restitution to defrauded students of his bogus university, and who peddles cheesy, Chinese manufactured merchandise ranging from sneakers to bibles, is selling fiscal snake oil that enriches him and impoverishes the dupes who fall for his deceitful pitch.
Trump’s cult followers would be wise to heed the inadvertent message in the Newsmax article to which Trump linked. His meme coin is indeed a tracker of his success. And it is tracking a downward path into the Grand Canyon of corrupt investments. Buyer beware.
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