2025-05-12-transcript-01

1WEBVTT2300:00:00.000 --> 00:00:29.8404 This first hundred days of the Trump administration, we'll go down in history, is the greatest rift in the history of our economy in terms of the amount of money stolen and the size of it over the shortest period. Just some data here. Trump affiliated entities have made at least three hundred million dollars in trading fees. The Trump family's net worth has increased by three billion dollars or a billion dollars a month since he took office. Now just some timeline, the Trump coin launched on a Friday night under cover of dark with all the news about the inauguration by three A_M_ on Sunday. It was5600:00:29.840 --> 00:00:59.6407 valued at more than seventy billion and there were a small number of investors who made large investments on a Friday. Maybe they got a tip or something. They made tens if not hundreds of millions and then over the course of the next couple weeks about eight hundred thousand smaller investors lost billions. This market manipulation, this what would technically be called insider trading by the S_C_C_, we'll never know because on April eighth Trump's deputy attorney general ordered the DOJ's crypto fraud investigation arm to disband.8900:00:59.720 --> 00:01:23.44010 Trump posted on Truth Social this is a great time to buy Donald Trump media at nine thirty seven A_M_ Between. one and one ten P_M_ there was a huge increase in bullish zero day uh S_M_P_ five hundred call options and then just eight minutes later Trump announced a ninety day pause on all of his tariffs and the market soared almost ten percent one of the biggest one day gains in history. So someone knew what was going on.111200:01:23.440 --> 00:01:25.20013 Of course they do He. calls them.141500:01:25.200 --> 00:01:55.20016 That's called insider trading. The market gained four trillion dollars while Trump media closed up twenty three percent, increased his net worth by four hundred and fifteen million. On April twenty third, Trump announced that the top holders of the Trump coin would win an exclusive dinner with him, and the coins surge over sixty percent Just. fifty eight wallets made more than ten million a piece, totaling w approximately one point one billion in gains. Meanwhile, eight hundred thousand wallets of mostly smaller holders have lost money on their Trump coin. It it gets worse Now. the the kids went on it, World Liberty171800:01:55.200 --> 00:02:17.14019 of crypto firm run by Trump's sons, Eric and Dont, Junior, and they are entitled to seventy five percent of its revenue. And now it's being leveraged to facilitate pardons for criminals. Justin's son, a crypto-billionaire, was under S_C_C_ investigation for security fraud after investing seventy five million in world liberty financial Guess. what Cara, the S_C_C_ dismissed his case.202100:02:17.200 --> 00:02:47.20022 This is what fucking infuriates I I'm a real politic guy. I don't mind a little bit of corruption as long as it's good for all Americans I. don't mind a little bit of strong arming. But here's the problem, or the tragedy, if Trump brought half the competence, expertise, and elegance to governance as he does to grifting, the country would be in a much better place We. have a mob family running the country That's. the bad news. The worst thing is that Michael Corlone is managing the crime, and Fredo is managing the government You. are232400:02:47.200 --> 00:02:52.88025 so good at stealing. Can you bring some of that elegance, that expertise to the government?2627