this post was submitted on 02 Aug 2024
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Keep in mind that trump’s meme stock is entirely a fraud machine designed to sell presidential power for cash. Watching that thing collapse after trump loses is going to be icing on the cake as this is his monetary lifeline given all of the legal entanglements that aren’t going away after November. Once it’s clear he he has no official power to sell, most of the institutional investors vying for influence will clamor to pull out of this and probably leave a bunch of drooling basement dwelling incels holding the bag. Hopefully this happens before trump’s shares open up and he can do even a modest rug pull. Get the popcorn.
He’s been selling presidential power for cash. The stock is just a way to prey on the loyalists who will buy up shares because of the name and despite the significant losses
He won't have to wait that long, if he wants.
The thing that sucks to deal with, is that he's rich. He's terrible at making financial decisions, and could have been much richer if he had an ounce of actual business acumen in his bones, but the truth is, he will never be poor or broke or destitute.
The system is rigged in the favor of the rich.
He'll make bank off this, sell early, and leave his "supporters' footing the bill. And there will be absolutely zero repercussions for him. I guarantee it.