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Episode Transcript
What is Trump's grift? Thanks for joining the Fortune Factor
podcast where conversations Do Matter.
Speaker 2 (00:06):
The term grift refers to profiting through dishonest or unethical means,
and critics use it to describe how Trump has allegedly
monetized his political influence.
Speaker 1 (00:16):
Key examples include one merchandising blitz.
Speaker 2 (00:21):
Trump and his family have launched and promoted.
Speaker 1 (00:24):
Trump branded bibles God Bless the USA Bible with religious
messaging tied to political branding.
Speaker 2 (00:30):
Trump guitars, despite legal pushback from Gibson.
Speaker 1 (00:35):
Luxury watches, including a one hundred thousand dollars diamond encrusted model.
Speaker 2 (00:39):
Trump coins sold for one hundred dollars despite containing only
thirty dollars worth of silver.
Speaker 1 (00:46):
Two cryptocurrency ventures.
Speaker 2 (00:49):
Trump launched a cryptocurrency token just days before his second inauguration.
Speaker 1 (00:54):
Milania Trump followed with her own coin.
Speaker 2 (00:57):
The Trump DeFi project was announced to promote decentralized finance,
despite Trump previously calling crypto a scam.
Speaker 1 (01:05):
Financial disclosures show Trump holds millions in crypto and NFTs,
including seven point one five million from nft I INT
and five million in other digital assets.
Speaker 2 (01:16):
Three truth social and media holdings.
Speaker 1 (01:19):
Trump owns nearly sixty five percent of truth Social's parent company,
valued at over fifty million dollars, though its market performance
has been volatile.
Speaker 2 (01:29):
Ethical concerns. Legal experts and watchdogs have raised red flags.
Speaker 1 (01:34):
Conflict of interest. Selling financial products while in office could
allow foreign entities to funnel money to Trump without disclosure.
Speaker 2 (01:41):
Profiteering from public office. Critics argue this behavior undermines democratic
norms and accountability
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