Trump's crypto income and the 250th-anniversary spectacle
A scathing take on Trump cashing in on crypto while regular Americans struggle, framed as bad news for ordinary people and good news for insiders.
- Trump's financial disclosure shows over $580 million in crypto income, plus money from golf courses and Melania's token deals.
- Reuters reports the family's crypto ventures pulled in $2.3 billion while handing investors a similar-sized loss.
- Republicans are planning a first-ever midterm convention in Dallas, signaling fear of losing the midterms, while the Supreme Court weakens campaign finance limits — letting more big money into politics.
- The 250th-anniversary push (Ferris wheel and Indy car race on the National Mall, moon and Mars plans) is cast as a "circus" that mainly benefits billionaires like Elon Musk.
- Many Americans are living paycheck to paycheck, even working 60-hour weeks on food stamps, so "Trump accounts" pushing people into index funds do little when there's no spare cash to invest.
Outlook: Iran talks remain stuck with no high-level meetings, and the political fight heads toward the midterms with Democrats pushing younger faces and an anti-inequality message.