5 • 1.3K Ratings
🗓️ 13 May 2025
⏱️ 14 minutes
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America's grifter in chief Donald Trump is making himself richer by the day.
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0:00.0 | Donald Trump has turned the presidency of the United States into a get-rich-quick scheme. |
0:10.8 | We know he is a celebrated grifter and con artist. |
0:14.5 | Now he is using the office of the presidency to do that. |
0:18.5 | And I'm going to be honest with you, I wasn't as familiar with the word kleptocracy until this administration. |
0:24.4 | So Scott Galloway, he tells us exactly what that means. |
0:28.6 | Fascinated, Scott, that according to CNBC, while 58 crypto wallets have made over $10 million each on President Trump's mean coin. |
0:39.0 | That's the fight, fight, fight coin. |
0:42.4 | Over three quarters of a million wallets have lost money on it. |
0:47.0 | That's incredible to me. |
0:48.5 | Like 58 people who, I guess, somehow were in the know, made money, or many of them may have been in the know, |
0:56.5 | and the vast majority of people who are buying small amounts, supporters of the president, |
1:02.2 | I'm guessing, lost money. |
1:04.3 | But that's the definition of a kleptocracy, is that a small number of people with |
1:07.8 | proximity to power make an exceptional amount of money, but the larger public loses a lot of money. It extends beyond that. On April, I believe it was |
1:16.6 | the 9th, at 1 PM, there was abnormal trading volume and calls. People betting the stock market |
1:22.6 | was going to go up. And then at 118, Trump announced he was pausing tariffs. And the market screamed to one of its largest gains in history. |
1:30.5 | So somebody knew at 1 p.m. what he was about to do. |
1:33.9 | This is arguably the biggest gift in modern history. |
1:37.9 | Think about it. |
1:38.9 | The Trump family has gained a billion dollars in wealth per month |
1:43.4 | over the last three months. And the world is |
1:48.0 | getting or the US is getting more expensive for everybody else. |
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