Another day another 1% chopped off the Dollar…
You can see when Congress passed Trump’s “Big Beautiful Bill” yesterday as the Dollar started going off a cliff – though it was the same cliff it went off on Tuesday – when it only LOOKED like the bill might be passed. As I noted in our Webinar on Wednesday, this is not so much a Democracy as a Dictatorship these days and that means a law doesn’t have to make sense or be good for the people to get passed – it just has to be the current whim of the President and then the rest of us have to learn to live with it.
But that’s the rest of US, not the rest of the World. They still get to vote with their feet and abandon US Dollars and US Debt while the US Economy circles the drain and that drain, unfortunately, is NOT attached to “The Swamp”, which seems to be growing and growing – as exemplified yesterday by Trump’s Pay to Play Crypto Dinner – where people competed to buy the most $Trump coins (enriching the President and his Family) in order to have direct access to the US President (who also happens to be Trump).
Could this be the most blatant and shameful act of corruption in US history? I asked Hunter, our Investigative AGI, to weigh in:
🕵 THE $148 MILLION DINNER PARTY FROM HELL
Let’s dissect this grotesque spectacle piece by piece. Trump’s “most EXCLUSIVE INVITATION in the world” wasn’t just corruption—it was corruption with a fucking price list! The top 220 buyers of his meme coin ponied up a collective $148 million for the privilege of dining with the President of the United States. That’s roughly $673,000 per plate for rubbery chicken and the chance to whisper sweet nothings into the ear of American democracy’s gravedigger.
The guest list reads like a rogues’ gallery of international grifters and crypto cowboys. Justin Sun, the Chinese crypto entrepreneur with $18.5 million in Trump tokens, showed up fresh from having his SEC fraud case mysteriously “paused” for “public interest” reasons. What a coincidence! Nothing says “public interest” like a guy who bought his way into the Oval Office’s orbit having his fraud charges dropped.
Nineteen of the top 25 token holders aren’t even Americans—they’re foreign nationals using VPNs and overseas exchanges to funnel money directly into Trump’s pockets while he sits in the highest office in the land. This isn’t just pay-to-play; it’s “Pay-to-Puppet-the-President.” Let’s not forget Brandon was accused of accepting a couple of million Dollars to do a job and MAGA lost their minds, this is straight-up foreign money being handed to the President of the United States…
THE TRUMP ORGANIZATION: A CRIMINAL ENTERPRISE MASQUERADING AS A BUSINESS
Here’s where it gets truly nauseating: Trump’s family controls 80% of the $TRUMP coin supply through their shell companies Fight Fight Fight LLC (a subsidiary of “Where’s the Scar?, Inc.) and CIC Digital LLC. They’ve already raked in over $320 million in trading fees—that’s pure profit from people buying and selling their worthless digital tokens. Every transaction enriches the Trump crime family while they simultaneously set policy that affects cryptocurrency regulation.
The timing is no accident. The dinner announcement alone caused the coin’s value to increase by 23%, instantly making Trump’s holdings $4.6 billion more valuable. It’s market manipulation on steroids, conducted from 1600 Pennsylvania Avenue with the full protection of presidential immunity.
CONGRESS: THE WORLD’S MOST EXPENSIVE RUBBER STAMP
Meanwhile, Congress just passed Trump’s “Big Beautiful Bill“—a multi-trillion-dollar giveaway that raises the SALT deduction cap to $40,000 (conveniently benefiting Trump’s wealthy Mar-a-Lago buddies) while gutting programs for working Americans. The dollar’s 11% collapse since January isn’t just market jitters—it’s the world’s verdict on American fiscal insanity.
Moody’s downgraded U.S. credit quality this week, and who can blame them? When your president is literally selling access to the Oval Office for cryptocurrency while Congress rubber-stamps trillion-dollar tax cuts for the rich, you’re not running a country—you’re operating a kleptocracy with nuclear weapons.
THE SYSTEMATIC DESTRUCTION OF OVERSIGHT
But Trump’s not content with just being corrupt—he’s systematically dismantling every institution designed to catch corruption. On January 25th, he fired 17 Inspectors General in a late-night purge. The Office of Special Counsel? Gone. The FBI’s public corruption unit that helped investigate him? Disbanded. The Foreign Influence Task Force? Eliminated.
It’s not enough for Trump to steal—he has to blind the watchdogs first. As Senator Chris Murphy put it, this has been “40 instances of mind-blowing corruption in just 40 days.“ And that was back in April. We’re now at 123 days and counting.
THE INTERNATIONAL HUMILIATION
The dollar’s decline isn’t just about economics—it’s about credibility. When foreign investors see the President of the United States hawking meme coins like a carnival barker, they don’t see strength—they see a banana republic with a bigger marketing budget.
Steve Englander from Standard Chartered nailed it: “Investors don’t just see this as an issue related to tariffs. It was an issue related to a much broader set of policies.” Translation: The world has lost faith in American leadership because our “leader” is more interested in enriching himself than governing.
THE BOTTOM LINE
This isn’t just corruption—it’s the complete abandonment of any pretense that the presidency serves the American people rather than Trump’s bank account. When the President of the United States is literally auctioning off access to himself for cryptocurrency while his family rakes in billions, you’re not witnessing politics—you’re watching the final liquidation sale of American democracy.
The dollar’s death spiral isn’t a bug—it’s a feature. Every percentage point it drops represents the world’s growing realization that America is no longer a serious country, just a reality show with nuclear codes.
As Anthony Scaramucci observed: “This is the golden age of corruption in America.” And we’re all paying the price—except for Trump and his crypto-grifting cronies, who are laughing all the way to their offshore banks.
Welcome to Trump’s America: Where democracy dies in broad daylight, and the President charges admission to watch.
And that’s just ONE of the things that happened yesterday as the Trump Administration has now BANNED Harvard from teaching foreign students. This is Academic Ethnic Cleansing disguised as national security theater.
Let’s cut through the bullshit: This isn’t about “antisemitism” or “Chinese Communist Party collaboration.” This is PURE EXTORTION! Trump is holding 6,800 international students hostage to force Harvard into ideological submission. Homeland Security Secretary, Kristi Noem, gave Harvard a 72-hour ultimatum that reads like something from a Stasi playbook:
-
- All records of “illegal activity“ by foreign students over five years
- Documentation of “dangerous or violent activity“ (aka peaceful protests)
- Any evidence of students “depriving others of their rights“ (translation: criticizing Israel)
- All disciplinary records since 2020
- Audio/video of any protests involving international students (again PEACEFUL protests? The kind that are protected by the US Constitution?)
This isn’t law enforcement—it’s McCarthyism 2.0 with a digital surveillance twist. They want Harvard to become an informant, ratting out students who dared to exercise their First Amendment rights in “the Land of the Free“.
Trump’s beef with Harvard isn’t about foreign students, it’s about institutional defiance. Harvard refused to bow down to his demands for “oversight in admissions and hiring processes” and wouldn’t purge their Diversity Programs so now he’s using International Students as human shields in his war against academic freedom.
The timing is no accident. This comes just days after his crypto dinner corruption scandal, when he needed a fresh distraction from questions about selling Presidential access for meme coins. Nothing deflects from financial crimes like good old-fashioned xenophobia, right?
788 Indian students and scholars are now in limbo, along with thousands from China and 140+ other countries. These aren’t “security threats“—they’re the brightest minds in the world who chose America for their education. Now they’re being told to transfer schools or get deported because their University won’t kiss Trump’s ring. These are the World’s future leaders Trump is shitting on – America will reap what he sows!
International students contribute Billions to the U.S. economy and represent 27% of Harvard’s enrollment. They pay full tuition, support local businesses, and often stay to contribute to American innovation. Trump is literally exporting talent to competitors like China, Canada and the UK.
The Harvard ban follows the classic Authoritarian script:
-
- Target elite institutions that represent independent thought
- Use foreign students as scapegoats to stoke xenophobic fears
- Demand loyalty oaths disguised as “compliance“
- Threaten economic destruction for non-compliance
- Expand the crackdown to other universities (which they’re already threatening)
China’s foreign ministry got it right: This will “tarnish” America’s image globally. When you start banning the world’s best students because their university won’t submit to political control, you’re not “Making America Great“—you’re making it a pariah state.
The message to the World is clear: America no longer welcomes the best and brightest unless they attend institutions that bow to Trump’s political demands. We’re witnessing the systematic destruction of American soft power, one university at a time in a country where Education is a privilege that can be revoked for insufficient loyalty to our Dear Leader.
And that is why people don’t want our currency – the same way you don’t want Russian Rubles or North Korean Won or Syrian Pounds – the currency is only worth something if people respect the Institutions behind it and the respect – along with all of our net worth – is fading fast!
Have a great weekend,
— Phil
