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#12 | Posted by snoofy at 2026-06-12 01:26 PM
Because Trump is a transactionalist.
This is not about being "transactional" where you exchange something of value to someone for something of value to you - that's exactly how commerce or barter works.
It is because Trump is a lifelong scammer and grifter, "at the highest level" - and people just keep falling for the "value" of his cultivated "reputation" and business persona as a "winner / not a loser" on all things with his name on them. **
Investing in "Trump/DJT" has been a losing proposition for millions of people for decades, regardless of their wealth or status, so Trumps make it easy for suckers to keep "investing" in/with them through worthless "coins" or stocks minted out of ether, via ICOs or SPACs - it's literally a "Boiler Room" (2000) - en.wikipedia.org(film) ** / "Wolf of Wall Street" - en.wikipedia.org(2013_film) enterprise, Trump style.
One of the crypto scams was sale of Trumps'-Witkoffs' $WLFI coins to Alt5 Sigma (ALTS) miner in August 2025, now a penny stock company rebranded as AI Financial (AIFC):
www.cnbc.com - Trump family got about $500M from crypto venture " but investors saw steep losses - 2026-06-09
Another recent scam is Enhanced Group (NYSE:ENHA) that lost over 70% of its value in its first week of trading ("buy on the rumor/ hype, sell on the news") after SPAC merged with actual company whose 'recognition boosters' and stakeholders include Peter Thiel and Donald Trump Jr. Stock is now down 72% from its high, -61% YTD, even after one-time +58% spike due to publicity around Enhanced Games (aka "Steroid Olympics") in May. Like most of the Trump-adjacent companies, it still has a long way down to go.
www.cnbc.com - Donald Trump Jr.-backed 'Steroid Olympics' are happening on Sunday. Here's what to expect - May 22 2026
** The Art of the Con:
"Look, I didn't get to where I am today by losing my clients' money. Put your confidence in myself and J.T. Marlin... and I'm telling you, we'll never have to ask for it again.
... You call me when the stock doubles, all right?"
The psychology of the scams:
fundooprofessor.wordpress.com - The Boiler Room Lollapalooza
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"Its strange to me, these Lumpers seem to either worship or destest people, and sometimes flip back and forth."
It's passive aggressiveness. They hate them, but they want to be them.
Bottom line, their issue is with a society that doesn't value their merits to the degree these individuals think they should be valued.
Congrats Elon. You deserve this. You've done more for the people of earth than maybe any other person. Ever.