Trump's sons are using their father's fame to invest in war drones
So here's the latest entry in the Trump family business model"the revolving door between public power and private profit.
The administration bans new Chinese drones in the United States, creating a sudden gap in the market. The Pentagon begins pushing for rapid adoption of small drones. Billions of dollars about to be spent.
And who just happens to be stepping in to "fill the hole"?
A drone company backed by Donald Trump Jr.
The venture, Power US, is merging with a publicly traded company tied to Trump-backed golf holdings. Investors include Trump-linked investment vehicles and a drone components firm where Trump Jr. is both a shareholder and advisory board member.
So the policy creates the market.
The market creates the opportunity.
And the opportunity lands"again"in the family portfolio.
In other words: government action clears the runway ... and the Trump family's business takes off.
Is this war profiteering? Profiting from war is legal, but if you're the president's sons with insider access to contracts? You be the judge.
Whatever you call it.....it's...
Nice work if you can get it.
https://www.wsj.com/politics/national-security/trump-sons-back-new-drone-company-targeting-pentagon-sales-2f74abca
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