No Corruption Here: Move On

This could be a comedy routine. However, Karoline Leavitt must be deadly serious when she states

I think it's frankly ridiculous that anyone in this room would even suggest that President Trump is doing anything for his own benefit. he left a life of luxury and a life of running a very successful real estate empire for public service not just once, but twice. And again, the American public re-elected him back to the White House because they trust him to act in the best interests of our country and putting the American people and the public first. This is a President who has actually lost money for being President of the United States.

Karoline Leavitt shot back at a reporter’s “frankly ridiculous” question about President Trump meeting business contacts in the Middle East, reminding the reporter that he “left a life of luxury” for public service. pic.twitter.com/qFsKx9skIR

— Fox News (@FoxNews) May 9, 2025

 

She might be serious but is probably, and wisely, kept ill-informed. CBS News on May 2 reported

President Trump's venture into crypto products has increased his family's wealth by billions in the last six months, according to a new report, as his administration continues to loosen the federal government's regulatory approach to the digital currency industry as a whole.

The group State Democracy Defenders Action estimated in a new report that the president's crypto holdings now represent nearly 40% of his net worth — or approximately $2.9 billion. That increase is due in part to his release of the $TRUMP and $MELANIA meme coins, in addition to a large stake in World Liberty Financial, a crypto exchange affiliated with the Trump family that launched in October 2024. State Democracy Defenders Action identifies itself as non-partisan, but it is overseen by frequent critics of President Trump, with an agenda focused on "the autocratic threat to our nation."

The president's net worth is expected to get another bump, with World Liberty Financial's announcement this week that a Abu Dhabi-backed firm will invest billions of dollars in the Trump family-affiliated crypto fund. The Emirati firm, MGX, will purchase $2 billion in a stablecoin product offered by World Liberty, the company said in a statement to CBS. The currency, called "USD1" will then be used to invest in Binance, one of the world's largest cryptocurrency exchanges.

World Liberty has ties to the president and his sons. The fine print on the company's website says an entity affiliated with Mr. Trump and his family members own a 60% stake in the company.

According to the company's public reports, a Trump family entity also holds 22.5 billion of the $WLF tokens –- and takes an additional 75% in net revenue from future token purchases.

This is on top of the unprecedented corruption of the first term, much of which probably constituted was a violation of the Foreign Emoluments Clause of the Constitution, . A report last year of the House oversight Committee and analysis by Citizens for Responsibility and Ethics in Washington revealed that President Trump "likely benefited form $15.6 million in payments from foreign governments" during that term.

On King Trump's birthday on June 14, the USA Army will stage a celebration, complete with "a spectacular fireworks display, a parade, and a daylong festival on the National Mall."  Including the parade with 6600 soldiers, 150 vehicles, and 50 helicopters, the gala will salute the American military and Donald Trump, cost tens of millions of dollars, and rip up tens of millions of dollars to roads in the District of Columbia and Virginia.

The issue should not be whether Donald Trump does anything for his own benefit. Rather, it should be whether he ever does anything to benefit anyone else or the "disgusting" country he's bent on wrecking. 

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