TRUMP'S MAJOR ANNOUNCEMENT IS TRADING CARDS
- Thread starter Bourbon
- Start date
[h=1]Trump's Trading Card Grift is Worse than You Think[/h]
Of course it is. Isn't it always? This is the Master Grifter we're talking about.
When Trump posted his “big announcement” that he was selling his own NFT trading cards, the whole world burst out laughing. Members of the MAGA cult had thought he was going to declare his candidacy for Speaker of the House or maybe reveal the identity of his Vice-Presidential selection in his third run for the White House. QAnon cultists felt sure he was going to identify members of the Deep State, or the arrest and execution of Democrats, or that the military had installed him as President.
Nope. Trading cards.
Funny, yes. But it is far, far worse than you think. And to understand why, we have to begin tracing the web of corporations involved in producing these worthless digital cards. They lead to some sleazy places, including some that make clear Trump is making sure no one can seize his money without piercing bank secrecy laws overseas.
Trump himself is not producing the cards, any more than he has developed any real estate projects since 2010. Instead, he has reached a licensing agreement with a company called NFT International LLC. All his licensing agreements, dating back decades (Real estate, Trump Steaks, Trump University etc.) have all had the same terms: The licensor pays Trump a bunch of cash up front, then he gets a share of the revenue produced by whatever the grifty product is. That number has ranged from 10% to 50%, and there is no reason to expect that this time it is any less - in fact, it is almost certainly more.
So, let’s begin delving into the shady world of NFT International....
https://threats.substack.com/p/trum...is-worse?utm_source=substack&utm_medium=email
Of course it is. Isn't it always? This is the Master Grifter we're talking about.
When Trump posted his “big announcement” that he was selling his own NFT trading cards, the whole world burst out laughing. Members of the MAGA cult had thought he was going to declare his candidacy for Speaker of the House or maybe reveal the identity of his Vice-Presidential selection in his third run for the White House. QAnon cultists felt sure he was going to identify members of the Deep State, or the arrest and execution of Democrats, or that the military had installed him as President.
Nope. Trading cards.
Funny, yes. But it is far, far worse than you think. And to understand why, we have to begin tracing the web of corporations involved in producing these worthless digital cards. They lead to some sleazy places, including some that make clear Trump is making sure no one can seize his money without piercing bank secrecy laws overseas.
Trump himself is not producing the cards, any more than he has developed any real estate projects since 2010. Instead, he has reached a licensing agreement with a company called NFT International LLC. All his licensing agreements, dating back decades (Real estate, Trump Steaks, Trump University etc.) have all had the same terms: The licensor pays Trump a bunch of cash up front, then he gets a share of the revenue produced by whatever the grifty product is. That number has ranged from 10% to 50%, and there is no reason to expect that this time it is any less - in fact, it is almost certainly more.
So, let’s begin delving into the shady world of NFT International....
https://threats.substack.com/p/trum...is-worse?utm_source=substack&utm_medium=email
This is light-years beyond Clint Eastwood and The Chair . . . .
It's so far beyond "embarrassing" that I don't even think there's word in English for it. It's also screamingly funny, which makes work in the neologism shop that much tougher.
It's like Frank Frazetta Socialist Realism but hooked to a sub-middle school grift targeting monkeys on mescaline.
Who in blue fuck thought this was a good idea?
It's so far beyond "embarrassing" that I don't even think there's word in English for it. It's also screamingly funny, which makes work in the neologism shop that much tougher.
It's like Frank Frazetta Socialist Realism but hooked to a sub-middle school grift targeting monkeys on mescaline.
Who in blue fuck thought this was a good idea?