Trump's Revealing Post

 

This morning, Trump made a post to his Truth Social that was almost certainly ill-advised. Probably because he consulted only the legal brain trust of Ego, Superego, and Id, LTD. After his lawyers took pains to try to get a stay of the judgment day for his fraud civil trial settlement by claiming the impossibility of putting up a bond, Trump is now telling everyone he has it in the form of cash. Which is just fine--I am sure no one would like to hear that more than Letitia James. It does make me ask some questions though:

1) Why did thirty companies refuse to give him a bond, including Chubb, the source of his defamation civil trial bond? 

2) If you just have the cash, why have one's lawyers pretend you don't just for a stay?

3) And per the post on Truth Social, since when does he spend his own money on his political campaigns? And how would Engoron know he was planning on this stunning change of heart regarding using his own money for anything, when even his legal fees are being picked up by OPM? 

There's a good chance, if I understand how Trump uses social media by now, that this was a reaction to comments like those from Anthony Scaramucci regarding his Big Bad Brokeness. But here's the thing, it's like this post happens in a separate universe from the one where the Truth Social merger with DWAC is supposed to make him $3 billion richer. It happened, and the IPO goes public in a very weirdly timed way--like if this was a soap opera, we'd be complaining about the writers just pulling this convergence of events together as being contrived.

And yet--it doesn't fix his little red MAGA wagon and send him on his way, does it?

So here we go with the bullet points again:

1) It's money on digital paper and not worth the bytes it's printed with. I would tend to think of the stock as kind of like a Trump NFT. It's a "meme stock"--based on vibes. It's a step above TrumpCoin. (Some people are using the term "meme stock".  That's mad. At least GameStop actually was good for something once. No non-MAGA has an interest in the "product". )

2) He's locked in to not selling shares for six months, and being Trump will try to get the rules bent because...yeah.  See, Trump's promises are those things he breaks in case of emergency, and it's always a Trump emergency. And selling the shares would devalue the stock--I guess?  Because I'm not sure what the value is based on. 

3) So, what about the investment is going to create shareholder value? That's the fun part--it can't. The value is it's based on Trump's social currency which has a definite ceiling and no floor. How would you even collateralize that? 

4) Let's say Trump manages to pull out value and his investors take a bath? Well, that's a "them" problem, isn't it? Unless you are a major investor, for whom the investment was never really in social media at all. Like Jeffery Yass. 

So in the ideal universe, he can't touch or doesn't touch the Golden Nest Egg and probably doesn't really have that cash, or would rather not show that he does, and welp! 

How does that song go? "More pretend money, more real problems"? Something like that. 

Anyway, the above post is to influence MAGA people to think the civil takings are about election interference. And no--it's about interfering in his business' ability to continue to do fraud! And hopefully DOJ is monitoring the DWAC situation because OH NO I THINK HE'S STILL FRAUDING!

I mean, just based on all recent and ancient Trump history. LOL.