$DJT, Truth Social, and bribery
Sep. 5th, 2024 09:17 amMany people, including myself, have been talking about how Truth Social’s stock is a bribery system, existing to launder bribes given to Donald Trump.
($DJT stock hit the a level so low on Wednesday, by the way, that literally no one who has ever bought it in open trading is above water. This doesn’t actually matter for this purpose, and might even make it a little easier for lower-tier multi-billionaires and smaller sovereign wealth funds.)
There are multiple ways to go use $DJT for bribery; we’re going to talk about one that can be fairly public while maintaining a superficial outer layer of legitimacy. It also maintains the illusion of a wall between Trump and those who want to bribe him.
It’s a simple game for three players: Trump (as a larger entity, meaning Trump and his inner circle), a trusted intermediary, and the persons and/or organisation who want something in exchange for a bribe, who we will refer to as Some Fucker.
Some Fucker calls in an intermediary – there are plenty of options, it doesn’t matter specifically who – whose job is to ‘lobby’ Trump for an opportunity to exercise or acquire ‘influence,’ on a superficially-legal level. They may even register as a lobbyist, it doesn’t matter; the intermediary and Mr. Trump’s inner circle negotiate, obliquely, with Mr. Trump himself involved as little as can be managed, but with direct influence on the numbers.
If Trump and Some Fucker’s terms can be reconciled and a deal can be made, Mr. Trump issues a sell order of $DJT stock at a price $X. This price will be clearly outside whatever the current trading range of the stock might be.
For those who don’t know, this is a perfectly normal trading action, something done routinely by anyone who actively trades stocks. It lets you cash out a position when you’ve reached at particular profit, without having to micromanage anything. It raises no red flags.
Once Some Fucker sees the conditional sell order, they then start driving up the stock price through a combination of purchases – some direct, some options – and churn. They maintain that price long enough for Mr. Trump’s sell order to go through, plus a little after that to make it look like a natural rally.
At that point, Mr. Trump has his money, and the bribe has been – indirectly – tendered.
This kind of bribery is useful for both sides, as Some Fucker will end up with some overpriced stock, but overpriced stock which still has value as long as the scam continues, and which may even be worthwhile to hold onto until the next group does the same thing. Depending upon how it goes, Some Fucker may well be able to cash out at minimal overall expense – if not a small profit.
This bribery system creates a sustaining price for $DJT stock independent of its theoretical value (Truth Social), based on its true value (bribery). In turn, this allows Mr. Trump – and those who bribed him already by investing in his farce of a social media network originally – to cash out over time without crashing the trading price. Once he and his first-round-funder bribes are out completely – once he’s sold all his stock – he doesn’t have to care anymore, its only value will be Truth Social, and it can go to zero.
This – like most things Trump does – is a scam. Like many scams, it is explicitly illegal. It is not a stock market hack; it is illegal market manipulation. This is why Mr. Trump has to be president and to have had his way with Project 2025’s personalisation of the bureaucracy. That way, no one will be allowed to investigate it, or even question it.
Preventing this is, obviously, critical – particularly with that broad presidential immunity ruling, which his stacked court will expand as much as is necessary to cover him. If you want that ruling narrowed, you want Harris in office immediately, because wow will they start hacking it back if she’s in charge.
But if he’s in office, the dictatorial sky will be the limit.
Explain this to your family and friends. Truth Social should be at zero; it has absolutely no worth as a social media site, no users to speak of, and not even its own code base. (It runs a somewhat modified and old version of the Mastodon server, under the hood.) It’s without value.
But as a bribery conduit? It can work wonders, and have all kinds of value.
And that’s why it exists.
Let’s drive this thing to zero, folks.
60 days remain.
Posted via Solarbird{y|z|yz}, Collected.