MAGA Supporters Lost Everything on Trump’s Coins and Stock. This Is What Financial Predation Looks Like.
I Got Hate Mail for Saying This. That Tells You Everything.
I talked about corruption and grift on a recent episode. Called it out. Did not care which party it came from. And the blowback I got? Almost entirely from Trump supporters defending the very products that wiped out their own money.
Let that sink in.
This is what financial predation looks like at its most sophisticated. You build a cult of personality so strong that when someone sells that base a garbage financial product, they will defend it even after losing everything. That is not investing. That is exploitation dressed up in a flag.
The Numbers Are Not Political. They Are Just Numbers.
- DJT stock: Down approximately 95%. Built on hype, not revenue. Not fundamentals. Hype.
- Trump meme coin: Down roughly 98%. This was never an asset. It was a wealth extraction mechanism.
- Melania meme coin: Down 99.6%. The promotional website is still live. MelaniaMeme.com. Still up. Still asking for your money.
These are not bad investments. Bad investments sometimes recover. These are financial products specifically engineered to extract money from people whose political loyalty made them unable to critically evaluate what they were buying.
The Tweet-For-Profit Scheme Nobody Called What It Was
Earlier this year there were reports of a service selling advance access to Trump’s tweets before they were published, so subscribers could trade ahead of them. I am going to use the correct term for that: insider trading.
Wall Street guys lose their licenses and go to prison for far less. But package it as a subscription product with the right branding and suddenly people are defending it. The financial establishment gets hammered for this stuff constantly, and rightfully so. The standard does not change because you like the politician running the scheme.
Cult Loyalty Is Not a Financial Strategy
I believe in personal responsibility. If you bought a meme coin because your political hero told you to, that is a painful lesson in letting emotion override analysis. We said it was dumb. The math said it was dumb. It was dumb.
But here is the part that makes this worse than your average Wall Street scam:
- Traditional financial fraudsters at least try to hide what they are doing
- These products were sold openly, to the most devoted believers, by the person those believers trusted most
- And when critics like me point it out, the victims defend the people who took their money
That is not an investment gone wrong. That is a psychological operation with financial consequences.
What You Should Actually Do Now
If you are holding any of these positions:
- Stop. Just stop adding money.
- Consult a tax professional about whether your losses can offset gains elsewhere
- Ask yourself what the underlying business actually is, strip away the branding, and value it on that basis alone
- Apply that same standard to every financial product you are ever pitched, regardless of who is doing the pitching
The Wall Street establishment rips people off every single day and I call that out loudly. This is no different. The logo on the scheme does not change what the scheme is.
