Our new Conman-in-Chief is ready to expand his business empire.
When Trump and his appointed minions meet for their first cabinet meeting next year they'll bring corporations and Wall Street with them.
The robber barons from the 1920s are looking up from their perch in hell and are envious.
What kind of assurance do we have that this new administration isn't going to loot the country? None. Just think about it.
As President, Will Donald Trump and His Cabinet Trade Inside Information?
"If Trump gets advance access to the monthly jobs numbers and the quarterly GDP report. Suppose Trump finds out that the job growth in March is far weaker than the markets expected, or that GDP growth for the first quarter of 2017 is surprisingly strong.
These reports would have a huge effect on the stock and bond markets. Trump could make a fortune by making highly leveraged bets just before the government reports are officially released.
Or, if he doesn't want to make the trades himself, he can pass the information along to Vincent Viola, his designee for secretary of the US Army, who became a billionaire running a high-frequency trading company. Apparently, Viola plans to maintain a stake in his high-frequency trading company even after he enters the government."
This is just the beginning of ways in which Donald Trump and his top appointees can personally profit from their positions in government.
We already have heard accounts of foreign diplomats changing their reservations so that they can stay at Donald Trump's new hotel in Washington.
And, it seems likely that foreign leaders will be more generous in considering licensing requests from Trump-owned properties throughout the world.
The era of Trump is upon us. Can the country survive the damage he's going to inflict during the next four years?
Time for me to walk on down the road...
No comments:
Post a Comment