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21 sats \ 81 replies \ @Solomonsatoshi 19 Feb \ parent \ on: Milei's promotion of shitcoins is turning into a real scandal Politics_And_Law
Trump and Melania issued their own shitcoins from which they stand to profit directly after Trumps victory in the elections.
Milei simply shared the news of a new shitcoin (one that appeared intended to promote Argentine enterprise) and one he does not profit from directly.
Milei may have been conned but Trump is a con.
One thing I think should be noted and I am no expert on IP law here but it is an interesting thing for someone to issue a memecoin about themselves. Lets be honest Trump, Melania, Barron they are all set up to be memecoins and instead of their likeness and status being used they did it themselves and I mean... its not the stupidest idea you create and drive the narrative then.
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It is a massive abuse of power and position.
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Is it? He was not sworn in yet and why should he let someone else literally scam his supporters? Again his crypto is up over 140% last time I checked from launch and if you bought it during the massive hype well that also capitalism baby
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To use your elected position and role in order to make profit is an abuse of power and position.
You are elected to serve the people not yourself.
The fact that you cannot see this and that there is no outcry in the US shows just how fucked the USA has become.
The rest of the world is watching and feeling a mix of pity and horror at what the most powerful 'democracy' has become- its a corrupt kleptocracy led by a conman with no moral compass.
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Lmao its called picking your battles. We have other much more urgent issues and idk going after people who actually break the law. No laws were broken so why flip out?
The rest of the world is melting down that for once we are finally taking a stand with things and we are getting things done. Europe has had plenty of time in the last 70 years to build up and protect itself and it is wild that they have failed to do so. Their governments collapse like its the new cool thing on the block to do so excuse me if I could not care less about what one population or foreign government says when they cannot even govern within their borders.
Its called priorities and for to long Europe has put their citizens on the back burner.
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You are laughing about the blatant debasement, decline and corruption of your own democracy and the global rules based international order that the USA once led.
The joke is on you.
Trump is doing deals with war criminal Putin and abandoning Europe and all liberal democracies upon which US authority was once built.
Putin is only able to attack Ukraine because he has the support of China and it is buying his gas exports and enabling Russian trade payments via the Chinese shadow banking system outside of SWIFT.
There is and will be a price to pay- this opens up the opportunity for China to advance from its victory in trade to leadership in governance.
Chinas alternative trade payments network now supports N.Korea, Iran and Russia and more are joining BRICS and the Chinese alternative trade payments network which US institutions do not control or have any power over.
Without USD hegemony via SWIFT USA looses USD seigniorage and interest income- USA is then swiftly insolvent.
China can then take Taiwan with little or no resistance.
Europe will fall to China because China has the economic strength while USA will become isolated and even more despotic- keep laughing as you taste the bitter fruits of the corruption of the principles your wealth and power were once built upon.
Agree.
I'm even willing to give Milei the benefit of the doubt on this one, except that it absolutely does not inspire confidence in the man. Why does he take meetings with SOL scammers? Is the person that vouched for them in prison or exiled yet?
He can play the role of the innocent, but bottom line it's a really bad look in terms of competence and a big shit stain on the institute he heads.
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