During Donald Trump’s second term, crypto assets significantly impacted his family’s wealth. The value of the Trump-branded memecoin has decreased by about a quarter since August, while Eric Trump’s investment in a Bitcoin mining venture lost nearly half its peak value. Furthermore, shares of Trump’s social media company, which recently began accumulating Bitcoin, are currently trading near an all-time low. This illustrates the inherent volatility of digital currencies and their impact on the Trump family’s financial holdings.
Read More
During a recent interview, Eric Trump alleged the Biden administration actively sought to dismantle the Trump family, including attempting to orchestrate a divorce between Donald and Melania Trump. He made these claims while defending his father’s actions and criticizing those who opposed the prosecution of James Comey, the former FBI director. In a wide-ranging rant, Eric Trump accused the government of various offenses, such as pursuing false investigations, weaponizing legal authorities, and even raiding the family’s residences and seizing assets. These statements come after reports of public disagreements between Donald and Melania Trump, adding fuel to speculation about their relationship.
Read More
Eric Trump has suggested he or another member of the Trump family could pursue the presidency after Donald Trump’s potential second term. He implied that the political path would be accessible to him or other family members, while also acknowledging the personal toll the political arena takes. Despite staying mostly away from politics, Eric expressed dissatisfaction with many politicians and confidence in his own abilities. When questioned about potential financial benefits from the presidency, Eric denied them, citing significant costs to the family.
Read More
The Trump Organization is launching “Trump Mobile,” a new smartphone, this September for $499. Eric Trump positions the phone as a means to combat perceived unfair targeting of conservatives, following the model of Truth Social and Trump-affiliated cryptocurrency ventures. The phone promises enhanced features, lower costs, and US-based customer service, though significant skepticism surrounds its feasibility given the ambitious timeline and lack of concrete details. Despite doubts, the phone’s association with the Trump brand is expected to drive significant sales among loyal supporters.
Read More
Eric Trump, appearing on Fox News, threatened Mexico, Canada, and China with tariffs to combat drug trafficking, conflating tariffs with sanctions. His statements echoed his father’s vow to impose significant tariffs on these countries, with Donald Trump specifically mentioning a 10 percent increase on Chinese goods. This action, while framed as targeting foreign economies, is likely to increase costs for American consumers due to hiked prices on imported goods. Economists have widely cautioned against this approach, highlighting the negative impact on American consumers.
Read More
John Q. Hosedrinker