CURRENT EVENTS - May 8-13

A long essay summarizing the assault on rule of law that was the 100 days of Trump’s second term:

THE END OF RULE OF LAW IN AMERICA​

The 47th president seems to wish he were king—and he is willing to destroy what is precious about this country to get what he wants.
By J. Michael Luttig


🎁 —> The End of Rule of Law in America
 

Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency​

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

🎁 —> https://www.nytimes.com/2025/05/13/...e_code=1.HE8.CPI_.8GJJ2hYyuZiR&smid=url-share

“… GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.

But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts.

… In its statement, GD Culture Group, which is traded on the Nasdaq, said it would spend $300 million on a stockpile of Bitcoin and $TRUMP, using proceeds from a stock sale to an unnamed entity in the British Virgin Islands, a popular tax haven. It confirmed that investment plan in a securities filing late Tuesday.

… Investors in foreign countries have rushed to stock up on the $TRUMP coin since it hit the market in January. Some have stated explicitly that they hoped to use their purchases to influence Mr. Trump. …”
 
nycfan said:

Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency​

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

🎁 —> https://www.nytimes.com/2025/05/13/...e_code=1.HE8.CPI_.8GJJ2hYyuZiR&smid=url-share

“… GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.

But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts.

… In its statement, GD Culture Group, which is traded on the Nasdaq, said it would spend $300 million on a stockpile of Bitcoin and $TRUMP, using proceeds from a stock sale to an unnamed entity in the British Virgin Islands, a popular tax haven. It confirmed that investment plan in a securities filing late Tuesday.

… Investors in foreign countries have rushed to stock up on the $TRUMP coin since it hit the market in January. Some have stated explicitly that they hoped to use their purchases to influence Mr. Trump. …”
Click to expand...
“… Last month, Mr. Trump and his business partners announced that the top 220 buyers of the coin would be invited to a dinner with the president at his golf club in Virginia, sparking another round of frantic trading that further enriched the Trump family. An analysis by The New York Times and the crypto forensics firm Nansen found that many of the coin’s buyers were based overseas in countries including Mexico, Singapore and Australia.

Under federal law, foreign investors are barred from donating to a political campaign or a president’s inaugural fund. But Mr. Trump’s crypto ventures have offered a new avenue for these overseas buyers to support him financially.

… In its filing with the S.E.C. on Tuesday, GD Culture Group confirmed its plans to buy $TRUMP — but again omitted any information about the entity that is financing the purchase. …”
 
nycfan said:

Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency​

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

🎁 —> https://www.nytimes.com/2025/05/13/...e_code=1.HE8.CPI_.8GJJ2hYyuZiR&smid=url-share

“… GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.

But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts.

… In its statement, GD Culture Group, which is traded on the Nasdaq, said it would spend $300 million on a stockpile of Bitcoin and $TRUMP, using proceeds from a stock sale to an unnamed entity in the British Virgin Islands, a popular tax haven. It confirmed that investment plan in a securities filing late Tuesday.

… Investors in foreign countries have rushed to stock up on the $TRUMP coin since it hit the market in January. Some have stated explicitly that they hoped to use their purchases to influence Mr. Trump. …”
Click to expand...
Other countries are quickly figuring out that Trump operates like a mob boss, and if you give him or his family large gifts, or you invest in his business interests, then it is ridiculously easy to win his favor and manipulate him. He's likely going to leave the WH far wealthier on a personal level than when he entered it, even while he makes the lives of many other Americans far worse, financially and otherwise.
 
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