201. Trump’s A Crypto Billionaire While Americans Are Getting Poorer
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What does Trump's financial disclosure reveal about his wealth and corruption?
Welcome to the Rest is Politics U.S. with me, Anthony Scaramucci. Katty is away. She's enjoying the Fourth of July up in Maine with her children. But I've got the friend of friends, Kara Swisher. She's coming in live, coming in hot to substitute. And of course, Kara is the host of podcasts On and Pivot. She's also an incredible journalist. And Kara, we've become very good friends. You used to troll me when I was in the White House. I did. But you and I... Have bonded.
Yes. That's because you've changed for the better.
How does Kara Swisher view Trump's lawsuits against the media?
Okay. Well, I appreciate you saying that. I don't really necessarily think I changed as much as I got my ass kicked. And you're right. I've changed. Who's kidding? In a good way.
You're like Scott. You're like Scott. It's like from Wicked, you know, we changed each other. How about that?
You've changed me for the better. All right. So we're going to talk about Trump's crypto billions, what happened there. I've heard you talk about it.
What implications does the Supreme Court's ruling on birthright citizenship have?
I'd like to get your commentary. And then after the break, we're going to talk about birthright citizenship and what I would say is a loss for the conservatives, or at least the Trumpists in the Republican Party. Right. Not necessarily the conservatives, because I think it's an originalist idea when you read the decision. But Let's go to Trump for a second. I mean, the most remarkable thing for me when I looked at the Trump situation, and I'm just going to give you these numbers, 927 pages, Carl. President Barack Obama, 11. President Joe Biden, seven pages of disclosure, 927 pages. So What does it speak to you about what we're allowing for? It's obviously gross violations. You could ask any law professor, any lawyer, gross violations of the Stock Act.
God only knows if he's going to pay any taxes, by the way, on any of that because he has tax immunity now. What does it say to you?
How are Trump's financial dealings perceived in the context of American wealth inequality?
I'm surprised he didn't steal more. You know what I mean? The enormous amount of grift here. And we don't see all of it because there's all these side deals with his sons when they go to other countries before Trump gets there. I don't think we even plumb the depth of this. This is the very best it could be, right? I think probably it's much more. I think it's just one massive, you know, is it a mobster? Is it a con man? Is it... Just basic grift and corruption. What's really interesting is they spent so much time accusing Joe Biden's son of very minor corruption. And I believe that was corruption for sure. It's throughout Washington. There's always a son or a daughter that way back to Billy Beer.
What is the significance of Trump's crypto investments?
And, you know, it goes back and back and back for decades. For centuries, essentially, in our country, at least. But this is sort of institutionalized grift in a way that we haven't seen. And I think when this family came back for the second time, they realized they didn't steal enough the first time. And then they came back for two reasons, to stay out of prison. And to take advantage of the greatest platform in history to do grift in, and they do it in plain sight, which is really kind of amazing. Although I suspect there's all manner of stuff happening under the covers also at the same time.
Yeah, well, we agree on that. I'm sure that the goal is $25 billion. They've told that to people. In my opinion, Karen, this is my opinion, I think he's probably hiding even more money in some of these offshore accounts. I'm sure he's got a funnel system that he's taking advantage of. But I want to talk about the American reaction to this. Trump has said something that really resonates with me. When they put the microphone in front of him, he says, well, everybody's making money.
How do the hosts assess the American public's reaction to Trump's actions?
He's used the word, well, this is just peanuts compared to some of the multi-tech billionaires and so forth. And then the last thing he says, and this is the thing I really want you to respond to, Cara, nobody cares.
Yeah.
Nobody cares.
Right.
I don't believe that to be true, but I see his point. Like nobody among his ilk cares. That's the group. I think average citizens feel like they've been screwed, you know, and we're paying the bill for whatever it happens to be, whether he's building a golf course for taxpayer money or the Kennedy Center or the East Wing.
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Chapters
8 chapters
1
What does Trump's financial disclosure reveal about his wealth and corruption?
0:08–0:41
2
How does Kara Swisher view Trump's lawsuits against the media?
0:41–1:03
3
What implications does the Supreme Court's ruling on birthright citizenship have?
1:03–2:05
4
How are Trump's financial dealings perceived in the context of American wealth inequality?
2:05–2:45
5
What is the significance of Trump's crypto investments?
2:45–3:50
6
How do the hosts assess the American public's reaction to Trump's actions?
3:50–4:48
7
What cultural messages are conveyed through the current political climate?
4:48–5:49
8
How can America learn from the current political landscape to foster change?
5:49–40:59
Speakers
2 identifiedMore from The Rest Is Politics: US
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219. How Putin Just Played Trump... Again
218. Trump’s Wars Have Just Broken the Global Economy
217. The Secret Pentagon Leak That Terrifies Trump
216. The CIA’s Secret Meeting in Moscow - What’s Trump Hiding?
215. Carney Has Taught the West How To Stand Up To Trump