Daily Hampshire Gazette – Columnist Richard Fein: Corruption in the highest places

The youngest presidents waited until they became private individuals to earn millions of dollars from their presidency. The general principle during the activity in the public office is to even avoid the appearance of inappropriateness. After leaving the office, it is a different story. In Washington it says “good, what is going well”. For example, the Clinton were technically speaking when they left the white house due to the legal expenses of the invoice. Now their net assets are estimated at 120 million US dollars, which are mainly derived from book sales and speeches. The net assets of the Obamas after the presidency are estimated at $ 70 million.

This column is President Donald Trump. He benefits financially from the power and the celebrity status of his presidency while he is still in office. According to CBS News, Donald Trump has increased his family assets by at least two billion dollars in the past six months.

Much of the money that Trump earns is based on cryptocurrency, a digital currency that is produced by private companies outside of state regulation. Krypto deals with a private, decentralized system. The value of crypto depends on people or organizations that request request. In contrast to national currencies, Crypto is not supported by any government. According to the latest report by consumer consumer -confidence of the Wharton School, confidence in the crypto continues to grow. “There are several crypto brands for sale. The Crypto Currency Bitcoin recently acted around $ 100,000 per coin. Most crypto sell far less and prices for any crypto can change quickly.

$ Trump Meme coin is a cryptocurrency issued by our president. In April, his website invited the 220 top owners of the digital coin to the “intimate private dinner” with the president. The top 25 receive a bonus: “An exclusive reception before dinner with your favorite president.” The 25 top investors in the Trump Meme coin were promised “an ultra-VIP experience with a private reception with the president and a leadership of the White House”.

According to the Block Chain Analytics platform NANSEN, the top 100 owners of the presidential meme coin increased their participations by around 940,000 tokens within just one hour. According to the financial magazine and other crypto trackers, the Meme meme $ Trump Meme added a total of more than $ 100 million to its value.

In most cases it is extremely difficult to know who bought the $ Trump. According to Fintech Weekly, the person who headed the Leader board was Justin Sun with a purchase of $ 18 million. According to TRM Labs, a crypto analysis company, Sun Blocktrain platform Tron was responsible for 58% of illegal activities in the Krypto World.

Trump earns money from the trade because the transactions generate a fee, as well as the increase in the price for the coins, which result from its funding or tempting sales. It is particularly worrying that the impermeable nature of the crypto transactions makes it practically impossible to determine how much Trump benefits, who tries to influence government policy and what political favors they are looking for.

Melania Trump, our first lady, Receives millions of dollars for a documentary. It was originally bought by Netflix and then bought by Amazon for $ 40 million. According to Variety Magazine, Ted Sarandos, co-CEO from Netflix, met with the then elected President Donald Trump for dinner in Mar-Lago. Sarandos denies that Trump proposed him when buying the documentary. However, the main investors in Netflix are huge investment funds (Vanguard Group, Blackrock, FMR), which are subject to regulation from our federal government. Amazon is susceptible to cartel tracking.

The $ Trump Meme coin is only one of several methods that use the mega-rich and foreign governments to enrich our president. Regardless of the method, they try to influence government policy. Collaplation is a possible area. Trump has imposed on the largest part of the world through strong tariffs of the Executive Ordinance. This damages importers who are those who actually pay the tariff. If you increase prices, you risk losing consumers. Exporters face a challenge because other countries have imposed retaliation tariffs to the USA that reduce the export markets. Therefore, the influence of favorable tariff treatment is an important profit for companies. The regulatory authority of the federal government is another concern. If your business at Trump is not in favor, the federal government can compete with the regulations for its interests. The government can look in the other direction if they are good grace in Trump's.

Those who try to influence government policy by enriching our president are already rich and powerful. You want more of both. Some average citizens could be willing to do something similar if they had the money. However, most of these citizens want the president to restore federal financing for institutes and programs that actually benefit the American people.

Richard Fein has a master's degree in political science and an MBA in economics. It can be reached at columnist@gazettenet.com.