Ted Cruz just said the quiet part out loud.
Speaking at the Milken Institute conference in Beverly Hills, Cruz admitted that “Trump Accounts” are essentially “Social Security personal accounts” then openly described how Republicans could use them to push workers into diverting payroll taxes away from Social Security and into private Wall Street investment funds.
That wasn’t a gaffe. It was the plan.
For years, Republicans publicly marketed these accounts as harmless baby savings programs while privately discussing how they could become a pathway to privatizing Social Security altogether.
Even Treasury Secretary Scott Bessent reportedly called them “a back door for privatizing Social Security” at a Breitbart event last year.
And now the strategy is becoming obvious: Undermine Social Security from within, slash the agency through DOGE-style cuts, create dysfunction, then point to the damage and claim privatization is the “solution.”
Polling shows Americans overwhelmingly oppose privatizing Social Security. But opposition only matters if people know what’s happening before it’s too late.
Cruz didn’t accidentally reveal the agenda. He confirmed it.
The anatomy of a… ballroom?
Back in October, I started pulling the donor list for Trump’s ‘ballroom’ expecting the usual suspects- luxury brands draining their marketing budgets for a White House photo op
But there was no Steinway. No Hermès. No Baccarat.
In their place were names like Caterpillar, Booz Allen Hamilton, Blackstone, and Union Pacific. Companies that build classified networks, industrial generators, and military infrastructure. That was the first moment it clicked for me, and I realized I wasn’t looking at a party planning committee.
I was looking at a procurement order for a classified data center.
This should be a bigger story.
Donald Trump launched military strikes on Iran, setting off a chain reaction that left Gulf countries scrambling for drone defense. Now, his sons are stepping in to sell those same countries the very drones the conflict made necessary.
The president starts a war, the war creates demand, his own family moves in to profit, and foreign governments, desperate for American military backing, feel enormous pressure to buy. This is the first family in American history to profit from a war their father started without Congress’s consent.
That is a level of corruption this country has never seen before. The American people deserve to know who exactly their government is working for, because right now it is not working for you.
Welcome to Episode 14 of the Corruption Chronicles.
@Acyn@CarpeDi81040920 It’s becoming clearer by the day that MAHA is one big smokescreen for all the dirty dealings this administration is up to by deregulating any and all protections we once had against the toxins produced by big corporations.
Wealth over Health is their agenda. Ghouls!
A Perry Mason moment here between AOC and Lee Zeldin.
After Lee Zeldin denies meeting with Bayer to discuss litigation the company was facing, AOC presents visitor logs and emails from Zeldin’s senior advisor stating that Zeldin would be meeting with the Bayer CEO to discuss “legal/judicial issues.”
“In this internal email, it says that Bayer was specifically seeking and discussing Supreme Court action, it would want an update on EPA’s regulatory review, and that, interestingly, Bayer will provide a small thanks for updating the glyphosate webpage from the EPA and work on MAHA.”
After the president claimed multiple times the ballroom will come at no cost to the country, Senator Lindsay Graham announced a bill that would charge the American people $400 million to complete the building of the presidential ballroom.
@Jared_Poland breaks down Trump's words over the past year and how it doesn't line up with the Senator Graham's words yesterday.
BREAKING: Experts SOUND ALARM after Trump issues memo that could allow his staff to delete millions of White House emails in violation of record preservation laws.
The timing alone should set off alarm bells. The Trump administration is currently being challenged in court over its preservation of government documents. And this week, it issued new internal guidance that a leading archives expert says gives White House staff "license to do the exact opposite" of preserving records.
The memo, issued by White House Counsel David Alan Warrington to Executive Office of the President staffers, represents a "significant departure from historical practice" — Warrington's own words. It quietly rewrites the rules around which communications need to be saved and how.
University of Maryland professor Jason R. Baron, who specializes in archives and the law, read the memo and sounded the alarm immediately. The new guidance, he told the Washington Post, provides nothing that "prevents the White House from directing the transfer or destruction of White House records, including tens of millions of emails, either before or after the end of the president's second term in office."
The key sleight of hand is buried in the language. The memo says EOP components are "free to retain" previous record-preservation policies. As Baron points out, that also means they are free not to. Text messages now only need to be preserved "when they are the sole record of official decision-making" — and staffers are merely "encouraged" to memorialize those exchanges in another format rather than preserving the original exchange directly.
Translation: if someone decides a text isn't the "sole record" of something, they can delete it. And nobody has to take a screenshot.
Federal law is unambiguous. Presidents and their staff are required to preserve records related to government activity and turn them over to the National Archives at the end of each administration. Warrington’s memo, however, doesn't clarify whether these records will actually be turned over, and doesn't specify how Trump or Vance will personally preserve their own records.
This is the administration that used Signal to discuss active military strikes in a chat that included a journalist. The administration that has fired numerous inspectors general. The administration that is fighting records requests in court while issuing internal guidance that makes destruction discretionary.
"While paying lip service to the need to preserve White House records," Baron said, "the memo actually gives EOP staff license to do the exact opposite." Nixon erased 18 minutes of tape. Trump's team may be preparing to erase tens of millions of emails.
Please like and share this post if you believe the American people have a right to know what their government did — even after it leaves office.
White MAGA evangelicals have found a new gaslight. Now they want to blame civil rights organizations for manufacturing racism.
As if America was not racist before the NAACP existed. As if white supremacy needed a nonprofit grant to build slave ships. As if the Klan was waiting on a donation from the SPLC before it burned crosses. As if Jim Crow needed a press release. As if lynch mobs needed a fundraising campaign before they burned down Tulsa and Rosewood.
Who funded the transatlantic slave trade?
Who funded American chattel slavery?
Who funded the genocide of Indigenous people?
Who funded the rape and breeding of enslaved Black women?
Who funded lynching?
Who funded segregation?
Who funded redlining?
Who funded convict leasing?
Who funded mass incarceration?
Who funded police brutality?
Who funded the theft of Black land?
Who funded the erasure of Black history?
It was not civil rights organizations. It was America, the government, banks, white churches, corporations, courts, universities, white mobs, white politicians, and white pulpits preaching a slaveholder’s gospel.
Civil rights organizations did not create racism, they documented it, challenged it, exposed it, sued it, organized against it, and forced America to look in the mirror.
And that is what MAGA cannot stand. They don’t hate the so called manufacture of racism, they hate the exposure of racism.
Because if racism is made up, nobody owes repair, nobody owes repentance, nobody owes justice, nobody has to return stolen land, nobody has to pay reparations, and nobody has to dismantle the systems that still reward whiteness and punish Blackness.
This is not a serious argument. It is white grievance propaganda with a church fan in its hand. America was racist before civil rights organizations existed.
America was racist when Black people were property. America was racist when Black people were lynched for voting. America was racist when Black children needed federal troops to enter schools. America is still racist when they try to ban the books that tell the truth.
You do not get to burn the house down for 400 years and then blame the smoke alarm for making noise.
Talbert Swan
@TaraSetmayer A NYT story yesterday about Kushner-Trump grift was horrifying. But it makes no waves since there's one like it daily.
The GOP who once shrieked nonstop of an imaginary prez "crime family," wasting vast sums of tax $ to fish & catch nothing, remain of course utterly silent.
This should be on the front page of every newspaper in America.
A Syrian billionaire needed U.S. sanctions lifted so he could cash in on $12 billion in reconstruction contracts.
In an attempt to influence American foreign policy, he proposed a Trump-branded golf course, cut Jared Kushner & Ivanka Trump into a multibillion-dollar real estate deal for a resort in Albania, and had someone physically deliver a stone engraved with the Trump family crest to a Republican Member of Congress with instructions to take it to the White House to get the President's attention.
Trump threw his weight behind repealing the sanctions. They were lifted. The contracts are moving, the Trump family’s deals are expanding, and not a single Washington Republican is willing to say a word about any of it.
This is a corruption of everything the office of the presidency is supposed to stand for, and the American people deserve to know about it.
https://t.co/A4lQE3ktoG
Trump just opened a cumbersome new portal where some small businesses can apply to get some of the money Trump stole from them with his illegal tariffs.
It just exposes how insane and damaging his entire tariff obsession has been for our economy.
Paolo Zampolli is traveling with the VP during one of the most consequential diplomatic negotiations of this administration, the US-Iran ceasefire talks. Here are the questions nobody in MSM seems to be asking about him.
How does a man go from modeling agency owner in the 1990s to introducing Trump to Melania, to real estate partner at the Trump Organization, to UN Ambassador for Dominica, to ocean conservation events with Ghislaine Maxwell, to Kennedy Center trustee, to Special Envoy for Global Partnerships, to walking red carpets with the Vice President in Hungary?
In the DOJ’s Epstein files, Zampolli’s name appears in 11 documents. In one email, he is described as a “killer.” In another, Epstein himself warns an associate to “be careful” of Zampolli, calling him “trouble.” The context of the “killer” reference is not fully clear, but the question is worth asking: why is this man traveling with the Vice President?
There are multiple sketchy newspaper clippings where the photo is courtesy of ID Models. One describes a model “about to become the world’s most popular ninth-grader.” It notes she was “attending high school classes in Miami” when she was spotted by “ID Models owner Paolo Zampolli.” She was 15 years old.
He should be investigated.
In an email released in an Epstein file drop, sent by crisis communication executive Mike Sitrick to Jeffrey Epstein, TMZ’s Levin is described as a "good friend".
The message reads: "Tried to call you. Harvey Levin, who runs TMZ, is a good friend. They haven't reported on this at all, but I might be able to get him to do something on the Duchess and her backpedaling."
🚨 PROJECT GLASSWING AI LAUNCH SUPERHERO OR SUPERDEMON - EVERYBODY IS MISSING THE IMPORTANT BIT 🚨
Launched today by Anthropic, with Amazon Web Services and all the big tech brands you would expect, Project Glasswing promises security
But it's specialist AI training includes one important word which is being drastically overlooked
AUTONOMOUS
This project which has been rolled out to the chosen few (minus US gov) has reportedly picked up critical zero-day failures in systems that could take down not just industry sectors but countries
And it can work autonomously to not just find these but to exploit these
For years I have been warning about autonomous AI and have shown military fatalities which have occurred as a result. Now think about hospitals with life support machines, traffic infrastructure, air traffic control systems
Now have a listen to this video below and then take a deep breath before letting me know your thoughts
This is appropriately named glass... It shatters horribly loudly and is irreparable... In my humble opinion
#ProjectGlasswing #ZeroDay
@GodSawUs@IamVictorPerez1@AshtonForbes
The Trump family launched "World Liberty Financial" and told the world it would revolutionize finance, bank the unbanked, and bring the power of decentralized money to ordinary people. Two years later, the token is down 82% from its peak, regular depositors have been locked out of their own funds, the company sold nearly half of itself to a foreign government's investment arm days before the president took office, and the Trump family has already cashed out tens of millions in real money while retail investors hold worthless bags. This is the full story. Every word of it is documented. None of it is disputed. And almost none of it has received the attention it deserves.
It started with a pivot nobody questioned hard enough.
Donald Trump spent years calling Bitcoin a scam. He said crypto was "not money" and was "based on thin air." Then, sometime around 2023, he changed his mind. Not because he studied the technology. Not because he became convinced of its merits. He changed his mind because he saw that the crypto industry had money, that it wanted political cover, and that he could provide that cover in exchange for something valuable. What followed was one of the most brazen examples of a politician monetizing public office in modern American history and it was done entirely in the open, with the full knowledge of the press, the public, and Congress, and almost no consequences whatsoever.
In September 2024, Trump announced World Liberty Financial alongside his sons Eric, Don Jr., and Barron. Barron Trump, who was 18 years old, was listed on the project's official materials as the "DeFi Visionary." Eric and Donald Jr. were listed as "Web3 Ambassadors." Donald Trump Sr. was listed as "Founder Emeritus." The project was co-run day-to-day by Chase Herro, Zachary Folkman, and Zach Witkoff, the son of Steve Witkoff, who simultaneously served as Trump's Special Envoy to the Middle East. The overlap between Trump's diplomatic apparatus and his private crypto business was not hidden. It was right there on the website for anyone to read.
The financial structure was designed to extract maximum value for the family before anyone else saw a penny.
A Trump-controlled entity called DT Marks DEFI LLC was written into the project's foundational documents with the following terms: a stake that was initially 60% of WLF Holdco LLC, later adjusted to 38% as new investors came in; ownership of 22.5 billion WLFI tokens; and an entitlement to collect 75% of all net revenue generated by token sales, including interest earned on reserve assets backing the project's USD1 stablecoin. Read that again. Before a single line of working code was deployed, before a single ordinary investor bought a single token, the Trump family had contractually guaranteed themselves three-quarters of all the money that would ever flow through this project. That is not how legitimate financial innovation works. That is how a toll booth works, except the Trump family built the road and owns the toll booth and sets the toll.
Then came the fundraising. $550 million from ordinary people.
Phase one of the token sale launched in October 2024 and raised approximately $300 million. Phase two followed and raised another $250 million. By March 2025 the total had reached $550 million. The tokens were marketed as governance tokens, meaning holders could vote on certain project decisions, but the voting power of retail holders was negligible given that the Trump family and insiders controlled the overwhelming majority of the supply. The tokens were not securities, according to the project, which conveniently meant they were not subject to the disclosure requirements, investor protections, or oversight mechanisms that apply to securities. Senators Elizabeth Warren and Representative Maxine Waters disagreed and called for investigations. Reports also emerged that WLFI tokens had been sold to individuals linked to sanctioned countries including Iran, North Korea, and Russia, triggering SEC inquiries. The project denied wrongdoing. The inquiries continued.
The biggest single buyer was a man with a pending fraud case against him.
Justin Sun, the Chinese founder of the Tron blockchain, spent at least $75 million buying WLFI tokens, making him the project's largest known individual investor. At the time he was buying, Sun was facing a civil fraud lawsuit from the SEC alleging securities violations, wash trading, and undisclosed celebrity endorsements. In February 2025, shortly after Trump returned to office, the SEC moved to settle that case for $10 million, a fraction of the alleged gains. Democrats on the House Financial Services Committee alleged the settlement represented a pay-to-play arrangement: Sun had invested tens of millions in the president's family business and the president's regulatory agency had made his legal problems go away. The administration denied any connection. The timing was what it was.
Then came the UAE deal. This is where it stops being a crypto story and becomes a national security story.
Four days before Donald Trump's second inauguration, a company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and one of the most powerful figures in the Abu Dhabi royal family, quietly signed an agreement to acquire a 49% stake in World Liberty Financial for $500 million, with $187 million paid upfront directly to Trump family entities. The deal was signed by Eric Trump. Two senior officers at companies controlled by Sheikh Tahnoon were given seats on World Liberty's board.
This was reported by the Wall Street Journal and described by legal experts as something genuinely unprecedented in American political history. A foreign government's most senior national security official had purchased nearly half of a company owned by the incoming president of the United States days before that president took office. The Wall Street Journal also reported separately that Sheikh Tahnoon was simultaneously pushing the Trump administration for increased US access to Nvidia AI chips, cutting-edge semiconductor technology that had been subject to national security export restrictions precisely because of concerns about the UAE's relationships with China.
Shortly after Trump returned to power, his administration reversed those restrictions and approved expanded UAE access to Nvidia chips. The administration denied any connection to the WLFI deal. Senator Chris Murphy said explicitly that what the Trump family had done was corruption. The White House called it a coincidence. You are an adult. You can evaluate that explanation yourself.
Then came the scheme that broke ordinary depositors.
Here is how it worked. WLFI created its own stablecoin called USD1, pegged to the US dollar. It also operated WLFI Markets, a lending platform built on a third-party DeFi protocol called Dolomite. Dolomite's co-founder was also an adviser to World Liberty Financial, a fact that will become relevant very shortly.
Beginning in early February 2025, WLFI's treasury began executing a series of transactions that onchain analysts described as circular financing. The treasury deposited its own USD1 stablecoin into Dolomite and borrowed USDC against it. The borrowed funds were immediately moved to Coinbase Prime, an institutional platform typically used to convert crypto into cash or execute large OTC trades. Then, in late February, WLFI deposited 890 million of its own WLFI governance tokens into Dolomite and borrowed more stablecoins against them.
By April 2026 the total position had grown to approximately 5 billion WLFI tokens pledged as collateral, nominally valued at around $440 million, against which WLFI had borrowed approximately $75 million in stablecoins. More than $40 million of the proceeds had been routed to Coinbase Prime. The WLFI token dropped nearly 10% when this was first reported, then another 12% the following day, hitting its lowest price since launch.
The mechanics of why this is dangerous are worth explaining clearly. WLFI used tokens that it controls and can effectively create to borrow real, spendable money. The collateral is only worth what the market says it is worth on any given day and because WLFI tokens are thinly traded, any forced liquidation of that collateral would crash the token's price, which would reduce the value of the collateral further, which would trigger more liquidation, which would crash the price further. This is the exact same death spiral that destroyed FTX and Alameda Research in 2022. Alameda borrowed billions against FTX's own FTT token. When the token price fell, the collateral evaporated and the whole structure collapsed, wiping out billions in ordinary investor funds. The critical difference is that Alameda did it secretly. World Liberty Financial did it on a public blockchain, in full view of anyone who cared to look, and when analysts pointed it out, the project's response was to post a statement on X saying they were "nowhere near liquidation" and that if prices moved against them they would simply "supply more collateral." More of their own tokens. As if the solution to the problem of using a bad asset as collateral is to use more of the same bad asset.
Regular depositors paid the price.
WLFI's borrowing was so aggressive that it pushed Dolomite's USD1 lending pool to approximately 93% utilisation. This meant that ordinary users who had deposited USD1 into Dolomite to earn yield found themselves unable to withdraw their own money. WLFI's treasury position now accounts for roughly 55% of Dolomite's total value locked, meaning one entity controlled by the president's family dominates an entire third-party lending protocol in a way that exposes every other user to the consequences of its decisions. The project called this being an "anchor borrower" that "generates yield for everyone else." The people who couldn't access their savings called it something else.
Then came the sanctioned criminal network connection.
World Liberty Financial partnered with a Southeast Asian blockchain project called AB DAO and announced that its USD1 stablecoin would integrate with the platform. The partnership was announced in November 2025. What WLFI apparently did not know, or did not disclose, was that AB DAO's flagship resort project had until very recently been promoted by individuals who were subsequently sanctioned by both the United States and the United Kingdom for alleged ties to Cambodia's Prince Group. US authorities have described the Prince Group as a major transnational criminal network involved in large-scale fraud. The individuals linked to the resort project were removed from AB DAO's promotional materials following the sanctions, but the history was there in the public record. A Times investigation found that WLFI was unaware of this history despite claiming to have conducted due diligence.
For context: this is a company co-founded by the sons of the President of the United States. The President's own administration imposes the sanctions in question. The President's own Treasury Department maintains the sanctions list that WLFI apparently failed to check before announcing a major business partnership. "We had no idea" is not a defence when you are operating in the name of the most powerful office on earth.
And through all of this, the token kept falling.
WLFI is now down 82% from its all-time high of $0.46 reached in September 2025. The project's treasury spent $65.58 million buying back 435 million tokens at an average price of $0.1507. Those tokens are now worth approximately half what the treasury paid for them. The buyback programme, meant to signal confidence and support the price, is 48% underwater. The people who bought in at the peak, who believed the pitch, who trusted that the President of the United States would not attach his name and his children's names to a project designed to extract their money, are sitting on losses that in many cases exceed 80%.
Meanwhile the Trump family has already moved tens of millions of dollars in real money off the platform via Coinbase Prime. The mechanism worked exactly as it was designed to work. Not for the retail investors. For the family.
This is the part that should make every American angry, regardless of politics.
The President of the United States is simultaneously: regulating the crypto industry from the White House; pushing Congress to pass crypto-friendly legislation; publicly promoting the idea of America as the "crypto capital of the planet"; and personally profiting from a crypto company his family controls, that has raised half a billion dollars from retail investors, that has sold nearly half of itself to a foreign government's investment arm, that has engaged in financial maneuvers directly compared to those that caused the FTX collapse, and that has partnered with entities linked to US-sanctioned criminal networks.
This is not a left-wing talking point. This is a description of documented, public, onchain, reported facts. Every figure cited in this post has been reported by the Wall Street Journal, CoinDesk, Fortune, CNN, the New York Times, and the Times of London. None of it is disputed. All of it is real.
They named it World Liberty Financial.
The liberty was always only for them. The world and the ordinary investors who believed them got the bill.
Share this. Every person who has ever bought crypto, every person who believes in financial accountability, every person who thinks a sitting president should not be running a self-dealing scheme with a foreign government's money while pretending to regulate the same industry deserves to know what is happening here.
This is corruption. And it is happening in plain sight.