Stinky Pants ran for president for two reasons I maintain. They have little to do with anything political. The true believers like to think The Stinker is the second coming and that he will smite their enemies and all that biblical type stuff. All that is theater to throw everybody off his real goals.

His first goal was to keep his ass out of prison. Remember he was convicted of 34 felonies. Thirty-four a truly astronomical number. And that was from one set of trials. He still had other trials coming including stealing government documents. The man was a crime machine.

Remember all those sayings the right loved to toss around about crime like “You do the crime, you do the time” and things like that. Remember how one of the basic tenets this country was founded on was that no man was above the law? Stinky Pants made a mockery of all that as he got away with very serious crimes without ever being sentenced and with his other crimes ever being prosecuted. It is like the ultimate Mafia story.

The second was to score as much money as he could by pimping out the highest office in this land and probably the most powerful office on earth. We are now entering that phase. It looks like he and his team have scouting what the best vehicles to score as much lucre as he can. Our government has lots of money. Many years ago when asked why he robbed banks, bank robber Willie Sutton supposedly said “Because that is where the money is.”

Stinky Pants has come to the same conclusion. The government is where the money is. He just has to figure a way that he and his compadres like Elon Musk can get at it.  Bribes? Contracts? Tax cuts? Emoluments from Arab oil emirates? How about making something valuable that has little value now such as cyber money? It is all on the table. 

However, there must be distractions to keep a nosey press from digging in too far. Keep them distracted with threats of tariffs. Keep them distracted with threats of war. Keep them distracted with turmoil in what was a very stable government apparatus. Keep them distracted with lies and disinformation While the press chases those stories they are not digging behind the scenes.

Stephanie Ruhle lays it out very well in this short video (2:10)

That not clear enough? Thank goodness some senators are paying attention. Senators Elizabeth Warren and Jeff Merkley are planning hearings on Stinky Pants very questionable crypto moves. Amy Goodman at Democracy Now goes in depth with Molly White to explain the how and why Stinky Pants is willing to upend the world economic system for his own gain. And you and I will be getting royally screwed by this: (15:28)

Now for your part. As you heard in the video MAGAs in the Senate are currently moving a bill called the GENIUS Act. This bill will regulate stable coins to some degree, but not enough to satisfy serious economic watch dogs like Senator Elizabeth Warren. There is enough wiggle room for a criminal like Trump to slide through.

From Heather Cox Richardson on Tuesday concerning Stinky and crypto:

In a follow-up story to last night’s information about the Trump family’s cryptocurrency corruption, MacKenzie Sigalos of CNBC reported today that 58 crypto wallets have made more than $10 million each on Trump’s meme coin, gathering a total of $1.1 billion in profits. But 764,000 wallets, mostly owned by small holders, have lost money. Meanwhile, since January the meme’s creators have pocketed more than $324 million in trading fees.

While Stinky is creating distractions all over the place it looks like making the big score using crypto is one of his main objectives. He is openly taking bribes through his stable coin business as it is. This must be stopped.

The GENIUS Act vote awoke a large segment of the populace as to what the Trump crime family is up to. Here Paul Krugman weighs in on his substack after the GENIUS Act failed its initial vote:

Meanwhile, however, something potentially important happened in Congress. A bill that would have helped expand the use of stablecoins — cryptocurrencies that, unlike Bitcoin and other early entrants, are supposed to have a fixed value in dollars — stalledin the Senate. To advance, the GENIUS Act (gag) needed 60 votes on a procedural measure. With every Democrat and 3 Republicans voting no, it only got 48 votes.

What happened? Republicans tried to ram through a bill that literally had no text. That was too much even for crypto-friendly Democrats.

The setback for Republicans also reflected the stench of Trumpist corruption that increasingly hangs over all things crypto. The $Trump and $Melania memecoins have been used for what amounts to brazen bribery. So has USD1, the stablecoin recently introduced by World Liberty Financial, the Trump family crypto firm. It’s hard to overstate how big a deal this is. Thanks to crypto, the president of the United States is now effectively for sale, and the buyers appear to include not just wealthy foreigners but foreign governments.

We’re talking billions of dollars in direct payments to the president and his relatives. If we were still a serious country, Trump’s crypto corruption would lead to his immediate impeachment and removal from office.

But one vote does not mean the GENIUS Act is dead, just wounded. Expect it back next week. So if you do not want crypto to get its toe in the door, be prepared to make some calls.