cryptocurrency

June 7, 2025

Trump corruption tracker

For years, Republican lawmakers and right-wing media outlets frothed at the mouth over Hunter Biden’s laptop and fabricated tales of Burisma “corruption” — stories so thoroughly debunked that the FBI informant who invented them, Alexander Smirnov, is now serving six years in prison for his lies. The GOP knew the Burisma bribes were fake Russian disinformation from the start, yet they weaponized these fabrications to launch impeachment proceedings and relentlessly smear the Biden family. Meanwhile, they’ve maintained a deafening silence about the brazen, documented, and ongoing corruption stench emanating from Donald Trump’s second presidency.

The hypocrisy is breathtaking in its audacity. While Republicans manufactured outrage over phantom millions supposedly flowing to the Bidens — money that never existed, deals that never happened, corruption that was entirely fictional — they’ve turned a blind eye to the very real, very documented flood of cash pouring into Trump’s coffers from foreign governments, cryptocurrency schemes, and pay-to-play access deals that would make a banana republic dictator blush. Maryland Representative and House Judiciary ranking member Jamie Raskin called it a “gangster state” in a recent interview with MSNBC‘s Chris Hayes.

What follows is not speculation, not innuendo, not the fever dreams of political opponents. This is a meticulously documented catalog of corruption so vast and shameless that it dwarfs anything previously seen in American presidential history. From $346 million in inaugural slush funds to $5.5 billion foreign real estate deals, from cryptocurrency pump-and-dump schemes netting nearly a billion dollars to a $400 million plane gift from Qatar — the Trump administration has transformed the presidency into a personal ATM with all the subtlety of a smash-and-grab robbery.

The Teapot Dome Scandal of the 1920s served as the quintessential symbol of government corruption for decades — over a mere $7 million worth of bribes to Interior Secretary Albert Fall. It was eclipsed and replaced by Watergate, shortly preceded by the resignation of Vice President Spiro Agnew over the discovery of his $300,000 operation that funneled cash stuffed into plain envelopes by bag men into the White House. Trump’s corruption represents a quantum leap beyond even these watershed moments in terms of sheer orders of magnitude, as well as the brazen manner in which the heists are being conducted in broad daylight.

The same party that spent years screaming about imaginary Ukrainian energy company bribes and fantasy Chinese business deals has remained conspicuously silent as their standard-bearer openly auctions off American foreign policy, drops federal investigations for donors, and literally sells dinner invitations for millions of dollars. The cognitive dissonance would be comical if it weren’t so dangerous to our democracy.

What is an example of political corruption in the United States? You cannot find a bigger collection of brazen examples. This is the story they don’t want you to focus on — the real corruption, the documented grift, the unprecedented monetization of the American presidency happening right before our eyes. I’ll be aiming to keep this list updated with the inevitable additions to come.

Financial Gains from Inaugural Funds and Campaign Donations

Donald Trump’s two inaugural committees raised an astounding $346 million, which is more than all other inaugural committees combined since Richard Nixon’s in 1973. There is no oversight on how Trump uses the money that was not spent on festivities, although allies claim it will go to projects like his presidential library (…for the guy who doesn’t read.).
Companies and executives who donated heavily to Trump’s inaugural fund have seen direct benefits in return. For example, the Trump administration withdrew a Biden-era rule requiring poultry companies to keep salmonella bacteria levels below a certain level. Pilgrim’s Pride, which gave $5 million to Trump’s inaugural committee (making it the largest donor to that effort), had two executives on the board of the National Chicken Council, which celebrated the reversal.
The Trump administration has dropped federal investigations and lawsuits against 89 corporations, many of whose leaders donated heavily to Trump’s inaugural fund.
Amazon founder Jeff Bezos, Mark Zuckerberg of Meta, the CEO of OpenAI Sam Altman, and AI search startup Perplexity each planned or did donate $1 million to Trump’s inauguration fund, while Trump has refused to sign paperwork requiring him to disclose the donors. The fund has been described as a “slush fund” due to a lack of required accounting for how the money is spent.

May 7, 2025

Who is David Sacks?

David Sacks: Silicon Valley’s Political Power Player

At the intersection of technology, venture capital, and right-wing politics, the star of tech mogul David Sacks has risen prominently in recent years. From PayPal executive to Trump’s AI & Crypto Czar, Sacks represents a new breed of tech tycoon whose influence extends far beyond Silicon Valley boardrooms into the corridors of political power.

From South Africa to Silicon Valley

Born on May 25, 1972, in Cape Town, South Africa, Sacks followed a path that would eventually lead him to become one of the most influential entrepreneurs in American tech. After immigrating to the United States, he received his education at the University of Chicago Law School, graduating in 1998.

His Silicon Valley journey began in earnest when he joined PayPal in 1999 as Chief Operating Officer. At PayPal, Sacks was instrumental in building key teams and oversaw product management, sales, and marketing functions. This early chapter placed him squarely within what would later be known as the “PayPal Mafia” – a legendary group of executives including Peter Thiel and Elon Musk who went on to found and fund numerous successful tech ventures.

Entrepreneurial Success

Following PayPal’s $1.5 billion acquisition by eBay in 2002, Sacks embarked on a remarkable entrepreneurial journey:

He briefly ventured into Hollywood, producing the critically acclaimed film “Thank You for Smoking” and later “Dalíland”
In 2008, he founded Yammer, an enterprise social networking service that was acquired by Microsoft for $1.2 billion just four years later
As an angel investor, he made early bets on Facebook, Uber, SpaceX, and Airbnb, cementing his reputation for identifying transformative companies
In 2017, Sacks co-founded Craft Ventures, a venture capital firm focused on SaaS and marketplace models that has become a significant player in tech investing

His entrepreneurial success positioned him as a respected voice in Silicon Valley, with insights that extended from product development to company building and investment strategy.

The Twitter Chapter: Musk’s Right-Hand Man

One of the most notable recent chapters in Sacks’ career has been his involvement with Twitter (now X) during and after Elon Musk’s controversial acquisition of the platform in 2022. As part of Musk’s inner circle, Sacks played a pivotal role in advising on the company’s transition.

January 24, 2025

Effective Altruism and Longtermism: Twin ideologies driving tech billionaires

Effective Altruism and Longtermism are relatively recent (since the late 2000s) twin philosophical movements making the claim that, as a human species, we ought to prioritize impacting the long-term future of humanity — hundreds, thousands, or millions of years from now — over and above any concerns for actual humans alive today. Largely inspired by utilitarianism, it favors questionable metrics like “lives saved per dollar” in its quest to not just do good, but “do the most good.”

Longtermism is an outgrowth of Effective Altruism (EA), a social movement developed by philosophers Peter Singer and William MacAskill. It emphasizes the moral importance of trying to shape the far future, and adherents argue that the long-term consequences of our actions far outweigh their short-term effects because of the potential of vast numbers of future lives. In other words, future people will outnumber us at such a scale that, by comparison to this imaginary future universe, our current-day lives are not very important at all.

It has numerous and powerful adherents among the Silicon Valley elite including Trump bromance Elon Musk, tech billionaire Peter Thiel (who spoke at the RNC in 2016), indicted and disgraced crypto trader Sam Bankman-Fried, Twitter and Square founder Jack Dorsey (who is good friends with Elon), OpenAI‘s CEO Sam Altman, Ethereum founder (and Thiel fellow) Vitalik Buterin, co-founder of Asana Dustin Moskovitz, and others.

Why longtermism resonates with tech oligarchs

The tech-industrial complex is steeped in the idea of longtermism in part because it aligns so well with so many of their values:

technological optimism / techno-utopianism — the belief that technology is the solution to all of humanity’s greatest challenges
risk-taking mindset — venture capital is famous for its high-risk, high-reward mentality
Greatness Thinking — unwavering devotion to an Ayn Randian worldview in which only two groups exist: a small group of otherworldly titans, and everyone else
atomized world — social groups and historical context don’t matter much, because one’s personal individualized contributions are what make real impact on the world

The dubious ethics of effective altruism

Although it positions itself high, high above the heady clouds of moral superiority, EA is yet another in a long line of elaborate excuses for ignoring urgent problems we actually face, in favor of “reallocating resources” towards some long-distant predictively “better” class of people that do not currently exist and will not exist for thousands, millions, or even billions of years. It’s an elaborate excuse framework for “billionaires behaving badly” — who claim to be akin to saints or even gods who are doing the difficult work of “saving humanity,” but in reality are navel-gazing into their vanity projects and stroking each others’ raging narcissism while completely ignoring large, looming actual dangers in the here and now like climate change, systemic inequality, and geopolitical instabillity to name a few.