Transcript
Rachel Maddow (0:00)
Foreign Donald Trump has turned the presidency of the United States into a get rich quick scheme. We know he is a celebrated grifter and con artist. Now he is using the office of the presidency to do that. And I'm going to be honest with you, I wasn't as familiar with the word kleptocracy until this administration. So Scott Galloway, he tells us exactly.
Scott Galloway (0:27)
What that means, fascinated Scott, that according to CNBC, while 58 crypto wallets have made over $10 million each on President Trump's mean coin. That's the fight. Fight, fight coin. Over three quarters of a million wallets have lost money on it. That's incredible to me. Like 58 people who I guess somehow were in the know.
Anderson Cooper (0:52)
Yeah.
Scott Galloway (0:53)
Made money. Or most. Many of them may have been in the know. And the vast majority of people who are buying small supporters of the president, I'm guessing lost money.
Anderson Cooper (1:04)
But that's the definition of a kleptocracy is that a small number of people with proximity to power make an exceptional amount of money, but the larger public loses a lot of money. It extends beyond that. On April, I believe it was the 9th. At 1pm There was abnormal trading volume and calls. People betting the stock market was going to go up. And then at 1:18, Trump announced he was pausing tariffs and the market screamed to one of its largest gains in history. So somebody knew at 1pm what, what he was about to do. This is arguably the biggest grift in modern history. Think about it. The Trump family has gained a billion dollars in wealth per month over the last three months. And the world is getting, or the US Is getting more expensive for everybody else.
Rachel Maddow (1:52)
Okay, here's what I have to say about that. There's no question he's a grifter, but I fault Anderson Cooper because he says, well, somehow these people made money. It's not somehow he's telling people what he's going to do. Marjorie Taylor Greene is a perfect example of people that are benefiting from Trump's administration. You know who else did this? Putin. This is illegal. It's against the emoluments clause. And here we have just like normal, like somehow this is happening. Trump is tipping these people off. His people are making a ton of money. Foreign adversaries are investing in this and making a ton of money. And I agree with Scott Galloway. This is the biggest grift in his long line of grifts.
Michael Moore (2:35)
Yeah, I mean, I think that when we saw in the Oval when he said he made 2, you know, 2 billion today he made 500 million today. This is. Trump has people around him, he has the richest cabinet ever in the history of the United States. And they are all playing a very short term game to come in, suck out as much money from this as they possibly can, and they don't care how they leave it. Usually presidents care a little bit about legacy and passing the torch. Torch and take some pride in that. There's no pride in any of this other than raping and pillaging everything they possibly can for personal gain. These people are morally flawed. And the problem is I understand greedy, selfish rich people. I understand 12 of them together. The problem is the 77 million people that are okay with this. There is a deep cancer in this country that has come to fruition. And these people are able to look at us in the face and say, oh, I don't really want to talk about politics. This isn't politics. This is the truth. This are, these are facts, these are morals, this is human decency. And those people who think this is politics need to be called out as such for the dismantling of the United States of America. We are an international and global laughingstock completely.
