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Michael Popak
This episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going cha ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are. Visit shopify.com to upgrade your selling Today, Donald Trump tries to portray himself as a phony man of the people, as somebody leading a populist movement. He and his family have already pocketed over $200 million just since the election on the backs of his presidency. I'm Michael Popak. You're on the Midas Touch Network and Legal af. Let's get down to the numbers. This is the unholy grift that we're watching, almost like a bank robbery in plain sight. Ty Cobb, a lawyer for Donald Trump, says that Donald Trump is motivated right now by only two, by only two qualities, by only two features, either greed or revenge. And sometimes we see them combine in his negotiating strategy against companies where he's trying to extract or extort large settlements that go to his family. Everything I'm going to talk about on this particular hot take, everything is going to be about monies that either Donald Trump, Melania or Donald Trump's adult children have obtained since November 5, just to just to keep the timeline straight. So let's get to it. Michael Popak here. You're on Legal AF and Midas Touch. Let's start with the the fact that of course I agree with Ty Cobb. Everything we're seeing is either vengeance or greed, right? And so these are the sins that animate Donald Trump at the present time. Let's go through the money first. Let's go through the settlements that he's reached, including with Elon Musk's own company. Talk about a shell game. Elon Star with Elon Musk. Elon Musk, who's been sued a half a dozen times already and his doge and is in federal courts to remove him effectively from the government, from serving as the co president. We said in November it looked like there were going to be two co presidents with Donald Trump, Elon Musk and RFK Jr. And that's what we're watching. Elon Musk spent $250 million to buy a presidency, his own money. He invested $250 million. Why? Why not? Because he's doubled his wealth in that amount of time. He went from $250 billion of wealth at the time of the election to almost $500 billion now in February. That's a pretty good return on an investment. In return, he got control over the government and its regulators, all of whom have been the bane of his existence for a long, long time. Now there's reports that Elon Musk, who now controls X, used to be Twitter, is going to settle with Donald Trump, right, the guy he works for, to pay him $10 million in broad daylight. Elon Musk in the government and his company X is gonna pay Donald Trump $10 million to compensate Donald Trump for a failed that Donald Trump had already lost at the trial court level, and that was up on appeal, unlikely to be reversed. So a losing case. Elon Musk decided to put $10 million directly into Donald Trump's pocket. The guy that he works for, right? I thought they're all supposed to be working for us. I thought they're all supposed to be in public service. So when have we ever heard in the history of America, one employee paying the boss, who's the President of the United States, $10 million. And to settle a case that is a failed case for Donald Trump, case got dismissed by the trial court level, and it wasn't gonna likely be revived at the 9th Circuit. I've been before the 9th Circuit. Very difficult to win an appeal at the 9th Circuit. So you got that $10 million. You've got meta. Facebook paid Donald Trump $25 million on a lawsuit that was also just sort of languishing around. This is all because Donald Trump was spreading lies and disinformation and misinformation on his social media platforms in including through January 6th and during January 6th, to foment discontent, to create more of a firestorm attacking the Capitol. And so he was deplatformed, taken off these platforms. So now, because he's the president and these people are scared and they're worried about their own dollars. That's why they're all lined up like toadies, like bootlickers at the inauguration, one next to each other in a section that's usually reserved for family of Donald Trump. It was all the tech bros. So you have $10 million, Elon Musk handing it off to his. To his Boss. You've got $25 million for Meta. And then you've got the other. The also social media platforms. In addition to that, Melania's BS documentary that nobody wanted. Nobody wanted. Three of the major media companies didn't even bid on it. None. Disney only wanted distribution rights. They offered 15. Everybody else, like Paramount and everybody else all the Streaming services, they offered like five. And lo and behold, Amazon and Jeff Bezos, they order, they, they buy it for $40 million. Okay, the next bid was 15. So go to 16. No, the delta between 15 and 40. Right. That's the bribe. That's the bribe. That's Jeff Bezos, who's friends with Ivanka and Jared and live next to them in Miami and party with them in Aspen, wanting to get in the good graces of the Trump administration. So they overpay for Melania. That delta between what is proper market value and what they actually paid. That's a bribe. That's $40 million. So let's keep doing the math. You got 40 million, 25 million and 15 million and 10 million. That's almost $100 million right there. Now another $100 million was earned by Trump in selling his phony meme Trump coins. You know, dollar sign Trump coins, those meme cryptocurrency. Yeah. You know who made money on that? Two people. The Trump family. Two entities. The Trump family that got $100 million brokerage fee, just a fee for the transaction. The buy and sell. That fee that nobody read went to the Trump Organization for the buy, sell. So $100 million fee regardless of what happened to the meme coins. See, now that's a broker. See, a broker always makes money regardless of whether his clients lose money. Because they make it on the churn. Yeah, they make it on the velocity at which the buy and the sell happen. And they get a little vig in between. Using my Wall street background. So that's $100 million regardless of what his stake in the coin is. That went up to 75 and then back down to 15, undermined by a, by a Melania coin. So between the two, they made over 130, $140 million brokerage fee. Here we go. This time of year, many of us start thinking about our health goals. 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Look when I'm craving a real reset after the holidays, Prolon is the only nutrition program that works for me. It's convenient, backed by Nobel winning science and it works. Just in time for the new year, Prolon is offering legal AF by Midas Touch listeners 15% off their 5 day nutrition program for your post holiday. Glow up when you go to prolonlife.com legalaf that's P R O L-O-N life.com legalaf for 15% off prolonlife.com legalaf now let's look at Eric Trump and Don Jr everything that everybody was concerned about on the MAGA side about Hunter Biden, Don Jr. And Eric are doing more and worse. They all got seats on boards. All they, they took stock in return. All the stock skyrocketed in these conservative holding companies with all different media assets because of the involvement of their sons. Forget their sons. Because of their involvement of the Trump family name, all the stock doubled and tripled and that already lined the pocket of Don Jr. And Eric to the tune of another, let's just call it another hundred million dollars of value transfer, wealth transfer to the Trump kids because they have the Trump name right now. By the way, where is the oversight, the Judiciary committee run by MAGA about watching in plain sight the President's children make $100 million off the name of the father, the Biden crime family. This is the Trump crime family. Obviously they were just gaslighting us that whole time with that narrative and that thematic so $100 million to the kids, $100 million brokerage fee or more to Trump for the meme crypto stock and about $100 million brought in by all these social media platforms and the sale of the Melania documentary to quote unquote Amazon for three times the price of anybody else that wanted to pay it. Are we okay with all of this as we await Donald Trump issuing some sort of ethics plan that's going to allow him to be somehow restrained? Let me just say something out loud to our audience that they're not going to find to be very comforting. The President of the United States, no matter who it is, is not subject to to government conflict of interest or ethics laws. Let me repeat that Next time you elect the president, understand that the way that constitutional powers of Article 2 have been interpreted, the President rises above the law in the area of ethics and in the area of conflicts of interest. So we cannot limit Donald Trump's avarice and greed, those sins and his attempts to make money. He knows it, he's learned it, and he is, he is cunning in his approach to abusing it. I mean, it is abuse. It's abuse of power. But there's nothing we can do about it, except if he, in the emoluments clause of the Constitution, if he lines his pockets from foreign powers because of his status as the presidency. Now, he said that as it relates to hotels, because they're trying to buy back the old post office property that they sold for $300 million the first time around. The Trump family is trying to reboot, rebu buy the old post office building, which is currently a Waldorf Astoria Hotel in D.C. and repurchase it and put a Trump brand on it. Of course, he says he's going to donate the money from the profits from operating that hotel to the Treasury. Good luck. We'll stay on top of it. I doubt he does that. And who is he negotiating the ethics plan with? This ethics plan, he's going to announce to the government he's fired the Office of Government Ethics. The guy was five days into a five year term and he got fired already by Donald Trump. Donald Trump has fired all the ethics watchdogs, he's fired all the attorneys general. So who is he negotiating with? Himself? Is that it? Is he negotiating with Susie Wiles, his chief of staff? Or maybe with Stephen Miller, his White House counselor? Is that who he's negotiating with? So this is going to be a completely illusory, imaginary ethics plan. And Eric Trump has already said the quiet part out loud. The son who's running the business. Does anybody really believe that Fredo is running, running the casinos, if you know what I mean? I don't think so. Although when Trump ran the casinos, he ran them into the ground, too. But put that aside for a minute. Eric Trump already said out loud the quiet part. I was very ethical the first time around in the way we operated the business and we refused to do foreign deals while my father was the president and I didn't get any credit for it. So I'm not going to do it now. Yeah, they're not going to limit. They've already said out loud they are not going to limit. Not only are they not going to limit, they are going into overdrive. To cut deals with foreign powers who want to do business with the president. Right? The president is transactional. Our President Trump is transactional. Trump is commercial. All he's looking to do every minute, from when he brushes his teeth in the morning to when his head hits the pillow in his separate bedroom from Melania, all he wants to do is make money. Not increase our national security, which he's constantly undermining. Not increase our personal wealth as a nation, or your individual wealth, or your kitchen table or pocketbook or wallet issues. That's not what his concern is. His concern is how does he leave office? Like any kleptocracy, like any oligarch, how does he leave office with billions of dollars better off in wealth transfer than when he entered office? That's what we're watching. I mean, we're. How many weeks into this administration are we? Three weeks in, he's made $200 million. Do the math. I said that he's going to be indicted three to 4,000 times before. I'm sorry, let me rephrase that. He stays in the podcast. I said that he is going to be have three to 4,000 lawsuits against this administration for the constitutional crises and lurching from one crisis to the next and power grabs and abuse of power that is on full display with this administration. We're already there. We're averaging almost three lawsuits a day. We have 68 lawsuits in 20 days and 21 or 22 days. Okay, so we're gonna get to my 3,000 to 4,000 number. And right now, the attorneys general, the public interest groups, are winning at a rate of about 95%. These lawsuits. The first administration, it was 80%. Now it's up to 95%. Because the more Donald Trump does, the more unhinged he is. The more he doesn't color within the lines of appropriate executive orders, the more we have Constitutional Administrative Procedure Act, First Amendment, other types of violations that are as apparent as that are as clear as the nose on anyone's face when they go into federal court. That's why he's losing. He's not losing because these judges are corrupt. When did they become corrupt? When they were appointed? When they were vetted and appointed by the Senate? When they. When they handled hundreds of or tens of thousands of other cases that didn't have Trump's name in it. Now suddenly they're corrupt because they were appointed by a different party. They should be impeached. Who's going to impeach them? Who? Congress. Congress is going to impeach them, they've got a maga. Congress hasn't done a hundred nineteenth Congress might as well just put up a gone fishing sign because they haven't done a darn thing for the American people since they've gotten in. Yeah. So I'm going to continue to follow this. Let me leave you with this. We're three weeks in. $200 million wealth transfer to the Trump family since we've been in, including a $10 million payment by Elon Musk to Donald Trump, which is a pittance. Trump should have drove a harder bargain because look at the wealth transfer in favor of Elon Musk. Since he's gotten that position, he's doubled his wealth. He's almost worth $500 billion, $10 million. That's his dry cleaning money. Although he doesn't seem to wear nice clothes. That's his chump change. That's his money in his pocket. My grandfather used to call it folding money. That's his folding money. So, as you can see, I'm on the road, but this stuff keeps me up at night, puts my hair on fire. So I wanted to get right back here on the microphone and help everybody and help us speak truth to each other. I'm Michael Popak, Legal AF OG top eight in the world. Not because of me. I mean, I contribute because of you guys. Because of your involvement, your devotion, your interest in law and politics. Wednesdays and Saturdays at 8pm Eastern time, right here on this Midas Touch Network. There, we've gotten us to 4 million. You've gotten us to 4 million subscribers. And over. Let's help the other channel, the other pro democracy channel, collaboration with the Midas Touch Network, Legal AF, the YouTube channel, Legal AF MTN. Get to half a million by its half birthday. Yeah. And then one day, hopefully I'll be here in about two and a half years from now, I'll be telling you how Legal AF hit 4 million subscribers with all with your help. But until that time, I'm Michael Popak and I am reporting in collaboration with the Midas Touch Network. We just launched the Legal AF YouTube channel. Help us build this pro democracy channel where I'll be curating the top stories. The intersection of law and politics. Go to YouTube now and free subscribe @legalafmtn. That's legal. A FMTN.
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