Just dropping some background information to help people make sense of things in the nomination world of businessman and President-Elect Donald Trump.
FINANCIAL TIMES – […] Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, the Financial Times reported on Monday, citing two people with knowledge of the talks.
Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, skyrocketed more than 160% and were halted multiple times due to volatility. Trump Media shares ended the day up 16.7%.
[…] Trump Media and Bakkt ‒ whose former CEO, Kelly Loeffler, is now co-chair of Trump’s inauguration committee and married to Intercontinental Exchange CEO Jeffrey Sprecher ‒ did not immediately respond to requests for comment from USA TODAY. Intercontinental Exchange declined to comment.
A deal would help consolidate Trump’s involvement with an industry that he championed in the run-up to the U.S. presidential election. The president-elect has also launched a new crypto venture, World Liberty Financial.
“The only thing (Trump Media has) got going for them is the incoming president’s name. But the crypto crowd has backed the president quite strongly, and now they’re expecting a payoff,” said Jim Angel, a finance professor at Georgetown University in Washington, D.C. (read more)
As with everything in life, outside family, it helps to stay emotionally detached and clear-eyed about money motives.
Kelly Loeffler transferred ownership of Baakt. The crypto exchange Baakt is currently owned by the Intercontinental Exchange (ICE), owned by Loffler’s husband. If the report above is accurate, President Trump is in merger negotiations with Kelly Loeffler’s husband, Jeffrey Sprecher.
President Trump is a supporter of cryptocurrency.
So after reading some of the comments below, I decided that perhaps people may not realize just what Truth Social is all about. It isn’t just President Trump and a “chat app” that now is involved in cryptocurrencies that relies solely on the Trump brand.
https://ir.tmtgcorp.com/
This is the mission statement:
Trump Media & Technology Group (NASDAQ: DJT) (“TMTG”) is a social media and technology focused company whose mission is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.
Recently, Truth Social has brought in TV media Streaming I’m sure everyone noticed that during the campaign, much was made about President Trump pursuing alternative media outlets to get his message out. This was by design – skirting the hateful msm.
Devin Nunes is the CEO of Truth Social, and he is working to grow the company through the pursuit of competing with the main stream media corporations in the arena of not just the Truth Social app for chats, but all forms of media. (quite frankly, and selfishly, I hope to see all the msm corporations in bankruptcy, compliments of Titan Trump)
https://ir.tmtgcorp.com/news-events/press-releases/
I was thrilled to be able to acquire a few modest shares of the DJT stock over the summer, and wish I had invested more. However, given the growth of the company, and the additional media and technology services, it isn’t too late, so I will probably add even more to my portfolio.
Third quarter reported $672.9 million with no debt and plans to use this for rolling out Truth+ which is the streaming platform.
Titan Trump – this is how he is able to combat lawfare and not take a salary for doing the work of President. The man is a genius!
Good info…thanks!
Now that MSNBC is reportedly for sale, maybe Truth Social will purchase it! Wouldn’t that be sweet 😎
Elon got dibs
And they could remain anonymous throughout the transaction. After the sale is closed. Maddow, Reid, the Morning jokes and others all get their pink slips…signed DJT. It would be a beautiful thing!
so then it would be “the Mourning jokes”!
Trump reportedly asked Elon to buy it….
And then there is Elon Musks star-link. Deployed Worldwide, it promises to put Verizon, Comcast, etc. out of business, with faster service, no disruptions, and I’m thinking no censorship, which has TPTB pretty well terrified.
While we are focusedon nominations, seems lime there is a very complicated dance going on, and its Iceberg territory, with 90 % of it below the surface.
Its hard, holding my breath till Jan 6, 2025, and then again until Jan 20, 2025 (the day before my 70th birthday!).
I really can’t see them allowing him back into the oval, forget about his ‘team’.
There are so many different fronts to this war, and so many ways PDJT, once in, can ddstroy them.
Happy Early Birthday, Dutchman! I will be 70 December 14th! We have a great generation that needs to continue to give back by continuing to contribute, in big and small ways. President Trump sets a good example. There are a lot of smoke and mirrors type of stuff I think is going on…don’t know a lot, but I sense all of this as you stated above: I have faith!
It’s my 70th today…
Is t the stock worth only $30 now when it was over 70 initially?
Yes…It dropped severely due to questionable short sale activity right before the Butler shooting event.
The SEC is investigating how millions of shares were shorted without proper assets, or something to that effect.
Hopefully the new SEC person will find out and those shareholders who lost money will be made whole.
There was also a huge sell off by one fo the principal investors, Mr. Orlando, who dumped a lot of shares after he won his court case about being owed more shares. The company went public this year and has been volatile for many reasons, but mainly because Trump is involved and forces on Wall Street want to destroy him and crash the stock. Since he won they are now in the hot seat and the tables will turn on them.
Wonder if this goes hand in hand with this news???
https://www.nytimes.com/2024/11/21/business/trump-media-crypto-payment-service.html
Every time the internet goes down I am glad I have cash. Keep that in mind about crypto. No internet. No money available when you might need it the most.
True, but our “elite betters” plan is to take away our cash.
“Elite Leaders”, it is Leaders.
My suggestion? “Elite wannabe rulers”.
Silver, gold and food.
Don’t forget the lead.
Stock up on beer, wine and other drinks so that you can bargain with it.
Tuna, Tequila and Toilet paper. 😉
Add ammo to that list…
Our folks in western North Carolina found out that hard truth.
Even if the internet goes down, it won’t be forever. The world is addicted to it. The bad guys included.
Question…..with a preface….
In another post Sundance expressed his concerns about “The People Behind Donald Trump” and the company “Palantir”, found here:
https://theconservativetreehouse.com/blog/2024/11/20/contemplating-the-next-fbi-director/
QUOTE:
”When AI search and filter capability is merged with the NSA metadata, then add fractal computing power and imagine the search results. It is only a matter of time before an Obama-type administration take power again. What will that merged system look like when weaponized?”
.
So….
I see many comment here about PDJT also supporting crypto.
So I ask what Sundance asked:
It is only a matter of time before an Obama-type administration take power again. What will that system look like when weaponized (against us)….
….and who as well as what is going to prevent that weaponization??
Crypto as implemented by the Central Banks (CBDC) will absolutely be used as a weapon – a form of financial slavery – by its very architecture.
Decentralized cryptocurecny (blockchained), if kept out of the hands of the central bankers is decentralized – freedom.
This is where the tech oligarchs come into play and why the alliance with the crypto industry was central to Trumps campaign. Some we may be able to trust – others not.
The scary thing is if the Trump administration is the one who will weaponize the system against us. Obviously President Trump is for the technocrats taking over us body and soul, i.e.. Thiel, Musk and Vance.
Come Lord Jesus and night shall be no more.
Nobody who enjoyed Lord of the Rings is going to be comfortable being on the same side as a company named Palantir.
Guns.
Keep in mind that Trump promised us there would be no Central Bank Digital Currency. The danger posed with it is not that it is digital currency but that it is a built upon centralized transactions. Every thing goes through the Central Bank – our financial slave masters.
Crypotocurrency is based upon a decentralized transaction model. No Central Bank needed. Imagine the world without Central Banks, Central bankers and those who control all the Gold. What is keeping Crypto from making the Central Bankers obsolete are governmental regulations around fiat currencies – the chokehold the Central Bankers have on us.
Much is playing out here. Imagine how this changes without the Reserve….
Yes, part of these dealings is to combat the totalitarian fascist control of our lives through digital transactions and social credits.
What is decentralized can be centralized at a later time.
The goal….right now…..is not crypto, per se.
The goal is getting people psychologically detached from physical currency and comfortable with the idea of having no physical currency.
Something that has never happened in all of human history.
”…so that no man, rich or poor, free or bond, can buy or sell without the mark of the beast….”
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“It is only a matter of time before an Obama-type administration take power again. What will that system look like when weaponized (against us)?”
-Sundance
It is not the digital part that is the problem – it is the centrlaized transactions.
Today everything financial is already digitized. Our employer puts bits in our local bank on payday. We use credit cards to digitize purchases and they pay the balance by moving bits from our bank the the CC companies computers. Heck even hand written checks are digitized on our phones and deposited as bits. All transactions are finalized in massive computer sysytems with the IRS and Deepstae looking on. It is that central clearing house where CBCD intends to control us.
Crypto/Blockchains make the these transaction distributed with no need for a central clearing house.
Right now decentralized crypto transaction are complelting worldwide on a massive scale. They end up being forced to report thorugh central bank and government regualtory firewalls. Break them up – once they are obsolete we will never return.
Those crypto transactions account for about 0.2% of transactions. That is not very massive.
The Fed is painted as the monster when in fact the monster is the over spending by Congress. The Fed did not make the debt, Congress did.
How does one secure digital transactions online? What are 2FA or Yubikeys but digital identification in chip form? How long until Identity verification devices are required to be implanted(forehead or wrist), as biometric identifiers are no longer secure enough based on their wide use and AI computing power…
The logo present on the back of popular computing devices?
An apple with a single bite? Coincidence…or a thinly veiled warning…
And again, star link threatens the whole current internet support structure, AND so the deep State with all of their backdoors and censoring, are cut out of the loop.
And THAT may be what keeps it from being weoponised against us.
Also, not sure its inevitable there will be another Obama type admin.
I think PDJT may shatter that model, and scatter the dust.
Starlink data streams AFAIK still have to go thorugh internet backbones. But yes, the backdoors must go. Repeal the Patriot Act. Restore the 4th Amendment. Get a damn warrant in open court you sneaky bastards. Any entity who gives the cops access to our data without a warrant gets sued into oblivion.
“Also, not sure its inevitable there will be another Obama type admin.”
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”All things are wearisome, more than one can say. The eye never has enough of seeing, nor the ear its fill of hearing. What has been will be again, what has been done will be done again; there is nothing new under the sun.”
Ecclesiastes 1:8-9
This is competition for the CBDC – Central Bank Digital Currency – Sauron money.
Bakkt is reportedly being acquired by Truth Social and not the other way around. Loeffler and husband are being acquired and controlled, not the other way around. 4D or is it 5D or 6D chess?
So Loeffler got the Agro position to stump on Kennedy and in exchange gave Trump the Crypto exchange?
Trump gains $100s millions and the Loefflers and Co get the Agro billions?
Did I get it wrong?
I’m not liking things much these last few days… I’m not a Trust the Plan guy.
Blockchains are not only useful for decentalizing banking transcactions, they could change the face Agriculture as well,
Blockchains can be outlawed at a future date.
What is KEY is getting people accustomed to never using physical currency….something already well underway. Crypto is merely the next step in this process.
”Who needs physical currency?” is the snide, sarcastic question they want everyone asking.
No reason to get rid of cash in either model – although the CBDC will inevitably mandate the end of cash. Decentralized crypto currency is based on a cash person-to-person model. If you want to buy my watch, I hand you the watch while you hand me the cash. Transaction complete and irreversible. Blockchains are built upon a similar model.
I understand that.
You appear to be overlooking my point regarding the PSYCHOLOGY at play.
Cash can be outlawed at a later date. What is decentralized today can be centralized at a later date.
The printing and accounting of physical cash costs the world billions, annually. THAT will be the argument for outlawing physical cash (currency) in the future, right along with (importantly!) “besides, no one uses it anymore”.
Just as important to understanding all of this is a firm belief in Christ and biblical prophesy.
Physical currency makes it IMPOSSIBLE for a system of control whereby “no man, rich or poor, free or bond, can buy or sell”.
Digitized currency, does.
It is THAT simple.
Truth…plainly and clearly written…Bravo!
Digital slavery, pure and simple
Yet I deliberately use cash every day at Walmart and Hannaford to buy supplies and groceries. I tip only with cash. Everyone else should make a practice of using cash more. It’s actually easier.
Better the Loefflers than Bill Gates?
No!! Bad is bad. Both carpetbaggers, Loeffler and hubs, are dirty up to their chinny, chin-chins. IIRC, she/they bollocked the GA Congressional senator race in 2020 bc they already had Kowtow Kemp in their pocket. She and Pence were involved is sabotaging Trump in the 2020 steal on J6. She got up and pissed on Trump again, saying she could not vote for a man like Trump after what had happened at the Capitol that day. The ultimate humiliation came when, at the exact same time Trump was stumping for her sorry a** run-off in Ringgold, GA, she and hubs released a scathing, derogatory statement about Trump to the national media. Despite all that, she is on Trump’s transition team?!? Smells to the highest heaven. Integrity is a small commodity any more.
If we are being honest, this stinks to high heaven. If if weren’t Trump behind all this everyone on this site would be screaming about the quid pro quo of this deal.
I’m fine knowing that while riding on the Trump Train, the Money Train is being pulled right along too.
Which might very well wind up being what derails the entire thing, as far as the good Lord is concerned.
We have implored him to save our beloved Republic, and thrown our efforts…and prayers…behind a man who has promised to restore it. For We, the People, and the principals we hold dear.
NOT for the money. Either his own, nor ours.
It is for our LIBERTY, and our rights and protections to worship God unhindered and unmolested….NOT for the profits to be had.
If we lose sight of this….and we almost have….we, and our children, and their children, will lose everything.
Your point is understood and I haven’t lost sight of the prize…Freedom rides next to me in the engine car…the money car only provides the basic sustenance and fuel we need to finish the trip.
God is there to show us the way and I feel blessed to be on this historic journey for our nation.
1776 2.0!
Buckle up for an insufferable SEC/IRS/ABC/XYZ investigation for the next four years… they’ll find SOMETHING to bitch about… *eyeroll emoji*…
And this… “The only thing (Trump Media has) got going for them is the incoming president’s name”… is about the dumbest thing I’ve heard all week… and I’ve heard a lot of dumb things this week, believe you me…
Fact: the “media”, as we’ve known it for decades is in complete disarray… the chess pieces are on the table. Joe Rogan, and other independent “influencers” and news/analysis/infortainment providers (Tucker, Megan Kelly, Jimmy Dore, Russell Brand, and a whole bunch of others) have a firm foothold in reshaping the media landscape. As we all know, “podcasts” — NOT “advertisements”, “60 Minutes interviews”, and the like — were amongst the top reasons for Trump’s 2024 win. And these podcasts are low-budget in 99.9% of cases, and HIGH VISIBILITY. Even Van Jones and the rest of the CNN nincompoops realize what happened.
So who’s to say Trump Media doesn’t come out toward the top of Media 2.0? Who’s to say Trump Media doesn’t buy Joe Rogan’s contract from Spotify? Who’s to say dot dot dot? There’s a lot of talent out there, and a lot of info and entertainment consumers… all it takes is a couple smart people with resources and a vision to take Media 2.0 forward…
Exactly, that is the trajectory I see too and always believed Trump needed his own media to get his message out. There was no other way for the masses to hear what he says without bypassing the media chokehold. Controlled debates, loaded questions, bias interviewers, what a disaster they call journalism and we have seen enough.
God willing, the jackals will back off and the new paradigm shift for news and opinion will develop. through Trump Media. Not just in our country, but around the world. The signs are good and the people are ready for massive change.
All stock acquisitions make sense with truth social stock being so insanely overvalued.
So much in media is about to change drastically. And I agree. DJT is genius. And hanging with Musk and the other highly intelligent people around him makes me more hopeful than I’ve been in a long while.
Here are the facts in simple terms: (a) Trump brought in Loeffler to run AG (presumably in return for) this Bakkt+TMTG (DJT) deal that benefits Trump personally because he owns 57% of the company without having an active role in its management. (B) Loeffler is 180 degrees away from MAGA and (c) Loeffler is the current owner of Bakkt.
So, is it too much of a stretch to think a large portion of the Bakkt value appreciation in the near term may be driven by Ag industry or affiliated purchases of Bakkt/TMTG stock or some other payoff?
When the currency of a brand is honesty, these types of deals stink of the old style pay for play politics.
I hope I’m wrong, but the optics of this is terrible.
Considering it is agriculture we can call this a bit of quid pro hoe; Big Farma for services rendered.
She reminds of the bendable Gumby toy, you can twist and bend it into any pose you like.
I am deeply into bitcoin with an exchange account at Swan Bitcoin. Bakkt just became Swan’s new custodian and market maker. Don’t know much about Bakkt other than their market making spread is too high. Just another greed merchant in the tradfi shark tank.