June 2, 2026
“Power corrupts, and absolute power corrupts absolutely.” Lord Acton
Before I catalog the vast amount of corruption that is endemic to the Trump administration, which is exhausting, and I get accused again of having Deranged Trump Syndrome, I am going to give to my friends on the right Hunter Biden. Hunter Biden served on the board of a Ukrainian energy company called Burisma. Clearly, had his last name been Smith or Jones, he wouldn’t have made it into the boardroom. Even though several Republican led Congressional committees couldn’t find anything that Joe Biden had done wrong, it wasn’t a good look. Hunter Biden pulled down a salary, and Joe Biden gained nothing. With the benefit of hindsight, I think you might find this “scheme” quaint for its lack of size, originality, and illegality.
And while we are it, let’s deal with the other gorilla in the room. Nancy Pelosi’s household disclosed roughly $59 million in trades over three years. The trades, executed by her husband, did extremely well. President Donald Trump disclosed up to $750 million in trades in 90 days. The U.S. Office of Government Ethics released Trump’s personal financial activity from January through March 2026. The reports document more than 3,600 individual securities transactions in 90 days — roughly 40 to 60 trades per market day. Trades included many companies that Trump had either personal dealings with or were subject to government influence, companies like Nvidia, Apple, Microsoft, Oracle, Intel, Amazon, Meta and Paramount.
The “Trump slush fund,” officially called the Anti-Weaponization Fund, is a $1.8 billion taxpayer-backed pool of money. It was established through a settlement with the Department of Justice to resolve President Trump’s $10 billion lawsuit against the IRS over the leak of his tax returns. The fund is designed to provide payouts to individuals who claim they were victims of political persecution or overreach by the federal government, specifically under the Biden and Obama administrations. Concerns have been raised that the money will be used to reward political allies, such as the January 6 rioters. Former Vice President Mike Pence and others have called the fund “deeply offensive,” while Senate Minority Leader Chuck Schumer has described it as a “corrupt scheme”. The White House recently signaled a retreat on its “anti-weaponization” fund. A federal judge directed the government to temporarily halt work on the nearly $1.8 billion fund, and the Justice Department said it would abide by the order. Trump said he would not give up his immunity from IRS audits.
Donald Trump and his family have amassed hundreds of millions in cash and billions in paper wealth from their crypto venture, World Liberty Financial (WLF). Donald Trump’s entry into cryptocurrency through his personal $TRUMP meme coin and his family-run crypto platform World Liberty Financial (WLF) has drawn heavy criticism from ethics watchdogs, congressional investigators, and legal scholars, who characterize these ventures as unprecedented vehicles for presidential self-dealing, pay-to-play politics, and foreign influence.
Retail investors saw the value of the token collapse by roughly 90% from its all-time high, losing billions collectively. In May 2025, Trump hosted an exclusive dinner at his Virginia golf club for the top 220 holders of the $TRUMP coin, who spent an average of $1.8 million each to qualify. Foreign nationals, who are legally barred from contributing to U.S. political campaigns, bought massive amounts of the token to effectively buy goodwill and access to the Trump administration.
Chinese-born crypto billionaire Justin Sun invested $75 million into World Liberty Financial. Shortly after, the SEC abruptly paused its multi-year civil fraud investigation against Sun, and Sun was subsequently granted a spot at Trump’s exclusive investor dinner. A fund backed by the United Arab Emirates (UAE) purchased a 49% stake in a WLF-affiliated venture, funneling $187 million to the Trump family. WLF partnered with Binance to facilitate a $2 billion investment via its stablecoin, despite Binance having previously pleaded guilty to U.S. anti-money laundering and sanctions violations involving Iran.
Trump used his executive powers to boost his personal portfolio. Trump announced the creation of a U.S. Strategic Crypto Reserve. This policy declaration immediately caused market surges in the exact crypto assets held by WLF and Trump insiders. Trump dissolved Biden-era crypto enforcement task forces, effectively shutting down investigations into the very marketplace he was actively profiting from.
Trump abuses the use of executive clemency. He routinely pardons political allies, wealthy donors, and controversial figures in exchange for financial or political support. I have made my opinion known about the ballroom in a previous column. There is not enough space to discuss Trump watches. Now I ask, who is deranged?