Revolutionize the world of finance!

Wie alle bodenständigen, von den Banken ausgequetschte Amerikaner lieben die Trumps es, auf dem eigenen Platz Golf zu spielen. Bild von "Trump White House Archived" via flickr.com, LIzenz: Öffentliche Domäne

Donald Trump’s Son, Don Junior, Plans to Turn the Financial System Around with a DeFi Project. Not much is known about the project yet – but at least it now has a name.

We wrote about Donald Trump Junior’s potential DeFi project two weeks ago. Since then, we have gathered a few more details.

Donald Trump himself has commented on the project:

„For too long, the average American has been squeezed by the big banks and the financial elite. It’s time for us to rise up – together.“

In addition to this brief comment, we now have a name and a Telegram group. The name is „The DeFiant One,“ a wordplay between „deviant“ – diverging, irregular, defiant – and DeFi, which stands for decentralized finance.

The Telegram group is titled „World Liberty Financial.“ The „only official Telegram channel for the Trump DeFi project“ has been active since mid-August. It urges the community to „let us shape the future of finance together. Be DeFiant.“

Additionally, the channel posted a message from Donald Trump Junior three days ago. In it, he complains that the „crooked“ banks and financial institutions „manipulate the system against ordinary Americans.“ They „exclude people, deny them loans, drown them in paperwork, and destroy them with legal and operational fees.“

The Trump family has experienced this firsthand. „We were de-banked, de-platformed, and subjected to every conceivable political game. These banks and the elite who run them want absolute control. But that ends now!“

With „The DeFiant One,“ the Trumps aim to „Make Finance Great Again“ by „putting the power back in YOUR hands.“ The platform will „eliminate the corrupt, expensive, and inefficient middlemen. No bureaucrats will decide your fate anymore.“

Such statements from someone like Donald Trump Junior are not very credible. The eldest son of Donald Trump heads the „The Trump Organization,“ which belongs to Donald Trump himself. It was founded back in the 1920s, growing by building single-family homes in New York with the help of government subsidies. After World War II, the Trump Organization built homes for US soldiers, exploiting generous government fundings.

Donald Trump took over the organization in 1971. The company now owns hotels, golf courses, office buildings, luxury real estate, and vineyards in the US and globally. Since around 2000, the organization has been investigated for insurance fraud, bank fraud, tax evasion, and falsifying financial statements.

Few companies in the US have borrowed as much money from banks, even under questionable conditions, and collected as many government subsidies to build a real estate empire. That the CEO of The Trump Organization, Don Junior, now pretends to represent the common man against the elite is grotesque – but that doesn’t mean something good can’t come from it.