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Author Topic: Trump unbanked. Trump needs Bitcoin!  (Read 202 times)
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January 12, 2021, 06:58:06 PM
Merited by Evilish (3), theymos (2), Vod (1), icopress (1)
 #1

Even though I am poor, I offer to send a modest amount of Bitcoin to Trump if there is an authenticated way to do so.  Furthermore, because I am guessing that Trump himself probably has no idea how to use Bitcoin (in the “not your keys, not your coins” sense), I offer free consulting services if he contacts me:  I will tutor him on how to avoid financial censorship, set him up with his own “Be Your Own Bank” private wallet, and send him some coin to get him started.  Of course, the likelihood is negligible; but I damn well mean it!

Bitcoin was made for this:


And now, I officially support Trump.*  The banks have closed the business and personal accounts of the President of the United States.  This is undoubtedly the single biggest case of financial censorship in living memory—and one of the worst-ever cases of financial censorship, period.

It is an historic moment.  Either you are a willing slave of the banks, or you oppose their tyranny—there is no middle ground.

Counting down before some idiot says that the banks are “private” institutions, and you can just start your own bank if you don’t like them...  That will be the nadir of self-parodying bad arguments on Satoshi’s forum.


* As long as he doesn’t do any more of the things that I have always despised.  Which was, in large part, tweeting big-talk promises that I correctly predicted he would not keep.  He can’t do that anymore, now can he.  —Oh, and as long as he doesn’t cave in to pressure and cry to the banks for them to like him again.

Local rules.  Note:  I may move this to Bitcoin Discussion; it is fully on-topic there, too.

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January 12, 2021, 06:58:27 PM
Last edit: January 13, 2021, 02:10:27 PM by nullius
 #2

Cross-reference:  What could this mean for Bitcoin?

This thread is about Trump himself.  There are two sides to this coin.


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January 13, 2021, 12:07:41 PM
 #3

trump has managed to syphon away atleast $150m of funds while president. he is not poor.
yes he funnels it away to banks across the world. but if you think deutsche is his sole vault. .. its not
they wrote him a check/bank transfer to take his money elsewhere. he has not lost it.

dont have sympathy for him. changing banks is a monthly-yearly norm for him.
rich people dont hoard funds in any country for more than 6 months.

same as being legally a 'resident' if you live in a country for 6months+.
the secret is to have 3 'vacation homes' and spend only 4 months in each to avoid the burdens of residency
oh and your 'income' wherever you live goes to a tax haven not the bank account where you are currently have a vacation.

bitcoin is a tax haven. but exiting out of that tax haven back into fiat is harder to play than the way the rich guys hoard their fiat

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January 13, 2021, 01:27:11 PM
Merited by Foxpup (1)
 #4

If you oppose tyranny you probably shouldn't be supporting Trump.  In case you haven't heard, he just tried to overthrow the government to stay in power ever since he lost the election.

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January 13, 2021, 02:07:18 PM
 #5

Cross-reference:  Active discussion of what this could mean for Bitcoin.  This thread is about Trump himself.  There are two sides to this coin.




franky1, I didn’t say that Trump was poor:  I said that I am.  Nonetheless, I would like to be able to say that I gave something to support this high-profile victim of censorship.  A little donation would be largely symbolic from his perspective, even if it’s a significant amount to me.

Obviously, I mean Bitcoin only.  I don’t do American dollars—I am not inclined to try to get any—and Trump currently seems to have no good means of receiving them, anyway!  (I didn’t mention here, Stripe.com deplatformed his campaign right before DB cut ties with his business, and Signature unbanked him personally.)

Even better, as I said, would be if I could help him get his own private wallet set up—preferably, his own full node.  Sending new Bitcoiners some starter coin is an old tradition, which fell into desuetude after Bitcoin gained significant market value; I think that it would be warranted here.

As I said, I don’t realistically expect for that to happen.  But I mean it sincerely.  I want to get Trump up and running with Bitcoin!

trump has managed to syphon away atleast $150m of funds while president. he is not poor.
yes he funnels it away to banks across the world. but if you think deutsche is his sole vault. .. its not
they wrote him a check/bank transfer to take his money elsewhere. he has not lost it.

Incomprehensibly vague accusations—this isn’t going very well...  Anyway, I didn’t say that they seized his money.  I said that they unbanked him.  Given the way that society is set up to make everyone dependent on banks, losing one’s personal bank accounts can be dreadfully burdensome—and for a business to lose its banking can be fatal.

dont have sympathy for him. changing banks is a monthly-yearly norm for him.

Say what!?  Although I don’t know Trump’s private finances, the news article that I linked says that Signature has been his family’s bank for a long time, and implies the same about DB and his business.  I also recall having heard much about Trump and DB in the past, but I don’t feel like digging up the information just to make the point.

I think that you are making this up as you go along.

rich people dont hoard funds in any country for more than 6 months.

same as being legally a 'resident' if you live in a country for 6months+.
the secret is to have 3 'vacation homes' and spend only 4 months in each to avoid the burdens of residency
oh and your 'income' wherever you live goes to a tax haven not the bank account where you are currently have a vacation.

Now, you are way off in liar FUD territory—and off-topic.

Trump is an American.  The United States is one of only two countries in the world so tyrannical as to charge its citizens income tax regardless of residency.  Expats who have lived and worked outside the U.S. for decades are still expected to pay taxes to the IRS every year, lest they be guilty of a “crime” that is prosecuted with lethal seriousness.  The tax savings scheme that you describe will not work for Americans.  And Trump has obviously been residing in America for the past four years as its President; to my understanding, he has consistently resided there for decades, probably for his whole life.


If you oppose tyranny you probably shouldn't be supporting Trump.  In case you haven't heard, he just tried to overthrow the government to stay in power ever since he lost the election.

That’s a straight-up lie, and a facial absurdity only believed by people so blinded by hatred of Trump that they will lap up any swill dished out by the liar-media.

So, I guess you approve of banks subverting and usurping the U.S. government by applying coercive economic pressure to the President of the United States, with explicit demands that he resign.  That’s not a “conspiracy theory”:  They just did it, in broad daylight and in the headlines.

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January 13, 2021, 02:20:48 PM
Merited by suchmoon (4)
 #6

If you oppose tyranny you probably shouldn't be supporting Trump.  In case you haven't heard, he just tried to overthrow the government to stay in power ever since he lost the election.

That’s a straight-up lie, and a facial absurdity only believed by people so blinded by hatred of Trump that they will lap up any swill dished out by the liar-media.

Where do you recommend I keep up to date on current events if not the media?

Is everything I've seen Trump say or tweet fake?  

Because I saw him inviting his fans to come to DC on Jan 6th to stop congress from certifying the election he lost.  He told them it would huge and wild and the country needed them.

I saw him on stage telling them that in the building across the street, they were trying to get away with a massive fraud and they should be great patriots and go over there, be strong and stop them.  (He said he would be going with them, but then he just went home.)

And I saw them storm the capital.

What really happened if not this?

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January 13, 2021, 04:03:44 PM
 #7

Is everything I've seen Trump say or tweet fake?

The word I'd use is gnomic...




Based on the above—and I'm assuming quite reasonably that 'air' is a typo, and should read 'hair'—Trump is a big fan of bitcoin.
He's undeniably volatile and has thin hair: he's equating himself to crypto.

And then he doubles down on this in the next sentence. 'Assets' is another characteristic typo, and should read 'asses'. Asses facilitating unlawful behavior is obviously an oblique reference to his proxy-storming of the Capitol.






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January 13, 2021, 04:09:42 PM
 #8

although I don't like banks and many governments because they are dictators and steal money from the poor, in the case of the USA the elections were fair, trump did not present evidence of fraud. trump did not know how to manage the pandemic issue, for several times it appears without a mask. I don't live in the USA, but I think Biden is the best option at the moment to be able to contain the pandemic in the USA... if Trump had won it would be more disastrous.

What Trump should do is be democratic and accept defeat! Obama was in possession of trump, why doesn't he follow suit and do the same thing? what Trump is doing is what African leaders have been doing for years, and the African people no longer even know what to do to remove leaders who do not want to leave power and when they lose, resort to war and violence.

Trump is behaving just like African dictators

unfortunately to spend bitcoin in the real world people needs to use the damn banks, at least Is my case... just thinking about going to the bank I keep sweating all day. they ask a lot of questions, they make me stay more than 3 hours to be attended. bank Is a nightmare and can easily block account







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January 13, 2021, 05:15:18 PM
 #9

And since more then likely as of Jan 21st when he is no longer president the lawsuits are going to start rolling in it's, better for them not to be holding any of his money.
No frozen accounts, no dealing with having to distribute funds per government orders, etc.
Yes records will have to be given to people, bank employees will have to testify, etc. But no other financial issues. Except perhaps fines.
That's just good business. And they have the out of "we could not do this while he was still in office due to fear of reprisals"

-Dave

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January 13, 2021, 09:03:17 PM
 #10

franky1, I didn’t say that Trump was poor
if you think he needs money. then you imply he has none to afford his own efforts

trump has managed to syphon away atleast $150m of funds while president. he is not poor.
yes he funnels it away to banks across the world. but if you think deutsche is his sole vault. .. its not
they wrote him a check/bank transfer to take his money elsewhere. he has not lost it.

Incomprehensibly vague accusations—this isn’t going very well...  Anyway, I didn’t say that they seized his money.  I said that they unbanked him.  Given the way that society is set up to make everyone dependent on banks, losing one’s personal bank accounts can be dreadfully burdensome—and for a business to lose its banking can be fatal.
for normal working class/underclass its burdensome but as i said in previous post the rich get it easy. trump has accounts in many countries. he is not harmed by this in anyway. dont have sympathy for him. its a normal tuesday for him, no need to shed a tear.

I think that you are making this up as you go along.
or i just do more research for you. but then dont spoonfeed it to you. if there is any details you dont understand google can help you. lots of info available

rich people dont hoard funds in any country for more than 6 months.

same as being legally a 'resident' if you live in a country for 6months+.
the secret is to have 3 'vacation homes' and spend only 4 months in each to avoid the burdens of residency
oh and your 'income' wherever you live goes to a tax haven not the bank account where you are currently have a vacation.

Now, you are way off in liar FUD territory—and off-topic.

Trump is an American.  The United States is one of only two countries in the world so tyrannical as to charge its citizens income tax regardless of residency.  

the SECRET which it seems i must mention again
the SECRET is that rich people do this game. yes normal working class/underclasses dont know these tax avoidance techniques. and so when they apply them wrong they get caught as tax evaders.
but thats the difference between people like you vs trump.. he gets away with only paying under $800 although running businesses of millions and salaries of similar high amounts. becuase his 'businesses' are international. hense only a $800 tax bill on millions

a few years ago media highlighted hows some Uk football(soccer) players moved about to avoid tax. for instance move to spain. you can live there for 180 days before becoming a tax resident. and as long as you keep your money out of spanish banks you pay no tax at all (beckhams law)
great for rich people that can afford second/third homes and regular airline transport just for fun. but these loopholes are normally exclusive for those that can afford it. so shhh its a secret

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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January 14, 2021, 07:05:05 AM
 #11

And since more then likely as of Jan 21st when he is no longer president the lawsuits are going to start rolling in it's, better for them not to be holding any of his money.
No frozen accounts, no dealing with having to distribute funds per government orders, etc.
Yes records will have to be given to people, bank employees will have to testify, etc. But no other financial issues. Except perhaps fines.
That's just good business. And they have the out of "we could not do this while he was still in office due to fear of reprisals"

-Dave


+1 to this being the reason that banks are doing this.

Banks know that they have to comply with all of these requests ets, and it’s easier to push his accounts away from them rather then ensuring that their compliance teams aren’t spending every waking minute providing their paperwork to different state / federal / whoever the hell wants to investigate Trump from here on it.

In regards to him accepting Bitcoin/other Cryptos — I do think it is one of the best path forwards for him if more credit card processors say they don’t want to work with him and then he can’t process donations on his site.




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January 15, 2021, 12:19:08 PM
 #12

Banks are many times more fraudulent than Trump could ever think to be. Notice that it's only two banks. Trump plays the odds in everything, but he only plays odds that are favorable to him. Two banks closing him out, means that he has beaten their fraud, and that he will succeed with other banks.

If, as President, Trump were serious about doing good for the people, he would have seen to it that the Federal Reserve Bank was no longer the national Bank in America. He would have placed money control back in the Treasury. Maybe he was going to do this in his second term, and this is the real reason why almost all of Congress is fighting him so fiercely.

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January 15, 2021, 02:02:15 PM
 #13


Lol.  I think Rothschild Bank has Trump covered.  I wouldn't worry about the guy.

There is still and will be for some time a deeply conditioned rabid hatred for all things Trump among vast swaths of the population.  If they can get Bitcoin to be a 'thing Trump' than it will give that much more support to attacking it politically.  It's certainly going to happen and I've seen 'analysis' of how many BTC Fuentes got, for instance.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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