Crumbs the Cat

@crumbsthecat.bsky.social

I’m no economist, but inflation has fallen quite a bit since 2022. Inflation and prices are different measures that the public has a very hard time disambiguating, and news organizations ought to help on this point, not make things worse.

“Inflation falls for the first time in six years, as Fed Chairman
Warsh faces Congress“Warsh Congressional testimony
now underway
By Elisabeth Buchwald

Federal Reserve Chairman Kevin Warsh's first testimony before Congress since becoming the leader of the nation's central bank in May
is now underway. It comes just hours after the June Consumer Price Index report was released. The report showed that the significant fall in energy prices last month drove down annual inflation to 3.5%, from 4.2% in May. On a monthly basis, prices fell by 0.4%, the first one-month decline in six
years.

I’m snipping this for the next time some Harris hater snidely tells me the 2024 election was obviously “winnable”. Many people in this country might as well live in an alternate reality that is practically untouchable by messaging, at least until they are yanked back into the real world by events.

Screenshot of Reuters story: “It was January 2025, crypto fever was raging, and Donald J. Trump was preparing to return to the White House. So when Fatime Elrgdawy's friend told her about an online message from the U.S. president-elect hyping the launch of his own crypto coin - "GET YOUR $TRUMP NOW" - she
thought: "Oh my God, this is brilliant." If Trump was putting his name behind it, Elrgdawy recalls thinking, "it must be a legitimate
investment." The 29-year-old software project engineer in Santa Barbara, California, put $2,000 of her savings into the $TRUMP meme coin - a purely speculative crypto token whose value is often driven by social media hype. All that remained, she thought, was to sit back and wait for the price To climb.”
Molly White@molly.wiki · 2mo ago

Striking graphic in this latest Reuters piece, which finds that while President Trump and his family have profited by at least $2.3 billion since he retook the presidency, their more than a million investors have suffered $2.3 billion in net losses. www.reuters.com/investigatio...

How the Trump family earns from crypto
Trump crypto gains and investor losses from Nov. 2024 to April 2026

ALT5 Sigma

American Bitcoin

World Liberty Financial

$TRUMP meme coin

Trump gains

+$1.1 bln

Trump gains

+$616 mln

Trump gains

Trump gains

+$538 m

+$19 mln

-$674 mln

Investor losses

Investor losses

-$711 mln

Investor losses

-$675 mln

Investor losses

-$216 mln

How the Trump family earns

How the Trump family earns

How the Trump family earns

How the Trump family earns

At the time of the deal that created this Nasdaq-listed joint venture, partner Hut 8 Inc. bought World Liberty tokens. Eric Trump also got a stake in American Bitcoin, at no cost.

A company controlled by Donald Trump’s revocable trust is entitled to 75% of net revenue from token sales by World Liberty Financial.

Donald Trump licensed his name and image to a company called Celebration Cards LLC, which raised enormous sums selling the digital token.

The Nasdaq-listed company, recently renamed AI Financial Corp., raised money from investors to buy World Liberty Financial tokens.

Card graphic showing the crypto ventures of the Trump family, how they earned and how much they gained compared to investor losses from Nov. 2024 to April 2026.

Sources: Blockchain records, company statements and interviews
Prinz Magtulis | REUTERS

My only memory of Walker Texas Ranger (other than the theme song which is etched in my brain after hearing it maybe twice) is the episode in which the show does outright apologia for cockfighting on cultural heritage grounds.

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