Or, Merely An Embarrassment
If you're allergic to the Big Orange Oaf Himself, you might want to skip this Intro, as I'm going to detail some of his financial data and casually insult him along the way. This Intro has been sitting and percolating a while, as it involves reportage from 'The Daily Beast' and MSN. Art!
For your information, that's an atomic-powered lava bidet. Only for those constitutionally able to lave themselves with molten rock before breakfast. Because cryptocurrency is not visually appealing, and that's the direction we're heading in. Art!
Yes yes yes, we put this up yesteryon, once again, whose blog is it? It's not like you have to pay to read this scrivel.
ANYWAY this is the stock price of the laughably-named 'Trump Media And Technology Corp' which consists exclusively of 'Truth Social' and nothing else. This platform is where the spiteful, petty seven-year old trapped in a seventy-nine year old body vents his spleen to the world. Art!
That's the 1 Year profile of the stock price. Note that it got a boost when Fat Caligula got back into the White House but it now worth about a quarter of what it was worth then, with no signs of recovery. Well done all the suckers who bought this stock expecting to get rich!
Normally, a collapse in share price like this would cause panic amongst investors, who would look to be unloading their stock before it tanked to pennies per share. Not for Dozy Donold! because he and his clan have instead found another cash cow to milk: cryptocurrency. Art!
The thing to remember about The Nodfather is that he is not only incredibly greedy, he's also incredibly stupid, at least nine on a ten scale of Covfefes. To him, crypto is free magic money that appears from nowhere, is very hard to trace and once acquired cannot be grabbed back.
Well, by now you ought to know the editorial board at BOOUM!'s attitude towards crytpo: it's a scamble. Look no further than our articles on FTX and their crime-spree fuelled by crypto. Allow me to boost the Word Count and add in a little description from teh Interwebz.
Cryptocurrency itself is a legitimate technology, but it is a vehicle for a high volume of sophisticated scams, making it a very risky area. U.S. federal agencies report that investment scams involving cryptocurrency consistently result in billions of dollars in losses annually and are ranked as the riskiest type of fraud
For the last full year of financial data, 2023, the FBI stated that investors were scammed out of $5.6 billion in a variety of crypto-swindling schemes, which ought to make one pause to consider before investing.
Not that I'm suggesting 'World Liberty Finance', the Trump cryptocurrency, is a scam, merely that Agent Orange saw dollar signs associated with the crypto and grabbed with both hands, neglecting the inherent risks in this business. Art!
You may recall that Donold was valued at $2.5 billion, mostly tied up in property, which, thanks to his Magic Free Money-Making scamble, was boosted to $7.7 billion.
However - a word you positively knew was going to turn up in an Intro to do with crypto - the cryptocurrency market is nothing if not volatile. Bitcoin, the <ahem> gold standard of crypto, has fallen 25% in value since October. So has WLF's value, leading to DJ Tango losing $1 billion in total, though not all from his crypto scamble. Art!
There was also his 'memecoin'. To repeat a quote from above, Well done all the suckers who bought this guff expecting to get rich! since they are now worth 10% of what they were issued at. His 'wife' Melania also issued a memecon - sorry, memecoin - that's now worth 1% of what people paid for at issue. Well done all the suckers who bought this guff expecting to get rich! Art?
The Paint Licker and the Coke Head
Eric Trump, head of American Bitcoin Corp - these chumps cannot get enough crypto, can they? - found out what 'volatility in the cryptocurrency market' means and then some. He heads ABTC. dubbed a 'mining' company, which managed to lose 39% of it's value - in a few minutes. Setting a record, just not in the way he expected.
To sum DJ Tango's crypto ventures and boost the Word Count, here's a Law Professor's verdict:
'The Trump presidency has been a double edged sword for legitimacy,' Professor Allen told Bloomberg. 'Trump started launching his own crypto projects, many of which lost value very quickly. If the goal was to achieve legitimacy through the Trump family, that's not helped.'
3/10 must try harder.
More Of TANK
I have a couple of pictures from the last tranche I took from 'Charley's War' which I'm going to put up now, before I take another whole load of photos and put them up. I bet you can hardly wait. Art!
Yes, this is Pat Mills hitting it spot on in terms of accuracy. No, the tanks of First Unpleasantness vintage did not have radios, which were the size of a wardrobe and full of delicate vacuum valves. Heaven only knows what effect the concussion of an artillery piece firing would have on fragile valves.
SO! Tanks would signal each other via semaphore arms or flags, but to communicate with rear echelons required a messenger pigeon, which would probably be delighted at getting out of the tank's confines. Art!
We're concentrating on the background picture here, that of the two tanks firing at the church steeple. Poetic licence, one suspects, as it would be difficult to coordinate firing between two tanks in the front lines. Blowing up the steeple would be standard practice, not out of sacrilegious intent, but because, as here, Teuton artillery spotters would set up in the highest structure available to them. With them out of the way any artillery fire would be done 'from the map' and accordingly inaccurate.
How Very Boring
More of the 'Discover Tech US' montage of disastrous mistakes or mishaps caused by human error. This first one is pretty subtle and I missed it first time round. Art!
The chaps clustered around the bore hole are working on an oil well, a high pressure environment when time is very, very valuable. Anything that slows or stops the drilling process ends up being extremely costly. Art!
An 'Oooops!' moment. Lest ye be unaware, this is not how you drill for oil. Or anything. That dropped section of pipe is known in the trade as a 'fish', and this happens often enough that there are tools and procedures to recover the fish. Art!
These are 'Overshots' that are sent down the borehole to latch onto and recover the fish. The drillers might also have to send down a remote camera to exactly locate the fish and it's orientation. All of which takes time and costs money, meaning Billy Butterfingers would be collecting his pay to date and leaving the well by home-time.
Another Gentle Shoeing
We once again tackle 'Tank Encyclopedia' and their idiot sub-editor who writes captions for their items that end up on news feeds. Art!
<heavy sigh>
What they're talking about here is another example of Teuton engineering over-design and gigantomania combined, in the Ferdinand (later re-named 'Elefant') self-propelled gun. NOT tank. Art!
They made 91 of these beasts, using spare chassis from a failed Tiger design. It incorporated petrol-electric engines to drive each track, novel technology which frequently broke down. When broken down, a single Ferdinand required five Bergepanzer recovery vehicles, since it tipped the scales at 65 tons. Those engines I mentioned? Mounted squarely in middle of the hull. Which meant the driver and assistant driver were completely cut off from the others, in the rear, and only able to communicate via intercom. Another absence was a bow-mounted machine gun, meaning any prowling Sinister infantry were in luck. Again, a tank with a turret and a co-axial machine gun could have rotated turret and engaged but the Ferdinand WAS NOT A TANK.
Finally -
Just to twit this bafune:
Check out that date. Art!
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