Let me walk you through something real slow, because the second you understand it, your blood pressure is going to spike.
The President of the United States posts on Truth Social. Tariffs. War updates. Economic policy. Stuff that moves markets by the billions the second it hits the screen. Karoline Leavitt, his own press secretary, stood at a podium in February and confirmed those posts are official administration policy. “When you see it on Truth Social, you know it’s directly from President Trump,” she said. His own Justice Department has argued in court that his social media posts are official presidential statements.
So those are government statements. Your government. Mine. Ours.
Now here’s the part they were hoping you’d miss. On August 1, Trump’s company started selling something called Truth API. For up to $100,000 a month, paying clients get those posts instantly, before they show up on the public feed. Before you see them. Before your retirement account can react. Ten customers have already signed up, most paying between $60,000 and $100,000 a month. Do the math on that. A million dollars a month, minimum, flowing into a company where the president owns a 41% stake through a trust his son controls.
Shealeah Craighead (Public domain) via Wikimedia CommonsAsk yourself who benefits. Not you. Not the guy with a 401(k) and a phone. The hedge funds. The institutional traders. The people who already have every advantage and just bought themselves one more. They get the president’s words before the president’s words reach the public. Wall Street gets the steering wheel, you get the taillights.
The Intercept and Freedom of the Press Foundation filed a lawsuit Wednesday in federal court in Manhattan calling it what it is. “This scheme is profoundly corrupt,” the complaint reads. “The President stands to gain financially by giving market-moving government information to those who are willing and able to pay his personal company.” They’re arguing First Amendment and Fifth Amendment violations. Equal access to public announcements. Due process. The whole constitutional toolkit.
And Trump’s company’s response? Interim CEO Kevin McGurn told investors that “licensed real-time public data through commercial APIs is a well-established business practice.” A spokesperson called the lawsuit left-wing activists “trying to wrongfully weaponize the courts to censor him again.”
Funny how every time someone points out a cash register where the Constitution is supposed to be, it’s suddenly censorship. Funny how the same people who spent four years screaming about draining the swamp are now running a toll booth on presidential communications and calling it free enterprise.
Gage Skidmore from Surprise, AZ, United States of America (CC BY-SA 2.0) via Wikimedia CommonsHere’s the detail that should make you chew on it for a while. The DOJ’s own website, right now, under a page titled “Misuse of Position and Government Resources,” says a government employee “may not use his official position, including information learned by virtue of his position, for his personal benefit or for the benefit of others.” That’s the rule for every federal worker in the country. A park ranger posts a sponsored link on her government Twitter, she gets fired. The president sells early access to market-moving policy announcements through his personal company for a hundred grand a month, and we’re told it’s a well-established business practice.
Elizabeth Warren and Adam Schiff sent a letter to the SEC last month asking whether this violates securities laws. “This appears to be an outrageous abuse of the President’s office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders,” they wrote. For once, they’re not wrong. But ask yourself why it took a lawsuit from outside groups to force the conversation. Where was the SEC? Where was Congress? Where was anyone whose job is supposedly to stop exactly this?
The establishment doesn’t police itself. It never has. Every now and then somebody files a lawsuit and the machinery lurches into motion like it just woke up. But the deal was already done. Ten customers. A million a month. The information already flowed. The trades already happened. The little guy already ate the loss.
That’s not a bug. That’s the whole product.