Trump's Crypto Empire Built on Backs of Struggling Americans
Donald Trump's record of inflating economic figures has left many questioning his credibility. During a speech in May 2026, he claimed that inflation was at just 1.7%, when it had actually never fallen below 2.4% in the preceding months.
Trump has repeatedly denied any connection between his policies and rising consumer prices, stating that 'every price is down' and that he has 'solved' inflation. However, data shows that overall consumer prices have increased during his term, with grocery prices up by nearly 2%.
The president's financial disclosures reveal a significant increase in his personal wealth since taking office. His fortune has grown from $2.3 billion in 2024 to $6.5 billion in 2026, with an estimated $1.1 million per hour earned from private businesses.
A substantial portion of this wealth is attributed to Trump's involvement in cryptocurrency ventures. He pocketed over $1.4 billion from these investments, including a 'meme coin' that launched just days before his inauguration and has since collapsed.