Episode 496: Money for Nothing

·1 hr 26 min·5 clips

A UAE prince bought $2 billion of Trump's USD1 stablecoin to invest in Binance, a move that suggests a financial favor for the president.

The episode opens with hosts Brace and Liz engaging in absurd, humorous banter, inventing ridiculous names like Judge Jerry Executioner and Gary Gay Blige. They are joined remotely by journalist Jacob Silverman, author of 'Gilded Rage: Elon Musk and the Radicalization of Silicon Valley.' The discussion quickly turns to Donald Trump's deep involvement in the cryptocurrency industry through his company World Liberty Financial, which issues the WLFI token and the USD1 stablecoin. Silverman explains that Trump is now a leading crypto entrepreneur, with his family receiving a significant share of the company's revenue. A key example is a deal where a UAE prince, Sheikh Tahnoun, invested $2 billion in Binance using Trump's USD1 stablecoin instead of traditional currency, suggesting a potential financial favor. Silverman details another mysterious investor, the Aqua One Foundation, which sent $80 million to World Liberty Financial. He identified a Chinese-Brazilian individual named David Lee behind it, who works for a Chinese state energy company. When Silverman inquired, the entity's response included unsolicited dick pics. The conversation shifts to the themes of Silverman's book, focusing on the radicalization of Silicon Valley figures. It traces how billionaires like David Sacks and Elon Musk began flexing political power by funding recall campaigns in San Francisco, first against the school board and then District Attorney Chesa Boudin. This local activism became a model for national influence, painting Democratic cities as lawless to fuel a broader conservative narrative. The hosts and Silverman discuss the paranoid mindset of tech elites like Sean McGuire and Palmer Luckey, who spread conspiracy theories about Antifa and fear their young employees are communist infiltrators. They examine how this reactionary culture emerged from a backlash against perceived 'woke' politics within tech companies. The episode also touches on the blending of Trump's personal financial interests with foreign policy, particularly regarding chip exports to the UAE. It concludes with speculation about Elon Musk's future political involvement and humorous tangents about Musk's physique and hypothetical fights with Mark Zuckerberg.

As heard by us

A crypto-money chase that stays funny without losing the thread.

True Anon spends this episode following a strange cluster of names and an even stranger money trail, from the joke of "Judge Jerry Executioner" to the claim that at least $80 million in stablecoins moved from an Aqua One account to World Liberty Financial.

Read the full review in PlayNext →

Why you'd press play

If you like a chatty money-trail story with real names, joke-slinging, and blockchain transfers in the open, press play.

Read the full recommendation in PlayNext →

Listen to the show on

Apple Podcasts Spotify

Play clips from this episode More from TRUE ANON TRUTH FEED