78-79% losses on World Liberty Financial
Trump and allies captured most World Liberty Financial profits while ordinary investors suffered 78-79% losses.
Where this was said
Meme Coins, Marks, and the Thermostat Distraction
At 24:15 · chapter starts 24:00
Ben lays out the numbers: $2 billion in meme coin profits for Trump and insiders, $2 billion in losses for ordinary investors; World Liberty Financial with 78-79% losses distributed to the public while Trump allies captured the profits [1] — Brett "When NYC Mayor Mamdani posted standard heat wave guidance — keep thermostats at 78 degrees — the entire right-wing machine erupted in coord…" 28:10 . The pattern is K-shaped — wealth flowing upward while losses flow down — and the right-wing propaganda apparatus exists to stop ordinary investors from connecting those two facts. The perfect case study arrives in the form of NYC Mayor Mamdani's heat-wave thermostat guidance — keep it at 78 degrees — which the entire MAGA ecosystem attacked as 'communism,' coordinated from Spencer Pratt to Nikki Haley to Fox News anchors. Brett notes that the Department of Energy had posted the exact same advice, and quietly deleted it after the Fox attack. Jordy delivers the punchline: don't be mad at Trump for your meme coin losses — Mamdani's coming for your thermostat.
$2B crypto losses for investors
While Trump and insiders made roughly $2 billion from his meme coin, investors suffered approximately $2 billion in corresponding losses.
The Thermostat Distraction: How MAGA Propaganda Works
When NYC Mayor Mamdani posted standard heat wave guidance — keep thermostats at 78 degrees — the entire right-wing machine erupted in coordinated rage calling it communism. The Department of Energy had posted the exact same guidance, quietly deleting it after Fox attacked Mamdani. The real function: distract MAGA from Trump's crypto losses.
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