Scott Galloway: Trump Meme-Coin’s Potential for Grift Is ‘Unprecedented,’ ‘We’ve Never Had the World for Sale Before’

RUSH TRANSCRIPT The pivot ░░░░░░░░ Scott I want to ░░░░░░░░ to you about this ░░░░░░░░ coin Have you ever ░░░░░░░░ anything like this offer ░░░░░░░░ a private dinner with ░░░░░░░░ president of the United ░░░░░░░░ For investors The top ░░░░░░░░ in a meme coin ░░░░░░░░ if you buy enough ░░░░░░░░ coins you get access ░░░░░░░░ mean is this not ░░░░░░░░ to play Oh we ░░░░░░░░ it everywhere We see ░░░░░░░░ We see it If ░░░░░░░░ want to go to ░░░░░░░░ or coachella and buy ░░░░░░░░ high end ticket you ░░░░░░░░ you can pay enough ░░░░░░░░ can get a you ░░░░░░░░ a meet and greet ░░░░░░░░ Taylor Swift But we ░░░░░░░░ never seen is that ░░░░░░░░ can buy access like ░░░░░░░░ to the president on ░░░░░░░░ kind of scale where ░░░░░░░░ he s opened a ░░░░░░░░ banking account and whoever ░░░░░░░░ put in the most ░░░░░░░░ into that swiss banking ░░░░░░░░ gets invited to a ░░░░░░░░ at one of his ░░░░░░░░ clubs What s interesting ░░░░░░░░ is not the 220 ░░░░░░░░ that are going to ░░░░░░░░ up at this but ░░░░░░░░ people who don t ░░░░░░░░ I think the potential ░░░░░░░░ for grift is is ░░░░░░░░ unprecedented We ve never ░░░░░░░░ anything like this And ░░░░░░░░ meme coin has a ░░░░░░░░ cap of now 2 ░░░░░░░░ billion He owns 80 ░░░░░░░░ it So in the ░░░░░░░░ months since the inauguration ░░░░░░░░ president has increased his ░░░░░░░░ approximately 175 million a ░░░░░░░░ I believe or 700 ░░░░░░░░ a month We ve ░░░░░░░░ seen anything like this ░░░░░░░░ And let s look ░░░░░░░░ the timing Essentially he ░░░░░░░░ his meme coin which ░░░░░░░░ would argue is the ░░░░░░░░ grift that the president ░░░░░░░░ Oval Office has ever ░░░░░░░░ He announced it late ░░░░░░░░ night before the Monday ░░░░░░░░ his inauguration when there ░░░░░░░░ a ton of other ░░░░░░░░ such that it would ░░░░░░░░ buried But what s ░░░░░░░░ about this is that ░░░░░░░░ you think about the ░░░░░░░░ here Putin is losing ░░░░░░░░ is spending 500 million ░░░░░░░░ 1 billion a day ░░░░░░░░ the war in Ukraine ░░░░░░░░ s lost about 900 ░░░░░░░░ people to fatalities or ░░░░░░░░ injuries Wouldn t he ░░░░░░░░ stupid not to communicate ░░░░░░░░ the president Hey I ░░░░░░░░ give you a month ░░░░░░░░ of expenditures Say 15 ░░░░░░░░ And if I put ░░░░░░░░ all into the meme ░░░░░░░░ I m likely to ░░░░░░░░ the value to 3050 ░░░░░░░░ 60 billion if I ░░░░░░░░ it in using kind ░░░░░░░░ a mathematical equation to ░░░░░░░░ in the coin And ░░░░░░░░ m going to make ░░░░░░░░ the wealthiest man in ░░░░░░░░ world And by the ░░░░░░░░ in unrelated news could ░░░░░░░░ please pull your support ░░░░░░░░ Ukraine I mean just ░░░░░░░░ let s assume that ░░░░░░░░ would never do that ░░░░░░░░ the potential for that ░░░░░░░░ of grift is extraordinary ░░░░░░░░ I think what this ░░░░░░░░ is a lot of ░░░░░░░░ have argued correctly with ░░░░░░░░ veracity that America has ░░░░░░░░ for sale for a ░░░░░░░░ time There s a ░░░░░░░░ of corruption in Washington ░░░░░░░░ we ve never had ░░░░░░░░ world for sale before ░░░░░░░░ just wouldn t this ░░░░░░░░ t she Anderson be ░░░░░░░░ not to offer Trump ░░░░░░░░ of dollars Should he ░░░░░░░░ respond with carrier strike ░░░░░░░░ and attack submarines If ░░░░░░░░ by chance Taiwan were ░░░░░░░░ be invaded just the ░░░░░░░░ here for corruption on ░░░░░░░░ geopolitical global scale We ░░░░░░░░ never seen anything like ░░░░░░░░