United States Citizen-Taxpayers Against Foreign Invasion, Aid, and Debt

United States Citizen-Taxpayers Against Foreign Invasion, Aid, and Debt United States Citizen-Taxpayers Against Foreign Invasion, Foreign Aid, Involuntary Taxation, and Debt They are found in the old Articles of Confederation.

United States Citizen-Taxpayers against Foreign Invasion, Foreign Aid, Involuntary Taxation without Consent and Representation, and the National Debt. "When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation....
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness....
Governments are instituted among Men, deriving their just powers from the consent of the governed.... Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government....
For imposing Taxes on us without our Consent...."
~ The Declaration of Independence

"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof ... shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby...."
~ The Constitution of the United States, Article VI

"The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion."
~ The Constitution of the United States, Article IV, Section 4

"The Times, Places and Manner of holding Elections ... shall be prescribed in each State by the Legislature thereof...."
~ The Constitution of the United States, Article I, Section 4

"No person shall be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."
~ Amendment V

"The President shall take the following Oath or Affirmation:—"I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States."
~ The Constitution of the United States, Article II, Section 1

"The Senators and Representatives, and the Members of the several State Legislatures, and all executive and judicial Officers, both of the United States and of the several States, shall be bound by Oath or Affirmation, to support this Constitution."
~ The Constitution of the United States, Article VI

~

"The government of the United States is a definite government, confined to specified objects. Charity is no part of the legislative duty of the government. With respect to the words 'general welfare,' I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators. If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the Government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions. It is to be remarked that the phrase out of which this doctrine is elaborated, is copied from the old articles of Confederation, where it was always understood as nothing more than a general caption to the specified powers, and it is a fact that it was preferred in the new instrument for that very reason as less liable than any other to misconstruction. . . . I have always conceived -- I believe those who proposed the Constitution conceived -- it is still more fully known, and more material to observe, that those who ratified the Constitution conceived -- that this is not an indefinite government, deriving its powers from the general terms prefixed to the specified powers -- but a limited government, tied down to the specified powers, which explain and define the general terms. The terms 'common defence and general welfare' are not novel terms first introduced into this Constitution. They are terms familiar in their construction, and well known to the people of America. It was always considered clear and certain that the old Congress was limited to the enumerated powers, and that the enumeration limited and explained the general terms. If Congress can employ money indefinitely to the general welfare, they may take the care of religion into their Own hands; they may appoint teachers in every state, county, and parish, and pay them out of their public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the Union; they may assume the provision for the poor; they may undertake the regulation of all roads other than post-roads; in short, every thing, from the highest object of state legislation down to the most minute object of police, would be thrown under the power of Congress; for every object I have mentioned would admit of the application of money, and might be called, if Congress pleased, provisions for the general welfare. . . . A pure Democracy, by which I mean a Society consisting of a small number of citizens, who assemble and administer the Government in person, can admit of no cure for the mischiefs of faction. A common passion or interest will, in almost every case, be felt by a majority of the whole; a communication and concert result from the form of Government itself; and there is nothing to check the inducements to sacrifice the weaker party, or an obnoxious individual. Hence it is, that such Democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security, or the rights of property; and have in general been as short in their lives, as they have been violent in their deaths. Theoretic politicians, who have patronized this species of Government, have erroneously supposed, that by reducing mankind to a perfect equality in their political rights, they would, at the same time, be perfectly equalized and assimilated in their possessions, their opinions, and their passions. Without going farther into the subject, I venture to declare it as my opinion, that, were the power of Congress to be established in the latitude contended for, it would subvert the very foundations, and transmute the very nature of the limited government established by the people of America; and what inferences might be drawn, or what consequences ensue, from such a step, it is incumbent on us all to consider."

~ James Madison, President, "Father of Constitution", author of Bill of Rights, Federalist Papers

"I entirely concur in the propriety of resorting to the sense in which the Constitution was accepted and ratified by the nation. In that sense alone it is the legitimate Constitution. And if that be not the guide in expounding it, there can be no security for a consistent and stable, more than for a faithful exercise of its powers. If the meaning of the text be sought in the changeable meaning of the words composing it, it is evident that the shape and attributes of the Government must partake of the changes to which the words and phrases of all living languages are constantly subject. What a metamorphosis would be produced in the code of law if all its ancient phraseology were to be taken in its modern sense."
~ to Henry Lee, 25 June 1824
https://founders.archives.gov/documents/Madison/04-03-02-0333

"A State may rightfully secede from its constitutional compact with other States if an abuse of the compact absolves the seceding party from the obligations imposed by it."
~ James Madison

~

"The republican is the only form of government which is not eternally at open or secret war with the rights of mankind. The true foundation of republican government is the equal right of every citizen, in his person and property, and in their management. I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Of liberty I would say that, in the whole plenitude of its extent, it is unobstructed action according to our will. But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual. A free people claim their rights, as derived from the laws of nature, and not as the gift of their chief magistrate. The majority, oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundations of society. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering. Then begins, indeed, the bellum omnium in omnia, which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression. I think our governments will remain virtuous for many centuries; as long as they are chiefly agricultural; and this will be as long as there shall be vacant lands in any part of America. When they get piled upon one another in large cities, as in Europe, they will become corrupt as in Europe."

~ Thomas Jefferson, President
author of Declaration of Independence

"[O]n every question of construction, carry ourselves back to the time when the Constitution was adopted, recollect the spirit manifested in the debates, and instead of trying what meaning may be squeezed out of the text, or invented against it, conform to the probable one in which it was past."
~ to William Johnson, 12 June 1823
https://founders.archives.gov/documents/Jefferson/98-01-02-3562

~

"The preservation of the sacred fire of liberty, and the destiny of the Republican model of Government, are justly considered as deeply, perhaps as finally staked, on the experiment entrusted to the hands of the American people."
~ George Washington, President, General (American Revolution-Independence)

~

"It has been observed that a pure democracy if it were practicable would be the most perfect government. Experience has proved that no position is more false than this. The ancient democracies in which the people themselves deliberated never possessed one good feature of government. Their very character was tyranny; their figure deformity. Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments. The origin of all civil government, justly established, must be a voluntary compact, between the rulers and the ruled; and must be liable to such limitations, as are necessary for the security of the absolute rights of the latter; for what original title can any man or set of men have, to govern others, except their own consent? To usurp dominion over a people, in their own despite, or to grasp at a more extensive power than they are willing to entrust, is to violate that law of nature, which gives every man a right to his personal liberty; and can, therefore, confer no obligation to obedience."

~ Alexander Hamilton, Military Commander (American Revolution-Independence), Federalist Papers

~

"Democracy has never been and never can be so durable as Aristocracy or Monarchy. But while it lasts it is more bloody than either. Remember Democracy never lasts long. It soon wastes exhausts and murders itself. There never was a Democracy Yet, that did not commit su***de. It is in vain to Say that Democracy is less vain, less proud, less selfish, less ambitious or less avaricious than Aristocracy or Monarchy. It is not true in Fact and no where appears in history. Those Passions are the same in all Men under all forms of Simple Government, and when unchecked, produce the same Effects of Fraud Violence and Cruelty. When clear Prospects are opened before Vanity, Pride, Avarice or Ambition, for their easy gratification, it is hard for the most considerate Philosophers and the most conscientious Moralists to resist the temptation. Individuals have conquered themselves, Nations and large Bodies of Men, never. The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own. There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty. Liberty, once lost, is lost forever."

~ John Adams, President

~

"The experience of all former ages had shown that of all human governments, democracy was the most unstable, fluctuating and short-lived."
~ John Quincy Adams, President

~

"We have seen the tumult of democracy terminate . . . as it has everywhere terminated, in despotism. Democracy! savage and wild. Thou who wouldst bring down the virtuous and wise to thy level of folly and guilt."
~ Gouverneur Morris

~

https://www.archives.gov/founding-docs

https://www.loc.gov/rr/program/bib/revolution/home.html

https://www.loc.gov/rr/program/bib/1812/

"Thefts don't become gifts, lies don't become truths, crimes don't become laws, corruption doesn't become justice, wrong...
08/28/2026

"Thefts don't become gifts, lies don't become truths, crimes don't become laws, corruption doesn't become justice, wrongs don't become rights, tyranny doesn't become liberty, and aggression doesn't become consent just because it's implemented or accepted by a majority."

~~~

"We the unwilling, led by the unknowing, are doing the impossible for the ungrateful.
We have done so much, for so long, with so little, we are now qualified to do anything with nothing."
~ Frank Sinatra

~~~

"Actions always prove why words mean nothing."

Donald Trump: "We've got to get rid of the $19 trillion in debt."
Bob Woodward: "How long would that take?"
Trump: "I think I could do it fairly quickly .... "
Woodward: "What's fairly quickly?"
Trump: "Well, I would say over a period of eight years .... "
Woodward: "Would you ever be open to tax increases .... "
Trump: "I don't think I'll need to .... "
March 31, 2016

~~~

"I love debt. I love playing with it. I'm the king of debt. I'm great with debt. Nobody knows debt better than me. I've made a fortune by using debt."
~ Donald Trump

~~~

USA National Debt
https://www.usdebtclock.org/
USA Published National Debt
https://www.truthinaccounting.org/about/our_national_debt

USAspending: Government Spending Open Data
https://www.usaspending.gov/

Monetary Base: Currency in Circulation (MBCURRCIR)
https://fred.stlouisfed.org/series/MBCURRCIR
Currency in Circulation (DISCONTINUED) (CURRCIR)
https://fred.stlouisfed.org/series/CURRCIR

CPI Inflation Calculator
https://www.bls.gov/data/inflation_calculator.htm
Inflation Calculator
https://www.in2013dollars.com/

100 Years of the Income Tax
https://www.youtube.com/watch?v=6CaPzxU9Ip8

Revenue Act of 1862
https://en.wikipedia.org/wiki/Revenue_Act_of_1862

Sixteenth Amendment to the United States Constitution
https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution

Federal Reserve System
http://en.wikipedia.org/wiki/Federal_Reserve_System

Executive Order 6102
http://en.wikipedia.org/wiki/Executive_Order_6102

US National Debt, US Total Debt, US Unfunded Liabilities
http://www.usdebtclock.org/

Gift Contributions to Reduce Debt Held by the Public
http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm

Welcome to Trade Ticker - the web's only up-to-the-second counter for the U.S. Trade Deficit.
http://americaneconomicalert.org/ticker_home.asp

Accumulated Trade Deficit Clock
https://sherman.house.gov/legislation/trade-deficit

~~~

"When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation....
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness....
Governments are instituted among Men, deriving their just powers from the consent of the governed.... Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government....
For imposing Taxes on us without our Consent...."
~ The Declaration of Independence

"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof ... shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby...."
~ Article VI

"The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion."
~ Article IV, Section 4

"The Times, Places and Manner of holding Elections ... shall be prescribed in each State by the Legislature thereof...."
~ Article I, Section 4

"The government of the United States is a definite government, confined to specified objects. Charity is no part of the legislative duty of the government."
~ Speech opposing aid to refugees,” January 10, 1794.

"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
~ Second Amendment

"No person shall be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."
~ Amendment V

"The President shall take the following Oath or Affirmation:—"I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States."
~ Article II, Section 1

"The Senators and Representatives, and the Members of the several State Legislatures, and all executive and judicial Officers, both of the United States and of the several States, shall be bound by Oath or Affirmation, to support this Constitution."
~ Article VI

~~~

"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt. He therefore is the truest friend to the liberty of his country who tries most to promote its virtue, and who, so far as his power and influence extend, will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man. We must not conclude merely upon a man's haranguing upon liberty, and using the charming sound, that he is fit to be trusted with the liberties of his country. It is not unfrequent to hear men declaim loudly upon liberty, who, if we may judge by the whole tenor of their actions, mean nothing else by it but their own liberty, — to oppress without control or the restraint of laws all who are poorer or weaker than themselves. It is not, I say, unfrequent to see such instances, though at the same time I esteem it a justice due to my country to say that it is not without shining examples of the contrary kind; — examples of men of a distinguished attachment to this same liberty I have been describing; whom no hopes could draw, no terrors could drive, from steadily pursuing, in their sphere, the true interests of their country; whose fidelity has been tried in the nicest and tenderest manner, and has been ever firm and unshaken....

The liberties of our Country, the freedom of our civil constitution are worth defending at all hazards: And it is our duty to defend them against all attacks. We have receiv'd them as a fair Inheritance from our worthy Ancestors: They purchas'd them for us with toil and danger and expence of treasure and blood; and transmitted them to us with care and diligence. It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle; or be cheated out of them by the artifices of false and designing men. Of the latter we are in most danger at present: Let us therefore be aware of it. Let us contemplate our forefathers and posterity; and resolve to maintain the rights bequeath'd to us from the former, for the sake of the latter. — Instead of sitting down satisfied with the efforts we have already made, which is the wish of our enemies, the necessity of the times, more than ever, calls for our utmost circumspection, deliberation, fortitude, and perseverance. Let us remember that 'if we suffer tamely a lawless attack upon our liberty, we encourage it, and involve others in our doom.' It is a very serious consideration, which should deeply impress our minds, that millions yet unborn may be the miserable sharers of the event....

Among the natural rights of the Colonists are these: First, a right to life; Secondly, to liberty; Thirdly, to property; together with the right to support and defend them in the best manner they can. These are evident branches of, rather than deductions from, the duty of self-preservation, commonly called the first law of nature. The supreme power cannot justly take from any man any part of his property, without his consent in person or by his representative...."

~ Samuel Adams

~~~

"The origin of all civil government, justly established, must be a voluntary compact, between the rulers and the ruled; and must be liable to such limitations, as are necessary for the security of the absolute rights of the latter; for what original title can any man or set of men have, to govern others, except their own consent? To usurp dominion over a people, in their own despite, or to grasp at a more extensive power than they are willing to entrust, is to violate that law of nature, which gives every man a right to his personal liberty; and can, therefore, confer no obligation to obedience...."

~ Alexander Hamilton, Military Commander (American Revolution-Independence), Federalist Papers

~~~

"The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own....

There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Liberty, once lost, is lost forever."

~ John Adams, President

~~~

"The republican is the only form of government which is not eternally at open or secret war with the rights of mankind. The true foundation of republican government is the equal right of every citizen, in his person and property, and in their management. I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale....

Of liberty I would say that, in the whole plenitude of its extent, it is unobstructed action according to our will. But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual....

A free people claim their rights, as derived from the laws of nature, and not as the gift of their chief magistrate. The majority, oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundations of society. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering. Then begins, indeed, the bellum omnium in omnia, which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression...."

~ Thomas Jefferson, President
author of Declaration of Independence

~~~

"The government of the United States is a definite government, confined to specified objects. Charity is no part of the legislative duty of the government. With respect to the words 'general welfare,' I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators. If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the Government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions. It is to be remarked that the phrase out of which this doctrine is elaborated, is copied from the old articles of Confederation, where it was always understood as nothing more than a general caption to the specified powers, and it is a fact that it was preferred in the new instrument for that very reason as less liable than any other to misconstruction....

I have always conceived -- I believe those who proposed the Constitution conceived -- it is still more fully known, and more material to observe, that those who ratified the Constitution conceived -- that this is not an indefinite government, deriving its powers from the general terms prefixed to the specified powers -- but a limited government, tied down to the specified powers, which explain and define the general terms. The terms 'common defence and general welfare' are not novel terms first introduced into this Constitution. They are terms familiar in their construction, and well known to the people of America. They are found in the old Articles of Confederation. It was always considered clear and certain that the old Congress was limited to the enumerated powers, and that the enumeration limited and explained the general terms. If Congress can employ money indefinitely to the general welfare, they may take the care of religion into their Own hands; they may appoint teachers in every state, county, and parish, and pay them out of their public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the Union; they may assume the provision for the poor; they may undertake the regulation of all roads other than post-roads; in short, every thing, from the highest object of state legislation down to the most minute object of police, would be thrown under the power of Congress; for every object I have mentioned would admit of the application of money, and might be called, if Congress pleased, provisions for the general welfare....

A pure Democracy, by which I mean a Society consisting of a small number of citizens, who assemble and administer the Government in person, can admit of no cure for the mischiefs of faction. A common passion or interest will, in almost every case, be felt by a majority of the whole; a communication and concert result from the form of Government itself; and there is nothing to check the inducements to sacrifice the weaker party, or an obnoxious individual. Hence it is, that such Democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security, or the rights of property; and have in general been as short in their lives, as they have been violent in their deaths. Theoretic politicians, who have patronized this species of Government, have erroneously supposed, that by reducing mankind to a perfect equality in their political rights, they would, at the same time, be perfectly equalized and assimilated in their possessions, their opinions, and their passions....

Without going farther into the subject, I venture to declare it as my opinion, that, were the power of Congress to be established in the latitude contended for, it would subvert the very foundations, and transmute the very nature of the limited government established by the people of America; and what inferences might be drawn, or what consequences ensue, from such a step, it is incumbent on us all to consider...."

~ James Madison, President, "Father of Constitution", Bill of Rights, Federalist Papers

Bessent's former mentor SLAMS his bond intervention effort
08/25/2026

Bessent's former mentor SLAMS his bond intervention effort

American investor Stanley Druckenmiller is criticizing Scott Bessen...

'Used the White House as a casino': Dem Sen. on report Trump made $15.5M on oil, gas stocks in 2026
08/25/2026

'Used the White House as a casino': Dem Sen. on report Trump made $15.5M on oil, gas stocks in 2026

The New York Times reports that House Minority Leader Hakeem Jeffri...

08/25/2026

Think the American Revolution was just about taxes, tea parties, and representation? Think again.

Trump Financial Disclosure Shows 21,000 Trades in 2025https://www.bloomberg.com/news/articles/2026-07-02/trump-financial...
08/24/2026

Trump Financial Disclosure Shows 21,000 Trades in 2025
https://www.bloomberg.com/news/articles/2026-07-02/trump-financial-disclosure-shows-21-000-trades-in-2025

President Donald Trump made more than 21 000 securities trades in his first year back in office, often in intense bursts tied to market events he created.

The total dollar value of the trades was somewhere between $600 million and $1.86 billion, according to his financial disclosure for 2025, which lists values in broad ranges. Many of the transactions involve large companies that have business with the federal government.

Trump averaged 85 trades per market day, an analysis of the report shows. Just 10 days accounted for about a quarter of all trades executed in 2025. Many of those came during heightened volatility on Wall Street after Trump had already announced policy changes.

There was also dissonance across Trump’s eight separate trading accounts: In more than 200 cases, he bought a stock in one account the same day he was selling it in another.

The chaotic rhythm and large volume of trading add to an emerging picture of Trump’s finances, which critics and watchdog groups have scrutinised for hints that he may be improperly profiting from the presidency. In the same report, he disclosed earning at least $1.4 billion from crypto and memecoin-related businesses in 2025.

Deflected questions

The president on Wednesday downplayed the amount of money he made, saying he was already wealthy when elected, and he deflected questions from reporters about whether he was inappropriately profiting off the presidency.

Purposely, I never speak to any of the people that run the money, but they’re at big institutions, and they invest in whatever they invest,” Trump said at Joint Base Andrews before departing for North Dakota.” You know why I’m profiting? Because the stock market’s going up.”

The Trump Organisation says that the president’s holdings are independently managed by third-party financial institutions that have control over all investment decisions, with trades executed through automated, model-based portfolios and direct indexing strategies. Trump, his family members and his company play no role in making transactions, and receive no advance notice of the trades, according to a company spokesperson.

The White House also said that Trump’s investments are independently managed. “There are no conflicts of interest,” said spokesperson Anna Kelly.

Eric Trump, the president’s son and executive vice president of the Trump Organisation, has said the assets were in a “blind trust.”

“To suggest that individual stocks are being bought or sold, at the discretion of any member of the Trump family, would be a lie and blatantly false,” he wrote in a post on X in May after Trump disclosed more than 3 700 trades in the first quarter of 2026.

At the time, some on Wall Street said they found the frequency of trading to be surprising.

About one-tenth of Trump’s disclosed non-cash investment assets last year were in excepted investment funds – things like mutual funds and exchange-traded funds that are broadly diversified and don’t require detailed asset-by-asset reporting.

But beyond those, it’s unclear which market indexes Trump is tracking. The president lists eight separate investment accounts on the disclosure and their underlying assets, but gives no indication of which institutions he’s using to manage them. There’s some overlap between assets held in accounts, with shares of Lockheed Martin Corp appearing in six accounts, and shares of McDonald’s Corp, Microsoft Corp and Pfizer in seven.

S&P Mainstays

His top overall stock holdings – Apple, Nvidia Corp, Broadcom, Microsoft and Tesla – are mainstays of the S&P 500 index.

Though the volume of the transactions was large, the value of about half of them fell within the lowest range, between $1 001 and $15 000. There may have been even more trades: Officials don’t have to report trades of $1 000 or less.

Overall, Trump reported 15 524 purchases and 5 761 sales of assets.

Occasionally, there was volatility within one of Trump’s accounts. On four days, an individual security was both bought and sold on the same day and in the same account.

For example, as Blue Owl Capital Corp declined 3.1% on September 15, one Trump account – identified only as Investment Account No. 4 – bought more than $1 million in shares in the entity’s stock, according to the disclosures. That day, the same account sold six lots of the same stock. The disclosures don’t indicate the exact value or time of day of the trades.

Some of Trump’s busiest trading days came after announcements of policy shifts, especially around trade. His asset managers executed 616 trades on February 3, one day before tariffs on Canada, Mexico and China were scheduled to go into effect. There were 640 more trades a month later, after Trump lifted a pause on those tariffs. And a month after that, there were 446 trades on April 4 amid a selloff prompted by his “Liberation Day” tariff announcements.

~~~

Trump’s stock disclosure shows more than 1,000 trades in June
https://fortune.com/2026/08/22/trump-stock-market-trading-disclosure-june-vanguard-etf/

President Donald Trump made more than 1,000 securities trades in June, including significant purchases of Berkshire Hathaway Inc., Visa Inc., Mastercard Inc. and Cintas Corp., according to a financial disclosure published Saturday.

The transactions totaled between $78.1 million and $263.1 million in the filing published by the US Office of Government Ethics, which shows a range for each transaction rather than exact numbers.

The largest transaction was a June 22 sale of between $5 million and $25 million of shares in a Vanguard Group Inc. exchange-traded fund.

Trump made more than 21,000 securities trades in 2025, often in bursts tied to market events he created. The total value of the trades he made in 2025 was between $600 million and $1.86 billion, occasionally showing buying and selling of the same security on the same day.

The White House says there are no conflicts of interest because Trump’s investments are independently managed. Trump’s son Eric, the executive vice president of the Trump Organization, has said the assets were in a blind trust.

The post Trump’s stock disclosure shows more than 1,000 trades in June appeared first on Fortune.

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Trump Continues Trading Stocks at Warp Speed: Berkshire Bought, Meta Sold
https://247wallst.com/investing/2026/08/23/trump-continues-trading-stocks-at-warp-speed-berkshire-bought-meta-sold/

Quick Read
Trump's June filing shows 1,051 trades worth up to $263 million, including Berkshire buys and Meta sales, executed by independent account managers.

Palantir trades surrounding the June 14 U.S.-Iran peace deal illustrate the conflict-of-interest overlap between Trump's policymaking power and his investment holdings.

Congress passed the Stop Insider Trading Act but deliberately exempted the president and vice president from its stock-trading restrictions.

The stock market has given investors plenty of reasons to stay invested during President Trump’s second term. Since Jan. 20, 2025, the S&P 500 has gained roughly 28%, according to market data, despite a stomach-churning detour in April 2025. After Trump unveiled sweeping tariffs on April 2, the index fell more than 12% in just four trading days, before recovering as the administration paused many of the levies.

That rebound has helped produce a steady stream of new highs — and Trump’s portfolio has been busy along the way too. After executing 3,642 transactions in the first quarter, his latest disclosure shows another 1,000-plus trades in June.

Trump Keeps Trading While Markets Keep Climbing
The latest OGE Form 278-T shows 1,051 securities transactions during June, worth between $78.1 million and $263.1 million. More than 550 were purchases and more than 450 were sales.

Some of the larger disclosed moves included:

Company Notable Q2 Move
Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) Bought $1 million to $5 million
Visa (NYSE:V) Bought $1 million to $5 million
Mastercard (NYSE:MA) Bought $1 million to $5 million
Cintas (NASDAQ:CTAS) Bought $1 million to $5 million
Meta Platforms (NASDAQ:META) Sold $1 million to $5 million
Motorola Solutions (NYSE:MSI) Sold $1 million to $5 million
The filing also shows Trump’s accounts moving in and out of Palantir Technologies (NASDAQ:PLTR), including a purchase on June 3, sales on June 16 and 18, and additional purchases on June 23 and 24. The largest single disclosed transaction was a $5 million to $25 million sale of a Vanguard dividend ETF on June 22.

Be careful about treating these as Trump’s personal stock picks. The White House says independent managers oversee the accounts using computer-based strategies designed to track indexes. Direct indexing can require hundreds of individual transactions, including sales designed to harvest tax losses.

While the explanation matters, it doesn’t eliminate the ethical question.

https://247wallst.com/cdn-cgi/imagedelivery/XaQqGmJkNE7OzU_SNXiB6g/247walls-infographic-mt5uqzfl-0-9j11/medium
A 28% market surge meets a frantic 1,000-trade frenzy. Discover the legislative loophole fueling a presidential portfolio worth millions.
© 24/7 Wall St.

The Conflict-of-Interest Problem Isn’t Going Away
The ethical concern is less about any individual trade than the overlap between Trump’s policymaking and his investments.

His June filing, for example, shows Palantir Technologies trades before and after the June 14 U.S.-Iran peace agreement, including a sale of as much as $1 million on June 18 followed by purchases on June 23 and 24. Palantir is a major government contractor, making it more directly exposed to federal defense and procurement decisions than companies such as Berkshire Hathaway or Meta Platforms.

That doesn’t prove Trump directed the trades or acted on nonpublic information — his investment accounts are reportedly independently managed — but it illustrates why presidential stock trading raises an ethical question even without evidence of misconduct.

Congress Is Trying to Fix the Problem — Sort Of
Ironically, Congress just demonstrated how incomplete the stock trading rules remain.

On July 22, the House passed the Stop Insider Trading Act, H.R. 7008, by a 232-198 vote. The bill would generally prohibit members of Congress, their spouses, and dependent children from purchasing individual stocks while requiring advance notice of certain sales. Yet, the legislation exempts the president and vice president. An amendment that would have extended the restrictions to the executive branch was defeated in the House Rules Committee.

The bill has since reached the Senate, but its prospects are poor after House Republicans attached a voter-ID provision that Democrats oppose.

For investors, the bigger lesson is straightforward. Don’t copy Trump’s portfolio. The filings arrive weeks — sometimes months — after trades occur, disclose ranges rather than exact amounts, and may reflect automated index strategies rather than convictions about individual companies.

Key Takeaway
Trump’s frenetic trading is fascinating, but it isn’t an investment signal. The S&P 500’s roughly 28% gain since his inauguration demonstrates that investors who stayed disciplined through the 2025 tariff crash have been rewarded.

Smart investors should take the same approach now: own businesses with durable earnings and cash flow, diversify across sectors, and assume Trump’s policies can create volatility without attempting to trade every headline.

In short, the most useful thing about Trump’s 1,000-plus trades isn’t discovering what he bought or sold. It’s remembering why ordinary investors should build portfolios that don’t require knowing what the president will do next.

IRAN HINTS IT WILL SEEK NUCLEAR WEAPONS — w/ Lt. Col. Karen Kwiatkowski
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IRAN HINTS IT WILL SEEK NUCLEAR WEAPONS — w/ Lt. Col. Karen Kwiatkowski

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