Sounds legit, sovcit.

Follow my foolproof steps to get money:

Step 1: Commit fraud.

It's that easy!

I mean, it works if you're rich enough to begin with doesn't it?

I'm confused... It sounds like they're jumping through a bunch of hoops just to ultimately still spend their own money. What exactly are they trying to accomplish?

It's more like committing fraud than anything I assume. I think the goal is loan yourself money and keep it in the trust. Then the trust has more assets than it really does by listing a fraudulent loan as accounts receivable.
You use that to get a real loan, then don't pay it back. You remove everything from the trust and try to claim there's nothing for the bank to take.
- To be fair, it actually works if you're rich.
I'm guessing avoiding taxes somehow. Probably involving a letter with a red thumbprint on it.
- I don't think a red thumbprint alone would cover all of this... They'll need a lot of illegible writing done on a diagonal covering up most of a form, and at least one fake notary stamp as well
They are trying and failing to create a legal distinction between themselves and the trust. It's based on a misunderstanding of how things like LLC'S work. Because of course it is.
The problem is that "the trust" wouldn't be a company, and so all of the rules don't apply. But they are all far too thick to know that
This might be the one where they think the government has $2 million your to your social security number that you can use. If so my guess is that the money isn't allowed to be just "withdrawn" it can only cover a debt? So have the estate loan money to the "bank" (yes this isn't a debt but my guess here is pfm)?
Gummies are working overtime but if I just read one sentence at a time I can never link the massive holes from one to the next. Might be how their brains work all the time?

gonna be rollin in $$$ from all the interest you're paying yourself

We throw away a banana for every buck we take so no one finds out.

Hey, someone tell me if I'm wrong, but the fraud starts from "work for the trust as the trustee", right?

I don't think it's "fraud", I just think it doesn't do anything. Creating a living trust and putting your assets in it, especially real estate, is a good idea. It helps your heirs avoid probate when you pass away.
You can't really "work for the trust as a trustee" because it's a revocable trust, meaning the money is still yours. You are the trustee by definition. Paying yourself out of the trust gives you no extra benefits.
You can't "create an estate" because an estate is what holds your assets after you die. It holds and distributes your assets to your heirs. You will never get anything from your own estate because you'll be dead.
I have no idea about the "private bank EIN". You can just apply for an EIN from the IRS if you have a business. It's just like a SSN but for a business. It confers no extra benefits, unless of course you commit fraud...
So it sounds like these people are just making purchases in the name of a fake business and writing them off their taxes. That's just normal fraud, and not very clever.
- It’s the bureaucratic equivalent of the bank robber who put lemon juice on his face to make him invisible to security cameras.

...this sounds kinda like what FTX did.