https://www.cnn.com/2020/09/28/politics/donald-trump-tax-returns-new-york-times/index.html
Our Glorious Leader being $421,000,000 in debt isn't surprising (although it is offensive that somebody who has driven multiple casinos to bankruptcy was still allowed to borrow more money than you and I will ever one 0.25% of at one time). His businesses losing money hand over fist isn't surprising. Finding out that hair cost $70,000, however, is surprising. And sad.
Also, people with high debt are deemed national security risks because of how easily they can be pressured by foreign actors with currency.
45's tax returns revealed
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- Overlord
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45's tax returns revealed
"Believe me, there’s nothing so terrible that someone won’t support it."
— Un Lun Dun, China Mieville
— Un Lun Dun, China Mieville
- Makeshift Python
- Captain
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Re: 45's tax returns revealed
Makes a lot of sense why he's been expressing interests in seeking a third term...
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- Captain
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- Overlord
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Re: 45's tax returns revealed
"Believe me, there’s nothing so terrible that someone won’t support it."
— Un Lun Dun, China Mieville
— Un Lun Dun, China Mieville
- BridgeConsoleMasher
- Overlord
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Re: 45's tax returns revealed
This just in, Tony Soprano reveals status as waste management company director.
..What mirror universe?
- CharlesPhipps
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Re: 45's tax returns revealed
Explaining the Trump crime empire is difficult because Reality Is Unrealistic. It's such a terrible money sink it's difficult to believe he's managed to keep the plates spinning for 40+ years.
However, the basic way it functions is a very simple, "Robbing Peter to pay Paul." Donald Trump borrows massive amounts of money from banks using the assets of his late father and the Trump business properties to gain cash. Then he uses this cash to pay the interest on all the previous loans he's taken out.
"But Charles, doesn't that mean that Trump is mortgaged up to his eyeballs?"
Yes, citizen, it does. Donald Trump in fact went bankrupt as a whole to the extent of BILLIONS of dollars in debt in the Nineties. He stole 600,000,000 dollars from his late father's estate (he claimed he only got 60 then 200 million—both lies) and lost all of that covering his existing debt's interest. Trump proceeded to switch his business strategy to no longer making any business investments of himself but serving as a money launderer for foreign powers.
Say, the dictator of Kazakhstan wants to build a hotel in Mexico City. Mexico's government does not want to do this because of money laundering for a dictatorship. Donald Trump proceeds to sell the name of his company for their hotel for, 20,000,000 dollars, instead of a portion of the business but a flat cash payment. This is then used to make, "Trump Hotels - Mexico City" which Mexicans think is an American business.
https://www.ft.com/content/33285dfa-9231-11e6-8df8-d3778b55a923
Trump then takes the 20,000,000 and uses it to pay off the interest to all of his loans. Trump steaks, Trump vodka, Trump University and so on are all designed to generate as much liquid capital as possible because that's all Trump cares about. Sometimes, he also takes out MORE loans like those German banks or China granted him, despite most of the business world being wise to his scam.
He did this sale of his name to HUNDREDS of businesses and kept himself somewhat afloat until Russia started buying his debt like buying his 10,000,000 Malibu home for 40,000,000 and other suspicious payments. All of this basically just designed to get Trump out of his massive debt. Even then he's STILL hemorraghing money en masse because he didn't STOP borrowing.
This is why Trump is the first completely bought and paid for President.
However, the basic way it functions is a very simple, "Robbing Peter to pay Paul." Donald Trump borrows massive amounts of money from banks using the assets of his late father and the Trump business properties to gain cash. Then he uses this cash to pay the interest on all the previous loans he's taken out.
"But Charles, doesn't that mean that Trump is mortgaged up to his eyeballs?"
Yes, citizen, it does. Donald Trump in fact went bankrupt as a whole to the extent of BILLIONS of dollars in debt in the Nineties. He stole 600,000,000 dollars from his late father's estate (he claimed he only got 60 then 200 million—both lies) and lost all of that covering his existing debt's interest. Trump proceeded to switch his business strategy to no longer making any business investments of himself but serving as a money launderer for foreign powers.
Say, the dictator of Kazakhstan wants to build a hotel in Mexico City. Mexico's government does not want to do this because of money laundering for a dictatorship. Donald Trump proceeds to sell the name of his company for their hotel for, 20,000,000 dollars, instead of a portion of the business but a flat cash payment. This is then used to make, "Trump Hotels - Mexico City" which Mexicans think is an American business.
https://www.ft.com/content/33285dfa-9231-11e6-8df8-d3778b55a923
Trump then takes the 20,000,000 and uses it to pay off the interest to all of his loans. Trump steaks, Trump vodka, Trump University and so on are all designed to generate as much liquid capital as possible because that's all Trump cares about. Sometimes, he also takes out MORE loans like those German banks or China granted him, despite most of the business world being wise to his scam.
He did this sale of his name to HUNDREDS of businesses and kept himself somewhat afloat until Russia started buying his debt like buying his 10,000,000 Malibu home for 40,000,000 and other suspicious payments. All of this basically just designed to get Trump out of his massive debt. Even then he's STILL hemorraghing money en masse because he didn't STOP borrowing.
This is why Trump is the first completely bought and paid for President.
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- Captain
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Re: 45's tax returns revealed
Any republican voter who doesn't think Mr. 45 is the modern-day American mafia don is kidding themselves.
Re: 45's tax returns revealed
Remember kiddos, it wasn't The Chicago Way that got Capone, It was the I.R.S.
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- Overlord
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Re: 45's tax returns revealed
Outrageous. No self-respecting Mafia Don would serve caviar with a plastic fork or eat their steaks well-done with ketchup.Captain Crimson wrote: ↑Thu Oct 01, 2020 6:32 am Any republican voter who doesn't think Mr. 45 is the modern-day American mafia don is kidding themselves.
"Believe me, there’s nothing so terrible that someone won’t support it."
— Un Lun Dun, China Mieville
— Un Lun Dun, China Mieville