About Us
Mission Statement
Rules of Conduct
 
Name:
Pswd:
Remember Me
Register
 

Shart of the Deal
Author: BobR    Date: 05/08/2019 13:22:18

tRump is a shyster. That seems obvious. He's spent his whole life trying to sell his properties, his lifestyle, and mostly his self-image like a used-car salesman. It's almost a wink-and-a-nod that everyone knows it's an act, but everyone plays along. He gets upset, however, when someone tries to spoil his party by bringing actual facts into the picture.

He's tried to maintain his "mystique" by hiding details, and threatening those who have them. He doesn't want his financials or his grades revealed, because then he can't control the narrative that he's "rich", a "good business man", and a "stable genius". The New York Times - doing some excellent research - has managed to do an end-around on tRump and release a report that shows how much money he lost over a 10 year period between 1985 and 1995.

Between those years (inclusive), he reported a net loss of anywhere from $4.5M to $918.5M, for a grand total of $1.17B in losses. Art of the Deal? More like Shart of the Deal. Because of those losses, he also didn't pay any taxes. From the article:
Mr. Trump was able to lose all that money without facing the usual consequences — such as a steep drop in his standard of living — in part because most of it belonged to others, to the banks and bond investors who had supplied the cash to fuel his acquisitions. And as The Times’s earlier investigation showed, Mr. Trump secretly leaned on his father’s wealth to continue living like a winner and to stage a comeback.

Because of this, he had to turn to other financing sources, such as Deutsche Bank and investors in Russia. Interestingly, at the same time, Russia was beginning to court tRump. From the book "The Road to Unfreedom" by Timothy Snyder:
In 1984, Russian gangsters began to launder money by buying and selling apartment units in Trump Tower (#RoadToUnfreedom, p. 220).
In 1986, Mr. Trump was courted by Soviet diplomats, who suggested that a bright future awaited him in Moscow (#RoadToUnfreedom, p. 220).
In 1987, the Soviet state paid for Mr. Trump to visit Moscow, putting him up in a suite that was certainly bugged (#RoadToUnfreedom, p. 220).
In 2006, Russians and other citizens of the former Soviet Union financed Trump SoHo, granting Mr. Trump 18% of the profits -- although he put up no money himself (#RoadToUnfreedom, p. 221).

There are 46 more examples at the link, although they come later in time, leading up to and occurring during the tRump campaign. However, it seems conveniently coincidental that Russia started cozying up to tRump around the same time that he was having financial trouble. It seems likely that's the REAL reason tRump doesn't want his financial details out there - they will jive just a little too squarely with the Mueller Report and other research such as Snyder's.

 

25 comments (Latest Comment: 05/09/2019 01:51:03 by livingonli)
   Perma Link

Share This!

Furl it!
Spurl
NewsVine
Reddit
Technorati