Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Liberal YouTubers
Related: About this forumTrump DIRE FINANCES Get EXPOSED at WORST TIME - Meidas Touch
The reason Trump is now reduced to a late night 2 bit infomercial huckster selling the shirt off his back, trading cards, bibles and sneakers out of a van, is because he and his whole unserious family is incapable of making a new BILLION DOLLARS of fortune to replace what he squandered, and all his grifting income streams have dried up.
Michael Popok methodically breaks down why Trump is circling the drain financially and cant recover, and why his selling the suit off his back and trading cards is a desperate cry for help the American people are ignoring. - 08/31/2024.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 791 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (16)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Trump DIRE FINANCES Get EXPOSED at WORST TIME - Meidas Touch (Original Post)
Rhiannon12866
Aug 31
OP
Not to mention, he's selling pieces of a suit he once wore! How creepy and desperate is that??
Rhiannon12866
Aug 31
#2
Skittles
(158,153 posts)1. a presidential candidate doing fucking INFOMERICALS
WHERE DOES IT FUCKING END WITH THIS FASCIST ORANGE FREAK
Rhiannon12866
(220,583 posts)2. Not to mention, he's selling pieces of a suit he once wore! How creepy and desperate is that??
czarjak
(12,342 posts)3. I'm sending thoughts and prayers. Promise.
Jarqui
(10,422 posts)4. Forbes: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500
https://www.forbes.com/sites/danalexander/2021/10/11/its-official-trump-would-be-richer-if-he-had-just-invested-his-inheritance-into-the-sp500/
Donald Trump isn't rich because he's a great investor. He's rich because his dad was rich.
https://www.vox.com/2015/9/2/9248963/donald-trump-index-fund
Trump Worth $10 Billion Less Than If Hed Simply Invested in Index Funds
https://finance.yahoo.com/news/why-probably-better-investing-donald-233020366.html
There are many opinions like this. Trump has NEVER been a great business man.
He's a fraudster.
Most banks had stopped dealing with him before he ran for President.
There is a monitor on his business which curtails what he can do.
As the business revenue has collapsed, his legal bills have mounted and the campaign financing is compromised paying those bills.
As the $454M fraud and $100M EJ Carroll judgements came down, folks are forgetting the $100M the IRS was allegedly after him for (2010 or so returns) in 2019-20 that helped to spook Deutsche Bank to dump him. But in the wake of all that, AJ James made new referrals to the IRS when she filed the fraud lawsuit. There are tax implications for the fraud she nailed Trump on. Nobody is talking about it but you go through what he did while committing all that fraud and there are tax issues. They may be able to go back further than AJ James was constrained by the statute of limitations because those prior years were allegedly being contested by the IRS. It surprised me that that wasn't more of an issue when securing funds for the $454M judgement because the IRS usually has to be taken care of first.
This return to X Trump did seemed similar: he effectively sold out his truth social investors to probably to get cash from Elon that he more desperately needed. In doing so, Elon got to quietly kill a prospective competitor to X while financing someone who would help him keep the tax breaks and could potentially funnel federal grants/contracts to his businesses.
I suspect Trump's business is a house of cards that will come tumbling down if he loses the election.
Donald Trump isn't rich because he's a great investor. He's rich because his dad was rich.
https://www.vox.com/2015/9/2/9248963/donald-trump-index-fund
Trump Worth $10 Billion Less Than If Hed Simply Invested in Index Funds
https://finance.yahoo.com/news/why-probably-better-investing-donald-233020366.html
There are many opinions like this. Trump has NEVER been a great business man.
He's a fraudster.
Most banks had stopped dealing with him before he ran for President.
There is a monitor on his business which curtails what he can do.
As the business revenue has collapsed, his legal bills have mounted and the campaign financing is compromised paying those bills.
As the $454M fraud and $100M EJ Carroll judgements came down, folks are forgetting the $100M the IRS was allegedly after him for (2010 or so returns) in 2019-20 that helped to spook Deutsche Bank to dump him. But in the wake of all that, AJ James made new referrals to the IRS when she filed the fraud lawsuit. There are tax implications for the fraud she nailed Trump on. Nobody is talking about it but you go through what he did while committing all that fraud and there are tax issues. They may be able to go back further than AJ James was constrained by the statute of limitations because those prior years were allegedly being contested by the IRS. It surprised me that that wasn't more of an issue when securing funds for the $454M judgement because the IRS usually has to be taken care of first.
This return to X Trump did seemed similar: he effectively sold out his truth social investors to probably to get cash from Elon that he more desperately needed. In doing so, Elon got to quietly kill a prospective competitor to X while financing someone who would help him keep the tax breaks and could potentially funnel federal grants/contracts to his businesses.
I suspect Trump's business is a house of cards that will come tumbling down if he loses the election.