The Trump implosion thread!

This week's Der Spiegel cover:

http://www.spiegel.de/international/world/the-age-of-fire-and-fury-latest-der-spiegel-trump-cover-explained-a-1187633.html

Nailed it.

Quote: Nareed

This week's Der Spiegel cover:

http://www.spiegel.de/international/world/the-age-of-fire-and-fury-latest-der-spiegel-trump-cover-explained-a-1187633.html

Nailed it.

That really captures his essence.

Quote: Dalex64

Do porn stars frequently get payoffs from rich celebrities?

Is 100k the going rate to have a confidential 'encounter' with a porn star?

Are we supposed to believe or disbelieve Steve Bannon's alleged statement that Trump's lawyer "took care" of "a hundred women" during the campaign?

Did they all get the 100,000 payoff? (10 mil in total)

I believe DJT did have sex with that women, and probably others as well. Just reminding the forum it does not rise to the level of proof when citing a relatively small payout. If DJT is "only" worth 4 billion, and only makes 3% a year, both very low estimates, He makes about a half million every business day. 130k to make a nuisance go away... well worth it.

A brief litany of Trump's racism:

https://slate.com/news-and-politics/2018/01/no-not-everything-is-racist-but-donald-trump-is.html

On other news, fire if hot, water is wet, and the universe is rather large.

Quote: SOOPOO

I believe DJT did have sex with that women, and probably others as well. Just reminding the forum it does not rise to the level of proof when citing a relatively small payout. If DJT is "only" worth 4 billion, and only makes 3% a year, both very low estimates, He makes about a half million every business day. 130k to make a nuisance go away... well worth it.

So he makes money by stiffing his contractors and workers, defrauding his investors and customers, but has the money as 6-figure pocket change to sleep with and pay off his whores. Actually, I seriously doubt he's a billionaire, so perhaps it cost him more than you think. He just likes to lie about the size of his ... everything.

Nice guy. Thanks for making him President, (I know you said you didn't vote for him) because that's the path to greatness everyone should follow.

Good News, everyone!

https://www.politico.com/story/2018/01/14/governor-races-2018-midterms-republicans-340218

Hopefully massive mid-term losses for the GOP will make them reconsider their support for a racist ignoramus.

Quote: beachbumbabs

. Actually, I seriously doubt he's a billionaire,

Barb, friend, it is comments like this that get you labeled as a biased observer. I have seen many articles/discussions trying to figure out how many billion Trump is worth, but never a one that questions his first billion. I've seen between 4 and 10 billion if I remember. Can you link me a single credible source that states Trump is worth less than a billion?

Edit- Forbes, no fan of Trump, lists his net worth at 3.1 billion. Down from previous years.

Quote: SOOPOO

Barb, friend, it is comments like this that get you labeled as a biased observer. I have seen many articles/discussions trying to figure out how many billion Trump is worth, but never a one that questions his first billion. I've seen between 4 and 10 billion if I remember. Can you link me a single credible source that states Trump is worth less than a billion?

Edit- Forbes, no fan of Trump, lists his net worth at 3.1 billion. Down from previous years.

Here's one. Top of Google Trump net worth 1990s.

https://www.theatlantic.com/politics/archive/2011/04/weve-been-trying-figure-out-how-much-trump-worth-20-years/349875/

Keep these things in mind:

Trump's companies have all been privately held. He has had to release no balance sheets.

Many Trump properties are merely a licensing agreement, and he has no percentage. Nobody knows which those are.

No information is available on what percentage he owns on any property he claims to own.

No information is available on which properties act as security for other properties, which makes them worth nothing as assets independent of their leverage (you can't count the equity twice).

Trump likely owes extreme amounts to one or more banks, but we don't know which or how much. Or what the vig might be, or what assets he put up as security for the money. Again, if he has cash, but he also has a bldg he claims to own, but got the cash by pledging/mortgaging the bldg, you can't count that twice for net worth.

Trump has many shell corporations, making tracing of his actual assets very difficult.

Note in the article, in 1990 during the divorce, when he claimed to be a billionaire, Ivana disputed it, saying it was more like 400-600 million. One of the few times someone who might know said anything.

He's also filed bankruptcy several times, and would not have been allowed to stiff his creditors in court if he had assets, though that's all very complicated law, with LLCs involved and all.

So, I'm no financial expert. But he's a constant liar and exaggerator for 30 years now. He has more reasons to lie about this than anything else he does, including as president, because it's probably a house of cards. But he needs to maintain the facade in order to draw investors and keep his companies appearing rich.

I doubt he's a billionaire.

Quote: beachbumbabs

I doubt he's a billionaire.

Just the Trump brand alone, with
no physical assets attached, is
worth several billion. Indisputable.
Unarguable. And no, just because
you don't like him doesn't mean
it's not true.

Quote: Evenbob

Just the Trump brand alone, with
no physical assets attached, is
worth several billion. Indisputable.
Unarguable. And no, just because
you don't like him doesn't mean
it's not true.

I'm talking about, if there was sunshine on his businesses, and actual assets were totaled up, it wouldn't reach a billion. But part of why he won't do that (though it may come out thru Mueller) is the intangibles like his brand name would be irreparably damaged, if not ruined. As it is, more than a few buildings have had his name removed already.