Drudge Retort: The Other Side of the News
Tuesday, September 29, 2020

Bob Cesca: Thanks to the latest bombshell story from the New York Times, revealing previously unknown details about Trump's tax returns, we finally have solid confirmation that his wealth and his status as a successful businessman are just as fake as his presidential record and his dairy-swirled hair.



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Bankruptcy #7 on the horizon? Overall, Trump owes over $1 billion and it's coming due in the next few years.

At least he ran the US like he ran his business since he's bankrupting us as well.

#1 | Posted by censored at 2020-09-29 10:44 AM | Reply

Full title from the article: "Trump's resort business is collapsing " is that why he pushed to reopen the economy?"

Interesting question.

If the answer is "yes," then that would mean that Pres Trump is so self-centered and uncaring that he would rather see Americans die than to have yet another business failure(s) on his record.

#2 | Posted by LampLighter at 2020-09-29 12:16 PM | Reply

#2 - not "if", but "because".

Trump is in trouuuble.

I hope his resorts and buildings worldwide are just ignored.

#3 | Posted by redlightrobot at 2020-09-29 01:33 PM | Reply

His resorts have never made a cent. Could be he's using them to launder money. Money from somewhere appears as 'loans' to the resorts after Trump inflates their values, then declares they've gone down in value for tax purposes.

Donald Trump has never been a successful businessman, but thanks to Mark Burnett, he played one on TV.

He blew through his $400,000,000 inheritance. Burnett's "Apprentice" gave him a lifeline that padded his pocket by over $400,000,000 in direct payments and endorsements, but he blew that too and is now facing $421,000,000 in loans coming due over the next four years, for which he hasn't paid a penny in principal.

The reason he cozies up to Putin and Erdogan and their like is becoming more and more clear: He's broke and needs foreign money to keep his house of cards from collapsing, regardless of where it comes from and who he'll owe it to.

#4 | Posted by AMERICANUNITY at 2020-09-29 02:53 PM | Reply | Newsworthy 4

@#4 ... He blew through his $400,000,000 inheritance. Burnett's "Apprentice" gave him a lifeline that padded his pocket by over $400,000,000 ...

imo, there is a big chunk of time and transactions between the two you mention in the part I quoted.

For example...

Citizen Trump blew through his inheritance in the late 1990's and very early 2000's.

It seems he got hundreds of millions of dollars from "somewhere" to help finance his buying spree in Scotland circa 2000 thru 2005.

The Apprentice money came a bit after that.

#5 | Posted by LampLighter at 2020-09-29 07:01 PM | Reply

#5 | Posted by LampLighter

Trump bought Turnburry (Scotland) in 2014.

We know U.S. banks quit lending him money in the 1990's.

In the past, his sons have said they got a lot of money from Russia, Deutsche Bank is another source, though questions remain about whether or not Russian oligarchs deposited amounts that closely correlated with Trump's loans from them.

There were arrests for fraud and money laundering. If I recall correctly, former SC Justice Anthony Kennedy's son, who led their real estate division during a period when DB lent Trump over $1 billion, left his position there during that turmoil. It isn't beyond possibility that SC Justice Kennedy resigned his SC position over something the Justice Dept may have been planning against his son. We'll probably find out in the coming years.

#6 | Posted by AMERICANUNITY at 2020-09-29 07:16 PM | Reply | Newsworthy 1


#7 | Posted by RightisTrite at 2020-09-29 11:33 PM | Reply

How do you bankrupt casinos? Only DT knows.

#8 | Posted by Jaspar at 2020-09-30 03:15 AM | Reply

When Trump needs money, he goes where the money is. Saudi Arabia doesn't mind helping losers like Trump when they get in financial trouble. They bailed out one of Kushner's white elephant hotels for majority ownership and management control. It seems like Saudi Arabia is always picking Trump up by the seat of his pants. A few million dollars here and there is chump change to the Royal family.

Of course, the penalty for back stabbing is a tad gory. That's something a serial back stabber and notorious defaulter on promises, like Trump, has to consider.

What are the odds?

#9 | Posted by Twinpac at 2020-09-30 06:12 AM | Reply

It could be an unusual circumstance in late 2021 when former president Trump 'sells' his Florida holdings to groups of Saudi and Russian 'investors', muttering that he "made millions". Ivanka and Tiffany are traded away for $50,000 cash each. Meanwhile, Jewish residents of South Florida will be left to think twice about the new 'hosts' at their Doral and Mar-A-Lago clubs...

#10 | Posted by catdog at 2020-09-30 01:27 PM | Reply

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