Advertisement

Drudge Retort: The Other Side of the News
Thursday, July 03, 2025

New York Time reporter Russ Buettner reviewed 2,000 documents filed in a legal action against Donald J. Trump for a more complete understanding of his financial state than was previously known.

More

Alternate links: Google News | Twitter

Contrary to President Trump's assertions, records filed in a fraud case against him suggest that his finances were not the product of a steady and strong empire. Instead, Trump's wealth is now built on monetizing the family name in new ways and, intentionally or not, the office of the presidency.

[image or embed]

-- The New York Times (@nytimes.com) Jul 2, 2025 at 2:00 PM

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

... and now he seems to be selling his occupancy of the Oval Office to the highest bidder ...

#1 | Posted by LampLighter at 2025-07-03 06:49 PM | Reply

Intentionally

#2 | Posted by LegallyYourDead at 2025-07-03 08:28 PM | Reply

We're descending into fascism because the figurehead is only interested in his own wealth and above the law status while he employs people whose motives are genuinely dangerous and anti-American because it suits his self-serving purposes.

#3 | Posted by jpw at 2025-07-04 02:00 AM | Reply

__________
Trump's Finances Were Shaky -- Then He Began to Capitalize on His Comeback

Nothing new here - he's made most of his money (F-U money) through politics and money-laundering, including and starting with his first Manhattan "real estate deal" with Pritzkers' Hyatt... which, of course. ended in acrimony:
www.thedailybeast.com - Trump's Bitter Personal Feud With Rival Billionaires Is Behind His Harvard Hate Campaign

He was never in Top 10 Developers List in New York City or New Jersey, or successful in many other enterprises he branched into (airlines, casinos, food. etc.). Most of his golf courses are losing money and financed with Russian mob money.

Just one example of Trump property at a very prestigious location that is worthless, and losing money due to low occupancy:

www.curbed.com - The Weird Worth of 40 Wall Street | Donald Trump's most troubled real estate could soon become a slick machine to curry favor with the president. - Oct. 31, 2024 (a week before election - loan supposedly has just been paid off at the end of June 2025; with all the money thrown at Trump since election**, especially through crypto and obscure public and pre-IPO/reverse merger/SPAC companies where Don Jr and Eric are invited to be on Board) it would be embarrassing to default on very visible "Trump property" in NYC.)

As far as real business is concerned he's been a huge failure all his life, and is well known for breaking agreements / "deals" he negotiated. Most of people who have previously done business with him have turned against him, some ended up in bankruptcies or even in prison... which doesn't bother him a bit as long as he can move on to the new scam and grift - and phony "populism" allows to do this bigly. As well as propensity to offload his personal debts onto other "investors," particularly via worthless public companies (like DJT - 1st and 2nd).

His branding income is only supported because of the office he holds, when "investors" think they can capitalize on it, directly or indirectly; most of it pretty much disappeared after he lost to Biden.

As I've said before - his goals are to stay out of jail, get Nobel Peace Prize or attach his name to something considered positive and consequential in history ("Abraham Accords"! "Trump Accord"!) to wash off his impeachments and dismal record and polling, and grab as much cash and embed his dumb and dumber sons in sustainable "Trump" branded businesses.
.

**
www.forbes.com - Don Jr. And Eric Trump Landed $3 Million In Stock For Joining Firm's Advisory Board That Had Little Public Presence Before Their Appointment (DOMH) - 2025-04-17

smokinggun.org - Trump Jr. Becomes GrabAGun Director Ahead of IPO - 2025-04-14

nypost.com - Donald Trump Jr. joining board of BlinkRx - 2025-02-06

www.reuters.com - Eric Trump-backed American Bitcoin to go public through all-stock merger - 2025-05-12

www.coingabbar.com - $620M in 6 Months | Who is Building Trumps Crypto Empire - 2025-07-03

etc., etc.
__________

#4 | Posted by CutiePie at 2025-07-04 02:37 AM | Reply

The following HTML tags are allowed in comments: a href, b, i, p, br, ul, ol, li and blockquote. Others will be stripped out. Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Anyone can join this site and make comments. To post this comment, you must sign it with your Drudge Retort username. If you can't remember your username or password, use the lost password form to request it.
Username:
Password:

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy

Drudge Retort