This is ridiculous, but it’s also as satisfying as hell. Because what it shows us is that Trump doesn’t have 2 kopeks to rub together. Let’s just look at a few simple facts.
Traitor Tot has literally spent decades referring to himself as The King of Debt. You know what that means? He’s a total failure. Here’s how he runs hit POS business. He cons banks and investors into going into business with him to purchase properties and build upscale buildings on them. The investors and lenders are counting on a healthy return on their investment. But here comes the con.
Trump pays himself and his company a healthy salary from the public sale of the property, and his ownership. Here’s the bait and switch. Trump then immediately turns around and immediately takes his ownership of the new property, uses it to take out bank loans totalling as high as 90% of the property value, and banks it for future deals, as well as continuing to pay himself and his rat brood a princely salary.
Trump. Doesn’t. Actually. Have. Any. Money! The only money he actually possesses is the salary he draws from his deals and his branding projects. Trump may actually be able to claim that he has $5 billion in property, but $3.8 blion of that is tied up in secured and second mortgage loans. If Trump’s lenders banded together tomorrow and pulled a margin call on him, demanding payment on his lowns? Trump would spend the rest of his misbegotten life in a 3rd floor, cold water walkup apartment in Brooklyn. The stupid shit has overextended his dumb ass to the point of no return.
We already saw this debacle play out ih real time with his infamous 4 hotel-casino bankruptcies in Atlantic City. Any moron can tell you that as long as you balance your sports book, you can dsmn near give the rooms away, and still make a healthy profit from your casino. That’s how Vegas survives. But in construction,Trump went overindulgent in nonsensical gilt schlock, and as a result, his bank loans were unpayable even if the casino performed at 115%!
This world shattering announcement today is the final nail in the coffin. Trump is in financial extremis. Let’s look at it this way. Trump basically wants $100 a card for multiple cards that are non transferable. If Trump can manage to con 100,000 brainless Trombies to pony up, that means that means that he walks away with a cool $10 million, minus the sites fee.
But here’s the McGuffin. What kind of a self respecting multi billionaire needs to fleece his followers for a lousy $10 million? And if Trump is in this kind of durance vile, that must mean that the RNC is balking at continuing to pony up for all of Trump’s legal fees. Keep an eye on this. The numbers just don’t match up.
Truth Social dropped 10% on the stock market today. Also, we don’t know what Digital World Acquisition Company is going to do. Trump’s “CEO” has been getting extensions and nursing the thing along, but that can’t happen forever.
Maybe he will end up back on Twitter when Truth Social goes belly up. Or, he could go to Parler, but Kanye isn’t buying that anymore, so who knows what shape its in, either?
Imagine for a moment the Twitter spat that would ensue with Musk and Trump battling for the dubious title of Top Twitter “Star.” Not a pretty picture is it? Here’s where it gets really fun. Musk has proven he’s as thin skinned as Trump AND a willingness to ban (or at least suspend) those who don’t sufficiently worship him on the platform. Trump wouldn’t be able to contain himself from taking shots at Musk and that would put Musk in a fix since Trump is the only officially declared Presidential candidate! Oh Elon, rescinding Trump’s ban recently you really stepped in it without realizing it! Trump WILL wind up back on Twitter and he WILL take advantage of your policy about people running for President (and other stuff) to go after you just like he does anyone else. And you NEED the money Trump’s Jerry Spring Show outrages would bring in. Anyone who doesn’t believe Trump will, having a big, juicy target he can fuck with do so just for the fun of it is kidding themselves. So, Musk can ban Trump again and take massive shit for doing so, or wind up making what Trump put Jeff Sessions through look like a cake-walk. (Or a bag of KKKeebler Elf cookies!) The rest of us? As I always say, entertainment is where you find it.
Well they did say they’d stop paying his legal fees once he declared himself as a candidate – which he did (so I would guess they did).
In short, he’s verkakte
Those who support Donald Trump deserves everything he gives them.
After yesterday’s announcement, paying a similar amount for the Legendary Edition of the Marvel’s Midnight Suns game suddenly looks less wasteful.