• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Donald Gump's Trade Strategy

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Gosh - Who Knew?

    You may have heard about Dishonest Don's failing casino being bailed out by father Fred illegally purchasing gambling chips with no intent to gamble (what kind of businessman loses money on a casino? This turns out to be the tip of the iceberg ; the NY Times has conducted a major investigation into the various ways the daily liar's version of how he got rich, as the master dealmaker who broke free from his father’s “tiny” Brooklyn and Queens real estate operation and built a $10 billion empire to be just more self serving BS.

    In fact
    By age 3, he was earning $200,000 a year in today’s dollars from his father’s empire. He was a millionaire by age 8. In his 40s and 50s, he was receiving more than $5 million a year.

    In Mr. Trump’s books and TV shows and on the campaign trail, a central trope of his self-mythology has been that, as he began building his own empire, the only financial help he got from his father was a $1 million loan. Not only that: “I had to pay him back with interest.”
    In fact, The Times found, Fred Trump lent his son at least $60.7 million, or $140 million in today’s dollars. Much of it was never repaid, records show. [...] All told, The Times documented 295 distinct streams of revenue Fred Trump created over five decades to channel wealth to his son.
    Many of these wealth transfers were legally dubious at best. It looks very much like the US has bought in wholesale to a myth created by a liar and a fraud.

    11 Takeaways From The Times’s Investigation Into Trump’s Wealth - The New York Times

    Of course, the Donald could silence some of this criticism by publishing his tax returns, as every other modern president did. Equally obviously, he won't. The scary thing is that this is the new 'normal' - most of the comments to the NYT Editorial start ....'Is anyone surprised?'

    Strange Times.
    My subconscious is annoying. It's got a mind of its own.

    Comment

    Working...
    X