First let me get this out of the way. I’m not trying to change any minds about the upcoming election. One way or another the piper will be paid and there is nothing any of us can do to affect it which leads to the second thing we need to clear up in advance. If you are a sucker, dupe, a financial moron or otherwise an imbecile I’m not going to tolerate Facebook quality comments from people that barely passed high school who in February were all shithouse MPHs before graduating to become shithouse epidemiologists. That kind of ignorance can stay on Facebook. Slabbed has been following the money for 13 years because money doesn’t lie, unlike sociopaths or useful idiots to sociopaths.
Let’s start as it unfolded on the Slabbed twitter account because it was there I first revealed my thoughts:
The early reporting failed to answer the most basic question anyone could ask, “How was Trump funding those losses?”. There is no such thing as a money tree or Santa Claus and the IRS does not allow hypothetical losses against income. Having prepared taxes for over 30 years the only businesses I’ve witnessed posting losses year after year all ended up in bankruptcy or otherwise insolvent and closed. Its a simple economic fact of life but there is more here because Trump doesn’t just live, he lives large and in charge paying hookers hundreds of thousands more than he does in taxes so something else has to be in the equation. Luckily for everyone there are some very sharp people on Twitter.
Davidson’s entire 17 tweet thread is well worth reading but it boils down to this:
“But the overall picture is crystal clear: Every year, Trump lends millions to himself, spends all that money on something, and claims the asset is worth all the money he spent.” ~ Adam Davidson on Twitter
He appears to be playing Ring around the Rosie parking losses in fixed assets World Com style. There is no economic substance to recycling money this way but it is common in money laundering schemes. Davidson comes right out and says it:
Maybe someone that understands business better than I can come on here and explain how Trump has been funding massive losses all these years, beyond the massive amount of debt he is in which raises a whole other host of national security concerns since Eric Trump has bragged about the money they get from Russian banks. This in turn explains why Papa Trump won’t confront Vladimir Putin over those bounties Putin put on the scalps of our soldiers in Afghanistan. It explains a lot of the past 4 years. I suspect Slabbed will be having more on this subject.
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. ~ 1 Timothy 6:10
“In all those stories about people who sold their souls to the devil, I never quite understood why the devil was the bad guy, or why it was okay to screw him out of his soul. They got what they wanted: fame, money, love, whatever—though usually it turned out not to be what they really wanted or expected. Was that the devil’s fault? I never thought so. Like John Wayne said, “Life’s tough. It’s even tougher when you’re stupid.” ~ James Anderson, The Never-Open Desert Diner