Monday, March 19, 2018

Trumping Trump


A number of years ago, Donald Trump's company bought a property in Palm Beach, Florida for $40 million and sold it a few years later to a Russian oligarch for $100 million. Also, this company has sold condos in Trump properties around the world ... mostly bought through shell corporations for some hundreds of million dollars in cash to, again, Russian oligarchs and Chinese poobahs trying to secrete (launder) money out of their countries around currency transfer restrictions.

The Trump organization has paid little taxes on these tidy profits because of a $900 million tax-loss carry-forward from its disastrous bankruptcies in the early 1990s. These catastrophic losses were then ameliorated by some generous loans mostly from Russian banks ...  which kept the whole Trump organization from going belly up (and also bailed out many U.S. banks which had lent Trump money.) Trump, feeling obliged to Russia and China for these previous business transactions (among other likely strategic reasons), has been reluctant, since becoming president, to being overly confrontational to these two historic U.S. enemies.

That, dear readers, seems the essence of what charges likely will be forthcoming from Special Counsel Robert Mueller against President Trump within a few weeks of the midterm elections in November. No Russian election collusion, no obstruction of justice, nor any real expectation of getting an impeachment vote in the House, let alone a conviction in the Senate. This type of sweetheart financial dealings are so commonplace in both U.S. political parties that it would be the height of hypocrisy for enough of these quasi-criminal pols to suddenly find Jesus.

Thus, Mueller's bombshells would be all about flipping the House and Senate to the Democrats ... and getting back at Trump for besmirching some of Mueller's fake-Republican buddies.

12 comments:

Con Vic Shun said...

You seem to like people who live near the dark edges of the earth. I'll be you would have rooted for Al Capone and Bugsy Segal had you chance. Thankfully, Stormy is waiting in the wings to blow down Trumps delicate neck.

Con Vic Shun said...

Another thing. This seems to be a pure case of money laundering. The whole Trump camp is going down for money laundering. That, my friend, is not a little thing.

George W. Potts said...

It seems to me that it was the Russians and Chineese who were laundering the money.

George W. Potts said...

You progs delight in Stormy. I doubt if Trump really cares that much. Just don't bring her into the Oval Office.

ChillFin said...

Read https://narativ.org/2017/08/20/politics-of-greed/. Trump and Jared are not really such business men as they are crazy in debt to Russia. It really is complicated. Rebekah Mercer’s husbands ties to Wall Street as well as the Kremlin are very interesting.

George W. Potts said...

And the Clinton Foundation has decided to give back to Russia the $130 million it got just before the Uranium One deal [NOT]. But Billy
Bubba has refused to part with his $500.000 bribe.

ChillFin said...

The flow of Russian oil money to Trump’s businesses and the meddling of information by Russians and Bannon make the Clinton transgressions look petty. But to your point, you cannot justify one crook by pointing out another one.

George W. Potts said...

Yes, but we were given no other choice. It is a lesser of two evil thing ... much lesser. Is there anyone even close to honorable in that great dismal swamp in Washington?

ChillFin said...

Actually we were given other choices but the machinery churned to bring down every candidate and party except Trump and Clinton.

George W. Potts said...

Yes, a few might have been cleaner than Trump, but none could have beaten Crooked Hillary. Wait! How could they be cleaner? They were politicians too!

ChillFin said...

Horsepuckey! I thought Kasich (R) vs. Sanders (D) would have been a quite sane and honest choice.

George W. Potts said...

But, but Sanders (S) would not have gotten his lakefront house ...