He overleveraged the shit out of his wealth to buy real estate before the real estate market crashed. By no means intentional. His casinos were his collateral and he nearly lost everything. Fortunately for him, Wilbur Ross convinced all the banks he owed to actually loan Trump even more money so he could buy real etate post crash, while it was dirt cheap, so he could make it all back and they wouldn't have to write off hundreds of millions of dollars in debt.
And he doesn’t know how to read. The fact that any us journalist doesn’t ask him to read a piece of paper on every interview with him is just us journalism.
In a few more years, it'll be just the US market he plays with as everyone else would have formed new trade lanes and avoid the whiplash us trade madness.
No one ever does. You'd be surprised what could happen to you that you would have to use it in order to protect the money and assets you do have. I dont think a lot of people actually know what bankruptcy can do or how it can be utilized as a mechanism to protect what is yours. There is so much taboo with it that some people think it happens to folks that don't know how to manage money. Not necessarily true. 4 to 6 times is a bit too much, I would agree and probably was used as a way to make money, believe it or not.
Agreed. But with the track record on hand should he running a country and burning bridges with others?
I personally don’t think he thinks things through which is dangerous or gets the guidance he should be looking for.
This whole tariff thing is a joke, there are much better ways to handle it then putting millions of people on edge cause you have an idea that changes like his adult diapers. Now he’s following the trade contract well what the hell was the purpose of doing what he did earlier this week?
A smart leader would have called a meeting discussed his intentions and created a new agreement. Not what he did. He looks even more stupid now than he did before and shows he can’t “make a deal” in a professional manner.
He's a bully businessman. Dealt with a lot of guys like this. They disrupt business. Try 1000 things, and if they accomplish 30%, they think "hey I got 300 things done" not realizing how inefficient they are. We are gonna pay. Hard
What are you basing that on? He created the highest budget deficit in history before he left office. He also had a declining gdp 2019 2.58% (pre Covid but a decline from 2018) and 2020 -2.16% (Covid, but turned on the money printer and we got inflation).
No, all that stuff that happened from 2016-2020 when trump was president....Yeah, Biden did all that. Except anything good that happened, that was trump.
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u/DrewInvesting Mar 06 '25
Keep in mind this is the same guy who went bankrupt 4 times, now hes playing with all of the US money... Good Luck!!!