Tuesday, January 23, 2018

Trump's wealth comes from money laundering, and it's gotten worse since he entered the White House

https://www.dailykos.com/stories/2018/1/12/1732169/-Trump-s-wealth-comes-from-money-laundering-and-it-s-gotten-worse-since-he-entered-the-White-House
"In 2000, Donald Trump was broke. His casino projects were bankrupt, his credit was shot, his business pretty much out of business. He could still pretend to be Donald Trump, big time real estate guy, but the truth was there was nothing left of him but a name. And then, just like that, Trump was back in the game, selling New York real estate at ridiculous prices and planting his gold-plated letters wherever he went. Trump likes to pretend that this was the tale of a brilliant comeback and realizing the value of his own name. In truth his licensing deals never amounted to more than peanuts and his involvements outside real estate cost far more than they made. The influx of money came from a simple change in tactics — Trump made it clear that he was willing to look the other way when money came in from shady, overseas deals."