Money laundering 202. Take other people's money, launder it for a commission until your operation runs out of steam. Run the business into the ground so you can walk away with no debts and huge write-offs. Rinse. Repeat. The Economy of Failure.
Trump is well on his way to helping Elon Musk bankrupt Tesla and what a claim to fame that would be! Imagine saying you helped the richest man in the world bankrupt one of his companies.
David Cay Johnston, author and investigative reporter, first met Trump in 1988. Later, he wanted to find out how much Trump knew about casino operations. He had lunch with him. Johnston fed Trump misinformation about casinos and how they worked and Trump regurgitated that info back to him.
Make people pay to bet? Cover charges to get in and charge triple for meals? That'd be a Trump approach to running a casino. "People losing their shirts here have been getting in free for too long!"
True. He introduced reciprocal tariffs on all gamblers when buying chips. The tariffs were calculated based on the amount won divided by the bet amount. Losers had to pay a 10% base rate. For the most successful players had to pay more than 100%
which caused some revenue problems.
The casino orange turd bankrupted was his private property, the US is NOT his private property. The US belongs to "We, the people."
It seems the idiot in the WH & MAGA are all for bankrupting the US economy because the penguins are taking advantage of the US? 41% tariffs on the Falkland Islands??
To me, it’s pretty plain to see that he was skimming money and most likely laundering it. Casinos are cash businesses. The receipts can be funged. We are not children. The bankruptcies were engineered. The livelihoods of those impacted were collateral damage. Tell me I’m wrong.
The “what the fuck” of it all is why he didn’t keep doing that. With casinos, the house always wins, right? Where the house of cards comes crumbing down is excessive greed. Tell me I’m wrong.
But a better question is, how could Trump bankrupt a casino BUT still walk away not only without losing a dime but actually with a profit.
Then ask what he will walk away with this time as the country's burns and crashes by his hands.
Oh, Im sure, but the point is when people say he bankrupted casinos they really need to add that last part to understand he fails on purpose for his own profit.
And ALL the Speaker of the House would have to do is bring forward a vote to declare Trump's Tariffs are NOT Emergency's... THATS IT... Save America's economy or bend the knee to America's fascist... Guess what penis-head Mike Johnson chose?!😠
Trump is as bankrupt morally as he has been financially.
An ideological moron is destroying our country and *IF* we survive, all Dems and Repubes need to draft legislation to reduce the powers of the Executive Branch and/or improve proper oversight and separation by each of the three branches.
Once again, Trump proves to be a genius at branding:
Liberation Day
And as a clever man once said,
"Freedom's just another word for nothing left to lose"
Very simple. He borrowed money against the value of the casino, using it as collateral. He kept borrowing until the loan was upside down, at which point he declared bankruptcy and skipped town with his pockets stuffed with cash, leaving the tax payers of New Jersey with a $400 million debt.
Is everyone FINALLY ready to acknowledge he was NEVER a good businessman?
I know the GOP in DC would never say it publicly, but I'm pretty confident there were at least 40 more Republicans in the Senate & at least 100 in the house that were relieved
My question is, what does he have on those Republican congressional members? None of them have a chance in hell at reelection. There’s not even a place for them in Thiels technocracy.
They're counting on the massive disinformation ecosystem they've nurtured for decades to confuse and incite the base into continuing to support them. They're not wrong.
It took a lot of the casino winnings to gold plate his offices. Then during bankruptcy asset liquidation, they discovered the gold leaf plating was fool's gold. Somewhere on a tropical island there's a very comfortable ex-contractor.
Exactement. But it took a reality tv show to make Americans believe he is a genius. It also took a tv show ( the Donna Reed show) to make you believe America is great. I guess Americans love living in a dreamland.
Do you know the story of how Fred Sr once bought chips at Trump's casino?
He walked in, bought a butt-load of chips, walked out with them and left the $ with Donald...b/c Donald couldn't pay the rent for the casino that month.
This is my 1964 edition of Samuelson’s Economics from my Economics 101 course. It’s likely the very same edition that Trump didn’t bother to read at Penn.
Been saying this for 10 years! How Trumpf did the AC casinos was a microcosm for what he would do to America. Nobody seems to remember what Trumpf was like before The Apprentice? His reality persona is a total fiction. Pocket & screw over has always been his M.O.
Did you guys watch @maddow.msnbc.com tonight. Dang she's great at teaching. Tonight the senate voted to take away emergency powers over the economy from Trump. But the house won't even get to vote bc Johnson has declared the house one working day for the rest of the year. Call your representative!
Chris Murphy says the bankrupting is the point. As much as I don't wanna be tinfoil hat guy, I can't help but see his line of reasoning or in thinking there's something more sinister at play. Seems like the purpose is to hurt Americans.
He just happens to really believe that every interaction is just real estate haggling.
The sad truth is he's simply a crook with animal cunning who took over the Republican party cause he realized they had no principles except desire for power.
Comments
He is trying to change America in his image and likeness.... while it blows up in his face, WE the People take the fall...
If you voted for this, thank you for absolutely, positively NOTHING!!!
https://myferretsatepepethefrog.blogspot.com/2025/04/wine-of-wrath-of-god-american.html
Trump is doing as his boss wishes.
He achieves it over and over again on spectacular levels,
but what does it say about those who worship him??
Half of America clearly has a self esteem problem
which caused some revenue problems.
It seems the idiot in the WH & MAGA are all for bankrupting the US economy because the penguins are taking advantage of the US? 41% tariffs on the Falkland Islands??
It's a given.
like Ricky Bobby.. except Trump is “just a big, hairy, American [losing] machine..”
Then ask what he will walk away with this time as the country's burns and crashes by his hands.
Gross incompetence and/or wholesale theft.
That's Trump's fucking life story.
An ideological moron is destroying our country and *IF* we survive, all Dems and Repubes need to draft legislation to reduce the powers of the Executive Branch and/or improve proper oversight and separation by each of the three branches.
Liberation Day
And as a clever man once said,
"Freedom's just another word for nothing left to lose"
Mob 101
He bankrupted four casinos.
But I'm sure this will be fine.
I know the GOP in DC would never say it publicly, but I'm pretty confident there were at least 40 more Republicans in the Senate & at least 100 in the house that were relieved
However, Atlantic City did get hit by a hurricane so I assume this is why
Impeachment. The only way to save the country.
https://www.fincen.gov/news/news-releases/fincen-fines-trump-taj-mahal-casino-resort-10-million-significant-and-long
https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019
(There were signs & they were unmistakable).
He walked in, bought a butt-load of chips, walked out with them and left the $ with Donald...b/c Donald couldn't pay the rent for the casino that month.
He just happens to really believe that every interaction is just real estate haggling.
The sad truth is he's simply a crook with animal cunning who took over the Republican party cause he realized they had no principles except desire for power.
Import
Tax
TIT for short
Tariffs. Maybe 🇨🇦 PM’s & 🇲🇽 Prez knew what they were doing.
🇺🇸 is unstable and we came out of today better than many could have imagined!
🇨🇦 Vote Liberal! 🇨🇦
#CanadaStrong