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Trump running out of (gasp) money?!

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Instead of the detractors arguing back and forth over how much money he made, it would be more amusing to use innuendo to explain how he made so much so quickly. E.g., suppose I hire contractors to build me a $1million building. Then, before paying them, I tell them I'm not satisfied, and they can either accept $600,000, or take it to the courts, where I have the resources to run them into the ground fighting.
Suddenly, I just gained $400,000 in assets merely by refusing to pay my contractors the full amount.

😛

Is it still innuendo when it's based on fact?

http://www.cnn.com/2016/06/10/politics/donald-trump-unpaid-bills-reports/

I don't know, it just feels like you are missing something. Maybe you can tie it to a murder or pedophilia somehow.
 
Instead of the detractors arguing back and forth over how much money he made, it would be more amusing to use innuendo to explain how he made so much so quickly. E.g., suppose I hire contractors to build me a $1million building. Then, before paying them, I tell them I'm not satisfied, and they can either accept $600,000, or take it to the courts, where I have the resources to run them into the ground fighting.
Suddenly, I just gained $400,000 in assets merely by refusing to pay my contractors the full amount.

😛

Are you familiar with HH Holmes, aka, Herman Webster Mudgett? He pulled shady deals like that, almost exactly like that during the 1893 Worlds Fair in Chicago, he also happened to be America's first serial killer. At least 9 victims, and estimates upwards of 200. He was a huge narcissist as well. I'm not saying that drumpf is a serial killer, but you know, the facts are there.
But yea, when he was doing his business dealings, he was a shady mofo. And truthfully an extreme narcissist.
 
Are you familiar with HH Holmes, aka, Herman Webster Mudgett? He pulled shady deals like that, almost exactly like that during the 1893 Worlds Fair in Chicago, he also happened to be America's first serial killer. At least 9 victims, and estimates upwards of 200. He was a huge narcissist as well. I'm not saying that drumpf is a serial killer, but you know, the facts are there.
But yea, when he was doing his business dealings, he was a shady mofo. And truthfully an extreme narcissist.

There we go! Nicely done sir!
 
Well, you guys are going to elect Billary, so we're definitely going to get crocodile piss with a heaping side of 1% shit. Make sure to nod your heads up and down at each other that that's not really what's going to happen. Congrats!

What would you like to see happen in this election?
 
There we go! Nicely done sir!

Thanks, I really love the backstory of the 1893 World's Fair, utterly amazing how they put that together in a relatively short amount of time and there just happened to be someone like holmes to take advantage of the 1000's of people coming to find jobs.
He built his own hotel with death rooms (literally a room he pumped gas into to kill a woman, her footprint was etched in the bottom portion of the door from trying to get out)
Hired contractors to build a single area, then fired them without paying them, married women to use them for their money and connections. A truly horrible person

Read "The Devil in the White City" if you get a chance. Great book. Really great book.
 
Well, you guys are going to elect Billary, so we're definitely going to get crocodile piss with a heaping side of 1% shit. Make sure to nod your heads up and down at each other that that's not really what's going to happen. Congrats!

You illustrate the underlying delusions of Trump devotees. First off, if he's to be believed, Trump is worth 100x that of the Clintons. He absolutely & unequivocably is a member of the financial elite in ways they never will be. He was born to it & his headset befits his place in the true Bush constituency. He has benefited enormously from the top down class warfare of the last 35 years.

But today he obviously cares about the middle class in ways that he never did before while he peddled gambling, booze, a sleazy real estate school & risky investments in pre-construction condo contracts & casino stocks. No matter what else happened, Trump made money, lots of it.

He deals in illusions & self promotion. Y'all can believe him if you want (and you apparently want quite desperately) but I can't get past the hair, the cheeto spray tan, the continuous stream of vulgarian bullshit or his history of shady self serving dealings. He's the Judas goat.
 
Most of the real estate accrues in value, although not even Trump bats a thousand. My point was that all those assets eat. Estates pay huge taxes, require expensive upkeep, have huge staffs. Private jets require hangers, maintenance, security, pilots, mechanics, stewardesses. Dozens of limos requires drivers, mechanics, car washers, licenses. As far as the company and not Trump personally, there's not much difference as it's a privately held company, not a public company. Trump owns it all. He is essentially a holding company that owns individual incorporated ventures, which allows him to sell off or bankrupt an unsuccessful venture without endangering the balance of his empire.

The basic fact is Trump's father was worth hundreds of millions in the 70's, and Jr was his chosen successor.

The rubes think that money vanished into thin air. God they are dumb.
 
Everyone with income ever has earned far, far more in their lives than they are worth. The fact that his value is lower because he spent money is true for literally everyone we would compare him to as well.

More importantly, you vastly, vastly understated the resources he inherited. More importantly, since we have no idea what his net worth actually is due to his serial lying about it it's totally impossible to know how successful he actually was at making money. If he's genuinely worth $10 billion he was very successful. He could be worth as little as a billion or even less, which would make him a terrible businessman.

He could of course clear up all of this confusion in a second if he wanted to. If he was actually worth as much as he claims you think he would be excited to do so. The fact that he hasn't indicates the skeptics about his wealth are probably right.

The reality is most americans simply don't know any rich people. When rich kids need to look self-made, their parent give them an important sounding job, and use their resources to make it appear "successful" by using other businesses/connections to pump it up.

That's why a trust fund kid can play with reality tv shows, beauty pageants and all the helicopters/jets/cars or whatever all day, when practically no legit business person has the time and most know the value of a dollar. You see this all over youtube channels about exotic cars & such, run by some kid who "produces movies" or similar.

Here we only have the lowest common denominator of society cheerleading for some aristocrat who pretends to identify with their troubles. If this were a movie based on a true story, people would leave thinking it's a parody.
 
not sure how this got so off on a tangent given this was about his campaign's money.

main point is trump isnt self funding, will likely never self fund his campaign despite what he says.
the ~$40M of loans he has made to the campaign are why big money donors wont line up. even though he says he has converted the loans to donation, there is still no official paperwork filed with the FEC(we should find out soon as june has ended).
as long as he has first claim to that 40M none of the real billionaires will donate to the campaign, which leaves his staff and ad buys starved for money.
 
Simply stunning he's earned almost no liquid assets based on his "business acumen".
Why do you think a smart person would hold large amounts of cash?


agent00f said:
That's why a trust fund kid can play with reality tv shows, beauty pageants and all the helicopters/jets/cars or whatever all day, when practically no legit business person has the time and most know the value of a dollar. You see this all over youtube channels about exotic cars & such, run by some kid who "produces movies" or similar.
Depends on how much return you want on your money. Retired people live on the interest from a lifetime of saving money. Old people usually have more money than young people even though they don't do any work. My mom still makes significantly more than the median wage, and she hasn't had a job in almost 10 years. Her day is a scaled down version of Donald Trump's day - do absolutely no work and live like a king. Go to dance class, do yoga, have coffee with her friends, go shopping, watch local TV, and then go to the ballet. She probably went on 3 cruises last year alone.

You get the lazy Donald Trump lifestyle if you just want 5-10% return on publicly traded equity. Donald is in private equity, so it's probably more like 15-20% returns. The actual deals would be put together by underlings, but he gets the profits because he's the one financing it. If you want 30%, you'll need to bust your ass and work weekends. Maybe old people can relate to Trump. They see him doing nothing and living awesome, and they say "He's just like me and my husband! He even does that bad combover thing my husband does! And he has that weird reptile tan that white people get after they move to Florida!"
 
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https://www.theguardian.com/us-news/2016/jul/02/donald-trump-net-worth-campaign-finances-us-election

He has $250M on hand after 40+ years of work, and what's really amazing is that it seems most of that cash is from his reality TV show earnings he's been banking since 2001 and his tens of millions in inheritance in 99. Simply stunning he's earned almost no liquid assets based on his "business acumen".

Didn't read the article, but holding 250million cash is a crap ton of money to hold liquid.

One would assume that he has far, far, far more than that invested in equities and real estate (obv). It's actually likely that the only reason he has anything more than ~10million lying around liquid is only because of the current campaign needs.
 
Why do you think a smart person would hold large amounts of cash?

Huh? Why does something have to be cash to be liquid, they could just as easily be in a liquid ETF and earn great market-level returns. You can even add in tax-loss harvesting and tax optimized direct indexing by paying just 0.25-0.50% annual management fees with most robo investment services, and withdraw it within hours/days. That's liquid sir.
 
Didn't read the article, but holding 250million cash is a crap ton of money to hold liquid.

One would assume that he has far, far, far more than that invested in equities and real estate (obv). It's actually likely that the only reason he has anything more than ~10million lying around liquid is only because of the current campaign needs.

The article said $250M in "liquid assets", presumably that includes equities whether they're ETFs, mutual funds, etc.
 
Huh? Why does something have to be cash to be liquid, they could just as easily be in a liquid ETF and earn great market-level returns. You can even add in tax-loss harvesting and tax optimized direct indexing by paying just 0.25-0.50% annual management fees with most robo investment services, and withdraw it within hours/days. That's liquid sir.
Businesses with steady income streams generally don't sit on large piles of liquid assets.

Examples.
Mining is a risky business, so liquidity is a big concern. There's no assurance that people will want to buy the gold your business is producing, so there needs to be some cash set aside to pay the bills.
Barrick Gold - current ratio of 2.69
People always want chocolate, so a company selling chocolate can run on a much tighter schedule.
Hershey - current ratio of 0.76
Real estate is even tighter because leases are contracted. The revenue is known long before the invoices go out.
Boardwalk REIT - current ratio of 0.42.

Businesses also have lines of credit to provide liquidity. This is called a revolving credit facility or a revolver.
 
Businesses with steady income streams generally don't sit on large piles of liquid assets.

Examples.
Mining is a risky business, so liquidity is a big concern. There's no assurance that people will want to buy the gold your business is producing, so there needs to be some cash set aside to pay the bills.
Barrick Gold - current ratio of 2.69
People always want chocolate, so a company selling chocolate can run on a much tighter schedule.
Hershey - current ratio of 0.76
Real estate is even tighter because leases are contracted. The revenue is known long before the invoices go out.
Boardwalk REIT - current ratio of 0.42.

Businesses also have lines of credit to provide liquidity. This is called a revolving credit facility or a revolver.

I'm not sure what that has to do with what I said, but thanks.
 
I'm not sure what that has to do with what I said, but thanks.

You asked why someone owning tons of real estate wouldn't hold a lot of liquid assets. My response is that they don't need to because their revenue streams are contracted, and anything that is beyond the revenue stream can be handled using a revolving line of credit.

I think I argued with another ATOT member about this a few years ago. I said I liked to sit on a year worth of cash in the bank, and he said that was silly because I should invest that money then set up a line of credit. It turns out he's right. Now most of my stuff is invested, and I have a line of credit open and ready to go if needed.
 
You asked why someone owning tons of real estate wouldn't hold a lot of liquid assets.

No I didn't. I said it's sad he didn't have more liquid assets given he acquired tens of millions of actual cash from inheritance and reality TV from 1999 until just recently. Stunning he didn't have more if he were as wealthy as he claimed to be (which, of course, he wasn't according to the SEC filing).

My response is that they don't need to because their revenue streams are contracted, and anything that is beyond the revenue stream can be handled using a revolving line of credit.

Trump has both personal assets and business-related assets. You're conflating the two a bit I think. But I get what you mean.

I think I argued with another ATOT member about this a few years ago. I said I liked to sit on a year worth of cash in the bank, and he said that was silly because I should invest that money then set up a line of credit. It turns out he's right. Now most of my stuff is invested, and I have a line of credit open and ready to go if needed.

Absolutely that is what you should do, open up personal lines of credit and invest every last drop of cash you have....except that cash can still be liquid if you're investing in, say, liquid ETF's. And apparently Trump only had $250M in liquid assets in 2012 despite tens of millions from reality TV and inheritance 10+ years earlier. Meaning he barely had any liquidity before that, though of course his finances are very complicated and opaque so who the hell really knows I suppose.
 
No I didn't. I said it's sad he didn't have more liquid assets given he acquired tens of millions of actual cash from inheritance and reality TV from 1999 until just recently. Stunning he didn't have more if he were as wealthy as he claimed to be (which, of course, he wasn't according to the SEC filing).

Trump has both personal assets and business-related assets. You're conflating the two a bit I think. But I get what you mean.

Absolutely that is what you should do, open up personal lines of credit and invest every last drop of cash you have....except that cash can still be liquid if you're investing in, say, liquid ETF's. And apparently Trump only had $250M in liquid assets in 2012 despite tens of millions from reality TV and inheritance 10+ years earlier. Meaning he barely had any liquidity before that, though of course his finances are very complicated and opaque so who the hell really knows I suppose.
Um, no. That means that Trump spends like a whole shipload of drunken sailors.

A big ship.

well these kinds of irregularities in campaign spending arent going to help.
http://www.cnbc.com/2016/07/05/ques...line|story&par=yahoo&doc=103758264&yptr=yahoo

double dipping, no records of travel, unusual amounts of spending.

When asked about the apparently unusual filing practices, Trump spokeswoman Hope Hicks said in an email that "the report speaks for itself."
SNIP
"In my view, the situation is significant if (what) we are seeing is a pattern that reflects serious problems with the campaign," Larry Noble, general counsel of the Campaign Legal Center who also worked for 13 years as Federal Election Commission general counsel, told CNBC. "If the report is speaking for itself, it's not saying anything coherent."

The Campaign Legal Center is one of those hack left wing "non-partisan" organizations that specializes in trying to maximize Democrat fundraising and electoral power while minimizing the same for the Republicans, but that retort is right up there with "Dry, sober and home with his wife."
 
Um, no. That means that Trump spends like a whole shipload of drunken sailors.

A big ship.

The Campaign Legal Center is one of those hack left wing "non-partisan" organizations that specializes in trying to maximize Democrat fundraising and electoral power while minimizing the same for the Republicans, but that retort is right up there with "Dry, sober and home with his wife."

Odd that a hack democrat organization is run by John McCain's former general counsel. Maybe he didn't get the memo.
 
Odd that a hack democrat organization is run by John McCain's former general counsel. Maybe he didn't get the memo.
Not really. Except for abortion, John McCain didn't so much reach across the aisle as live there between elections. Before he had the temerity to run against a Democrat for President, he was the media's go-to Republican to get criticisms of Republicans.

Oddly enough, McCain's replacement as "an honest Republican" (i.e. one willing to criticize whatever other Republicans are doing at the moment as long as it gets him on TV) was Donald Trump. Pubbies certainly have an odd primary system.
 
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