Trump companies owe $650 million, says NY Times

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[ Editor’s note: What a shocker, Donald Trump is far less wealthy than he claims! It also appears that his much vaunted ‘business sense’ largely consists of getting people to lend him large sums of money and keeping his financial dealings secret.

Don’t forget that this is a man born into great wealth who has been bankrupt four times but keeps getting bailed out. If he had been forced to play by the rules that ordinary Americans have to live by, he would have failed miserably long ago, but there’s nothing ordinary about Trump, he’s part of the organised crime elite therefore he isn’t allowed to fail – he will always be bailed out.

At the very least, Trump should be required to make public all of his financial dealings for scrutiny, nothing should be allowed to remain ‘shrouded in mystery’ if he is to be taken seriously as a valid candidate. Of course, this is something Trump will fight hard to avoid as disclosure that he has been lying all along about his wealth would deeply undermine his campaign for the White House… Ian ]

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Times of Israel
Trump companies owe $650 million, says NY Times

Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday.

The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses.

In addition to the $650 million liabilities, “a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders,” the Times said about debt that could significantly affect Trump’s wealth.

The billionaire tycoon campaigns on what he says is his spectacularly successful real estate record, claiming to be worth $10 billion and citing his business acumen as his major qualification for the presidency.

However, he has dismissed mounting pressure even from within his own party to disclose his tax returns or allow an independent valuation of his assets.

Trump’s campaign filings show his businesses owed at least $315 million, the Times noted, saying they appear to be accurate and that Trump was not required to disclose all of his business activities.

Although the paper does not accuse him of any wrongdoing, the investigation “underscored how much of Mr. Trump’s business remains shrouded in mystery.”

The probe “also found that Mr. Trump’s fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign,” the Times said.

His lenders include one of the largest banks in China — which the Republican candidate accuses of being a US economic foe — and the investment bank Goldman Sachs, which he says influences his Democratic White House rival Hillary Clinton.

As president, the Times said, Trump would be able to make decisions that would have a major influence on his business empire and net worth.

Clinton’s lead over Trump has narrowed to four points, a poll showed Friday. According to the Pew Research Center, if the US presidential elections were held today, 41 percent of registered voters would support Clinton and 37% would vote for Trump. The two fringe candidates, the Libertarian party’s Gary Johnson and Green Party hopeful Jill Stein, would pull in 10% and 4% respectively, the survey found.

Biography
Assistant Managing Editor
Ian Greenhalgh is a photographer and historian with a particular interest in military history and the real causes of conflicts.

His studies in history and background in the media industry have given him a keen insight into the use of mass media as a creator of conflict in the modern world.

His favored areas of study include state sponsored terrorism, media manufactured reality and the role of intelligence services in manipulation of populations and the perception of events.

DISCLOSURES: All content herein is owned by author exclusively.  Expressed opinions are NOT necessarily the views of VT, authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

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6 COMMENTS

  1. At least the Clintons do not take any risks. They have a net worth of $111 million dollars. If they had been forced to play by the rules that ordinary Americans have to live by, they would have failed miserably long ago.

  2. Ian, your always writing that the ‘zionist’ controlled press is always attacking Hillary, this seems to be the opposite. I see the Washington post has a nice article about hillary making plans for her presidency because of her big lead. I try and analyze the news as much as possible but fail to see the prop up of Trump and the attack on Hillary.

    • It’s not hard to spot the attacks on Hilary. The entire emails fiasco for instance, a totally fabricated ‘scandal’ by the Israeli agent Julian Assange and his Wikileaks disinfo operation. The emails story should have been put to bed a long time ago when the FBI said no charges were needed but the media has kept on and on at it regardless of the fact that they will never be able to pin anything on Hilary from the emails because there is nothing to pin on her. Another one is this nonsense about her deteriorating health, that she may have Parkinsons etc. Totally fabricated, no basis in reality at all. Older examples include the Mena, AR drug running that never happened, another fabrication and most obvious of all – Monica Lewinsky, another Israeli agent who was used to target Bill because of his support for the Palestinian peace process. The Clintons have been the arch enemies of the Neocons for a long time.

    • If only the media would instead focus on the real problems with Hillary Clinton that could be really pinned on her…. But somehow they never investigate and or report any of this. Obviously most of the movers and shakers inside the Beltway are bought and payed for. And are in one way or another subject to committing immoral acts. According to VT. With the strange exception of the Clintons or Obama.

  3. Hmm…Trump keeps his personal matters private, not secret – the difference is the agenda. An example of privacy is to file bankruptcy at a financial loss, whereas secrecy is to file bankruptcy at a financial gain. Of what Americans know, Trump represents privacy, whereas Clinton represents secrecy. (Jungian theory of neurosis)

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