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Rudy Giuliani's big reality-show reveal: The "billionaire" in the White House is broke
Trump is not a billionaire. Billionaires do not have to borrow money from their attorney to pay hush money https://www.salon.com/2018/05/04/rudy-giulianis-big-reality-show-reveal-the-billionaire-in-the-white-house-is-broke/
The way that Trump “funneled” hush money to a porn actress just 11 days before the election sure makes it look that way. This would be consistent with four decades of Trump claiming vast wealth, but not being able to pay his bills as they come due.
As you read what follows keep two thoughts in mind.
First, would any billionaire need months to pay a $130,000 bill?
Second, there is not now and never has been a shred of verifiable evidence that Trump is or ever was a billionaire, a myth I first demolished using his own net worth statement prepared for a lawsuit in spring 1990.....
Maybe these comments will get political journalists to stop making a claim that Trump has himself taken back and to look hard at whether his fortune is really just massive cash flow, not wealth. And much of that cash flow may be going to pay interests on debts that, because of loopholes in federal ethics and campaign finance laws, he has not been required to disclose.
As readers of DCReport know, Trump last year claimed to be worth just $1.4 billion. That figure, attested to by Trump under penalty of perjury, is a nearly 90 percent reduction from the more than $10 billion he touted on the campaign trail.
Even that much-reduced net worth figure is grossly inflated. For example, Trump claims his Scottish golf courses are each worth more than $50 million. That’s odd because in recent years they have lost tens of millions of dollars, British disclosure statements show.
If put on the market the Scottish courses might well fail to attract any buyer because their value, including debt, appears to be less than zero.
As you read what follows keep two thoughts in mind.
First, would any billionaire need months to pay a $130,000 bill?
Second, there is not now and never has been a shred of verifiable evidence that Trump is or ever was a billionaire, a myth I first demolished using his own net worth statement prepared for a lawsuit in spring 1990.....
Maybe these comments will get political journalists to stop making a claim that Trump has himself taken back and to look hard at whether his fortune is really just massive cash flow, not wealth. And much of that cash flow may be going to pay interests on debts that, because of loopholes in federal ethics and campaign finance laws, he has not been required to disclose.
As readers of DCReport know, Trump last year claimed to be worth just $1.4 billion. That figure, attested to by Trump under penalty of perjury, is a nearly 90 percent reduction from the more than $10 billion he touted on the campaign trail.
Even that much-reduced net worth figure is grossly inflated. For example, Trump claims his Scottish golf courses are each worth more than $50 million. That’s odd because in recent years they have lost tens of millions of dollars, British disclosure statements show.
If put on the market the Scottish courses might well fail to attract any buyer because their value, including debt, appears to be less than zero.
15 replies
= new reply since forum marked as read
= new reply since forum marked as read
Don the Con is so broke.... 
Was howling with laughter 
