TFG's statement on MAZARS has shocking sleight of hand!

[Grasswire2]

Check this out.

That figure was puzzling me, puzzling me.

And here someone has questioned it in a tweet. See Otto's reply to George Conway.

Link to tweet

?s=20&t=K8anBO10HxyGZA4YMvUt2g

[madaboutharry]

1. It's called "Alternative Math."

:

[Ohio Joe]

2. I was thinking 'voodoo economics'

[PatrickforB]

11. LOL. Well, they DID pioneer the term, "Alternative facts," so can alternative

math be far behind?

[tosh]

18. DUZY!!!

[malaise]

38. LOL

[Baked Potato]

3. Get John Barron on the line, pronto! He'll straighten this out! Nt

[dalton99a]

4. Accounting 101, Trump University

[Ocelot II]

5. That makes no sense at all.

[Tommymac]

6. I speculate Jr. wrote that when he was high. nt

[C_U_L8R]

7. Why is this proxy clown Harrington allowed on Twitter?

And why is she allowed to break every damn rule.

[Brainfodder]

8. I just checked her feed, same old lying sacks.....

So yeah WTF!

$?

[SWBTATTReg]

9. Liar, liar! Pants on fire!!

No one believes you anymore. Not even your former accounting firm even.

Why do you think anyone else is going to believe you now?

[C Moon]

10. "All their bags are packed and they're ready to go..."

[PatrickforB]

12. Yeah, let's hope that instead of leavin' on a jet plane, the Trump crime family will be

leavin' on a prison bus. To Leavenworth.

[C Moon]

15. I just think they will try to flee before going to prison.

[Grasswire2]

19. They do have waterfront properties.

Mar-a

and also the Kushner property is waterfront.

[SergeStorms]

20. They'll always have a place to stay....

at Putin's multi-million dollar dacha, or even in the Kremlin itself.

Of course he'll have to supply his own Russian sex workers for his relaxing golden showers.

[C Moon]

24. More likely, he'll have some of his MAGA's hole them up until the 2024 election.

But I guess that would be tough: as tfg called our Whitehouse a dump.
They'll want their gold toilets, McDonalds, KFC, etc

[BobTheSubgenius]

13. As noted above, this stupid little summary makes no sense at all.

What could "Total liabilities and net worth" possibly mean as an aggregate? Total assets minus total liabilities equals net worth, more or less.

I can't even envision an explanation that could reconcile this incongruity.

[ShazzieB]

21. I know next to nothing about accounting, and even I know that's ridiculous!

[BobTheSubgenius]

46. At the risk of damning with faint praise...

...you know more than Drumpf.

[colorado_ufo]

14. And . . .

the line right above it (with the red marker through it) that just says "Net Worth" is LESS than the line that says "Total Liabilities and Net Worth." How do liabilities increase net worth?

[SergeStorms]

22. Only in the mind of Donald Trump.

He counts on everyone just taking his word for it, just like his accountants.

[AZLD4Candidate]

16. That just made my brain hurt.

[SergeStorms]

17. When I took Accounting 101 in College....

there were credits (assets) on one side of the balance sheet, and debits (liabilities) on the other side of the balance sheet.

Now I know there have been many advances in accounting since 1965, and I've given a simplified example of an accounting balance sheet, but never, never were credits and debits added together on either side.

This must be some very creative bookkeeping system devised by Mr. Trump. No wonder he states his net worth to be in the tens of billions.

What a schmuck.

[keithbvadu2]

23. This is from the acct'g firm or just from Trump?

[Grasswire2]

31. Trump

Several pages long.

[DanieRains]

25. I Figured It Out TFG Is Pleading Stupidity

Understands nothing about accounting, or numbers.

All he's got.

[Grasswire2]

26. Did you see this gem from his statement?

Link to tweet

?s=20&t=K8anBO10HxyGZA4YMvUt2g

[yardwork]

41. I wasn't aware that Hillary Clinton is running the Manhattan DA's office.

Good for Hillary!

[obamanut2012]

42. Right?

[yardwork]

43. I mean, that woman can multitask!

[FakeNoose]

27. "Total liabilities and net worth"

Here it is folks, the sum total of all my bills PLUS all my cash in the bank.
Notice that it's not the DIFFERENCE between the two. Yep, this number means nothing!

[Grasswire2]

28. my only credential for knowing anything about accounting...

...is that I was married to an IRS Chief of Audit Division for a large region.

In other words, NOTHING.

But I shook my head and shook my head at this one when I saw it.

Total fraud. Total fraud.

[dchill]

29. I'd have to call that "slurry math."

[Laura PourMeADrink]

33. His MO is never to show weakness. Probably never liked the sound of

Assets - Liabilities = net worth. Too negative So he decided to just change it and add in liabilities . Lol. Sicko

We have GOT to be at the beginning of the end. Lost his accountants so he's thinking he's SO smart he can do it. He was smarter than his lawyers so he took J6 into his own tiny hands.

[Permanut]

30. And no information whatsoever about the liabilities.

[Beastly Boy]

32. I can explain. It's easy.

The "little people" like ourselves subtract total liabilities from total assets to get net worth.

But Trump adds total liabilities to his net worth because he never intends to pay what he owes, ever. Ergo, whatever the poor suckers lent him is his, not theirs. Who is to tell me these sums should not be added to his net worth? He cheated his creditors fairly and squarely, for the exact sum he is adding to his net worth.

See? Simple. I told you!

[Laura PourMeADrink]

34. That's brilliant! You're probably right! You know there HAS

to be a reason he erroneously added liabilities and it wasn't a typo.

You nailed it.

[SergeStorms]

36. You may be getting a call....

from the Trump organization to do their taxes from now on. You seem to understand the Trump accounting system as well as anyone.

Luck you, Beastly Boy!

[jmowreader]

35. Has anyone broken out Trump's net worth according to GAAP?

Trump has a nasty habit: when he buys real estate with borrowed money, he adds the total value of the property in question to his net worth.

So...let's say he buys a $100 million property and $500,000 of the money he spent to buy it is his - IOW $99.5 million is borrowed.

Under "generally accepted accounting procedures" his net worth hasn't gone up at all - he has converted $500k of his money from cash to half a percent of a building.

Under "Trump-accepted accounting procedures" his net worth has gone up by $100 million.

[fightforfreedom]

37. Tell me if I got this right.

Trump is saying what he owes is his money? My head hurts.

[Buns_of_Fire]

39. It might as well be, since he probably has no intention of paying it back.

Add in what he thinks his name ( the almighty "brand" ) is worth (around $3 billion), and that should just about cover it.

[PCIntern]

40. It reminds me of an old Mad Magazine parody

And I’m paraphrasing somewhat: $2000 worth of furniture for $300. That’s like $1700 in the bank. Shop here and you’ll be rich in no time!

[keithbvadu2]

45. Peggy Bundy shopping her way to wealth on sale items.

Peggy Bundy shopping her way to wealth on sale items.

[Kingofalldems]

44. Lock him up.

[Texaswitchy]

47. Trump has been robbing Peter to pay Paul for years.

Nothing new here.

He had all that money from his Father.

He should never had been needing money.