It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: reldra
originally posted by: Soloprotocol
originally posted by: xuenchen
Maybe he's setting up the bankers for a big failure.
You ever wonder how much Trump owes to the banks.? He would love nothing more than the Banks to fail again with Trump inc owing them billions. He crashes and burns Trump inc then buys it all back through trump inc mkII ( offshore division) for next to nothing with his billions in debt picked up by the tax payer when the banks get the inevitable government bailout... it's a win win for the 1%er...as usual.
You are correct. He just moves debt around. He also claimed that huge loss when he shouldn't have. His debt from the investors was forgiven for shares in other things. For the regular person, we have to pay a tax on forgiven debt. Like you pay your car loan in settlement, Ford Credit no longer pursues you, but you owe a tax on the amount forgiven. Not for Trump though.
He feels he is above tax laws and is 'smart' to not pay taxes for 18 years. When in reality, he is just a jerk.
originally posted by: swanne
a reply to: reldra
Maybe Russia is considering a partnership with USA only if Trump is president. Trump charging China more would enrich US corps, enabling Russia to sell more goods to the US. It'd practically make the US a part of the SCO. Trump charging Japan makes sense if Russia's planning something against Japan.
originally posted by: slider1982
I wonder what Trumps response would be to countries turning to a alternative over the Petro Dollar and the catastrophic effect that would cause to the US??...
If countries want to really f#ck up the US maybe the time is near??..
originally posted by: ketsuko
And while market corrections are painful for everyone, they are also quick to correct if government stays out of the way and stops meddling to try to "fix" them. Everyone talks about the big crash of the '30s and the Depression, but there was another crash before it that was just was as bad, but the president of the time - Coolidge - decided that government had no call to meddle in the market at all. And within a year, two at most, the market had fully recovered and was thriving again.
originally posted by: RiptKeys
I've always said, "the more Trump finds out about what's really going on behind the scenes, the more he will quiet down".
It is reining true.
The thing about a Fiat system is, it can go on forever. As long as there is American Pride, greenbacks will hold value.
Either way, the system can't completely fail.
In this age, there will be no dust bowl. It would be mass genocide on a major scale. Also, the people in power would have nothing to do. No more sheep to tend to. Can't have that now can we?
NY Times 9/30/99
Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES SEPT. 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
Now that guarantee -- employed to extract better terms on hundreds of millions of dollars of loans to the Trump Organization -- is at the center of a delicate loan-restructuring discussion at Deutsche Bank AG, which is under investigation on several fronts by the U.S. Department of Justice.
The bank is trying to restructure some of Trump’s roughly $300 million debt as part of an attempt to reduce any conflict of interest between the loan and his presidency, according to a person familiar with the matter. Normally, the removal of a personal pledge might lead to more-stringent terms. But there is little normal about this interaction. Trump’s attorney general will inherit an investigation of Deutsche Bank related to stock trades for rich clients in Russia -- where Trump says he plans to improve relations -- and may have to deal with a possible multibillion-dollar penalty to the bank related to mortgage-bond investigations.
“When you have political appointees making decisions about banks that the president owes a lot of money to, it looks terrible,” said Richard Painter, a law professor at the University of Minnesota who was the chief ethics lawyer for President George W. Bush. “The U.S. government is dealing with regulatory and criminal issues with the big banks all the time, and if he owes them a lot of money, there might be an incentive to favor less regulation and less enforcement for the banks.”
With the labor participation rate at a thirty year low of 62.7%, a record number of Boomers having to work to survive, and 124 million full time employees supporting 102 million non-working Americans, you might have the real reason Trump won the election.