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‘Keep your filthy hands off Trump Tower!’: Trump begs fans to pay his $464m bond
(www.independent.co.uk)
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this post was submitted on 21 Mar 2024
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Any value Trump may have is 100% on paper
While that's likely true, on paper assets for very rich people equal out to cash whenever they feel like because instead of cashing out paper assets, you just borrow against them.
Unless he's already borrowed against them, which is seeming more and more likely.
Yeah that's where the whole house of cards comes crumbling down hopefully.
As long as I've known about this guy I think I've known that he's all about being over leveraged. He's like the poster child for debt. He used to take bigly advantage of debt in his many bankrupcies too.
I have sometimes even thought that maybe he had the Fed lower rates in December 2019 / January 2020 just so he could take out more loans at lower rates.
The Fed isn't controlled by the US government, and the president doesn't set interest rates.
Sure, Trump definitely didn't run a continual pressure campaign to get rate cuts in late 2019 that ultimately resulted in the Fed cutting rates two months from a worldwide economic crisis. They would've just done so of their own free accord as an absolutely independent body that aren't at all indebted to the people who appoint them and keep them in their seats:
https://www.reuters.com/article/idUSKCN1VB1I1/
Fucking /s
Edit: Of course there are conventions of deference and independence, but those are conventions (a.k.a. things that a blowhard, wanton dictator in the office doesn't actually give half a shit about).