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Trump, 79, Melts Down at Being Challenged to a Walk by Dem, 46
(www.thedailybeast.com)
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this post was submitted on 24 Aug 2025
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politics
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The first man to bankrupt three casinos will soon be the president who bankrupted the military budget with all these useless deployments.
I hope as a side effect of this nonsense that cops everywhere feel emasculated, knowing that Trump holds them in such little regard that he feels the need to send in the national guard to do their jobs for them.
Can't be done. We might dedicate bigger and bigger chunks of our GDP to Military Kensyanism. But our imperial military exists to extract materials and labor to fuel the total economy. It functionally can't go bankrupt.
So long as there are nations we can sack and loot, and workers they can press gang and enslave, all we're doing is driving up domestic retail costs at home to divert surplus to the Big Looting Machine that's powered our nation since inception.
Did he lose money on those bankruptcies or were they a scam?
eg if he borrowed $10m for upgrades but secretly only spent $3m and split the difference with collaborators. Then by declaring bankruptcy the casino doesn't have to pay back the loans.
I am no finance expert so maybe my scenario is far fetched, I dunno.
His bankruptcies were totally planned from the beginning. Those casinos were Russian money laundering operations, and the entire objective was to suck every drop of profit out of them, run them into the ground, declare bankruptcy, and walk away, sticking everyone else with the bills. And he did it 7 times.
It's not that he's a bad businessman - although he is - he is a virtuosic money launderer.
Sopranos S02E10 has a great example of a Bust Out in practice, as they effectively dismantle a department store from the inside.
This isn't just Trump. It's a business practice prioneered back in the 1980s and repeated successfully for decades.
And while Trump certainly had a lot of Russian mob connections, I believe there's just as much of a relationship with the Tony Salerno and the Genovese family by way of Roy Cohn. Incidentally, the Italian mob was instrumental in cowing migrant workers and breaking nascent union movements across NYC for most of the 20th century. The big crack downs on organized crime didn't happen until the end of the Soviet Union, in the early 90s, when they'd exhausted their usefulness.
Curiously, this is when organized crime in Russia exploded and you began to see a lot of black market organizations working to loot the old Soviet System on behalf of Wall Street.
But up until the late Clinton/Early Bush Era, Trump was more closely associated with the Italian mob.
Guess it depends how you define "bad". In my eyes a good business does well by everyone: staff get well compensated and have a good work environment, customers get a good product at a fair price, suppliers get their invoices paid, owners (if not a coop) get some ROI and their name on the door. Trump has only ever managed 0.5 out of 4, ergo bad businessman.
I don't think cops will think that way. Instead, they're going to think, "finally, I can do all the fucked up shit that the PC liberal government never let me do. MAGA! Derr!"
I have a few cops in my extended family and I can guarantee you they love what is happening right now and can't wait for the national guard to be in their backyard.
Fuck, that's dreary.
What they really want is a massacre. Expect one soon before the elections.
The obese buffoon is on the Epstein list because raped children.
Anyways here's a list of his many many hugest most tremendous bankruptcies:
Trump Taj Mahal (1991)
Date: July 1991
Details: ...By 1991, it couldn’t cover its $3 billion debt...
Trump Plaza Hotel (1992)
Date: November 1992
Details: ...amassed over $550 million in debt by 1992...
Trump Plaza Hotel and Casino (1992)
Date: March 1992
Details: ...had $250 million in debt by 1992 after an 80% cash flow drop...
Trump Castle Hotel & Casino (1992)
Date: March 1992
Details: ...struggled with $338 million in bond debt, worsened by competition from the Taj Mahal, his other casino...
Trump Hotels & Casino Resorts (2004)
Date: October 2004
Details: ...had $1.8 billion in debt.
Trump Entertainment Resorts (2009)
Date: February 2009
Details: ...filed for Chapter 11 with $1.74 billion in debt