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All the circumstantial evidence points to one thing: Trump is broke
Aug 7th, 2017 by Admin Mugsy

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(UPDATED: 9/20/17)

The key selling point of a “Donald Trump presidency” was that a “successful businessman” such as himself would know how to run the U.S. government efficiently. “I know all the best people”, he told adoring fans. “I’m worth $10 Billion dollars” he told the masses. And because of his success as a businessman, he supposedly would be able to run this massive “corporation” we now call The Federal Government (never mind the fact a government isn’t a corporation.) Trump claimed at the very start of his campaign that… because of his fantastic wealth… he “couldn’t be bought” and would only work in YOUR best interests, not those of the “Special Interests”. He would “take no money” from those same “Special Interests” and run a “self funded campaign using his own money to run for president. But in fact Trump did NOT self-finance his campaign. When he DID spend his own money on his campaign, it was only a loan where he charged his own campaign to pay him back. Even then, Trump wasn’t even the biggest donor to his own campaign. No “Special Interests”? He had multiple “SuperPACs” pouring money into his campaign as well, and as I posited two weeks ago, there is a trail of laundered Russian money leading to Trump’s back pocket like a trail of breadcrumbs. And despite all of Trump’s innuendo regarding money pouring into “The Clinton Foundation” and whether or not some of it was making its way to the Clinton campaign, Trump repeatedly refused/refuses to release his tax returns (no, this is not about Trump’s taxes) on the grounds he was “under audit” (which was NOT preventing him from from doing so) yet promising “as soon as the audit is over, I’ll release them.” But even after the election was over, Trump continued to refuse to release his taxes. And once he was sworn in and no longer under audit, he argued his taxes “no longer mattered”… “nobody cares except the sore losers”. Trump’s tax return for 2016… the year AFTER the one that was audited… the year he was running for president… was NEVER under audit, yet he never released that year either (nor were his tax returns for ANY other prior year.) To this day, we have never seen Donald Trump’s tax returns. Why? What doesn’t he want us to see? Then there is the question of “Emoluments” and whether Trump is using the presidency to make himself rich. Any time the subject of “money” comes up regarding Trump, it suggests he’s desperately trying to prevent his “true wealth” from becoming public knowledge. And the braggart & raging egomaniac that Trump is, does anyone think if he was even more fantastically rich than he has publicly claimed, that he wouldn’t be tweeting it from the rooftops? Of course he would! Trump’s entire shtick is that he is qualified purely due to being a business & financial success. So, what if it turns out he isn’t? After filing four bankruptcies, two divorces, being sued multiple times (settling his “Trump University” fraud case for $20 Million dollars rather than continue fighting), closing failed casinos, and a list of failed businesses longer than my arm, how does one suffer SO much failure and expense, and still be worth over $10 Billion dollars? Simple… he isn’t. He’s deep in debt and owes some very powerful people a lot of money.

…But he can’t admit it without being exposed as the lying Snake Oil salesman he is and disappointing his legions of “poorly educated” fans.

As I stated above, there is a troubling record of Russian money finding it’s way into Trump’s campaign coffers to the point I no longer have ANY doubt the Russian government… by way of well-connected Russian oligarchs… bankrolled the bulk of Donald Trump’s political campaign. From the Russian fertilizer magnate who paid 2-1/2 times the value for a Florida mansion belonging to Trump… sight unseen… just as Trump was being forced to pay a multi-million dollar judgement against him… only to have the property demolished without the new owner having ever visited it even once, and sold for a $60 million dollar loss… to the private computer server in the Trump Tower campaign headquarters with a dedicated hotline connection to a Russian bank, to millions in laundered Russian Mafia crime money poured into Manhattan real estate purchased from Trump (no questions asked)… Trump owes much of his wealth to (criminal) Russian investment.

But that’s just half the story.

Immediately after his inauguration, Trump doubled the membership fee to his “Mar-a-lago” Resort from $100,000/yr to $200,000/yr. The rich & powerful… those “Special Interests” Trump bemoaned… were buying up memberships hoping to hob-knob with The President himself. But Trump wasn’t about to divest himself of his prized resort in which the wealthy could rub elbows with the Commander-in-Chief himself if the price is right, nor did Trump set any rules against “unsolicited fraternization”. If you’ve got the bucks, you might just luck into a private meeting with The President of the United States. What percentage of Trump’s “regular Americans” do you think he’ll run into down there at that price?

Trump’s hotels around the world, in New York and in DC, the profits from those hotels still feed into Trump’s pocket. When wealthy Saudi’s came to DC, rather than stay in the same posh hotel they normally booked, this year they chose to stay in a Trump-owned hotel (I’ll give you three guesses why, and the second two don’t count.) Overseas, the paperwork and court cases holding up development of Trump hotels and golf courses are suddenly fast-tracked and shown preferential treatment over Trump’s competitors. The Founding Fathers called such gifts & favoritism “emoluments”, and they are illegal. Yet Trump has refused to sell off his holdings and divest himself from these conflicts of interest (and No, turning the “running” of the business over to his sons does NOT resolve those conflicts of interest or shield him from violating the Emoluments clause.)

We know that as a real estate mogul in NY, Trump had a history of not paying his workers/suppliers/vendors, and he suggested during the campaign that only dumb people pay taxes, so much of Trump’s wealth came from being a deadbeat… something he can no longer get away with as president of the United States.

I mentioned above that Trump only LOANED his own campaign money to finance it, but we also learned just last week that Trump blatantly overcharged the Secret Service to rent space in Trump Tower to provide security for his wife & son Barron while they lived in New York. To charge them anything at all to stay in a hotel HE OWNS when they are there purely to protect him & his family when in New York is bad enough, but to scam the American taxpayers to pay double the normal rent to do it? Does he REALLY need the money THAT bad?

Also breaking news last week, not only did Independent Council Bob Mueller impanel a Grand Jury to hear evidence connecting Trump to Russia, we also learned Mueller is “investigating Trump’s personal & business finances”… not just campaign finances as they may relate to the Russia investigation. Trump is reportedly very angry about this. Why would Mueller be investigating Trump’s “private” finances as part of his Russia investigation? Because, like me, Mueller also believes Trump’s businesses were used to launder Russian crime money into his presidential campaign.

Republicans have pined for a “CEO president” for 20 years. It was part of their sales pitch for Bush & Cheney in 2000 (touting their “CEO” credentials.) Bush had a string of disastrous business failures behind him (requiring bailouts from Daddy’s friends) while Cheney bilked the government for Billions as a government contractor. THAT was their record as “businessmen”. And one might think that the disastrous Bush/Cheney presidency would have soured Republicans on the idea of electing another “CEO President” promising to run the country “like a business”, but they did it again with Donald Trump. And once again we find another failed businessman who’s really good at scamming people, declaring bankruptcy and asking Uncle Sam for a bailout.

So look at the list of financial matters connected to the Trump campaign: He refused/refuses to release his taxes… the first to do so since Nixon. He charged his own campaign to reimburse him for all the money he loaned it, he over-charged the Secret Service rent to protect his own family in his own hotel, he also doubled the Mar-a-Lago Membership Fee, there is all the Emoluments/profiteering off his business interests that he refuses to divest himself from, there’s his four bankruptcies, two divorces and failed casinos, has bragged about paying no taxes (not just the wealthy, but people deep in debt also pay no taxes), legal judgements totaling MILLIONS against him, a string of failed business ventures including “Trump University”, which turned out to be one giant scam, and a Russian-cash expressway between the Kremlin and Trump’s real-estate holdings around the world. That blue “TRUMP” 707 he flew around in during the campaign is all that’s left of “Trump Airlines” that was born & died in the late 1990’s.

For a man supposedly worth $10 Billion dollars, he sure seems to be nickle & diming the Federal government while spending very little of his own money (as I write this, I’m noticing how Trump nor his Wife & son, have ever vacationed any place Trump didn’t already own (either Trump Tower in NYC or Mar-a-Lago in Florida).

Every time a Republican calls for “Running government like a business”, point out to them that businesses are NOT Democracies. They are “Dictatorships” or “Monarchies” run to turn a profit. Governments are services that SPEND money to provide those services. THAT is what we pay taxes for! Trump himself once said: “In government, every decision requires you to have a heart. In business, it’s the opposite. In fact, it may be better if you have no heart at all.” And this is whom they elected to run the largest public service on the planet.

Businesses are run to make a profit for the CEO and pay off shareholders. Who know who Donald thinks the CEO is. One wonders whom he thinks his “shareholders” are? Whom does he owe? Who OWNS HIM?

ADDENDUM: The day after I wrote this, “The Rachel Maddow Show” actually explored the question of all the money Trump is making off the presidency and its legality. RECOMMENDED VIEWING.

UPDATE 9/20/17: Reuters is reporting that the RNC is paying Don Jr’s personal legal bills, and Trump is using his Election & Re-election Campaign funds to pay for his own (and his family’s) legal bills in the Russia investigation. This helps explain why he launched his “reelection campaign” THE DAY HE TOOK OFFICE [ibid].

Trump raised $107 MILLION for his “pre-inaugural concert” (more than TWICE the $53M Obama raised for his 2009 star-studded even) and promised to donate the unused portion to charity. The Trump campaign wildly overpaid $25M on a handful of low budget events including one cover band, highschool marching bands and baton twirlers, then and kept the rest.

Trump DID keep his promise to *personally* donate $1 Million to victims of hurricane Harvey (which was split 12 ways), though it bears pointing out that for a man who claimed during the campaign to be worth over $10 Billion dollars, a donation of a mere $1 Milion amounts to 1/10,000th of his claimed total net worth… roughly equivalent to a person worth $550K (including home) and $50K salary) donating just $55.
 


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Self-Funded Campaign? Follow the money (launderers)
Jul 24th, 2017 by Admin Mugsy

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Today/Monday, Trump’s wunderkind son-in-law and dumping ground for every boring job Trump doesn’t want to do, Jared Kushner, will be testifying before both the House & Senate Intelligence Committees behind closed doors, where they will grill him about his repeated interactions with representatives of the Russian government that he just kept forgetting to report on his “Security Clearance” application (until it was revealed by the so-called “fake” news… ie: “real” news.) Unfortunately, because of the National Security issues discussed, there will be no cameras and no reporters. But seriously, “because of the National Security issues”, Jared HIMSELF shouldn’t be allowed in the meeting because he would NEVER qualify for a “Top Secret” security clearance today knowing what we now know. First (as documented in my continually updated List of Trump/Russia Ties) he failed to reveal he joined Mike Flynn to meet with Russian Ambassador Kislyak… not once but TWICE. Then it was a meeting (along with another White House adviser) with “VEB“… a Russian “Bank” (actually, a money laundering operation) while it was under U.S. sanctions, and now most recently exposed, joining Don Jr to host a secret meeting IN Trump Tower with Russian lawyer Natalia Veselnitskaya to (supposedly) discuss “Russian/American adoption”… a meeting both Kushner and Don Jr (and campaign manager Manafort) all just “forgot” to mention meeting when asked about having ever met with “any Russians.” THEN it was revealed they didn’t meet with just one person but in fact FIVE… two of whom are naturalized former Russian citizens: a former “Soviet” military intelligence officer who served in the late 80’s, and convicted Russian money launderer Irakly Kaveladze, whom was charged with laundering $1.4 Billion dollars between US & Russian banks (and what better way to “clean” your stolen money than to funnel it through the presidential campaign of a dimwit candidate who’s about as clever as a two-story outhouse?) The lawyer, Veselnitskaya, made her bones representing Denis Katsyv another Russian money launderer in 2013, who was convicted of laundering $230 million dollars and ended up paying “millions” in fines (a slap on the wrist.) And if you recall, early in the Trump (cough, gag) presidency, he fired Federal Prosecutor Preet Bharara (despite telling him to stay on) after he called to audit the records of “DeutscheBank” in NY… of whom Trump is their largest debtor owing HUNDREDS OF MILLIONS… for their involvement in (you guessed it) a $10 BILLION dollar Russian money laundering scheme. (More on DeutscheBank’s laundering of millions from Russian-owned national oil company Gazprom here.)

And there’s those words again: “money launderer“. In any discussion of Trump’s connections to Russia, the phrase “money launderer” keeps popping up like weeds on a Trump golf course. That and the words “sweetheart deal” are rarely far behind. From nearly the beginning of his campaign, Trump claimed to be “self-funding” his campaign in order to suggest he was “beholden to no Special Interest” and answered to nobody. Well, it is now well documented that Trump’s “self-funded campaign” was a HUUUGE lie (forgive the Trumpism). He wasn’t even the biggest donor to his campaign (and yes, he only “loaned” money to his campaign expecting to be paid back.) He charged his own campaign for the use of his hotels and private offices. He had a number of SuperPAC’s, and… I posit… received MILLIONS in financial assistance from the Russian government and Russian government connected oligarchs. So if running a “self funded campaign” means one is “not beholden to anyone”, then what does it mean when your entire presidential campaign was practically bankrolled by a hostile foreign government? And not just ANY government, but one that considers North Korea, Syria and Iran among their allies, has invaded several of their neighbors (Crimea, Georgia & Ukraine), and whom Chairman of the Joint Chiefs Joseph Dunford called “the greatest threat to U.S. security” on the planet? (Remember when Obama was president and Republicans tried to claim “Romney was right [about Russia being our greatest threat]” after they invaded Crimea? Where are those Republicans now? Fawning over Putin, that’s where.)

(ADDENDUM: In May, the Sessions Justice Department abruptly settled a lawsuit against Prevezon Holdings for a mere $6 Million. Prevezon stood accused of laundering millions in Russian crime money through real-estate investment in Manhattan. “Veselnitskaya represents the family of Pyotr Katsyv, the former vice governor of the Moscow region, whose son, Denis [mentioned above] owns the real-estate company Prevezon.”)

The possibility that the currently serving president actively & willingly accepted the support of an enemy of the United States (and threat to global security) in order to campaign for president, and that same hostile power may have even attempted to subvert our democracy to do it, is horrifying. AND not only does the acting president continue to deny/dismiss the evidence of those activities (and disparage those who collected it… our OWN intelligence agencies) but even actively seeks to REWARD Russia by promising to lift sanctions and return seized property for NOTHING in return… should be the biggest political scandal in American history (FAR bigger than even Watergate.) Of course, I know there are those of you out there repeating the Trump talking point: “These are the SAME intelligence agencies who told us Iraq had WMD’s!” No. That bullshit won’t fly here. This blog is subtitled “Recording history for those who seek to rewrite it” for a reason. You may remember someone named Valery Plame? An undercover CIA agent who was outed by Cheney because her husband (Amb Joe Wilson) dared inform them their claim Iraq had purchased 20,000 tons of yellowcake uranium never happened? The CIA repeatedly told the Bush Administration that “the ‘intelligence’ provided by untrustworthy Iraqi exiles was garbage” (remember “curveball”?) And the IAEA repeatedly told Bush “NO, Iraq does NOT have WMD’s!” Bush’s response was to ignore them and swap generals until he found people willing to tell him what he wanted to hear. So don’t go claiming “the intelligence agencies are unreliable” as your defense of why evidence of collusion between the Trump Campaign and Russia can’t be trusted.

We have NEVER before seen a foreign adversary involve themselves in our election. Not only did they hack the DNC and steal the emails of Hillary’s campaign manager (which in the end was just revelations about some of the offensive crap pulled on Sanders, released to stir up discord among Democrats… which worked), but as we later discovered, they even attempted to hack the central voting servers (tabulators?) in 39 of 50 states. If that’s not a big deal to you, your patriotism and support for democracy is highly in question. But to think they MAY have done so with the support of the current occupant of the White House? There just are no words to describe just how… how… well, like I said, “no words”. “Appalling” just doesn’t cut it.

So when I hear others dismissing this story, making excuses, or people claiming to dislike Trump YET use Trump’s own talking points to dismiss the investigation, I just want to say, “What is WRONG with you???” Even most Republicans now agree Russia meddled in our election (both the House AND Senate voted to impose sanctions on Russia and Iran – ADDENDUM: Trump let the deadline on implementing those sanctions pass on October 1st.) Trump supporters laugh about Democrats’ “obsession” with Russia. “Russia! Russia! Russia!” they joke (ala “Marsha! Marsha! Marsha!”), with one Right-Wing cartoon depicting the GOP elephant talking about “Healthcare, economy and Jobs, Jobs, Jobs” while the Democratic donkey (in a straight-jacket with crossed-eyes) ranting “Russia! Russia! Russia!” Funny, it wasn’t terribly long ago Democrats were the ones working on healthcare, jobs and the economy, yet blocked by UNPRECEDENTED GOP obstruction while Republicans ranted about “Benghazi! Benghazi! Benghazi!” and “Kenya! Kenya! Kenya!” So give me a freakin’ break as you try to claim the moral high-ground. “Recording History for Those Who Seek to Rewrite It”, remember? That crap won’t fly here.

So, as Mark “Deep throat” Felt told Bob Woodward during Watergate, let’s “follow the money”…

The 2016 Presidential race made history as “the first Billion-dollar Campaign” in history where each of the top two nominees spent an estimated one Billion dollars to run for president (Trump about 1/3 less than Hillary’s $1.4B thanks to all the free air time & publicity he received from The Media he now so loves to hate.) I remember in 1992 when having Billionaire Ross Perot in the race resulted in the near-scandalous first “$100 Million dollar presidential race.”) Accusations of Perot trying “to buy the presidency” abound. Did you ever hear that ONCE in 2016?

But Trump isn’t as successful a businessman as he claimed… a fact we could confirm if he dared release his private & corporate tax returns… which he will NEVER do (despite once promising he would after his audit, then after winning.) In fact, after having filed for bankruptcy FOUR TIMES, the man who claimed to be worth “over Ten Billion dollars”, according to Forbes Magazine was estimated to only have assets in total worth of about $3.5 Billion… not too shabby, but that’s not LIQUID assets, and his campaign would have cost him nearly a third of his total NET worth… meaning a firesale of Trump assets just to pay for any “self-funded” campaign.

But in terms of LIQUID assets (cash, stocks, bonds, etc), Trump only had about $270 Million in the bank before he’d have to start selling off hotels just to pay the fuel bills on his aging 707. And as I already pointed out, he wasn’t even the biggest investor in his own campaign. So where did all that cash come from?

Well, I’m no accountant and I am NOT about to attempt an itemized audit of all the money spent on the Trump campaign, but we know (see my aforementioned “List”) he received hundreds of millions in bank loans from known Russian money launderers (DeutscheBank AND VEB), sold a $40million dollar property in Florida to a Russian fertilizer magnate (Dmitry Rybolovlev) sight-unseen for $95million (who never once visited the property before having it bulldozed after the election and resold at a $60million dollar loss), and now all these interactions with individual Russian money launderers behind closed doors. “Self-funded campaign” my ass.

I’m sure Trump’s loyal devotees… and likely Trump himself… think he is “carrying on the Reagan Legacy”. Considering that Reagan was a staunch anti-Communist who branded Russia “the Evil Empire” and stirred up the Cold War to levels not seen since The Cuban Missile Crisis, one can hardly imagine St. Ronnie’s reaction to the possibility that the man currently occupying his chair got there with the help of Russian intelligence subverting our democracy and millions in laundered cash from Russia, who then denies Russia’s involvement while advocating for a lifting of sanctions and a return of seized property to Russia in exchange for NOTHING… no consolations, agreements, treaties or prosecutions. If he weren’t already dead, that would surely have killed him.

(UPDATE: My thanks to “The Rachel Maddow Show” for pointing out on their 7/24/17 episode that back in October… before the election… the “CrowdStrike” Internet Security organization detected an unusual link between a computer server belonging to the Trump campaign and computer servers belonging to yet another Russian bank… “Alfa Bank”. According to CrowdStrike: “When the researchers pinged the server, they received error messages” meaning this was a near “dedicated connection” between the two computer servers. “Eighty-seven percent of the DNS lookups (by the Trump server) involved the two Alfa Bank servers.” As a PC tech in civilian life, I understand the lingo of computer networking and find this revelation damning… likely not a bigger story due to it’s complexity, but to me, it’s like finding a key to a Putin Love Nest in Trump’s desk drawer wrapped in a bow.)

This is a Constitutional crisis. Trump himself tweeted about his “complete power” to pardon anyone… even himself, and consulted his own lawyer about his power to pardon members of his staff, his family (think Kushner & Don Jr) and (yes) even himself (“Why?” Trump’s new Communications Director Anthony Scaramucci was asked repeatedly yesterday. “If [Trump] has done nothing wrong, why is he asking about his power to pardon himself?” “He’s done nothing wrong” was the repeated non-answer answer.) There’s a gray area here because the Constitution grants the president the power to pardon “anyone”, but does not specify whether he has the power to pardon himself. During Watergate, the question was raised whether Nixon might try to pardon himself and if that was even legal. After all, if a president can pardon himself (or anyone acting under his direction), he can commit any crime (or order others to do so) and just pardon himself/them after the fact. Legal scholars surmised at the time that this would probably not be legal because a “pardon” is an admission of guilt, which would instantly disqualify him from office. But such a case has NEVER (AFAIK) come before the Supreme Court (I contacted Senator Bernie Sanders about the need to pass a Constitutional Amendment forbidding it before Trump has a chance to put it to the test in front of his now-stacked Supreme Court. So far, no response.)

If you’re a partisan Trump supporter, there’s a “legitimate” question in your mind: Is Trump doing a good enough job that we should just ignore his possible crimes and subversion of democracy? “He’s doing a good job” (in THEIR opinion) “So, let him do the work of the people and just forget about how he got there!” They’d point to a record high stock market, falling unemployment, and an anti-immigration agenda they are foursquare in support of. Trump supporters only see the parts they like. A few weeks ago, my own father cited: “[Trump] stopped Ford [Motors] from leaving the country” in praise of him, but when I pointed out they only closed a plant in Mexico (they had already planed to do in 2015, but I digress) but announced they will be moving production of the Ford Focus to China, he wasn’t quite so pleased with him (the “good” news on the Ford move: no jobs lost because the same US plant will start making a different vehicle. Bad news: no jobs GAINED either by them doing it.)

Honestly, we just don’t know the effects of the Trump economy yet. Each President’s budget doesn’t go into effect until October (and I have little doubt Trump’s will be delayed – UPDATE: It was), so we are still coasting on the last Obama budget.

But even so, do we ignore crimes of this magnitude just because we like the job the criminal is doing? Ask yourself, is there ANY question in your mind that if the tables were turned and Hillary Clinton were in office now with a GOP Congress, that they’d ALREADY be drafting articles of impeachment with a FRACTION of the evidence we have against Donald Trump? Benghazi, private email server, the (widely debunked) sale of Uranium to Ukraine, something-something “Clinton Foundation”? You think these same Republicans would be arguing “Let it go! She’s doing a good job!” That doesn’t pass the Laugh Test.

Trump’s campaign was financed using millions in laundered Russian crime money. And the number of times the phrase “Russian money launder” and the name “Trump” appear in the same sentence is too frequent to just be a coincidence.

Update #1: “New Republic” magazine’s Craig Unger recently published his own investigation into the Russian Mob laundering crime money through Trump real estate… not just buying & selling, but in some cases operating out of offices in Trump Tower itself. (Brief video interview with Unger here.)

Update #2 12/05/17: Special prosecutor Bob Mueller subpoenaed German “Deutsche Bank” financial records connected to Russian money laundering as well as info related to the hundreds of millions they loaned Donald Trump and Jared Kushner over the past decade (even after Trump defaulted on a $600 Million dollar loan, was SUED by Deutsche Bank, and Trump counter-sued THEM for three billion dollars.) Nothing hinky there. Once again, The Rachel Maddow Show is on top of the issue with a detailed breakdown of an extremely complex issue.
 


Writers Wanted Got something to say? Mugsy’s Rap Sheet is always looking for article submissions to focus on the stories we may miss each week. To volunteer your own Op/Ed for inclusion here, send us an email with an example of your writing skills & choice of topic, and maybe we’ll put you online!

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