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Opinion: Trump’s Turnberry is a loser in Aberdeenshire, while Energetica is winning!

In 2008, the business-mogul, the American businessman and Golf Estate builder Donald J. Trump came with giant promises and that a modern golf field in and around Aberdeen would not only be profitable, but also become a major boost of the economy in the North Eastern of Scotland. Now years after and thanks to ‘the Ferret’ and Rob Edwards tireless seeking of information. There are now evidence of the operation the last two years. This after the troubles with neighbors and destruction of the dunes. An environmental disaster done for supposed benefits of business gained by the golfing operation and the hotel on the property. Clearly, this has not happen.

Because on 12th July 2017, the Ferret got the information from the Aberdeenshire Council. This documents that was delivered are revealing of how the lacking promises are delivered to the North Eastern of Scotland. The Trump Organization evidently pumped their swagger-up and sold their tricks of trade without actually having what it takes to build a profitable and establishment worth visiting.

In 2014, the Golf Recreation Scotland Limited or the Turnberry at Minnie in Aberdeenshire lost before taxes £ 3,603,000. That is not a positive results, neither is it in 2015, when the company lost before taxes £ 8,396,000. So the business there isn’t cracking or growing, it is actually going terrible. Within two years lost nearly £ 12 million British Pound. That is not small pocket change and also worrying since the promises made are not in this regard.

Another fact from the document are that in 2014, the whole company had 344 hired, operating staff was 305 and 39 administrative. So as the time goes in 2015, the total staff is 337 working there, operating staff 297 and 40 administrative. Therefore, the company isn’t really big or having a strong impact of jobs, considering this was supposed to be a place that boosted economy. Not only is the golf-course losing money, it is also being short staffed and having few people hired.

The salaries in total has gone from £ 6,796,000 in 2014 and in 2015 it was £ 6,020,000. Therefore, the salaries paid out to the staff isn’t substantial for the changes of environment. The boost of the Aberdeenshire, is not happening now or near future. As the Turnberry at the Minnie.

The profits after the cost of sales in 2014 are £ 3,454,000 and in 2015 it were £ 3,725,000. So the profits have not really gone up. Even if the turnover went from £ 9,209,000 in 2014 and in 2015 it went to £ 11,410,000. Even if the turnover went up with £ 2,000,000, the profits went only up about £ 300,000. So the percentage after cost are minimal. This with the concerning level of staffing. It seems like the Turnberry isn’t made profitable or neither operational in a way that they promised the Scottish government in 2008.

Also, because of the issues with the profits, turnovers and the salaries. The taxation for 2014 were supposed to be £ 774,000, but because of losses they paid none. The similar was in 2015 it was £ 1,697,000, but because of the losses the there were none. So the Aberdeenshire and the North East of Scotland. Has really not earned a dime on it. The salaries haven’t been substantial either.

That this isn’t substantial in any sense that in Aberdeenshire alone, it is over 261,000 people. The total employment is at 132,100. The Turnberry or the Golf Recreation of Scotland and was in 337 people. Therefore, the promises was not kept. While Donald Trump has claimed the Energy building and the wind turbines destroying his business.

With the stark difference to Aberdeenshire Council:

Energetica has attracted £260 million of a potential £750 million investment in its first five years. Construction spend of over £500 million (present value – PV) is expected across the Energetica business parks over the next 20 years. The gross jobs accommodated by new business space on the

parks could be expected to generate around £5.1 billion (PV) gross GVA per annum in 2025. New business space expected to be developed on the Energetica parks could accommodate around 12,400 jobs by 2025” (Aberdeenshire Council – Aberdeenshire Coucil, July 2016).

Therefore, the Energetica actually spends monies in the area, they will hire up to 12,400, which is massive amount of workforce. Also possible adding 12,400. Can doubt a golf-course that is already running badly, will get turnover or even since it losses money. The Energetica will spend fortunes and also generate money in Aberdeenshire. Totally different from what the golf-course will generate. The destruction of the Minnie dunes for the Turnberry clearly hasn’t paid-off.

Golf Digest in 2016 had this statement on the place: “Here is what Turnberry is not: A traditional, lay of the land, or lovably quirky links. The course, which has been through many iterations in between its use as an air base in times of war, has always been fairly straightforward, a fine examination of many shots with beautiful views” (…) “Turnberry makes no apologies for being an Americanized version of an authentic links. Trump added the same 10 foot wide ryegrass walkways that he insisted on through the dunes at Trump International in Aberdeen. While perhaps too clean and carpet-like for most, they do add an elegance to walks as your approach Ebert’s square tee boxes (which fight the landcape a bit)” (Geoff Schackelford – ‘DONALD TRUMP’S TURNBERRY: THE PRESIDENTIAL NOMINEE DELIVERS WITH HIS RENOVATED AYRSHIRE COURSE’ 20.07.2016).

So clearly, his vision has to improve the experience, but business-wise it has been pathetic. With time the Trump Organization might earn monies on it. But right now, the promises are not kept. Neither, seems to be possible, the one that will make difference and boost to Aberdeenshire is the Energetica investments into clean-air and windmills in sea. Peace.

USA: Durbin Calls On Illinois to Refuse Request to Release Illinois Voter Files To Trump Commisson on Voter Fraud (03.07.2017)

USA: Attorney General Frosh Statement on Request for Personal Information of Maryland Voters (03.07.2017)

Cry havoc: Kanye creates more fuzz than actual news!

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This are one of these days where I see more articles about the meeting between President-Elect Donald J. Trump at the Trump Tower with the rapper Kanye West. What should be news that more and more people connected with either Big-Oil like the Standard Oil babies ExxonMobile, grand wizards of the economy, hedge fund infused billionaires and others are packing their offices to find ways of ravaging the faucets and gooses, while the workers are tripping and wonder what they voted in.

The American People been duped by a sales-man with such vigour and bravado that he claimed Hillary Clinton’s connection to the big business and Wall Street; while him two seconds and near the swearing-in are handpicking more Goldman Sachs officials than fish in a barrel.

With this in mind the visit of Kanye West at the Trump Tower is just a suggestion, from the man in 2011 on ‘Watch the Throne’ LP on the song ‘New Day’ wrote:

“And I’ll never let my son have an ego

He’ll be nice to everyone, wherever we go

I mean I might even make him be Republican

So everybody know he love white people”

Therefore, the truth of the matter is that this is not really a thing. If so, this is made-up to undermine the key aspects in the wind. The Goldman, the swamp swirling around the nest and dropping loads of golden eggs for the big business to use.

That the cabinet either filled with the ones that was to be cleared out of Washington D.C. or the populist agenda with men like Jeff Sessions and Stephen Bannon whose despicable worldview can destroy any kind of men has belief in decency left in the American Experience. Therefore, the scenery of this Alt-Right, White Supremacist in power should not overshadow the greedy-guts that are nominees for seriously grand opportunities.

Where bankers, where big industrialist and self-loathing interests combined with the infused tolerance for business over policy can conquer the republic’s works. As the lax-tax and corporate loopholes will be covered into a level where it isn’t a few bigger whole like a Swiss-Cheese, instead more like common water leaks like from pipes connected to the faucets.

The faucet is the sales-man on the top, the President-Elect Trump that gives all the donors of the Republican Party a feast, also the men and woman who can offer something in return; so the nomination is a future-buy in for a coming return on investment. The portfolio is more of government funds and taxes together with the estimated earnings on foreign affairs as the kickbacks through the political funded monies can return to the bankers and the industries that offered their nominees.

So we shouldn’t worry about Kanye is hanging out with the President-Elect, when the view of the man and woman handpicked to secure the coffers, misuse the immigrants as scarecrows for their economic policies to enrich themselves and their top 1 %, while leaving leaves and empty promises behind.

Therefore, American people be proud of you and yours have created! This is what you will become and what that is ahead, the President-Elect is surely going to have a blast and you as the citizen of the grand Republic going to left behind with the bill. Pay it either directly or to the rich-men is coffers or as a benefit for what you already had.

Certainly these noblemen who is handpicked by the Trump isn’t going to let you off the hook easily, they are in to cash-in or they are nominated to departments they back-in the day didn’t believe in like Ben Carson or Rick Perry. However, when they get a government position it’s all smiles and glory, even if they got no clue about the organization or its mission. Because that is not needed, because the President-Elect does not know what he is entitled to do either.

We can grin and wonder why Trump meet with Kanye, other than a publicity stunt of some kind, as the Republican blasted Obama for meeting Common at the White House, but no one is screaming vicious when Trump met with Kanye, since that is just so COOL!

Well, the reality is that the Republican party can stick it, for the pain and suffering they will give their own in the will of little government, little tax and massive army, the taxation policies as well as the prospects of Alt-Right policies to make enemies out of neighbours who are citizens as much the next one. Certainly, the Trump administration got work ahead, not only with themselves, but also with the Republic it will run. Peace.

On Trump: How did we get here?

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I got to ask! How did we get here? What happen for the worldwide of events to lead to the man of that stature to be elected as the President of the United States, the Commander in Chief, the leader of the so-called free-world! That the man most enlightened and most visionary happen to be the Donald, Donald J. Trump of New York and Manhattan.

We got to ask, now that it’s a month since he won the Electoral College and days apart from when they are throwing their inherent ballot to suffocate the world for 4 years. The Electoral College that has been basis for speculations for months for all broadcaster’s from inner Montana to Hot 97 in New York. Seriously, the Democracy of world is based on few noble men and woman from the states electing a president on confidence of the rules in each state. Because the people cannot be trusted to already elect a person on the ballot. Not that the United States population is caring enough about civic education to consider a fellow caring human being, still they should reconsider their political system when a fellow like Trump can eat cake and vomit daily from the White House. Just as written here: “The Constitution does not specifically require electors to cast their votes according to the popular vote in their states, but the laws of 29 states and the District of Columbia bind electors to do so. Some require pledges or threaten fines or criminal action, according to a summary of state laws by the National Assn. of Secretaries of State. No elector has ever been prosecuted for not voting as pledged. Since 1900, there have been only nine faithless electors who defected for individual reasons, including one who abstained from voting altogether” (Los Angeles Times – ‘All the times in U.S. history that members of the electoral college voted their own way’ (08.12.2016) link: http://www.latimes.com/nation/la-na-faithless-electors-2016-story.html).

But, still with that in mind, how did we get there? It can be so many reasons, the lacking knowledge of how government works or the need for understanding of intricate policy building to succeed in Washington D.C. or that some daft small-town ignorant citizens would drop a metaphorical bomb on the lobbyists and elite in the capital. That is what they thought they did with electing a “billionaire” Trump who after becoming President-Elect started plotting together the riches, the most connected to big-business cabinet that has been in the White House. As well as taking in men who despise the ideas of certain departments and chambers they will run; so that the American government can become smaller and take in less tax of the wealthy that they all in power represent. They are walking away from the all the needed men and woman in the grass-root that ushered in the Trump Administration. So now they can do what they want without question, because the votes secured this chair’s and possibilities that is now in for the taking.

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We got there with fear, with a dishonest media, a dishonest internet, little spread of information and quick browsing through the contested campaigns as we still doesn’t know what “Making America Great Again!” means or to what extent making it better. If that is making KKK and Alt-Right accepted as a means of less-subtle racism in politics and the American communities, that has surely happen. That the Trump Campaign has surged on the fear of immigration and job-loss is clear factors, while they haven’t had a coherent plan to fix it. This has been seen as a factor while the Obama Administration took the nation from 7.9% unemployed into 4.9 % in 8 years that has happen while the Republican Party and Trump has claimed the destruction of nation as they know it. Which cannot be seen in statistics, tax-base or in sort of inflation level since the start of Recession of 2008; but that doesn’t matter because the myth of problems is what Trump needs! Just said like this: “The term Alt-Right, reputedly coined in 2008 by Richard Spencer of the National Policy Institute, a bogus think-tank, encompasses views from libertarianism to paleoconservatism and onwards to the edges of pseudo-intellectual claptrap and the English language. Many Alt-Righters demonise Jews, but a few do not. Some, such as Brad Griffin of Occidental Dissent, another website, think “democracy can become a tool of oppression”, and that monarchy or dictatorship might be better; others, such as Mr Taylor, disagree. Some are techno-futurists; others espouse a kind of agrarian nostalgia. Many mourn the Confederacy. Mr Griffin thinks that, even today, North and South should separate” (…) “Yet from the quack ideologues to the out-and-proud neo-Nazis, some Alt-Right tenets are clear and constant. It repudiates feminism with misogynistic gusto. It embraces isolationism and protectionism. Above all, it champions white nationalism, or a neo-segregationist “race realism”, giving apocalyptic warning of an impending “white genocide”. Which, of course, is really just old-fashioned white supremacism in skimpy camouflage” (…) “The association precedes Mr Trump’s hiring as his campaign manager of Stephen Bannon, former boss of Breitbart News, a reactionary news website that Mr Bannon reportedly described as “the platform for the Alt-Right”, and which has covered the movement favourably” (Economist – ‘Trump and the Alt-Right Pepe and the stormtroopers’ 17.09.2016 link: http://www.economist.com/news/united-states/21707201-how-donald-trump-ushered-hateful-fringe-movement-mainstream-pepe-and).

Why I ask myself this now is because of we’re soon in 2017, there will be important questions ahead. Many that we cannot foresee as much as the environment and climate change might mean for us, as kid of the 90s I remember the sun-damage danger and the Ozone, now it’s the CO2 emissions and heated polluted air, that Donald Trump doesn’t believe him because he is not a penguin who’s struggling to in dwindling ice on Greenland. As he assemble people who cares for business over environment, that cares more about production than the reasons for the earthquakes in Oklahoma state: “The state has seen a sever spike in earthquakes of 3.0 magnitude or higher since 2008, when energy companies ramped up their hydraulic fracturing, or fracking, for oil and gas in the state, Choy said. The number of 3.0 magnitude quakes rose from 2 in 2008 to 889 last year, according to USGS statistics. So far this year, there have been 572” (USA Today,’ Oklahoma earthquake reignites concerns that fracking wells may be the cause’ 07.11.2016 link: http://www.usatoday.com/story/news/2016/11/07/oklahoma-earthquake-fracking-well/93447830/).

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We can wonder how this might be, as the Alt-Right, Republican Cabinet is assembled by men and woman who will honour Trump, be his advisors and take orders as he doesn’t have trouble with connections with his own businesses that his kids will control while he is in command. This is still an issue a month after as he will be Executive Producer for ‘Celebrity Apprentice’ on NBC while being in the White House, which is a hobby for the old-man who just used two years becoming President. So the Trump Organization will surely be controlled from the White House as he cannot shelf his control from anything he touches, even if that breaches with the constitution. That foreign dignitaries are now renting rooms in the Trump Hotels close to the White House, as it just happen to done during the Presidential Campaign was just coincidence: “Wednesday’s grand opening and ribbon-cutting ceremony marked the culmination of a $200 million project. The Trump Organization renovated the 1899 Romanesque Revival-style Old Post Office building, on Pennsylvania Avenue near the White House. With 263 guest rooms and suites, and a ballroom that Trump has said is the biggest in the nation’s capital, the hotel is among the priciest in town. Donald Trump, speaking at the event, said the hotel came in “under budget and ahead of schedule.” He cut the ribbon in the lobby alongside wife Melania and children Ivanka, Donald Jr., Eric and Tiffany” (Bloomberg – ‘Trump Executives Tout Brand Resilience at D.C. Hotel Opening’ 26.10.2016 link: https://www.bloomberg.com/news/articles/2016-10-26/trump-executives-use-d-c-hotel-opening-to-tout-brand-resilience).

So as he was a Presidential-Candidate he could consider his time to his own business, how could we get there and how could the citizens who voted for him think he will act differently a month after? Certainly the proof now is clear that he thinks of his business and opportunities as much as he can consider America first. The public might grab glimpses of his thoughts on Twitter, but not a reality of how that will be configured in actions as President.

What the world can expect and how he will acts is unsure, more unsure than the policies of the Tories coming to the “leaving Europe and European Union in the Red-White-Blue Brexit” of Theresa May. Donald Trump might bomb somewhere for oil, he might kill kids and families to stop the civil war in Syria. What we can foresee of his actions is unknown and the US Society accepted that sort opinions and as a Commander-in-Chief is exceptional.

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The bravery and the reality, the stuttering silence of hope and only despair. Industrialization together with Multi-National Companies who gotten all freedom and liberty, while the citizens has to apply and be lucky to get jobs. The reality of Multi-National Companies steering lobbying in Washington D.C. and together with giant supported Super-PACs has picked out the “good” candidates for the Trump Administration as the roots of too big to fail is evident in the matter of businesses of the day. That is where the US dream is happening and dying. It is dying because of the Multi-National gets full control of the Senate and Congress, the President and if the Supreme Court Justices dies, than they can get their selected people to run for them there too. Not for the public good or will, but for the companies’ profits. That will be on overdrive with the men that has been picked as Secretary of Treasury and Secretary of Commerce.

How did we get to a place where the Presidential Candidate who was supposed to be there for the workers, the American workers was in shambles, that he nominees a man who has done this: “Puzder observes, “They’re not talking about $15 or $12 an hour, the kind of dramatic increases that are being bandied about in the political process right now.”  CKE’s average wage, he says, is a bit over $10 an hour, “so we’re not talking about everybody in the restaurant working for $7.25.” (In California, the minimum wage is now $10.) “But we’re talking about entry-level jobs. Are people going to want to hire entry-level employees for these very high minimums, which come with Obamacare, which come with mandatory sick leave, or other benefits which the government imposes on business for these individuals? Are you going to be able to keep minimum wage entry-level job positions open for individuals?” (L.A. Times – ‘   Does Andy Puzder really want to replace his Carl’s Jr. workers with robots? No, but…’ 30.03.2016 link: http://www.latimes.com/business/hiltzik/la-fi-hiltzik-puzder-20160322-snap-htmlstory.html).

So with this all in mind, we should ask how we got here? Michael Moore said it so nicely back in the day: “Midwest Math, or Welcome to Our Rust Belt Brexit.  I believe Trump is going to focus much of his attention on the four blue states in the rustbelt of the upper Great Lakes – Michigan, Ohio, Pennsylvania and Wisconsin. Four traditionally Democratic states – but each of them have elected a Republican governor since 2010 (only Pennsylvania has now finally elected a Democrat). In the Michigan primary in March, more Michiganders came out to vote for the Republicans (1.32 million) that the Democrats (1.19 million). Trump is ahead of Hillary in the latest polls in Pennsylvania and tied with her in Ohio. Tied? How can the race be this close after everything Trump has said and done? Well maybe it’s because he’s said (correctly) that the Clintons’ support of NAFTA helped to destroy the industrial states of the Upper Midwest. Trump is going to hammer Clinton on this and her support of TPP and other trade policies that have royally screwed the people of these four states” (…) “That’s a small peek into the mind of the Endangered White Male. There is a sense that the power has slipped out of their hands, that their way of doing things is no longer how things are done. This monster, the “Feminazi,”the thing that as Trump says, “bleeds through her eyes or wherever she bleeds,” has conquered us — and now, after having had to endure eight years of a black man telling us what to do, we’re supposed to just sit back and take eight years of a woman bossing us around?” (…) “The Depressed Sanders Vote. Stop fretting about Bernie’s supporters not voting for Clinton – we’re voting for Clinton! The polls already show that more Sanders voters will vote for Hillary this year than the number of Hillary primary voters in ’08 who then voted for Obama. This is not the problem. The fire alarm that should be going off is that while the average Bernie backer will drag him/herself to the polls that day to somewhat reluctantly vote for Hillary, it will be what’s called a “depressed vote” – meaning the voter doesn’t bring five people to vote with her. He doesn’t volunteer 10 hours in the month leading up to the election” (Michael More – ‘5 Reasons Why Trump Will Win’ link: http://michaelmoore.com/trumpwillwin/).

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That Michael Moore saw it coming and asked for society to think about the reasons for protest Trump vote out there and the plans for shaking certain swing-states to the Republican Party. Something that happen… and it wasn’t beautiful the ones who had hope for another experience. We can just wonder how they got duped to follow this man and made the system ready for his as commander in chief!

I just wonder how the American Experience became Donald J. Trump, how we went from hope and change, into fear and depression, where the army and military will get more power, where the multi-national companies will be more connected with the Trump Administration and the fracking, big-oil, giant banks and finance industry get more power in the White House. The Republican Party and their loyal cronies will have both houses and the Presidency under Trump. So the possibilities are endless. We can wonder how we got here.

How did we get here? And we should ask ourselves that? The answers are many and reasons for the US election turning to Trump should be asked more times as the answers will be different with times, as the layers will peeled off and we will find the core reasons for why a Reality Star, a Real Estate Investor and a Limited Label salesman, sometimes a snake-oil of that, became the next President of the United States. Peace.

The nominations of Mnuschin and Ross proves that Donald Trump is not ‘draining the swamp’!

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The Economic Policies of any United States administration are usually bound by the people that are running two key positions; these are Secretary of Treasury and Secretary of Commerce. The Economy is bound by the decisions these ones do. This here will prove what kind of administration that Trump will run and what kind of regulations of trade, business and economy in general. Therefore the picking of personnel is central to how the state of affairs at the top of the food-chain in Washington.

Donald Trump the Presidential-Elect that has been all and mighty on draining the swamp. So he proves that it was just words during the campaign to sell to his supporters, he even pledged this earlier in the year:

“We have to give new voices a chance … so we can have a government that works again and can function properly …” Trump said” (Hughes, 2016).

Draining the Swamp:

“There is another major announcement I am going to make today as part of our pledge to drain the swamp in Washington. If I am elected President, I will push for a Constitutional Amendment to impose term limits on all members of Congress” (…) “Decades of failure in Washington, and decades of special interest dealing, must come to an end. We have to break the cycle of corruption, and we have to give new voices a chance to go into government service. The time for Congressional term limits has arrived” (…) “Not only will we end our government corruption, but we will end the economic stagnation” (Trump, 2016).

We will first see what the Treasury are supposed to do and what the department will do:

“Treasury’s mission highlights its role as the steward of U.S. economic and financial systems, and as an influential participant in the world economy” (Treasury.gov – ‘About – Role of Treasury’). So the Secretary of Treasury is important for the financial system, therefore it’s important to look at the nominee. So we have to look into the nominee who has influence of the financial systems.

Also, we have to see what is special about the Department of Commerce: “The Department works with businesses, universities, communities, and the Nation’s workers to promote job creation, economic growth, sustainable development, and improved standards of living for Americans. Through its 12 bureaus and nearly 47,000 employees located in all 50 states and five U.S. territories and more than 86 countries worldwide, the Department administers critical programs that touch the lives of every American” (Commerce.gov – ‘About Commerce’). So we can see the importance of the person leading these 12 bureaus that should make it possible to create jobs and commercial business in the United States, therefore the person leading here has to know how to improve the economic growth.

With this knowledge the persons acts before and their economic framework together with the economic platform; that means their faith in the markets or the regulations. That he will give way to free regulations for the financial markets instead of regulating them.

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Steve Mnuchin is the nominee for Secretary of Treasury:

Mnuchin worked at Goldman Sachs for seventeen years, where he eventually became an executive vice president. According to the Wall Street Journal, he left in 2002 “at the age of 39 with a reported $46 million stake in the bank.” He was recruited by his Yale roommate, Eddie Lampert, to join ESL, a hedge fund, as vice chairman. A few months later, he jumped to SFM Capital Management as its CEO. But within a few months he changed jobs again, leaving SFM to co-found Dune Capital with his former Goldman colleagues Daniel Neidich and Chip Seelig” (…) “In 2009, Mnuchin helped assemble a group of investors (including computer capitalist Michael Dell, financier George Soros, private equity investor Christopher Flowers, and hedge fund titan John Paulson) to buy IndyMac Bank from the Federal Deposit Insurance Corporation (FDIC) as part of a sweetheart deal. They renamed it OneWest Bank and kept its headquarters in Pasadena” (Dreier, 2016).

Relativity bankrupt:

Relativity explicitly blames the bank, founded by Steve Mnuchin, who until recently was one of studio founder Ryan Kavanaugh’s best friends and a company director, for violating bankruptcy procedures and for delaying the release of a movie recently considered to be the studio’s savior, a letter and an email from the company obtained by The Post reveal” (…) “ OneWest’s hoovering up of the $50 million, revealed in court papers, included $32 million drained from the studio’s library and $17.9 million from two other accounts” (…) “The bank’s actions placed Relativity in a precarious financial state, forcing it to largely “stop paying many vendor bills, to postpone production of certain film projects and to postpone the release of certain completed films,” Blackstone’s Tim Coleman, Relativity’s financial adviser, said in court papers” (McCaulay, 2016)

Foreclosure from OneWest:  

“According to Gudiel, when she tried to make the $2,500-a-month mortgage payment two weeks late in November 2009, OneWest refused the payment and instructed her to pursue a loan modification, a long process that ultimately ended in rejection in January” (…) “OneWest referred questions to the public relations firm Sard Verbinnen & Co., which said that Fannie Mae, which holds about one-third of the mortgages in the country, had not authorized them to modify the loan” (… ) “OneWest is pleased that it has been able to work with Fannie Mae, the owner of the loan, to authorize it to offer the Gudiels a loan modification that would allow the family to stay in their home,” the firm said in a statement” (Huus, 2011).

Fraud from his bank:

While the Rigalis were negotiating on the mortgage modifications, IndyMac Federal Bank failed in what would be the fourth-largest bank failure in U.S. history. What was left of IndyMac was acquired in March 2009 by a Mnuchin-led group of private investors for $1.55 billion” (…) “The Rigalis’ court filings “alleged they were led to believe, by representatives of several banks over a period of years, that their $560,000 loan would be modified. They believed they had entered into several forbearance agreements with several but related banks.” (…) “Crandall wrote in his denial of the motion that “the facts before the court are sufficient to defeat summary judgment” of most of OneWest Bank’s assertions, and he concluded that the Rigalis produced enough proven evidence to show that they could prevail in a jury trial. OneWest quickly offered a settlement, sources said” (…) “Recent legislative measures “provide an important lens” for the court to look through, wrote Crandall in denying OneWest’s motion” (…) “The judge was referring to the banking practice of dual tracking, in which a borrower in default seeks a modification while the institution continues at the same time to pursue foreclosure. By the time the borrower learns what is happening, it is usually too late to prevent the foreclosure” (Blackburn, 2013).

Just as he has become the nominee certain board positions he had to give up:

“NEW YORK–(BUSINESS WIRE)–CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the Treasury” (…) “On behalf of the entire Board, I want to thank Steven for his contributions to CIT,” said Ellen R. Alemany, Chairwoman and CEO. “Steven has been a valued member of our Board, and we wish him well in this monumental role.” (CIT.com, 2016). He also stepped down from being a board-member at Sears.

So the OneWest CEO Steve Mnuchin is becoming the Secretary of Treasury in the Trump Administration. He been a board-member in CIT and Sears, as well as been speculative in foreclosures in people’s homes as well as Relativity studio or Film Company became bankrupt because of the loans and structure of funding through OneWest. So this speculative actions can be assured of will happen, but not with just one hedge-fund Wall-Street banker bravado, but now with the economic policies as underlining from the newly nominated Munuchin.

Than we have the other nominee that will lead 12 important bureaus that is now being delegated through the financial heavy weight Ross; which also have long history on Wall Street.

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Wilbur Ross is the nominee for Secretary of Commerce:  

Wilbur is another fellow with a spreadsheet that is impressive, but also sees the cynical side of the economy, where the importance of business is profits; not actually creating work. Therefore his nomination is more about securing equity is the reality than the person who actually earns those fortunes. Therefore the way he salvaged the businesses and made profits on them, as well as the reality of the man behind those transactions and how many settlements for fraudulent acts from his companies and subsidiaries. Here is a little look!

Wilbur Ross is best known for his ability to find distressed companies and turn them around for a large profit – it is a talent that has given him an estimated net worth of more than $2 billion. And in recent years Ross’s sights have been firmly set on financial companies. Since 2008 he has invested a reported $1.8 billion into banks.  But now he has had enough. NBNK Investments, the investment company in which Ross took a 30% stake in 2013 and that tried and failed to buy TSB from Lloyds, is closing. In 2010 NBNK had raised £50 million in an IPO with the aim of financing European banks. Six years later, it didn’t have a single investment to show for it” (Avery, 2016).

WL Ross & Co. LLC, a Delaware limited liability company, is a private equity firm that was founded in 2000. WL Ross registered as an investment adviser with the Commission in April 2007. WL Ross is headquartered in New York, New York. Since 2006, WL Ross has been wholly owned by Invesco Private Capital, Inc., a subsidiary of Invesco Ltd., a publicly traded company (collectively, “Invesco”). WL Ross provides investment advisory services to the WLR Funds and other private equity funds, as well as to separately managed accounts and co-investment vehicles. According to its most recent Form ADV filing as of April 21, 2016, WL Ross has approximately $4.6 billion in assets under management” (Service Exchange Commission, 2016).

“Between 2001 and 2011, WL Ross adopted a Transaction Fee allocation methodology that resulted in WLR retaining a significant amount of those fees for itself rather than allocating them to the WLR Funds for the purpose of offsetting the management fee. Specifically, WL Ross allocated Transaction Fees that it earned from portfolio investments to the WLR Funds based upon their relative ownership percentages of the portfolio company without disclosing this practice. As a result, WL Ross retained for itself that portion of the Transaction Fees that was based upon co-investors’ relative ownership of the portfolio company, without subjecting such fees to any management fee offsets. WLR did not disclose to the WLR Funds and to the Funds’ limited partners that it would allocate Transaction Fees according to the above allocation methodology, and that WLR construed the ambiguous provisions in the relevant LPAs in its own favor rather than the WLR Funds’ favor. If WL Ross had instead adopted a methodology requiring the allocation of all Transaction Fees pro rata among the investing WLR Funds (and other WLR funds that also had offset provisions) and offset the WLR Funds’ management fees accordingly, the WLR Funds (and other WLR funds that also had offset provisions) would have received the benefit of all Transaction Fees received by WL Ross. WL Ross received approximately $10.4 million more in management fees using the selected methodology than if it had allocated Transaction Fees pro rata among the WLR Funds for management fee offset purposes during the relevant time period” (Security Exchange Commission, 2016).

Earning money on failing business:

“In May the board of NBNK, made up of private equity firm WL Ross & Co’s senior vice president Stephen Johnson, and Labour life peer and barrister Lord Brennan, voted in May to make the payment to WL Ross & Co for the “recovery of legal fees and other due diligence costs.” (…) “The vehicle’s most recent accounts revealed a loss for the year of £271,000, from a loss of £182,000 the previous year” (Bambrough, 2016).

“Billionaire investor Wilbur Ross has reached a deal to buy Nexeo Solutions Holdings LLC, a distributor of plastic resins and chemicals, for roughly $1.6 billion, including debt” (…) “Nexeo is currently owned by private-equity firm TPG, which purchased the company for nearly $1 billion from U.S. specialty-chemicals producer Ashland Inc (NYSE: ASH) in 2011. The deal is expected to be announced on Monday morning” (…) “WL Ross Holding will pay $500 million in cash and fund the rest of the purchase with debt, the sources told the newspaper. TPG will roll over some of its equity into the new public company, one of the people told the Journal” (DiSavino, 2016).

“The Securities and Exchange Commission said on Wednesday that the group failed to disclose its fee allocation practices, resulting in investors overpaying by $10.4m between 2001 and 2011. WL Ross was not allocating transaction fees to the funds to offset management fees, the SEC said” (…) “WL Ross also agreed to pay a civil penalty of $2.3m, but neither admitted to nor denied the SEC’s findings” (…) “We are pleased to have arrived at a resolution around historical management fee disclosure in a subset of our funds,” said Jeaneen Terrio, a spokesperson for Invesco, which bought WL Ross in 2006. “This resolution reflects a proactive approach to handling the matter and our commitment to exceeding the expectations of today’s private equity market.” (Sampson, 2016).

wilbur-ross-2012-quote

Fixing Irish Economy:

As an investor in Bank of Ireland, it would be a surprise if Ross thought otherwise – after all he needs to recoup his investment and more. But he is one of the world’s most successful turnaround financiers – his involvement in the turnaround of over $200bn of distressed assets worldwide has earned him the nickname ‘king of bankruptcy’. So his words will be a boost to Ireland’s international standing” (…) “In the past few weeks of financial turmoil, Ireland has seen some faith in the international money markets restored, with 10-year bond yields down from 14% in mid-July to around 9%.” (O’Carroll, 2011).

So Donald Trump’s way of cleaning up the swamp is giving the idiom or a myth, because Wall Street connections with Washington D.C. cartels were not supposed to happen under the presidency. With the knowledge of the men he has picked in charge of the Economy, this proves that it was never a part of plan. If so Trump has a rare way of sending of the message with hiring and nominating Steven Mnuchin and Wilbur Ross.

These men have worked up fortunes and earned monies on the destruction of the American Dream. They have taken people’s hard-earned monies and created profits overnight. These men have used sophisticated limited liabilities companies, hedge-funds and transactions to earn monies on failed houses and companies. With ease the men and woman could be stifled even the government banks Fannie Mae and Freddie Mac and the foreclosed homes has even been a bargain. These men are supposed to create industry and the regulations for the finance industry. Together with the creations of consolidation funds and the roll-over money from the government; so that the debt could be staying longer as Mnuchin believes even can be put into 100 year bonds. That could create an unknown inflation of funds and also of the regulations of the combined currency in the market. Something that Wall Street people sees it as an opportunity.

trump-regulations

Donald Trump has seeking to revamp the economy with men who are connected with the biggest investors of our time, with the families and using all kind of tricks to earn coins for themselves. Even the SEC has fined the companies of Mr. Ross for misbehaving with funds and with commissions, these men that has used ways of loop-holing the finance industry; the finance industry they now will steer. This can only be for the freedom of the giant companies and the wealth they have created in the market place on other people’s misery.

Trump has picked and nominated men who’s greed extend nearly no boundaries, these men will not drain a swamp or even follow up the promises on the campaign. They will continue and less regulates the economy. That might bring back the recession or even depression as the richer get wealthier and the poor will not become the middle-class.

These men has surely will secure the class there are set in and want to be part of. The one that they have been parts of and will secure the future of. These are not working-class friendly men who connect with the Indiana, Minnesota and Mississippi. So Trump clearly only a one-man show for the façade and not the real deal, sort of like a government acting on the Trump University philosophy: “You’re selling a feeling, not a product” and the same does the Trump Organization and now the Trump Administration.

The lie this time is the draining the swamp, the corporate parts of Washington D.C. politics and elites, as Trump chooses the same or even more wealthier businessmen who has more connections inside Wall Street and has more conflict of interest than before. The Trump Administration in the White House will be filled with men who have their business at heart and not the citizens who voted for him. Peace.

Reference:

Avery, Helen – ‘Banking: Wilbur Ross chases shadows’ (May 2016) Link: http://www.euromoney.com/Article/3551137/Banking-Wilbur-Ross-chases-shadows.html?copyrightInfo=true

Bambrough, Billy – ‘US billionaire investor Wilbur Ross picks up £280,000 from the ashes of NBNK’ (04.07. 2016) link: http://www.cityam.com/244546/us-billionaire-investor-wilbur-ross-picks-up–ashes

Blackburn, Daniel – ‘OneWest Bank pays 7 figures in mortgage fraud case’ (11.09.2013) link: https://calcoastnews.com/2013/09/onewest-bank-pays-7-figures-mortgage-fraud-case/

CIT.com – ‘CIT Announces Resignation of Steven T. Mnuchin from Board of Directors’ (02.12.2016) link: http://news.cit.com/press-release/corporate-news/cit-announces-resignation-steven-t-mnuchin-board-directors

Dreier, Peter – ‘The Worst of Wall Street: Meet Donald Trump’s Finance Chairman’ (10.05.2016) link: https://www.thenation.com/article/the-worst-of-wall-street-meet-donald-trumps-finance-chairman/

DiSavino, Scott – ‘Wilbur Ross to buy Nexeo from TPG for $1.6 billion: source’ (20.03.2016) link: http://www.streetinsider.com/Mergers+and+Acquisitions/Wilbur+Ross+to+buy+Nexeo+from+TPG+for+$1.6+billion%3A+source/11434492.html

McCaulay, Scott – ‘Controversial Film Financier Steven Mnuchin Joins Trump Campaign as National Finance Chairman’ (05.05.2016) link: https://filmmakermagazine.com/98428-controversial-film-financier-steven-mnuchin-joins-trump-campaign-as-national-finance-chairman/

Hughes, Trevor – ‘Trump calls to ‘drain the swamp’ of Washington’ (18.10.2016) link: http://www.usatoday.com/story/news/politics/elections/2016/2016/10/18/donald-trump-rally-colorado-springs-ethics-lobbying-limitations/92377656/

Huus, Kari – ‘Homeowner taps ‘Occupy’ protest to avoid foreclosure’ (17.10.2011) link: http://www.nbcnews.com/id/44908122/ns/us_news-life/t/homeowner-taps-occupy-protest-avoid-foreclosure/#.WEHO5fnhDIU

O’Carroll, Lisa – ‘Ireland will be ‘Celtic Tiger’ again – Wilbur Ross’ (31.08.2011) link: https://www.theguardian.com/business/ireland-business-blog-with-lisa-ocarroll/2011/aug/31/ireland

Samson, Adam – ‘WL Ross in $14.1m settlement with US over fee disclosures’ (24.08.2016) link: https://www.ft.com/content/e8424f8f-5031-3d50-941b-a51ccaa07980

Security Exchange Commission – ‘Release No. 4494 / August 24, 2016 ADMINISTRATIVE PROCEEDING File No. 3-17491’ (24.08.2016)

Trump, Donald J. – ‘TRUMP PLEDGES TO DRAIN THE SWAMP AND IMPOSE CONGRESSIONAL TERM LIMITS’ (18.10.2016) link: https://www.donaldjtrump.com/press-releases/trump-pledges-to-drain-the-swamp

A quick look into the leaked DNC report of 2015 on Donald Trump

Donald Trump 1990s People's Cover

“The Press Are Liars. They’re Terrible People.” “‘The press are liars. They’re terrible people … Not all of them, but many of them.’ Trump also bragged that he knows how to get past the media: ‘I have millions of people on Facebook and Twitter,’ which he likened to ‘owning the New York Times without the losses.’” – Donald Trump [New York Magazine, 6/12/15]” (DNC, P: 203, 2015).

This is written regard to the leak that was from the Democratic Party and their plan to counter Donald Trump, also shows the level of donor funding from certain famous people into the DNC. All of that shouldn’t be surprised, but the juiciest part of it we’re the pages where the DNC had built around the GOP most likely nominee Donald Trump. Certain things been said before, but I will take the pieces that are the best from this, of other people do the same; than it is because the systematic and also not news anymore, as the Trump doesn’t care about what he really says or pledges; as they are all just in the moment flashes of his humanity, that the most important is that he is the centre of attention. Something he has been in his own mind since he built the Trump Tower in Manhattan, New York. But now go back into… the matter at hand, the December planning document from the DNC!

Donald Trump Said He Would Rescind The Dream Act Executive Order And Deport Entire Families Of Immigrants, Even If Some Family Members Were Legally Documented. CHUCK TODD: “What do you do about the DACA order now? The Dream Act, however you want to refer to it. The executive order that is—” DONALD TRUMP: “The executive order gets rescinded. One good thing about … One good thing about—” TODD: “You’ll rescind the Dream Act executive order—” TRUMP: “You’re going to have to. …  We have to make a whole new set of standards. And when people come in, they have to come in legally—” TODD: So you’re going to split up families? … You’re going to deport children—”   TRUMP: “Chuck. No, no. We’re going to keep the families together. We have to keep the families together.” TODD: “But you’re going to keep them together out—” TRUMP: “But they have to go. But they have to go. … They have to go. Chuck, we either have a country or we don’t have a country.” [Meet The Press, NBC, 8/16/15]” (DNC, P: 23, 2015).

Trump debate quote CNN

From the man ‘making America Great again’ did this in his past to save his own skin:

““Two of developer Donald Trump’s operations, the Taj Mahal Casino Resort and the Trump Shut-tle airline, announced Friday they are eliminating a total of about 370 jobs as part of streamlining efforts. The cutbacks come amid speculation that Trump has overextended himself with rapid expansion into the airline and Atlantic City, N.J., casino industries. The Taj Mahal Casino Resort said it is cutting 300 jobs, mostly in its culinary section, less than two months after it opened. In a separate announcement, a spokesman said the Trump Shuttle, which serves air passengers on the busy Boston-New York-Washington, D.C. route, had furloughed about 70 of its roughly 1,000 employees.” [Associated Press, 5/25/90]” (…) “The post-summer casino slowdown and a weak gaming market spell 500 layoffs at Donald Trump’s Taj Mahal Casino Resort, a top Trump official said in a published report.  Trump Plaza Hotel and Casino will also end up with 150 fewer workers, the official said. The casino industry traditionally lays off employees after the busy summer months. Few casinos have been able to turn a profit or boost gross gaming revenues this year, due largely to competition from the Taj Mahal, which opened in April.” [Newsday, 9/20/90]” (…) “Nearly 200 employees were laid off Monday at the Trump Castle Casino Resort in a money-saving move. Casino president Roger Wagner, who was hired away from rival Claridge Casino Hotel earlier this month to cut costs at Trump Castle, said the layoffs of 190 workers came across the board at the management and executive levels. The layoffs leave the casino with about 3,400 employees, Wagner said. Wagner said the declining economy and flat gaming market prompted the need to cut costs.” [Associated Press, 1/29/91]” (…) ”Marc Lasry, chairman and CEO of Avenue Capital Group, was given final approval Wednesday by New Jersey casino regulators to control the Atlantic City casino company that was founded by Donald Trump. Avenue, which specializes in distressed investments, won the company in a bankruptcy battle last year, and is the largest shareholder at nearly 22 percent. Trump, the real estate magnate and reality television star, owns 10 percent. … The company has been paying down debt and cutting jobs since the new owners took over last July. The sale next month of Trump Marina Hotel Casino to a Texas firm will bring its debt to near $300 million from its current level of $332 million, Griffin said. … Trump Entertainment Resorts has cut 600 jobs since last fall and now has a work force for their three casinos of about 8,000 employees, Griffin said.” [Associated Press, 4/6/11]” (DNC, P: 14-15, 2015).

Hard to spot the difference:

“HUGH HEWITT: “Are you familiar with General Soleimani?” DONALD TRUMP: “Yes, but go ahead, give me a little, go ahead, tell me.” HUGH HEWITT: “He runs the Quds Forces.” DONALD TRUMP: “Yes, okay, right.” HUGH HEWITT: “Do you expect his behavior…” DONALD TRUMP: “The Kurds, by the way, have been horribly mistreated by …” HUGH HEWITT: “No, not the Kurds, the Quds Forces, the Iranian Revolutionary Guards Quds Forces.” DONALD TRUMP: “Yes, yes.” HUGH HEWITT: “…is the bad guys.” DONALD TRUMP: “Right.” HUGH HEWITT: “Do you expect his behavior to change as a result…” DONALD TRUMP: “Oh, I thought you said Kurds, Kurds.” HUGH HEWITT: “No, Quds.” DONALD TRUMP: “Oh, I’m sorry, I thought you said Kurds, because I think the Kurds have been poorly treated by us, Hugh. Go ahead.” HUGH HEWITT: “Agreed. So Soleimani runs the Quds Forces. Do you expect his behavior is going to change as a result of this deal with Iran?” DONALD TRUMP: “I think that Iran right now is in the driver’s seat to do whatever they want to do. I think what’s happening with Iran is, I think it’s one of the, and I covered it very well. I assume you saw the news conference. I think Iran is, it’s one of the great deals ever made for them. I think it’s one of the most incompetent contracts I’ve even seen. I’m not just talking about defense. I’m not talking about a contract with another country. I’ve never seen more of a one-sided deal, I think, in my life, absolutely.” HUGH HEWITT: “Well, Soleimani is to terrorism sort of what Trump is to real estate.” DONALD TRUMP: “Okay.” HUGH HEWITT: “Many people would say he’s the most dangerous man in the world, and he runs the Quds Forces, which is their Navy SEALs.” DONALD TRUMP: “Is he the gentleman that was going back and forth with Russia and meeting with Putin? I read something, and that seems to be also where he’s at.” HUGH HEWITT: “That’s the guy.” DONALD TRUMP: “He’s going back and forth meeting with other countries, etc., etc.” HUGH HEWITT: “That’s the guy.” DONALD TRUMP: “Not good.” HUGH HEWITT: “And so do you think…” DONALD TRUMP: “Not good for us. And what it shows is a total lack of respect, I mean, that the other countries would even be entertaining him, and they’re entertaining him big league, big league.” [Hugh Hewitt Radio Show, 9/3/15]” (DNC, P: 34, 2015).

Self-profile with Gadaffi:

“TRUMP: “I’ve been interacting with leaders of countries and leaders of business all over the world, all of my life. And I think you guys know that probably better than anybody. I think I probably have more experience than anybody, whether I sell them real estate for tremendous amounts of money — I mean, I’ve dealt with everybody….  I dealt with Qaddafi.” DOOCY: “You buried the lead. What did you do?” TRUMP: “Excuse me. I rented him a piece of land. He paid me more for one night than the land was worth but the whole year, for two years, and then I didn’t let him use the land. That’s what we should be doing.” DOOCY: “Was that over in New Jersey?” TRUMP: “I don’t want to use the word screw but I screwed him. That’s what we should be doing. I rented him a piece of land in Bedford, New York. I rented him a piece of land…. He paid me a fortune and then I didn’t let him use the land.”[Fox & Friends, Fox News, 3/21/11]” (DNC, P: 67, 2015).

Trump broken flag

It’s okay when he could bribe the politicians, but not now he was running:

“TRUMP: “Well, it’s a very complex — you know what?  It’s a very complex thing.  As an example, I’m allowed to give $1,000 to every senator, right?… Do you know how little that is, and this was 20 years ago, $1000.  Now, I love it, because, you know, I’m capped out at a $1,000 per senator and they all love me for it.  You know, I give them $1,000, it’s great.” KING: “But you can reform where you have soft money, hard money, PAC money.” TRUMP: “Well, no, you have other ways.  But the one thing I feel strongly about — you know, I have heard Bradley and others talking about the government should pay for the elections, and I totally disagree.  If you like a candidate, you should be able to contribute to that candidate.  Now, they should let it be known that you’re contributing, but you should be able to contribute and help that candidate.  Otherwise, you’re taking away the whole American system.” [Larry King Live, CNN, 10/7/99]” (DNC, P: 76, 2015).

Not as Savvy in Business as he think he is:

“As ‘really rich’ as Donald Trump is today, he might have been even richer if, instead of dabbling in skyscrapers and casinos, he’d simply taken his eight-figure inheritance decades ago and sunk it into the stock market. Had the celebrity businessman and Republican presidential candidate invested his eventual share of father’s real estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today, thanks to the market’s performance over the past four decades. If he’d invested the $200 million that Forbes magazine determined he was worth in 1982 into that index fund, it would have grown to more than $8 billion today.” [National Journal, 9/2/15]” (DNC, P: 30, 2015).

Michael-Moore-Trump-Tower-Facebook-640x480

Here it was all in his own words, showing that his bluntness and loose mouth is not to be controlled, there we’re more things in the over 200 pages report, most a well-known and been addressed in the media. As the media who has undressed the Presidential Nominee have all has been revoked from the Campaign trail as Buzzfeed, Gawker, Huffington Post, Washington Post and so on have all been banned from the Donald. His thin skin can’t accept that he scanned thorough as a Presidential Candidate, he expect to be in glory as he is Fox News.

We can also see how little knowledge (Donald Trump has) and (his) understanding of the Syrian crisis, I will not say I have much understanding, as there are Kurdish forces, ISIS, Bashir Government Forces and other guerrillas together with loyalties to Turkey, Iran, Russia, EU-USA and so on. So that I would be more cautious as the steps and understanding of the conflict in Syria, are very complicated and would be cautious to describe the defining forces between who is who; and who is responsible for what and who are the legitimate force for change or stability of the country of Syria, as I am not sure and wouldn’t be as aggressive and ignorant as Donald Trump.

The other parts show how easy he can fire people and go bankrupt in the end also be in charge for other people losing their job, so he could save his skin and such. Together with his business savviness as the index fund investment could have earned as much as he claims to be worth. Though the claim is hard to address as he still haven’t delivered any IRS Tax Returns, so we can’t scrutinise his economy and business. There no real proof or registered fortune of the man. We can therefore question the validation of the values his current business and personal wealth. Since we have no grounds or legal documents, other than his bragging papers dropped in 2015, right after his start of his Presidential Campaign in the GOP Primaries.

With all of this in mind, the document said something and put the man in perspective, but not as much news, the others are the systematic proof of how his words and his ply in public, as he has no records as a legislator, member of Parliament or in the Senate, therefore he can only be seen as the man talking to Talk-Show hosts and radio-shows as he have always enjoyed the lime-light. Peace.

Reference:

Democratic National Committee – ‘Donald Trump Report’ (19.12.2015)

Donald Trump haven’t only made “Good Deals” he has failed exeptionally well; failures like in Scotland, Atlantic City, Airplane Company and Vodka; with this business-model, I doubt he will able to “make America Great again!”

donald-trump-make-america-great

Donald Trump the Reality TV Star who is famous for saying “You’re fired” and also for hosting a Miss Universe contest. He is not famous for being a politician and therefore I have not taken him seriously as Jon Steward on the Comedy Central bashed him on the day he announced his intention for running as President as he had a speech on the 16th June 2015 as a Republic Party Presidential Candidate.

He usually talks about how he can make good deals and do that in Government, I will show how he has done in the past to prove that he is not all good, and has earned money on government funding, fathers inheritance, and also destroying other people’s possibility to earn while smashing other people livelihood for his own benefit, as he has done in Scotland and Atlantic City.

282503308-stoptrumpus-cease-desist9-22-15-p1-normal

I could have bashed him for his empty rhetoric and for not telling how to really make “America Great Again” as he is an empty suit with no moral fiber what-so-ever as he uses Immigration policy and spread fear  to the public to gain momentum and surge of the angry clue-less white rednecks; who couldn’t open a book or read a Foucault explanation on how “Governance” supposed to be. As he believes he can with he deals structure can fix everything. While I doubt it, as the structures and procedures will stifle him, as he is not an island at the White House and in the Senate and House of Representative in Congress; as he has to follow the guidelines of these outfits.

USA_Government_Branches_Infographic

Something he can’t dictate as he does with his Trump Organization where all the Yes Men follow his every move; the same will not happen there as he cannot be the grand dictator and authoritarian leader who owns Capitol Hill, as it seems the “American Great Again” doesn’t have the pulse. But follows on the fear and not on political framework, unless Mr. Trump himself earns on the new taxation reforms, not for the public; as he is a rich man who doesn’t want to be more taxed. He wants to continue to have low tax on the rich and continue to have close to 30% tax on blue-collars and working-class, not the rich, or giant International Companies, as they have loop-holes and systems to get money to tax-heavens instead of paying tax directly in the United States. This is an international problem, but with the growing debt and less income, while having issues to pay to gain growth, there must be a way of getting the wheels rolling. But I don’t see that from Mr. Trump, rather from Bernie Sanders. That is just me. Let’s take a look at some of the bad-deals of Mr. Trump!

Trump 1990 People's Magazine

His value in 1990 out of his People’s Magazine Article:

“Indeed, Wall Street sources say that the purpose of the bailout is not to get Trump up and running, but merely to buy time for the banks to oversee the sale of virtually all of his assets. Donald Trump’s empire, once valued at $3 billion, may be as good as gone, and even his private wealth is at risk. His debt is said to include $500 million in personal loans, and though he claims to be worth more than that, some analysts assay his net worth at less than zero” (Kunen, 1990).

How he really earned his wealth:

“Trump was born in New York City in 1946, the son of real estate tycoon Fred Trump. Fred Trump’s business success not only provided Donald Trump with a posh youth of private schools and economic security but eventually blessed him with an inheritance worth an estimated $40 million to $200 million” (…)”In 1990, due to excessive leveraging, The Trump Organization revealed that it was $5 billion in debt ($8.8 billion by some estimates), with $1 billion personally guaranteed by Trump himself. The survival of the company was made possible only by a bailout pact agreed upon in August of that same year by some 70 banks, allowing Trump to defer on nearly $1 billion in debt, as well as to take out second and third mortgages on almost all of his properties” (…)”In 1995 Trump took Trump Hotels & Casino Resorts Inc. public and received a substantial financial boost from society and the Securities and Exchange Commission (SEC) regulations that enable the market to function. He initially sold 10 million shares at $14 per share and then in 1996 sold 13.25 million shares at $32.50 a share. This initial public offering granted Trump’s company a stability and legitimacy that would have been impossible without millions of people around the world trusting his organization and investing with the hope of shared success” (Lapham & Miller, 2012).

Now on some of his direct bad deals as the Scottish adventure, Atlantic City’s Casino’s, Trump Shuttle and Trump Vodka, take a look!

golfscenery_TRUMPSCOTLAND

Scottish adventure as his bullies the land of inheritance:

Where he wanted to build a Golf Resort:

“The site comprises the Menie Estate an area of 452 hectares (ha) of estate policies, agricultural land, heath and dune. It is located between the A90 trunk road (A90T) and the sea about 14 km north of Aberdeen city centre, and 8 km from the northern limit of the city at the conference centre. The eastern boundary with the foreshore at the high water mark is approximately 4.2 km long, while the site narrows to the west so that the boundary with the trunk road is no more than 1.1 km. At its widest the site is about 2 km from east to west. Balmedie Country Park lies immediately to the south on the coast, while further to the west and south farmland separates the site from the village of Balmedie” (…)”The Menie Estate was most recently used for a combination of commercial shooting and some agriculture but now forms the operating base for the applicant company; Menie House is undergoing restoration as a residence. Since taking ownership Mr Trump has stopped both shooting and hunting on the land” (…)”Mr Trump has been concerned about the environmental effects of the development from the outset, although he acknowledged that he did not know the land was protected when he bought it” (…)”  A world class golf course also requires world class facilities. The clubhouse would be the nucleus of the development. The hotel would be a grand five star building that would complement the landscape in the same way that the hotels at Turnberry and Gleneagles do. The hotel and conference centre would attract golfers and non-golfers. Mr Trump believes that it would in itself be a major boost to the economy of the north east of Scotland”  (Scottish Government, 2008). That was back in 2008 and was in the recommended because of the economic prosperity in the area at the cost of the special sand-dunes that had an environmental unique place in European standard, but for the price of getting a world-class golf-course was the price the Government of Scotland accepted together with the Aberdeenshire Council” (Scottish Government 2008).

Trump Turbines Aberdeen

Some other local punters – A timeline of actions from Trump in Scotland:

“Then, on 3 November 2008, the Scottish Government granted outline planning permission for the resort, subject to 46 conditions, indicating that ‘there was significant economic and social benefit to be gained from this project’ (Scottish Government 2008b). Again, the response to this decision was predictably polarised. Industry and tourism leaders declared that it demonstrated that the North-east, and Scotland more widely, was ‘open for business’ (Whitaker, 2008a); while environmentalists feared that it would set a ‘precedent which will undermine the whole protected-sites network in Scotland’ (Urquhart, 2008)” (…)”In May 2009, it emerged that Trump International, in preparing its detailed resort masterplan, had advised Aberdeenshire Council that it would be lodging further applications for outline planning permission, but for eight parcels of land not currently owned by the organisation. These included four private homes that Trump International was hoping to acquire through ‘amicable’ discussion. It also emerged, however, that Aberdeenshire Council had prepared a briefing note for councillors which raised the prospect of compulsory purchase orders being used to secure the land (Ross 2009), although Trump International insisted that this would only be pursued as an ‘absolute last resort’ (Urquhart 2009)” (…)”Eventually, in January 2011, Trump announced that he would not be seeking compulsory purchase orders for the residential properties; that he would effectively build his course around them. However, Trump also claimed that ‘we have consistently said that we have no interest in compulsory purchase and have never applied for it’ (Urquhart, 2011). This was despite the existence of a letter from early 2009, released under freedom of information, in which his legal representatives had clearly asked Aberdeenshire Council ‘to exercise its powers of compulsory purchase…to acquire the eight plots of land on behalf of TIGLE’. That letter has become widely available online (see, for example, Scottish Green Party, 2011)” (Baxter, 2014). “In 2013, the Scottish government approved plans for the installation of wind turbines off the Aberdeenshire coast – which would generate enough energy to power 68,000 homes. Trump soon claimed that having this windfarm near his golf course “would spoil the view”, and thus entered into a legal battle against the project. But this was a battle he would lose, leading Alex Salmond to call him “three times a loser” and argue that the legal process had potentially jeopardised “a vital £200 million boost for the economy of the North East of Scotland”. In response to Salmond’s comments, a Trump Organisation spokesman said the former first minister had an “overinflated ego” and that the Scottish government was embarking on a “dangerous experiment with wind energy” which was based on a “foolish, small-minded and parochial mentality”. This in spite of the fact that wind energy is now considered to be the cheapest energy technology available in the UK” (Sabio, 2015).

Alex Salmond regrets Opening business for Trump:

“There is nothing wrong with his golf courses, the problem is that Trump Turnberry is unlikely to ever get on The Open circuit. If Turnberry doesn’t get an Open, then that costs the Scottish economy £100m” (…)“I think the association with Trump is now net damaging to the Scottish economy.” (Schmid, 2016).

This here proves that all of his business is not a good deal as he has taken some of the special areas of Scotland, not followed his promise, stifled the locals and had issues the Government over their own development as the sufficient work with the Golf Course and area that Trump Organization had planned for the area, is not working as well as the Locals or Trump hoped for; as the development of the project never got into the stages that Trump promised.

Donald-Trump-Eminent-Domain

Atlantic City Casinos gone bad, his response to newspaper actually writing about him:

“He said the bankruptcy was the result of external forces beyond his control, specifically an extremely bad economy in 1990. He said he had “the prerogative” to change his mind about using junk bonds in the financing” (…) “I didn’t want to have any personal liability, so I used junk bonds. I accept the blame for that, but I would do it again,” he said. But Trump vehemently denied that the deal represented a personal failing or affected his personal wealth” (…) “This was not personal. This was a corporate deal,” he said. “If you write this one, I’m suing you.” (Bandler, 2016).

vera_coking

Here are outtakes of the deals done in Atlantic City:

“The casino opened in April of 1990. Just over a year later, Trump was not going to be able to make his June payments. The Times said Trump was on the hook for $900 million that year, and the Taj Mahal eventually filed for Chapter 11 bankruptcy. Trump lost about half of his interest in the casino, and had to sell his private yacht and plane to help pay his losses. His creditors even put him on a budget (of $5.4 million, so … not that bad of one)” (…)“Trump Plaza was the next to fall out of his control. It was hemorrhaging cash in the early 1990s — Johnston estimates that, in the end, Trump lost about a million courting high-roller Kashiwagi (who was found dead, stabbed 150 times, in Japan in 1992) — and filed for bankruptcy protection in November. The banks took a 49 percent stake in the Plaza in exchange for more favorable terms on the $550 million in debt the building had on it. Trump remained as CEO, but no longer had a role in day-to-day operations” (McQuade, 2015).

How the Locals in Atlantic City feels about Trump:

“Sen. Jim Whelan (D-Atlantic) said Trump’s legacy in the city is a “mixed one.” (…)”The notion that he was somehow responsible for the success that Atlantic City had is not accurate,” said Whelan (D-Atlantic), who was the city’s mayor in the 1990s. “Nor is he responsible for the problems we now have.” (…)”Whelan said Atlantic City already had casino gambling for several years when Trump arrived, adding: “It’s not like he was a pioneer.” (…)”Experts said Trump ran his casinos like other owners did — and stressed that he didn’t simply leave the city on his own terms. Though Trump’s casinos were hurt by the same factors as the others in Atlantic City — a sputtering economy and growing competition from neighboring states — and though other casino companies filed for bankruptcy over the years, his companies’ four bankruptcies are also more than any other in town” (Johnson, 2015).

Trump Shuttle

Another deal gone sour was “Trump Shuttle” or his Airlines:

“NEW YORK — The sky became the limit Thursday for real estate mogul Donald Trump with the maiden flights of his Trump Shuttle service – fashioned from the innovative Eastern shuttle — taking off after a fog delay” (…)”The inaugural voyages of the Trump Shuttle, with four newly painted airplanes bearing the developer’s name, were scheduled for 7 a.m. in New York, Washington and Boston. All were delayed at least 20 minutes by thick fog in New York and Boston” (…)”Trump purchased the shuttle for $365 million from strike-battered Eastern Airlines, which is owned by the Texas Air Corp. The deal was approved May 24 by a federal judge overseeing Eastern’s reorganization under Chapter 11 of the federal bankruptcy code” (…)”Trump hired some 1,000 workers, 800 of them former Eastern employees, for the new service, said Bruce Nobles, the shuttle’s president and chief operating officer” (…)”’People are really tired of being pushed around at Pan Am. Pan Am is not exactly one of the great stalwarts of the industry,’ Trump said. ‘We’ll have the safest, most beautiful planes in the air and we’ll have the best service.‘” (…)”Trump said he expected the fare to remain at $99, the same as Pan Am, but, ‘We’ll match any price on the market’” (Wolfhorst, 1989). Already in 1991: “USAir will retain the Trump Shuttle’s employees and has an “understanding” with its unions over the shuttle’s operations, Goldman said. USAir is holding talks with its unions seeking major concessions to help it ride out the recession and its heavy losses” (…)”The USAir deal must still win final approval from the group of approximately 40 banks involved in Trump’s finances and win regulatory approval from the Transportation and Justice departments” (…)”Trump said yesterday that the deal helps him reduce his debt. “That’s what we’ve been doing for the last year is knocking the hell out of debt,” he said. “USAir is a fine company, and the shuttle is a great asset.” (Hamilton, 1991).  In 1992 this happen to it: “On Mar. 13, he is expected to conclude the final segments of a massive debt restructuring, which will give lenders the Trump Shuttle airline and hand over 49% of the Plaza Hotel in exchange for a lower mortgage-interest rate” (Businessweek Archives, 1992).

Trump_Shuttle_727_safety

In 1993 the result was this: “A USAir Shuttle spokesman says the 87 were fired because the company wanted “an optimized cost-efficient operation.” Their work will now be done by an outside contractor who can do I more cheaply, says Terry Hallcom, manager of the shuttle. (USAir manages the former Trump Shuttle for Citicorp and about 20 other banks that acquired it when Donald Trump defaulted on $380 million in 1991.) “The shuttle management needed to cut jobs to cut costs,” says Citicorp spokeswoman Amy Dates. “We at Citicorp have gone through our own restructuring but have also gotten through it.” (People’s Magazine, 1993). You can say that the Trump Shuttle didn’t work out and the workers lost their jobs on the speculations of Donald Trump. As the Banks to ownership together with 20 Banks who salvaged the ownership of the company. That is a manifestation of how bad this deal was for Trump.

Trump-vodka

Trump Vodka ended with the bottum-up: 

Then we have his fallen throne with the alcoholic beverage Trump Vodka. Here is some on this: “Trump Vodka will be a major player in the vodka arena – it’s a superb product and it’s beautifully packaged,” boasted the teetotaling magnate. Cases of the Dutch-distilled, big-name booze were transported across a red carpet – behind velvet ropes – to a waiting delivery van. A Port Authority police escort accompanied the van to a warehouse in Long Island City, from where Trump Vodka will be distributed. It’s being advertised as “a vodka worthy of the Trump name” and will be sold in a “special gold crafted bottle” designed by graphic artist Milton Glaser, creator of the iconic “I [heart] NY” logo. Patrick Kenny of Drinks Americas Holdings Ltd., said all that matters is that his name is on the bottle. “It’s no secret that Donald Trump doesn’t drink,” he said. “But we’re in the super premium vodka market, and there’s nobody who markets better in the luxury category than Donald Trump” (…) “A one-liter bottle of Trump Vodka will sell for about $30” (Woodberry & Corky JR, 2006). A review of the dink: “The vodka, a five-times-distilled Dutch vodka by renowned distiller Jacques de Lat, is made from select European wheat. After distilling, the vodka is stored in stainless steel tanks for six months, run through a carbon filtration process twice, then a 9-column filtration process, and finally carbon filtered two more times. The vodka is then bottled in a sleek, tapered design from Bruni Glass, with label and packaging by the legendary graphic designer Milton Glaser. The result is what we’ve come to expect from anything branded with the Trump name. For all the attention to detail in the packaging and design, this is a vodka that doesn’t even make a good mixed drink. All of that filtration the vodka goes through has resulted in a spirit more akin to fuel treatment. The burn on the finish is intolerable – more “your mouth’s on fire” than “you’re fired” – with no discernable flavor from the wheat, and an oddly thin consistency for a spirit made from a heavy grain” (Sudo, 2007). In 2009 this happen to the company distributing the beverage: “J. Patrick Kenny, the Company’s CEO, stated, “We believe that this financing is very favorable for the Company especially in this challenging economic environment. The transaction will provide the Company with an immediate and near term cash infusion which will enhance our cash flow and enable us to continue to grow and expand our brands. Prominent in this growth is our imminent beer launch with Kid Rock, our growing Leyrat Cognac business, the continued growth of Trump Vodka and our rapidly growing Olfiant Vodka business, all of which this financing will help facilitate.” (Business Wire, 2009). Something is never seen or heard about since, the reports later said because of lack of interest for the beverage, the production of Trump Vodka went out in 2011. Though there are rumors that is still on sale in Israel as a Israeli Company got the license for in in 2010 from American Holdings Ltd and sell it for 15 years, as it the same year was sued from the Trump Organization, how the court case or beverage is; is not an easy task since there is so little precedence or evidence of actual production, as you can only buy from the early 2000s when the production of it was on Ebay, if you’re a fantastic fan of Trump and get a golden bottle.

Trump Old Newsweek

As I have showed he did not make money from scratch, he is not a self-made Millionaire or Billionaire! He inherent and gained early on the property market after his father’s rise in the business in New York; he did not come with Oliver Twist lifestyle and suddenly by pure genius gain an economic rise. That is somebody else who has done, not him.

Trump Quote

In the 1990s he went totally bankrupt; he was bailed out by big-government and luck of connection in banks as they gave him leverage on the property that could be profitable in the future. A possibility an ordinary person would never achieve or get. The rich also get better service and better treatment then the working-class. He was even at one point valued zero and having accumulated pure debt, while working with most of the banks to restructure his businesses. At this point there we’re none good deals, as he failed in the Air, later in beverage with his Vodka, also Casino’s that was not profitable in Atlantic City and his Scottish adventure that has not become what he promised Alex Salmond or the Aberdeenshire Council as they have lost both green energy source and a future potential tourism site; and a world-class golf course as he didn’t care for the locals, they just had to be happy that he could do as he please and his will was the best, and nothing else did matter. The same way he is discussing matter as a politician.

The Trentonian Trump Front Page

He tells the world he only make “Good Deals” then he must have a reactive memory, or a selective memory, this is not all of them, as this some of the big ones. And a reminder of the matter at hand; if he has plans of making America greater in this way then he will be a Machiavellian Lord who will do as he please without thinking consequence of the ordinary person or the effect of the policy/law. That should be stressed and thought about as the trickledown economics isn’t really a functional and the riches he gained wasn’t by rare luck, though he lived by the posh lifestyle by how he raised. He was raised rich and made himself even richer. There is a saying: “you need money to make money”. That is surely the tale of Mr. Trump. Not a good deal made his wealth, and if it wasn’t for the mercy of the state and the banks in 1990s he wouldn’t have been able to wealthy today. That is why he was positive to the Barrack Obama’s Stimulus Package to save the economy as it was similar to how his own businesses were saved. He could not hate something that saved his own skin. Even if he fear immigrants as his heritage is from Scottish roots and family coming from Europe back in the day. The irony is there and he is surely a strange clone in the elections in the United States. I have now on my page this described and showed something sinister of two candidates there, the first was Jeb Bush and now Donald Trump. I took the economic approach and not his human vision as it is ghastly and not worth spending my mind on or finding his terrible quotes as it is fear-mongering and not worth ink. This is enough for today. Peace.

Reference:

Bandler, Aaron – ‘One Newspaper Wanted To Report About Donald Trump’s Atlantic City Finances. So He Threatened Them’ (22.01.2016) link: http://www.dailywire.com/news/2827/one-newspaper-wanted-report-about-donald-trumps-aaron-bandler

Baxter, Graeme – ‘Open for business? An historical, comparative study of public access to information about two controversial coastal developments in North-east Scotland’ (01.03.2014) link: http://www.informationr.net/ir/19-1/paper603.html#.VrtmAFjhDI

Businessweek Archives – ‘The Donald’s Trump Card’ (22.03.1992) link: http://www.bloomberg.com/bw/stories/1992-03-22/the-donalds-trump-card

Businesswire – ‘Drinks Americas Closes Private Placement for Cash Infusion of Up to $3 Million’ (25.01.2009) link: http://www.businesswire.com/news/home/20090625005282/en/Drinks-Americas-Closes-Private-Placement-Cash-Infusion

Johnson, Brent – ‘Trump’s controversial time in A.C. under new scrutiny with presidential run’ (25.10.2015) link: http://www.nj.com/politics/index.ssf/2015/10/trumps_controversial_time_in_ac_under_new_scrutiny_with_presidential_run.html

Kunen, James S. – ‘Pop! Goes the Donald’ (09.07.1990) link: http://www.people.com/people/archive/article/0,,20118158,00.html

Hamilton, Martha M. – ‘USAIR REACHES ACCORD TO RUN TRUMP SHUTTLE’ (20.12.1991) link: https://www.washingtonpost.com/archive/business/1991/12/20/usair-reaches-accord-to-run-trump-shuttle/a5870bec-d890-422f-9e4a-02360de12599/

Lapham, Mike & Miller, Brian – ‘ECONOMY Exposing How Donald Trump Really Made His Fortune: Inheritance from Dad and the Government’s Protection Mostly Did the Trick’ (09.07.2012) link: http://www.alternet.org/story/156234/exposing_how_donald_trump_really_made_his_fortune%3A_inheritance_from_dad_and_the_government’s_protection_mostly_did_the_trick

Lee, Michelle Ye Hee – ‘Donald Trump’s false comments connecting Mexican immigrants and crime’ (08.07.2015) link: https://www.washingtonpost.com/news/fact-checker/wp/2015/07/08/donald-trumps-false-comments-connecting-mexican-immigrants-and-crime/

McQuade, Dan – ‘The Truth About the Rise and Fall of Donald Trump’s Atlantic City Empire (16.08.2015) Link: http://www.phillymag.com/news/2015/08/16/donald-trump-atlantic-city-empire/#M16Ri9meooifJh9z.99

People’s Magazine – ‘Out in the Cold’ (20.12.1993) link: http://www.people.com/people/archive/article/0,,20107064,00.html

Sabio, Osio – ‘This is why Donald Trump is not welcome in Scotland’ (18.12.2015) link: http://www.thecanary.co/2015/12/18/donald-trump-not-welcome-scotland/

Schmid, Stefan  – ‘Alex Salmond insists Scotland does not need Donald Trump’s investment’ (18.01.2016) link: http://www.thenational.scot/news/alex-salmond-insists-scotland-does-not-need-donald-trumps-investment.12500

Scottish Government – Directorate for Planning and Environmental Appeals: ‘Case reference: CIN/ABS/001

  • Site Address: land at Menie House, Balmedie, Aberdeenshire
  • Application APP/2006/4605 for outline planning permission dated 27 November 2006

called-in from Aberdeenshire Council by notice dated 4 December 2007.

  • The development proposed: Golf course and resort development
  • Date of inquiry: 10 June – 4 July 2008 ‘ (10.10.2008)

Sudo, Chuck – ‘A Classy New Vodka From A Man Lacking Class’ (22.01.2007) link: http://chicagoist.com/2007/01/22/a_classy_new_vodka_from_a_man_lacking_class_.php

Woodberry, Warren & Corky JR, Siemaszko – ‘I’M DONALD TRUMP, DRINK MY VODKA’ (07.10.2006) link: http://www.nydailynews.com/archives/news/donald-trump-drink-vodka-article-1.643186

Wulfhorst, Ellen – ‘First flights take off on Trump’s renamed Northeast shuttle’ (08.06.1989) link: http://www.upi.com/Archives/1989/06/08/First-flights-take-off-on-Trumps-renamed-Northeast-shuttle/6472613281600/

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