“In 2017, [A Trump company] reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump”
Same thing happened with a Trump company in Vegas.
Accountants and finance people would know better than I but it seems
- Trump needed vast amounts of cash in 2016-2017 (as his Apprentice revenue dried up)
- He “laundered it in” as revenue. Meaning, he fashioned sudden, large payments to his shell companies and then...
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...promptly paid himself out of the “revenue”.
The questions that raises:
1) What was the real source of those large payments? From who and for what?
Claiming he had massive outstanding arrears owed just when he needed money... nah. Doubt it.
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2) Why wasn’t that revenue collected earlier?
Not plausible he amassed tens of millions in earned fees which he never got around to seeking payment for... until he was running for President.
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The NYT isn’t answering these questions directly but is revealing a pattern in 2016-2017 of Trump using an opaque labyrinth of businesses to take in unexplained large payments which he then withdrew immediately.
Smells April fresh. Someone is doing laundry.
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For perspective, Trump apparently has known bank accounts in only two other countries: UK and Ireland.
It isn’t like the guy has foreign accounts all over the place. He generally uses Western banks.
So, we have a Steele Dossier item alleging Trump paid bribes in China.
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And we now have an undisclosed bank account in China.
And, lastly, we have reporting from earlier this year about Trump trying to have the law which makes it illegal for U.S. businesses to break U.S. bribery laws even in other countries.
A lot of people are going to hate this and immediately reject it but hear me out.
The biggest mistake Democrats have made for years and years is being too nice.
We have cared far too much about politeness and decorum. We have treated a bloodsport like it was a bridge game.
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Since at least when Obama took office (but more like the past forty years), we on the left and our elected representatives have clung to a suicidal fiction that ‘going high’ would save us.
Subconsciously, it is pleasing, at least partially, because it is self-inflating.
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“We are better than that! We would never stoop to the lows of those people!”
While the right endlessly works to personally destroy people on the left, we’ve clung to the mantra of “attacking ideas not people” as if it was a bible verse.
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