Thread by @TheRealHoarse

Trump left office with billions in debt he needed to refinance.

Even worse, many of his properties turn operating losses. They need inflows of new money to even stay in business.

All it would take to kill the Trump Org. is one domino: Deutsche Bank calling his loans.

1/

https://twitter.com/arimelber/status/1408477421431672839

Trump is leveraged to the hilt. His business is a house of cards built on debt he can’t afford to service.

One tiny push and he would suddenly have to hastily sell off assets in a fire sale… which would make all of his other loans suddenly even riskier to lenders.

2/

High-debt businesses reliant on constant access to credit can go down in flames surprisingly fast.

Happens with retail brands a lot. They eke by until it just implodes. Doesn’t matter how big the retail chain is. Once they are in a credit squeeze, it’s a steep spiral.

3/

Way back in the day when I used to write about Trump’s narcissism, I used to say that he was an orange Macbeth headed for a Shakespearean ending.

He would reach the throne - and it would be his undoing.

Great Birnam Wood would someday come to Dunsinane.

4/

He would be undone by having obtained the power he coveted.

He wouldn’t just lose the power; he’d be destroyed.

It would take much less than you might think to burn his entire business to the ground.

5/

I know we’ve all read a lot of empty karma porn these past five years.

I am as cynical and jaded about promises of his downfall as you are.

I won’t believe it until I see it.

6/

I am just saying, as a matter of simply how these things go regardless of who the person is, a business like Trump’s facing the problems his is facing can go down in flames really, really fast.

Creditors race to be first in line to get their money and it’s game over.

7/

People will say “Yeah, but people like Trump never really end up poor. They may lose their business but they’ll still be rich somehow.”

That’s often true but for Trump, the money isn’t really the thing. It is just a proxy.

His need is to be idolized and admired.

8/

Trump is a bucket without a bottom. He needs an endless supply of people’s esteem to keep him from being consumed by a bubbling hellfire of self-loathing.

A Trump shamed by losing everything would be in agony.

And you know who else is just like that?

9/

Ivanka.

Donnie Jr. and Eric are like dopier versions of Bernie Madoff’s sons. They’d be crushed by the destruction of the myth of the man they hate/worship.

Ivanka though… she’s like her dad. An empty bucket with no bottom.

Desperate for public admiration.

10/

I’m meandering here.

We’ve been teased with promises of an overdue comeuppance for 5 years.

I’ll believe it when I see it.

I’m just saying, it would take very little to start that spiral and it would consume the whole House of Trump not just his bank accounts.

Let’s hope.

//