Trump, bankruptcy, and The Art of the Deal
The next President is a vulture capitalist
Much has been made in blue party circles of Donald Trump’s record as a businessman, citing various corporations that he has led/fled into bankruptcy. As we have noted on many occasions, the principal weakness of blue party stalwarts and ideologues is their lack of understanding of economics and business.
Like Mitt Romney, Trump is a vulture capitalist, gutting corporations—selling off their assets—and robbing them of a means to maintain profitability. This can be quite lucrative for the vultures and has nothing to do with having a bad business sense. In fact, this and related strategies have been the modus operandi of Trump’s career, as documented in his first (ghostwritten) book, The Art of the Deal.
As President, Trump faces a great challenge regarding bankruptcy. According to some analysts, these United States of America were replaced by the US Corporation to facilitate the Anglo-Euro-American banking cartel’s hostile takeover of the operation. Between 1913, when the cartel bribed the Congress to create the privately owned Federal Reserve System (and began to issue its private currency, Federal Reserve Notes), and 1933, when the US Corporation demanded that its citizens hand over all readily liquidable gold to the corporate overseers, the US Corporation went bankrupt, as it owed the privately owned central bank (the Fed) an amount of principal and interest (i.e., liabilities that it had accumulated to operate) in excess of its revenues and assets (its ability to pay).
Ironically, Trump is now the titular CEO of a bankrupt corporation. Of course, this state of affairs could be ended by nationalizing the Fed and using it as a public utility. Since the Fed is unconstitutional (only Congress is ceded the power to create legal tender), so abolishing the so-called national debt would be part of this process.
In this way (as we wrote about in June 2018 (Transforming the U.S. and Global Economy), these United States of America would be freed from the banking cartel and could go about the business of becoming an actual democratic republic, as we detailed in this article from August 2014: Restoring Democracy
Many Trump supporters seem to think that he is a rogue candidate, operating outside the cartel’s influence. While this is highly unlikely, the ultimate litmus test is nationalizing the Fed. We shall see.
* * *
We hope that you find our blog of value. If so, please feel free to share our articles and encourage others to sign up for our mailing list. Our last published work, 7 Steps to Global Economic and Spiritual Transformation, Volume I, Access to Tools, is available here and here. Volume II, Application of Tools, is in the process of being published. An earlier version of this sequel, published in 2019, is online in four sections, beginning here.