Wednesday 28 February 2024

Trump is short of cash SHOCK!

Donald Trump can't pay the $450 million fine plus interest he is obliged to hand over as punishment for inflating the value of his properties and businesses. The billionaire simply doesn't have that sort of liquidity. It's a staggering admission and suddenly makes him look vulnerable and in real trouble. He has appealed against the huge penalty but to put a temporary halt on the financial crisis he is facing he has only managed to offer $100 million as surety. He has been told this is not enough. So now he may have to start selling off properties but obviously in the worst possible circumstances because any potential buyers will be able to screw him for a rock bottom price. And if a higher court fails to do what he wants which is to reduce the size of the penalty or cancel it altogether, he is going to have to find the cash pretty damned quick. This, more than anything, could begin to see the crumbling of the Trump empire and the repercussions of that could impact on his campaign to become president again. For Trump, money has always been the key to his persona as the all-powerful billionaire magnate who thinks he can rule the United States of America like a one-man TV show. The next few weeks will be crucial both for him and for his campaign. I suspect he will get a legal ruling in his favour but how long will he be able to delay paying a substantial part of the $450 million fine? Yes, this is Trump's most vulnerable moment.

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