Buying the US Presidency
Keith Smith
MD, The Advertist new biz expert, Director SuperTalent Creative, podcast host | Linktree - keithjsmith
He's a lot smarter than you might think he is.
This newsletter is for my English friends, who might be confused as to what's going on over in the USA politically right now.
The Republican candidate for the US Presidency, and defacto leader of the Republican party, Donald Trump is facing record costs and financial liabilities, owing to the mountain of litigation he's facing.
From civil rape charges (that term feels like an oxymoron, but he managed to use a loophole to have it dismissed as a Federal crime), to fraud against the New York State for his company valuation shell game, and for stealing classified documents.
This little lot amounts to a minimum of $500,000,000 in fines and counting.
There's a lot of zeros in half a billion.
This doesn't include the fines coming up soon for the hush money payments case against him for using campaign finances to silence a porn actress he slept with around the time his son Barron was born, or the small case of trying to overturn democracy by instigating a failed coup.
But if Trump is known for one thing, it's using other people's money to make himself wealthy.
So how is he going to pay for it all?
Delay, delay, delay.
Everything is predicated on his hope that he can become President. So the first thing he's going to do is stall everything for as long as possible under the guise of a "all these law suits are a deliberate attempt to derail my Presidential campaign" excuse.
If he can delay as much of it as he can until he can make it back to the White House, he'll be able to pardon himself. He famously said that he'd only be a Dictator on day one of his new Presidency; giving himself a total pardon would be part of that, alongside killing, locking up or burying in litigation, his main rivals.
But that's another story you can read all about in his 2025 Manifesto blueprint for a new America, which I like to call Mein Trumpf.
Sell his assets
Well that's not going to happen. If there's one person he so badly needs the approval of, it's dead Fred. His father who taught him everything he knows about the art of the grift. With that knowledge, Trump managed to build up a huge empire of property, based on crooked financial deals in the 70s, 80's and 90s.
But Fred Trump would be spinning in his lava if young Donald sold off so much as a hotel awning to help pay for his debts.
Besides, once sold, he'd never be able to re-purchase them because he couldn't raise the money.
Also, selling off your property portfolio this way would be considered a fire sale, so he'd be getting rock-bottom dollar value for everything.
So, no. Selling property is off the table.
Like when I play Monopoly against my wife; she never sells acquired property either, but as good as she is, she doesn't have the third option open to Trump.
Selling Democracy
Trump has a third way to raise every bit of the money he owes (and then some) through his X-a-like Truth Social.
You may recall that Donald helped create Truth Social because the platform formerly known as Twitter banned him for lying and promoting white supremacy.
Oh, and inciting an insurrection.
So him and his buddies, took the mechanics of Twitter and made them Truths, not Tweets. They basically took everything that made Twitter great and turned it into a right-wing ball-pit.
No-one I know uses it, and it seems to be the hang out of MAGA devotees and inquisitive journalists.
The problem with Truth social is that, while X has 528.3 million users, Truth social has 2.
Plus an estimated 3 million bots.
With an audience of one.
It's also $10 million in debt right now.
But don't worry everyone because here comes a SPAC with $1.3bn cash.
A what?
A Spac. A Special Purpose Acquisition Company, a special purpose investment vehicle (SPIV ??) which is set up solely for the purpose of buying something.
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People invest money into a funded company (The SPAC) which intends to make one or a series of acquisitions on the quiet.
The ownership of the SPAC is difficult to know and where its money comes from is even harder.
Also, if you can find a few hundred thousand mugs to also put up some cash - or ahem, "invest", then all well and good. But remember, investments can go down as well as up.
Mostly down in this case.
Investors like the failed candidates from Trump's TV show The Apprentice.
Meet Will Wilkerson and Andy Litinsky.
These two chumps did all the donkey work to create and launch Truth social, got allocated a bunch of shares, financed its breech birth and then got fired.
But they are still shareholders, and this is where it gets real interesting..
This SPAC is backed by money from who knows where; let's imagine for a moment that it includes Russian money, or maybe Saudi Money. Trump wouldn't do a deal with anyone backed by dirty Russian or Middle-Eastern money, right?
Wrong.
That's exactly what he would - and will, do.
And it must be dodgy money because who else would invest in a withering, overvalued, social media cesspool of marginalized haters?
If past behaviour is any predictor of future behaviour, then in order to clear his debts, save his property portfolio and claim back the White House to pardon himself from all crimes, then of course Trump will do a deal with the devil.
The two shareholders/founders Litinsky and Wilkerson are suing Trump because this massive cash injection of $1.3bn would dilute the value of their shares.
But even in the worst case scenario, Trump could pay them double what their shares are worth and still have about $2.5bn to clear his debts.
More than enough.
And then if he can delay the federal and state legal cases against him and become Commander in Chief again, he'll pardon himself.
But who will be calling the shots?
Who stands to benefit from a new type of US leadership?
In the words of Trump...
A leadership, the likes of which no-one has ever seen before.
That 2025 Mein Trumpf manifesto document outlines a root-and-branch overhaul of the US democratic system.
It also allows for a total review of the US role in NATO and its 'special friendships'.
There is every chance that America would become allied with Russia.
Ironic, considering the right wing slight against democrats is "communist!" because that's where we're heading.
If Donald Trump becomes the 47th US President, Joe Biden will be the last democratically elected President, because all we will be able to look forward to is a heterotopia of hugely wealthy elites and a massively poor, enslaved population.
So there's that.
The fate of the United Kingdom and Europe will also be up for grabs, so expect a surge in neo-facist leadership coming to a country near you soon.
Because Donald Trump is a lot smarter than you think he is.
And more compromised than you realise.
Great article Keith very well written. One must not forget all the facilitators, enablers, toadies and expediters that make all this possible for Trump. Mark Robinson springs to mind, I wonder why he is standing for Governor in North Carolina? Trump does have to pay up in the New York judgment by the end of this month so the bailiffs could be calling at Trump Tower soon to start seizing assets! The US is on the precipice lets hope all good people turn out to vote and prevent a crypto fascist takeover. a good podcaster to follow: Brian Taylor Cohen https://youtube.com/playlist?list=PLOMpnzRkbFsj8QbCNF8BxokvhQIgykS6R&si=pWg1CnuXlMBV_DGX https://youtube.com/playlist?list=PLOMpnzRkbFsi2yOiCKDN3fYgOzvrvfZm4&si=S6QqUQ8DCcYBVNRx Our problem in the UK is the endemic corruption that the Conservative Party has brought to government in the last 14 years.
Business Development Director / CCO / CGO for creative agencies & complex b2b businesses. Managing Director The Hand Consulting - leading new business and business development agency UK & Global
1 年Yeah, this is terrifying Keith. People quite like to ignore the real threat and go for the comic switch off raised eyebrows with Trump, but democratic peril (democracy under threat) in the USA means democracy under threat in the UK and Europe.