I think it's even ridiculous that we have to rely on "good" billionaires to somehow beat the "bad" billionaires. How is this any better than wars of succession between rival claims to the monarchy? How is this a "stable" situation? Theoretically it's supposed to be voters deciding on the best candidate.
Bukele had a really powerful insight in that in the end, power will rest in either a monarch or merchants. In our case, we're at the mercy of billionaires and bankers.
IMO, elected monarchy is the best and most stable political system as far as history is concerned. Republics are simply too vulnerable to outside forces because they can easily be coopted by secret societies and the rich. That's why freemasons were busy overthrowing the old monarchies and installing Democratic Republics so that they could rule via money. The rewards for being in control of the Republic are far too great for even the most virtuous to resist being corrupted by.
One could argue that power wasn't dispersed throughout the population as it grew. With the advent of the computer and block chain technology, it should be possible to develop a system that can't be corrupted that does this. Of course we'll have to revisit who is allowed to exercise the right to vote, etc., as it should require "skin in the game" instead of everyone who is breathing over 18. We should vastly increase the number of representatives and senators so that special interest groups have a more difficult time co-opting them. Also ban lobbyists, etc. I'm certain it can be done but someone a lot smarter than myself is going to have to figure it out.
There are always improvements that can be made to the system, but I think the end result is inevitable: democracies and republics inevitably end up being controlled by the very rich. Think Roman Republic and the first Triumvirate. This is nothing new, the American system is a vast improvement on the Roman one and the outcome is the same. It kinda starts to sound like "well that wasn't real communism."
An interesting question is this: IF Trump’s real estate was so much overvalued (meaning: the court believes it’s worth way, way less) then why the penalty is so ridiculously high (in comparison to the “real” low value)?
If the “real” value is $20m then the penalty should be $10m or $5m.
I think Trump should just default and wait for the appeal.
Basically, because the amount of the loans Trump had was so high.
One loan, the one for the Doral golf course was 125 million. 1% is 1.25 million
In the ruling the witness for state said he saved 8% per year. That's 10 million.
This is the language from the ruling.
In 2020 the Doral loan was $125,000,000. Applying the non-recourse rate of 10% (or .01) results in an interest payment of $12,500,000. Applying the
recourse rate of 1.9348% (or .019348) results in an interest payment of
$2,418,500. Subtracting the latter from the former yields a saving of $10,081,500, as seen on PX330
McCarty calculated the differences between interest rates and determined the following ill-gotten interest savings, which this Court hereby adopts as the most reasonable approximation of the ill-
gotten interest rate savings upon which evidence was presented at trial:
$72,908,308 from 2014-2022 on the Doral loan;
$53,423,209 from 2015-2022 on the Old Post Office loan;
$17,443,359 from 2014-2022 on the Chicago loan; and
$24,265,291 from 2015-2022 on the 40 Wall Street loan.
This was indeed about campaign finances. You may not want people to know that.
I just read something that Ken Griffin who gave like 60 million in the 2022 political cycle has yet to donate the Trump. He's focusing only on congressional races and had been a Haley contributor.
When a candidate drops out of the race, it's common for consolidation of donors and support and teams to start happening people all working for the nominee. And with super Tuesday behind us that's where we're at
They're talking about the world's trillionaires. They hide it, but they are the world's richest. To find them, look at who owns the banks that own the central banks. There you'll find names like Rothschild, Rockefeller, Morgan, and Warburg.
Of course if he does take out a loan and repay it, he'll be hauled into a NYC court and found guilty of fraud, so that hardly helps him. Elon is a better solution.
Two men of great wealth using it to save the world.
Hah. Now we know why it was in beta testing for so long, and went back into it after the flop.
I think it's even ridiculous that we have to rely on "good" billionaires to somehow beat the "bad" billionaires. How is this any better than wars of succession between rival claims to the monarchy? How is this a "stable" situation? Theoretically it's supposed to be voters deciding on the best candidate.
Bukele had a really powerful insight in that in the end, power will rest in either a monarch or merchants. In our case, we're at the mercy of billionaires and bankers.
IMO, elected monarchy is the best and most stable political system as far as history is concerned. Republics are simply too vulnerable to outside forces because they can easily be coopted by secret societies and the rich. That's why freemasons were busy overthrowing the old monarchies and installing Democratic Republics so that they could rule via money. The rewards for being in control of the Republic are far too great for even the most virtuous to resist being corrupted by.
It's a movie?!
You mean like Britain? Keke
no, like Venice or the Holy Roman Empire
Don’t know about Venice but a lot of people became lion food in Rome.
One could argue that power wasn't dispersed throughout the population as it grew. With the advent of the computer and block chain technology, it should be possible to develop a system that can't be corrupted that does this. Of course we'll have to revisit who is allowed to exercise the right to vote, etc., as it should require "skin in the game" instead of everyone who is breathing over 18. We should vastly increase the number of representatives and senators so that special interest groups have a more difficult time co-opting them. Also ban lobbyists, etc. I'm certain it can be done but someone a lot smarter than myself is going to have to figure it out.
There are always improvements that can be made to the system, but I think the end result is inevitable: democracies and republics inevitably end up being controlled by the very rich. Think Roman Republic and the first Triumvirate. This is nothing new, the American system is a vast improvement on the Roman one and the outcome is the same. It kinda starts to sound like "well that wasn't real communism."
"that wasn't real democracy"
"we coulda designed a better constitution"
c'mon
and an unbiased military secures that the elections are honest?
I hopeTrump can break NY in a lawsuit.
Violation of his 8th Amendment rights,
“excessive fines”
ELON and TRUMP what a team
I've been saying this for days. No one listens.
You and me both. Liberal heads will explode if Elon covers Trump’s bond. Must buy more popcorn.
An interesting question is this: IF Trump’s real estate was so much overvalued (meaning: the court believes it’s worth way, way less) then why the penalty is so ridiculously high (in comparison to the “real” low value)?
If the “real” value is $20m then the penalty should be $10m or $5m.
I think Trump should just default and wait for the appeal.
If he defaults, the government will seize his NY assets.
Basically, because the amount of the loans Trump had was so high.
One loan, the one for the Doral golf course was 125 million. 1% is 1.25 million In the ruling the witness for state said he saved 8% per year. That's 10 million.
This is the language from the ruling.
Will the victims be compensated and made whole?
mere pocket change for the second richest man on earth as of yesterday
He might have to sell some stock to have that much liquidity, but he has it.
WOAH!
Why is he claiming this was a well publicized meeting?
We didn't hear about it until after it happened.
For security purposes, for all involved?
Probably for a lot of reasons.
Tactical and otherwise..... IF
This was indeed about campaign finances. You may not want people to know that.
I just read something that Ken Griffin who gave like 60 million in the 2022 political cycle has yet to donate the Trump. He's focusing only on congressional races and had been a Haley contributor.
When a candidate drops out of the race, it's common for consolidation of donors and support and teams to start happening people all working for the nominee. And with super Tuesday behind us that's where we're at
I wonder if we will learn how the bond is paid for.
Alina Habba just asked the judge for three more days in the first case
.of course he will.
So is it safe to say that Elon Musk is more financially secure than Trump?
Um, why would you ask that?
Elon is like the 2nd richest person in the world.
Only amongst people whose existence is acknowledged..
I miss your meaning
There are some very wealthy people who the masses aren't allowed to know about, or who are only referred to on the fringes.
People we don't know are wealthy.
Or people we don't know they exist?
They're talking about the world's trillionaires. They hide it, but they are the world's richest. To find them, look at who owns the banks that own the central banks. There you'll find names like Rothschild, Rockefeller, Morgan, and Warburg.
Vanderbilt
https://m.youtube.com/watch?v=8xHgSx7EN9w
This guy gets it
I recall that Trump can’t take out a loan for the bond using his assets as collateral where as Musk can do whatever he wants and put the bond up.
The judge stayed that portion of the judgment. He can seek loans.
I did a post on what Trump has been saying in court documents about his money situation.
https://greatawakening.win/p/17shvunQoS/trump-on-court-cases-i-dont-worr/
Wouldn't it be hilarious if he used Maralago as security for loans from the same banks he was accused of defrauding?
Never, I think that is US govt in exile & must remain without liens
Of course if he does take out a loan and repay it, he'll be hauled into a NYC court and found guilty of fraud, so that hardly helps him. Elon is a better solution.