‘FINANCIAL MINEFIELD’: Donald Trump dealing with huge cash issues

 ‘FINANCIAL MINEFIELD’: Donald Trump dealing with huge cash issues

Donald Trump has actually stepped straight from the premises of the White Home today into a “monetary minefield”.

Exacerbated by his incessant, baseless claims of election fraud and the violent siege on the US Capitol, carried out by the ex-president’s most “devoted” fans earlier this month, the circumstance “appears to be unlike anything he has dealt with because his earlier brushes with collapse”, The New York City Times’ Russ Buettner and Susanne Craig stated in a brand-new piece.

A bombshell report by the Times last September exposed the tax records he had long combated to keep covert, claiming the self-described billionaire had been paying a minuscule amount of income tax and has hundreds of millions of dollars in individual debts due within the next four years.

Much of his resorts were losing millions of dollars a year– even prior to the COVID-19 pandemic struck; he had “burned through” much of his money and easy-to-sell possessions and a decade-old IRS audit threatened to cost him more than $100 million to fix.

Last September, Forbes estimated that Mr Trump’s net worth had actually stopped by $600 million in a year to $2.5 billion.

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While in the previous the 74- year-old might pull himself out of comparable binds by counting on his mainstream marketability and television fame, the chaotic, last months of his presidency have actually worn down any of the charm or gravitas he as soon as held.

” Donald Trump will be kept in mind as the first president to be impeached twice,” Matthew Continetti, reporter fellow at the American Enterprise Institute, told the BBC

” He fed the myth that the election was taken, summoned his supporters to Washington to protest the accreditation of the Electoral College vote, informed them that only through strength might they take back their nation, and waited as they stormed the United States Capitol and interfered in the operation of constitutional federal government.

” When historians write about his presidency, they will do so through the lens of the riot.”

Had Mr Trump “followed the example of his predecessors and yielded power graciously and quietly, he would have been remembered as a disruptive but consequential populist leader”, Continetti said.

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But the “attack on democracy” that was January 6– when Mr Trump’s track record was already on a knife’s edge– saw hi

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Redak staff

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