Donald Trump for President
Will Trump Be President
The prospect of Donald Trump becoming President, for millions of people, could be a welcomed godsend. For millions of others, Donald Trump for President would be their worst nightmare come to life.
However no matter which camp you are in most would agree, that Donald Trump brings an interesting, if not entertaining dynamic to the U.S Presidential race that hasn’t been seen in a long time. Polarizing the country into almost tribalistic groupings, like never before.
Born in Queens, Donald J. Trump joined his father’s company early on in his career and had a vision for the Trump name. He envisioned the “Trump” brand as being synonymous with luxury worldwide.
To do this, in the mid-1970s, he went into real estate in Manhattan. Relying on the business connections and creditworthiness of his father, he borrowed a “small sum” of 1 million dollars to get started.
Trump’s Biggest Success
Trump’s top three business successes include:
- The Grand Hyatt, which he bought in 1976 and sold for $142 million in 1996.
- 40 Wall Street, Once the tallest building in the world, which he bought for $1 million and today as prime real estate in the financial district it’s worth more than $500 million.
- The Apprentice. As the T.V’s show’s host and executive producer, he raked in $1 million for each 185 episodes.
[See video below for overview of Donald Trump] source: VisualCaptialist
Trump’s Biggest Failures
Like many businessmen, Donald Trump’s career has also had his share of failures. His biggest failure may be his ill-fated venture into casinos in Atlantic City.
1. Atlantic City
In 1988, he acquired the Taj Mahal Casino. Funded primarily by junk bonds, the casino would be $3 billion in debt within a year. Trump, racked up $900 million in personal liabilities, had the business declare bankruptcy. To stay afloat he sold many personal assets,a 282-foot megayacht, his airline and half of his stake in the company.
Trump’s casino holding company would enter bankruptcy two more times: in 2004, after accruing $1.8 billion in debt, and in 2009, after missing a bond payment during the Financial Crisis. Each time, Trump’s stake in the company fell.
2. Other Businesses
While three of Trump’s four bankruptcies involved Atlantic City casinos, he has also struggled in other ventures outside of real estate: Trump airlines, Trump Vodka, Trump: The Game, Trump Magazine, Trump Steaks, and Trump University were all destined for failure. Trump Mortgages was launched in 2006 right before the real estate crash, and it also failed.
Trump’s Net Worth
According to Trump’s campaign, he is worth “in excess of TEN BILLION DOLLARS”. However, he has been accused of artificially inflating his net worth. Forbes and Bloomberg News both have drastically different estimates of his wealth at $4.5 billion and $2.9 billion respectively.
But whatever the truth, it’s still a lot of money, and he’s still a billionaire who made it through hard work and self-effort, something most politicians and ‘insiders’ can’t lay claim to. He’s been down, he’s been out, he’s been broke, but still he managed to come back.
“Success comes from failure and you should never measure a man by how many times he has failed. Rather by how often he has succeeded. Success alludes most of us so it is something to be respected, no matter our personal views of the individual involved”.
Will Trump Be President?
If I was to make a prediction, it would be that Trump will win, because he is an outsider and the people are awaking to the fact that the government is about looking after the insiders.
But whether Trump wins or not it’s not really going to matter because whatever happens in the Presidential election, the machinery of Government that controls just about every aspect of American life, will be still be calling the shots.
The American Government is supposed to be “by the people, for the people, and of the people” and it’s tempting to believe that everything that Government does is ultimately for the good and that they can be trusted to look out for its citizens.
After all, Hillary Clinton recently said, “The government is all of us.” But in truth, the Government is not all of us, it is only some of us, and those few, run the U.S. government who control the police, the armed forces, the financial industry, the medical industry, the education industry, and most of the major parts of the economy.
The U.S. Government comprises of some 22 million tax-funded employees who “govern” through thousands of federal, state, and local bureaucracies.
That’s more than the entire populations of Ireland, Switzerland, New Zealand, Cyprus, Estonia, Latvia, and Iceland combined. These 22 million unelected government employees will be “governing” before and after the election – regardless of who is elected President.
And you’ll continue to pay their salaries, regardless of how or if you voted. In other words, everybody’s personal choices and freedoms in America are subject to permission from a bureaucrat working for some political regime.
Love him or Hate him
Love or hate Trump, this election, (as with all elections), isn’t about any particular individual. It’s about the political system itself. It’s about the centralization of power.
The crazy thing isn’t that people have strong emotional convictions about Trump (one way or the other), or about any other power-seeker. It’s that the individual anointed as “president” literally has the power to end the world.
Now THAT is Power!
Centralization of Power
Politicians love the idea of centralization of power, the more centralized the power is the more monopolization of power they can achieve and as that power becomes entrenched, compulsion becomes institutionalized, and the wealth gap widens. Which is what many are seeing in America to-day.
In politics, power-seekers with the most money have the most say, no matter what political system operates. The golden rule of politics has always been, “Those who have the gold, rule.”
Who Has the Gold?
China reports holdings of 1,788 tons. But actual holdings are closer to 4,000 tons, based on reliable data from Hong Kong exports and Chinese mining.
Gold will be the new 21st-century weapon for financial wars.
The US and the Eurozone have been selling Gold. Russia and China have been buying. Russia has been acquiring over 200 tons per year.
China has $3.2 trillion in reserves, over half of which is denominated in U.S. dollars. They fear, rightly, that the U.S. will inflate its way out of its $19 trillion mountain of debt. China’s solution is to buy gold. If dollar inflation emerges, China’s Treasury holdings will devalue, but the dollar price of its gold will soar. A large gold reserve is a prudent diversification and that’s just what they have been doing.
A Con Game
The notion that politicians should be our protectors from the risks of the world in exchange for us paying them taxes is how they trick us into thinking we need them. Decentralization, not centralization is the way to independence and freedom.
Is the system corrupt? Depends on your perspective. The Government is working as designed. It’s set up for anything but change. Those in power want to remain and keep their power centralized and concentered.
For those who believe voting for a new president, matters. Know that despite how you vote or who wins, the machinery of Government will be still be calling the shots and that’s by design. Not because of how you choose to vote.
Politics is a Racket
Politics is about ‘divide then conquer’ Divide the citizens into sub-groups; blacks, gays, workers, men, women, unions, policial parties etc so will they fight to gain ‘special’, favors, regulations and appeasements. Which is why Politics is the biggest racket on earth.
If that strikes you as deeply wrong. Then embrace decentralization and freedom, not the political racket marketed to you as a ‘democracy‘. If people are to govern themselves, they need to be free to make their own decisions, not have others’ decisions imposed on them by the 197 political gangs that exist in the world.
Government Efforts to Suppress
There have always been efforts by governments to suppress and undermine the idea of decentralization. People who cherish the word democracy really owe their affections to decentralization and independence.
The ‘Founding Fathers’ were both lovers of independence and tax haters. They revolted against the British regime over being taxed from afar. There was no income tax at all under the “absolute Tyranny” of King George, but a 2-3% sales tax on certain goods made them throw down the gauntlet of rebellion.
Today the Founders would be branded “extremists” and locked up under the Patriot Act. So with the spirit of the Founder’s tax rebellion in mind, consider the irony that the government they established enforces invasive and widespread attacks on liberty and personal freedom that will continue no matter who wins the election.
The whole idea of the constitution was to limit the power of the federal government. The 10th Amendment made it clear: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
According to research and recent analysis released in December 2015, by the Pew Research Center, the majority of Americans no longer live in the middle class, due to decades of declining industry and erosion of the financial stability and family-wage jobs. The report defines middle-income households as an income between $42,000 and $125,000 per year.
With this shrinking of the middle class, falling incomes, social inequality has risen and people are increasing becoming disillusioned with Washington and this in part has fueled the rise of Donald Trump.
Britain Leaving the E.U
Although, the unexpected decision sent shockwaves across global financial markets and Britain’s currency, the pound, plunged to its lowest level since 1985. The fact that the British, have voted to leave the EU shouldn’t have been the surprise it was.
Just like in most of the world, British citizens have seen their standard of living slowly deteriorating for decades. Jobs have disappeared, economic stability is weak, small towns have languished and welfare checks have become the norm for many families. Most communities are fed up with cuts, fed up with economic dislocation and are feeling angry at the way they’ve been betrayed and marginalized by those in authority.
Who could blame them for wanting to try something, different? This is what makes Trump polarizing. He is that something different. And he could well be the unexpected President-elect that will also send shockwaves through the financial markets
Don’t Rely on The Government
It’s not the President or the Government that is going to save the economy.
It is the people who take their economic security into their own hands. People who want to make a difference in the world and who provide value and benefits to others. It will be the innovators, the entrepreneurs, the superheroes, that will bring about the economic salvation that the world desperately needs.
By pursuing their passions, their interests, their freedom and affections for decentralization and independence. These are the people who are the real benefactors to society. Whereas politicians are just liars and looters, pedaling promises and outrageous scams. Distorting the truth and clouding reality.
It is going to be people like you and me and if you are asking yourself what can you do? What skills do you have, how can you provide values and benefits to others?
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