August 7, 2020--Deutsche Bank

On July 27, 2017 I posted a piece of speculation about Donald Trump's ultimate denouement. 

As with everything else having to do with him, it will be about the money.

I thought, with the blockbuster piece about Trump's relationship to Deutsche Bank in yesterday's New York Times, I would repost my piece because the paper of record forgot to include one important thing--where the bank's money came from.

Some this is dated but I think still rings true. It also suggests Trump may be one big step closer to an orange jumpsuit 

Here is what I wrote--

No one should be surprised. Least of all Donald Trump. It has been clear for a half year or more where all this is headed.

It's always been about the money.

The denouement will not be about Paul Manafort's money or Michael Flynn's or Jared Kushner's or Ivanka's money, nor even Don Junior's.

It will be about Donald Trump's money.

A good question--if he is so proud of his wealth how come he has refused to reveal his tax filings?

On the simplest level, he has resisted because he lies about how much money he has. He has a lot, about a billion or two, enough for most of us, but not the 5 to 10 billion he has long claimed.

Remember how Marco Rubio's crack during the primary debates about his small hands got under his skin? Well, this is the same sort of thing. Manhood. Size always mattered more to guys than to women.

But, he somehow managed to get elected and reluctantly moved to Washington and into the White House. Back in New York, in his Trump, Inc. operation, which was and still is a mom-and-pop business, he was used to being the only one whose ideas counted and he had no one ever pushing back on him when he went off and did something stupid. Like getting involved with gambling casinos in Atlantic City and Miss Universe pageants.

Over time, with the big boost The Apprentice gave to his image, he effectively became a brand. Selling his name and endorsement to the highest bidders, raking in the licensing money with little effort other than keeping his name and gold-foil life style in public view. Thus, even the parade of girlfriends and wives, as he aged and swelled, ones younger and younger, were a part of that charade.

Zeroing in--

When Trump needed to ante up money for a project or bail himself out of an impending bankruptcy, where do we think he turned for money? Citibank? Chase? Wells Fargo? Goldman Sachs? No chance.

We're talking chop shops like loan sharks, offshore money, and especially money from laundries such as Deutsche Bank, which until a few years ago was a favorite place for Russian kleptocrats to sanitize their dirty lucre.

In 2008, Trump Jr. on the record said that, "Russians make up a pretty disproportionate cross-section of a lot of our assets. We see a lot of money pouring in from Russia."

At least someone in his family is capable of letting the truth slip out.

Even a casual perusal of Trump's tax returns would reveal the sources of his money and income. Would it surprise anyone if we in this way discovered that he engaged in all sorts of shady deals and shenanigans with lots of money coming from Russia?

So when it finally dawned on Trump that special counsel Robert Mueller has the power to demand his tax and other financial documents, something Trump incredibly seems to have begun to pay attention to just this week, bells and whistles went off and that immediately became Trump's line in the sand--he told the New York Times he might fire Mueller if he pressed to scrutinize his or his family's finances.

We know for sure following the money trail is looming. It's Special Counsel 101.

And then, of course, Mueller would also see son Junior's and son-in-law Kushner's tax filings, which would make matters even worse.

What we'd be likely see is the inner financial machinations of a crime family.

Donald Junior is reported to be whining that he can't wait for this presidency to be over.

Well, he may soon get his wish. He may not have to wait an endless three-and-a-half years.

If Junior is unravelling as quickly as it appears, Trump's oldest son, feeling squeezed by the implosion, may follow in the footsteps of one of Bernie Madoff's sons. I can't bring myself to spell this out. If you don't remember the details, you're on your own to look them up.

So, here are the final steps. They will happen quickly because we have a talented and mobilized press corps. Much more so than during Watergate. Trump is getting back in kind for what he dished out to the "fake-news" press. I wouldn't have recommended messing with that sleeping giant.

I suspect he'll skip the firing-Mueller step and move right to the pardons. Sacking Mueller, assuming Trump has the power to do that, would bring down the wrath of not only Democrats (that would be predictable) but also rouse the up-to-now hypocritical Republicans who despise Trump but support his agenda, such as it is.

Thus, Trump has been asking about what pardon powers he has and boasting about it. They are constitutionally wide ranging. He'll pardon Flynn and Manafort, which should keep them from throwing Trump under the bus (elegant metaphor), and he'll pardon all his family members. Then, and he is looking into this as well, unlike Nixon who had his successor Jerry Ford pardon him, Trump will try to get away with pardoning himself.

This will go to the Supreme Court and, who knows, with Gorsuch recently nominated by Trump, he might prevail, 5-4. Remember Bush v Gore in 2000. Or then again, he may not.