Friday, August 07, 2020

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.



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Wednesday, March 20, 2019

March 20, 2019--Trump: How It Will End

On July 27, 2017, nearly twenty months ago, I posted a piece of informed 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 the Deutsche Bank in yesterday's New York Times, I would repost my piece because the paper of record forgot to include one thing--where the bank's money came from. 

About that, 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.

Then we'll see what happens in the streets. Progressives will demonstrate once or twice but use most of their energy appearing on and watching CNN and The News Hour.

Trump people (that hardcore 35 percent) will go crazy. They'll see this crucifixion of Trump (that will become their preferred point of reference) as part of the ongoing liberal conspiracy. Tune into late-night talk radio if you want a preview of that. It will make Benghazi look like a tea party. 



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Saturday, July 22, 2017

July 22, 2017--Imploding

No one should be surprised. Least of all Donald Trump. It has been clear for a half year or more where all this was 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 brand, 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 the public eye. Thus, even the parade of girlfriends and wives, as he aged and swelled up, 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 Deutsche Bank, loan sharks, and especially money laundries such as the Bank of Cyprus 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 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 another 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 it 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 too, 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.

Then we'll see what happens in the streets. Progressives will demonstrate once or twice but use most of their energy appearing on and watching CNN and "The NewsHour."

Trump people (that hardcore 35%) will go crazy. They'll see this crucifixion of Trump (that will become their preferred point of reference) as part of the ongoing liberal conspiracy. Tune into late-night talk radio if you want a preview of that. It will make Benghazi look like a tea party. Scratch that, a polite debate.

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Monday, March 06, 2017

March 6, 2017--Kool Aid

Anyone who thinks Barack Obama during the last months of his presidency had anything to do with bugging Donald Trump's Trump Tower email server is drinking the Kool Aid. This time with Steve Bannon, his Brietbart News, and talkshow lunatic Mark Levin pouring refills.

That Obama would commit a felony, literally a felony in support of Hillary Clinton's candidacy, when it was universally thought she had a commanding lead, is delusional. Starting with Trump who, dangerously, believes this stuff.

The explanation is a lot simpler--

The coverup being perpetrated by the current president and his flunkies is coming undone. Even poor attorney general Jeff Sessions sold his chief out, deciding on his own, without consulting Trump, to plead recusal when it comes to the Russian connection, basically abandoning the president to twist slowly in the wind as one piece of fabrication after another peels away, leaving Trump and his senior staff vulnerable to further exposure.

What happened is as follows--

As part of their routine monitoring of Russian electronic communications chatter, the NSA or CIA or FBI stumbled on conversations between the Russian ambassador and Trump operatives such as Michael Flynn and Paul Manafort, both of whom have longstanding ties to high-level Russians, have been on various Russian payrolls, and as a result are significantly compromised, including, as Flynn finally fessed up, engaged in perhaps illegal discussions before taking office about reducing the sanctions the Obama administration imposed on Russia in retaliation after they were caught red-handed (pun intended) hacking into Hillary Clinton's campaign.

Digging deeper, members of the intelligence community discovered other connections, including, in his own words, Donald Trump, Jr. boasting about all the Russian money "pouring into" various Trump projects. Minimally from black-money laundries such as Wilber Ross' Bank of Cyprus.

With this evidence in hand, including transcripts of these back-channel discussions, it was easy for the FBI (not Obama) to secure FISA-court approval to monitor further conversations between Trump campaign operatives, transition team staff, and various Russian spies. As a result, intelligence officials discovered that the campaign outreach to the Russians and more recently the coverup reached very high into the Trump organization.

So, in the aggregate thus far, we have flunkies such as Flynn and Manafort directly involved in encouraging the Russians to sabotage Clinton's campaign, minimally inappropriately talking with them about what the compromised Trump administration would do after taking office to "compensate" Russia for its help in the campaign, and now of course the massive coverup that likely reaches to Trump himself.

Then of course there is what is revealed in the infamous BuzzFeed dossier about Trump and his Russian capers.

This explains the towering rage Trump unleashed on his staff on Friday after Sessions recused himself without even talking with Trump about his intentions. He opted not to take a bullet for the boss and has as a result already outlived his usefulness. Expect him to be exiled and as the drip, drip, drip continues and various members of the Trump team to begin to peel away. I suspect that this will soon include Rex Tillerson who refuses to drink the Kool Air because he doesn't want the coda to his remarkable career to be that he went down with the Trump ship. And, yes, Watergate style, FBI director James Comey to be fired.

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