Forbes Estimates Trump Could Owe $900 Million in Debt by End of Second Term
Weeks ago, a special report by The New York Times revealed that President Trump is in deep debt. But on Monday, Forbes reported that the magnitude of that debt could be double what was initially estimated. According to the story, if Trump is re-elected, he could have some $900 million in debt come due before the end of his second term.
The majority of that debt comes from his expansive network of property holdings across North America. In order for the President to free himself from his debt, he will have to sell-off much of his property. But making such big money deals during his presidency could set up one of the biggest conflicts of interest in White House history. Negotiating prices with the President, or offering to relieve him of his debts, could create a hurricane of ethics concerns.
Sources of Debt
Forbes reports the following properties as sources of Trump’s debt, and how much he is estimated to owe on each.
- 555 California Street in San Francisco: $162 million due in 2021
- Trump Tower in New York: $100 million due in 2022
- 1290 Avenue of the Americas in New York: $285 million due in 2022
- Trump National Doral in Miami: $125 million due in 2023
- Trump International Hotel in Washington, DC: $170 million due in 2024
- Trump International Hotel & Tower in Chicago: $45 million due in 2024
- Trump Plaza in New York: $13 million due in 2024
Will Trump Default?
Forbes suggests that a refinancing operation is already underway. Its goal is to decrease Trump’s debts and rid him of his many less-than-profitable properties. Still, it points to assets like the Trump International Hotel in DC, which was already suffering prior to the pandemic, when the Trump Organization tried and failed to sell it for $500 million. The Trump brand, as it turns out, has become far less appealing to many travelers since The Donald entered politics in 2016.
A similar case applies to the Trump National Doral in Miami, which has struggled to attract the Trump-averse northeasterners who often vacation in the area. Of course, the pandemic itself has thrown a wrench into the luxury hotel industry. With fewer people travelling altogether, Trump’s tourist ventures have been hurt by a double-whammy.
Still, there is a chance that Trump or his organization can reduce the debts, whether or not he wins re-election. But at what cost? According to the New York Times exposé that first revealed his massive debt, the most profitable part of the Trump empire in the last two decades has been his personal brand. The t-shirts, boardgames and DVD sales of The Apprentice have brought in more money than just about any other enterprise. But with his image permanently altered by his time as a divisive president, Trump may not be able to lean into his persona for huge riches. Should he pay off his debts, Trump would end up far poorer than he was even five years ago when he first launched his political career.
Reprinted with permission from https://werax.com/forbes-estimates-trump-could-owe-900-million-in-debt-by-end-of-second-term/
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Whistler Blowers, Insiders
(ii)..[ And look at the debtClocks : They are running and running faster in BLACK and in PLUS. Why???? This is the number, that the private commercial NGOs, called "governments", owe to their each trustee, that is, you, at the moment plus 83 thousand FIAT thalers. And they have no interest in giving them back the pledged and expropriated property as well as all privatized rights to everything, because that would be their total bankruptcy. So, in their so-called trade war, they are looking for a fool who will fire the first shot to initiate an "EMERGENCY" operation as “ Peace-Keeper”, that is, a Gladio False Flage operation, in order to delete these account amounts. They do this regularly every 70 years when the contracts have expired. A new financial system is needed: e-wallet. E-Commerce, E-BAR-CODED chipped PERSON, the THING their SERVI, SLAVE, ANIMAL. They call it the GlobalResetPlan2000. Also an event 2-O-1. Well? Does the entrepreneur and 33rd degree Scottish Riter really have so much "debt" ???? Bullshit. That's what they only want us to believe, in their private extended family commercial world under the UCC, in the war against everything that has to be privatized. privare: robbing stealing to be LORD over the 5 elements. Purely business, of course.”]
["Look, just look on that picture of an offer....what do you see???? in BLACK ? Numbers. Black Numbers. PLUS-Numbers, in black, NO Minus in front of the Number, which should be in RED if it would be a Debt. Only a Depp will believe, that this is a debt. Its not. 4sure.
Look just on the next slip, which imprint disappears after a while...but why?? So the PLUS-Value is disappearing and can not be claimed on your account. EVERYBODY, the natural Person is a trustee of EVRYTHING the JURISTIC PERSON, which is the debtor. AmEx commercial phrase: You are paying with your gooooood naaaammme !!! With every signature the System is trading that on the Stockmarket. As your Birth-Certificate, soon they will make TRILLIONS of FIATMoney in their MONKEYBancruptyCompany with the NewBOND, called Certificate of Vaccination ID No. A New Account at the Private Commercial DoT.in W-D.C. Uphs..ID2020. PatentNo. 6o6o6o6 by BILLS for the GATES to HELL. The ScotiaBankSlogan is : You are r i c h e r than you think, an the word r i c h e r is in g r e e n letters. But why? because the natural Person is the Trustee and on his account so older and success fuller he-she-it was and is, Billions of FIATThalers are filling up the personal account. With every shopping a PLUS !!!! with every TAX-offer, being accepted, a PLUS !!! It doesn’t matter what is being shopped, it is a PLUS on the personal account in the bankground…”] .
LOL, there will be no second term for Trump. Unfortunatly, Biden is cleaning his clock bigly in the polls. Bigly SAD!!
Why do you IDIOTS keep bringing up this stupid stuff? Trump is NOT running his business while in office. That would possibly result in conflicts of interest, so I think his son is in charge. Which is completely legal and proper…