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the art of the deal

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    Despite his many failures, Trump (and many of his supporters) still think that he is a successful businessman.

    Another successful deal maker came into my head this morning, so I put down a few thoughts about him "on paper" . At the end of the story, though, you'll notice that Trump has been EXTREMELY successful at one thing - but you'll have to read the article posted below to discover what it is:

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    If a person who is running a company or corporation, (4 of them) and files bankruptcy on those, that's not a successful business person, IMO. Trump, (without reading that article) is without a doubt a scammer, a bullshitter and con artist. He scams people, and he scams the government. It's about as simple as that.
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    As of May, 2019, Trump's Doral resort in Miami, previously the most money-making property in the Trump Organization, had seen its net operating income decline by 69 percent from 2015 to 2017, or from $13.8 million to $4.3 million. The resort in Miami is not his only property that is losing money.

    His golf course in Scotland is hemorrhaging money as well, but is being kept afloat by the Air Force, which refuels at a nearby airport. The Trump Tower in New York has been wracked by financial woes over the last two years. The occupancy rate in the building had fallen from 99% to 83%, and the majority of condos in the building had sold at a loss.

    "No one wants in that building," Michael Sklar, a former Trump Tower condo owner, told Bloomberg.

    Another big surprise, though, is the Trump Tower in Chicago. From 2015 to 2018, profits at the location fell 89%, from $16.7 million to $1.8 million, according to documents filed in Cook County, Illinois.

    The decade of the 1980's were also a tough time for "the stable genius" since he managed to lose over $1 billion from 1985 to 1994. Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.

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    I would expect that if accountants could take a hard look at Trump's books, he would be declared insolvent, that is he is unable to pay debts as they come due. And those debts likely include loans from his Russian oligarch and Saudi Arabian lenders.

    The fact that his one profitable piece of real estate, the Washington D.C. Trump International Hotel, is up for sale suggest that Trump needs cash to pay debts. Why else would he sell?

    Just guessing...

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    Michael Bloomberg called it best, Trump is a con artist. Sometime, we all don't know when, Trump's tax documents will be made public, then we can all have a good laugh, for the ones on the receiving end, it'll be a good cry.