#Trump Ice

[galerymod]

A myth (more rarely mythus, obsolete mythe, plural myths, from ancient Greek μῦθος, "sound, word, speech, tale, legendary story, tale", Latin mythus) is in its original meaning a narrative. In religious myths, the existence of humans is linked to the world of gods or spirits.

Myths claim validity for the truth they assert. This claim to truth has been criticised since the Greek Enlightenment by the pre-Socratics (e.g. Xenophanes, around 500 BC). For the Sophists, myth stands in contrast to logos, which attempts to justify the truth of its assertions through rational evidence.

In a broader sense, myth also refers to people, things or events of high symbolic significance or simply a false idea or lie*.

For example, the adjective "mythical" is often used in colloquial language as a synonym for "fabulous-vague, fabulous or legendary".

Wikipedia

How can it be that a man who describes himself in public as a successful businessman worth billions cannot pay a financial penalty and that someone wants to vouch for him?

Trump can't pay 450 million dollars

In February, former US President Trump was fined 450 million dollars in New York for fraud. Now his lawyers have announced: Trump cannot pay. According to his lawyers, former US President Donald Trump is currently unable to guarantee payment of a fine of more than 450 million dollars from a fraud trial. Despite great efforts and negotiations with around 30 companies, it has not yet been possible to obtain such a guarantee, according to a letter from his legal team to the competent court in New York. Several US media outlets unanimously quote from the letter, arguing that it would be "practically impossible" to make the payment on time.

Trump has received a refusal from 30 bail companies, according to a letter from his lawyers to an appeals court on Monday. Many would not provide collateral in excess of 100 million dollars and would not accept real estate as collateral.

Forbes magazine estimates the property entrepreneur's total assets at 2.6 billion dollars. Trump recently stated that his cash assets totalled around 400 million dollars.

"I thought he was a billionaire? Is he lying to the public or the court?" Law professor Andrew Weissmann poses the question of questions on X in relation to Donald Trump's liquidity: How much is there to the image of the self-made billionaire?

How much money does Trump himself have?

Last year, Trump testified in court that he had a cash fortune of around 400 million US dollars. The latest legal documents indicate that he does not have anywhere near that amount of money at his disposal, Professor of Business Law Will Thomas from the University of Michigan. However, he and the Trump Organisation would have significantly more assets at their disposal. His largest asset holdings are tied up in property. If Trump is unable to pay in other ways, he could be forced to sell some of his properties, according to Professor Thomas. His lawyers want to prevent this and warn that Trump would have no way of buying them back if he is successful with his appeal.

Where could the money come from?

Without liquid funds, there are two options for Trump to prevent enforcement for the time being.

Guarantees: A guarantee would probably be the only solution for him. This would allow him not to have to sell anything for the time being. At the same time, guarantors require collateral and often only accept cash or shares in return - not property. Trump also needs to find someone who is prepared to guarantee an enormous sum of over 550 million dollars.

Donations or campaign funds: He is also receiving support from private sources, but the sums are nowhere near enough. Trump supporters are collecting money for him on the internet, with over a million private donations having been collected so far.

Again and again, it is also about money from Trump's election campaign. Federal law prohibits Trump from using campaign funds for personal purposes. However, it is legally unclear to what extent campaign money from political action committees (PACs) and funds from the Republican National Committee (RNC) fall under this. But even these funds would be far from sufficient.

If he loses the aura of the successful billionaire self-made businessman, he also loses his aura of success.

mod

This kind of legal action would not only be a serious blow to Trump's finances, but also to his image, as he always praises himself as a brilliant businessman.

The biggest bankruptcies* of Donald Trump

It was always visible to everyone, but as long as you can keep generating capital, the myth can be maintained

Trump Ice

In 1995, Donald Trump founded the Trump Ice Natural Spring Water brand (Trump Ice for short) - his own brand of bottled drinking water. However, the sales figures were not particularly good. After missed payments to the producer and a lawsuit against Trump Ice in this connection, production was discontinued. Today, only bottles with collector's value are sold on eBay and the like.

Trump Steaks

Donald Trump founded his own steak company in 2007. The company was to be dedicated exclusively to selling his favourite food and running a steakhouse in Las Vegas. The prices for the steaks varied between 199 and 999 US dollars. Despite such bargain prices, the company had to close in the same year. The steakhouse was shut down after the health department found 51 health code violations.

Trump University

In 2005, Donald Trump opened "Trump University" - a distance learning university specialising in the real estate industry that was not officially recognised as a university. Enrolment cost up to 35,000 US dollars, but many of the course instructors, who were allegedly selected by Donald Trump himself, often did not have the appropriate qualifications. The school had to be closed down for good in 2011. Thousands of students filed a lawsuit against the former US president, who relented in 2017 and offered a settlement despite his supposed innocence. This was confirmed by the US Court of Appeal in 2018 and secured compensation of USD 25 million for the more than 4,000 ex-students.

New Jersey Generals

In 1984, Donald Trump bought his own football team, the New Jersey Generals. However, they did not play in the famous National Football League, the NFL, but in the smaller offshoot, the United States Football League (USFL). Just one year later, the team was bankrupt and the entire United States Football League with it. Trump had tried with all his might to bring about a merger of the UFSL with the NFL. This prevented Donald Trump from taking over a team in the NFL.

Trump Vodka

According to Donald Trump himself, he does not drink alcohol. However, this did not stop him from launching his own premium vodka on the market in 2005. However, production was discontinued in 2011.

Trump Magazine

Donald Trump made several attempts to land a hit in the luxury magazine segment. After two failed attempts, he launched the quarterly "Trump Magazine" in 2007, which covered topics such as yachts and other toys for the rich. However, the magazine was cancelled in 2009.

Gotrump

In 2006, Donald Trump ventured into a search engine for luxury travel. It included private jets, tickets for exclusive events and supposedly personal recommendations and travel tips from Donald Trump. However, it was shut down again after just one year due to poor reviews.

Trump: The Game

Trump tried twice to establish himself on the board game market with the board game "Trump: The Game", but failed twice. The game is, of course, about money. The game first came onto the market in 1989, but was discontinued shortly after its release. In 2005, he tried a new edition in collaboration with Parker Brothers, but this version also failed.

Trump Shuttle

In 1989, Trump bought his own airline, "Trump Shuttle". The airline was to fly business people back and forth between New York, Boston and Washington. The interior of the Boeing 727 was elegantly furnished with maple panelling and chrome seat belt buckles, and gold fittings were installed in the toilets. However, the luxury was too expensive for the passengers. Three years later, the over-indebted company was sold to US Airways.

Trump Entertainment Resorts

With the company "Trump Entertainment Resorts", Donald Trump operated several casinos in the gambling metropolis of Atlantic City, including: Trump Taj Mahal, Trump Plaza and Trump Marina. All were closed between 1999 and 2016, and the company filed for bankruptcy three times between 2004 and 2014. In 2014, debts are said to have totalled around 1.8 billion US dollars. Trump himself withdrew completely from the company in 2016 and sold his shares to billionaire Carl Icahn.

Trump Mortgage

In April 2006, Donald Trump announced the founding of his own mortgage bank, Trump Mortgage, at a press conference. He predicted a rosy future for his endeavour and that the bank would soon become the largest lender for home loans in the USA. However, as with "Trump Magazine", the timing was not exactly fortunate. Just one year later, the former US president's mortgage bank had to file for insolvency.

[mysharona1987]

[animentality]

[hussyknee]

Libs are like, "YOU CAN'T LET TRUMP WIN JUST BECAUSE BIDEN IS COMMITTING A GENOCIDE! THIS IS NOT THE TIME FOR SINGLE-ISSUE VOTERS", when the fact is that people are already really fucking angry at him for funding two wars during a severe cost of living crisis. Biden's pet dog has already gotten Israel and the US embroiled in a steadily escalating conflict with Houthis and Hezbollah in Syria and Lebanon, and now Netanyahu is trying to ethnically cleanse two million Gazans by pushing them out of the country into Egypt, one of the countries the US gives billions of aid money to make nice with Israel and help them trap the Palestinians. Egypt is already mad about this (although Idk what they expected lol) and if Israel creates a border conflict with them, Iran might press their advantage and then the whole region descend into an all-out war in which the US is embroiled. At which point oil prices will jump, the US economy get even worse, more tax money funnelled into TWO wars, one of which is due to the genocide.

People might not care about Muslims living thousands of miles away, but they have some very strong opinions about putting food on the table. At this point there's a pretty significant shift in the Black community towards Trump because Biden has INCREASED funding for police, is supporting Cop City that someone DIED protesting, and hasn't made a dent in mass incarceration (the marijuana pardon was fucking hilarious in a depraved way). The right has also been weaponizing Black people's resentment against Latino "illegal aliens" and Biden's "concessions" towards them, when actually his immigration policies have barely been less draconian than Trump's all this time. The reason he's making those concessions is that he has to look more progressive than him, except he's also been slowly escalating ICE crackdowns, keeping kids in cages and building a border wall. So the Latin voters are entirely fed up with him too.

So far, he's lost the Muslim vote, the Latin vote, the Black vote, the youth vote (people of ages 18 to 35 are the most outraged at the genocide in Gaza), and they're hemorrhaging the working class votes. These are the extremely angry and betrayed people the liberals are currently working overtime screaming at about Trump "bringing the death of democracy", like democracy means anything to them compared to losing jobs, money, visas, family members, health (Biden's first and ongoing genocide is disabled people due to his COVID policies), social infrastructure and money.

Y'all said Blue Not Matter Who and elected a career racist and known incompetent who supported segregation, was an architect of mass incarceration, got Clarence Thomas elected to the Supreme Court and spewed rhetoric against Arabs so genocidal that motherfucking Menachem Begin was like "....bro." And you got exactly what you paid for. If Trump gets on the ticket next year he's going to win, and no amount of screaming at people online is going to change that. So I suggest you start organising now. The age of trying to create a revolution at the ballot box is over.

[snowprincesa2]

Trumpnyra after surviving one horribly executed assassination attempt 🇺🇸🦅

[weaselle]

how did this happen. this is bad.

this is now i have to buy a gun and be prepared for a literal civil war bad.

the next four years are going to be so bad we might not wind up with a whole country at the end of it. There is going to be so much more violence and oppression and militarized bigotry.

anyone who voted for trump or withheld their vote or voted third party is dead to me.

[fancyharmonypeace]

🥰

[notsobeautifuldisaester]

I can't believe the biggest source bringing attention to the "Non profit killer" bill was an ice cream brand

[xinilia]

lemme just say that yunho's main role in this mv being playing tennis and torturing an old white dude is very fitting

[mysharona1987]

[thescarletgoat]

Awwwww look he misses his boyfriend

[illegalpeople]

One of the most insidious lies of both major political parties is that there's any difference between the two parties.

Hopes for a just immigration policy from Democrats - from Clinton to Obama, to Biden, and now Harris - have all been unfounded. Construction of a border wall was started under Bill Clinton. Obama deported more people than any other previous president in history then passed the Dream Act at the end of his term by executive order. Pretending he had no choice, Biden continues construction of "Trump's" border wall. If elected, Harris will continue to build that border wall - wasting those billions of dollars, stealing more citizens' property, and causing environmental destruction.

We are ruled with a duopoly and they win our support with mutual lies and theatrics.

[time4hemp]

The numbers tell the story - and it is a grim one at that. Please share this.

[ilikestuffthatsparkles]

I am delivering an interesting prompt for art. I trust you, we shall be together.

@barron-kun