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Joined 3 months ago
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Cake day: July 12th, 2024

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  • So most billionaires have most of their wealth in stuff like stocks. They can theoretically sell the stocks to turn them into money, and then buy things, but they have so much stock and the things they want to buy are worth so much money that it’s easier and cheaper just to get a loan and spend that instead.

    The thing is, Trump has been abusing creditors for his entire long life. Most banks like most billionaires because they make their payments on time, but Trump has not paid many, many people in his life, so much so that most major banks no longer do business with him, and haven’t since the 80s.

    This is when Trump got involved with the Russian mob. They were willing to extend credit to him when no one else was, hypothetically because he was part of their money laundering operation. Regardless, Trump’s access to liquid wealth contracted over this period, and by the 2010s people were speculating that he wasn’t even a billionaire anymore.

    So his revenue stream changed. He went from directly profiting from real estate and investments to, after many high profile failures, licensing his brand and selling himself. He had always been a bit of a celebrity, but this is when he started making money like one.

    From there, shilling out ugly sneakers, overpriced trading cards/NFTs, and other crap basically became inevitable. His recent legal costs have only accelerated the process because he needs money now.




  • Yes, but as a specific exercise, the US government wants to spy on US citizens because if gives them the power to arrest you. You could be committing crimes right now and not realize it, but if you ever become a person of interest they will use them against you.

    Of what use is specific data from specific nationals to a foreign government? They don’t have anywhere near the same level of power over your life as your home government does, unless you’re a defense contractor or a government official or something, all of that information is just fluff to them.

    And not for nothing, but the original conversation was about Discord, which is partially owned by Tencent but partial ownership by a private Chinese firm does not give the Chinese government any kind of special control over the platform.