Trump’s political career has been as interesting as it has been an absolute failure, but not just a general failure. It has been a disastrous one, because what began as a movement that promised and- as I have emphasized before and will continue to emphasize -even if it did realize only 10% of its promises could have made serious, long-term positive change in American history that would benefit many future generations, instead, Trump turned his time in office into a publicity stunt that has caused far more problems than even the volumnous promises he made and just chose not to act on.
Politicians can often get away with lies. However, sometime those lies catch u to you. This is certainly what happened with Trump, because while his style was initially popular, a lot of big talk without the walk is just frustrating. Likewise, the constant demonization of Trump for anything and everything he did.
But the media’s criticisms of him could be better dealt with if Trump was not dishonest about his promises versus his actions. As I have noted before, this should have isolated Trump’s supporters from him, but instead, many rallied to him as a cult of personality that placed devotion over reason.
Now, Trump is in big trouble. Regardless of what one thought or thinks of Trump, he is now being looked at as a toxic asset all around. New York City has cancelled all contracts with the Trump organization, which is going to be a major hit to Trump’s finances, and all at a time that he has been struggling for years to turn a profit, if even anything at all.
Now in a major blow to Trump, Deutsche Bank, his arguably main source of loans, is refusing to do business with him, and this comes at a time when Trump owes the giant hundreds of millions of dollars.
Deutsche Bank, one of President Donald Trump’s main lenders, plans to distance itself from its best-known client in the wake of last week’s Capitol insurrection, creating a new threat to Trump’s finances once he leaves office.
The German bank will no longer do business with Trump or his company going forward, according to a person familiar with the matter. Trump owes the bank more than $300 million.
Separately, New York’s Signature Bank said it is closing Trump’s personal accounts and calling for his resignation. The bank is pledging to no longer do business with any members of Congress who objected to the certification of President-elect Joe Biden’s election last week.
“To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic,” Signature Bank said in a statement. “We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty.”
The moves by Trump’s banks are the clearest signs yet of looming financial blowback to his business empire as he leaves office facing widespread repudiation for stoking the Jan. 6 mob attack that disrupted Biden’s election certification. A growing number of major financial institutions and other corporations have spoken out against the events and announced plans to cut off financial support for Republican officials.
Deutsche Bank’s break with Trump follows years of intense public scrutiny and litigation triggered by its association with the president. After winning control of the House majority in 2018, Democrats launched an investigation into the bank’s dealings with Trump, issuing subpoenas that sparked a legal battle all the way to the U.S. Supreme Court.
Deutsche Bank declined to comment on its relationship with Trump. The New York Times earlier reported the bank’s decision to stop doing business with the president.
The Trump Organization did not immediately respond to a request for comment. The White House also did not respond. (source)
This is it for Trump. He is OVER. The man is going to lose everything he has, and he just does not lose his businesses, he will also lose most of his income. It is very possible that Trump may die a pauper, let alone what may happen to his family.
In the last century, there is no comparable example for this with a president. What is happening to Trump seems to be more in line with the fate of an overthrown African or Middle Eastern despot. Trump is done, and that is why people are running away from him- American and much of world business is arguably a popularity contest, and with Trump being so unpopular, he who continues to associate with him risks the same fate as Trump.
But again, I want to point out that the issue here is bigger than Trump, for the tar-and-lynching, in an allegorical sense, of his career is a warning to all people, and a trend to be aware of, which is that no person is safe any more because of his political views. If this can happen to Trump, it surely can happen to the average man, and because of this, expect to see in the future a more stringent ‘enforcement’ of political orthodoxy, on a global scale, against those who ‘get out of line’ on the ‘wrong issue’.
Trump could have avoided this, but his arrogance and dishonesty opened a path for unnecessary conflict that not only has destroyed Trump, his brand, his legacy, and probably his family also, but it has facilitated a justification for increasing control on the common man and the stifling of the right of people to agree to disagree in healthy conversation, meaning that 2021 is looking now, and in the future, a lot more like thirty-seven years past than something to look forward to.