ELI5 If Trump is a supposed billionaire why does he keep promoting cheap crap to get money? - eviltoast
  • halcyoncmdr@lemmy.world
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    3 months ago

    I’m sure he was at one point, then as he began losing money on terrible ideas, because he’s an idiot, he started lashing out into any random crap he could to try and stabilize it. Taking out dozens of foreign loans with inflated numbers, and constantly ending up underwater in those, needing more to further the process, like a debt-based ponzi scheme where no one actually makes any money in the end, not even the banks.

    He managed to bankrupt a casino. They basically print money, yet he managed to run one right out of business.