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Old 03-19-2011, 06:21 PM
 
10,963 posts, read 7,783,282 times
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Quote:
Originally Posted by Randomstudent View Post
We don't directly manipulate our currency...
What do you think quantitative easing does?

What do you think that changing interest rates does?

Every country on the damn planet makes some monetary measures which directly affects the value of their currency.

One of the reasons the United States and the European Union have kept their interest rates low over the past 2 years or so is to provide liquidity to the financial markets and help boost exports.

The United States is bitching because China basically plays the game of monetary policy in a manner which best suits their national interests but not those of the United States. There is nothing the United States can do about this without prompting action by the Chinese that would be economically detrimental to the United States so they b**tch about it.
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Old 03-19-2011, 06:21 PM
 
69,372 posts, read 53,765,857 times
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Quote:
Originally Posted by ♪♫♪♪♫♫♪♥ View Post
Well that'd make him perfect for our economy wouldn't it?
Quote:
Originally Posted by TBCasino View Post
I'm gonna go with "no" on that one.
Why wouldnt it? Trump has used BK to leverage maximum returns. The US Govt might be bankrupt soon, so it might make sense to have someone who's gone through it before leading the way to turn it into a positive..
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Old 03-19-2011, 06:34 PM
 
10,963 posts, read 7,783,282 times
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Quote:
Originally Posted by pghquest View Post
There is a difference between doing something to MAKE money, and doing something to save money.. Trump would be "blowing" money on items unless he can justify a rate of return..
Trumps business bakruptcies are a directly result of taking on debt and not making enough cash flow from operating income to meet the agreements of debt repayment.

Trump Entertainment Resorts - Wikipedia, the free encyclopedia

Quote:
On May 18, 2007, the company announced that it was in the preliminary stages of negotiating a buyout with several public and private firms. On July 2, 2007 Trump Entertainment Resorts announced that they could not make a deal with any company that they were in talks with and decided to take itself off the market. The company planned to lay off employees in order to cut costs.[7]

On February 17, 2009, the company filed for Chapter 11 bankruptcy protection, in the face of multi-billion dollar debts.[8] Nine affiliates of the casino operator, including Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal Associates, also filed at the same time.[9]

Sorry this looks like a business that is looking for addtional capital any way they can to stay alive. Businesses the are successful at generating enough cash flow to pay off their debts don't go through Chapter 11.

Chapter 11, Title 11, United States Code - Wikipedia, the free encyclopedia

Quote:
Chapter 11 in general

When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11.

In Chapter 7 the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the owners of the company. In Chapter 11, in most instances the debtor remains in control of its business operations as a debtor in possession, and is subject to the oversight and jurisdiction of the court.[1]
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Old 03-19-2011, 08:26 PM
 
69,372 posts, read 53,765,857 times
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Quote:
Originally Posted by JazzyTallGuy View Post
Trumps business bakruptcies are a directly result of taking on debt and not making enough cash flow from operating income to meet the agreements of debt repayment.

Trump Entertainment Resorts - Wikipedia, the free encyclopedia
Thats usually the reason for corporate bankrupties, is it not? Trump though used the bankruptcy as a leveraging tool to renegotiate payments in the same manner I filed bk. It was to force creditors to come to the table and renegotiate terms that were mutually beneficial to us.
Quote:
Originally Posted by JazzyTallGuy View Post
Sorry this looks like a business that is looking for addtional capital any way they can to stay alive. Businesses the are successful at generating enough cash flow to pay off their debts don't go through Chapter 11.

Chapter 11, Title 11, United States Code - Wikipedia, the free encyclopedia
No.. he was looking for capital to buyout the investors at a much lower than market rate. The deal was so profitable to Trump that he was faced with paying $100M in TAXES on the deal..
Trump Casino Stock Soars As The Donald Considers Selling

At a 15% tax rate on capital gains, this means Trump profited upwards of $700M in profit..

Many here seen his BK as an acknoledgement of failure, but again, it was for leverage so he can earn hundreds of millions of dollars..
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Old 03-19-2011, 08:30 PM
 
Location: Las Vegas
5,877 posts, read 4,036,414 times
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I don't know what to make of the Donald. I have to learn more about him.
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Old 03-19-2011, 08:31 PM
 
Location: tampa bay
6,462 posts, read 6,490,407 times
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I remember how Donald Trump declared bankruptcy in Atlantic City years ago at one of his casinos and screwed over a whole bunch small contractors! At the time this casino only accounted for a miniscule amount of his net worth. Was he within his legal right to do so yes was this the moral thing to do????
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Old 03-19-2011, 08:32 PM
 
69,372 posts, read 53,765,857 times
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Quote:
Originally Posted by NorthGAbound12 View Post
I don't know what to make of the Donald. I have to learn more about him.
I keep his business card in my wallet. Not that he'd take my call.. It was from a letter I received from him when I was a teenager. It helps to keep me motivated..

But.. he's not running for President.. Dont waste too much time learning more about him for political reasons.. Business reasons though he can leave one shocked...
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Old 03-19-2011, 08:34 PM
 
69,372 posts, read 53,765,857 times
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Quote:
Originally Posted by Irishiis49 View Post
I remember how Donald Trump declared bankruptcy in Atlantic City years ago at one of his casinos and screwed over a whole bunch small contractors! At the time this casino only accounted for a miniscule amount of his net worth. Was he within his legal right to do so yes was this the moral thing to do????
A Chapter 13 bankruptcy wouldnt have screwed contractors. It would have simply delayed when they got paid until the courts authorized payments.
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Old 03-19-2011, 08:37 PM
 
Location: Las Vegas
5,877 posts, read 4,036,414 times
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Quote:
Originally Posted by pghquest View Post
I keep his business card in my wallet. Not that he'd take my call.. It was from a letter I received from him when I was a teenager. It helps to keep me motivated..

But.. he's not running for President.. Dont waste too much time learning more about him for political reasons.. Business reasons though he can leave one shocked...
I don't know, he seems to be making a lot of noise for someone with no intention of running. He may ultimately decide not to, but I think it's an avenue he's at least considering.
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Old 03-19-2011, 08:38 PM
 
Location: tampa bay
6,462 posts, read 6,490,407 times
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Quote:
Originally Posted by pghquest View Post
A Chapter 13 bankruptcy wouldnt have screwed contractors. It would have simply delayed when they got paid until the courts authorized payments.
They reportedly got pennies on the dollar and in many small business a delay of months or years is the kiss of death!
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