As a valuation expert (I hold the MAI designation) I can agree with the Attorney General of New York who claims that Mr. Trump has over-valued his hotel properties by multi-millions (probably much more) so he could get equity funds for his own account. I noticed the wiggle room (it's mostly fraud within our appraisal education) in property valuations. I noticed this way back in the 1970's when I valued properties for my RICH real estate clients. The game of property valuation is a BIG Ponzi Scheme for those who have economic understanding. Few seem to comprehend, however!
The Wall Street Journal today reveals that Mr. Trump has over-valued his Scotland Hotel, his Wall Street property, and his Mar-a-Lago property (plus many more) so that he could obtain bank loans (in the multi-millions) for his own equity account. This game of getting HIGH valuations (much more than logic can support) to obtain favorable loans from banksters is typical of what our economy allows for the RICH and powerful. I played this game for years back in the 1970's.
I wrote articles on this fraud within our valuation markets back in the 1970's and many media entities published by articles. But nothing changed as the authorities at the TOP (like the Appraisal Institute) supported all this fraud in property valuations. It's all about getting MONEY for select individuals who can grow their property empire via these bank loans and fraudulent valuations. It's a BIG Ponzi scheme when understood. Few have wanted to understand!
Yes, Mr. Trump's billions have been earned via property valuation fraud. This is typical of all the other real estate tycoons as well. Favorable valuations allow these promoters to gain personal wealth in the billions. It's all a GAME of creating valuations which a BANK (lender) will accept for their FILE. I played this game and know all the inside details. It's a game for creating wealth out-of-nothing. It's all pure fraud and illusionary logic...to grow personal WEALTH for the select few.
What else is happening in our world economy that is now being REVEALED:
1. Liz Truss, the new British Prime Minister, is promoting more spending for her country. Interest rates are going up in Britain and inflation is 10% (as of now). Soon this situation will get MUCH worse under the leadership of this lady who seems UNAWARE of financial reality. Her new policies will lead Britain in the dumps during 2023. Watch and observe her policies. See today's Wall Street Journal for details.
2. As I write the American financial indices are heading for the dump. My sense is that this trend will continue next week as investors and traders dump stocks and head for cash and bonds. At some point investors will wake-up to the fraudulent financial markets which our Central Banks have created. Does Powell understand what he is doing? My sense is NO. He will bring us the coming DEPRESSION in 2023 and 2024. God is behind all of this change!
3. Putin is now convinced that his WAR is mostly with the WEST and their ideas (promoting a uni-polar world) to force Russia to capitulate politically. Putin says he will protect the security interests of his Motherland even if he must use Nuclear Bombs to maintain this SECURITY. Putin and the EAST do not want America's uni-polar world system. They want a multi-polar world system. Think on this!
4. The election in America called the mid-terms is coming in 45 days. Biden has lowered gas prices (recently) so that his supporters will be favored at election time. America's strategic oil reserve has been depleted (some 250 million gallons) so that gas prices can be lowered. But all this manipulation will come to an END this fall. After the mid-term elections we could witness MUCH higher gas prices (again)! Will Biden's democrats benefit from all this manipulation this November? I will watch and observe as election day arrives.
5. My sense is that America and the world economic system is coming to a HUGE ending this year. The cycle is revealing that the status quo can not continue. We will soon be experiencing the biggest economic depression in all of history. God is bringing this about! The end of Capitalism is here and those with some wisdom can discern this reality. We are now living on borrowed time (until the final end arrives)!
6. What is needed now is for people to wake-up to the realities which are emerging. A HUGE economic depression is emerging for America and the World. The markets will start to TANK globally this month and later into 2023. Nothing can change reality as God is intervening to bring this man ruled system to an END. The wise will seek to understand what is happening and then apply common sense to their decision making.
7. America will lead the world into this coming economic depression. When people wake-up to this reality CHANGE will start to happen. We need a NEW MODEL for this planet. The old model is DEAD. My sense is that our financial situation will help us to gain understanding and wisdom on all these issues. Money has ruled this planet since its DAWN. The end of this ILLUSION is the key concept to discern! Read my prior missive for some understanding on this idea called the DIGITAL dollar!
8. Digital money reveals that the entire financial system is a BIG illusion (within our MIND). Where does a 'digital' currency COME FROM? Think on this! Who has the authority to create these 'digital' currencies from their MIND? Can this illusion of MONEY continue? My sense is that it all ENDS in 2022 and 2023. Money is the biggest problem which is preventing progress for our planet! Get yourself educated on the history and nature of MONEY! Have a great day!
I am: donaldswenson.blogspot.com. Also, http://kingdomecon.wordpress.com.
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