The big news in America is the indictment of Donald John Trump (our prior President) on legal charges related to a cover-up of financial records, lying, hush money pay-offs, and much more. His trysts with dozens of women are ubiquitous (similar to our prior President, Bill Clinton). I have watched this soap opera for some 50+ years going back to John Kennedy. Our prior Presidents have been having trysts with dozens of call girls (somewhat similar to our famous sports figures). I think of Magic Johnson and all his sexual escapades.
The history of Donald John Trump is now open for everyone to contemplate. Joseph Robinette Biden, however, is also a sexual politician with a record of sins that tarnish his behavior. This soap opera of hush money pay-offs and legal cover-ups has been SOP for decades. Most politicians (globally) are guilty and it is unlikely that this will change until the Kingdom arrives. Repentance is unlikely as our electorate will tolerate this type of behavior indefinitely. Trump will gain followers even as he will lose voters as the election draws nigh. I seriously doubt that he will serve another term as our President.
My personal viewpoint is that the Donald did pay hush-money to Stormy Daniels (his tryst partner in 2007). Some $130,000 was paid to keep her quiet about his affair. Stormy and the Donald have photos together and the Wall Street Journal had a full article on this situation in today's paper. The legal attorney for the Donald at the time (prior to the 2016 election) was Michael Cohen. This attorney has since been indicted for lying and cover-up but my sense is that his payment to Stormy was legitimate. Trump and his organization did pay for this cover-up IMO. We will hear more on this as the indictment goes public next Tuesday.
According to today's WSJ some 30 legal issues are being considered as part of the indictment. I assume that falsifying financial records (on market values of his hotels, etc.) will also be part of the indictment. I witnessed this behavior (in spades) while I was a mortgage broker back in the 1970's. Nearly every developer who desired a LOAN would falsify financial records so they could present that they were rich in EQUITY (even as their properties were not worth the numbers that were being presented). Falsifying financial records was a method to get higher loans.
As a Valuation Consultant (appraiser) I witnessed hundreds of false financial records as developers and builders could imagine market values much HIGHER than normal and get away with these falsifications. This is likely what the Donald also did when he desired a LOAN from one of his lenders. None of this behavior will lead to his demise but it does reveal that our system is totally corrupt and needs to change. My sense is that all this media SOAP OPERA will continue for 2023 and 2024 and lead to more election chaos down the road. Both Biden and Trump need to get out of politics as they BOTH are weak leaders.
What we really need going forward are NEW leaders for our world. Money has corrupted the entire election system and this will continue as long as MONEY is central to getting positions of political POWER. Money and ego are being exposed as the real culprits for our corrupt system. The Trump Soap Opera will continue for 2023 and 2024. My hope is that the America people will recognize that we need better leaders who will DEAL with our myriad of political problems. Kicking the can down the road must STOP. This will take NEW leaders with a better vision for our country.
We are heading for chaos later this year. Our economy is in trouble and this will surface by the end of 2023. My sense is that the banking issues will get worse and the hyped up stock market will crash at some point. The entire system is fragile and all this will become apparent by the end of 2023. It is possible that the coming Debt Ceiling issue will bring more chaos to the markets by August. America's financial house of cards has not improved. You can witness the mess here: www.usdebtclock.org.
Let's all learn from the events happening today within our political system. Mr. Biden and Mr. Trump are both flawed leaders. I do not BLAME anyone for our problems, however. The models that our politicians have followed have led to our current situation. We now need NEW MODELS for our real-time interconnected world financial system. The plan to promote central bank digital currencies, however, will not work. These CBDC's will make the financial problems MUCH worse. What we need is to eliminate money from this planet. It's at the ROOT of all of our problems. Think on this as you watch the continuing SOAP OPERA of TRUMP and BIDEN.
Have a great day! I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com.
http://kingdomecon.wordpress.com
No comments:
Post a Comment