China–Time To Collect

Closing Thought–04May20

May the Fourth be with you!

Since Trump has been in the White House he has seemed to hold some sort of warm place in his heart for China (that is until the virus and he blames it all on China for now)……and I have thought it was unusual as he seems to try and protect China from all sorts of bad press and criticism…..why is that?

I think maybe I found the answer and it as simple as an IOU…..

But Trump himself has taken on debt from China. In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt included $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term.

Steps from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump owns a30 percent stake in the property valued atmore than $1 billion, making it one of the priciest addresses in his portfolio, according to his financial disclosures.

Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign. But the arrangement with the Bank of China in 2012 has gone largely unnoticed. The questions surrounding Trump’s ties to the Bank of China come as his campaign is claiming that Biden would be a gift to the Communist country and America’s chief economic rival

That could explain a lot…..

Somehow it always comes down to Donald the Orange’s financial shenanigans….even as president.

I Read, I Write, You Know

“lego ergo scribo”

6 thoughts on “China–Time To Collect

  1. Why doesn’t he just sell his stake in the building? Perhaps because the current situation has devalued it?
    Best wishes, Pete.

  2. Reblogged this on It Is What It Is and commented:
    It always comes back to “follow the money” … Somehow it always comes down to Donald the Orange’s financial shenanigans … even as president!!

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