Political discussions about everything
#107729
John...why don't you explain the math behind your claim that Trump took a 1 million dollar loan and turned it into 5 to 10 billion dollars?

I bet the required annualized returns over the investment timeframe to reach the 5 to 10 billion dollars are much higher than John's IQ...
#107740
That isn't a "claim" but what happened.

And thinking about it as an investment return is flawed.

Trump didn't take 1 million and invest it, but leveraged it using OPM.

So Elkin's thinking is flawed, and that isn't the first time he heard those words.
#107747
Well, the history of banking is a complex topic.

Millions of people get mortgages to afford to buy their houses, and that can be good.

And I wouldn't rule out using OPM to buy something if my own money happened to be doing well in a boom stock market year.

However, I believe in zero debt, so I have zero debt.

Some say a mortgage is "good debt" and that argument makes some sense depending upon the person.
#107770
johnforbes wrote:That isn't a "claim" but what happened.

And thinking about it as an investment return is flawed.

Trump didn't take 1 million and invest it, but leveraged it using OPM.

So Elkin's thinking is flawed, and that isn't the first time he heard those words.
Yeah John...Trump used OPM's and ran 5 casinos into the ground.

I hardly think you can become a billionare using OPM by running 5 casinos into the ground.

As a matter of fact borrowing money is what got Trump into trouble to begin with in the first place...s
#107774
ELKCRAP POSTED Yeah John...Trump used OPM's and ran 5 casinos into the ground.
As usual Elk is pulling his so called facts out of ClownLickers asshole. Elk knows Trump filed a chapter 11 Restructure bankruptcy. Thanks for admitting you like lie and omit facts Elk the doofus and lying sack of shit Commie
#107780
^^^^^^^ johnny, will you please explain to this moron what "bankruptcy" means?


And while you're at it, explain to him that spending a billion dollars on building a casino that just sold for $54 million shows that Trump doesn't know how to spend his construction dollars very well. It was a billion dollars spent on a white elephant.
#107783
Clownkicker wrote:^^^^^^^ johnny, will you please explain to this moron what "bankruptcy" means?


And while you're at it, explain to him that spending a billion dollars on building a casino that just sold for $54 million shows that Trump doesn't know how to spend his construction dollars very well. It was a billion dollars spent on a white elephant.
Here Clown the DickLicker suck on this awhile

What does Chapter 11 bankruptcy mean? This is what Trump filed for you and your moron minion Elkcrap.
Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.
https://www.bing.com/search?q=resturchu ... =undefined" onclick="window.open(this.href);return false;
#107785
Yes, his business was BANKRUPT, you imbecile, so he reorganized.

What part of "bankrupt" don't you understand? What it means is that he screwed a bunch of people out of the money he owed them so he could stay afloat a little longer. But he still couldn't make it.

"Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States."-namandgulfdumfuck

Read your own post, dimwit.

Honestly, the morons they let into the U.S. Army.... :shock:
#107786
The way to become a billionaire, of course, isn't to make all perfect business deals.

Nobody can do that, or we would all be billionaires.

The way is to make more good deals than bad ones, and Trump did that, and thus he leveraged a loan of 1 million into 5 to 10 billion.

Trump was bright enough to do that.

Anybody who actually has invested has had good, bad, and mediocre investments. I have, and so has Elkin.

The only difference is that I'm honest enough to admit it.
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