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Trump says he has nearly $500 million in cash...
BigPapasan 3 Reviews 163 reads
posted

...money to post bond on Monday in the New York civil fraud case.  Trump posted this morning on Truth Social:
"Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president."

 
But...but...Trump's lawyers filed papers in court indicating he does NOT have the money money.  Who's lying - Trump or his lawyers?

 
Trump intended to use the money in his campaign for president?!  In 2016 he said he would "self-finance" his campaign.
What a fucking liar!

impposter32 reads

Maybe he is counting his Trump Dollars and hoping that no one will notice that it isn't real.  
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(He also has Trump Gold Bars made of chocolate. Maybe he'll offer those as security.)
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At what point do the lawyers get sanctioned for making false filings? If Habba signed those papers, there are videotaped interviews where she brags that Trump has the cash and will have no problem posting the bond ... but then she submits "no cash" to the court?

Posted By: BigPapasan

...money to post bond on Monday in the New York civil fraud case.  Trump posted this morning on Truth Social:  
 "Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president."  
   
   
 But...but...Trump's lawyers filed papers in court indicating he does NOT have the money money.  Who's lying - Trump or his lawyers?  
   
   
 Trump intended to use the money in his campaign for president?!  In 2016 he said he would "self-finance" his campaign.  
 What a fucking liar!
Trump made several controversial LOANS to his campaign in 2016 and 2020. The RNC campaign noted them as DONATIONS but Trump insisted that they were LOANS and that the campaign should pay him back. The FEC investigated some of those claims and some of the mysterious donations (unreported to the FEC) that allowed the RNC to repay Trump.

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coeur-de-lion23 reads

They are not immune from devaluation by Biden's inflation.  While the official inflation taking into account all consumer products has only been about 14% over the past 2 years, certain segments like farm products are up over 20%, partly due to transportation costs with his gas prices. Gas will come down when Trump starts drilling and a broad range of consumer goods that require transportation will follow.  

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impposter30 reads

This is a thread about Trump's need to post a $450M bond or otherwise deal with the issue.  
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It is NOT about drilling (which is at an ALL-TIME US high of 13,315 thousand of barrels of oil per day! MORE than under Trump!). US Natural Gas production is at an ALL-TIME US high of over 42,000,000 Million Cubic Feet in 2023. More NG reduces demand for oil that can shift oil use to other sectors, e.g., more gasoline. However, US Gasoline PRODUCTION capacity has remained FLAT (~17,500,000 barrels per day) for many years due to closures and accidents at some refineries. There is currently ~375,000 barrels of idle US refinery capacity. If oil companies can't operate an old, inefficient refinery and make a profit on the gasoline, they save money by idling it. It doesn't come back on line unless they can see a profit. As of now, more US oil has no place to go in the US to become gasoline.  Also, ... a lot of US oil is not suitable for refining at US refineries and must be sold overseas. The refineries must IMPORT oil of the proper type to make gasoline at US refineries. Maybe GaG's absence is not that he is distracted by pumping his new, cute GF but he is distracted by pumping more and more oil! Maybe someone can get GaG to chime in on the oil industry.  
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Back to Trump's $450M predicament: Trump's penalties are based on then-current prices, interest rates, etc.. Trump's DEBT has not been inflated. Those are "old" dollar amounts. I think Trump would LOVE inflation. He needs 450 million "new" dollars by Monday. He can sell his Golden Sneakers and other stuff at higher, inflated prices and get to the 450M much faster due to inflation. But that's still a lot of sneakers.  

Posted By: coeur-de-lion
Re: Trump dollars like any other dollars . . . .
They are not immune from devaluation by Biden's inflation.  While the official inflation taking into account all consumer products has only been about 14% over the past 2 years, certain segments like farm products are up over 20%, partly due to transportation costs with his gas prices. Gas will come down when Trump starts drilling and a broad range of consumer goods that require transportation will follow.  
(It's funny when MAGAs keep referring to Trump's promise to drill, drill, drill, not realizing that oil drilling / production under Biden is at an all-time high.)

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coeur-de-lion26 reads

selling the oil to other countries, so it's a false argument that he is helping the energy sector here.  We are nowhere near capacity on gasoline production, and it IS flat, but selling off the oil to others is why.  

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impposter30 reads

The exported oil cannot be processed by US refineries. They need to import the kind of oil suitable for refining in the US. According to recent stats, US refineries are operating at near capacity as they have been, on average, for many years.

Posted By: coeur-de-lion
Re: But Biden has been . . . .
selling the oil to other countries, so it's a false argument that he is helping the energy sector here.  We are nowhere near capacity on gasoline production, and it IS flat, but selling off the oil to others is why.  

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durran42121 reads

I don't think so.......this says that capacity has decreased.

The U.S. refines nearly one-fifth of global crude oil, accounting for 18.1 million barrels per day (bdp). However, during the last three years, the U.S. refining capacity has decreased markedly, straining domestic and international supplies of refined oil while raising energy prices worldwide. If these trends continue, our Nation’s refining industry will face significant challenges in the next few years that will affect millions of Americans.

Probably one of the worst things that has ever happened to our fuel and energy supply, prices and reserves in our nation's history can be narrowed down to 2 words.  

Joe Biden

Related Link: https://americafirstpolicy.com/issues/the-importance-of-u.s-refining-capacity

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impposter32 reads

And your link also shows that MOST of the decrease in capacity occurred under TRUMP!!! (see chart)
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Under Biden, there has been a small increase in production from Trump's low.  
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inicky posted that GaG won't be posting to TER any more, but GaG could probably explain some of this oil industry stuff.

Posted By: durran421
Re: But Biden has been . . . .
I don't think so.......this says that capacity has decreased.  
   
 The U.S. refines nearly one-fifth of global crude oil, accounting for 18.1 million barrels per day (bdp). However, during the last three years, the U.S. refining capacity has decreased markedly, straining domestic and international supplies of refined oil while raising energy prices worldwide. If these trends continue, our Nation’s refining industry will face significant challenges in the next few years that will affect millions of Americans.  
   
 Probably one of the worst things that has ever happened to our fuel and energy supply, prices and reserves in our nation's history can be narrowed down to 2 words.  
   
 Joe Biden
And here are some  interesting stats:  
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m
From Jan 2017 (695,000) to Jan 2021 (638,000), Trump SOLD OFF almost 60,000 barrels from the Strategic Petroleum Reserve. Whaaaaaaa? Why did that happen? Demand for gasoline was way down under Covid. Who was reaping the benefits of the SPR releases and why? Other EIA stats show who the largest recipients of the SPR releases are. I'm not looking them up, but I am guessing that they are all Trump donors.  
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Yes, Biden sold off around 300,000 barrels to bring down gasoline prices, and it worked. The SPR is now being refilled.

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inicky4623 reads

First of all he’s banned because his cute GF posted here using his account months ago. They’d probably let him back but he doesn’t give a shit. I’m in regular touch with him and he disagrees with me and most lefties here but also thinks the righties are too stupid to talk to. Even a blind squirrel finds acorn now and then.

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LostSon23 reads

From the article

“While US and international demands are strong for oil, use of renewable fuels, as well as society’s view on fossil fuels, have made it tough to build more refineries.
US capacity to refine crude oil into fuel and other products fell below 18 million barrels per day (bpd) at the beginning of 2022 with its lowest level since 2014, according to the federal government's annual refinery capacity report released June 21, 2022, and reported by S&P Global.”

Soooo let’s import 10,000,000 more people and decrease our refining capacity.

Goooood job lefties GOOD JOB!

Can’t wait for all those EVs to take over

Related Link: https://www.powderbulksolids.com/oil-gas/oil-refinery-closures-in-an-era-of-transition

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