Last May, Special Counsel Robert Mueller was appointed to oversee the investigation into Russian collusion in the 2016 election. Since then, it has become more evident that Mr. Trump and his family have unusually close ties to Russia. Now, the majority of Americans also believe that Trump attempted to obstruct justice by impeding the Russia probe.
On Saturday, a major report was published sounding more alarms about Trump’s ties to Russia. The report details how Russian money played a huge role in saving Trump’s businesses. Despite what many of Trump’s supporters believe, he has not been a savvy business man and by 1992, he had accumulated nearly a billion dollars in personal debt.
Although he hosted a big gala to boast about cutting a deal with the banks, in actuality, the U.S. banking industry was largely finished with him. According to Foreign Policy:
‘By the early 1990s he had burned through his portion of his father Fred’s fortune with a series of reckless business decisions. Two of his businesses had declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times. When would-be borrowers repeatedly file for protection from their creditors, they become poison to most major lenders and, according to financial experts interviewed for this story, such was Trump’s reputation in the U.S. financial industry at that juncture.’
Still, as late as 2003, Trump was in such financial trouble that he desperately pressed his siblings to hurriedly sell his father’s estate off, against the late Fred Trump’s wishes. His businesses continued to fail and in 2004, Trump Hotels and Casino Resorts filed for bankruptcy with $1.8 billion dollars of debt.
However, Trump made a comeback and it was foreign money, especially Russian money, that played a large role in reviving his wealth. Investment by wealthy people from Russia and the former Soviet republics had a large hand in Trump’s renewed fortunes. Foreign Policy reported:
‘This conclusion is buttressed by a growing body of evidence amassed by news organizations, as well as what is reportedly being investigated by Special Counsel Robert Mueller and the Southern District of New York. It is a conclusion that even Trump’s eldest son, Donald Trump Jr., has appeared to confirm, saying in 2008—after the Trump Organization was prospering again—that “Russians make up a pretty disproportionate cross-section of a lot of our assets.”’
Trump’s former longtime architect, Alan Lapidus, told Foreign Policy in an interview:
‘He could not get anybody in the United States to lend him anything. It was all coming out of Russia. His involvement with Russia was deeper than he’s acknowledged.’
All of this background history sheds some light into recent developments in the investigations by Mueller and the Southern District of New York, which have focused on supposed Trump collusion or conspiracy with the Russians.
According to Foreign Policy:
‘It may have seemed odd at first that during the presidential campaign the people in Trump’s orbit—including Trump’s son, daughter, and son-in-law—were contacted by at least 14 Russians, according to information emerging from the federal investigations. Or that in November 2015, according to a sentencing memo published recently, former Trump lawyer Michael Cohen was approached by a Russian who offered “political synergy” between the Trump campaign and Russia (adding that a meeting between Trump and Russian President Vladimir Putin would have “phenomenal” impact “not only in political but in a business dimension as well”).
‘But in fact at least some of these encounters appear to have sprung from business contacts Trump had developed over nearly two decades.’
Trump has consistently downplayed his relationship with Russia and has outright denied connections. He tweeted just a day before the election:
‘I HAVE NOTHING TO DO WITH RUSSIA – NO DEALS, NO LOANS, NO NOTHING!’
Anyone with an ounce of sense knows that this is not the case. The Trump family’s Russian ties run deep and the truth is coming out.
Here’s what Twitter had to say:
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