Trump's tax records

Not surprisingly, Trump's old tax records (1995) turned up in the media. Trump responded with a tweet that targets phools who still have the capacity to believe what he says:

https://twitter.com/realDonaldTrump/status/782541307168391168

First, Trump doesn't know tax laws. That's why he hires highly paid accountants to do his taxes, instead of doing it himself. Second, the idea that a person who know how to take advantage of the tax code is the best one to fix it is preposterous. It's like saying that demolition crews are best builders, or thieves are best judges.

"" (Watch on YouTube)

Trump's "financial genius"

Trump's 1995 tax records prove that back in 1990 Hyman Minsky was right about Trump's Ponzi scheme financing (pp 6-7): http://digitalcommons.bard.edu/hm_archive/94/

The puzzle is that the lenders failed to recognize that the arithmetic of his cash flows was virtually identical with that of the developing countries; in effect Trump was Brazil in drag. In the short run, Trump could make his interest payments with funds from new loans— but when the increase in property prices declined to a value below the interest rate, Trump would become short of the cash necessary to pay the interest on outstanding loans. (Minsky, 1990, p. 7)

Essentially, in the 1980s Trump covered his large cash flow problems by borrowing lots of money against appreciating real estate. In the 1990s, real estate stopped appreciating and Trump's investors, including his own business, incurred huge losses on this Ponzi scheme.

The same scheme created even greater losses when the real estate bubble burst in 2007.

Троцкий жжет!

2–го сентября 1939, сразу после того, как Германия напала на Польшу, Троцкий предсказал, что примерно через два года, Германия нападет на Советский Союз:

Nevertheless, the first link of the plan – occupation of Poland in the fall of 1939 is now being consummated. It is very likely that the brief delay of two years between the destruction of Poland, according to the plan, and the offensive against the Soviet Union is approximately correct. In the Kremlin they cannot help understanding this. It is not for nothing that they have proclaimed many times: “peace is indivisible.” If Stalin notwithstanding becomes Hitler’s quartermaster, it signifies that the ruling caste is no longer capable of thinking about tomorrow. Its formula is that of all doomed regimes: “after us the deluge.”

Про предстоящую оккупацию Прибалтики он тоже все написал:

It is quite likely, moreover, that in exchange for Poland, Hitler will give Moscow freedom of action in regard to the Baltic states bordering the U.S.S.R. However, though the “advantages” may be great, they are at best of an episodic nature and their sole guarantee is Ribbentrop’s signature to a “scrap of paper.”

Не зря его Сталин так ненавидел.