Don't forget that trump is so business savvy he bankrupted a casino.
A casino.
this post was submitted on 12 Jan 2026
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Three times. In *fucking Atlantic City *.
Definitely money laundering.
In the mildest defense Atlantic City was kinda already imploding kinda like what's happening in Vegas right now. Frankly they should've kept with the old school look and pulled a Santa Monica or Venice Beach tourism schtick.
Trump financed the construction of Trump Taj Mahal casino by taking out high interest loans which meant that he had to make $1.3M a day just to meet the interest payments, a level no casino had ever previously achieved and that proved impossible long-term.
I think Trump should stay far away from anything that has to do with the economy.
He was probably planning on his usual strategy of just not paying his debts.
Hopefully a lot of folks will take their cue from Powell, now that a stand has been made.
This guy basically saved the US economy from hyperinflation and a trump just wanted ZIRP back.
That’s going to lead to hyperinflation. Nobody is going to want greenbacks when Trump decides to print a few $T to pay down the debt. Then Americans are going to see every good increase in price exponentially, and I mean real pound me in the ass exponentially and not the watered down “goes up quickly” exponentially people throw around.
it’ll be fantastic for my investments in gold and silver though.
Why precious metals and not foreign investments?
If the USD dies I don’t think any asset is going to do well, except like maybe Russia.
China’s export economy will crumble, I’m Canadian so our trade will fall apart, and the Euro will probably have a crisis like 2008.
If this spirals there's a pretty solid chance that we end up with 08 at best, depression at middling, or outright economic collapse and possibly interstate trade shutdown at worst. Metals generally hold their price well enough in such situations, stocks not so much.
Did Trump actually find someone with legal standing to file the charges this time or are they going to be thrown out with like those filed by the other cos players?