October 18, 2018
Compiled by Lisa Phillips of OpDeepState.com
“Any day now, Donald Trump is finally going to confess,” writes Steve Sebelius in the Las Vegas Review-Journal.
Any day now, Trump is going to admit what savvy observers have long suspected, that his bid for the presidency is actually the most elaborate pilot episode of a brand-new reality series loosely modeled on “Punk’d.” But, oh, so much bigger.
Any day now, Trump is going to reveal he’s really running for Punkmaster General of the United States.
Any day now. […]
At one point, long ago, it seemed possible the Trump candidacy was a favor to the Clintons, a way to clear the GOP field with a scenery-chewing ringmaster no media person could resist. But the joke has been so long-running and well-executed, even the Clinton machine couldn’t have thought it up.
There will be many people who will be disappointed and even angry when they realize they weren’t in on the joke. They’re the ones who say that Trump is just saying what the American people are thinking. They may never believe this whole thing was the greatest gag in American comedy history. And nobody will be more disappointed than those pundits who denounce The Donald’s awfulness while extensively documenting his every Tweet.
All that’s left is to get William Shatner signed up to play Trump on this season’s “Saturday Night Live,” and get back to figuring out which of the boring candidates will be our next president. Because any day now, Trump will let us all in on the joke.
Any day now. – Steve Sebelius
If the Clinton machine cannot claim the ingenious responsibility for the Trump presidential campaign, who can? It just so happens that Trump has a history of dealings with one of the solar system’s premier diabolical masterminds in George Soros, a predatory billionaire whose infamy has been boosted in the twenty-first century by his sponsorship of toxic astroturf activism and various crypto-imperial color revolutions.
Blogger Helena Glass, noting Trump’s documented friendship with Bill and Hillary Clinton, his donation of $250,000 to the Clinton Foundation, and Hillary’s attendance at Trump’s wedding in 2005, continues:
Trump has changed political parties as often as Hillary changes her hair. From Democrat to Independent to Republican and a host of ‘in-betweens’, his changing ways are a bit unnerving. If he were actually, gasp, elected, would he become a Democrat while in office? The most telling would be finding a connection between Soros and Trump. It’s hardly a secret that Soros has crossed party lines before, McCain is one example.
Read more: Donald Trump: The Soros Connection
Big names back Trump tower
October 28, 2014
by Thomas A. Corfman
Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city’s history, according to real estate sources and public documents.
Despite reports about the project’s record-breaking sales, most of them from Trump himself, many Chicago real estate developers and lenders have expressed doubts about whether the 90-story tower would ever be built.
“It is such a huge project, and the prices he said he was getting were so outside the norm,” said Robert Glickman, president and chief executive of Chicago-based Corus Bank.
“It was reasonable to say, `Is this real?'” he said.
The massive financing, which sources say also will include a $650 million construction loan from Deutsche Bank, should quell those doubts.
Trump flies to Chicago Thursday morning for a ceremonial demolition of the former home of the Chicago Sun-Times, 401 N. Wabash Ave., which will be replaced by his 2.5 million-square-foot tower. The demolition is expected to begin for real in January.
On Wednesday Trump declined to comment on the financing, emphasizing instead the luxury project’s record-breaking sales.
The chief executive of New York-based Trump Organization said he has agreements to sell three-fourths of the 461 condominiums and 227 hotel-condo units for a combined $515 million.
“Nobody to my knowledge anywhere in the United States has ever sold more than $500 million worth of apartments prior to construction,” he said. “It’s a great tribute to Chicago, to the location and to a great design.
“And, I guess, to Trump, when you think of it,” he added.
The investor trio is led by Fortress Investment Group LLC, according to a financing statement filed Oct. 19 with the Cook County recorder’s office.
Fortress, which manages more than $10 billion in investments, is familiar with the downtown Chicago condominium market after providing a key $26 million loan on the River East mixed-use development last year.
The document does not identify the other participants, but a key member is Grove Capital LLP, according to sources familiar with the transaction.
The firm manages most of the multibillion-dollar real estate portfolio of the $13 billion Soros Fund Management, from which Grove Capital was spun off last month.
The third investor is Blackacre Institutional Capital Management LLC, the real estate arm of hedge fund Cerberus Capital Management LP, which manages assets totaling $14 billion.
Executives with the three hedge funds could not be reached for comment.
The $160 million investment is in the form of a mezzanine loan, a kind of second mortgage that typically charges a much higher interest rate than a first-mortgage construction loan.
Unlike the mezzanine loan, which has closed, terms of the $650 million construction loan have not yet been finalized, sources said.
Frankfurt, Germany-based Deutsche Bank, an active commercial real estate lender in the U.S., is expected to split up the loan with other banks.
Chicago developer Steven Fifield admits he was a “total skeptic” about the project, which initially included a large portion of office space.
But the elimination of the office space and the steadily climbing condo sales helped change Fifield’s view about Trump’s chances to get financing.
“I thought it was a given with the number of presales he had,” said Fifield, president of Fifield Cos.
After 13 months of marketing, condo prices at Trump International Hotel & Tower Chicago have exceeded $900 a square foot, while hotel-condo units cost nearly $1,100 a square foot, according to an analysis of 53 units by Appraisal Research Counselors, a residential consulting firm.
Trump’s marketing firm recently put those units, including six hotel-condo units, on the Multiple Listing Service of Northern Illinois.
Almost two weeks ago Trump completed a buyout of his former joint venture partner in the project, Hollinger International Inc., the troubled parent of the Sun-Times.
Although lining up the financing was a big step for Trump, he still has hurdles to overcome, including avoiding construction delays and cost overruns.
Still, he expressed no concern about the doubts harbored by some local real estate executives.
“It’s a very expensive building to build because of the quality we are putting into it,” he said. “So people of course would say, `Gee, that’s a lot of money to raise.’
“But for me, it’s not a lot of money. You understand,” he said.
Source: Big names back Trump tower
Did George Soros free Donald Trump of a $312 million debt?
March 19, 2016
- In 2005 Trump started construction on his skyscraper the Trump International Hotel and Tower (Chicago)
- To build the tower, Trump received a loan from Deutsche Bank for $650 million
- Trump also received a $160 million mezzanine loan* from a group of private investors including George Soros, Fortress Investment Group and Blackacre Capital (The loan was estimated by the Wall Street Journal of having a total value as high as $360 million with accrued interest)
- By October 2008 Trump had sold nearly $600 million in condo and condo-hotel units, more than half of the total value of all the units in his tower
- After seven years (2005-2012) Trump was on his way to paying off his main construction loan to Deutsche Bank
- For reasons unexplained to the public, the majority of Trump’s mezzanine loan was quietly forgiven by the loan’s original lenders
- No media outlet covering the deal has put together the pieces and told the public that George Soros let Donald Trump off the hook for what has been valued between $82 and $312 million in debt
- Why would Soros give what amounts to a massive debt relief to Trump during a financially successful period in Trump’s life? Are these men friends, enemies or business partners?
We have come across information related to a long and bizarre financial deal between Donald J. Trump, George Soros, Fortress Investment Group and Blackacre Capital, a deal discovered by following a specific on-going money trail and likely partnership between these entities.
In 2005, when Trump began financing the construction of the tallest residential tower on the North American continent the Trump International Hotel and Tower (Chicago), he needed more than just the basic loan he had received from Deutsche Bank. Trump needed what is called a “mezzanine loan”, a loan which is far more expensive than a regular bank loan. This kind of loan needs to be paid off more quickly to avoid high interest payments. It also needs to be paid back in full to keep the lender from taking ownership of the underlying asset.
“Mezzanine financing is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full…
…Since mezzanine financing is usually provided to the borrower very quickly with little due diligence on the part of the lender and little or no collateral on the part of the borrower, this type of financing is aggressively priced with the lender seeking a return in the 20-30% range.” 1
Soros along with Fortress and Blackacre came to Trump with just such a loan at a costly $160 million principal*. The The Wall Street Journal had valued the loan at as much as $360 million, depending on the length of time it accrued interest.
“Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city’s history, according to real estate sources and public documents… The massive financing, which sources say also will include a $650 million construction loan from Deutsche Bank…” 2
“A loan document says Mr. Trump could have to pay Fortress as much as $360 million, depending on how long the loan accrues interest. Combined with the Deutsche Bank senior loan, he would owe more than $1 billion in total.” 3
By October 2008, the tower was almost complete and Trump had sold nearly $600 million in condo and condo-hotel units, more than half of the total value of all units in the tower.
“So far, Mr. Trump has lined up buyers for a bit less than $600 million of condo units and condo-hotel units in a residential market that has virtually seized up… He has closed around $200 million in sales so far, with roughly $380 million still in contract.”3
In 2012, Trump continued to owe money to his lenders but sales of his condominiums had picked up and his tower had a 69% occupancy rate. As Crain’s Chicago put it: “The region’s housing and condo market is still mired in a historic slump. But when it comes to buying and selling in Chicago’s high-end condo market, life is surprisingly good… Condominium owners at the $850 million Trump International Hotel & Tower and other newer top-end buildings have, more often than not, experienced value appreciation when they sold in recent years.” 4
While Trump was not yet making a profit on his tower, his sales and value appreciations were such that his building was generating significant revenue, more than enough revenue to pay back to his lenders large portions of his loans. As former New York real estate developer David Rose writes in his article “How to pay off a Skyscraper”:
“After a number of years have passed, several things are likely to have happened: 1) the mortgage has been significantly paid down; 2) the value of the underlying building has increased; and 3) the owner has waited for a time in the economic cycle where mortgage rates are low. At that point [they] will ‘refinance’ the original mortgage, and put the balance to work somewhere else where it can make even more money.” 5
Yet Trump did not have to worry about paying back the majority of his mezzanine loan. A special group of lenders came in and erased a significant portion of this obligation.
That group was the original mezzanine loan lenders: Soros, Fortress and Blackacre; all of whom decided to forgive Trump’s future interest payments on the loan, selling it to him at the massively reduced price of $48 million. To put that in starker terms, Soros and the others effectively gave Trump possibly hundreds of millions of dollars in debt forgiveness, while cutting down the principal of his loan by $82 million**. Basically, Soros and the others forgave Trump as much as $312 million for no apparent reason.
“Donald Trump has paid $48 million to buy out junior creditors on his 92-story Chicago condominium and hotel project… The New York developer says he bought the debt, which had a face value of $130 million, back from a group of creditors led by Fortress Investment Group.” 8
In a further twist to the story, in the same article from Chicago Business revealed: “After buying out the junior debt [the mezzanine loan], Mr. Trump says he now owes about $120 million on the building that comes due in 1½ years.” 8
The aforementioned shows us that in 2012 Trump had already paid off most of the Deutsche Bank loan before Soros, etc. came in and wiped out most of his mezzainine debt. This raises the question, why wasn’t Trump expected by Soros, Fortress and Blackacre to pay back their riskier, high-interest mezzanine loan? Also, how was Trump able to pay down his Deutsche Bank loan – demonstrating the means to pay off all his loans – yet still have Soros and the others give him somewhere between $82 million and $312 million in debt forgiveness?
Additionally to that, why have we heard almost nothing about this gigantic giveaway to Trump? And why were Soros and Blackacre, two of the three main investors in the mezzanine loan, scrubbed from media’s coverage of the final debt forgiveness deal? What backroom agreements were made concerning this mezzanine loan?
As Trump is now a leading candidate for the presidency of the United States, the American public deserves to know the details behind this deal.
And indeed, not only was this deal made in a cloaked manner, it may have been the most generous amount of debt forgiveness ever given on a mezzanine loan to a borrower who was in good financial health and who had a steadily appreciating asset, as was Trump and his Chicago tower.
**If we were to rely on the original figure of the $160 million principal, this would be $112 million giveaway on the loan’s principle to Trump
- “Mezzanine Financing” Investopedia: http://www.investopedia.com/terms/m/mezzaninefinancing.asp
- “Big names back Trump tower” Chicago Tribune – October 28, 2004: http://articles.chicagotribune.com/2004-10-28/news/0410280265_1_donald-trump-soros-fund-management-blackacre-institutional-capital-management
- “In Chicago, Trump Hits Headwinds” The Wall Street Journal – October 29, 2008: http://www.wsj.com/articles/SB122523704293478077
- “Trumped up: Trophy towers’ condos rise above housing slump” Crain’s Chicago Business – April 14, 2012: http://www.chicagobusiness.com/article/20120414/ISSUE01/304149974/trumped-up-trophy-towers-condos-rise-above-housing-slump
- “How Long Does It Take To Pay Off a Skyscraper?” Slate – July 12, 2012: http://www.slate.com/blogs/quora/2012/07/12/how_long_does_it_take_to_pay_off_a_skyscraper_.html
- “Mortgage rates sink to new record low” CNN Money – June 7, 2012: http://money.cnn.com/2012/06/07/real_estate/mortgage-rates/
- “The 400 Richest Americans – #134 Donald Trump” Forbes – Sept. 17, 2008: http://www.forbes.com/fdc/welcome_mjx.shtml
- “Trump buys out tower creditors” Crain’s Chicago Business – March 28, 2012: http://www.chicagobusiness.com/realestate/20120328/CRED03/120329769/trump-buys-out-tower-creditors
- “Trump sues lenders for more time to pay off loan on Tower” Chicago Real Estate Daily – November 07, 2008: http://www.chicagobusiness.com/realestate/20081107/CRED03/200031749/trump-sues-lenders-for-more-time-to-pay-off-loan-on-tower
Trump Lied to ex-Forbes Reporter for Spot on List
A former reporter for Forbes magazine has claimed that US President Donald Trump lied to him about his wealth to get into the Forbes 400 Richest list.
“He figured out what he had to do in order to deceive me and get onto that list. And he did it very well. And he maintained that persona of just sort of talking about his assets without any sense of debt and lying about it,” Jonathan Greenberg told CNN in an interview on Friday.
“The tactic landed him a place on the Forbes list he hadn’t earned — and led to future accolades, press coverage and deals. It eventually paved a path toward the presidency,” Greenberg also told The Washington post.
Trump’s Connections to the New World Order: Donald Trump has Steven Mnuchin and had Gary Cohn, Steve Bannon, Anthony Scaramucci, and Dina Powell in his Administration and they were all top executives for Goldman Sachs.
THE LOOTING OF AMERICA
As Ryan Zinke was made the head of the Department of Interior, he along with Rothschild Inc. Wilber Ross and Donald Trump made quick work of removing the protections placed by the vote of the people of the state of Utah. The Largest protection removal in US history. Immediately set out to privatize the lands and lease them out to corporations for the theft of crude oil and natural gas that is set to prop up the very manufacturing factories that were pushed out of America. Not only robbing the American worker of jobs but the American people of their resources.
Faced with opposition: The Usual suspects now are turning to the military to help in assisting to get the Resources out of the country.
Listen to the podcast: THE LOOTING OF AMERICA
Courtesy of Wardo Rants Bitchute channel
President Trump’s Secretary of Education Betsy DeVoss signs on to Globalist UN Education Agenda for U.S.
U.S. Education Secretary Betsy DeVos signed on to a radical global “declaration” that calls for, among other absurdities, brainwashing children to believe in the United Nations-backed ideology of total government known as “ ‘sustainable development.” In fact, the pseudo-treaty inked by Trump’s education chief suggests that the purpose of schooling is to indoctrinate children with the right “values” and teach them to be obedient worker drones.
Under the un-American vision agreed to last week in Argentina, the governments purported to commit their nations to globalized brainwashing under the guise of “education.” To be clear, this is a dangerous policy document that, if implemented, will contribute to finalizing the destruction of traditional education in America and replacing it with a total indoctrination program aligned with the systems of some of the world’s most murderous autocracies. Americans should be outraged.
The declaration, produced at the first ever “Education Working Group” of the Group of 20 (G20) network of governments and dictatorships, was titled “‘Building consensus for fair and sustainable development.” How free nations can build “consensus” on “education” with murderous Islamist and Communist regimes that indoctrinate all children under their rule with evil ideologies of oppression was not made clear.