Trump's broke. He has lots of assets (whose value *he* assesses), and those assets have lots of debt. But he also has massive operating and personal debts that he will not show, that are funding his "Look, ma, I'm a billionaire!" act. His businesses dont produce enough cash to...

...cover his total debt obligation. Thats why he remortgaged the hell of out Trump Tower recently, pulled out $100 million, & squandered it all. Thats why he's been dumping liquid assets - he needed cash. Hell, Enron did the same thing in the months leading up to its collapse...

...& just like Enron, assets/debt on assets is a narrow picture that disguises true financial condition. Thats why they were hiding total debt & cash flow. Trump is trying to do the same. You need total debt - personal & corporate - plus total debt service cost vs cash flow...

...he does not have the cash flow to service his total debt. That is something the Times report makes clear - the total numbers aren't there (you need underlying business records) but that is exactly what it is showing. He lives on borrowed money and cash driven to him from...

..government deals (putting military, Secret Service, VP etc at Trump properties), cash funneled to him through foreign officials & corporate lobbyists staying at Trump properties. Hell, people don't fully understand that the frigging *golf games* are part of the cash flow scam..

...his trips fill the place with paying customers, both those who want to hang out with the president and all of the officials he brings with him. He doesnt "profit" directly, because Mar a Lago isn't making money. He is generating cash flow so he can keep servicing the debt...

...that ultimately he cannot pay. Trump wrecked America as part of his last, desperate effort to grift, to prevent the inevitable from happening: The exposure that he is the world's worst businessman, living off of borrowed and stolen money - stolen from you and me.
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