Trump Claims He Has '$500 Million' Cash For His Bond #TYT
Summary
TLDRFormer President Donald Trump claims to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a $464 million bond in a civil fraud case brought by New York Attorney General Letitia James. Trump's assets are at risk of seizure if he fails to post the bond by Monday. Additionally, Trump's company, Trump Media, is set to go public following a merger with a blank check company, potentially valuing his stake at over $3 billion. However, this valuation is considered highly speculative and may not directly aid in meeting the bond requirement.
Takeaways
- 💼 Former President Donald Trump claims to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a bond.
- 📜 Trump faces a $464 million judgment in a civil fraud case brought by New York Attorney General Leticia James and has until Monday to post the bond.
- 🏦 If Trump fails to post the bond, James can begin the process of seizing his assets, with reports suggesting she has already initiated steps towards this.
- 🗣️ Trump alleges that the judgment and the 'politically motivated' case are an attempt to damage him and prevent him from funding his presidential campaign.
- 📉 Despite Trump's claims of wealth, there are doubts about his liquidity and the ability to access significant cash quickly.
- 🔄 Trump's company, Trump Media, is set to go public following a merger with a blank check company, which could increase his wealth significantly.
- 🔒 However, Trump's stake in the public company will be tied up for most of the year due to a lockup agreement, preventing immediate monetization.
- 🤔 Observers question the disparity between Trump's public claims of wealth and the legal and financial struggles he faces.
- 🌐 The host of the transcript discusses the potential political implications of seizing Trump's assets and the impact on his potential 2024 campaign.
- 📈 Trump Media's valuation is criticized as overinflated, with skepticism about its long-term viability and profitability.
- 🔄 The discussion highlights the complex interplay between politics, finance, and legal battles in the context of Trump's business dealings and legal challenges.
Q & A
What is the amount of the judgment against Donald Trump in the civil fraud case?
-The judgment against Donald Trump in the civil fraud case is $464 million.
What is the deadline for Trump to post the bond in relation to the $464 million judgment?
-Trump has until Monday to post the bond before the New York attorney general, Leticia James, can start seizing his assets.
How much cash does Trump claim to have according to his post on Truth Social?
-Trump claimed to have almost $500 million in cash through work, talent, and luck.
What is Trump's intended use for the substantial amount of cash he claims to have?
-Trump intended to use the substantial amount of cash for his campaign for president.
What is the criticism Trump has against the judge in the civil fraud case?
-Trump criticized the judge as a 'political hack' and accused the 'rigged and corrupt AG' case of being a setup where he claims to have done nothing wrong.
What is the potential impact of the judgment on Trump's political campaign?
-The judgment, if not paid or bonded, could lead to the seizure of Trump's assets, which may affect his political campaign and his ability to use his cash for the campaign.
What is the status of Trump Media in relation to going public?
-Trump Media is set to go public after shareholders voted to approve its merger with a blank check company. Trump will own a dominant stake in the public company, with shares worth more than three billion at current market prices.
Why might Trump not be able to monetize his stake in the public company immediately?
-Trump's stake will be tied up for much of the year under a lockup agreement, which is a normal arrangement to ensure that insiders don't sell off their shares as soon as the company goes public and potentially push down the stock price.
What is the argument against seizing Trump's properties as a form of collateral?
-Seizing Trump's properties could create a 'greatest victimhood' narrative for Trump in the 2024 election, potentially helping him gain more support.
What is the concern regarding the valuation of Trump Media and its potential impact on investors?
-The concern is that Trump Media is highly overvalued, with its stock valued at $6 billion despite having minimal revenue and significant losses. This could lead to investors losing money if the stock price collapses after an initial surge.
What is the role of Jeffrey Yass in the Trump Media deal and his political contributions?
-Jeffrey Yass, a GOP mega donor and co-founder of Susquehanna International Group LLP, is involved in the merger with Trump Media. He has also been active in political contributions, including efforts to influence the outcome of different elections.
Outlines
💰 Trump's Claim of Having $500 Million
Former President Donald Trump claimed to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a $464 million bond in the civil fraud case brought by New York Attorney General Leticia James. Trump accused the judge and James of political bias and likened the situation to communism in America. He also mentioned his intention to use a substantial part of the funds for his presidential campaign.
🏛️ Legal and Financial Implications for Trump
Discussing the potential legal actions against Trump if he fails to post the bond by Monday, the speakers suggest that placing liens on his properties could be a fair alternative to seizing them immediately. They also debate the potential political fallout from such actions, with one arguing that it could create a victim narrative that could boost Trump's popularity in the 2024 election. The conversation also touches on the valuation and potential failure of Trump Media.
📉 Trump Media's Overvalued Stock and Financial Predictions
The speakers express skepticism about the overvalued stock of Trump Media, which is projected to be worth $6 billion despite having minimal revenue and significant losses. They predict that the stock will eventually crash, leaving investors with losses, and question the involvement of GOP donor Jeffrey Yass in the deal. The discussion also includes the potential impact of the Trump Media deal on the political landscape and the need to reduce the influence of big money in politics.
🤔 Doubts on Trump's Financial Claims and the Future of Trump Media
The speakers doubt Trump's claim of having $500 million, considering his past financial statements and the legal troubles he faces. They also question the viability of Trump Media, predicting that it will not survive or turn a profit. The conversation includes speculation on the motivations behind the Trump Media deal and the potential for financial exploitation of Trump's supporters.
👋 Closing Remarks and Call to Action
The speakers conclude their discussion with a call to action for viewers to support the show through YouTube memberships, highlighting the benefits of membership such as live chat, emojis, badges, and access to exclusive content. They thank the viewers for their support and encourage them to join the community for enhanced interaction and content access.
Mindmap
Keywords
💡Donald Trump
💡Civil Fraud Case
💡Bond
💡New York Attorney General Leticia James
💡Truth Social
💡Trump Media & Technology Group (TMTG)
💡Lockup Agreement
💡Political Campaign
💡Asset Seizure
💡Public Company
💡Overvaluation
Highlights
Former President Donald Trump claims to have almost enough money to post bond in the $464 million civil fraud case.
Trump has until Monday to post the bond before New York attorney general Leticia James can start seizing his assets.
Trump's Truth Social post states he has almost $500 million in cash, contradicting his lawyers' claims of inability to secure a bond.
Trump accuses the judge and attorney general of political bias and likens the case to communism in America.
Despite previous claims of having over $400 million in cash, Trump's lawyers said in court filings that he could not secure a bond.
Trump Media's merger with a blank check company suggests a valuation of over $3 billion for Trump's stake.
Trump's stake in the public company is subject to a lockup agreement, preventing immediate monetization.
The New York attorney general's office has filed judgments in Westchester County, indicating preparations to seize Trump's golf course and estate.
Legal experts suggest placing liens on Trump's properties as a fair and politically astute strategy rather than immediate seizure.
Trump's opposition criticizes the potential seizure as creating a victimhood narrative that could boost his 2024 election campaign.
Trump Media's valuation is questioned, with the company's True Social platform showing significant losses despite high value.
The stock market valuation of Trump Media is considered overvalued, with comparisons to a 'greater fool' investment strategy.
The merger partner's co-founder, Jeffrey Yass, is noted for his political donations and influence in Democratic primaries.
The potential downfall of Trump Media is linked to the company's financial losses and Trump's history of business bankruptcies.
Critics warn against the potential negative consequences of financial exploitation of Trump's base through纪念品 or stock purchases.
The discussion highlights the need to remove big money from politics, citing the influence of GOP donors in political outcomes.
The transcript provides insights into the legal and financial strategies surrounding Trump's civil case and media ventures.
The situation underscores the complexities of law, politics, and public perception in the context of high-profile figures like Trump.
Transcripts
former president Donald Trump said this
morning that he has almost enough money
to post bond undercutting his lawyers
claims that he would not be able to
comply with the
$464 million judgment against him in the
Civil fraud case brought by New York
attorney general Leticia James he has
until Monday to post the bond before
James can start seizing his assets and
apparently she's already on the move but
he wrote on Truth social early this
morning through Work Talent and luck I
currently have almost $500 million in
cash a substantial amount of which I
intended to use in my campaign for
president the often overturned political
hack judge on the rigged and corrupt AG
case where I have done nothing wrong
knew this wanted to take it from me and
that's where and why he came up with the
shocking number which coupled with his
crazy interest demand is approximately
$454 million that's all one sentence I
did not nothing wrong except win an
election in 2016 that I wasn't expected
to win did even better in 2020 and now
lead by a lot in 2024 this is communism
in America in another post he described
the Judgment as so unconstitutional and
said judge Arthur angeron came up with a
crazy out of thin air award in order to
damage me politically and not allow me
to use any of the large amount of cash I
have built up over the years through
hard work Insight Instinct and diligence
on my political campaign for president
his lawyers have previously said in
court in a court filing on Monday that
he was unable to secure a bond despite
the fact that at a deposition last year
Trump said he had substantially in
excess of 400 million in cash and he's
likely about to become much much richer
after it was announced today that his
company Trump media would be taken
public shareholders voted to approve
Trump media's merger with a blank check
company following years of legal and
Regulatory obstacles Trump will own a
dominant stake in a public company with
shares worth more than three billion at
current market prices but that doesn't
mean much with regard to the bond
because he won't be able to monetize his
stake right away Trump's stake will be
tied up for much of the Year under a
so-called lockup agreement a normal
arrangement for such deals to ensure
that insiders don't bail as soon as they
come goes public and push down the stock
price there's more to this story but I
want to bring you both in Jen what do
you make of this do you believe him when
you when he says he has the money for it
well I I hope it's true then this whole
thing solved as usual Donald Trump
punches himself in the face so I'm G
come back to that in a second I'm going
to come back to I have the answer for
how to solve all this so rest assured
everybody take a deep breath uh and then
my favorite part is the Trump media uh
asset that he's now theoretically has
over $3 billion I love that s okay so
one thing at a time a lot of mainstream
media don't give you honest news we do
you know why because of you paid
membership on YouTube makes all the
difference hit the join button below and
you become the hero that sustains Us
number one um you remember back in 2016
Donald Trump claimed that he had $10
billion then in
2021 uh he legally said that he has $4.5
billion
and so if he really has $4.5 billion you
might still have some difficulty getting
500 million in cash because a lot of
people have it locked up in stocks or or
uh real estate Etc that's harder to to
get out but if you have four and a half
billion you probably have a half a
million dollars in cash As Trump is
saying now but I'd like to make a couple
of notes about that number one if you
have it then why are we having this
conversation the law is you're supposed
to give it over and you just said you
have it he so dumb he just can't help
himself why would you say as you're
begging everyone and your lawyer said on
TV you might even be asking foreign
governments for the money you're at to
you have right-wing media begging
right-wing billionaires for the why
would you say you have it then you're in
court saying you don't have it and then
you publicly say that you do have it
it's Donald Trump's lack of intelligence
is immeasurable he's like negative IQ
they and why cuz he can't help himself
self he wants to his whole thing is
self- puffery I'm so rich I have so much
money and that's a stupid game he's been
playing this whole time can I ask you
guys if you guys are Die Hard Maga and
you think oh Jen Buu Trump's right about
everything he's such a demig god of
Truth and honesty wait a minute and he's
such an awesome businessman let's this
think this through because if Trump is
right and you guys are right that he
always tells the truth he had 10 billion
in
2016 4 and a half billion in 2021 how
did this awesome businessman lose five
and a half billion dollars in five
years come on guys anybody who doesn't
think Donald Trump is a hilarious liar
is so detached from reality they're
hopeless we just have to talk to the
sane people in this world to to get to
objective reality here of course he
doesn't have that kind of money and of
course he doesn't have the cash I don't
know what he's going to do here but I do
have what should happen and right now
this is pretty much in the process of
happening I think that have forcing him
to sell all the properties now is is too
Draconian I don't think it's the right
thing to do on the other hand I think
putting leans on the properties meaning
hey if you lose the appeal and you go
all the way through and you've lost the
case then at least we can Seize Your
properties then we have a legal right to
seize your properties then that's fair
because he's got to put up the
collateral so that we know he can pay
this but without bankrupting him now by
making him sell his proper I'm curious
what you guys think about that actually
let's talk about that and I'll save what
I think of trump media in a second
because that is also hilarious okay uh
but Trey what do what do you think about
uh his claims and and and what should
happen to him in that
case uh well first of all I just think
it's fun I I think all the time about
what it must be like to be one of Donald
Trump's lawyers you know what I mean cuz
presumably these people like do their
level best and try to be all you know
stick to the law and present these like
seemingly legitimate and legal reasons
why we can't comply with that request
then later that night Trump while on the
toilet gets on Truth social and it's
like just so everybody knows I can
totally comply with this request I'm
just not going to because the Trump or
because the judge is a hack and an idiot
and I just want to put that out there
and you know the lawy you're is got to
be sitting there like Jesus Christ like
it's got to be so plus you don't get
paid and could end up in jail yourself
so not an enviable job I think and also
I do I like this story because it does
cut right to the heart of his whole like
Persona he is like you know Scrooge
McDuck type rich person or wants
everybody to think he is like he's a
cartoon version of a rich man and that's
how he identifies and it's very
important to him so like something that
hits him in his wallet and makes him
appear to not have as much money as you
know he says he does I do enjoy I get a
lot of shod in Freud from that and uh
you know anything that leads to like
headlines about Trump being broke I'm
all for it I do kind of bristle at that
cuz I come from a long line of broke
people like I'm I'm from old no money
right and it's like he ain't he's not
broke like like I don't know when's the
last time you had to choose between new
tires and a fan belt or like you know
live off of raymen noodles excuse me
ramen noodles and Beany wayy is like
he's not broke he's rich people broke
which is different rich people when
they're broke they can keep playing golf
somehow I don't get I don't get how all
that works but but yeah I know it's got
to be tough for his ego which is why he
can't help but say no I I totally
because you know when he says he's like
I've got I'm the billion billionaire
that ever billion you can't admit to not
having half of only one billion you know
you have to pretend you have it but like
you guys said like if he did then what
where is it what's going why isn't he
you know coming forth why is he actually
producing it so no I don't think he has
it as far as what should happen you're a
far smarter man than me Jank so I'm just
going to defer to your expert that what
you what you call it Lanes yeah lanes
that sounds good I think we should do
that I'm with
you I don't agree that I'm smarter than
you but I hear what you're saying about
the legal options Jordan
yeah well you know we we talked about
the assets earlier and the deadline to
post his bond is on Monday which point
Leticia James can start claiming assets
according to CNN she is already on the
move the New York attorney general's
office has filed judgments in
Westchester County the first indication
that the state is preparing to try to
seize Donald Trump's golf course in
private estate estate north of Manhattan
known as Seven Springs that doesn't
necessarily mean that seizures of the
Westchester properties are imminent but
judgments are the ini step James needs
to Tak take if she plans to seize them
in the future judgment has already
entered in New York City where Trump's
properties including Trump Tower his
Penthouse at Trump Tower 40 Wall Street
his hotel of budding Central Park and
numerous apartment buildings are located
judgments have not been entered yet in
Florida where Mar Lago is located but
some including Republican pollster and
Trump critic Frank lunz think Leticia
James seizing his properties is a
terrible idea take a look if the New
York attorney general starts to take his
homes away starts to seize his assets
it's all going to be on camera pundants
are going to sit there and scream about
this this man cannot be elected you're
going to create the greatest victimhood
of 2024 and you're going to elect Donald
Trump if they take his stuff he's going
to say that this is proof that the
federal government and the establishment
in the swamp in Washington and all the
politicians across the country and the
attorneys generals and all of this that
this is a conspiracy to deny him the
presidency he's gonna go up in the polls
just like he went up every single time
they indicted him I don't understand I'm
almost speechless in how pathetic the
opposition to Trump has been and how
completely misguided and this is a
perfect example of it so Jen is is Frank
luns right
here
Republican poster they're probably the
top poster on their side in my lifetime
uh but he does not like Donald Trump and
does not want him to win uh so with that
caveat uh but uh look his I've been
stunned by how pathetic uh Trump's
opposition is all of this time I mean
they're so so bad at running against him
so bad at holding him accountable and
part of the reason for that I could
explain which is that the Democratic
Leadership has such an establishment
mindset that they cannot relate to the
average guy so they can't see what the
average guy was going to get mad about
and number one thing is they don't get
that the average guy is mad about them
right and so they keep going in the
wrong direction so okay but how does
that play into this well uh if you uh
put Lans on his properties as I'm
suggesting you're not actually taking
them and selling them now which has much
worse Optics but you have the ability to
sell them if he loses the appeal that is
both more fair and will have better
Optics but knowing you know how Democrat
establishment group thing is and Leticia
James is roughly part of that group
think and and she's being encouraged by
other pundits on cable news and other uh
politicians in the Democratic party they
kind of want that shot and fr that Trey
was talking about so they want to see
his houses taken away but then he's
going to get to say look at the
Communist taking my property I the case
isn't even over yet yeah I lost the
first round but I have appeals coming up
and that's going to resonate with people
and if you sell his properties now
they're going to be sold in a fire sale
so something that could have gotten $150
million maybe gets you know 85 million
well that money's gone then the differ
let's say it was round numbers could
have gone for 150 went for 100 that $50
million you the state can't recover
Trump can't recover it's gone so I think
it's a really bad idea to sell the
properties uh both politically and in
terms of uh po as well so regrettably I
think Lun is right and the Democrats
just can't see straight anything that
attacks Trump they think is good but
that's not necessarily the case you have
to actually be smarter about how the
politics of this plays out so I do want
to go back to the thing that I promised
about Trump media guys they say the
company now that it's going to it looks
like it's going to go forward and is
perfect that he made a deal with a blank
check company that's exactly the kind of
deal that Trump would want to make that
the company itself was going to be worth
six billion uh and that Trump owns 58%
of it that's why he's going to have over
$3 billion that is very unlikely but
there there is a narrow window where it
is possible so the stock is hilariously
overvalued I mean it is I've never seen
a stock more overvalued in my life this
thing's worth $6 billion it has one
asset right now true social do you know
what true social did in the third
quarter of this year or of last
year so that's a quarter of the year
they made $1.1
million in
revenue and that company's worth 6
billion hilarious hold on it gets way
worse that's Revenue how about profits I
mean if you made 1.1 million you you
probably don't have that many that much
profits right no way worse they lost $26
million in one quarter so he's on Pace
to lose you know over 80 million for the
year and that company's worth $6
billion
no no I want to explain to you guys and
especially if you're Mega if you're ever
going to listen to me on anything this
should be it it's a suckers play so they
want to introduce it publicly have all
of you guys buy the stock have it be
super overinflated and within six months
management and perhaps including Donald
Trump and the shareholders can start
selling their stock so they'll sell
their stock like crazy and it'll crater
it's not worth anything it's run by
Donald Trump one of the dumb people in
America he's gone bankrupt six different
times he's almost never succeeded in any
business he's ever run and it's already
losing about 80 million a year with no
hope of ever turning it around so he's
not he the only way he gets any of that
money is if they could just hold on for
six months while magga suckers buy the
stock and no one else then the rest of
the market will short the crap out of it
it'll collapse so quick and so
overwhelmingly okay I will this is the
type of thing that I would bet any money
on okay that the chance of that
company's survival and turning a profit
is zero it's not near zero it's zero so
let's see if I'm right or wrong we'll
see that's the beauty of all this guys
so Trump says he's got the half a
billion dollars well he has to put up
the bond on Monday so we'll find out
won't we and you'll get to see with your
own eyes and if 10 years from now you
know Trump media is still running strong
and Trump got billions of dollars from