Careercow Donald J Trump - 45th/47th President of the USA, convicted felon, Epstein bro, Putin simp, serial liar, sore loser, cheat and the Chris-Chan of Presidents. THIS IS NOT A POLITICAL DEBATE THREAD.

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It’s Watergate II, 4K Boogaloo, baby!

New charges have been issued, the story goes like this:

While collecting some of the documents from Mar-a-Lago, the FBI noticed that cctv cameras were present near the storage room, and got a grand jury subpoena to produce the footage [of employees moving boxes of classified documents in order to hide them].

That same day, Trump was told about the subpoena by his lawyer, and almost immediately instructed Walt Nauta, his body man, to go to Florida and delete the footage. Trump also personally calls the pool boy, Carlos DeOliveira and speaks to him for 24 minutes, recruiting him to the conspiracy and promising him legal representation if shit goes sideways.

The two employees checked on the location of the cameras and then went to the IT office and asked the IT guy to delete the CCTV server.

All of this is captured on CCTV that the FBI acquired, which did NOT get deleted.

The timeline for the next bit is not clear to me (it’s part of the original indictment) but apparently realising that the footage had not being deleted, Carlos and Walt then arranged to drain one of the swimming pools into the server room.

 
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How Truth Social is killing Donald Trump's finances and may sink his Presidential bid.

The revelation that Trump is launching a legal defense fund is causing me to want to really delve into this in a long form post. I want to get a few disclaimers out of the way before we get going.


I have no insider information and no sources.


This is speculation based on my 25 years of experience in the tech sector working at times for start ups and also big tech companies. My theory is that Trump is asset rich and cash poor. His businesses are worth a lot of money but they don't make a lot of money. Some don't make any money at all.



In fact some I suspect one loses quite a lot of money. This is where Truth Social comes in. In Trump's FEC filings he indicated he owns 90% of Truth Social and has profited less than $200 on it.



Truth Social is headquartered in Sarasota, FL and has an estimated 40 employees. It is hosted on Rumble's cloud services and Cloudflare handles CDN duties. We know that Devin Nunez, the CEO of Truth Social makes $750,000 a year but I suspect most of the 40 employees have salaries solidly in the six figure range. We can safely estimate that just payroll and benefits for Truth Social run about $10m a year.



We have no way of knowing what the contracts with Rumble or Cloudflare cost but I'm betting it's in the ball park of $10-20m a year. If they know what they are doing. If not it could be much higher. Then they have the contract with the AI firm that scans and moderates Truth Social content.


I have no idea what that costs but I am betting it is quite a lot. I am going to take a generous guess and say $5m a year. All told we are looking at somewhere around $30-50m a year in operating expenses. Which wouldn't normally be a problem but in 2016 when Trump "self funded" his campaign he put in right around $66m dollars. So I'm guessing Trump's free cash flow per year is somewhere around $50-70m.


This sounds slim but manageable right? How did things go wrong? Well things went wrong when Elon decided to buy Twitter. That decision inadvertently destroyed the plans for Truth Social. You see Trump was not supposed to be spending that $30-50m on Truth Social this year. You were.


By that I mean Trump had plans to take Truth Social public and let stockholders fund his social media company. That plan got nuked when Elon bought Twitter and half of the reason for switching to Truth Social evaporated overnight. The plan was to take Truth Social public through an acquisition by the publicly traded company DWAC (Digital World Acquisition Company). That merger was put on hold as soon as it became clear Twitter's users were leaving Truth Social and returning to Twitter.


Truth Social was initially valued at $700m dollars. Not a bad plan all in all. Trump gets a fat paycheck to the tune of about $500m and now a nice base of liquid cash to use to pay for his looming legal defenses and stop gap anything necessary for his Presidential campaign. The dissolution of that plan is causing Trump even more headaches than just the lost payday. He now has numerous regulatory bodies investigating the failed merger from different angles. This is costing a lot money for legal representation. How much? Not sure but I would be willing to bet it is around $10m a year. Now Trump is really tight on his cash flow and he is stuck in a trap of his own making. He can't do what he should do and let Truth Social die.


That would be too much of a PR embarrassment right in the middle of his campaign. He won't drop out of the Presidential race because he sees that as his major lifeline out of legal trouble. He however cannot pay his legal fees and keep Truth Social afloat without selling assets or getting help.



That is why his campaign has funded his legal defense. It's the only way to keep him in the race and Truth Social alive. With these new indictments that probably won't be enough so now we see the legal defense fund getting launched. If the fund doesn't rake in enough money we may see Trump either fold Truth Social or bow out of the race.
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Wake up, more indictments came in.



Former President Donald Trump -- already facing two indictments -- now faces a third set of charges after a grand jury handed up a wide-ranging indictment against him, alleging he undertook a "criminal scheme" to undermine the results of the 2020 presidential election.

Prosecutors say the alleged scheme, which allegedly involved six unnamed co-conspirators, included enlisting a slate of so-called "fake electors" targeting several states, using the Justice Department to conduct "sham election crime investigations," enlisting the vice president to "alter the election results." and doubling down on false claims as the Jan. 6 riot ensued.

The six alleged co-conspirators include several attorneys and a Justice Department official.


The sweeping indictment, based on the investigation by special counsel Jack Smith, charges Trump with four felony counts: conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights.

The indictment alleges that Trump knew that the claims he advanced about the election, specifically in Arizona and Georgia, were false -- yet he repeated them for months.

"Despite having lost, the Defendant was determined to remain in power," the indictment reads. "So for more than two months following election day on November 3, 2020, the Defendant spread lies that there had been outcome-determinative fraud in the election and that he had actually won."



"These claims were false, and the Defendant knew that they were false. But the Defendant repeated and widely disseminated them anyway -- to make his knowingly false claims appear legitimate, create an intense national atmosphere of mistrust and anger, and erode public faith in the administration of the election," reads the indictment.

The former president has been summoned to appear in court on Thursday in Washington, D.C.


The Trump campaign, responding to the indictment on Trump's Truth Social platform, said, "The lawlessness of these persecutions of President Trump and his supporters is reminiscent of Nazi Germany in the 1930s, the former Soviet Union, and other authoritarian, dictatorial regimes. President Trump has always followed the law and the Constitution, with advice from many highly accomplished attorneys."

The charges mark the third time the former president has been indicted on criminal charges, following his indictment last month in the special counsel's probe into his handling of classified materials after leaving office, and his indictment in April on New York state charges of falsifying business records in connection with a hush money payment made to adult film actress Stormy Daniels.

Trump, who has decried the probes as political witch hunts, pleaded not guilty to all charges in both those cases.

In the history of the country, no president or former president had ever been indicted prior to Trump's first indictment in April.

Trump was informed by Smith on July 16 that he was a target in the election probe, in a letter that sources said mentioned three federal statutes: conspiracy to commit offense or to defraud the United States, deprivation of rights under a civil rights statute, and tampering with a witness, victim or an informant.


A grand jury empaneled by Smith in Washington, D.C., has been speaking with witnesses ranging from former White House aides to state election officials. Among those testifying in recent weeks have been former top Trump aide Hope Hicks and Trump's son-in-law and former White House senior adviser Jared Kushner.

Investigators have also been speaking with election officials who are believed to have been part of the failed 2020 effort to put forward slates of so-called "fake electors" to cast electoral college votes for Trump on Jan. 6.

Attorney General Merrick Garland appointed Smith to oversee both the election probe and the classified documents probe, after Trump's announcement in November that he was again running for president triggered the appointment of an independent special counsel to avoid a potential conflict of interest in the Justice Department.
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Ridley said:
Remember kids: if you're a multibillionaire with lots of property & casinos & golf courses & brand deals & a giant legal team who will tolerate frivolous lawsuits for 8 years, then you too could be president some day!
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And you can also apparently get a website's entire subforum to kiss the ground you walk on if you say enough things that sound like they came from /pol//
 
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Too Many Catgirls said:
What ever gets me closer to being able to be a vigilante in the streets. I hope they arrest him.
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Oxyjen said:
Well, that was the stated plan - seize power despite losing, and then crack down on protestors using the military might of the US government by invoking the insurrection act. Full on fascism.

The best coverage of this is of course from MSNBC.

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Not sure if Thunderdome, accelerationist, or just advocating to enjoy the ride.

Also, the judge presiding over this case is an Obama apointee that's gone after 1/6 participants.



Expect the Thunderdome to be pissed.
 
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Oxyjen said:
Well, that was the stated plan - seize power despite losing, and then crack down on protestors using the military might of the US government by invoking the insurrection act. Full on fascism.

The best coverage of this is of course from MSNBC.

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how does the recent record compare with all the war gaming? it seems like they showed their hand with impunity [fwiw i hate both biden & trump]
https://archive.ph/esUK4
https://archive.ph/UNZUu
https://archive.ph/SU14a
https://archive.ph/MhjbK
 
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Trump's ability to inspire fanatical loyalty is the most impressive thing about him. There are people who believe that the Covid vaccines are a part of a depopulation program plan, and even though Trump fast tracked the development of those vaccines, took credit for them, and has told people to take them (met with loud disapproval), they still support Trump.

It's very strange. If Jim Jones had survived Jonestown, would he also have been considered a viable presidential candidate?
 
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