Tag Archives: news

So Much About Being a Genius!

21 Thursday Mar 2024

Posted by in General

≈ Leave a comment

Tags

, , , ,

On Monday March 18, Donald Trump’s lawyers revealed that Trump had failed to secure the $464 million appeals bond he needs to avoid paying the half-billion-dollar penalty as he appeals the New York civil fraud judgment against him. Securing the bond was a “practical impossibility… about 30 different bond companies having turned down Trump’s request, in part because very few will consider a bond of anything approaching that magnitude, and the rest will not accept hard assets such as real estate as collateral,” they said.

Trump is running out of time.

Unless Trump is able to obtain an appeals bond before then, New York Attorney General’s office plans to collect from Trump on Monday, March 25. As soon as March 25, New York prosecutors and law enforcement could initiate a wide-ranging action to freeze and then seize Trump’s assets.

Forbes estimates that Trump has about $400 million of cash and liquid securities, some of that money being already encumbered. Earlier this month, Trump obtained a $91.6 million appeals bond for the second New York civil judgment against him for defaming and sexually assaulting E. Jean Carroll. Those same funds cannot be used to collateralize a second bond. Trump needs collateral of $557 million to post the $464 million bond.

Trump is facing a liquidity crisis.

Over $540 million in legal fines currently weigh on Trump, threatening to deplete his $400 million estimated cash reserves and force him to sell or borrow against his real estate empire. It is a well-known fact that Trump could have easily avoided his actual $540 Million cash crunch. There are two viable paths that would have saved him a lot of lifelong headaches, not to mention money.

Trump could have simply invested the estimated $400 million inheritance he received from his father in 1999. Or, in 2017, he could have divested his business empire when he became president in January 2017, and simply reinvested the proceeds in the stock market.

In both cases, if the billionaire ex-president had made this one move years ago, he would be much richer and more liquid today. He may even have avoided the $450 million bill for lying about his assets. In 2017, if Trump had diested and reinvested, Trump would likely be at least $2 billion richer. If he had invested his inheritance, it would have boosted his fortune by at least $1 billion.

In short, Donald Trump is in a financial bind today not just because he committed financial fraud on an enormous scale, sexual abuse, and defamation. He is also here because his business empire has not kept up with the markets.

So much about being a genius!

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link

J. Michael Dennis, ll.l., ll.m.

Business & Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

So Much About Being a Genius!

21 Thursday Mar 2024

Posted by in Trump

≈ Leave a comment

Tags

, , , ,

On Monday March 18, Donald Trump’s lawyers revealed that Trump had failed to secure the $464 million appeals bond he needs to avoid paying the half-billion-dollar penalty as he appeals the New York civil fraud judgment against him. Securing the bond was a “practical impossibility… about 30 different bond companies having turned down Trump’s request, in part because very few will consider a bond of anything approaching that magnitude, and the rest will not accept hard assets such as real estate as collateral,” they said.

Trump is running out of time.

Unless Trump is able to obtain an appeals bond before then, New York Attorney General’s office plans to collect from Trump on Monday, March 25. As soon as March 25, New York prosecutors and law enforcement could initiate a wide-ranging action to freeze and then seize Trump’s assets.

Forbes estimates that Trump has about $400 million of cash and liquid securities, some of that money being already encumbered. Earlier this month, Trump obtained a $91.6 million appeals bond for the second New York civil judgment against him for defaming and sexually assaulting E. Jean Carroll. Those same funds cannot be used to collateralize a second bond. Trump needs collateral of $557 million to post the $464 million bond.

Trump is facing a liquidity crisis.

Over $540 million in legal fines currently weigh on Trump, threatening to deplete his $400 million estimated cash reserves and force him to sell or borrow against his real estate empire. It is a well-known fact that Trump could have easily avoided his actual $540 Million cash crunch. There are two viable paths that would have saved him a lot of lifelong headaches, not to mention money.

Trump could have simply invested the estimated $400 million inheritance he received from his father in 1999. Or, in 2017, he could have divested his business empire when he became president in January 2017, and simply reinvested the proceeds in the stock market.

In both cases, if the billionaire ex-president had made this one move years ago, he would be much richer and more liquid today. He may even have avoided the $450 million bill for lying about his assets. In 2017, if Trump had diested and reinvested, Trump would likely be at least $2 billion richer. If he had invested his inheritance, it would have boosted his fortune by at least $1 billion.

In short, Donald Trump is in a financial bind today not just because he committed financial fraud on an enormous scale, sexual abuse, and defamation. He is also here because his business empire has not kept up with the markets.

So much about being a genius!

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link

J. Michael Dennis, ll.l., ll.m.

Business & Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

BITGET REVIEW 2024

27 Saturday Jan 2024

Posted by in Cryptocurrencies Exchange

≈ Leave a comment

Tags

, , , , ,

Founded in 2018, Bitget is a leading cryptocurrency exchange with various trading products, including copy trading, margin trading, and commission-free spot trading.

You cannot deposit Canadian dollars (CAD) directly, but you can deposit crypto for free, use a third-party bank transfer service or pay with a credit or debit card. Basically, you can but crypto via Canadian crypto exchange and then transfer it to Bitget.

Bitget is a reputable global crypto exchange available in most countries excluding the US, UK, Canada, and sanctioned countries. Bitget is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders. Notably, Bitget stands out with its competitive trading fees of just 0.1%, which can be further reduced by paying with their token BGB.

While deposits in cryptocurrency are free, purchasing crypto with CAD requires a debit card or a third-party bank transfer service like Banxa. For this reason, using Bitget’s P2P marketplace is recommended where you can buy USDT in Canada with Interac e-transfer commission free and use it for trading crypto on the platform.

Compared to Bitbuy, it offers over 1000 cryptocurrency coins, so it is the perfect choice for people who like to invest in altcoins. While its platform is certainly not for beginners, once you get used to the advanced interface, Bitget offers so much that you will probably never look at another exchange again.

Pros: 

  • Good for Canadians looking to buy and trade altcoins
  • Extremely Low trading fees
  • DEX/P2P trading
  • Advanced order types
  • Margin trading
  • Futures trading
  • Stock token trading
  • 1000+ coins
  • Simple or advanced interface

Cons: 

  • Not beginner-friendly
  • No FINTRAC registration in Canada
  • Not available in Alberta

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

BITGET REVIEW 2024

17 Wednesday Jan 2024

Posted by in Canadian Crypto Exchanges

≈ Leave a comment

Tags

, , , , , , ,

Founded in 2018, Bitget is a leading cryptocurrency exchange with various trading products, including copy trading, margin trading, and commission-free spot trading.

You cannot deposit Canadian dollars (CAD) directly, but you can deposit crypto for free, use a third-party bank transfer service or pay with a credit or debit card. Basically, you can but crypto via Canadian crypto exchange and then transfer it to Bitget.

Bitget is a reputable global crypto exchange available in most countries excluding the US, UK, Canada, and sanctioned countries. Bitget is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders. Notably, Bitget stands out with its competitive trading fees of just 0.1%, which can be further reduced by paying with their token BGB.

While deposits in cryptocurrency are free, purchasing crypto with CAD requires a debit card or a third-party bank transfer service like Banxa. For this reason, using Bitget’s P2P marketplace is recommended where you can buy USDT in Canada with Interac e-transfer commission free and use it for trading crypto on the platform.

Compared to Bitbuy, it offers over 1000 cryptocurrency coins, so it is the perfect choice for people who like to invest in altcoins. While its platform is certainly not for beginners, once you get used to the advanced interface, Bitget offers so much that you will probably never look at another exchange again.

Pros: 

  • Good for Canadians looking to buy and trade altcoins
  • Extremely Low trading fees
  • DEX/P2P trading
  • Advanced order types
  • Margin trading
  • Futures trading
  • Stock token trading
  • 1000+ coins
  • Simple or advanced interface

Cons: 

  • Not beginner-friendly
  • No FINTRAC registration in Canada
  • Not available in Alberta

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.