Trump went bankrupt 6 times, and I finally understand today! Today, let's talk about Trump's interesting past. While watching Trump fight the tariff war, While silently flipping through his bankruptcy resume ——Wow, this guy is like a lifelong VIP member on a debt roller coaster. From 1991 to 2020, his company applied for bankruptcy protection six times, and every time he was able to fool creditors, labeling himself as a "bankruptcy veteran driver" and continuing to operate recklessly. Trump's bankruptcy history can be called "on how to make creditors pay gracefully", perhaps this is the live version of "The Art of Trading". 🔺 The story also starts from the "Iron Triangle" of Trump's bankruptcy and the three casinos in Atlantic City. I wonder whether Trump recalled the memory of his first bankruptcy when he visited the Taj Mahal. In 1990, when the "Taj Mahal Casino" opened, Trump built the "eighth wonder of the world" with 14% usury (of course, Trump claimed it). As a result, a year later, $3 billion of debt directly overwhelmed the casino, and Trump was forced to sell yachts and aircraft. A wonderful turning point came when this old man handed over all the 830 million yuan debt he had personally guaranteed to the company, pressed the creditors to the negotiation table to "voluntarily" convert debt into equity, and himself received several million yuan in annual salary from the casino - someone else's bankruptcy was like jumping off, his bankruptcy was like jumping onto a gilded helicopter. 🔺 Then, in 1992, Trump ushered in two consecutive breakdowns. The Trump Plaza Hotel and Castle Casino were thundering at the same time for the same reason: "too much borrowing, too little earning". With the experience of bankruptcy for the first time, Trump spent more time in this game: He transferred 49% of his equity to six banks and sold the hotel to a Saudi prince, continuing to flaunt his CEO title - but this time without receiving a salary. What is bankruptcy? I think it's clearly a 'creditor poverty alleviation plan'! In the next two decades, Trump played Chapter 11 of the Bankruptcy Law as a secret for customs clearance (allowing enterprises to develop restructuring plans to repay debts while continuing to operate). 🔺 In 2004, Trump Hotels&Casinos Resorts went bankrupt with $1.8 billion in debt, and Trump transferred his equity to bondholders. 🔺 In 2009, Trump Entertainment Resorts went bankrupt with $531 million in debt due to the financial crisis. Trump resigned as chairman and reduced his stake to 10%. 🔺 In 2014, Trump Entertainment Resort filed for bankruptcy for the third time, and its final assets were sold or closed. 🔺 In 2020, the Trump Hotel in Vancouver, Canada went bankrupt due to operational difficulties. Upon closer inspection, these six consecutive breakthroughs are all familiar formulas: Dare to borrow 14% interest rate junk bonds, dare to poke a 3 billion hole, and dare to resort to the trap of competing for customers in their own casinos. I can rely on real estate to make a living, but I insist on all in the casino; Even though the cash flow is running low, they still dare to boast about "slot machines on fire" on CNN's "Larry King Live". This gambler style operation coupled with narcissistic personality, no wonder Trump has become a live advertisement of Bankruptcy Law - after all, ordinary businessmen should stop after breaking twice, and only Trump can practice artistic signature on bankruptcy documents while going bankrupt. Now that this' God of Bankruptcy 'has taken over the White House, the tariff stick is being wielded even more fiercely than when borrowing high interest loans. Back then, they targeted bank creditors, but now they target American farmers and consumers; Back in the day, the casino could still blame its employees for losing money, but now the widening trade deficit is directly making the entire population pay for it. And Trump's latest tariff parity can be described as the super power enhanced version of Taj Mahal Casino 3.0- knowing that it will trigger an earthquake in the global supply chain, we also want to bet on the American National Games: Will the tariff war collapse the US stock market? Then bet that the Federal Reserve will unleash its full firepower! Infinite QE floods flood the sky, lowering the US dollar exchange rate and enhancing the price advantage of American manufacturing! But Trump has played too much this time. I'm afraid that not only several casinos are facing bankruptcy liquidation, but the entire American economy - who can let Trump play debt transfer this time? To sum up, Trump's business philosophy consists of twelve words: There is no need to worry about debt, no need to pay taxes, and no need to bear the burden.