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How Donald Trump Escape From Bankruptcy ? 5/5 (100%) 2 votes

TRUE STORY .. Mr. Donald J. Trump remain as chairman and CEO of Trump Organization and continue to collect a $2 million dollar paycheck. So…how does a CEO decide to file for bankruptcy twice and still come out at the top of the heap?trump

No Personal Involvement

First, Trump doesn’t get personally involved. He knows how to protect his personal finances. In both instances, Trump’s corporations have filed for bankruptcy; but not personally. Therefore, when his casino fell into about a billion dollars in debt. Trump only made the decision to do so once he had spoken to his banks and bondholders.

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Another “Pay-As-You-Go” concept. Such a system does not create savings, which means when inflation and or interest rates are above zero, money is essentially lost. With our demographic upheaval of worker to retiree ratios, it became a Ponzi Scheme. Someone is left holding the bag when the cash runs out; as things stand, that means everyone under 50.charles-ponzi

When Social Security starts paying out more than it takes in, whether it be 2012, 2015, or a few years later, the system will be running a deficit in real terms because the trust is virtual.   If you put $10,000 in the bank, take it all out for some home repair and maybe a few weekends in Vegas, that money is gone, IOU or no.   If you write an IOU to yourself to replace that ten-grand, and you stick to your word, you still have to come up with the money somewhere…that original 10k, again, is already gone.   The Social Security Ponzi Scheme thus was a not-so-elaborate method of shoveling trillions of dollars into the mouths of politicians and out onto their pet projects…original intention aside.

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Many people have heard the saying that cash flow is king in the business world. The fact of the matter really is that cash flow is one of the most important aspects of a successful business if not the most important one. Cash flow is what keeps the financial markets all over the world functioning and making progress. It is essential that your business have proper cash flow and a good understanding about how to make this happen.

moneyman

Business doesn’t happen until goods or services exchange hands and money of some kind is offered in return. This is the basic cash flow process. A service is offered and a monetary exchange is enacted to secure the transaction. If this process isn’t completed, then no business can function properly and progress in the business world would stop. Many businesses put more stress on profits than on cash flow and this is one of the biggest reasons that new businesses fail. It doesn’t matter how much profit you make on a sale or shipping a crate of your products if there isn’t any kind of money flowing through the system.