TRANSCRIPTEnglish

Donald Trump Filing for Bankruptcy [Election 2024] $464 Million Dollar Bond Strategy.

15m 39s2,720 words398 segmentsEnglish

FULL TRANSCRIPT

0:00

Laticia James is ready to seize Donald

0:02

Trump's assets his plane his real estate

0:05

his Vehicles his businesses his rents

0:08

virtually everything if Donald Trump

0:11

doesn't post his $464 million Bond due

0:15

Monday March 25th

0:17

2024 which is already on extension now

0:21

Donald Trump has declared on Truth

0:23

social that he presently has about $500

0:26

million in cash available the problem is

0:30

cash available is different from cash

0:34

free and available let me explain that

0:38

from a finance point of view and then

0:40

explain why Donald Trump's best choice

0:43

might be to declare bankruptcy and no

0:47

this is not a bad thing for Donald Trump

0:50

even though it might sound like it's a

0:51

bad thing for Donald Trump it could

0:53

actually be the best most strategic move

0:57

Donald Trump could make and let's be

0:59

real he's not unfamiliar with bankruptcy

1:02

having utilized the strategy four times

1:04

in the past so let's first analyze cash

1:09

the problem with cash is even if you

1:11

have $500 million of cash available you

1:15

always from a finance point of view have

1:16

to ask available for what see businesses

1:20

have what are known as current

1:22

liabilities they have cash to cover

1:24

operating expenses for things like pay

1:27

well payrolls for individuals working at

1:30

golf courses golf course staff kitchen

1:32

staff Hotel staff Administration staff

1:35

lawyers contractors handy folks utility

1:40

bills and loan payments so the real

1:43

question is what is Donald Trump's free

1:48

and available cash see available cash is

1:51

one bucket but free and available is

1:54

something that's not encumbered by bills

1:57

that you got to pay you got a bunch of

1:59

look if you you got $5,000 of bills

2:01

sitting on your desk you got $5,000 in

2:04

your check-in account you don't have

2:05

$5,000 for a vacation you got $5,000 of

2:09

cash available to pay for $5,000 of

2:11

bills and then you back to freaking zero

2:13

in this damn economy okay that it means

2:17

you have $5,000 in cash but it's not

2:19

really free and available right now I'm

2:22

not saying that Donald Trump doesn't

2:23

have $500 million of free and available

2:25

cash I don't know none of us do but

2:28

here's why I believe that filing chapter

2:30

11 bankruptcy specifically for his $464

2:35

million Bond payment that is due now

2:39

essentially in his business fraud case

2:41

in New York this is a potential out for

2:46

him how because chapter 11 is a

2:49

corporate bankruptcy chapter and it does

2:52

not mean that Donald Trump has to stop

2:55

running his businesses see the beautiful

2:57

thing about chapter 11 bankruptcy is it

2:59

in Ables corporations to continue to

3:02

operate because you don't want the

3:04

damage of the corporations to get worse

3:06

so what is chapter 11 allow you to do it

3:09

enables something known as deor in

3:12

possession it essentially means that

3:14

Donald Trump could stay the seizure of

3:18

his assets while continuing to operate

3:20

his businesses business as normal paying

3:23

his other loans and current obligations

3:25

payrolls staff make sure people don't

3:28

get laid off make sure the business

3:30

doesn't collapse because the worst case

3:32

scenario is the business collapses and

3:34

then you definitely can't pay any debts

3:36

because you go into chapter 7

3:38

liquidation bankruptcy that's bad

3:41

chapter 11 is more whoa whoa whoa whoa

3:44

if one thing comes in and this goes

3:46

through like that $464 million Bond

3:49

payment everything collapses so let's

3:52

freeze everything keep the business

3:54

operating as normal freeze the seizures

3:58

and let's debate if these seizures are

4:00

even valid in the first place that is

4:04

what's done through the chapter 11

4:05

bankruptcy process a process that quite

4:08

frankly usually takes years now there

4:12

are some downsides with this one of the

4:14

downsides could be that generally a

4:16

bankruptcy trustee is assigned this is

4:19

essentially somebody that the court

4:21

appoints to make sure that the business

4:23

is still being operated in a way that

4:26

would minimize damage to potential

4:30

collectors in bankruptcy court however

4:33

even assigning a trustee would likely

4:36

take months for something as complicated

4:39

as Trump's case probably 6 months to

4:42

maybe even a year just to find a proper

4:45

trustee who could actually supervise

4:48

Donald Trump's various different

4:50

businesses so I don't actually see a

4:52

bankruptcy trustee being an issue

4:54

because even that alone gives Donald

4:57

Trump what he needs most

5:00

time so when people argue that oh but if

5:03

Trump files chapter 11 there'll be a

5:04

bankruptcy trustee so it'll still buy

5:08

him time now some people argue oh no no

5:11

no Trump wouldn't file bankruptcy

5:13

because that would wave attorney client

5:16

privileges no that is uh neither that

5:19

easy nor is it automatic in chapter 11

5:23

bankruptcy cases yes attorney client

5:24

privileges can be waved if those

5:27

attorney client privileges are being

5:29

utilized to further a fraud in other

5:32

words if a fraud is ongoing and the

5:34

attorney is sort of conspiring with the

5:36

client to keep the fraud going yes you

5:38

could pierce the corporate or the

5:40

attorney client privilege Veil so to

5:42

speak just like you can also separately

5:44

Pierce a corporate veil that's a

5:46

separate

5:47

topic but it would be argued here that

5:50

Donald Trump and his attorneys are

5:52

simply trying to prevent a bankruptcy

5:56

from actually getting worse by

5:59

immediately having to pay cash for this

6:01

bond which would potentially collapse

6:03

businesses and so the chapter 11

6:05

bankruptcy protection might actually be

6:09

deemed justified in coming up with some

6:11

form of payment plan or something that

6:14

wouldn't potentially collapse businesses

6:16

or sell real estate at the bottom of a

6:18

real estate cycle where office real

6:20

estate is devastated right now therefore

6:23

it's

6:24

unlikely trustee assignment would be a

6:26

downside for Trump it's

6:28

unlikely that the piercing of a attorney

6:31

Clan privilege would actually occur

6:33

instead it is most likely that filing

6:34

chapter 11 bankruptcy would give Donald

6:37

Trump exactly what he needs and this is

6:39

why I believe Donald Trump will do

6:41

exactly this Donald Trump needs one

6:44

thing and one thing only folks he needs

6:48

time no he doesn't need life insurance

6:52

though I always recommend everybody

6:53

watching my videos make sure they get

6:55

their life insurance which you can

6:56

actually get in as little as 5 minutes

6:58

just go to met Kevin me KV i n.com slife

7:04

and you can get life insurance in as

7:05

little as 5 minutes you can Apple pay or

7:07

Android pay for it and it's what Lauren

7:09

and I use my wife and I and it's amazing

7:12

so swipe up get life insurance in as

7:14

little as 5 minutes and then you can go

7:15

home to your spouse or your family and

7:17

say finally got it it's not even that

7:19

expensive it was like very very very

7:22

cheap on a daily basis for us and we're

7:23

like What $5 million policy that cheap

7:27

sign up baby easy mode

7:30

no Donald Trump doesn't need life

7:31

insurance probably already has that but

7:33

if he doesn't he should use this company

7:36

paid sponsorship Donald Trump needs time

7:39

there are few reasons Donald Trump needs

7:40

time one of the reasons Donald Trump

7:42

needs time is to achieve the appeal that

7:45

he is looking for and success on his

7:47

appeal for his business fraud case

7:49

winning an appeal would eliminate the

7:51

need for him to pay the bond because the

7:53

case would get thrown out or set up for

7:55

retrial obviously subject to the

7:57

potential risk of being deemed like case

7:59

of Double Jeopardy but that's a topic

8:01

for a different video as well now Donald

8:03

Trump has already secured a bond for his

8:06

personal defamation case against Jean

8:08

Carroll that's following her allegations

8:10

of sexual assault which of course Donald

8:13

Trump called fake news and so on and so

8:14

forth Donald Trump secured about a $91

8:17

million bond for this that's already

8:19

done that's handled but winning an

8:21

appeal on his business fraud case would

8:23

eliminate the need to pay a $464 million

8:25

bond that would be nice for Donald Trump

8:28

so each time to get that appealed

8:30

process which could take one to two

8:32

years conveniently as long as chapter 11

8:34

bankruptcy might take the second reason

8:36

Donald Trump needs time is because

8:38

Donald Trump could get a potential

8:40

multi-billion doll

8:43

windfall when and if he's actually able

8:46

to liquidate shares in the Trump Media

8:49

Group the Trump Media Group is going

8:51

public via something fancy known as a

8:53

reverse merger it's merging with this

8:56

ticker symbol d w a c that's a blank

8:59

check company that is taking the Trump

9:02

uh Media Group

9:03

public and this after about 6 months

9:07

after the merger date that's called post

9:09

lockups in the finance world after that

9:12

Donald Trump might be able to actually

9:14

sell shares on the public market that is

9:18

in English basically 6 months after the

9:21

merger completes Donald Trump might be

9:22

able to

9:24

go swipe up baby and sell stocks okay he

9:29

could potentially sell billions of

9:31

dollars of stock in this particular

9:33

ticker symbol it's called dwac now back

9:36

when this ticker was worth over

9:38

$150 I actually went on Newsmax while I

9:41

was running for governor in California

9:43

and Newsmax is like Kevin you're talking

9:45

crap about Gavin Nome come on our show

9:47

so I regularly went on their show and I

9:50

told them wac won't stay at $150 it's

9:53

going back to 10 sure enough it did go

9:56

back to 10 that was not being anti-trump

9:58

it was simply

10:00

understanding the spa world now there's

10:02

a problem with this this is why I'm

10:04

bringing this up I do not think that

10:06

this valuation for dwac will sustain

10:10

itself long enough for Donald Trump to

10:12

actually sell billions of dollars worth

10:14

of shares however there is a chance and

10:17

so if Donald Trump can get through the

10:19

next 6 months after a merger and he

10:21

could start selling shares here and

10:23

there's enough liquidity for him to do

10:24

it on the market again I don't think

10:26

there will be but if there is he'll

10:28

actually be able to C

10:30

like essentially get a lot of money from

10:32

this ticker symbol going public so again

10:36

he needs time for that likely at least 6

10:39

to eight months the third thing he needs

10:42

time for is to become president because

10:44

if Donald Trump becomes president he

10:46

could potentially pardon himself he will

10:48

likely do that now that is untested

10:50

legally but again it will set up another

10:52

Court fight which again will give him

10:54

more time for his appeal to go through

10:56

or for D to make him a lot of money by

10:59

the way this stock trading app right

11:01

here which I like to trade stocks on I

11:03

post all my Buy sell alerts in the

11:04

stocks PSY and psychology of money

11:06

course link down below at me kevin.com

11:08

but this app I just want to shout out uh

11:10

this is known as Weeble if you don't use

11:12

it yet you really should you could get

11:14

up to $33,000 of free stock if you sign

11:16

up just go to metkevin.com Weeble and

11:18

you can sign up for it I love watching

11:20

it especially I love watching and

11:22

playing Ta on bitcoin mostly because I

11:24

think it gives me kind of a heads up of

11:26

what's going on in the market the next

11:27

day anyway Democrats say that Donald

11:30

Trump filing bankruptcy would be

11:32

horrible for Donald Trump I actually

11:34

highly agree with it or disagree with

11:35

this I actually think filing bankruptcy

11:38

via chapter 11 would be very powerful

11:40

for Trump because Donald Trump would be

11:42

able to argue look we are going to use

11:44

the law to fight in of course his point

11:47

of view evil Donald Trump is going to

11:49

use the law to fight Leticia James he's

11:52

going to use the law to continue

11:54

operating his business for at least a

11:56

couple more years and at the same time

11:59

he's going to take Leticia James to

12:01

court and make her fight for it because

12:03

I could see him saying something like

12:05

this look at America an American

12:08

entrepreneur businessman your former

12:11

president needs to go bankrupt because

12:14

somebody who wanted to get Trump is

12:17

succeeding in New York courts well we're

12:21

not going to let him get it that easily

12:23

Maga election interference this is a

12:26

tool to fight Leticia James I want to be

12:30

clear please consider that this phrase

12:32

that I came up with is just a phrase

12:34

that I think Donald Trump might consider

12:35

using he would have different language

12:37

for it I know that but I I'm I'm trying

12:39

to be as unbiased as possible here in

12:41

saying and acknowledging this

12:43

possibility because I predict that this

12:46

is exactly what Donald Trump is going to

12:47

do now not all of my predictions work

12:49

out I do try to make predictions that I

12:51

think are likely to happen I think this

12:53

is not only likely but I think this is

12:56

probable now there is also a chance that

12:59

Donald Trump somehow comes up with a

13:01

bunch of money through third party

13:02

backers or other you know groups that

13:05

end up wanting to guarantee that Donald

13:06

Trump will pay this money and basically

13:08

be the bond for him he's already tried

13:10

30 different bond companies none of that

13:11

has worked the last thing he wants is to

13:13

see seizures he doesn't want his play

13:15

and seized his business is seized that

13:16

would be even worse he does not want to

13:18

see the rents of his portfolio get

13:20

seized he does not want to see that

13:22

bankruptcy by a chapter 11 does not mean

13:24

he is bankrupt means he's in the

13:25

bankruptcy process those proceedings

13:29

take years and again what does Donald

13:32

Trump need time he needs time and by

13:36

winning time what does Donald Trump get

13:38

to do greater likelihood of making it to

13:41

the election which means he could

13:43

potentially pardon himself if he wins

13:45

truth socialist back gives him money or

13:47

the appeals case goes through he needs

13:49

time he doesn't have time right now the

13:51

deadline is now so he must file Chapter

13:54

11 that's my opinion I actually think

13:56

it'll be politically powerful for him

13:58

although of course Democrats will rail

14:00

against him and again my goal here on

14:03

this channel is to be as politically

14:04

neutral as possible I understand that is

14:06

very difficult to do in today's day and

14:08

age but that's my goal I also like to

14:10

break down my thoughts over at ec.com

14:12

and of course when I send alerts for

14:15

trading stocks it's always in the stocks

14:17

and psychology of money group they do

14:19

also check out the gold course which is

14:21

really good there's a whole AI

14:22

productivity segment on that all of my

14:24

courses over at eag.com including my Ser

14:27

millionaire real estate investing

14:28

courses thank you so very much for

14:29

watching get that life insurance get

14:31

those free stocks everything is linked

14:33

down below and we'll see you in the next

14:35

one goodbye thanks so much advertising

14:38

these things that you told us here I

14:39

feel like nobody else knows about this

14:41

we'll we'll try a little advertising and

14:42

see how it goes congratulations man you

14:44

have done so much people love you people

14:45

look up to you Kevin PA there financial

14:48

analyst and YouTuber meet Kevin always

14:50

great to get your

14:51

take even though I'm a licensed

14:53

financial adviser licensed real estate

14:54

broker and becoming a stock broker this

14:56

video is not personalized advice for you

14:58

it is not tax legal or otherwise

14:59

personalized advice tailored to you this

15:01

video provides generalized perspective

15:02

information and commentary any third

15:04

party content I show shall not be deemed

15:06

endorsed by me this video is not and

15:08

shall never be deemed reasonably

15:09

sufficient information for the purposes

15:11

of evaluating a security or investment

15:13

decision any links or promoted products

15:14

are either paid affiliations or products

15:16

or Services we may benefit from I also

15:18

personally operate an actively managed

15:20

ETF I may personally hold or otherwise

15:22

hold long or short positions in various

15:24

Securities potentially including those

15:26

mentioned in this video however I have

15:27

no relationship to any isss iser other

15:29

than house Haack nor am I presently

15:31

acting as a market maker make sure if

15:32

you're considering investing in house

15:33

Haack to always read the PPM at

15:35

house.com

UNLOCK MORE

Sign up free to access premium features

INTERACTIVE VIEWER

Watch the video with synced subtitles, adjustable overlay, and full playback control.

SIGN UP FREE TO UNLOCK

AI SUMMARY

Get an instant AI-generated summary of the video content, key points, and takeaways.

SIGN UP FREE TO UNLOCK

TRANSLATE

Translate the transcript to 100+ languages with one click. Download in any format.

SIGN UP FREE TO UNLOCK

MIND MAP

Visualize the transcript as an interactive mind map. Understand structure at a glance.

SIGN UP FREE TO UNLOCK

CHAT WITH TRANSCRIPT

Ask questions about the video content. Get answers powered by AI directly from the transcript.

SIGN UP FREE TO UNLOCK

GET MORE FROM YOUR TRANSCRIPTS

Sign up for free and unlock interactive viewer, AI summaries, translations, mind maps, and more. No credit card required.