[Marxism] Fwd: The Month of Trump « LRB blog

Louis Proyect lnp3 at panix.com
Thu Feb 16 16:57:39 MST 2017


It is known that Trump is billions of dollars in debt. He can’t sell his 
assets as presidents normally do – even Jimmy Carter sold his peanut 
farm – because he needs the income from rents and branding licences to 
pay the interest on his loans. As the large American banks have refused 
for years to lend him money, it is presumed that Russian oligarchs are 
holding a great deal of that debt (as is the state-owned Bank of China, 
the biggest commercial tenant in Trump Tower, where the Department of 
Defense is also now renting a floor, profitably for Trump and 
conveniently for Chinese hackers). For their part, the Russians are 
losing billions on the oil sanctions, which Clinton was unlikely to 
lift. Not coincidentally, ex-Exxon CEO Rex Tillerson, decorated with 
Russia’s Order of Friendship and opposed to the sanctions, has become 
secretary of state.

full: 
https://www.lrb.co.uk/blog/2017/02/16/eliot-weinberger/the-month-of-trump/



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