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Is Donald Trump broke?

Is Donald Trump broke?

Released Wednesday, 20th March 2024
Good episode? Give it some love!
Is Donald Trump broke?

Is Donald Trump broke?

Is Donald Trump broke?

Is Donald Trump broke?

Wednesday, 20th March 2024
Good episode? Give it some love!
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Episode Transcript

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0:02

The News Agents USA with Emily

0:04

Maitlis and John Sople. The

0:30

January the 6th hostages. There

0:32

are the October the 7th

0:34

hostages in tunnels in

0:36

Gaza. But the January

0:38

the 6th hostages that are being

0:41

referred to there at a Donald Trump rally in

0:43

Dayton, Ohio, are actually the

0:45

people who have been before a court of

0:47

law, judged by

0:49

a jury of fellow Americans, and

0:52

been found guilty to have

0:54

committed crimes when they stormed

0:56

the Capitol. There is now

0:58

a choir, a prison choir,

1:02

and they have a recording called Justice for All, which

1:05

features January the 6th prisoners singing

1:07

the national anthem intercut with Trump

1:09

reciting the pledge of allegiance on

1:11

the iTunes singles chart. Welcome

1:14

to News Agents USA. Donald

1:23

Trump is still leaning into the

1:25

idea that on January

1:27

the 6th perfectly innocent people did

1:30

nothing wrong and have been wrongly

1:32

convicted by a criminal justice system

1:34

that is stacked against them. When

1:36

anyone can see the videos of

1:38

what happened when a violent mob

1:41

assaulted the Capitol, this had one

1:43

consequence already, which is that

1:45

the Vice President at the time, Mike

1:47

Pence, who remember people were

1:50

chanting, hang Mike Pence, has

1:52

said he cannot support Donald Trump now

1:54

in the 2024 election. And

1:57

you can be sure that whilst Pence may not

1:59

speak for the people, many Republicans. There'll

2:01

be many who will think the same. My

2:04

God, this is a step too far. It's

2:06

interesting, isn't it? So the vice president,

2:08

part of that Trump administration, has said

2:11

he will not endorse Trump. We

2:13

know that Nikki Haley will

2:15

not endorse or vote for Trump. At

2:18

the weekend, we had the Republican Center

2:20

for Louisiana, Bill Cassidy, say that he

2:22

would vote for a Republican, but he

2:24

didn't say that that would be Trump.

2:26

You imagine this ballot in

2:28

November that is full of assortment of

2:31

slightly crazy writing names. It could be

2:33

Abraham Lincoln. It could be Ronald

2:36

Reagan. It could be people feeling that

2:38

they're endorsing an idea rather than the

2:40

candidate. But at the

2:42

weekend, this all took a

2:44

really odd turn because Donald

2:47

Trump was in Dayton, Ohio.

2:49

Ohio, the heartland formerly of

2:51

manufacturing, once more trying

2:53

to be the heartland of the

2:56

car makers unions. And

2:58

Donald Trump had a message which

3:00

was very much about the auto

3:03

industry and about the tariffs that

3:05

he would place on imported cars

3:08

if he became president again. But the phrasing

3:10

he used was pretty triggering to a lot

3:12

of people. Just have a listen. We're going

3:14

to put a 100% tariff

3:16

on every single car that

3:18

comes across the line, and you're not going to

3:21

be able to sell those cars. If I get

3:23

elected, now if I don't get

3:25

elected, it's going to be a bloodbath for the whole,

3:27

that's going to be the least of it. It's going

3:29

to be a bloodbath for the country. That'll be the

3:31

least of it. Now, I think you don't

3:33

have to be a fan of Trump to understand that

3:36

he's using that phrase bloodbath

3:38

metaphorically to talk about the car industry.

3:40

And to be fair, I think you'd

3:42

use it in the way that we

3:45

talk about the financial crash, or we

3:47

talk about things coming tumbling

3:49

down economically if he doesn't get

3:51

his way. The trouble is for

3:53

somebody who has overseen, essentially

3:55

what happened on January the 6th, who has been,

3:58

if not a perpetrator of the violence. then

4:00

the instigator of the movement, bloodbath

4:03

does not sit well. I saw

4:05

the clip on Saturday immediately after

4:07

he spoke, someone had posted it

4:09

and it was just a bloodbath and I retweeted it

4:12

and said, oh, democracy, and got a

4:14

pile in from people saying, you've totally taken

4:16

out of context what he said. I'm going

4:18

to half put my hand up, but only

4:21

half because I think that Donald Trump also

4:23

says that is the least of it. I

4:26

mean, the carpet is that is the least of

4:28

where the bloodbath is going to be if I

4:30

lose the election. And I just think there is

4:32

always the implication there. There is just a

4:35

hint of menace. And I

4:37

think to ignore that would be

4:39

equally negligent because this is the language that

4:41

Donald Trump use. I mean, yeah, you can

4:43

talk about, you know, a rugby match and

4:45

it's kind of the scrum got really rough

4:47

and it was a bloodbath or whatever. It's

4:49

a metaphor. I understand that. But

4:51

I think that Donald Trump uses it in

4:53

a slightly different and wider way to

4:56

talk about the sort of politics

4:58

that might ensue if for

5:00

any reason whatsoever he does not

5:02

win the 2024 presidential

5:04

election. So I think there is

5:06

something that is off colour about

5:08

that. Yes, it was in the context

5:10

of cars, but I think Donald Trump

5:13

intends it to mean something much more

5:15

wide. I think the point about Donald

5:17

Trump's language is that he always goes

5:19

as close to the line and leaves

5:21

just an inch of ambiguity, which is

5:23

filled by, you know, people like us

5:25

trying to work out the nuances of

5:27

something that he knows very, very

5:29

well has taken it to the top

5:31

of the running order. I guess the wider question

5:33

is if we look at what he did over

5:35

NATO, we've spoken exactly about this, Emily. And

5:38

when we met Steve Bannon in Washington a couple

5:40

of weeks ago, you know, he said, if other

5:42

countries pay their full dues in NATO, Donald Trump

5:44

hasn't got a problem. And sure enough, Donald Trump

5:46

has more or less come out and said exactly

5:48

that. And so I think that

5:50

you're spot on. Just get

5:52

it talked about and then you can kind of,

5:55

Donald Trump is being talked about. You can pretend

5:57

everyone else has got confused and you were perfectly

5:59

clear. I mean, that's what he does. So he's

6:01

right when we were talking to Steve Bannon one

6:04

of my first questions was is he threatening to

6:06

pull America out of NATO? If he gets reelected

6:08

Bannon was very clear with us. He said a

6:10

he can't Constitutionally you

6:12

cannot just remove yourself unilaterally from an

6:15

agreement without getting a two-thirds a sort

6:17

of 60% majority Vote

6:20

from Congress, but be he doesn't

6:22

really want to he just wants everyone else to

6:24

get that We are not

6:26

America's responsibility anymore and last night

6:28

He gave an interview to Nigel

6:30

Farage on GB News where he

6:33

essentially confirmed that he wasn't

6:35

gonna pull America out of NATO If

6:37

he's in the job in November, but NATO

6:40

has to treat the US fairly because if

6:42

it's not for the United States NATO Literally

6:45

doesn't even exist, but they

6:47

took advantage of us like most countries do Okay

6:50

I mean this is being used in Brussels as we've

6:52

got to have a European defense force Even

6:54

talk of Brussels having a nuclear weapon Let's

6:57

just try and get somewhere on this

7:00

if they start to pay their bills properly

7:02

and the club is fair Our

7:04

places like Poland defended will America

7:06

be there? Yeah, but you know

7:08

the United States should pay

7:11

its fair share Not everybody else's fair share.

7:13

No fair enough I believe the United States

7:15

was paying 90% of NATO

7:17

the cause of the other could be 100% response You

7:20

have an echo of exactly what Bannon told us which

7:22

is America doesn't feel the

7:25

way we do about Europe anymore. It

7:27

doesn't feel it has to protect Poland

7:29

It doesn't feel it has to run

7:31

to the Baltic states to the Lithuanian

7:33

years and the latvias because they're on

7:35

the border with Russia It doesn't have

7:37

that said same sense We do

7:39

of the existential threat of Russia

7:42

Which was the same as the existential threat from

7:44

Germany in the 1930s, which is

7:46

this monster is getting closer to us I

7:48

don't think they share that if they ever

7:50

did they don't share it anymore And

7:53

so now it's kind of like this is

7:55

kind of your problem So pay up and

7:57

Bannon made reference you remember to Georgia Maloney

8:00

who talks the talk on supporting Zelensky

8:02

in Ukraine, but then cut her own

8:04

budget, the Italian defense budget, and

8:07

said, well, you know, there you

8:09

have it, hypocrisy in a nutshell. If you look

8:12

at American involvement in

8:14

the First World War and the Second World

8:16

War, you know, arguably if they had come

8:18

in earlier, then the wars would have

8:20

ended much more quickly. And America

8:23

will act when it suddenly

8:25

gets too late or it gets very late

8:28

in the day. Or when their own interests

8:30

are at stake. Or when their own interests

8:32

are at stake. And I think that the

8:34

NATO argument is really interesting because actually I

8:36

don't think there's any difference between Donald Trump's

8:39

policy in terms of the funding of NATO

8:42

than there was with Obama or

8:45

George W. Bush or Joe Biden.

8:48

I think everyone thinks that Europe

8:50

needs to stump up more money

8:52

to put into NATO. It's just

8:54

that Donald Trump puts it in

8:56

much more defiant and categorical terms.

8:59

I was at the British ambassador's residence playing

9:01

tennis, of course, like you do. And the

9:03

deputy national security advisor in

9:06

the Obama administration was playing in

9:08

a doubles game. At the switch

9:10

over, Peter Westmock, who was then

9:13

the ambassador, was delivered a very

9:15

firm message from the deputy national

9:17

security advisor, do not go

9:19

under 2% as David Cameron

9:21

and George Osborne were threatening. You

9:23

cannot do that. We will go berserk if you

9:26

do. And it was just really telling that that

9:28

was happening then in a different way.

9:30

Donald Trump does it on a platform.

9:32

Yeah, and actually, I think if we go back

9:34

to 2014, following your lessons

9:37

in history, and you look at

9:39

the first incursion, invasion, Russia

9:41

in Ukraine, which was when

9:43

Obama was still president. And

9:46

Obama made the law then that

9:48

they could not export armaments to

9:50

Ukraine because it would inflame the

9:52

situation. Now, when Trump came in

9:54

in 2016, he

9:56

overturned that. So there's a

9:58

lot of very complicated. responses I

10:00

think in terms of what

10:02

Trump says and where he sits. You're right,

10:05

I mean maybe yes of course they should

10:07

have come in earlier that would have been

10:09

much more helpful but I think you

10:11

now have to take that America first

10:14

phrase very seriously. It doesn't actually mean,

10:17

I don't know that it means we're

10:19

gonna have black shirts marching through you

10:21

know Washington, I don't think it means

10:23

that but it means you will

10:25

only get us acting in our own

10:27

best interests first and that's what you know

10:30

he's basically telling us we've got to get

10:32

used to. I think this is maybe a

10:34

silly point but you look at the unique

10:36

geography at the United States of America. Thousands

10:39

of miles of Pacific Ocean to

10:41

the west, thousands of miles Atlantic

10:43

Ocean to the east, friendly countries

10:46

to the north, Canada to the

10:48

south, Mexico. America can

10:50

live in a world where it isn't

10:52

that troubled by global events in the

10:54

way that living in Europe we are.

10:56

Well until 2001. Yes

10:58

until 2001, until Pearl Harbor you know

11:00

those are the moments where suddenly America

11:02

loses its sense of inviolability but for

11:05

the most part America can live with

11:07

this idea that it can just pull

11:09

up the drawbridge and live very safely

11:11

and shut itself off in the world

11:13

and that's what Donald Trump wants. But

11:15

it's just Trump's understanding of foreign affairs.

11:18

If people say to Donald Trump I

11:20

really love you Mr President or sir,

11:22

you must always call him sir. I

11:24

really think you're the greatest sir. Donald

11:27

Trump's happy with you. Not just happy with you but

11:29

you get to be the ambassador of the UK.

11:31

Exactly. In Australia the ambassador now in

11:34

the US is Kevin Rudd, the former

11:36

Prime Minister. Labor Prime Minister. And was

11:38

appointed specifically because of his expertise on

11:41

China and I saw him at a

11:43

breakfast just before he went off to

11:46

Australia to talk about the threat of China

11:48

and the complicated way you have to manage

11:50

China. So you know America is very pleased

11:52

to have him there but he said some

11:54

disabliging things about Donald Trump which

11:56

Nigel Farage raised with Mr Trump

11:59

which got a dusty response.

12:02

Kevin Rudd, former Labour

12:04

MP, I mean, he has said the

12:07

most horrible things. You were a destructive

12:09

president, a traitor to the

12:11

West, and he's now Australia's

12:14

ambassador in Washington. Yeah, well, I don't know. Would you

12:16

tell the phone call from him? He won't be there

12:19

longer if that's the case. I don't know much about

12:21

him. I heard he was a little

12:23

bit nasty. I hear he's

12:25

not the brightest bulb, but I

12:27

don't know much about him. But if

12:29

he's at all hostile, he will not be there

12:32

long. I mean, not so different from

12:34

our own foreign ambassador, whose words about

12:36

Trump were leaked. We still don't know

12:38

whether that came from the UK side,

12:41

from the Johnson administration, or from the

12:43

Trump side. And sure enough, he

12:45

kind of packed his bags and got the

12:47

hell out of there. I mean, removed

12:49

fairly unceremoniously. Which is

12:51

extraordinary, the idea that

12:53

a foreign country can choose who

12:56

the ambassador is to represent your

12:58

country. Because the answer, yes, it was all

13:00

the whole set up was our man. Our

13:02

man in wherever. Our man. Well, it's going

13:05

to be Donald Trump's man again if he

13:07

wins in November. In a moment, we're going

13:09

to be talking about our man on Twitter.

13:11

Our man on X, as it

13:13

is now, Elon Musk, who's just done

13:15

a rather freewheeling interview. And

13:18

we'll leave it to you to decide who comes out

13:20

on top. So

13:39

you've already heard an interview with

13:41

Nigel Farage, former

13:43

leader of UKIP, talking

13:46

to Donald Trump on GB

13:49

News, which hosts many current

13:51

conservative MPs now, I

13:54

mean, hosts as in employees. Now

13:56

we're going to bring you an interview, which is Donald

13:59

Trump. by a former

14:02

CNN presenter, his name

14:04

is Don Lemon, who was ousted about

14:06

a year ago under the last sort

14:08

of CNN administration. And he has

14:10

set himself up on Twitter

14:13

or on X as an alternative sort

14:15

of media space. And

14:18

he's just done an interview with

14:20

Elon Musk. Now we

14:23

understand that the two of them essentially set

14:25

up a deal and Don Lemon gets a

14:27

few minutes with him in what looks like

14:30

a Tesla sort of car factory. And it's

14:33

a really odd chat, because

14:36

it's not fiery in the way that you

14:38

sort of think of interview might

14:40

be. But it is quite

14:42

revealing, isn't it? So the interview is

14:45

revealing. And just a bit more on

14:48

Elon Musk was literally

14:50

trying to woo Don Lemon

14:52

to come onto the platform to launch

14:54

his TV show just as Tucker Carlson,

14:56

ex of Fox News, has also gone

14:59

on to ex and Tucker Carlson, it's

15:01

been a brilliant outlet for him. There's

15:03

obviously a partnership arrangement in place. Yeah,

15:05

and you know, and Tucker Carlson gets

15:08

a ton of publicity on X for

15:10

doing this. And at one point, Elon

15:12

Musk directly appealed to Don Lemon on

15:14

X saying, have you considered doing your

15:17

show on this platform? Maybe worth a

15:19

try. Audience is much bigger. And so

15:21

they signed this deal. And this was

15:23

the fruit of the deal, which was the

15:26

first interview where Don Lemon asks these questions

15:28

to Elon Musk, Don Lemon goes straight for

15:30

the central question, which is, have you ruined

15:32

X by what you've done and driving

15:34

advertisers away? You believe that X and you

15:37

have some responsibility to moderate hate speech

15:39

on the platform, that you wouldn't have to

15:41

answer these questions. I don't have to answer

15:43

questions from reporters. Don, the only reason I've

15:46

been this interview is because you're on the

15:48

X platform, and you asked for it.

15:51

Otherwise, there were not to go to the side here. So

15:53

you don't think you do you think that you wouldn't

15:55

get in trouble or you wouldn't be criticized for these

15:57

things? I've heard that possibly accurate care less. a

16:00

new world that we are in where

16:02

instead of the CEO of a

16:05

company coming into the TV studio sitting

16:07

there and doing an accountability interview the

16:10

reporter or the presenter is invited

16:12

into the CEO's not just showroom

16:15

not just car showroom but

16:17

media space so now

16:19

Elon Musk can essentially decide how well

16:22

that does on his own platform right

16:24

he gets to decide if he promotes

16:26

it he gets to decide if he

16:28

sort of smothers it and so you're

16:31

kind of doing an accountability interview with

16:33

the boss of the platform that it's

16:35

being shown on which I think probably

16:39

messes with democracy's head a bit

16:41

doesn't it? It's pretty uncomfortable it's like

16:44

you or I working for Fox News and

16:46

saying right we're going to interview Rupert Murdoch

16:48

now and we're going to ask

16:50

him all the tough questions on his own phone

16:53

are we really going to do that because there's

16:55

a risk involved in that and it was interesting

16:57

that Don Lemon... Well you would I mean I

16:59

have to say we would if we were working

17:01

for Fox News and we were interviewing Rupert Murdoch

17:03

we would ask him the tough questions but what

17:05

you don't know is what Rupert Murdoch then tells

17:08

the controller of what can be shown because

17:10

that's out of our hands right?

17:12

Totally and so Elon Musk was then

17:14

asked by Lemon about

17:17

free speech and its importance and

17:19

why this was a mission that

17:22

the world's richest man was engaged in. So you

17:24

said if they kill the company it's them but

17:26

doesn't the buck stop with you? Choose

17:29

a question carefully there's five minutes left okay

17:31

but so the same question you want to ask?

17:33

The same question is you said you said that

17:35

they are killing the company but you're the head

17:37

of the company and buck doesn't stop with you?

17:39

I acquired X in order to preserve freedom of

17:41

speech in America the First Amendment and

17:45

I'm going to stick that and if

17:47

that means making this money so be it so

17:52

I have to be listen I'm just being honest right

17:54

I'm not trying to like get

17:56

you or anything I was just

17:59

surprised they you would blame other people for killing

18:01

the company. I mean, when you say the buck

18:03

stops with the President of the United States regardless

18:06

of what happens, right? So

18:10

why would that question of, you seem

18:12

upset by it.

18:14

I'm not trying to upset, well you are upset

18:17

because the way you're phrasing the question is not

18:19

cogent. If given a choice where

18:21

an advertiser is

18:26

saying you have to censor all this content on

18:28

the platform irrespective of where they're advertising appears, then

18:31

RS will be like, look, you can choose where

18:33

you want your advertising, what you want your advertising

18:36

to appear next to. You can't

18:38

insist on censorship of the entire platform. If you

18:40

insist on censorship of the entire

18:42

platform, even where your advertising doesn't

18:44

appear, then

18:47

obviously we will not want

18:51

them as an advertiser. So what would you

18:53

say? So it's fascinating. The

18:55

whole question of the First Amendment. Elon

18:58

Musk has blamed advertisers for

19:01

pulling money out of advertising

19:03

on X because of the way the platform

19:05

is seen to have kind of changed so

19:07

much since he took it over. And

19:09

he's saying I'm not responsible for it, I just want

19:11

to give free speech to anyone and everyone and I'm

19:13

not going to have advertisers telling me what I can

19:15

and can't do. Advertisers of course say, well if you're

19:18

going to have all this stuff on their platform, I

19:20

don't want to advertise there. Which is their free choice.

19:22

Which is their free choice as well. And

19:25

what has happened now is

19:27

the kind of fabulous de nouveau of all of

19:29

this, is that Don Lemon's

19:31

agreement to be on X has

19:34

been ended. I mean Don

19:36

Lemon is still on X, but he doesn't have

19:38

the same deal that he and Elon

19:41

Musk started out with. So

19:44

in this whole explanation,

19:46

you know, the sort of the hypothesis

19:49

of how Elon Musk wants to protect

19:52

free speech, stop censorship, allow

19:54

people to come back and say whatever they

19:57

want. He has now decided that Don Lemon

19:59

doesn't have. the right to

20:01

whatever deal existed before that interview.

20:04

And I think every time you hear people

20:06

shouting free speech, shouting an end of censorship,

20:08

you have to just look really carefully at

20:10

their actions, not their words. Yes. So just

20:13

to give you the sort of, say,

20:15

Don Lemon, free speech, First Amendment, say

20:18

whatever you like. Don

20:20

Lemon has issued a statement, Elon Musk's commitment to

20:22

a global town square where all questions can be

20:24

asked and all ideas can be shared, seems

20:27

not to include questions of him

20:29

from people like me, into

20:32

which X has replied a statement on behalf

20:34

of Elon Musk. However, like

20:36

any enterprise, we reserve the right to

20:38

make decisions about our business partnerships. And

20:41

after careful consideration, X

20:43

decided not to enter into a commercial

20:45

partnership with the show. Careful

20:48

consideration means I got into a strop. And

20:50

in that interview, in that sort of

20:52

little clip, you heard something really unusual,

20:55

which is Don Lemon, who doesn't actually want to

20:57

fight. He doesn't want a gotcha moment. He's kind

21:00

of going, you seem really upset. And

21:02

Elon Musk goes, I am upset. And

21:04

there are these long pauses, which I

21:07

found really sort of compelling actually to

21:09

listen to, because you can

21:11

hear that relationship and

21:13

maybe that deal unraveling in

21:16

that space. Well, I was just

21:18

before we came back from our trip

21:20

to America, I went

21:22

and had lunch with my friend Debbie and

21:24

her three daughters who all work in tech and

21:27

have watched the rise and rise and rise of Elon Musk.

21:29

And I just asked the question, Elon

21:31

Musk, good or bad? And they

21:34

found it the most confoundingly complicated

21:36

question, because there is so much

21:38

that Elon Musk has done, which

21:41

is extraordinary, you know, SpaceX, Tesla, all these

21:43

things that have advanced kind of the human

21:45

condition. And yet on the other

21:47

side of it, there is stuff that he's getting involved in now.

21:51

Where is he a free speech warrior? Is he

21:53

kind of getting ready to take sides with Donald

21:55

Trump in the election? And a lot of people

21:57

are thinking that is exactly the direction of travel

21:59

for Elon Musk. And you listen to

22:01

him and you can see and

22:03

feel the complexity of

22:06

him as an individual dangerous

22:08

possibly Visionary certainly,

22:11

but where do you draw the line on him? It's really

22:13

tough Yeah, and he also backed from

22:15

DeSantis famously thought he would be Party

22:21

ill-fainted terrible launch which kind of did

22:24

for them both for a while and

22:26

he's now swapped over to Trump But

22:29

just imagine this is the new look of

22:31

democracy. You've got Donald Trump with his billions

22:33

I mean, we haven't even talked about the

22:36

loan the bond that he owes that he can't pay

22:38

down But you've got him a billionaire

22:41

You've got Musk who owns all the

22:43

media platforms and you've got whatever he's

22:45

doing with his satellite That may or

22:47

may not be helping Putin in a

22:49

nutshell. We are moving into this really

22:52

weird autocratic space under the

22:54

guise of a free and fair

22:56

presidential election It is the

22:58

stuff of a James Bond film where

23:00

you have got the multi squillionaire Who

23:03

has got more money than he knows what to do

23:06

with and has ownership

23:08

of immensely powerful bits of

23:10

kit? Like it's the

23:12

access to social media like the

23:14

satellites in space, which is not

23:16

a shooting pen anymore It's not

23:18

a shooting pen anymore But he

23:20

is the kind of stuff where

23:22

you could see him being the

23:24

perfect bond villain and talking of

23:26

bond villains We've got a little

23:28

bit more for you on Trump and his money after the

23:30

break I Bond

23:49

villains. So what are we talking about? Well, Donald

23:51

Trump as you may know owes nearly 500 million

23:54

dollars after a civil

23:57

court case Essentially determined that he

23:59

had exactly exaggerated the value of his

24:01

assets and needed to pay back quite a

24:03

sum of money. That's not going too well

24:06

because suddenly Donald Trump, who has

24:08

long boasted of being a multi-zillionaire

24:10

I think that was your words, suddenly can't

24:12

find the cash. Well don't misquote me, I

24:14

said squillionaire, not a billionaire. I'm so sorry,

24:16

that's a fake news game. And

24:18

I've just seen the brilliance of your

24:21

gag about another Bond villain. Not a

24:23

capital B, but a small B, because

24:25

he can't pay Bond. And this is

24:27

the money that is outstanding as a

24:30

result of this forced inflation of the

24:32

values of Trump Tower and the like,

24:34

which meant that he got preferential interest

24:36

rates. And he's got to pay it

24:39

now. Now he's trying to appeal against

24:41

it and saying this is too heavy a fine,

24:43

but you have to post the Bond before

24:46

you can make the appeal. And

24:48

so he's in acoustic and he's gone to 30

24:51

loan companies apparently. And they said,

24:53

you must be joking, we're not touching

24:55

you. Now, even though Donald Trump is

24:57

potentially going to be the most

24:59

powerful man in the world, come November,

25:02

even after that, the companies

25:04

are saying, well, hang on, we're not going

25:06

to expose ourselves to that level of risk.

25:08

And it either means one of two things. His

25:11

assets are nothing like as liquid

25:14

as he said in court that they

25:16

were. So he can't lay his money

25:18

on the cash or

25:21

he's not as rich as

25:23

he's told everybody for a year after

25:25

year after year. And the worst case

25:27

scenario in all of this, which I

25:30

don't expect would happen for a nanosecond,

25:32

is that to get one this, he

25:34

might have to declare himself bankrupt.

25:37

Yes. I mean, it would start with a fire sale,

25:39

what they call a fire sale of

25:41

assets, where he sells off X

25:43

Hotel, X Blocker Flats, all the rest

25:45

of it. That only works

25:48

if you've actually got buyers who believe

25:50

in the price of what you're asking.

25:52

First of all, it's not unusual, we

25:54

should say, to make an appeal, which

25:56

does actually bring down the price of

25:58

what you've been asked. I think it

26:00

happens quite often, but

26:02

I think it is extra humiliating for a

26:04

man who has created this

26:07

aura of untouchability because

26:09

he is so rich and so powerful,

26:11

it's all been part of his success.

26:14

We should also just mention, Melania has been

26:16

seen, when she was asked to be back on

26:18

the campaign trail with him, she said, Stittenden. Yeah,

26:21

and I suppose the other possibility is

26:23

that there's been some renegotiation of arrangements

26:25

financial with between Don and Melania, which

26:27

means he hasn't got the money to

26:29

spend on the bond because he's had

26:31

to pay quite a bit to keep

26:33

Melania sweet. Yeah, £424

26:36

million. Yeah. Quite a nice book

26:38

of love. Yeah. Stay tuned. We

26:40

will be back next week. Bye-bye. This

26:43

has been a Global Player Original

26:46

podcast under perfect accommodation.

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