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Title: Florida bank says it has closed Trump's accounts Post by: Hydrogen on January 23, 2021, 05:41:19 AM Quote A Florida bank announced Thursday that it has closed down former President Trump’s account, joining a growing list of entities that have cut ties with the former president following the deadly Jan. 6 Capitol riot. In his financial disclosures, Trump had stated he had two money-market accounts with Banks United, The Washington Post reports. The accounts held somewhere between $5.1 million and $25.2 million. “We no longer have any depository relationship with him," said Banks United, without giving reasons for its decision to shutter the accounts. Another Florida bank, Professional Bank, last week announced that it would be cutting ties with Trump, saying it would no longer conduct business with the former president or his organizations. Signature Bank in New York and Deutsche Bank have also said they will no longer be conducting future business with Trump. Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election. Deutsche Bank is seeking to resolve more than $300 million in loans, reportedly looking to offload the loans onto another lender due to the negative press their dealings with Trump has caused. Deutsche Bank's relationship with the Trump Organization is under a civil investigation by New York attorney general Letitia James. James is investigating claims made by Trump's former personal attorney Michael Cohen that he had inflated the value of his assets and financial statements. Though the investigation is civil, James has said criminal charges may arise if anything suggesting criminality is discovered during her probe. Manhattan district attorney Cyrus Vance is also conducting an investigation into whether or not Trump misrepresented the value of his assets in order to receive larger tax deductions. Vance recently expanded his investigation to include the Trump family's Westchester County estate, a historic mansion called Seven Springs, built by former Washington Post publisher Eugene Meyer. https://thehill.com/policy/finance/banking-financial-institutions/535282-florida-bank-says-it-has-closed-trumps-accounts .... Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. Title: Re: Florida bank says it has closed Trump's accounts Post by: amishmanish on January 23, 2021, 08:03:57 AM There was a post by nullius (https://bitcointalk.org/index.php?topic=5308979.0) inviting Trump to use Bitcoin. Though you'd have to be on something like Gab or any other platform that going to allow him to communicate.
We all pretty much on one thing. These evil banks have no business declaring themselves suddenly on the right side by closing Trumps' account. As if they will do it for the millions of other entities they enable to maintain an iron-grip on the poor, raw material sources of the world and drain wealth towards their wealthy patrons. Title: Re: Florida bank says it has closed Trump's accounts Post by: 20kevin20 on January 23, 2021, 08:52:48 AM If by cashless society you mean Bitcoin and other decentralized solutions, then it's for the better. This is the time where we either all start noticing all the Orwellian mindsets and actions and start attacking them by moving on to uncensored and decentralized solutions or we just lose our privacy probably for a timeframe long enough for even the next generation to notice it.
I doubt Trump would move to cryptos though, at least not publicly. The next thing mainstream media needs to know is exactly this, so they could simply correlate it with the "incitement to rioting" and properly call him a terrorist. He's a billionaire, he turned rich with the help of corps. Title: Re: Florida bank says it has closed Trump's accounts Post by: HeRetiK on January 23, 2021, 11:02:26 AM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? I mean sure, but... Quote Deutsche Bank is seeking to resolve more than $300 million in loans, reportedly looking to offload the loans onto another lender due to the negative press their dealings with Trump has caused. Deutsche Bank's relationship with the Trump Organization is under a civil investigation by New York attorney general Letitia James. ...we're mostly talking liabilities here, rather than assets. How do you move USD 300MM of debt into a cryptocurrency? Sure, one could do an ICO where Trump's debt gets crowdsourced, but is that something that anyone would want? Title: Re: Florida bank says it has closed Trump's accounts Post by: Mauser on January 23, 2021, 11:20:26 AM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse The crypto world could definitely help Trump and provide some liquidity for his business. Over the last few month there was a huge amount of capital inflow from FIAT currencies. With all that new capital in the bitcoin market and other crypto currencies, Trump could ask for loans. He still has a large portfolio of commercial assets that he could post as collateral against his loans. I think there are a lot of lenders in the crypto world who would lend their capital for Trump. He has been a pretty good business man in the past. Title: Re: Florida bank says it has closed Trump's accounts Post by: Wind_FURY on January 23, 2021, 11:42:11 AM Trump should have started HODLing some Bitcoin when he became president. He could say fuck you to the banks by passing his coins around and show the public, “Look at me, you cannot censor me, I am using Bitcoin, screw you”. 8)
Title: Re: Florida bank says it has closed Trump's accounts Post by: Lucius on January 23, 2021, 01:34:24 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Somehow it seems inconceivable to me that Trump is going in that direction, because he is a classic old-fashioned American who still trusts the domestic national currency the most. Everything that is currently happening with the banks in which he had or still has accounts is just a reaction to recent events, and that will calm down over time. There will always be banks that will accept Trump's money, just as there are tens of millions of people in the US who support him today. Even if Trump were to move in the direction of switching part of his business to some cryptocurrency, it certainly wouldn’t be Bitcoin or anything like that - unless his opinion of the same would change completely. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Title: Re: Florida bank says it has closed Trump's accounts Post by: HeRetiK on January 23, 2021, 01:58:44 PM Even if Trump were to move in the direction of switching part of his business to some cryptocurrency, it certainly wouldn’t be Bitcoin or anything like that - unless his opinion of the same would change completely. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Also, did everyone forget all of a sudden that just a few weeks ago the Trump administration was trying to regulate non-custodial wallets on their way out? https://bitcointalk.org/index.php?topic=5293390.0 This was not a crypto-friendly administration. Heck, it wasn't even an internet friendly administration, or did everyone forget about killing net neutrality as well? Title: Re: Florida bank says it has closed Trump's accounts Post by: coolcoinz on January 23, 2021, 03:08:14 PM Trump should have started HODLing some Bitcoin when he became president. He could say fuck you to the banks by passing his coins around and show the public, “Look at me, you cannot censor me, I am using Bitcoin, screw you”. 8) If I'm not wrong there were hopes that Trump's administration would be crypto friendly because of the people that used to work there, like his advisor like Stephen Moore who moved from the Federal Reserve to start a crypto company in 2019. Trump also fired Anthony Scaramucci, who later made a lot of money investing in bitcoin. So Trump used to have a some crypto people around him and was seen as a businessman who understands the free market but really was against alternative investments. We could see that in the latest attempt to "regulate" crypto by Steven Mnuchin. I don't think he'll ever support or use bitcoin. He's stubborn like Warren. Title: Re: Florida bank says it has closed Trump's accounts Post by: Sterbens on January 23, 2021, 03:40:47 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? wait, there are several advantages to Trump as a former president. 1. get protection for life from the resident bodyguard. 2. Trump is also still paid, of $ 200,000 / YEAR. 3. Travel costs are borne by the state. 4. Office facilities and correspondence free of charge. 5. Get access to intelligent information. even though without it all, Trump can still live in luxury from his wealth. and it turns out that Trump's bank account is closed. Title: Re: Florida bank says it has closed Trump's accounts Post by: hatshepsut93 on January 23, 2021, 03:43:30 PM There's still a lot of banks in the west that wouldn't mind dealing with Trump. And there's always Russian banks that helped him in the past.
Does this news affect supporters of cashless societies for better or worse. It's not like Trump was disconnected from entire banking industry, so I doubt that proponents of removing cash would see this as an example of why centralized money is bad. Unfortunately, when truly eye-opening events will start to occur, it will already be to late to stop "cashless society". Title: Re: Florida bank says it has closed Trump's accounts Post by: crwth on January 23, 2021, 03:53:31 PM He is probably going to go for other banks that would cater his needs. I don't think he would like to be without complete control into his finances or something. Let alone his accounts be in BTC in which he has no control over anything but his own wallet. But I think with his reach and influence, he could let other people know to support cryptocurrencies and maybe a lot of people will follow.
Title: Re: Florida bank says it has closed Trump's accounts Post by: jrrsparkles on January 23, 2021, 04:10:38 PM I don't thin Trump will be looking to invest on bitcoin as his first preference after banned by some bank but surely he might considering to buy some bitcoin for the future usage if every banks follows the same and ban his accounts for no reasons. If that happens then this could also act as catalyst towards the mass adoption of crypto currencies not only by his supporters but the whole world will look into it and notice what he did when banks banned his account.
Title: Re: Florida bank says it has closed Trump's accounts Post by: Natsuu on January 23, 2021, 04:22:21 PM He has this old mindset like warren buffet, disregarding high volatility markets like BTC, and thinking it was a scam or something even though results shows a bullish market in stats. So, I don't think he will ever try to move in BTC and just look for different alternatives that might pique his interests.
Besides that, I'm unbelievably curious on the actions that the banks does, so I might need further details on this in the future. And details about the investigation the banks made regarding their accusations. Title: Re: Florida bank says it has closed Trump's accounts Post by: bekti3 on January 23, 2021, 05:13:19 PM He is probably going to go for other banks that would cater his needs. I don't think he would like to be without complete control into his finances or something. Let alone his accounts be in BTC in which he has no control over anything but his own wallet. But I think with his reach and influence, he could let other people know to support cryptocurrencies and maybe a lot of people will follow. True to your point, I am more confident that Trump will soon file some lawsuits, and make corrections to his Florida bank account. if not, then Trump will be very dangerous when it comes to fighting back. Title: Re: Florida bank says it has closed Trump's accounts Post by: fiulpro on January 23, 2021, 05:58:16 PM There was a post by nullius (https://bitcointalk.org/index.php?topic=5308979.0) inviting Trump to use Bitcoin. Though you'd have to be on something like Gab or any other platform that going to allow him to communicate. We all pretty much on one thing. These evil banks have no business declaring themselves suddenly on the right side by closing Trumps' account. As if they will do it for the millions of other entities they enable to maintain an iron-grip on the poor, raw material sources of the world and drain wealth towards their wealthy patrons. He is not at all willing to use cryptocurrencies therefore I do think that he won't take such step for sure. Therefore in the following days he might try and think of using other banks it's not at all difficult to open an account and he can also transfer the money in the account of his family and friends therefore it's not that serious that he would go and try cryptocurrencies and that would not be genuine. He is probably going to go for other banks that would cater his needs. I don't think he would like to be without complete control into his finances or something. Let alone his accounts be in BTC in which he has no control over anything but his own wallet. But I think with his reach and influence, he could let other people know to support cryptocurrencies and maybe a lot of people will follow. True to your point, I am more confident that Trump will soon file some lawsuits, and make corrections to his Florida bank account. if not, then Trump will be very dangerous when it comes to fighting back. He won't be dangerous. Period. He doesn't have any points in his favor, what he did was indeed terrible and because of him a lot of people lost their lives not considering the people he put into the concentration camps. The bank doesn't close the accounts on a whim or just because they wanted to do so , he for sure did something wrong and therefore faced such charges. He can file lawsuits sure but let's see if he wants to be in the middle of another controversy or no. Title: Re: Florida bank says it has closed Trump's accounts Post by: bitgolden on January 23, 2021, 06:03:44 PM It is not really about Trump being a good person or a bad person, it is really irrelevant, he could have been the greatest president ever, have 100+ million votes, win by 400+ EC and remembered as the greatest president USA has ever seen in it is history and make USA the greatest place to ever exist.
It is still a reasonable thing to expect banks not to work with him anymore because dude basically doesn't pay his loans back at all and that is a good enough reason to not work with him. Would a regular bank give a loan to someone who failed to pay his old loans back? Would a bank give someone a loan that has countless bankrupted business? Obviously banks would reject him, well why would they not reject trump just because he was the president, does that mean dude earn the right to get free money from banks never to repay it back? Obviously not. So if you look at all the debt he collected over course of years and never paid and bankrupted so so so many business, it is wise to not work with him anymore. Title: Re: Florida bank says it has closed Trump's accounts Post by: Febo on January 23, 2021, 06:50:41 PM Florida bank says it has closed Trump's accounts He is an asshole but things are getting crazy lately. They could close his account if he would break any of their rules. Not just because they want to close them. There was a post by nullius (https://bitcointalk.org/index.php?topic=5308979.0) inviting Trump to use Bitcoin. How can you expect for Trump to use transparent ledger cryptocurrency where just anyone would see all his transactions? How could he scam people? Dont you think he care for privacy. All his competitors in business and in politics, not to mention all law officers would see everything he is doing. Title: Re: Florida bank says it has closed Trump's accounts Post by: The Sceptical Chymist on January 23, 2021, 06:52:06 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Answer to the first question: NO. Answer to the second: yeah, probably. Trump is a billionaire and has good relationships with lots of banks, and I don't think he's ever going to have a problem with money. And this sounds like some banks are trying to distance themselves from Trump because of the violence at the Capitol--but memories are short, and those banks might very well reverse their positions in the future after things have cooled down.At least Trump doesn't have to deal with shady crypto exchanges that unexpectedly throw in a KYC requirement when you want to withdraw funds. It's not like any banks have stolen his money or that he has to put up with all the petty shit that we crypto investors have to put up with. Title: Re: Florida bank says it has closed Trump's accounts Post by: Tstar on January 23, 2021, 07:47:53 PM .... Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. Trump will not seek liquidity in cryptocurrencies. You can't do business with an asset that's not accepted by the other party. The Twitter suspension is 'Permanent', not temporarily: https://blog.twitter.com/en_us/topics/company/2020/suspension.html There is mass witch-hunting from both sides in the US, but I don't think it has anything to do with Bitcoin. Title: Re: Florida bank says it has closed Trump's accounts Post by: Hydrogen on January 23, 2021, 08:04:26 PM wait, there are several advantages to Trump as a former president. 2. Trump is also still paid, of $ 200,000 / YEAR. Trump owes more than $100 million in debt to deutsch bank that he pays interest on. If the APR on his loan is 1%. Its $1 million dollars. If the APR is 0.5% he owes $500,000. How does he pay down the interest off a $200k year salary. Also why are many making these uninformed impulsive comments without taking 5 seconds to do basic math needed to put things into perspective. Title: Re: Florida bank says it has closed Trump's accounts Post by: Coyster on January 23, 2021, 08:17:41 PM Trump is a 'typical' businessman, and he has earned his billions via Fiat, I don't think he'll just all of a sudden grow a thick Interest in cryptocurrencies, enough for him to liquidate his assets into the decentralized system, even if that looks good like a good option atm. Donald Trump's relationship with the banks and quite a lot of sectors in the U.S have definitely seen better days, but that doesn't mean there aren't others that'll still love to be patronized by him.
The news is only big for users of dex cryptocurrencies cause it somewhat pinpoints the aspect of control/freedom of funds Bitcoin guarantees it's users, unlike with the traditional system, as the case of Trump just explicates for all to see. Title: Re: Florida bank says it has closed Trump's accounts Post by: HeRetiK on January 23, 2021, 08:29:56 PM Answer to the first question: NO. Answer to the second: yeah, probably. Trump is a billionaire and has good relationships with lots of banks, and I don't think he's ever going to have a problem with money. And this sounds like some banks are trying to distance themselves from Trump because of the violence at the Capitol--but memories are short, and those banks might very well reverse their positions in the future after things have cooled down. Deutsche Bank was already trying to distance themselves from Trump in late 2020, the Capitol riots were just the nail in the coffin. Or, knowing Deutsche Bank, a welcome excuse to finally cut ties for good. Generally speaking it's rather interesting to see how many companies are turning their backs on Trump now that he's not the president of the United States anymore. It's almost as if they either feared legislative retaliation or wanted to profit from his political capital... Trump owes more than $100 million in debt to deutsch bank that he pays interest on. If the APR on his loan is 1%. Its $1 million dollars. If the APR is 0.5% he owes $500,000. How does he pay down the interest off a $200k year salary. Also why are many making these uninformed impulsive comments without taking 5 seconds to do basic math needed to put things into perspective. Not just more than $100 million, more than $300 million. And while fiat loans are cheap these days I wouldn't be sure about what rates Trump gets given his track record. Title: Re: Florida bank says it has closed Trump's accounts Post by: wxa7115 on January 23, 2021, 09:08:45 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? I am not a fan of Trump however the persecution that he is being object of should be very worrying, if they can do that to him, can you imagine what they can do to anyone that does not have the power he holds?Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. This is why a cashless economy in which all transactions go through centralized parties is a terrible idea for those of us that love freedom, bitcoin is the last obstacle in the path of those that want to get complete control of the society which is why whenever I think of bitcoin failing I get worried about the world that we will get to see if that happened. Title: Re: Florida bank says it has closed Trump's accounts Post by: Hydrogen on January 23, 2021, 09:15:40 PM Not just more than $100 million, more than $300 million. And while fiat loans are cheap these days I wouldn't be sure about what rates Trump gets given his track record. Trump is known for being a real estate mogul. I would guess $300+ million in debt to deutsch bank, are outstanding 15 to 30 year mortgages he pays on real estate his hotels and businesses are located on. Its a rhetorical question. I get that this is an uncomfortable topic many would prefer to forgot or pretend doesn't exist. Its uncomfortable for many to see how Trump is being treated in the knowledge the rest of us could someday be treated the same. Many would prefer to pretend this doesn't affect Trump at all, and by proxy doesn't affect them at all. But I have to ask in the unlikely event Trump's 200k / year in liquidity actually can save his billion dollar net worth. And that the person who posted can actually explain this. I am not a fan of Trump however the persecution that he is being object of should be very worrying, if they can do that to him, can you imagine what they can do to anyone that does not have the power he holds? This is why a cashless economy in which all transactions go through centralized parties is a terrible idea for those of us that love freedom, bitcoin is the last obstacle in the path of those that want to get complete control of the society which is why whenever I think of bitcoin failing I get worried about the world that we will get to see if that happened. Don't forget that attacking Trump and backing him into a corner, where he may not have much to lose, could be a poor strategy for whomever makes these decisions. Yes, they can do it. But what will the backlash be? Their attacks on Trump are what forced him to run for President in 2016. The IRS audited him every year for like 10 years. Until Trump got pissed off and ran for President. They might have been better off not attacking Trump and letting him bang supermodels and film reality tv shows all day. Title: Re: Florida bank says it has closed Trump's accounts Post by: bitmover on January 23, 2021, 09:21:57 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. I think this is deadly serious. This is a high bet. Closing trumps accounts, banning trump from twitter... Twitter is clearly an attack against freedom of speech. Be a leftist, say what we like, or we will ban you. Now those banks... I am not a big fan of trump, but this guy is certainly very inteligent and has a lot of resources. If he decides to move to cryptocurrency, he will be unstoppable, and he would certainly be a great ally against banks and central banks oligopoly. As bitcoin ideal is libertarian, and that ideal fits in trumps political views, this may become big! Title: Re: Florida bank says it has closed Trump's accounts Post by: Hippocrypto on January 23, 2021, 09:41:48 PM Trump is a 'typical' businessman, and he has earned his billions via Fiat, I don't think he'll just all of a sudden grow a thick Interest in cryptocurrencies, enough for him to liquidate his assets into the decentralized system, even if that looks good like a good option atm. Donald Trump's relationship with the banks and quite a lot of sectors in the U.S have definitely seen better days, but that doesn't mean there aren't others that'll still love to be patronized by him. The news is only big for users of dex cryptocurrencies cause it somewhat pinpoints the aspect of control/freedom of funds Bitcoin guarantees it's users, unlike with the traditional system, as the case of Trump just explicates for all to see. Not really going to patronize him literally but somehow used his business category as an inspiration for others to become excellent in life. Trumps legacy has been proven not just being a president, but financially he'd able to withstand his freedom of earning profit out of his strategies in doing business. Whether it's from fiat source or whatsoever cryptocurrency investments. Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on January 24, 2021, 01:01:22 PM Now after the social media platforms and Google, it is the turn of bankers to go after Trump? Why can't these people simply mind their own business and stay away from politics? If they want to enter politics, then let them do that legally. No one bars them from making a donation to any political party, or to put up a candidate in the elections. But closing down bank accounts, just because of political difference is outright silly. People in general doesn't have a good opinion about the bankers. it will be better for them not to exacerbate the hatred.
Title: Re: Florida bank says it has closed Trump's accounts Post by: kpierce77 on January 24, 2021, 01:19:57 PM Closing social media accounts unilaterally and without solid evidence, I think it's too much and now they are also closing their bank accounts. Btw, I don't think Trump would choose a difficult path like liquidating his assets to crypto, that's quite risky, at least for now. It's just that, I think they have treated him too much and shouldn't have gone that far
Title: Re: Florida bank says it has closed Trump's accounts Post by: Febo on January 24, 2021, 07:39:26 PM How does he pay down the interest off a $200k year salary. He ask for donations to help him pay legal expanses to fight for stolen elections. There he gets many millions USD, So he can repay his debts easily. Nooen knows how much money he channelled to his and his friends accounts in last 4 years. Title: Re: Florida bank says it has closed Trump's accounts Post by: RondoAnyar on January 24, 2021, 10:59:12 PM Trump should have started HODLing some Bitcoin when he became president. He could say fuck you to the banks by passing his coins around and show the public, “Look at me, you cannot censor me, I am using Bitcoin, screw you”. 8) the move sure would be phenomenal. if trump does that it will be very controversial in the US there will be a lot of waves of agreeing and disagreeing if Trump has bitcoin it will definitely be shocking newsTitle: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on January 25, 2021, 03:36:11 AM Trump should have started HODLing some Bitcoin when he became president. He could say fuck you to the banks by passing his coins around and show the public, “Look at me, you cannot censor me, I am using Bitcoin, screw you”. 8) the move sure would be phenomenal. if trump does that it will be very controversial in the US there will be a lot of waves of agreeing and disagreeing if Trump has bitcoin it will definitely be shocking newsI don't agree. If Trump would have endorsed Bitcoin while he was the president of the United States, then there is no doubt that it could have been hugely beneficial for BTC and the other cryptocurrencies. But he has made his unceremonious exit from the presidency, and nowadays he is seen as someone who represents anarchy and violence. Under these conditions, I am afraid that an endorsement from Trump can actually do more harm to Bitcoin instead of good. Title: Re: Florida bank says it has closed Trump's accounts Post by: romero121 on January 25, 2021, 04:52:51 AM How does he pay down the interest off a $200k year salary. He ask for donations to help him pay legal expanses to fight for stolen elections. There he gets many millions USD, So he can repay his debts easily. Nooen knows how much money he channelled to his and his friends accounts in last 4 years. Title: Re: Florida bank says it has closed Trump's accounts Post by: Wind_FURY on January 25, 2021, 06:56:52 AM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? wait, there are several advantages to Trump as a former president. 1. get protection for life from the resident bodyguard. 2. Trump is also still paid, of $ 200,000 / YEAR. 3. Travel costs are borne by the state. 4. Office facilities and correspondence free of charge. 5. Get access to intelligent information. even though without it all, Trump can still live in luxury from his wealth. and it turns out that Trump's bank account is closed. Would it be very improbable if Trump actually bought Bitcoin, told the public that he did it, and to tell the banks to screw themselves? Trump has always found many different ways to attract attention, and he’s a business man. It’s a win-win. 8) Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on January 25, 2021, 07:03:35 AM For sure he could've channelled specific sum of amount to his friends and family accounts. By profession he's a businessman and he has good number of luxury hotels and other buildings. So he can easily complete his debt selling those. He's one of a kind who has a different perspective about things when majority have similar opinion. When people are ready to donate money, why he should spend his personal wealth? Even during his 2020 campaign, if I am not wrong he didn't spend any of his own money. And according to Forbes, his current wealth is measured at $3.1 billion. He can easily wipe out the debt with some of his personal wealth, but I guess he is not stupid to do that. Anyway, most of that wealth is not in liquid form. Title: Re: Florida bank says it has closed Trump's accounts Post by: davis196 on January 25, 2021, 07:17:04 AM 1.Trump hates Bitcoin and the crypto industry.
2.Trump is about to get impeached,even after his presidency ended,which means that he might lose all the benefits of a former president. 3.Trump is about to get sued for tax fraud. 4.I believe that Trump has more debts than assets,so he is broke.I assume that he has a few millions here and there and some real estate left,but he will never become a billionaire again. In conclusion:We definitely don't need a guy like Trump in the crypto world: 1.Because he is broke and everyone in the world hates him.Except mid west red necks... 2.Because the federal government will smash the crypto industry with a big hammer,the moment they find out that Trump had bought cryptocurrencies. Title: Re: Florida bank says it has closed Trump's accounts Post by: sana54210 on January 25, 2021, 03:53:38 PM 1.Trump hates Bitcoin and the crypto industry. I agree with all points but the trump hates crypto ones. Trump hates whatever hates him back, if you say you hate trump then trump hates you, if crypto world hates trump that means trump will hate crypto community back, if you say crypto people love trump, then trump will love them back.2.Trump is about to get impeached,even after his presidency ended,which means that he might lose all the benefits of a former president. 3.Trump is about to get sued for tax fraud. 4.I believe that Trump has more debts than assets,so he is broke.I assume that he has a few millions here and there and some real estate left,but he will never become a billionaire again. In conclusion:We definitely don't need a guy like Trump in the crypto world: 1.Because he is broke and everyone in the world hates him.Except mid west red necks... 2.Because the federal government will smash the crypto industry with a big hammer,the moment they find out that Trump had bought cryptocurrencies. It is a simple persons situation I know but trump is the simplest man you will ever see, he is an egotistical narcissistic person who will love people who love him and hate people who hate him, say a good thing to him and he will say a good thing to you. Aside from that point of the message, all others are right, and the scariest part is, if all banks and others decide not to work with him and he is forced to put all his money into crypto so that he could embezzle funds easier, that means government will be a lot harsher on crypto just to get to him. Title: Re: Florida bank says it has closed Trump's accounts Post by: slapper on January 25, 2021, 06:28:41 PM A single event like this can not make an enormous impact on the cashless society. This process requires much more endeavors in order to convert our current situation to the new era. Moreover, Trump is hated by many people and if he uses bitcoin, it can cause negative consequences.
Thus, I love to see how bitcoin is slowly adopted by people who have enough knowledge and inspiration to make their first step toward the cryptocurrency world. Slow but sure. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on January 25, 2021, 09:29:38 PM There was a post by nullius (https://bitcointalk.org/index.php?topic=5308979.0) inviting Trump to use Bitcoin. Though you'd have to be on something like Gab or any other platform that going to allow him to communicate. We all pretty much on one thing. These evil banks have no business declaring themselves suddenly on the right side by closing Trumps' account. As if they will do it for the millions of other entities they enable to maintain an iron-grip on the poor, raw material sources of the world and drain wealth towards their wealthy patrons. Bitcoin would never work for Trump because all wealth is tied to extreme use of leverage. That's not uncommon in the real estate industry, most real assets are highly levered. But Trump losing access to the banking system at large will be a death knell for him personally because he can't refinance his loans and he definitely doesn't have the cash to pay them off. He'll be forced into bankruptcy when his $340m Deutsche Bank loan is due (https://www.newsweek.com/trump-owes-deutsche-bank-340-million-company-cuts-ties-president-1560837), or else he'll be forced to sell a boatload of assets at fire sale prices to raise the money needed to pay the loan off. Title: Re: Florida bank says it has closed Trump's accounts Post by: AndySt on January 25, 2021, 11:31:38 PM Bitcoin would never work for Trump because all wealth is tied to extreme use of leverage. That's not uncommon in the real estate industry, most real assets are highly levered. But Trump losing access to the banking system at large will be a death knell for him personally because he can't refinance his loans and he definitely doesn't have the cash to pay them off. He'll be forced into bankruptcy when his $340m Deutsche Bank loan is due (https://www.newsweek.com/trump-owes-deutsche-bank-340-million-company-cuts-ties-president-1560837), or else he'll be forced to sell a boatload of assets at fire sale prices to raise the money needed to pay the loan off. I think that under the modern system of capitalism, it is generally difficult or almost impossible to conduct any business without the availability of borrowed funds, even in the form of bank loans, even in the form of investing business angels in startups. Trump already had quite strained relations with the political establishment at the beginning of the presidential term, but in the process of fulfilling his powers, Trump seemed to have begun to establish relations with the Republican party apparatus, but recent events and Trump's behavior again brought all progress to naught. Therefore, if Trump does not change his line of conduct, then indeed he may be left without his wealth and also without a political future.Title: Re: Florida bank says it has closed Trump's accounts Post by: Wind_FURY on January 26, 2021, 01:45:38 PM A single event like this can not make an enormous impact on the cashless society. This process requires much more endeavors in order to convert our current situation to the new era. Moreover, Trump is hated by many people and if he uses bitcoin, it can cause negative consequences. “Negative consequences” on the what? The price? Its “reputation”? Bitcoin’s main value proposition is censorship-resistance. ANYONE should use it without fear of being censored. I would like to see Trump use it. Title: Re: Florida bank says it has closed Trump's accounts Post by: Gozie51 on January 27, 2021, 09:18:11 AM It’s not the first one. There may be more banks to liquidate Trump’s assets in the future. Why do you say so or you have any reason for that submission of yours? How will a bank liquidate the account of someone if the person has not done an offense against the bank, state or money laundary laws. I think that won't think may not happen if nothing is found against on the bank. I think all those are temper and tempo rising out of the election and things will get cool later. You should back it up with your reason. Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on January 27, 2021, 11:29:09 AM “Negative consequences” on the what? The price? Its “reputation”? Bitcoin’s main value proposition is censorship-resistance. ANYONE should use it without fear of being censored. I would like to see Trump use it. In that case since Trump was using fiat currency for more than 7 decades, the price and reputation of the US Dollar should have been affected, right? Some of the users like slapper never fails to amuse me with their ridiculous logic. Trump was the president of the United States from 2016 to 2020 and any endorsement from him would be earth shattering for Bitcoin. But I know that the chances are very minimal. Title: Re: Florida bank says it has closed Trump's accounts Post by: Kittygalore on January 27, 2021, 11:55:26 AM It’s not the first one. There may be more banks to liquidate Trump’s assets in the future. It won't be a problem for him, this is just for show to make those banks cut ties with him so they have a clean reputation. I do not think that Trump will be leaning to cryptocurrency anytime soon, he has a company and they can't simply close a bank account of someone who owns a business. Although he did bad with rallying his supporters into storming the Capitol. Even if a lot of banks closed his accounts, remember that businessman like him definitely has other accounts that are not in his name and shell companies is also a possibility too. Remember that it is USA, the home of good old capitalism that slaves the people, this kind of things will not be a talk of the town in a few months.Title: Re: Florida bank says it has closed Trump's accounts Post by: so98nn on January 27, 2021, 12:16:29 PM Trumps relationship with the financial aspect was not as good as previous presidency. I guess this won't much useful or what can I say affecting the cyrpto currency market. Trump never had any positive approach towards the crypto currencies and as far as I know there wasn't any perpetual news to move the market upside down with Trumps actions. Even thought of this is little off the track.
Now twitter stocks, real world share market may get little bit offended with this news and further actions by trump but won't last forever. It's just temporary and only those people get stimulated with this news who are actual followers of the Trump. However, Biden presidency have already shown up his magic and many followers were dropped after they took the Oath last week. So that's the mega change, trump isn't. Title: Re: Florida bank says it has closed Trump's accounts Post by: wxa7115 on January 27, 2021, 05:32:10 PM I am not a fan of Trump however the persecution that he is being object of should be very worrying, if they can do that to him, can you imagine what they can do to anyone that does not have the power he holds? This is why a cashless economy in which all transactions go through centralized parties is a terrible idea for those of us that love freedom, bitcoin is the last obstacle in the path of those that want to get complete control of the society which is why whenever I think of bitcoin failing I get worried about the world that we will get to see if that happened. Don't forget that attacking Trump and backing him into a corner, where he may not have much to lose, could be a poor strategy for whomever makes these decisions. Yes, they can do it. But what will the backlash be? Their attacks on Trump are what forced him to run for President in 2016. The IRS audited him every year for like 10 years. Until Trump got pissed off and ran for President. They might have been better off not attacking Trump and letting him bang supermodels and film reality tv shows all day. Also many are claiming that Trump hates cryptocurrencies and maybe that is true, but he is not dumb, if he sees in cryptocurrencies an ally that could help him I have no doubts he could pull off a 180 and change his stance dramatically. Title: Re: Florida bank says it has closed Trump's accounts Post by: Princejebs on January 27, 2021, 08:33:29 PM It’s not the first one. There may be more banks to liquidate Trump’s assets in the future. That's why we shouldn't abuse power if we are opportune to occupy a position. Who could believe that the bully trump account will get shut down by a mere bank, but he no longer has the immunity to power which no longer protects him and his political carrier, I hope he learn from this and from Americans. If he had allowed bitcoin to exist and recognize during his tenure, by now he wouldn't be bother by this banks brouhaha. ;D Title: Re: Florida bank says it has closed Trump's accounts Post by: worle1bm on January 28, 2021, 01:32:11 PM Trump administration was never crypto friendly as they always tries to pass rules which do not promote cryptocurrencies rather it put rational bans on working of the exchanges and wallets in America and think btc and other altcoins as threat to the financial system of the country because he is old fashioned who have superiority complex and do not want to loose control if they are in power and same has happened when he loose the votes.He was invited by many to invest in crypto and he ignores all of them and now see what a centralized financial institution can do to you.You can loose control over your own money in just matter if second whenever the centeral authority of that currency required.Thats where we need to take a step and move forward to the decentralised cryptos like btc where user have full control over their funds unlike these conventional institutions which put limits and restrictions over you to acces what?Your own funds and same has happened to Trump now.But that does not matter because many more banks will open his account as he is already a billionaire and put huge amounts in his account but we all need to know the true power of cryptocurrencies around the globe.
"Your funds your control." Title: Re: Florida bank says it has closed Trump's accounts Post by: bits4books on January 28, 2021, 02:52:09 PM All sorts of progressive liberals and libertarians can say as much as they want that this is private discrimination and it's ok. But if you have your own head on your shoulders and you distinguish at least yellow from red, then you should understand that this will not last long. In the situation with Trump, the whole world has seen how far corporations have come and how much they have covered us with their hands - and this can cause a tsunami of restrictions for everyone from the state. And even though Biden and his team support all this , you will soon see how in the beautiful Socialist America of the Future, corporations will be forced to impose more and more restrictions, justifying this with the protection of free speech and so on. But we still understand what this will lead to in the end.
Title: Re: Florida bank says it has closed Trump's accounts Post by: Swopon on January 28, 2021, 03:05:08 PM There are many other banks except Florida bank, Trump hasn't any boundaries to keep a/c only this bank. There are other banks for use so if Florida closed trumps a/c then this bank may lose a valuable customer.
Title: Re: Florida bank says it has closed Trump's accounts Post by: Emitdama on January 28, 2021, 04:12:08 PM He has never spoken good about Bitcoin/cryptocurrency, so I am not sure if he’s going to switch to any of that because of banks has closed his accounts. But this goes to show that money we have in the bank doesn’t really belong to us because banks can decide to lock our accounts and prevent us from having access to our hard earned money, which is something I have seen happen to a lot of people countless times, and sometimes it’s an order that’s given by the government.
It is good to have money stored secretly elsewhere in cryptocurrency, that way you can always have a means to support yourself no matter what. Title: Re: Florida bank says it has closed Trump's accounts Post by: slapper on January 28, 2021, 04:17:02 PM I am not a fan of Trump however the persecution that he is being object of should be very worrying, if they can do that to him, can you imagine what they can do to anyone that does not have the power he holds? This is why a cashless economy in which all transactions go through centralized parties is a terrible idea for those of us that love freedom, bitcoin is the last obstacle in the path of those that want to get complete control of the society which is why whenever I think of bitcoin failing I get worried about the world that we will get to see if that happened. Don't forget that attacking Trump and backing him into a corner, where he may not have much to lose, could be a poor strategy for whomever makes these decisions. Yes, they can do it. But what will the backlash be? Their attacks on Trump are what forced him to run for President in 2016. The IRS audited him every year for like 10 years. Until Trump got pissed off and ran for President. They might have been better off not attacking Trump and letting him bang supermodels and film reality tv shows all day. Also many are claiming that Trump hates cryptocurrencies and maybe that is true, but he is not dumb, if he sees in cryptocurrencies an ally that could help him I have no doubts he could pull off a 180 and change his stance dramatically. Rumors say that he hates bitcoin but up to now, there is no clear signs that he tries to stop this coin from being operated. He might be an obsolete man but after all, a business man flexibly adapt to new situation. And yet, if cryptocurrencies can support him, there is no reason he should allege it Title: Re: Florida bank says it has closed Trump's accounts Post by: Twentyonepaylots on January 28, 2021, 11:13:52 PM Honestly, these banks are getting good publicity from vocal Trump Haters with these closing of bank accounts, they'd still get customer anyhow and compared to Trump's asset, having millions of users are better. So I don't think they arw inherently on the good side of things now that they chose to close on him. On Trump's end, we all know he deserved it. He literally broke the law he imposed.
Title: Re: Florida bank says it has closed Trump's accounts Post by: AndySt on January 28, 2021, 11:48:56 PM Honestly, these banks are getting good publicity from vocal Trump Haters with these closing of bank accounts, they'd still get customer anyhow and compared to Trump's asset, having millions of users are better. So I don't think they arw inherently on the good side of things now that they chose to close on him. On Trump's end, we all know he deserved it. He literally broke the law he imposed. Undoubtedly, Trump has done a lot of not very reasonable things recently, another question is whether banks should get involved in politics and take such actions before the decision of the authorized law enforcement agencies is made, and whether this does not turn into settling the accounts of the ruling elites with an undesirable member. These are tough times for Trump, and we'll see soon if he can stay in politics and business until the next presidential cycle.Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on January 29, 2021, 03:19:07 AM All sorts of progressive liberals and libertarians can say as much as they want that this is private discrimination and it's ok. But if you have your own head on your shoulders and you distinguish at least yellow from red, then you should understand that this will not last long. In the situation with Trump, the whole world has seen how far corporations have come and how much they have covered us with their hands - and this can cause a tsunami of restrictions for everyone from the state. And even though Biden and his team support all this , you will soon see how in the beautiful Socialist America of the Future, corporations will be forced to impose more and more restrictions, justifying this with the protection of free speech and so on. But we still understand what this will lead to in the end. It is ironic, isn't it? America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. Title: Re: Florida bank says it has closed Trump's accounts Post by: Arkann on January 29, 2021, 12:07:22 PM All sorts of progressive liberals and libertarians can say as much as they want that this is private discrimination and it's ok. But if you have your own head on your shoulders and you distinguish at least yellow from red, then you should understand that this will not last long. In the situation with Trump, the whole world has seen how far corporations have come and how much they have covered us with their hands - and this can cause a tsunami of restrictions for everyone from the state. And even though Biden and his team support all this , you will soon see how in the beautiful Socialist America of the Future, corporations will be forced to impose more and more restrictions, justifying this with the protection of free speech and so on. But we still understand what this will lead to in the end. It is ironic, isn't it? America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. Title: Re: Florida bank says it has closed Trump's accounts Post by: pixie85 on January 29, 2021, 08:58:17 PM Honestly, these banks are getting good publicity from vocal Trump Haters with these closing of bank accounts, they'd still get customer anyhow and compared to Trump's asset, having millions of users are better. So I don't think they arw inherently on the good side of things now that they chose to close on him. On Trump's end, we all know he deserved it. He literally broke the law he imposed. It's always about money and I see a lot of that "me too" acting in this recent bank stunt. They know they can make money on this and at the same time show that they're like other banks who did the same. They want to look like they listen to the people and want to punish the wrongdoer. This is such a low move. It's all an act by greedy banksters. To me they're showing that if one day they decide I or someone that I like did something wrong they'll punish him in their own way. I'm glad I don't hold my money in one of those banks. Title: Re: Florida bank says it has closed Trump's accounts Post by: AndySt on January 29, 2021, 10:56:03 PM It is ironic, isn't it? America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. There is nothing better than a reasonable balance between the freedom of private enterprise and the concern of the state for the welfare and health of its citizens. But to the greatest regret, such an ideal balance does not exist, and therefore, with the normal development of the situation, there is another change of conditionally left governments to conditionally right ones. I am not sure that it is possible to build socialism in the United States and the current government can be called socialist.Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on January 30, 2021, 01:39:50 AM “Negative consequences” on the what? The price? Its “reputation”? Bitcoin’s main value proposition is censorship-resistance. ANYONE should use it without fear of being censored. I would like to see Trump use it. In that case since Trump was using fiat currency for more than 7 decades, the price and reputation of the US Dollar should have been affected, right? Some of the users like slapper never fails to amuse me with their ridiculous logic. Trump was the president of the United States from 2016 to 2020 and any endorsement from him would be earth shattering for Bitcoin. But I know that the chances are very minimal. Like all things science and health related, trump's opinion on bitcoin shouldn't be taken seriously. Economics in general are a weakness for him (e.g., tariff wars are easy to win, or I'll pay off the national debt before I leave office). He just says things without the slightest inkling of meaningful thought. He's not gonna move bitcoin; he's no Elon. Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on January 30, 2021, 03:15:10 AM Like all things science and health related, trump's opinion on bitcoin shouldn't be taken seriously. Economics in general are a weakness for him (e.g., tariff wars are easy to win, or I'll pay off the national debt before I leave office). He just says things without the slightest inkling of meaningful thought. He's not gonna move bitcoin; he's no Elon. I would disagree with your observation. Trump received more than 70 million votes during the 2020 POTUS elections. He is perhaps the most popular GOP presidential candidate to this date. With such a huge support base, he can do wonders to Bitcoin and any potential impact would be much larger than what Elon Musk had. And I don't want to argue much about economy. But you can't ignore the fact that the stock market jumped by 70% under his presidency. And this happened despite the pandemic. He knew what he was doing, and the evidence is there. At least his approach was much more logical and sensible compared to the one from Biden, who is busy increasing the taxes left, right and center. Title: Re: Florida bank says it has closed Trump's accounts Post by: bits4books on January 30, 2021, 05:43:17 AM All sorts of progressive liberals and libertarians can say as much as they want that this is private discrimination and it's ok. But if you have your own head on your shoulders and you distinguish at least yellow from red, then you should understand that this will not last long. In the situation with Trump, the whole world has seen how far corporations have come and how much they have covered us with their hands - and this can cause a tsunami of restrictions for everyone from the state. And even though Biden and his team support all this , you will soon see how in the beautiful Socialist America of the Future, corporations will be forced to impose more and more restrictions, justifying this with the protection of free speech and so on. But we still understand what this will lead to in the end. It is ironic, isn't it? America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. I wouldn't say it's ironic. I feel like the" greatest on the planet " America at one point sharply hit the left agenda-benefits, social work, Obama's Care, and so on. This led to the public idea that "everyone around me owes me" and from here there was already a growing snowball of all the "social injustice" and other tears of black single mothers with five children whose husband is sitting for selling drugs - after all, asking for the money from gov. And what did it lead to? Children and young people who read about the conditional USSR only on Reddit and on Soviet-wave sites decided that communism is cool and in general everyone owes us. Here and get it, sign it. Title: Re: Florida bank says it has closed Trump's accounts Post by: bits4books on January 30, 2021, 05:49:11 AM All sorts of progressive liberals and libertarians can say as much as they want that this is private discrimination and it's ok. But if you have your own head on your shoulders and you distinguish at least yellow from red, then you should understand that this will not last long. In the situation with Trump, the whole world has seen how far corporations have come and how much they have covered us with their hands - and this can cause a tsunami of restrictions for everyone from the state. And even though Biden and his team support all this , you will soon see how in the beautiful Socialist America of the Future, corporations will be forced to impose more and more restrictions, justifying this with the protection of free speech and so on. But we still understand what this will lead to in the end. It is ironic, isn't it? America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. So the will of the people was such that Trump won. But everyone from elite decided to ignore the fraud and make Donald a clown and his electorate was naturally outraged. And seeing what their opponents did in 2020, they decided to respond with the same coin. And note at the same time that the entire business - small, medium, and large-suffered during the BLM protests, while only the Capitol environment suffered during the Trump Army rally. The first went against their environment and the second went directly against the authorities. Does this not mean that once again the conservatives have shown who has a head on their shoulders? Title: Re: Florida bank says it has closed Trump's accounts Post by: AngelaT34534 on January 30, 2021, 06:38:26 AM New York's crypto-friendly Bank (SignatureBank) and Deutsche Bank, two A-level financial institutions, also refused to do business with Mr. Trump. The situation of our former Mr. President is not very good
Title: Re: Florida bank says it has closed Trump's accounts Post by: bitgolden on January 30, 2021, 10:20:48 AM America is moving more and more towards socialism, while China is moving towards capitalism. The Chinese had enough of socialism and they saw how it turned out in countries such as the USSR, Cuba and North Korea. Americans have no taste of Socialists in power (until now) and this will be a bitter lesson for them. They need to suffer first, so that they will never chose this option again. How do you imagine one corporation having the power to not work with someone if they do not want to is socialism and forcing that company to working with everyone is capitalism? I do not think that you understand what socialism or capitalism means, capitalism is free market and in a free market you can decline to work with someone if you do not want to.If twitter wants to ban trump, they have that right, it is a company, if Florida bank doesn't want to work with Trump you can't force them to keep working with him, these are their rights and they have been for decades, from papa bush to Clinton to bush jr to Obama to trump these rights have always been there, any company in USA can decline to work with a customer, that is in the root of America. Just because it happens to all might trump you guys love so much doesn't change that it is a common thing in business world. Title: Re: Florida bank says it has closed Trump's accounts Post by: magneto on January 30, 2021, 11:20:07 PM Quote Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? I doubt that he'll necessarily publicly endorse any decentralised cryptocurrencies. However, I do think that once he exhausts all options in the traditional wealth management/banking route, he will be forced to turn to cryptos - just in private. I would also not be surprised if he decided to create his own Trump token or whatnot. He does seem to be precisely the sort of guy to be doing that, although it would take a great fool to believe in anything of this sort coming from him. Title: Re: Florida bank says it has closed Trump's accounts Post by: Gyfts on January 30, 2021, 11:47:41 PM Trump isn't going to be the last person these banks deplatform. I imagine we'll have companies that spring up just for conservative with how "tolerant" the left is -- or this just makes the case for decentralized currency even more appeasing.
Fortunately for Trump, a bank would beg to keep his money within their institution. Title: Re: Florida bank says it has closed Trump's accounts Post by: iamsheikhadil on January 31, 2021, 11:14:10 AM I think banks should strictly stay limited in the business they do and not really participate in social stuffs like politics and stuffs. These gives us a strong message that the financial institutions we trust can also be biased towards certain political leanings and that's bad because an institution shouldn't have such biases. They are free to suspend any accounts if they found Trump guilty of their rules but else, it shouldn't. That's why we need cashless economy and control that decentralized crypto provides us as well ;D
Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on January 31, 2021, 12:11:22 PM Trump isn't going to be the last person these banks deplatform. I imagine we'll have companies that spring up just for conservative with how "tolerant" the left is -- or this just makes the case for decentralized currency even more appeasing. Fortunately for Trump, a bank would beg to keep his money within their institution. That poses a risk for cryptocurrency as well. If the banks close down accounts just for political differences, then we can expect a lot of people to move towards cryptocurrency. At this point, do you really think that the leftist government in power will remain as mute spectators? They will start harassing the cryptocurrency users, in order to prevent this switch. Already Janet Yellen has made some very hostile statements related to cryptocurrency and Bitcoin in particular. And in India, they are talking about making ownership of cryptocurrency a criminal offense, that is punishable by up to 10 years in jail. Title: Re: Florida bank says it has closed Trump's accounts Post by: Natsuu on January 31, 2021, 12:31:09 PM Trump isn't going to be the last person these banks deplatform. I imagine we'll have companies that spring up just for conservative with how "tolerant" the left is -- or this just makes the case for decentralized currency even more appeasing. Fortunately for Trump, a bank would beg to keep his money within their institution. That poses a risk for cryptocurrency as well. If the banks close down accounts just for political differences, then we can expect a lot of people to move towards cryptocurrency. At this point, do you really think that the leftist government in power will remain as mute spectators? They will start harassing the cryptocurrency users, in order to prevent this switch. Already Janet Yellen has made some very hostile statements related to cryptocurrency and Bitcoin in particular. And in India, they are talking about making ownership of cryptocurrency a criminal offense, that is punishable by up to 10 years in jail. India's decision is not necessarily correlated with what is happening in the states and is on the other continent. But it is pretty concerning on what is happening to India. Is there any reason why they are making this law, and how the things scales up that it would become a criminal offense? Title: Re: Florida bank says it has closed Trump's accounts Post by: sana54210 on January 31, 2021, 06:55:04 PM Trump isn't going to be the last person these banks deplatform. I imagine we'll have companies that spring up just for conservative with how "tolerant" the left is -- or this just makes the case for decentralized currency even more appeasing. I think it is not about left or right, banks do not work with criminals and that is probably the only issue here, for the past 100 years we had "right wing" people and they all had a bank to work with and never had a problem.Fortunately for Trump, a bank would beg to keep his money within their institution. Look at people who literally wore white sheet and burned black people, they were called KKK and they still had banks to work with, why? Because, banks do not care if you murder a million people or you hate certain race or you are conservative or not, banks can't care less about what your political ideology is, you know what they care? If you have money and if you pay your debts back. Trump is famous for not paying debt back, dude owns 400+ million debt that was unearthed that he didn't paid back, he kept saying "I have just few buildings worth over that" but that doesn't really mean anything as long as you do not pay it back. So, if you are a very far left criminal or a very far right criminal you would be banned from banks, they only care about your money. Title: Re: Florida bank says it has closed Trump's accounts Post by: Vishnu.Reang on February 01, 2021, 05:02:27 AM India's decision is not necessarily correlated with what is happening in the states and is on the other continent. But it is pretty concerning on what is happening to India. Is there any reason why they are making this law, and how the things scales up that it would become a criminal offense? Well.. I am from India, and I guess I can explain this a bit in detail. The current Indian government is essentially run by a few corporate houses such as Adani and Reliance. Ever since the NDA came to power in 2014, the government has been trying hard to give a complete monopoly to a few corporates such as these two in the Indian market, by prohibiting competition from the other sources. Cryptocurrency caught their attention, after the recent bull run. The methodology is very simple and straight forward. Ban established cryptocurrencies such as Bitcoin and Ethereum, so that the Adani/Ambani cartel can launch their own version in the future with 90% or 95% pre-mine. Title: Re: Florida bank says it has closed Trump's accounts Post by: perfect999 on February 01, 2021, 10:30:42 AM So the will of the people was such that Trump won. But everyone from elite decided to ignore the fraud and make Donald a clown and his electorate was naturally outraged. And seeing what their opponents did in 2020, they decided to respond with the same coin. And note at the same time that the entire business - small, medium, and large-suffered during the BLM protests, while only the Capitol environment suffered during the Trump Army rally. The first went against their environment and the second went directly against the authorities. Does this not mean that once again the conservatives have shown who has a head on their shoulders? You can try to sugarcoat it however as you please, you can even show the capitol attackers as the heros of this story if you want to change the narrative but that will never happen in the eyes of the winners, by winners I mean the people who won the congress, the senate, the vp and the president of united states of America, there is literally nothing else you can win right now and democrats won it all, republicans are the losers in this story and will stay like that forever, there is no way to change that.You want to know the reality of the situation? BLM attacked everywhere they can find according to you, instead it was proven that there was white supremacists that got jailed poised as BLM protestors to diminish the real movement, they were literally jailed for it and all BLM movement people got tear gassed and rubber bullets and even elderly were shoved to grounds and hurt, that is how everyone reacted to people protesting police brutality, the response was literally more police brutality. You want to know what happened with "trump army" morons? They were attacking capital to zipt tie and take hostage elected officials maybe even worse, and wanted to take over the congress and wanted to appoint Trump as the president, which is a coup and they didn't want the real results of Biden winning to be accepted and they wanted Trump to hold power even after he lost, that is treason and I do not care how you want to name it, reality is treason. Title: Re: Florida bank says it has closed Trump's accounts Post by: kolbalish on February 01, 2021, 05:18:04 PM No matter of worry, trump is a rich person that he may not get panic if one bank closes his a/c. He has much option to maintain a/c. But it can't say that if trump involves in crypto or not. Because he was a president and he knows very well about government rules so I think he should not involve in BTC.
Title: Re: Florida bank says it has closed Trump's accounts Post by: CarnagexD on February 01, 2021, 10:11:40 PM Publicizing their actions against Trump will give them the chance to gather people who are against Trump into their banking institution, so it wouldn't be surprising. Not to mention the fact that compared to the money that goes in and out of their pockets, Trump's money in their vaults will amount to nothing but pennies. That's why they are confident about this.
Title: Re: Florida bank says it has closed Trump's accounts Post by: STT on February 01, 2021, 10:25:30 PM DB is dumping the debt rather then holding it to term, this isnt altering Trump directly mostly themselves. So they'll not make as much profit on the debt as they might have otherwise, they are sharing that profit in prospect with another company and they'll be a line of various operations willing to buy a liquid servicing asset.
It might imply Trump will not as easily in future raise debt or it might cost more to do so, that reduces his planning for large buildings taking place maybe or just means he will rely more on partners to raise money rather then himself. Theres so many options made available to working businesses, DB is high profile and wanted to rid themselves of the publicity but quite a few finance operations have no wider public recognition and will be happy to make themselves of service to any party wishing to legally pay interest for their debt, all quite normal. Quote Could Trump's 1st response be to seek out liquidity in cryptocurrencies. I think Trump can find finance even in dollars easy enough and if not he has the support of many different nations. Its quite common for former national leaders to take up diplomatic positions to further the causes of middle eastern, asia interests or wherever is neglected in attentions, Im not convinced they can cancel Trump this easily. Its only one side of the story, DB wants to stay neutral understandably. Title: Re: Florida bank says it has closed Trump's accounts Post by: Shasha80 on February 01, 2021, 10:53:56 PM I'm sure a stubborn person like Trump wouldn't want to seek liquidity in cryptocurrency, I'm sure Trump will find another solution. Trump before
becoming president of America was a successful businessman, Even now Trump is still a successful businessman with many networks in various sectors. Including in the financial sector, I'm sure Trump will find another bank to do business with. Since Trump has been in business for so long, there must be other banks that support Trump. I don't think this news will affect crypto societies, because it is not directly related to cryptocurrency. Title: Re: Florida bank says it has closed Trump's accounts Post by: goaldigger on February 01, 2021, 11:40:56 PM The impeachment trial is still on-going and if Trump is guilty, he will never be allowed to run on any position in the government and we the ordinary people have to move on as well and focus on rebuilding ourselves, let’s hope that the new administration will deliver. Also, Trump is too old and better for him to enjoy his fortune before its too late.
Title: Re: Florida bank says it has closed Trump's accounts Post by: AndySt on February 01, 2021, 11:51:37 PM I think Trump can find finance even in dollars easy enough and if not he has the support of many different nations. Its quite common for former national leaders to take up diplomatic positions to further the causes of middle eastern, asia interests or wherever is neglected in attentions, Im not convinced they can cancel Trump this easily. Its only one side of the story, DB wants to stay neutral understandably. Recently, it was reported that Trump collected $ 170 million in donations for his "Save America" political action committee. I do not think that anyone will offer a diplomatic post to Trump in the current situation, or Trump himself will agree to it, given the ongoing impeachment situation and the political ambitions of the former president, who would not mind participating in the next presidential race for the post of White House host. It's no secret that this whole impeachment fuss is designed to throw Trump out of politics and not allow him to run next time.Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on February 02, 2021, 03:27:18 AM I'm sure a stubborn person like Trump wouldn't want to seek liquidity in cryptocurrency, I'm sure Trump will find another solution. Trump before becoming president of America was a successful businessman, Even now Trump is still a successful businessman with many networks in various sectors. Including in the financial sector, I'm sure Trump will find another bank to do business with. Since Trump has been in business for so long, there must be other banks that support Trump. I don't think this news will affect crypto societies, because it is not directly related to cryptocurrency. ROFL.. Trump can easily purchase a few dozens banks if he want. On the other hand, this is the first time I am hearing about the two banks mentioned here (Banks United and Professional Bank). Trump probably don't care about all this and these bankers have their two minutes of publicity. But in case Trump decides to initiate legal action against them, then I am quite sure that the banks will find themselves in trouble. Title: Re: Florida bank says it has closed Trump's accounts Post by: beerlover on February 02, 2021, 10:21:48 AM People are talking about "cancel culture" like it is something that they can't do. You find a person doing a movie that used to be racist? Cancel his movie, you find some athlete being sexist? Do not sign a contract. These are all within rights, hell Coling Kaep was kneeling for the national anthem for few years before he was basically fired from the NFL, no team wanted to sign him and get the attention so nobody signed him, that is a cancel culture move by the right, and even though we can complain about it, it is within each teams right, what are we going to do force teams to sign him no matter what? You can't do that.
If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on February 02, 2021, 12:04:10 PM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. The difference here is that the cake shop which refused to bake the gay anniversary celebration cake was fined a huge amount and was forced to declare bankruptcy. On the other hand, the bank which terminated Trump's account will never face any action. I am not justifying anyone here. For me, both the actions are wrong. My issue is that when the left-wing nuts harass someone, it is regarded as a "revolutionary move" and when someone from the right-wing does the same all of a sudden it becomes an expression of xenophobia. https://en.wikipedia.org/wiki/Klein_v._Oregon_Bureau_of_Labor_and_Industries Title: Re: Florida bank says it has closed Trump's accounts Post by: jostorres on February 02, 2021, 07:00:27 PM I'm sure a stubborn person like Trump wouldn't want to seek liquidity in cryptocurrency, I'm sure Trump will find another solution. Trump before ROFL.. Trump can easily purchase a few dozens banks if he want. On the other hand, this is the first time I am hearing about the two banks mentioned here (Banks United and Professional Bank). Trump probably don't care about all this and these bankers have their two minutes of publicity. But in case Trump decides to initiate legal action against them, then I am quite sure that the banks will find themselves in trouble. becoming president of America was a successful businessman, Even now Trump is still a successful businessman with many networks in various sectors. Including in the financial sector, I'm sure Trump will find another bank to do business with. Since Trump has been in business for so long, there must be other banks that support Trump. I don't think this news will affect crypto societies, because it is not directly related to cryptocurrency. So, only way trump could ever buy a bank would be to get investments and not by himself. Which is doable, but like I said not just by himself, he needs his supporters to pay for it. Title: Re: Florida bank says it has closed Trump's accounts Post by: santiPOGI on February 02, 2021, 11:56:07 PM In my own assessment, I think Trump during the time he is President He was started to buy a lot of Bitcoin then Hold it until now perhaps.
This might be the reason why the bank of Florida closed, but not so sure about this just a thought only. But I am pretty sure Donald Trump was one of the Bitcoin whale holders ;D Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on February 03, 2021, 03:18:38 AM How "rich" do you think Trump is? I mean if we are talking about one small tiny local bank he could do that but banks that are big cost a lot of money and a lot of scrunity from SEC as well and requires you to spend billion in purchasing them as well, on top of that you said dozens banks if he wants as well, which means we are talking about such a huge amount that even the richest people in the world would have to sell all their stock in their company just to be able to do something like that. Do not get me wrong, this doesn't specifically mean "trump" can't buy dozens of banks, it just means no one person can buy a big bank, usually when there is acquisitions of banks that happens with a huge company or an organization, which means a lot of people get together to do it. So, only way trump could ever buy a bank would be to get investments and not by himself. Which is doable, but like I said not just by himself, he needs his supporters to pay for it. Banks are not that expensive. Donald Trump's current wealth is estimated at more than $3 billion. Obviously he won't be able to purchase the major banks such as JPMorgan Chase, which is having a market cap of close to $400 billion. I am talking about smaller banks, such as Blue Ridge Bankshares and Byline Bancorp, which are having market cap of a few hundred million USD. And most of the small private banks are not even listed in any of the stock exchanges. Title: Re: Florida bank says it has closed Trump's accounts Post by: carlisle1 on February 03, 2021, 03:28:06 AM In my own assessment, I think Trump during the time he is President He was started to buy a lot of Bitcoin then Hold it until now perhaps. Your assessment ? so meaning is trump is a Liar? he keeps discouraging people about crypto and against Bitcoin but behind that he is the one whos Buying this ? then if that is the case then he is really a stupid and BS president of all time?Quote This might be the reason why the bank of Florida closed, but not so sure about this just a thought only. But I am pretty sure Donald Trump was one of the Bitcoin whale holders ;D Lol it is because He seems to be having a Wrong action this past weeks when the election ends so the Banks closed his account and even the social media do the same so they will prevent the spread of the Coup d'etat or some revolution that might happen .Title: Re: Florida bank says it has closed Trump's accounts Post by: SirLancelot on February 04, 2021, 04:37:07 PM Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? I am not entirely sure but I think what the bank is doing is totally wrong by closing his accounts, like seriously do the banks really have to take any side in a case like this? I don’t think the bank had any say in such situation, they have no other business than to just mind their business which offering services to customers, they shouldn’t be exercising rights and choosing who’s accounts to close or whatsoever, even twitter closing his account is totally wrong, these people have no business with that. Although it’s not like I’m supporting Trump, but what they did is totally wrong. I don’t know if Trump will go for decentralized cryptocurrencies, but we know he doesn’t like them.Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. Title: Re: Florida bank says it has closed Trump's accounts Post by: bits4books on February 06, 2021, 06:16:54 AM So the will of the people was such that Trump won. But everyone from elite decided to ignore the fraud and make Donald a clown and his electorate was naturally outraged. And seeing what their opponents did in 2020, they decided to respond with the same coin. And note at the same time that the entire business - small, medium, and large-suffered during the BLM protests, while only the Capitol environment suffered during the Trump Army rally. The first went against their environment and the second went directly against the authorities. Does this not mean that once again the conservatives have shown who has a head on their shoulders? You can try to sugarcoat it however as you please, you can even show the capitol attackers as the heros of this story if you want to change the narrative but that will never happen in the eyes of the winners, by winners I mean the people who won the congress, the senate, the vp and the president of united states of America, there is literally nothing else you can win right now and democrats won it all, republicans are the losers in this story and will stay like that forever, there is no way to change that.You want to know the reality of the situation? BLM attacked everywhere they can find according to you, instead it was proven that there was white supremacists that got jailed poised as BLM protestors to diminish the real movement, they were literally jailed for it and all BLM movement people got tear gassed and rubber bullets and even elderly were shoved to grounds and hurt, that is how everyone reacted to people protesting police brutality, the response was literally more police brutality. You want to know what happened with "trump army" morons? They were attacking capital to zipt tie and take hostage elected officials maybe even worse, and wanted to take over the congress and wanted to appoint Trump as the president, which is a coup and they didn't want the real results of Biden winning to be accepted and they wanted Trump to hold power even after he lost, that is treason and I do not care how you want to name it, reality is treason. I'm not saying that the people who captured the congress are heroes. I'm just saying that instead of breaking everything around like BLM, including innocent small businesses that have already sunk very much due to the pandemic. I'm saying that smashing up the city streets like you're fighting another tribe in your own damn Africa it's never cool. If you have a claim to the government then go to the government, and not to those people who live next to you and are also dissatisfied with a lot of things. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on February 06, 2021, 07:12:43 AM Like all things science and health related, trump's opinion on bitcoin shouldn't be taken seriously. Economics in general are a weakness for him (e.g., tariff wars are easy to win, or I'll pay off the national debt before I leave office). He just says things without the slightest inkling of meaningful thought. He's not gonna move bitcoin; he's no Elon. I would disagree with your observation. Trump received more than 70 million votes during the 2020 POTUS elections. He is perhaps the most popular GOP presidential candidate to this date. With such a huge support base, he can do wonders to Bitcoin and any potential impact would be much larger than what Elon Musk had. And I don't want to argue much about economy. But you can't ignore the fact that the stock market jumped by 70% under his presidency. And this happened despite the pandemic. He knew what he was doing, and the evidence is there. At least his approach was much more logical and sensible compared to the one from Biden, who is busy increasing the taxes left, right and center. The stock market is not and never has been a good indicator of economic growth. When you look at actually growth in the economy, Trump was below average and nothing special. https://i.imgur.com/i08wNvn.png Also, Biden hasn't been in office long enough to change taxes. I'm afraid your maga side is showing through. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on February 06, 2021, 07:24:24 AM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. The difference here is that the cake shop which refused to bake the gay anniversary celebration cake was fined a huge amount and was forced to declare bankruptcy. On the other hand, the bank which terminated Trump's account will never face any action. I am not justifying anyone here. For me, both the actions are wrong. My issue is that when the left-wing nuts harass someone, it is regarded as a "revolutionary move" and when someone from the right-wing does the same all of a sudden it becomes an expression of xenophobia. https://en.wikipedia.org/wiki/Klein_v._Oregon_Bureau_of_Labor_and_Industries Another difference that has been neglected is that being a rich white asshole is not a protected class like being gay. As for the actions of the bakery and the bank, I don't agree that either actions are wrong. I don't think a business should be be forced to do business with someone they don't want to. But you have to look at who the "left wing nuts" (as you term them) and the "right wing" (apparently not nuts?) target with their actions. The "left wing" is always acting to protect classes that have historically been marginalized, and the "right wing" is always punching down against marginalized groups. So while I don't agree the bakery should have been fined, I understand the impetus to protect a class of people that has historically been marginalized and not had equal protection under the law. Title: Re: Florida bank says it has closed Trump's accounts Post by: Lorence.xD on February 06, 2021, 08:59:35 AM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. The cake shop is bigot but the bank is not, that is the difference. Just because they both denied their services doesn't necessarily mean that they are similar, for me that is just a pathetic excuse of bigotry. The reason that business doesn't want to do anything with Trump is because they know that it will tarnish their reputation, the reputation of the bank whereas the case with the gay hating bake shop, it is the reputation of the owner whose mind is still living in the 1940s. If it is a free market then how come we are discriminating a customer/client?Title: Re: Florida bank says it has closed Trump's accounts Post by: vintages on February 06, 2021, 09:20:23 AM The guy can still bank with other banks of florida bank seems or finally decides to block him. He could even own a foreign account in another country which no one knows about. And I also feel he will invest in cryptocurrency in the future, thats if he has not purchase any and stored it already.
Title: Re: Florida bank says it has closed Trump's accounts Post by: Febo on February 06, 2021, 02:54:10 PM The guy can still bank with other banks of florida bank seems or finally decides to block him. He could even own a foreign account in another country which no one knows about. And I also feel he will invest in cryptocurrency in the future, thats if he has not purchase any and stored it already. USA have influence over many countries. Yes he can have account in North Korea or China or few other countries but not in most. If somehow USA government want to sanction Trump they will be very successful doing that. Title: Re: Florida bank says it has closed Trump's accounts Post by: redsun114 on February 06, 2021, 04:01:13 PM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. Listen I sort of agree that if you provide a service you are free to offer whom you want and whom not to offer but the problem starts when you are open to all but a specific group of people. Imagine if the government decides they are not going to allow you to live in the country, is that okay for you? I mean they are the ones who have the power and they can decide whom they want to keep in their country and whom not, right? that is why you have to give a strong reason when you make an exception for someone or a group of people.Its easy to laugh and make fun of people who are down and out but imagine the same happening with yourself and you will realize what the problem really is. It is similar to saying if someone got raped then it was her misfortune but the truth is that we need to improve not the person who suffered. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on February 06, 2021, 04:43:13 PM The guy can still bank with other banks of florida bank seems or finally decides to block him. He could even own a foreign account in another country which no one knows about. And I also feel he will invest in cryptocurrency in the future, thats if he has not purchase any and stored it already. USA have influence over many countries. Yes he can have account in North Korea or China or few other countries but not in most. If somehow USA government want to sanction Trump they will be very successful doing that. It's illegal in the US to have a bank account in North Korea or do any business with North Korea because of sanctions against the North Korean government. Title: Re: Florida bank says it has closed Trump's accounts Post by: 7788bitcoin on February 06, 2021, 05:17:41 PM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. The free market should have certain limits, if a bank does not work with a certain individual or business they need to have a concrete reason before closing down as long as they function under a regulation. If they have the authority to close down any accounts what happens if they start targeting other accounts as well. So i do not support these target propaganda as it can happen to you as well. Title: Re: Florida bank says it has closed Trump's accounts Post by: iamsheikhadil on February 06, 2021, 05:36:31 PM If a bank wants to not work with trump, that is fine, that is always fine, if a cake shop decides not to bake for gay people, then a bank can decide to not work with trump. Twitter CAN ban him, it is not freedom of speech issue, it is literally within their rights to not work with anyone they want. This is free market. The difference here is that the cake shop which refused to bake the gay anniversary celebration cake was fined a huge amount and was forced to declare bankruptcy. On the other hand, the bank which terminated Trump's account will never face any action. I am not justifying anyone here. For me, both the actions are wrong. My issue is that when the left-wing nuts harass someone, it is regarded as a "revolutionary move" and when someone from the right-wing does the same all of a sudden it becomes an expression of xenophobia. https://en.wikipedia.org/wiki/Klein_v._Oregon_Bureau_of_Labor_and_Industries Twitter is a private company, and they can decide if someone broke their rules, and if they find that, they can ban anyone, with evidences of the broken rules obviously. When Trump incited a big protest and continued to fuel it, Twitter saw it as a violation of its policy which is inciting hate and hence they banned him. But I don't agree with when banks ban Trump, they just simply can't say, "We don't like what Trump is doing in politics, we are breaking all ties with him", they can't do it. But if Trump broke rules of the bank, then only they can ban him, else not. Title: Re: Florida bank says it has closed Trump's accounts Post by: Dragonfund on February 06, 2021, 09:33:45 PM Trump isn't going to be the last person these banks deplatform. I imagine we'll have companies that spring up just for conservative with how "tolerant" the left is -- or this just makes the case for decentralized currency even more appeasing. Fortunately for Trump, a bank would beg to keep his money within their institution. The close of his bank account sound too polical to me. Who dares close the bank of one of the president of the United State if not the same opposition party, I have never be a fan but I just think the action was just too political interest and. Way to get back him. He wasn't different from whatever they are doing to him currently, heis one and only president of the United States that talk arrogantly, believe everything is fake, don't like one's opinion and lastly a racist. I just hope Biden doesn't end up deceiving the masses because too much of disappointment end up moat of the time as disappointment. Title: Re: Florida bank says it has closed Trump's accounts Post by: AndySt on February 06, 2021, 10:20:42 PM Twitter is a private company, and they can decide if someone broke their rules, and if they find that, they can ban anyone, with evidences of the broken rules obviously. When Trump incited a big protest and continued to fuel it, Twitter saw it as a violation of its policy which is inciting hate and hence they banned him. But I don't agree with when banks ban Trump, they just simply can't say, "We don't like what Trump is doing in politics, we are breaking all ties with him", they can't do it. But if Trump broke rules of the bank, then only they can ban him, else not. In general, everything has been overly politicized lately and sometimes there is a strong feeling that the whole world has gone mad and all the rules of the game in politics and business are no longer observed by the warring parties. However, regarding Trump, I would like to note that a certain irony lies in the fact that it was the former president who had a lot to do with violating unwritten rules in his activities as the first person of the United States and can be said to pay for it in a certain way.Title: Re: Florida bank says it has closed Trump's accounts Post by: aesma on February 07, 2021, 12:03:59 AM How "rich" do you think Trump is? I mean if we are talking about one small tiny local bank he could do that but banks that are big cost a lot of money and a lot of scrunity from SEC as well and requires you to spend billion in purchasing them as well, on top of that you said dozens banks if he wants as well, which means we are talking about such a huge amount that even the richest people in the world would have to sell all their stock in their company just to be able to do something like that. Do not get me wrong, this doesn't specifically mean "trump" can't buy dozens of banks, it just means no one person can buy a big bank, usually when there is acquisitions of banks that happens with a huge company or an organization, which means a lot of people get together to do it. So, only way trump could ever buy a bank would be to get investments and not by himself. Which is doable, but like I said not just by himself, he needs his supporters to pay for it. Banks are not that expensive. Donald Trump's current wealth is estimated at more than $3 billion. Obviously he won't be able to purchase the major banks such as JPMorgan Chase, which is having a market cap of close to $400 billion. I am talking about smaller banks, such as Blue Ridge Bankshares and Byline Bancorp, which are having market cap of a few hundred million USD. And most of the small private banks are not even listed in any of the stock exchanges. Banking is heavily regulated. I doubt someone under investigation for all kinds of things, including tax evasion and fraud, can be allowed to buy a bank. Also Trump's "wealth" if it exists is mostly in real estate, he doesn't have billions lying around to buy stuff. Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on February 07, 2021, 04:04:45 AM Like all things science and health related, trump's opinion on bitcoin shouldn't be taken seriously. Economics in general are a weakness for him (e.g., tariff wars are easy to win, or I'll pay off the national debt before I leave office). He just says things without the slightest inkling of meaningful thought. He's not gonna move bitcoin; he's no Elon. I would disagree with your observation. Trump received more than 70 million votes during the 2020 POTUS elections. He is perhaps the most popular GOP presidential candidate to this date. With such a huge support base, he can do wonders to Bitcoin and any potential impact would be much larger than what Elon Musk had. And I don't want to argue much about economy. But you can't ignore the fact that the stock market jumped by 70% under his presidency. And this happened despite the pandemic. He knew what he was doing, and the evidence is there. At least his approach was much more logical and sensible compared to the one from Biden, who is busy increasing the taxes left, right and center. The stock market is not and never has been a good indicator of economic growth. When you look at actually growth in the economy, Trump was below average and nothing special. https://i.imgur.com/i08wNvn.png Also, Biden hasn't been in office long enough to change taxes. I'm afraid your maga side is showing through. That is not the full picture. The GDP growth during Trump's term was seriously impacted as a result of the COVID 19 pandemic (but it is still noteworthy that it ended up in positive). As you have mentioned, the annual GDP growth during Obama's term was 1.6% and during the term of GW Bush it was 2.2%. But in 2017 (Trump's first year at office), the GDP growth was +2.4%, which is much higher than what Bush and Obama managed. In 2018, this went up to 2.9%, slowing down to 2.2% in 2019. Everyone were expecting more than 2% growth in 2020, but the COVID pandemic destroyed those expectations. What you have done is distorting data and that is not going to work. Title: Re: Florida bank says it has closed Trump's accounts Post by: Tim101 on February 07, 2021, 04:19:32 AM Early in the trump admin. Bannon tweeted a bitcoin address. Chances are he’s been riding the bitcoin bus this whole time.
Title: Re: Florida bank says it has closed Trump's accounts Post by: Natsuu on February 07, 2021, 04:58:21 AM Early in the trump admin. Bannon tweeted a bitcoin address. Chances are he’s been riding the bitcoin bus this whole time. Bannon is not necessarily involve in everything about Trump's financial. Chances may dictate that bannon's tweet is regarding his own personal BTC address and not having to do with Trump. Plus, Trump is somehow not a fan of crypto just like Jeff Bezo. Title: Re: Florida bank says it has closed Trump's accounts Post by: lixer on February 07, 2021, 06:58:06 AM New York's crypto-friendly Bank (SignatureBank) and Deutsche Bank, two A-level financial institutions, also refused to do business with Mr. Trump. The situation of our former Mr. President is not very good Well, this is one of the most unfortunate things in politics and mind you I hate Trump but ones the position is lost the people who used to work under you, now try and make you feel down which is not healthy politics. Just because he is not more the president should not determine whom he should do business with and who should work with and against him. Although that said, I hate him so much that I don't mind him facing some harsh reality because he was too big a bad mouth when he was in power and sometimes you have to pay for the nonsense you did during your reign. Title: Re: Florida bank says it has closed Trump's accounts Post by: bryant.coleman on February 07, 2021, 12:21:14 PM Another difference that has been neglected is that being a rich white asshole is not a protected class like being gay. As for the actions of the bakery and the bank, I don't agree that either actions are wrong. I don't think a business should be be forced to do business with someone they don't want to. But you have to look at who the "left wing nuts" (as you term them) and the "right wing" (apparently not nuts?) target with their actions. The "left wing" is always acting to protect classes that have historically been marginalized, and the "right wing" is always punching down against marginalized groups. So while I don't agree the bakery should have been fined, I understand the impetus to protect a class of people that has historically been marginalized and not had equal protection under the law. OK.. let me traslate that to simple words - discriminating against "gays" is not OK, since they are a "marginalized group". On the other hand, discriminating against Trump is OK, since he is a heterosexual white man. You could have posted this in simple words rather than beating around the bush. As far as I am concerned, if discrimination is bad, then both the cases are bad. I don't give preferential treatment to any group just because they claim that are "marginalized". Being marginalized doesn't give anyone any special privileges. Law should be equal to everyone. Title: Re: Florida bank says it has closed Trump's accounts Post by: SquallLeonhart on February 07, 2021, 05:13:53 PM The difference here is that the cake shop which refused to bake the gay anniversary celebration cake was fined a huge amount and was forced to declare bankruptcy. On the other hand, the bank which terminated Trump's account will never face any action. I am not justifying anyone here. For me, both the actions are wrong. My issue is that when the left-wing nuts harass someone, it is regarded as a "revolutionary move" and when someone from the right-wing does the same all of a sudden it becomes an expression of xenophobia. Okay let's tackle that one by one. Here we are, seeing a shit ton of people who think Florida bank did a wrong move, they do talk about them like they are so small they could be bought, and they will be closed because all republicans in Florida will take their money away from there.https://en.wikipedia.org/wiki/Klein_v._Oregon_Bureau_of_Labor_and_Industries So, as you can see "cancel culture" is quite apparent in republicans as well, the "left-wing" hates trump and they have every right to, not just because he is a bad person, but because it is a human right to hate someone and if something bad happens to someone you hate you find that awesome. But, you think that is different in republican places? If this Florida bank bankrupts today, tomorrow there will be celebrations, you see it HERE how people hate the bank already. So, left or right, both find moves great, that cake shop owner was seen as a hero by republicans at the time, this bank seen as hero by left now. If bank will be sued just like cake shop did, please do so, its everyone's right to sue if they feel unjustified. Title: Re: Florida bank says it has closed Trump's accounts Post by: Febo on February 07, 2021, 05:28:21 PM The guy can still bank with other banks of florida bank seems or finally decides to block him. He could even own a foreign account in another country which no one knows about. And I also feel he will invest in cryptocurrency in the future, thats if he has not purchase any and stored it already. USA have influence over many countries. Yes he can have account in North Korea or China or few other countries but not in most. If somehow USA government want to sanction Trump they will be very successful doing that. It's illegal in the US to have a bank account in North Korea or do any business with North Korea because of sanctions against the North Korean government. Well in case we are talking he would leave USA. What would be the point to have money in North Korea and himself be locked in prison? My point was that going abroad cant really save him unless he pick countries that are not very friendly with USA. Title: Re: Florida bank says it has closed Trump's accounts Post by: aesma on February 07, 2021, 09:03:50 PM Another difference that has been neglected is that being a rich white asshole is not a protected class like being gay. As for the actions of the bakery and the bank, I don't agree that either actions are wrong. I don't think a business should be be forced to do business with someone they don't want to. But you have to look at who the "left wing nuts" (as you term them) and the "right wing" (apparently not nuts?) target with their actions. The "left wing" is always acting to protect classes that have historically been marginalized, and the "right wing" is always punching down against marginalized groups. So while I don't agree the bakery should have been fined, I understand the impetus to protect a class of people that has historically been marginalized and not had equal protection under the law. OK.. let me traslate that to simple words - discriminating against "gays" is not OK, since they are a "marginalized group". On the other hand, discriminating against Trump is OK, since he is a heterosexual white man. You could have posted this in simple words rather than beating around the bush. As far as I am concerned, if discrimination is bad, then both the cases are bad. I don't give preferential treatment to any group just because they claim that are "marginalized". Being marginalized doesn't give anyone any special privileges. Law should be equal to everyone. Trump isn't being discriminated against by banks. Banks have been avoiding doing business with him for decades, because he borrows money, then goes bankrupt and never pays back. These latest banks to dump him have just figured the risk wasn't worth it. Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on February 08, 2021, 03:24:08 AM Trump isn't being discriminated against by banks. Banks have been avoiding doing business with him for decades, because he borrows money, then goes bankrupt and never pays back. These latest banks to dump him have just figured the risk wasn't worth it. That is inaccurate. If you look at the OP, then the reason being given by the banks is: Quote Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election. So it is very clear that the refusal of the banks have nothing to do with any potential default, and it is clearly politically motivated. In simple terms, the banks closed down his account, because he refused to certify the elections. I am not saying that Trump's refusal to certify the election was a valid move. But who are these banks to decide that? Have they done the same, if a Democrat politician was on the other side? It is not the duty of some private bank to decide what the president should do. There is a reason why they have two houses of the parliament in the United States. Title: Re: Florida bank says it has closed Trump's accounts Post by: kotajikikox on February 08, 2021, 05:48:16 AM Early in the trump admin. Bannon tweeted a bitcoin address. Chances are he’s been riding the bitcoin bus this whole time. Bannon is not necessarily involve in everything about Trump's financial. Chances may dictate that bannon's tweet is regarding his own personal BTC address and not having to do with Trump. Plus, Trump is somehow not a fan of crypto just like Jeff Bezo. We are a crypto People and the silence majority maybe politicians or celebrities ? No one knows. Title: Re: Florida bank says it has closed Trump's accounts Post by: Vishnu.Reang on February 08, 2021, 06:36:56 AM Who can tell that a Person that talks against crypto all the time is really not involving in crypto? Remember that we are in Decentralized and Anonymous community (though not totally anonymous) so Either Trump or Biden does not have Bitcoin ? or other cryptocurrencies . We are a crypto People and the silence majority maybe politicians or celebrities ? No one knows. It is not easy for politicians to own some asset and stay anonymous. I don't know about the situation in the United States, but in countries such as Ukraine it is mandatory for the politicians to declare all their assets, including cryptocurrency. This is to make sure that there is no conflict of interest. But there is an ongoing debate whether the politicians should declare their assets or not, as it will increase their security threat. Here in India, all those who want to contest elections need to give written affidavit detailing all the assets they own. Title: Re: Florida bank says it has closed Trump's accounts Post by: Vatimins on February 08, 2021, 05:40:49 PM The things that are happening between trump and these banks are just natural. These are all just because of the recent events that took place. But despite this, money is still money, these banks may be just want to look good by making these actions. The hwat will probably just cool down with time and that would make way for trump. But even if not, there are still other banks who does accepts his money. So until he is really against the wall, I do not think he will be using bitcoins or any crypto currency unless he really has his back up against the wall. He hates these things and only trust the traditional way of earning. That's just who he is.
Title: Re: Florida bank says it has closed Trump's accounts Post by: jaberwock on February 09, 2021, 10:16:44 AM Who can tell that a Person that talks against crypto all the time is really not involving in crypto? Remember that we are in Decentralized and Anonymous community (though not totally anonymous) so Either Trump or Biden does not have Bitcoin ? or other cryptocurrencies . We are a crypto People and the silence majority maybe politicians or celebrities ? No one knows. It is not easy for politicians to own some asset and stay anonymous. I don't know about the situation in the United States, but in countries such as Ukraine it is mandatory for the politicians to declare all their assets, including cryptocurrency. This is to make sure that there is no conflict of interest. But there is an ongoing debate whether the politicians should declare their assets or not, as it will increase their security threat. Here in India, all those who want to contest elections need to give written affidavit detailing all the assets they own. Long story short, it is impossible to personally own crypto and hide it, however you could do like "tell my uncles sons wives cousins to buy some bitcoin" type of stuff, that is as "secret" as you can get, give someone cash, tell them to use it for buying bitcoin, but we are talking about president of USA, I am sure neither of them needed to do anything like that, nor ever felt the need to own bitcoin when they are in the most powerful position in the world. Title: Re: Florida bank says it has closed Trump's accounts Post by: aesma on February 10, 2021, 11:35:05 PM So it is very clear that the refusal of the banks have nothing to do with any potential default, and it is clearly politically motivated. In simple terms, the banks closed down his account, because he refused to certify the elections. I am not saying that Trump's refusal to certify the election was a valid move. But who are these banks to decide that? Have they done the same, if a Democrat politician was on the other side? It is not the duty of some private bank to decide what the president should do. There is a reason why they have two houses of the parliament in the United States. Actually in the US companies are people, and money is free speech, thanks to GOP lawmakers and justices, so a bank taking a decision based on politics seems normal. Also, like all companies, banks rely on having certainty and stability, showing strong disapproval of politicians who are ready to start a constitutional crisis or even a civil war for no good reason is good business. Title: Re: Florida bank says it has closed Trump's accounts Post by: Sithara007 on February 11, 2021, 06:16:14 AM Actually in the US companies are people, and money is free speech, thanks to GOP lawmakers and justices, so a bank taking a decision based on politics seems normal. Also, like all companies, banks rely on having certainty and stability, showing strong disapproval of politicians who are ready to start a constitutional crisis or even a civil war for no good reason is good business. All this is fine. But only as long as the other side is also allowed to do the same. You want banks to discriminate based on political beliefs? You can say that they have the right to do so, since they are private business. OK. Fine. Perfectly agreed. But next time don't post sob-stories here when a Muslim or Homosexual face discrimination at a bakery or a bank. There can't be one criteria for one group, and another for a different group. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on February 14, 2021, 02:34:33 PM Like all things science and health related, trump's opinion on bitcoin shouldn't be taken seriously. Economics in general are a weakness for him (e.g., tariff wars are easy to win, or I'll pay off the national debt before I leave office). He just says things without the slightest inkling of meaningful thought. He's not gonna move bitcoin; he's no Elon. I would disagree with your observation. Trump received more than 70 million votes during the 2020 POTUS elections. He is perhaps the most popular GOP presidential candidate to this date. With such a huge support base, he can do wonders to Bitcoin and any potential impact would be much larger than what Elon Musk had. And I don't want to argue much about economy. But you can't ignore the fact that the stock market jumped by 70% under his presidency. And this happened despite the pandemic. He knew what he was doing, and the evidence is there. At least his approach was much more logical and sensible compared to the one from Biden, who is busy increasing the taxes left, right and center. The stock market is not and never has been a good indicator of economic growth. When you look at actually growth in the economy, Trump was below average and nothing special. https://i.imgur.com/i08wNvn.png Also, Biden hasn't been in office long enough to change taxes. I'm afraid your maga side is showing through. That is not the full picture. The GDP growth during Trump's term was seriously impacted as a result of the COVID 19 pandemic (but it is still noteworthy that it ended up in positive). As you have mentioned, the annual GDP growth during Obama's term was 1.6% and during the term of GW Bush it was 2.2%. But in 2017 (Trump's first year at office), the GDP growth was +2.4%, which is much higher than what Bush and Obama managed. In 2018, this went up to 2.9%, slowing down to 2.2% in 2019. Everyone were expecting more than 2% growth in 2020, but the COVID pandemic destroyed those expectations. What you have done is distorting data and that is not going to work. Yeah, there's always an excuse for the trump crowd. Now you want to strip out the effects of covid and only count the good years, but don't want to strip out the effects of the financial crisis from Obama and Bush? And if you strip out the one-time negative effects, you have to strip out the one-time positive effects, like the temporary boost to GDP due to the tax cut and the boost to businesses racing to get ahead of the tariff war he started. Be consistent. If we look at only the best quarters, trump loses there too, beaten by Obama and Bush who had much higher quarterly numbers: Quote from: https://thehill.com/policy/finance/400832-trump-predicts-gdp-growth-could-top-5-percent-very-shortly Skeptics noted that the numbers may have been bolstered by a temporary surge from the tax cut passed at the end of last year, and by farmers buying soybeans to get ahead of Trump's tariffs. While Trump has taken a victory lap over the significant growth, he raised the bar with his prediction of 5 percent growth. Such a figure is not unprecedented, but is uncommon. The economy expanded at a rate of 5.2 percent during the the third quarter of 2014 under former President Obama. Prior to that, it had not topped 5 percent since the early 2000s. Interestingly enough, trump himself promised 5% economic growth, numbers reached by both Obama and Bush and never by trump. No matter what way you slice it, he was never as good for the economy as he duped you into believing. Title: Re: Florida bank says it has closed Trump's accounts Post by: jaysabi on February 14, 2021, 06:02:27 PM Another difference that has been neglected is that being a rich white asshole is not a protected class like being gay. As for the actions of the bakery and the bank, I don't agree that either actions are wrong. I don't think a business should be be forced to do business with someone they don't want to. But you have to look at who the "left wing nuts" (as you term them) and the "right wing" (apparently not nuts?) target with their actions. The "left wing" is always acting to protect classes that have historically been marginalized, and the "right wing" is always punching down against marginalized groups. So while I don't agree the bakery should have been fined, I understand the impetus to protect a class of people that has historically been marginalized and not had equal protection under the law. OK.. let me traslate that to simple words - discriminating against "gays" is not OK, since they are a "marginalized group". On the other hand, discriminating against Trump is OK, since he is a heterosexual white man. You could have posted this in simple words rather than beating around the bush. As far as I am concerned, if discrimination is bad, then both the cases are bad. I don't give preferential treatment to any group just because they claim that are "marginalized". Being marginalized doesn't give anyone any special privileges. Law should be equal to everyone. I didn't beat around the bush, I was quite direct. And the great thing about marginalized groups is it's not dependent on your opinion. It's an objective fact. When laws discriminate against a group based on sex, nationality, sexual orientation race, etc., that's marginalization. "Laws should be equal to everyone" is exactly the point, the fact that they weren't is what made the group marginalized. Regardless, I said I support the bakery in not doing business with anyone they don't want to, the same as the bank. Hope that was simple enough words for you. ??? |
