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President Trump May Give Up Trump Tower

The NYPost is now reporting that President Trump may give up Trump Tower to New York to cover Judge Engoron's unprecented and unjustifiable penalty.  This may sound tragic, but as our true President lived the Art of the Deal, let's watch him turn this into something special.

The 30-day deadline ends on Monday at which point the President must post the payment or bond of $454,000,000.  His lawyers have claimed the amount of cash required is a practical impossibility. 

Trump could submit Trump Tower while he appeals.  The value of Trump Tower on Fifth Ave or some of his other New York properties should on their own fulfill the obligation and potentially impose on the government the need to run the buildings, cover tax, insurance and expenses.  President Trump may have little choice as 30 days was too short a time for him to raise nearly half a billion in cash through loans, income and asset liquidation.

Later, upon his likely winning on appeal, he would recover the asset.

Separately, Zerohedge reports:
 

The state of New York has positioned itself to seize Donald Trump's assets in Westchester County following a $454 million civil fraud judgement against the former president. The state registered the massive judgement in the county, a sign that his properties in the area may be at risk of being seized if Trump can't post an appeal bond.

The judgement, registered March 6 according to the Westchester Country Clerk's online database, didn't give any reason for the registration, nor did it specifically identify any of Trump's assets, but it will allow Attorney General Letitia James to more easily secure liens on two of the billionaire's most valuable properties - Trump National Golf Club Westchester, and the 212-acre Seven Springs estate which remains mostly undeveloped.

Ultimately, this extreme act by New York City, whichever way it unfolds, will backfire and put New York deeply in play for Trump in 2024.  New Yorkers now see the abuse of power and darkness of their government and courts -- the exodus of wealth from the City will red pill many that suffer the economic consequences and fear the legal ones.

As my name is Randy Annie, this saga has some parallels to the political setting in Ayn Rand's the Fountainhead - a book worth reading to understand that communists are not new to New York.

 
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