Those in the legal profession not speaking out against such are Perverts of Jurisprudence 1 Timothy 1:9-10.
Ask your local prosecutor if he / she approves of such perversions.
You who turn justice into bitterness and cast righteousness to the ground be warned. (Amos 5:7)
Transcript
Speaker 1: So, Donald Trump borrowed money from Deutsche Bank regularly, consistently and systematically it was his for years sole lender and then for other years his principal lender and he developed a real estate in New York City and elsewhere. In order to borrow the money, he pledged assets that he already owned as security for the money giving a mortgage. He paid back all the money that was borrowed and paid it back on time. Government came in and demanded his books and record and said, we think that the evaluation you put on a building that you pledged as security for a loan you made 10 years ago was not accurate that you overvalued the building and therefore you cheated Deuter Bank.
Deutsche Bank said, well no, he didn’t cheat us. We sent our own appraisers out there to appraise his buildings. We never accepted face value what our clients tell us. Except in Trump’s case, he was right. It was within a range acceptable to us. It wasn’t exactly what wanted right down to the penny but it never is, because the value of real estate can change every day. What’s the value of a piece of real estate? What a willing buyer and a willing seller are willing to pay for and that could be different today than it was last week and will be next week.
Nevertheless, the state sued him claiming that somehow the state suffered harm, because Trump over a evaluated the assets that he pledged the security for the loan and persuaded a judge that Trump illicitly earned $160 million dollars. and that 160 million plus interest should be forfeited to the state.
Now, we have a principle of law in America called The Harm Principle.
If I punch you in the nose, you can sue me because I have a duty not to touch nose and I breached that duty and I harmed you and your nose. You can sue for pain and suffering and medical bills and loss of work and permanent injury if there is anybody. But if a friend of yours looks at the nose a week later and says, what happened to your nose? You said, the judge did it to me. I’m going to sue the judge. No, that other person can’t sue me because I didn’t breach any duty to him. I didn’t harm him.
So, that’s effectively what happened here except there was no nose breaking. There was no harm to the bank. The bank’s exact got on the witness stand during the case and said, he paid us back every nickel we loaned him.
He’s one of the best clients we’ve had. He’s the president of the United States but if he ever goes back into this business, we’ll be happy to lend him all the money he wants. And still the state persuaded a judge that somehow the state was harmed. It was a phantom harm.
Now you’re an economist. You’ll get a kick out of the state’s claim for harm. Here’s how we’re harmed. The state lawyer argued. The banks loaned Trump more money than they should have. They should have loaned him less money and therefore, there would be more money in the bank for them to loan to other people to small businesses.
A, the bank doesn’t lend from its reserves. It lends from the fake cash that the Federal Reserve gives to it. B, Deutsche Bank doesn’t lend to small businesses. They don’t make loans less than $100 million. C, the state does know what the hell it’s talking about, because money is fungible.
So, if the bank over loaned to Trump, he still, but he didn’t put it into, the money in a shoe box he’s building skyscrapers which is employing thousands of people which is creating new wealth each time one of those condos in those skyscrapers is bought and sold and bought and sold. And the judge without a jury bought this nonsense. Allowed Trump’s assets to be seized from him.
I’ll explain the seizure to you in a minute if you want to hear it, in one of the greatest acts of theft in the modern era. I mean this this would make Joe Stalin blanch for all the farms that his communist government stole from Russian peasants. Peasants, not wealthy people, peasants in the 1930s.
Disclaimer
The Consider Podcast attempts to express opinions through God’s holiness. Nothing concerning justice or injustice should be taken as legal advice or a call to action. There is no political agenda. There is no individual moral life advice. Indeed, each person is solely responsible before God and man for their actions or inactions. The Consider Podcast is narrowly focused on one thing, and only one thing – the need for all to surrender to a life of repentance according to the whole gospel.
The Consider Podcast
Examining today’s wisdom, folly and madness with the whole gospel.
www.consider.info
Post Number
This Post's ID Number Is= 3742
- Remember the Post ID Number.
- Enter the post number and it will be find.