64. Profit by Creating Fears

31 Jul

Sub-title: Trump and Davidson, similar despicable methods.

For a year or so, many political leaders in both parties have recognized that Trump is fear-mongering voters as a method to get elected — and judging from past behavior, also to make copious profits. Personal profit has always been his goal and why should we believe otherwise now. Often his plan is to distort facts (like our military is a disaster) and then to say that he alone can solve this (made-up) problem. (Hillary, on the other hand, has a long history of helping people.)  Please see my previous blogs for more details on these issues.

I just listened to a video clip by James Dale Davidson about a future financial disaster for the USA. For many boring minutes with lots of repetition he described a stock market crash, massive unemployment, food lines, devalued houses, worthless U.S. dollars, hurricane destruction, etc. The whole world will be against us and will get revenge for our long control of global trade. Along the way, Davidson promised to tell how each of us can be protected by reading his publications free of charge. As the clip progressed it became more and more clear that he would finish by trying to sell profitable literature. In the end, little was free, and his advice would cost hundreds of dollars.

Davidson should have learned his lesson many years ago. In 1993 he co-authored a book The Plague of the Black Debt where he made some dire predictions about President Bill Clinton (will have one term) and the U.S. economy, all of which were dead wrong.  Our future U.S. economy will go through cycles of success and failure, but we don’t need self-fulfilling doomsday prophecies.

Billionaire Michael Bloomberg (former NY mayor) called Trump a CON man and I am sure it would be the same for Davidson — fear-mongering for profit. I am writing this blog because I was struck by the similarity in manipulation.

For those who do not know how Trump will profit, here are examples:

1. His written proposed U.S. budget involves a substantial decrease in taxes for very rich people. But even worse, it will massively increase our national debt with very profound consequences for all of us.

2. He has stated that workers are paid too much and he will not increase minimum wage.  So, Trump can pay less in wages.

3. After leaving office, he can profit from books (he pretends to write) and by speaking fees.
Trump if nothing else, is an expert in profiting from the losses of others, so I imagine secret deals while in office will make him (and family) richer.  Of course, profit is probably not his only goal, I assume that power and ego are also of interest.

I have to add a comment on a recent Trump blunder (see my previous blogs for a detailed critique of his candidacy). He insulted the Muslim father of a fallen soldier. The father stated that Trump has never sacrificed for our country. Trump answered that his sacrifice was “working very, very, hard” and making lots of money. Actually, if he had worked very hard (like most of us) and earned little money I could be sympathetic. But what does Trump know about hard work. He started off with $1,000,000 and his employees did all the hard work. After his early business failures, he cleverly figured out how to greatly profit from such failures. He would obtain a large loan based on family wealth, make false promises, let the business fail with lots of lay-offs, and make money by paying himself a good salary, and by not fully paying employees and vendors. Evidence for this is hundreds of law-suits.

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