Experts Say That Trump Could Go Bankrupt Because His Base Can't Afford To Save His Business

Donald Trump is going to lose hundreds of millions of dollars this year just due to the lawsuits that he's going to have to pay out. But even if his business somehow survives this, they will be on life support. Experts are now saying that there's little chance that Trump's businesses can survive in the future due to the fact people simply don't like him, and the people who do (his cult followers) don't have the financial resources to prop up his companies with their patronage. Ring of Fire's Farron Cousins explains what's happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

So legal experts this week have been talking about the fact that, of course, with the New York Fraud Trial, Donald Trump's businesses in New York could be completely dissolved. Now, as of this recording, we do not yet have that ruling. Now, by the time you hear this, perhaps we do, but as of right this second, we do not have that ruling. So legal experts have been talking about the fact that they don't agree with the dissolution of the Trump organization as a whole, because they think that that would be a little too just vengeful, right? That's not necessarily something you should do according to the law. You're only gonna do that because you hate Trump and these are actual legal experts not left or right, but they don't think it's a good idea. But it's, it's what one legal expert pointed out that made me realize that it doesn't matter if Trump's businesses are allowed to continue, they're still dead on arrival.

Let me read you this. This is from, uh, Columbia University Law Professor Eric Talley, and this is what he said about Trump's businesses possibly being dissolved. He said, quote, this is basically a death penalty for a business. Is he getting his just desserts because of the fraud or because people don't like him? Now, of course, he's talking about is this just vengefulness or is this because of the letter of the law? But he brings up a good point. People don't like him. People do not like Donald Trump, and that's certainly no reason to, to punish him. He can't be punished just because you're not likable. But that statement made me realize something more important. People don't like him. Now, what did we see happen? When Donald Trump became president, his businesses across the globe took a financial hit, except of course for the money coming in from foreign dignitaries and foreign countries, right?

And conservatives, when they could, they'd hold their events at his properties, put money in his pocket. He was of course going to play golf at his own properties, charging the secret service for golf carts and meals and everything else. And so he made money, but the general public didn't use his properties as much because again, people don't like him. So if Donald Trump suffers this massive financial blow, hundreds of millions of dollars, plus the 88 million that he owes Eugene Carroll, he's gonna have to sell some properties to get that money liquid so he can pay the fees. So he is gonna sell some properties. He's gonna be left with a couple places, probably, maybe. But then what happens? What happens if all he has is Mar-a-Lago and Bedminster? You think the average Trump supporter, those people that show up at his rallies, do you think those people have enough money on hand to pay the hundreds of thousands of dollars per year to be members at those places?

They don't. So that's why I say that even if New York does not destroy Trump's businesses, then they're gonna suffer an even slower, more painful death because the people who do have money to go to those places don't want to go to those places. The people who would do anything to get in those places can't afford it. Trump has alienated the wealthy people in this country to a degree where there's not enough of them left that like him, that will continue paying. And in terms of getting loans from banks to restart his real estate empire, well, a fraud conviction, well, fraud judgment against you is basically gonna kill that opportunity too.