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Freelancer

(2,107 posts)
Thu Oct 20, 2016, 01:33 PM Oct 2016

Just a thought -- a way to make a cool hundred million if you're a sleazy billionaire

Enter a presidential election. Spend very little of your own money on the campaign. Bet heavily against yourself through proxies all over the world. Then blow the election.

It's just a bizarro theory in a bizarro election season. It's interesting, though, considering the billionaire candidate that continually sabotages himself is likely to still have connections in casinos/gambling worldwide.

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Just a thought -- a way to make a cool hundred million if you're a sleazy billionaire (Original Post) Freelancer Oct 2016 OP
K & R canetoad Oct 2016 #1
He could use the cash to buy a media network Freelancer Oct 2016 #4
Why are you calling him a billionaire? scscholar Oct 2016 #2
Good point Freelancer Oct 2016 #3
It the Bialastock campaign method csziggy Oct 2016 #5
That's Brilliant. Thanks! -nt Freelancer Oct 2016 #7
Remember the entire Republican stage was full of 17? buying their crap books with campaign funds. Sunlei Oct 2016 #6
One could go even further out on a limb with this line of thought Freelancer Oct 2016 #9
The idea that he has bet against himself is intriguing canetoad Oct 2016 #8

canetoad

(17,169 posts)
1. K & R
Thu Oct 20, 2016, 01:42 PM
Oct 2016

Maybe not so bizzaro. It goes on all the time in other arenas, why not the presidential election?

Sunlei

(22,651 posts)
6. Remember the entire Republican stage was full of 17? buying their crap books with campaign funds.
Thu Oct 20, 2016, 02:25 PM
Oct 2016

Republicans are pros at grabbing free money.

Freelancer

(2,107 posts)
9. One could go even further out on a limb with this line of thought
Thu Oct 20, 2016, 02:53 PM
Oct 2016

Maybe Trump or one of his kids took out a loan, planning, in Trump-fashion, not to repay. Only, this time, they found that the loan had been bought up by a Russian oligarch. Bankruptcy is no longer an option. If their real assets don't match what's been inflated for public consumption, perhaps they couldn't repay. Could an arrangement be made where the oligarchs are repaid with proceeds from betting on a thrown election?

There's going out on a limb, and then there's going out on a twig. This is probably a twig. It's sad, though, that we have a candidate that suggests this kind of speculation, and who's financial dealings are so opaque that this kind of thinking can't be completely discounted.

canetoad

(17,169 posts)
8. The idea that he has bet against himself is intriguing
Thu Oct 20, 2016, 02:35 PM
Oct 2016

I might try to find out more, if I can.

Starting with this article from early August:
https://news.vice.com/article/trumps-economic-team-includes-big-short-billionaire-who-bet-against-us-housing-market

Donald Trump unveiled his team of economic policy advisors Friday, which includes five men named Steve, and poker player and hedge fund investor John Paulson, the short-seller best known for making billions from betting against the housing market before the 2007 crash.

Paulson became famous for placing big bets that subprime mortgages were about to fail en masse, and at one point was making $10 million a day, or $4 billion total at the peak of the housing collapse, according to the Wall Street Journal. A broker once called Paulson in 2007 to remind him he had an account with $5 million left in it — which Paulson had apparently forgotten about since it was such a small sum. His firm Paulson & Co. has had a pretty uneven record ever since.
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