Welcome to a discussion about the upcoming 5th Revolution in the US, which I’ve titled the “Revenge Revolution.” For more about the Revenge Revolution and the author, click “About the Author” tab.  Periodically I write a “sense check” to assess whether a revolution in the US is possible or whether the entire exercise is based on a statistical aberration — i.e., a roughly 50-year cycle between major upheavals in the US. The previous “sense check” was ENTRY #500.

BEGIN #502: In a filing in state court in New York, Erik Trump and Don, Junior asked the court to institutionalize their father, at least temporarily and ideally permanently. During the hearing, the judge asked for more explanation.

Eric responded, “The old man can’t keep his mouth shut or be honest with the company’s books. As a result, his runaway mouth is going to end up forcing the company to be liquidated and our financial well being along with the liquidation.

The judge asked if Ivanka Trump  had joined the motion to institutionalize their father.  Junior replied, “She’s frustrated with his behavior, but not part of the filing.  She believes she’s protected financially because of her marriage to Jared.”

During the hearing the judge asked if recent judgments against their father and the Trump Organization would be exceed the cash assets of the company. Noted were judgements in the E. Jean Carroll case totaling roughly $90 million and the anticipated judgment in the New York State fraud case of likely $370 million and possibly $500 million.  The judge questioned whether a judgment of about $500 million would be catastrophic since their father claimed in a recent court deposition that he was worth at least $3 billion, if not more.

In response to the judge’s inquiry, Eric laughed and explained to the judge that the company had substantial debts and that cash flow was limited and declining.  The company will have little or no cash after these judgments are paid.  Further, because of the continuing decline in cash flow, it was not certain the company could operate.  Eric added, “Without institutionalizing the old man we’re likely to see even more fines and judgments and more cash out the door.”

The judge indicated he would consider the motion and issue a ruling in mid-February, likely the 14th.   Former President Trump was not present or even represented at the hearing.  Whether intentional or an oversight by counsel was not clear. 

Trump and the ever-changing legal team were preparing for the upcoming trial about illegal hush-money payments to Stormy Daniels, the adult film star. The case is being prosecuted by the Manhattan’s DA office and scheduled to begin March 24.

Stay tuned. [Yes, I know the story is fake news but the substance is correct.] END ENTRY #502

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