Comments by "" (@DavidJ222) on "Trump's $1 billion tax loss defense debunked" video.
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"Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40 million, $50 million,” Trump told a crowd at an Alabama rally on Aug. 21, 2015. “Am I supposed to dislike them? I like them very much.”
In 1991, as Trump was teetering on bankruptcy yet AGAIN, and scrambling to raise cash, he sold his 282-foot Trump yacht “Princess” to Saudi billionaire Prince Alwaleed bin-Talal for $20 million.
Four years later, the prince came to his rescue again, joining other investors in a $325 million deal for Trump’s money-losing Plaza Hotel....Which eventually went under anyway.
In 2001, Trump sold the entire 45th floor of the Trump World Tower across from the UN for $12 million, the biggest purchase in that building to that point, according to the brokerage site Streeteasy. The buyer: The Kingdom of Saudi Arabia.
Since Trump took the oath of office, the Saudi government and lobbying groups for it have been lucrative customers for Trump’s hotels.
A public relations firm working for the kingdom spent nearly $270,000 on lodging at his Washington hotel through March of last year, according to filings to the Justice Department. A spokesman for the firm told The Wall Street Journal that the Trump hotel payments came as part of a Saudi-backed lobbying campaign against a bill that allowed Americans to sue foreign governments for responsibility in the Sept. 11 terror attacks.
A review of the public record reveals a clear and disturbing pattern: Trump owes much of his business success, and by extension his presidency, to a flow of highly suspicious money from Russia. Over the past three decades, at least 13 people with known or alleged links to Russian mobsters or oligarchs have owned, lived in, and even run criminal activities out of Trump Tower and other Trump properties.
Many used his apartments and casinos to launder untold millions in dirty money. Some ran a worldwide high-stakes gambling ring out of Trump Tower—in a unit directly below one owned by Trump. Others provided Trump with lucrative branding deals that required no investment on his part.
Taken together, the flow of money from Russia provided Trump with a crucial infusion of financing that helped rescue his empire from ruin, burnish his image, and launch his career in television and politics. Trump was 4 billion dollars in debt, and American banks had stopped loaning him money after multiple bankruptcies. Trump was financially ruined until the Russians bailed him out. "They saved his bacon,” says Kenneth McCallion, a former assistant U.S. attorney in the Reagan administration who investigated ties between organized crime and Trump’s developments in the 1980s....
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Andrew Wilson
On June 8, 2010, Uranium One announced it had signed an agreement that would give “not less than 51%” of the company to JSC Atomredmetzoloto, or ARMZ, the mining arm of Rosatom, the Russian nuclear energy agency.
At the time, Uranium One’s two licensed mining operations in Wyoming amounted to about “20 percent of the currently licensed uranium in-situ recovery production capacity in the U.S.,” according to the Nuclear Regulatory Commission. In-situ recovery is the extraction method currently used by 10 of the 11 licensed U.S. uranium producers.
The deal required multiple approvals by the U.S., beginning with the Committee on Foreign Investments in the United States. Under federal law, the committee reviews foreign investments that raise potential national security concerns.
The Committee on Foreign Investments has nine members, including the secretaries of the treasury, state, defense, homeland security, commerce and energy; the attorney general; and representatives from two White House offices (the United States Trade Representative and the Office of Science and Technology Policy).
The committee can’t actually stop a sale from going through — it can only approve a sale. The president is the only one who can stop a sale, if the committee or any one member “recommends suspension or prohibition of the transaction,” according to guidelines issued by the Treasury Department. So clearly, Trump was lying as usual when he falsely claimed that Hillary gave away 20% of America's uranium, or he simply didn't know what he was talking about, which is also very common for him. The uranium wasn't Hillary's give, nor did she have the power to give it to anyone. Clinton could have objected — as could the eight other voting members — but that objection alone wouldn’t have stopped the sale of the stake of Uranium One to Rosatom.
It is also important to note that other federal approvals were needed to complete the deal, and even still more approvals would be needed to export the uranium. First, the Nuclear Regulatory Commission had to approve the transfer of two uranium recovery licenses in Wyoming from Uranium One to the Russian company. The NRC announced it approved the transfer on Nov. 24, 2010. But, as the NRC explained at the time, “no uranium produced at either facility may be exported.”
Uranium One, which is now wholly-owned subsidiary of Rosatom, sells uranium to civilian power reactors in the United States, according to the Energy Information Administration. But U.S. owners and operators of commercial nuclear reactors purchase the vast majority of their uranium from foreign sources. Only 11 percent of the 50.6 million pounds purchased in 2016 came from U.S. domestic producers, according to the EIA.
As for production, the company was responsible for only about 11 percent of U.S. uranium production in 2014, according to 2015 congressional testimony by a Department of Energy contractor. More recently, Uranium One has been responsible for no more than 5.9 percent of domestic production, according to a September 2017 report by the U.S. International Trade Commission.
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