Hey Donald Trump, say goodbye to Trump Tower!

| 9:09 am EDT July 10, 2020
Dear Palmer Report readers, we all understand the difficult era we're heading into. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. But Palmer Report is nonetheless going to lead the fight. We're funding our 2025 operating expenses now, so we can keep publishing no matter what happens. I'm asking you to contribute if you can, because the stakes are just so high. You can donate here.

On the day the Supreme Court ruled that Donald Trump’s tax returns must be turned over to a New York grand jury, it’s fitting that the American people reclaimed New York’s Fifth Avenue by painting “Black Lives Matter” on the street outside Trump Tower. It’s even more fitting when you consider that today’s ruling will probably end up taking the building away from Donald Trump.

Grand juries only exist for one reason: to criminally indict people. When this particular New York grand jury first subpoenaed Donald Trump’s tax returns, it left no doubt that the grand jury was in the process of indicting Donald Trump (and perhaps others). Trump was always going to be indicted on state charges, arrested, and put on trial. The only question was whether the evidence would be enough to convince a trial jury to take everything from Trump, or merely slap him on the wrist.

Michael Cohen – who currently has his own problems – has already publicly spelled out where to look for Donald Trump’s bank fraud, mortgage fraud, insurance fraud, campaign finance fraud, and other financial fraud. So New York prosecutors and the grand jury already knows what they’re looking for. But now they’re about to have Trump’s tax returns as a roadmap for putting together the pieces and following every last dollar in Trump’s various criminal financial schemes. Or if he lied about it all on his taxes, they’ll nail him for massive tax fraud, which will be enough to destroy him.

Either way, these kinds of serious financial crimes tend to come with severe financial penalties in addition to prison time. Donald Trump has never been one to have cash on hand, and instead he’s always leveraged his properties deep into debt. It means that once he’s inevitably hit with asset forfeitures to cover his monetary fines, he’s going to start losing whatever share he has left in places like Trump Tower. When it’s all said and done, Trump is going to lose everything.