Bubba Trump's Wholesale Emporium
Could be worse...ish
Title 11 U.S.C. §§ 1101–1195, provides the following for bankruptcies:
Debtor-in-Possession (DIP) – The business usually remains in control of its assets and operations under court supervision.
Automatic Stay – Creditors are temporarily prevented from collecting debts, giving the debtor time to reorganize.
Reorganization Plan – The debtor proposes a plan to restructure debts, which must be approved by creditors and the court.
Debt Reduction or Repayment Adjustments – The plan may involve reducing debts, extending payment periods, or renegotiating contracts.
Creditor Approval & Court Confirmation – The plan must be accepted by a majority of creditors and approved by the bankruptcy court.
Discharge of Some Debts – Once the plan is completed, certain debts may be discharged.
I submit to the dear reader for consideration that the UNITED STATES OF AMERICA, INC. (USAI), its assets, debts, holdings, and assigns are currently undergoing Title 11 reorganization. Elon Musk and DOGE have been appointed by the court as Trustees to aid and oversee the Debtor’s interests. Donald Trump is cutting expenses and personnel to reduce operating costs, and is forming a Sovereign Fund into which he will place assets as a guarantee against non-performance for senior debtholders.
With regard to the last item, Trump is proposing to place gold, cryptocurrencies, the Panama Canal, Greenland, Gaza, and any other significant assets he can take control of.
This effort is in lieu of foreclosures, such as we’ve seen in Maui, Los Angeles, and North Carolina in the past couple of years. The energy and mineral reserves, which have been held from exploitation as collateral for decades, have been released by the court and Debtors to USAI, in order to expand critical infrastructure and create more assets for the Sovereign Fund.
We can assume that the national parks, Puerto Rico, the Virgin Islands, Guam, and other territorial claims have already been placed into the Sovereign Fund, as have domestic military bases and hardware, and federal buildings across the country.
Given that the debt of USAI exceeds $36 trillion, we can further assume the court is being lenient in allowing the Chief Executive Officer to take extreme measures in order to negotiate repayment terms for the debt. All payments are in obeyance during the reorganization, agencies are being shut down or consolidated, thousands of employees are being laid off, and a full audit of the corporation’s financial status is underway.
We should expect efforts to claw back any money that was “poorly” spent. We may see a full audit of the Ukraine sooner than later, with assets and bank accounts frozen that can be shown to be results of corruption and skimming. We could also see the Clinton and McCain Foundations forced to repay millions in USAID loans.
It is my contention that Trump was installed in 2017 to oversee bankruptcy proceedings; however, he met heavy resistance from the Bumbledicks, who pulled every trick in the book to forestall the inevitable. They have spent the last four years looting the Treasury in an effort to scrape every last dollar into their pockets before the buffet table closed.
It looks to me as if the Trustees are tracing all the payments over the past four years, to see which can be reclaimed. I also expect charges of criminal malfeasance and violation of fiduciary duty to begin surfacing a few months after Pam Bondi takes office as Attorney General.
Might we also see Letters of Marque and Reprisal, a constitutional power, be issued for the arrest of foreign individuals such as Volodymyr Zelenskyy, who is no longer a lawfully elected officer of his corporation?
All of this leads me to the possibility I am most excited to see. Like revenge porn posted by a jilted lover, I expect to see the many individuals pulled off the teat to begin releasing secrets, either for revenge, or for cash, or both. What might we expect from angry bureautrolls who no longer care about Non-Disclosure Agreements and Oaths of Secrecy? The mind boggles at the possibilities!
Of the list of features of a Title 11 bankruptcy, the only one I don’t yet see is what court is handling it? The court would have to be one with global jurisdiction, given the size and nature of the debtor class. I can only think of two: the International Court of Justice (ICJ), and the International Tribunal for Law of the Sea (ITLOS). My guess is the latter.
The ITLOS was created by treaty in 1983, under the United Nations Convention on Law of the Sea (UNCLOS), and was seated in 1996. Since almost no one has heard about it, it makes the perfect venue for USAI’s bankruptcy proceedings, due to its relatively low profile.
I imagine the London Club and the Paris Club will likely play significant roles in formulating a restructuring plan. They specialize in sovereign debt. As private organizations whose reputations depend on discretion, they would be good choices to keep a lid on all this.
Bankruptcy proceedings are generally unpublished, and one of this magnitude would certainly require as much secrecy as possible to avoid global panic and the likely collapse of dozens of countries in the process.
If the largest, richest, most powerful empire the world has ever seen were on the verge of financial insolvency, which would you rather see: an uncontrolled demolition that threatened to send civilization into a new Dark Age, or a controlled demolition with minimal collateral damage?
The current administration’s choice is clear. It remains to be seen whether it can pull it off.
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I know what you’re thinking - bet he can’t come up with a movie for this one. Au contraire, mon frère. The Hudsucker Proxy (1994) by the genius Coen brothers is a perfect metaphor for USAI’s current predicament. And it’s just a great movie.
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E-book: Paper Golem: Corporate Personhood & the Legal Fiction
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A lot of conclusions in the finality of the corporation, but my thoughts are more in line with Catherine austin Fitts warning about the crypto reserve scam that the Gollum of warp speed orders is cooking up. The creditors of USSA is feral reserve members, hence the digital currency fits their model of slavery / capitalism . The real conflict is still over the currency war over brics and king dollar We know that the banks of the West are in a shifting foundation as the latest weaking reporting stress test rquirements for 2026. That seems to be the deadline, as there ain't no way that economic activity is going to be positive, The roaring 20's are gone and the 1929 repeat is almost here.
no mention of how it got to be that a private company such as the federal reserve bank decides how many new fake dollars will exist. What's the history of that? Is it legitimate according to the u.s. constitution?