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    King of Debt – Businessman Donald J. Trump
    King of Debt – Businessman Donald J. Trump
    King of Debt – Businessman Donald J. Trump
    Ebook160 pages2 hours

    King of Debt – Businessman Donald J. Trump

    By Thomas Pentzek

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    About this ebook

    Who is Donald J. Trump?

    That’s what the whole world has been wanting to know since November 2016!

    Those who live outside the US only knew him from his appearances on the reality show The Apprentice, in which he presented himself as a successful businessman.

    One thing stands out, however: where other millionaires or billionaires shy away from the public, Trump takes every opportunity to put himself out there, to the extent that it is difficult to separate reality from the perfect performance.

    When researching for my book The King of Debts, I had the opportunity to study the successes and failures of Donald Trump.

    Every additional affair, every professional failure and every attack on the media I discovered shocked me more.

    Slowly a picture emerged of the billionaire who in 2017 became the president of one of the most important countries in the world.

    Why does he react the way he does?

    Why does he act the way he does?

    What is the basis for his success in the US?

    LanguageEnglish
    PublisherBadPress
    Release dateDec 18, 2018
    ISBN9781547563104
    King of Debt – Businessman Donald J. Trump

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      Book preview

      King of Debt – Businessman Donald J. Trump - Thomas Pentzek

      King of

      Debt

      Businessman Donald J. Trump

      ––––––––

      Thomas Pentzek

      ––––––––

      Copyright © 2016 Thomas Pentzek

      t.pentzek@tpentbook.com.mx, www.pentbook.com.mx

      ISBN: 978-3-7380-9648-4

      ISBN-13:

      Preface

      Ever since Donald J. Trump was elected President of the United States in 2016, the whole world has been trying to understand him. The businessman who became famous around the world through Hollywood is unknown on the global political stage.

      In his speeches, he boasts of being a successful self-made multi-billionaire. But to what extent is this statement really true? Have his business dealings always been as successful as he claims? The self-proclaimed king of debt has been bankrupt many times, losing other people’s money. He markets his name like no other. In this book, you will read about his achievements, his bankruptcies, and his views on women, foreigners and immigrants. Explore his entire life and career, from his birth all the way to his election as president. Discover Donald J. Trump, his successes and his failures.

      Enjoy the read!

      Thomas Pentzek

      Introduction

      It is November 2016, and I am sitting comfortably at my desk reading the latest news online. The election of the new US president, Donald Trump, is all over the media. The whole world seems to be shocked that such a self-centred and ruthless individual will occupy the highest public office in the United States from January. Rarely has the whole world been so united in agreement as it is that this new US president could be extremely dangerous to world politics.

      In recent months, the election campaign has been so bizarre that observers simply could not take it seriously. The aggressive smear campaigns conducted by both candidates will have a lasting impact on society in the United States. The whole spectacle was so unreal that no one seriously thought that the next US president would be Donald Trump.

      Following the election, the whole world is in shock. Nobody really expected this result. Personally, I am particularly frightened by the outcome of the US elections. For 23 years, I have been living in Mexico, the country that can probably expect the worst consequences. During his election campaign, Donald Trump made inflammatory remarks about Mexico and the Mexican people. There are currently about 20 million Mexicans living in the United States. Although the majority of them can be assumed to be in possession of a valid work permit, there is also a large number of illegal immigrants, and they are precisely who the future president of the United States holds responsible for many problems in his country. Apart from drug problems, he claims that they are also responsible for rape, violence and diseases. What's more, he wants to build one of the longest walls in the world and renegotiate all free trade agreements between the United States and Mexico.

      ––––––––

      I love the Mexican people, but Mexico is not our friend. They’re killing us at the border and they’re killing us on jobs and trade. FIGHT!

      Donald J. Trump, Twitter, 30 June 2015

      ––––––––

      Mexico can therefore expect serious consequences in the near future. For the rest of the world, things will get just as complicated. Donald Trump has threatened many other countries with consequences during his election campaign. Be it Germany, the European Union or China, he believes that the United States is losing money everywhere, and he wants to change that.

      Mexico will pay for the wall!

      Donald Trump Twitter, 1 Sept. 2016

      ––––––––

      The election campaign in the United States has led to both candidates being viewed in a very unfavourable light. Previously, we only knew Donald Trump from his television show The Apprentice and as an egocentric billionaire. That’s why it is important to get a more complete picture of the future president of the United States.

      His ancestors

      Grandfather Friedrich Trump (1869-1918)

      Friedrich Trump, Donald Trump's grandfather, was born in 1869 in Kallstadt. The small town in the Palatinate on the left bank of the Rhine was then part of the Kingdom of Bavaria, and the family ran a small winery there. When his father died in 1877, however, all six siblings had to help out in the winery. The hard physical labour did not suit Friedrich, who was not very strong, so his mother had him train as a hairdresser in nearby Frankenthal instead.

      His hairdresser’s salary wasn’t enough for him to survive in the small town of Kallstadt, so in 1885 Friedrich decided to follow his older sister to the United States. The hard-working Germans were very welcome in the United States at that time.

      In Manhattan, he moved into his sister's small apartment and quickly found work. Still dissatisfied with a hairdresser’s income, however, in 1891 he went on to take over a restaurant in Seattle with the financial support of relatives. Until then, he had only lived among German emigrants who all spoke the Palatine dialect and had established a small German enclave. In Seattle, most of his customers were American, so he changed his name to Fred and improved his English. In 1892, he decided to become a United States citizen by enrolling in the Election Book of the State of Washington.

      Apparently, the restaurant in Seattle wasn’t as successful as Friedrich had hoped. In 1893, his mother paid out his inheritance to him, so that he could take his assets and move to the gold mining town of Monte Christo. Word had it that investments of several million dollars could be made there in no time.

      As he did not yet have the capital to buy a piece of land, Friedrich claimed to have found gold near a planned railway station. This allowed him to register the plot in his name. Although it was not allowed, he built a small hotel on this property. With the resulting profit, he was able to legally acquire the property in 1894. The cornerstone of the Trump Empire was thus already laid in 1894 with a business that was not 100% legal.

      With the beginning of the gold rush in the Klondike in 1897, Seattle established itself as the starting point for gold prospectors. Friedrich took advantage of the boom with a restaurant that turned out very profitable this time, allowing him to move to Yukon in the spring of 1898.

      In May 1898, he joined forces with a partner and opened a hotel in the newly founded city of Bennett. It was the starting point for many thousands of gold prospectors who had to cross the river to reach the goldfields. His newly opened hotel, the New Arctic, was one of the best in town. As well as clean rooms, a variety of meals and an abundance of alcohol, there were plenty of prostitutes.

      In 1901, Friedrich left the business and returned to Germany to find a wife. Back in his home town, he married his neighbour’s daughter, who was eleven years his junior. Since he was now an American citizen, he had to marry in Ludwigshafen, the official registry office for foreigners. The wedding took place in 1902, shortly before the newlyweds returned to New York. They lived in the Bronx, surrounded by German emigrants, in a luxuriously furnished apartment. His wife, Elisabeth, however, could not get used to the new environment. In 1904, shortly after the birth of their first daughter, they moved back to Kallstadt.

      The couple had planned to be resettled as wealthy citizens and build a secure future. But times had changed, and the small town no longer belonged to the Kingdom of Bavaria, but was now part of the German Empire, dominated by the Prussians, who considered military education a top priority. Friedrich had emigrated to the United States before completing his military service and wanted to regain German citizenship now that he was too old for compulsory military service.

      Although he managed to involve the mayor and several government officials, and even had the police confirm that he didn’t drink alcohol, his application was not approved. In accordance with a decision by the Bavarian Ministry of the Interior in 1886, emigrants who had not completed military service were deprived of their citizenship. Friedrich Trump was therefore expelled from the country in 1905, which meant he was considered an illegal immigrant in Germany – just the sort of person his grandson wants to deport from

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