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posted ago by ghost_of_aswartz ago by ghost_of_aswartz +3914 / -1

Trump should start his own bank

Why?

People banking with Trump would be protected from political reprisals, at least internally

There would still be efforts to try to find out who banks with Trump and punish them. Of course, that would enable class actions to punish them for 'conspiracy against rights' and 'intimidation of voters'.

There would be retailers who refuse anything Trump.

But Trump being in charge of the bank AND the processor would mean information security against reprisal.

They probably would never allow Trump access to ATMs or direct cash with this system


Trump could create eGold

Trump could make a deal with texas bullion depository to create a gold based micropayments system to hedge against inevitable Bidenic dollarcollapse


Trump's bank could issue credit cards and payment systems

It would be an uphill battle to get this payment system into retailers, but he could do it.

There are still retailers that would go with Trump. The silver lining is, that those retailers that outright BAN Trump's payment system are people you wouldn't want to do business with anyway!


Trump could create a swipe system to compete with @Jacks's

Good luck getting the app in the apple and android store. Wait... Trump could also...


Sponsor Linux-based, open source PHONES

And then you could add Trump's app to it. He could have a Trump phone and call it "T-Ramble"


Trump could make much more money and his family would get back what they lost.

They could do this by greatly undercutting the other banks and offering much more interest for savings accounts. Something competitive with federal credit unions even. Trumps credit card could have a fixed 7.77 - 17% apr x forever and never go up except as punishment for non payment, which can be brought back down when paid back in full and consistently


Starting a bank is difficult and expensive. You have to have many millions of dollars to do it. However, this is NOTHING to Trump. Also, he could have this all online to start

Ally bank started online. They may still be ONLY online (not sure). Following their model, Trump could do this and launch this in 6 months with a team of lawyers and financial analysts whom I'm sure he could easily get as long as he could protect their privacy.

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FredKnessl 1 point ago +1 / -0

"Trump's bank could issue credit cards and payment systems" I don't think this would work. The best income is made off Late fees and other penalties. Patriots don't make late payments...