this post was submitted on 25 Aug 2023
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Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.

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[–] [email protected] 3 points 2 years ago (5 children)

Maybe he anticipates more than 10% inflation before his court date and is just making smart money moves?

[–] Sludgeyy 4 points 2 years ago (4 children)

I'm confused at what you mean

Inflation hurts the value of your current money

You always want more money

Giving away a fee would just mean he has less less worthless money

Best case scenario for him is he feels like keeping liquid capital is worth more than the fee and no one wanted to post bail for him.

$20k. Some people he knows just cracked a bottle of wine worth that. Yet none of them would post his bail.

That's more telling than him just using a bail bondsman.

[–] [email protected] 6 points 2 years ago (3 children)
  1. today he pays $200k to the court
  2. tomorrow everything is 10% more expensive, money buys less
  3. the next day, the court gives him $200k, but since everything got 10% more expensive, he is receiving less value than what he gave the court (approx. $180k of 2-days-ago-money)

So he "loses" $20k, which is the same he would lose with the bail bondsman. The difference is that since he anticipates a %10 inflation, he can invest those $200k to try to earn a 10% return to make up the loss. If the money were just sitting in the court's coffers, he couldn't invest it, so it'd deteriorate in value.

Makes sense in my head but its late so maybe it's nonesense lol. I was completely joking anyways, there's no way that's what he's doing.

[–] Kethal 5 points 2 years ago* (last edited 2 years ago)

The general idea is not nonsense, but it's unlikely he's making a 10% return. Although, maybe he has some high interest loans out there, and he's better off putting his money in those. That too would indicate a crappy financial position though.

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