I CALLED IT, ANIMALS, AND YOU LAUGHED!!! Months ago I told you ICE would buy facilities DIRECTLY from the prison companies at north of $150,000 per bed — and I was WRONG, folks, it was BETTER!!! ICE just bought TWO facilities from CoreCivic — $CXW — for $1.47 BILLION!!! That's $286,000 per bed in California City, $371,000 PER BED at Otay Mesa, $323,000 a bed COMBINED — DOUBLE what these things cost to build!!! Even I underestimated the beauty, and I NEVER underestimate!!!
AND WHO OWNS $CXW??? DONALD TRUMP!!! It's RIGHT THERE in the disclosure, folks — the man holds CoreCivic AND GEO Group, the two companies running America's ICE detention centers!!! Follow the bouncing ball: HE runs the immigration crackdown!!! HIS DHS just wired $1.47 billion to a company HE OWNS SHARES IN, at DOUBLE replacement cost!!! The buyer is his government, the seller is his portfolio, and the taxpayer is the ATM!!! That's not a conflict of interest, that's a CLOSED LOOP!!!
And the STRUCTURE is a masterpiece: DHS buys the buildings, but CoreCivic KEEPS OPERATING them under the same contracts!!! Sold the real estate, KEPT the revenue — like selling your house and the buyer pays YOU rent!!! Gain north of $1 BILLION on assets carried at PENNIES!!!
THE DE-LEVERING — exactly like I told you: $716 MILLION of debt GONE overnight!!! Credit facility, GONE!!! The 2027 notes, GONE!!! And that puts them under the covenant thresholds that unlock UNLIMITED BUYBACKS with the $400 million left over!!! Fewer shares, folks — and whose shares get more valuable??? DONALD'S!!!
AND THE SEQUEL IS COMING: CoreCivic says it's in talks with ICE to sell MORE facilities!!! The machine runs forever: sign the orders, fill the beds, sell the buildings to yourself at double price, buy back the stock, watch the disclosure GLOW!!! One catch the animals should know — ICE can cancel those operating contracts anytime, so read the covenants before you chase!!! Do your own research, NOT advice!!! Is ANYBODY looking into this??? The SEC??? He APPOINTS the SEC!!! I called the trade, the price, AND the de-levering — GREATEST prison analyst in American history, maybe ever!!!
This should be on the front page of every newspaper in America.
Trump’s DOJ shut down a federal investigation into a coal company owned by one of his closest Senate allies, after it racked up tens of thousands of alleged violations for dumping toxic chemicals into our waterways.
Welcome to Episode 20 of The Corruption Chronicles.
We question Mr. Secretary because we know that ish did not happen. You know there are cameras on the Pool 24hrs, right?You do not have photographs of anyone submerging in the Reflecting Pool to cut a gash longer than a football field. But we do have video and photos of the liner peeling from the floor of the pool. Stop it. As soon as you are asked to prove vandalism, you whine about why are you being questioned about it.
I hope everyone had a great 4th of July. I know @realDonaldTrump and family did.
250 years ago we declared independence from a king who ran the colonies as a family business. In just 18 months the Trumps have made King George look like an amateur.
A $620 million Pentagon loan, the largest in the program’s history, to a company Don Jr.’s firm bought into three months before.
An Air Force drone contract to a startup the princelings took public through a golf course company they own a piece of.
The Army’s largest drone motor order ever, to a company where Don Jr. sits on the board and holds millions in stock.
A $24 million Pentagon robotics contract to the company that employs Eric as Chief Strategy Advisor.
A stake in the largest undeveloped tungsten deposit on earth, in Kazakhstan, backed by $1.6 billion in US government support.
Jared’s fund seeded with $2 billion from the Saudi crown prince, now $6.2 billion, 99% of it foreign money from Gulf governments. Over $110 million in fees collected from the Saudis alone. He negotiates American foreign policy with the governments that pay him.
$2.3 billion from crypto ventures their father regulates. More than a million people bought in and lost $2.3 billion. The money didn’t grow. It simply moved from the subjects pockets to the crown’s coffers.
And the next one is already drafted. A proposed ATF rule that will allow guns to be shipped straight to your front door. The government’s own estimate is 3.3 million home gun deliveries a year. Don Jr. sits on the board of the online gun megastore built to cash in. He holds 300,000 shares.
And that’s only the fraction they’ve allowed us to see. Not one subpoena served. Not one search executed. Why hide anything when you own the investigators?
Me? They searched a laptop for six years. Federal prosecutors. Grand juries. Subpoena power. Congressional hearings. They found nothing. I made about $200k a year selling paintings when my Dad was President, and they made my paintings part of an impeachment inquiry.
For six years they’ve asked Where’s Hunter? What about the laptop?
Wrong questions. The right one is 250 years old. Does America belong to a family?
They’ve given their answer. Long live the King.