Tag Archives: politics

X-Men Producer Forecloses on Multitudes, Becomes U.S. Treasury Secretary

This is an excerpt from the 2018 Steve Dustcircle book, Trump’s Cabinet: The Rise of Each Appointed Deplorable, available in ebook and paperback from Amazon.com. The book contains links to multiple references and citations.

STEVEN MNUCHIN — SECRETARY OF TREASURY

There are two positions within the United States government that have similar titles and thus are easily confused. There is the Treasurer of the United States who is essentially in charge of minting monies. This person’s signature appears on financial notes and coin.

However, the office that fits within the Cabinet of the President of the United States that we wish to talk about here is the Secretary of the Treasury. This chair deals with being the primary financial adviser to the President.

The Treasury secretary is considered one of the top four positions in government under the president and vice president. The other three are Secretary of State, the Attorney General, and the Secretary of Defense.

The most recent Secretary of the Treasury is the President Donald Trump-appointed film producer and Goldman Sachs bankster, Steven Mnuchin.

Steven Terner Mnuchin was born a couple of days before Christmas in 1962 to a Jewish family in New York City. He shares his middle name with his mother, and his paternal great-grandfather had immigrated from Russia in 1916.

Mnuchin went to Riverdale Country School in the city, and graduated from Yale University in 1985, the same year he was initiated into the Skull and Bones, the secret society written about in the Anthony Sutton secret-spilling America’s Secret Establishment. The secret society is funded by the Russell Trust Association, which engages with international relations and homeland security studies, per IRS filings.

While at Yale, Mnuchin scored his first job as a bank investment trainee. Upon graduation, he went on to work for the notorious financial juggernaut, Goldman Sachs, as his father had.

He rose to the positions of VP and CIO, and after seventeen years, he left Goldman Sachs in 2002 with almost $60 million from the company in stocks and compensation.

Following his Goldman Sachs employment, he moved on to investing in and working in hedge funds, which collects finances from various companies or individuals and tries to diversify its investments in order to maximize monetary return.

In 2004, he invested in Hollywood, forming RatPac-Dune Entertainment, funding films such as X-Men and its sequels and Avatar. He was also co-chair with Relativity Media, but left the company months before it went bankrupt. The loss for him and others was about $60 million.

Mnuchin received much criticism during this time for sending his profits offshore in order to avoid paying United States federal taxes, which he denies.

The criticism doesn’t end there. Steven Mnuchin also had been caught using aggressive foreclosing techniques to acquire former homeowners’ homes. He had settled out of court with countless now-homeless people for millions of dollars.

In 2005, his mother—an investor with the fraudster, Bernie Madoff—had died, and Mnuchin and his brother liquidated her investments, making off with over $3 million.

This drew the attention of the Los Angeles branch of the activist movement, Occupy Wall Street. In 2011, the group gathered outside of his home and protested, as well as other groups demanding that Mnuchin and his then OneWest company be tried for racial bigotry violations against the Fair Housing Act.

It is estimated that 16,000 (39%) of all federally insured reverse mortgage foreclosures were rigged by OneWest (which were sold to CIT/Financial Freedom in 2016).

Steven Mnuchin wasn’t political per se—although he wasn’t a politician, though he’s donated to political causes in the past. While he donated to various campaigns, he admits that most of the money he’s given in the last decade were considered “favors for friends.”

During the 2016 presidential election, Mnuchin gave almost half a million to the Republican Party. As an early Trump supporter, it’s no wonder that President Trump remembered Mnuchin’s generosity and gave him an unqualified position of power in politics. After all, as of April 2016, he was the placed as finance chair of the RNC campaign against Hillary Clinton. Trump calls Mnuchin “world class.”

Mnuchin says that his number one priority is tax reform, which he says is in order to get the average American an increase in wages and possess better jobs.

He wants to cut corporate and middle wage taxes, deal internationally with only a select few countries, and to strip the regulations of Dodd-Frank, an Act that was to protect consumers from the exploitation of banks and corporation bail-outs. So far, based on what we are seeing versus what we are hearing, the most tax cuts will go to the rich and wealthy, however.

Mnuchin was criticized (and boycotted) by Democrats for his foreclosure practices of taking advantage of others, and he was accused of hiding undisclosed real estate, as well as offshore banking haven practices.

Speaking of voting and voters, upon investigation, it was found that Mnuchin was registered in two different states as a voter, possibly for the purpose of fraud, though it never was confirmed as such. With a grain of salt, it could be considered an oversight.

Mnuchin has a hard time telling apart his political job and his business endeavors, suggesting people to go see his endorsed investment at the theaters: The LEGO Batman Movie.

Steven Mnuchin is three times married, twice divorced. He has three children with his second marriage. Even with alimony and child support, he is worth an estimated $300 million.

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