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Restored Republic via a GCR Update as of Dec. 6 2016

Source: Dinar Chronicles Restored Republic via a GCR Update as of Dec. 6 2016 Compiled in the early morning hours (EST) of 6 Dec. 2016 by ...

Wednesday, November 30, 2016

President-Elect Trump Announces he's Leaving his Business

Source: Zero Hedge | by Tyler Durden

Trump Says He Will Be "Leaving My Great Business In Total" To Focus On Running The Country

Nov 30, 2016 8:21 AM

In keeping with the recent tradition of making major announcements on Twitter early in the morning, President-elect Donald Trump said early Wednesday that he will announce in December that is leaving his business "in total" to "fully focus on running the country."

The announcement is in response to recent media reports that running Trump's businesses presents a major conflict of interest should he continue to do so as president.

An event is planned for Dec. 15 in New York, he tweeted.

During the campaign, Trump said he would fully sever himself from the business. Last week he suggested he might reverse himself, saying he legally could retain his role in the business operations.

Trump also tweeted that while he is not mandated to hand off the business, he feels it is "visually important, as President, to in no way have a conflict of interest" with his businesses.



I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my ...

great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ....

do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..

Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!

That said, as the Hill notes, there are several questions swirling around Trump's plan, including whether it will actually address the fundamental conflicts that exist between his business and his presidency.

If Trump hands off the business to his children, as he has indicated he would like to do in the past, it could still present conflicts or perceived conflicts of interest between the Trump administration and the Trump family. In the past, presidents have placed their funds in a blind trust, operated without their knowledge by an independent party. Meanwhile, Trump remains close to his children, with many currently occupying official roles in his presidential transition. Trump tweeted that his children will be present at the Dec. 15 conference, suggesting they will be playing some role in his business going forward — which also means that the fundamental issues surrounding Trump's business empire and his upcoming presidency will largely remain as well.

Earlier this month, Rep. Katherine Clarke (D-Mass.) introduced a bill that would require the president and vice president to place all assets in a blind trust or to notify the Office of Government Ethics when they take a course of action that would affect their finances.

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