Michael was NEVER in Debt
TruthBeTold
Posts: 178
I have came across loads of posts that keep talking about Michael, and how he was in debt. I just want to clear this up and let you all know and understand that he was NEVER in debt at all.
Someone who owns a catalogue worth in between $1b-$4b can not be in debt. Also he owns alot of other music, which gives him an income of more than 200m a year anyway.
Someone who owns a catalogue worth in between $1b-$4b can not be in debt. Also he owns alot of other music, which gives him an income of more than 200m a year anyway.
Comments
Peace
Remember, he knew he was getting money laundered from him, and he said people were signing cheques that he didnt even know about, or even know what they were for. For all we know, this hoax may not just be about the message, but also the oppurtunity for Michael to get those who might have been taken his money, along with the chance to try and take down people like sneddon.
Michael knew alot of people associated with the mafia, and the mafia's number one money maker is drugs & money laundering. Both Sneddon & Motolla have ties to the Mafia, along with the gambino's and malniks.
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."
1. Find out his real friends are
2. Get those who have robbed him of money for years
3. Possibly try and show Sneddon set him up
4. To show how backwards the justice system is/can be.
And like Souza said, its all smoke and mirrors.
Of course, it's his own personal revenge as well!
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."
<!-- s:idea: -->:idea:<!-- s:idea: --> <!-- s --><!-- s --> Maybe that new chick he was rumored to have captured, needed to be <!-- s:roll: -->:roll:<!-- s:roll: --> <!-- s8-) -->8-)<!-- s8-) --> "tested"---to to determine her G.Q. <!-- s:!: -->:!:<!-- s:!: -->
("Gold-Digger quotient"). <!-- s --><!-- s --> <!-- s --><!-- s --> <!-- s --><!-- s -->
Hey. HE's no fool, even at Love.
It IS a good test, a very <!-- s8-) -->8-)<!-- s8-) --> Solomonesque test, weeding out the "non-essentials (like status-seeking, "G-D" heartbreakers)" ( <!-- s;) -->;)<!-- s;) --> <!-- s:D -->:D<!-- s:D --> , Oh Mikey, <!-- s:roll: -->:roll:<!-- s:roll: --> <!-- s:idea: -->:idea:<!-- s:idea: --> LEAVE those hens, <!-- s --><!-- s --> and take a chance on ME!) because whatever he's earning all this hoax revenue for, I bet you it's NOT for his own coffers, or more jewels for her neck!!!!!!!
He's got plans, most probably to buy something priceless, like a complete rainforest reserve, and show some fools how 'tis DONE.... <!-- s8-) -->8-)<!-- s8-) --> <!-- s8-) -->8-)<!-- s8-) --> <!-- s8-) -->8-)<!-- s8-) --> It could happen...anything for Love is possible, because LOVE nevers fails. <!-- s:D -->:D<!-- s:D -->
I just have several questions that revolve around the "was he in debt or was he not?"
You are absolutely right, you can be wealthy on "paper" but not have cash. He leveraged his catalog assets as well as Neverland many times for "cash."
If he "hoaxed" his death, it seems like a lot of his money issues were not taken care of, in particular access to the "correct" will. Also, it was reported that the Encino compound was also close to default in the week before he died. There have also been many reports that his mother is struggling financially. Mainly because the estate is tied up in paying off debts and until that happens, she only receives the monthly maintenance for herself and the kids.
I find it hard to understand why Michael would leave his kids and mother in such a precarious financial situation if he really had been planning the hoax for many years. I believe these stories to be true because they've been reported by other than the tabloids and TMZ. Also because the finances have been exposed in court. It wouldn't make sense to present false information to a judge who oversees his mother's and children's financial security.
The finances are the issues that make me question a premeditated hoax or rather he did it because he had no other choice knowing that he couldn't fulfill the contract.
i think it's a fact that he was taken advantage of by many people. i only have to listen to the lyrics of 2Bad and Money to understand his plight. but then again, everyone who has ever dealt with him in business has said that he was astute, very bright, and had a brilliant business mind. he easily picked up on business jargon and understood Wall Street.
so did he have businesses that didn't pan out, and was he able to recover his investments? if all the debt reports are speculation, again - why would he always merely re-finance the big loan and lose so much in interest payments and commissions?
Exactly! This must cost a LOT!
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."