TechGoddess Goes from Contractor to Board Seat

Bit Digital is an Ethereum treasury and staking company that also holds a majority position in WhiteFiber.  The company hired Serotonin in June at a monthly retainer of $30,000.

Amanda Cassatt is a TechGoddess, interested in Curtis Yarvin's TechGod blather and designing human babies.  Give them time and they will usurp all of God's realms.  

TechGods and CryptoBros are also talented at self-dealing.  Why would Bit Digital give a marketing contractor a board seat?  Why would they send her board pay to a Hong Kong entity controlled by her? 

Bit Digital had an investor presentation with data from 8-31-25 on its website.  Ethereum dropped from $4,390 on 8-31 to $3,092 on 12-14-25.  That's a 30% decline.   

The "narrative and thesis development" returns are yet to appear.   Maybe a board seat will juice Serotonin's social media/public relations strategy and execution on behalf of Bit Digital.  

Returns to date have been a bit disappointing.  

Admirals & Generals Disappear from Sunday AM News Shows

It used to be fun identifying the private equity ties to retired Generals and Admirals that appeared on the Sunday morning news shows.  General David Petraeus (KKR) and Admiral James Stavridis (Carlyle) were two of the more popular guests.  

At least three factors have contributed to their disappearance.  First, Trump's dumbing down of the Pentagon means smarter, more experienced military leaders are a direct threat to the President's mendacious, venal and banal military undertakings.  

Second, private equity underwriters (PEU) know not to endanger any economic expansion talk pushed by Trump II's underlings.  If a pump wave is coming, that could be a PEU dump opportunity.

Third, Trump's lawsuit happy stance with network news means they have to spend time actually stating his nonsense positions and book his goons.  

The Sunday morning news shows used to be a window into "politicians Red & Blue love PEU (and their new TechGod/CryptBro brethren)." No more.  We just hear from politicians Red & Blue.  I get enough of that during the week.  

Trump II continues lowering the bar on nearly everything.

Trump's Sons Spank Hunter in Shameless Dealing

Flashback to Jan. 6, 2021 when Trump I said:

"And how come Hunter gets three and a half million dollars from the mayor of Moscow's wife, and gets hundreds of thousands of dollars to sit on an energy board, even though he admits he has no knowledge of energy?' 

'And millions of dollars up front. And how come they go into China and they leave with billions of dollars to manage. "Have you managed money before?" "No, I haven't." "Oh, that's good. Here's about 3 billion." No, they don't talk about that."

PEU Report talked about that as it was happening. Trans-actional Trump II ignores the much worse leeching his offspring and their husbands are currently employing, garnering them massive sums. 

And how come Jared gets $2 billion from Saudi Crown Prince Mohamed bin Salman, the murderer of a Washington Post journalist.  Had Jared run a private equity firm before?  Jared's total take from Middle East monarchies for Affinity Partners is over $5 billion.  Affinity Partners is buying video game maker Electronic Arts and backing Paramount Skydance's hostile bid for Warner Brothers Discovery.  Meanwhile, Jared negotiates on behalf of the U.S. for peace deals in Ukraine and the Middle East.

The Trump organization ramped up deals with Middle East monarchies, while Trump II inserts himself into nearly ever U.S. business.  Deal makers earn deal fees and Trump II wants his share, directly or indirectly.

Don Jr. and/or Eric have inserted themselves into gobs of deals this year.  Dominari, American Bitcoin, Executive Branch Club in Georgetown, Vulcan Elements, 1789 Capital, New America Sponsor, Unusual Machines, Grab-A-Gun, World Liberty Financial, Public Square, Trump Media & Technology Group, Polymarket, MMA, Tribeca Developers, Kalshi and MetaPlanet.

Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  And the sons shall be far richer than their fathers.

Politics is an insufficient way to explain our world, given its ever shifting sands, serial mistruths and mind numbing double standards.  Trump II does politics meaner, more mendaciously and with unprecedented hypocrisy.  

Dominari Dividend Enriches Trump Boys

Dominari Holdings 44 cents per share dividend will enrich each older Trump son by $438,300.  That's a combined $876,600 in dividends for Don Jr. and Eric.  The pair joined Dominari's Advisory Board alongside other Trump Organization executives and they control 12% of the company's stock.  

Dominari offices in Trump Tower, moving there in 2023 after the company shifted from biotech/biopharma to financial services.  The firm offers private equity investments via special purpose vehicles.  

Private equity underwriters (PEU) wormed their way into the fabric of our government over the last two decades.  The Trump boys are but the latest to profit from their influence on government operations, even though they have never been elected to office.  

Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  And the sons shall be far richer than their fathers.  

Flashback to Jan. 6, 2021:

"And how come Hunter gets three and a half million dollars from the mayor of Moscow's wife, and gets hundreds of thousands of dollars to sit on an energy board, even though he admits he has no knowledge of energy?' 

'And millions of dollars up front. And how come they go into China and they leave with billions of dollars to manage. "Have you managed money before?" "No, I haven't." "Oh, that's good. Here's about 3 billion." No, they don't talk about that."--Trump I

PEUs Love 'em Some Middle East Monarchy

Private equity underwriters (PEUs) are excited about investing in the Middle East.  Fresh off consuming U.S politics and destroying America's middle class, it makes sense for PEUs to target Middle East monarchies, where neither a middle class nor democracy exists.  

WaPo quoted one billionaire in the story imaged above.  That person said:

"I worry about America and the way of life we have."

The Carlyle Group's David Rubenstein, the visionary who subsumed Washington politicians with "patriotic philanthropy" and Congressional "lectures", was in the United Arab Emirates, which he knows very well.  Carlyle was part owned by a UAE sovereign wealth fund (Mubadala) beginning in 2007.  

As Carlyle Group co-founder (and Semafor investor) David Rubenstein put it: “I’ve seen the future of capitalism, and its name is Abu Dhabi.”

Rubenstein has seen the future of capitalism and it has nothing to do with freedom.  He has been going there for decades.

Capitalism requires a strong and clear rule of law.  Abu Dhabi justice may be questionable for those used to Western justice.

In the United Arab Emirates: 

•  Depositions are taken without a lawyer present. 
• There is no bond system. 
• There is no trial by jury.

Punishments are divided into two categories, Sharia-based and Chastisement. 

Doctrinal punishments are based on Islamic jurisprudence (Sharia). For example, qisas is equal punishment (an eye for an eye, for example) and diyya is compensatory payment for the death of a victim (known as “blood money”). Diyya is not exclusively used for punishment (or victim’s relief) in a criminal setting. Diyya is often applied in motor vehicle accident and other cases where death has resulted from the actions of another person found negligent. Diyya is federally limited at AED200,000.

Chastisement penalties include:

• death (capital punishment) 
• life imprisonment (15 years +) 
• temporary imprisonment (3 to 15 years)
• confinement (1 to 3 years) 
• detention (1 month to 1 year) flagellation (up to 200 lashes) fines

This sounds very Trumpian, with its "an eye for an eye" and significant "compensatory payments."  Trump II employs both strategies with disturbing frequency.  

As for PEU billionaires taking over politics, that is a familiar theme at PEUReport.  The addition of impatient imitators, TechGods and CryptoBros, has been a blessing given their "in your face" arrogance and poor interpersonal skills.  

It makes things easier to see, especially as the PEU boys work quietly behind the scenes and generally display more subtlety than their TechGod/CryptoBro counterparts.

Middle East monarchs love PEU, just like American politicians.  

Carlyle & Company (Fellow PEUs) to IPO Medline

The Carlyle Group plans to IPO medical supply affiliate Medline at a $55 billion valuation, a 62% increase from its $34 billion valuation when Carlyle, Blackstone and Hellman & Friedman bought Medline in 2021.  The equity return (per an SEC filing) is even higher at 85.5%.  

It's the biggest private equity underwriter (PEU) sponsored IPO since KKR took HCA public in 2011.  Flashback to 2010:

SEC filings show HCA paid investors $1.75 billion and $500 million in 2010. 

The filing shows the impact of PEU's on health care. HCA's interest expense rose from $655 million in 2005 to $2.2 billion in 2007, an increase of over $1.5 billion. Add $1.2 billion in management fees over three years and health care costs go higher.

The PEU impact on healthcare has been more than money, although that has been significant.   Missouri Medicine reported private equity brings:

more debt, more bankruptcies, higher prices, and less quality care.

Elected officials took forever to restrict "surprise medical billing," a nefarious PEU profit maximizing scheme that harmed people needing emergency room care.  

Carlyle, Blackstone and Hellman & Friedman stand to profit handsomely from the IPO.  That's in addition to billions already drawn from Medline.

Private equity's preferred "carried interest" taxation remains firmly in place, long after both political teams promised to eliminate the unpopular tax break.

PEUs know how to pay the tax game, they don't pay and any breaks come to them.  Medline's latest S-1/A states:  

In connection with the Reorganization Transactions, Medline Inc. will enter into a tax receivable agreement with certain of our pre-IPO owners that provides for the payment by Medline Inc. to such pre-IPO owners of 90% of certain tax benefits, if any, that Medline Inc. actually realizes, or is deemed to realize (calculated using certain assumptions)

The greed and leverage boys know how to pull cash from affiliates:

We made payments pursuant to the Services Agreements to BX Management (Blackstone)totaling $270,000, $360,000, $711,000, and $784,000 in the years ended December 31, 2022, 2023, 2024 and the nine months ended September 27, 2025, respectively. That totals $2.1 million

We made payments pursuant to the Services Agreements to Carlyle Management totaling $244,000 and $60,000 in the year ended December 31, 2023 and the nine months ended September 27, 2025, respectively. That's $304,000 in total.

We made payments pursuant to the Services Agreements to H&F Management totaling $120,000 and $133,000 in the year ended December 31, 2024 and the nine months ended September 27, 2025, respectively. Combined that totals $253,000.

Apparently management fees turned into Service Agreements which cost Medline another $2.6 million under PEU ownership.

How many of you have gotten an 62 to 85.5% raise in the last four years?   That's probably more like the increase in your health insurance premiums since 2021.

Health care coverage now comes with absurd deductibles and annual "out of pocket" maximums that destroy the perilous finances of those lucky enough to have coverage, should they actually need care.

Trump II's Big Beautiful Bill benefits the billionaires and leaves ACA subsidy recipients out in the cold.  This is telling you something.

Politicians Red & Blue love PEU and increasingly, more are one.

Trump II's Involvement is Bad Sign for WB

Trump II is tossing around markers as he weighs two opposing bids for Warner Brothers Discovery.  In one corner is TechGod/Media Giant Netflix and in the other TechGod related, Media Giant Paramount Skydance.  Skydance CEO David Ellison is the son of Larry Ellison of Oracle, a major TechGod and good friend of Trump II.

The Paramount Skydance hostile bid has big Middle Eastern money in the equity portion, including funds from Affinity Partners, a private equity underwriter (PEU) founded by Trump II's son-in-law Jared Kushner.  The next Fed Chair is rumored to be National Economic Advisor Kevin Hassett, the former Global Head of Research for Affinity Partners.  Hassett would participate in a CFIUS review if that should come in play.

Under either deal Trump will usurp or extract something that feeds his or his family's pocketbook and enhances his image in each and every present moment.

The White House is tired of losing to women, be it Sabrina Carpenter or Marjorie Taylor Greene.  Fake videos and tantrums to Paramount's Chief gets Trump II that fleeting, hollow moment of payback.  Trump II needs the winner to tamp down the Sabrina's and Marjorie's as his 79 year old ego is as fragile as his lower limb vascular structure. 

Independent voters see a tired, old fool throwing haymakers at apparitions.  There is nothing there, just a series of straw-bots created by the algorithm that poses as Trump II's brain.  

These are diversions for the real agenda, the accumulation of obscene levels of power (in a flipping democracy) and gargantuan wealth, equally obscene in a democracy that once prized a vibrant middle class as a vital ingredient.

Trump intends to get involved.  Deal makers get deal fees.  As for deal making, Trump demands concessions that favor him and his family.  He then berates that party mercilessly, until they give in.  The petulant child style of deal making is back in vogue for the nation and world to see.  

Congress and the Supremes seem happy to support, even cheer, behavior that would embarrass any decent person.  Trump II's antics are offensive, especially to parents wanting to raise a child that could fit in and contribute to society.  Not bully and take from others every chance they get.  

Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  The current crop in power wants it all.  That leaves little for the average citizen.  

The Trump brand's tagline should be:  "Conflicts of Interest 'R US"