Jensen Hung on First Penisciples

TechGod Jensen Huang couldn't keep it in his pants, just as he couldn't resist Enron style circular financing.  He went down professionally, likely for both reasons.  

Jensen "Scatterseed" Huang wanted his "chips" installed everywhere.  That's what high energy, demanding alpha male leaders do.  Elon Musk is proud of inseminating close reports. 

We'll see what happens given insiders hate it when their grift and self dealing are discovered.  Huang could be hung out to dry or given a pampered, fluffy "don't do that again."

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and they look out after their own.

$TRUMP's Extended Drop

The memecoin that can get buyers dinner with Trump II is not worth what it once was.  His latest dinner contest was awarded a leaderboard extension as the Trump Coin Club moved back the date from November 12th at noon to the 16th at 9 am.  

One might expect a rising price from last minute jockeying for prize positions.  Nope.

$TRUMP might break the buck.  That's a sea change from his earlier F1 race contest.

$TRUMP rose from $1.40 to $3.67 during the F1 contest period. It traded over $2 on the last day of the contest (October 5th).

Trump II's savage whims show his risk taking nature.  What might he do now that extrinsic motivators have ceased to work?  We know he can't walk away.  I have no idea what a $TRUMP double down looks like.  How long before we find out?

Update:  Wow, that didn't take long.  Buck broken at 12:34 pm EST...

Roy Knocks Chip Off Red Team Shoulder

The Red Team focused on TechGods and private equity underwriters (PEU).  They catered to the PEUple not the people.

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  The White House run in 2028 could be between junior TechGod and current Vice President J.D. Vance and former PEU and Chicago Mayor Rahm Emanuel.  

Meanwhile two former PEUs, Commerce Chief Howard Lutnick and Treasury Secretary Scott Bessent are trading blows over the NVIDIA Chines spy debacle.  It's ugly when Trump II's enforcers aim at one another in public.  That said, the Donald loves a Donnybrook, especially one that diverts attention from his role in any debacle.

Trump II is consoling Jensen Huang while pondering a federal investment in NVIDIA to fill the holes their CEO blew in the company's balance sheet.  "Bailouts for trillionaires" should make voters even unhappier.  

"Republicans lost because they were focused on themselves and the ruling class and not the people."- Rep Chip Roy (R-TX)

They the PEUple (themselves and the ruling class) win anyway.  It's still the focus of elected officials despite Chip Roy's bruising assessment.  Trump II is doubling down on everything and the Red Team is in full enable mode.  

MLB Players Face PEU Owner Hardball

David Rubenstein always had a nose for money.  

What came first the private equity underwriter (PEU) or the billionaire sports team owner?  Often, they are one in the same.  

The owner of the Baltimore Orioles is ready to generate more of that money by developing land around the team's stadium.

A player lockout looms for Major League Baseball.  Will owners play PEU hardball with the players (who fans pay money to see in action).

Rubenstein can dance on a dugout but its not worth $180 for a family of four hoping to see energetic and talented sports entertainment.  

Private equity also made its way into youth sports in a big way.  South America (formerly South Park) took that on in their latest episode.  PEUs love fee generating businesses.

SPEURTS! Just speurts....

Tax Abating Muskbase

KRGV.com reported:

Starbase commissioners will consider a proposed property tax abatement for a SpaceX plan to build a data center and natural gas power plant, according to the city's public hearing notice. 

The facilities would be built on more than 400 acres near the Port of Brownsville with an estimated initial investment of about $24 billion. 

The property covers about 444 acres just east of Brownsville. It sits between Boca Chica Boulevard and the Port of Brownsville.

Starbase commissioners will consider the proposed property tax abatement and a related economic development agreement at 7 p.m. Dec. 9 at Starbase City Hall. The public can attend and speak at the meeting.

The Commission will consider the proposed tax abatement, however the percentage is not clear in the public notice.  Is it 100% abatement or a lesser number?

Also mentioned is a 380 economic development agreement, normally negotiated under nondisclosure agreements and kept confidential from the public other than a total dollar amount.   

Starbase's City Commission will consider the proposals, however two of the three commissioners are SpaceX employees.  

In most worlds this would be a conflict of interest and the two commissioners would abstain from voting.  That said, Starbase arose from the world of Elon Musk, so conflicts do not apply.

The City of Brownsville gave up their control of the property by disannexation, trading their ability to influence development for over $200 million in water project funding.

Taxes were supposed to be the benefit from a community allowing an AI data center and corresponding power plant.  Billionaire TechGods detest paying taxes as much as private equity underwriters (PEU).

When you stiff your own company town (Muskbase), God knows you are cheap.  

Update 11-13-26:  Starbase Commissioners may wish to heed Red Team Chip Roy's warning:

Many voters sought to reign in TechGods and PEUs.

Does XWell End Well for Trump Boys?

The Trump boys' playbook involves investing in companies and seeking federal business.  Once federal contracts are garnered the boys have choices.  They can invest more (as in the case of Dominari), stand pat or monetize all or part of their asset.  

Propublica ran a story on the Trump boys investment in XWell, Inc.  It states:

The Trump administration awarded a small biosecurity company nearly $40 million to screen for Ebola and other infectious diseases just months after a firm linked to President Donald Trump’s elder sons invested in its parent company, according to records and interviews. 

The contracts, one to screen for Ebola in several U.S. airports and the other to respond to disease outbreaks in the Democratic Republic of Congo, are seven times the total value of government contracts the company had directly received before. 

The company, XpresTest, has years of experience monitoring for COVID-19 and other diseases for the government at U.S. airports. That makes its parent, XWELL, an unusual hybrid, selling both spa treatments and biosecurity services.

The Trump boys' holdings in XWell come via their stakes in both Dominari Holdings and American Ventures, a Dominari investment offering.

It's essentially a private equity holding, where Dominari is the private equity underwriter (PEU), American Ventures the PEU fund and XWell the affiliate to be monetized.

After getting the federal contracts XWell plans to spin off the XpresTest unit alongside the division that does airport facials and other massage services.

XWell's stock price hit $40.40 during the COVID epidemic when the firm was conducting airport testing.  It now trades at 54 cents, which places their NASDAQ listing in jeorpardy.

They need the expertise of new board member Gerald Reid, who has advised private equity firms as a capital markets leader.  Senior Advisor Cindy Friedman, M.D. can work to keep the CDC happy as XWell works through this financial hiccup.

Time may reveal the mechanisms used to steer federal business to Trump family related organizations and it may not, especially with "Just Us" Chief Todd Blanche's protection threats to investigators.

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  

Cover Needed to Seal Rushed Deals

Trump II has been busy stirring the stink after his midterm election pasting.  Why Stephen Miller as Chief of Staff and Dana White possible Press Secretary?  

Attention must be diverted elsewhere.  Also, Trump II loves a donnybrook (as long as someone else is swinging and taking the real punches).

Trump has essentially two months to press government deals that benefit his family, heavy donors and Red Team political insiders.  I expect an "all of government approach" to funneling contracts to Trump aligned companies, especially those where a Trump son or Cabinet member child has an equity stake, a senior advisor position or a board of director seat.  Just dismissed Trump Chief of Staff Susie Wiles' daughter raked in big lobbying money from those wanting insider access to the White House. Thus, lots of noise and bombastic behavior will be required of Trump's minions.

Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod brethren.  Increasingly, more are one or related to one.  TechGods may finally learn from their PEU forefathers to stay in the background as they use their money and influence toward further enrichment.

Trump II wrote on Truth Social:

Democrats were targeting people “just because they happen to be Republicans, or Republican supporters.”

Look away press and political opponents with a new job to do.  Independent voters have long been sick of hyper-partisanship, especially the kind that sweeps bad things under the rug (Jeffrey Epstein).  

Trump's cruelty always occurred inside his obsession to ceaselessly grow his power and finances.  None of that changed in the last week.  

Former New Jersey Governor Chris Christie called Miller's appointment an emotional support choice by a flummoxed President.  If he just stayed Trump II's emotional support creep (ESC) I would not complain.  Stephen Miller running White House operations is a nightmare for our country and intended to keep sunlight far away.

Update 11-9-26:  "Just Us" Chief and Epstein Cover-up Super Villain Todd Blanche indicated he might investigate Congresspersons for investigating "potentially bad things."

My wise friend offered:

Investigate everyone involved taking money for contracts or pardons. Prosecute fully under RICO laws for their part in a criminal enterprise against the US government and its citizens. Anyone on either side of the aisle should be fined 3X (treble damages) and go to jail. 

Who would you get to do the investigation? Why not Chris Christie From the Republican side and William Black from the Democrat side? No one gets immunity.  

Update 11-12-26:  A vision came to my mind this morning.  It looked something like this: