Trump's PEU Nemesis

It's a matter of time before Trump II goes after the Washington Monument, given he has decimated every other entity formerly chaired by Carlyle Group co-founder David Rubenstein.  

Trump's takeover of the Kennedy Center has been well documented.  Courts have prevented permanent renaming and ordered the Trump name removed from Kennedy Center facilities and materials.

The White House has accused The Smithsonian of having a political agenda.  The institution argues otherwise:

"For more than 180 years, the Smithsonian has served the American public with nonpartisan and independent scholarship, and we remain committed to doing so.”

Former President Joe Biden called the Washington Monument "the Rubenstein" after the Carlyle Group co-founder donated funds for its restoration.  

Don't be surprised if one morning a wrecking ball shows up on the National Mall.  Trump appears to hate anything Rubenstein.  

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  The leader of the Red Team expects all PEUs and TechGods to bow at his feet.  To not oblige incurs the wrath of Trump II.

Trump also treats his supporters poorly, because he can.  He dicked TechGod Brad Gertsner this morning in his Trump accounts press session.  Appear with Trump and prepare to be diminished, minimized, usurped and fleeced.  It is Trump's essential being, a giant sucking hole.

Recent Legendary Weddings

Carlyle Group co-founder David Rubenstein beat Taylor Swift to the punch yet again.   It was Swift's original music in 2019 but the current situation involved wedding vows.  Rubenstein married Carolyn Zucker in a private ceremony described as the best kept secret in Washington, D.C.  It happened on June 5th.

Taylor married boyfriend Travis Kelce on July 3rd in a giant ceremony in Madison Square Garden.  

Taylor eventually purchased her music back from Shamrock Capital.  Carlyle stiffed Taylor like they did the City of Missoula regarding Mountain Water.  In both cases they said they were open to selling to the highly interested buyers but profit targets required otherwise.

Taylor eventually got her original music and Missoula got Mountain Water but those deals happened with zero help from Carlyle.  

Declaration of Independence Applies Today

The Declaration of Independence speaks to the very situation facing America today.  

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Consider the people's demands for ethical leaders, affordable healthcare and the longstanding request that billionaires pay a commensurate tax rate given they are treated as "model citizens" with greater access to the levers of power.  

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

A great usurpation is being conducted by our current President.  Whatever Trump II sets his sights on he intends to bring it into his domain, alter it at his whim, mine it for whatever monetary value it holds and turn it into a mirror reflecting his greatness.  Deal makers make deal fees.  Recurrent fees are the best kind.

America's governance is not a part time job.  International relations is not picking off weak countries and turning them into Trump II franchises while usurping their resources and controlling their markets.  The Executive Branch does not govern the world.

Reclaim freedom and institute a government that serves people outside the Epstein class.  Silver Academy wrote about our "Epstein Economy:"

Behind the curtain, a different system operates—one that increasingly resembles extraction, not governance. Call it the “Epstein class”: a network of financial and political elites insulated from consequence, enriched by proximity to power, and sustained by a permanent cycle of crisis. Endless wars funnel public wealth into private hands. Insider trading masquerades as portfolio management. The Federal Reserve quietly absorbs toxic corporate debt, socializing losses while privatizing gains.

America has an unfit ruler who plans to have an extra lengthy July 4th speech in record heat conditions, days after proudly defending his $2.4 billion engorgement in his first year in office.

I celebrate the 4th of July today with the full confidence that America can reclaim the intent of our founding fathers who had a very different view of duty, virtue and honor than the "Epstein Class" dominated by moneymen, TechGods and a government they effectively control.  

Thomas Jefferson levered his slaves when he had access to ample capital that required one condition, freeing them.  That makes him a pioneering private equity underwriter (PEU).  He devised a seven day clock in his Virginia mountain estate, making him an early TechGod.

This July 4th I beseech our creator to free us from the injurious oversized influence of PEUs and their TechGod brethren who worship Mammon and earthly power over all other.  Return us Christians so strongly to Christ's gospel that the prosperity/predatory gospel simply withers away.  

I pray that elected officials act on the best interests of society as a whole not just the Trump-Epstein Class.  I hope we have officials who understand money is money and speech is speech, even when both are digitized.

I have faith in the renewal of America.  Together we can create again.  The Declaration of Independence is the map to our future and in that I have faith.  

Today I am free to believe these things while subject to surveillance and monitoring.  Tomorrow is ours to create.  Let us come together for that very purpose, such that someday the following has no meaning:

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

Judging Greeddom this July 4th

Over the last several decades a number of trends have emerged.  More companies have become owned by private equity underwriters (PEU) and these corporate flippers multiplied like cockroaches.

Workers have gotten less of the overall economic pie, as PEU budgets are steered to management fees, drastically higher interest expenses and periodic special dividends/distributions to the sponsor.

Corporate profits soared as market forces, like prices, supply and demand, have been managed via price fixing software as a service, industry rollups and outright collusion.

Most people know something is not quite right.  Many people retiring lived at least one PEU takeover of their employer.  Some experienced many.  

Common phrases shared by those folks, "You won't believe what is going on here.  I can't talk about it on the phone or in this building, but we need to meet and visit.  It's crazy."  

Workers have no one to go to given politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and for that the little people suffer.  

Trump II has employed PEU practices to explode his family wealth to the tune of over $2.4 billion in the last year.  He and Carlyle Group co-founder David Rubenstein might call that God's work.  Only if your God is Mammon.

Total Wages down 27%, Profits up 200% and PEUs grew from 24 to 11,400.   These are things that are related.  

 

$TRUMP Boots the Ball to July 5th

CBS News reported:

Treasury Secretary Scott Bessent said he doesn't believe the recent disclosure of President Trump's billions in crypto earnings is problematic for the president. 

"I don't think there's an appearance problem," Bessent told CBS News anchor and MoneyWatch correspondent Kelly O'Grady regarding Mr. Trump's earnings. 

According to a financial disclosure released earlier this week, Mr. Trump has earned approximately $1.4 billion from his crypto ventures since beginning his second term. 

Those include his "meme coin" $TRUMP and earnings from World Liberty Financial, a cryptocurrency company backed by the president and his family.

Under Trump II, no one is paid to think, especially "look the other way" Scott Bessent.  They are to execute his savage whims.  Any appearance with a Trump name or image is good, even the bad ones.  Trump's greatest nightmare is irrelevancy.

To boot there are two days left in the current $TRUMP Coin Club contest as the sponsors extended the original end date from July 1 to July 5.   It's entirely conceivable that  Trump got complimentary tickets to the World Cup final and steered them to his Trump Memes company.  Which high dollar Trump donor ponied up for the stadium suite where the top $TRUMP holders get to view the game? 

 As for past leaderboards, the top three holders can be seen below:

Trump's fallout with Justin Sun has been more costly, both in dollar terms and reputation.  How bad do you have to be to have a fallout with a fraudster you pardoned?

Trump' crypto shenanigans are an ethical earthquake.  What other president held billions in assets in an area they were charged with regulating?

Billions in Trump II crypto earnings should be a problem for all his loyal followers who lost their shirts betting on any Trump crap-coin.  A Presidential rug-pull is a rug-pull just the same.

$TRUMP traded around $14 for Contest #1, $3 for the the second and below $2 for much of the current contest.  As the for the $TRUMP Leaderboard extension, compete at your own peril.  

The Coin Club does not represent, warrant, or guarantee that $TRUMP coins have any utility, payment functionality, or commercial integration beyond serving as an eligibility criterion for Coin Club membership. 

No representation made on the Website, in marketing materials, on social media, or in any other communication by or on behalf of Fight Fight Fight LLC constitutes a binding promise that any specific benefit, discount, merchant partnership, event, or experience will be available, maintained, or delivered. 

Any descriptions of potential benefits are illustrative only and are subject in all cases to the discretionary provisions set forth herein. You acknowledge that you are not acquiring or holding $TRUMP coins in reliance on any such representation.

There's even an out for "do this to get that" in TrumpWorld. 

Softening the Great Intrusions

Trump II brought the worst aspects of private equity underwriting (PEU) to light with his Presidential personal profit machine.  PEUs have long levered political contacts for gross monetary gains and government protection, especially in the tax arena.  However they did so quietly, behind the scenes.  

Their lobbying group even changed names from the Private Equity Growth Capital Council to the American Investment Council.  Private equity became man's "highest calling" and storied newspapers wrote of "policy making billionaires."  On this blog, I suggested otherwise.

Trump II's "blatantly obscene pilfering" is recast as "honest graft" by the Wall Street Journal.  Horse Hockey!  The Presidency isn't supposed to be a "deal makers make deal fees" job.

Trump rug-pulled his meme-coin followers, front ran key strategic decisions across multiple arenas and usurped powers the Supremes had yet to grant him.

All of Trump II's pardoned fraudsters together could not have come up with such a scheme.  

1.  Win a second presidency when you botched the first.  

2.  Do it all in the daylight with taxpayer money in an orgy of financial excess

3.  Conduct the scheme across currencies and using offshore vehicles

Brilliant, if you are Lex Luthor, Dr. Doom, Todd Blanche or Thanos.  

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and that's why they won't lift a finger to stop Trump II's wealth engorgement army.  For all this, the little people suffer.

SPACEX to Pay Grimes County $20 million Annually in Lieu of Taxes

Grimes County negotiated an economic development agreement with SpaceX.  In return for 100% tax abatement SpaceX will:

After negotiation, a $10 million upfront payment and a fixed PILOT of $20 million per year for 35 years. 

There are provisions to protect the environment, requiring SpaceX to comply with all environmental laws, and provisions to protect water. They verified it is not their intention to use groundwater. Provisions to protect the grid, they will be providing their own electricity through power plants. In fact, they will be putting more energy, in excess of their needs, back onto the grid. Noise and light pollution were addressed.

NOTICE OF PUBLIC HEARING Grimes County, Texas The Commissioners Court of Grimes County, Texas, will convene in public session at its regularly scheduled meeting on June 3, 2026 at 9:00am at the Grimes County Commissioner Courtroom, located in the Grimes County Justice & Business Center, 270 FM 149 W., Anderson, Texas, at which the County Commissioners will consider approval of a property tax abatement agreement as described below. 

Name of property owner and applicant for the tax abatement agreement: 

Space Exploration Technologies Corp., a Texas corporation 1 Rocket Road, Starbase, Texas 78521 

Name and location of reinvestment zone in which property is located: 

SpaceX Reinvestment Zone No. 1 – 2026-001 will be located at the Gibbons Creek Reservoir and surrounding areas.

A general description of the nature of the improvements in the agreements is as follows: 

SpaceX proposes construction of a multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility, which would represent a transformative investment in domestic semiconductor manufacturing capacity. 

Estimated cost of improvements or repairs: 

Estimated capital investment for the initial phases is $55 billion, with an estimated total capital investment (if additional phases are constructed) of $119 billion.

During the June 3rd meeting:

Motion by Chad Mallett to Approve a Tax Abatement Agreement between Space Exploration Technologies Corp and Grimes County pursuant to Chapter 312 of the Texas Tax Code and allow County Judge as signatory. Seconded by Phillip Cox. 

Record vote: Commissioner Mallett-Yes Commissioner Tullos-No Commissioner Raska-Yes Commissioner Cox-Yes County Judge-Yes

In Favor: 4 Opposed: 1 Motion Passed

In the same meeting the Commissioners' Court moved and passed the following by the same 4-1 vote:

Discussion and action on approving a Section 381.004 Economic Development Program and Agreement between Space Exploration Technologies Corp. and Grimes County, Texas.

There was no specific information relative to the economic development program and agreement with SpaceX in the meeting background packet, nor was any presented during the meeting.  

Even local politicians love TechGods and their PEU (private equity underwriters) brethren.  Increasingly, more are one in our "self service" oriented world.