Thursday, April 7, 2022

Red Team PEUs to Disrupt Party


NYT
reported how the greed and leverage boys want to reshape the Republican Party landscape.  Peter Thiel is a private equity underwriter (PEU) and Rebekah Mercer is the daughter of hedge fund pioneer Robert Mercer.

A new coalition of wealthy conservative benefactors that says it aims to “disrupt but advance the Republican agenda” gathered this week for a private summit in South Florida that included closed-door addresses from former President Donald Trump and an allied Senate candidate at Trump’s Mar-a-Lago club, according to documents and interviews.

The coalition, called the Rockbridge Network, includes some of Trump’s biggest donors, such as Peter Thiel and Rebekah Mercer, and has laid out an ambitious goal — to reshape the American right by spending more than $30 million on conservative media, legal, policy and voter registration projects, among other initiatives.

The PEU boys want to continue their ready access to elected officials in order to have their will instituted into law.  Yes, America's policy making billionaires want to hold onto and grow their power, their outsized holdings and keep their preferred tax status.  

In 2017, it emerged that Thiel had been granted citizenship by the New Zealand government In his citizenship application, he said he’d found “no other country that aligns more with my view of the future than New Zealand.”
Does that means he is using the United States, his home country? 

Politicians Red and Blue love PEU and increasingly, more are one.  Virginia just elected one as governor and two of Peter Thiel's PEU employees are candidates for the U.S. Senate.  

Update 4-8-22:  PeterThiel disrupted Warren Buffett's image at the Bitcoin confab in Miami.

Billionaire entrepreneur Peter Thiel on Thursday called billionaire investor Warren Buffett a top “enemy” of bitcoin and part of a “finance gerontocracy” that has held back the cryptocurrency’s adoption.

Bitcoin BTCUSD could have a market capitalization that matches the $12 trillion gold market and even the $115 trillion public equity market, Thiel said at the Bitcoin 2022 conference in Miami on Thursday. 

But a group that the outspoken venture capitalist referred to as the “finance gerontocracy” has suppressed bitcoin’s adoption, said Thiel, who called Buffett a “sociopathic grandpa from Omaha.”

What's wrong with Bitcoin given derivatives are doing just fine without Buffett's endorsement or use?

Update 8-18-22:  A local council denied Thiel's application to build an 18 acre series of buildings in their New Zealand community.   His sprawling lodge community will have to go somewhere else.