Saturday, May 4, 2024

PEU Masters Gather to Plot Election Strategy


Venture capital legend David Sachs and multi-CEO Elon Musk hosted an "anti-Biden" dinner, attended by a veritable list of future Bond villains.  The Independent reported:
The guest list reportedly included Peter Thiel, Rupert Murdoch, Michael Milken, Steven Mnuchin and Travis Kalanick.  


The group largely talked about how to defeat Blue Team candidates.  I wonder what new tools these tech gods have access to that can influence an election.  They have gobs of money and enjoy preferred taxation.

Michael Milken is the founding father of the current infestation of private equity underwriters (PEU).  A Presidential pardon wiped clean Milken's conviction for securities fraud.  That was the icing on the cake of a multi-decade image rehabilitation effort.  Milken established the Milken Global Institute to advance worldwide progress and his annual confab has been called the California Davos.  It kicks off Monday.  

In a recent interview Milken described the conference:
Individuals with the capital and influence to change the world connect with those who have the expertise and creativity to reinvent sectors from health, finance, technology, science, and more.
The sponsor list for the 2024 meeting is revealing for its high PEU content.


From platinum to gold to silver it's a legendary PEU list.  
 
Fortunately Jared Kushner and his sponsor Crown Prince Mohamed Bin Salman did not attend the dinner.  That would have opened a black hole in the earth's political crust that few could escape.  Now I know why the billionaire class is so into rockets.  "Achieving escape velocity..."

I frequently close with "Politicians Red and Blue love PEU and increasingly, more are one."  Do I need to change Red to Non-Blue?