Red Team presidential nominee Donald Trump announced his Vice President pick. It's none other than Senator J.D. Vance, a former private equity underwriter (PEU) with Peter Thiel's Mithril Capital. Mithril comes from J. R. Tolkein's Middle Earth writings. It's a fictional metal with the potential for good or evil. Thiel sponsored Vance in his political run.
Thiel had given $15 million in total to bolster Vance — the largest amount ever given to boost a single Senate candidate.
So how does a first term senator rise to the VP slot? By punching hard and raising lots of dough amongst his Silicon Valley bros. Axios reported:
Vance's crown jewel is a fundraising dinner with Trump in San Francisco on June 6, led by tech investors David Sacks and Chamath Palihapitiya, co-hosts of the hot "All-In" podcast. Tickets start at $50,000.
David Sacks is speaking at the Red Team National Convention. The Silicon Valley "live forever" bros have counted on Uncle Sam for liability protection for predatory social media. They've enjoyed the Trump billionaire tax cuts and don't want to see them disappear into the sunset. They've awakened to Uncle Sam funded disruptive technology, new drug development, fintech, crypto, AI, cybersecurity, electrical infrastructure, education, transportation, defense and anything the government can buy.
I heard a talking news person opine that Vance's appointment opens a Senate slot for Vivek Ramaswamy, another PEU.
Politicians Red and Blue love PEU and increasingly, more are one. Trump's bringing PEUnity. Lord help us all.
Update 7-16-24: And they will be served:
Government should restrain the worst of us, not cater to their wishes. The guardrails are gone. Welcome to feedom.
It was a big day for PEUs in Milwaukee. Silicon Valley scion David Sachs spoke as did former Carlyle Group co-CEO and Virginia Governor Glenn Youngkin. Even Red Team members can sense something in their gut: Politico reported:
Despite his notoriety among SF elite, Sacks’ remarks on Monday night were met with a tepid response, at best. Many attendees talked over his speech, and several of his applause lines fell largely flat.
Viewers were treated to a MyPillow commercial in the middle of Sacks speech.
Governor Youngkin delivered his speech at full volume. Will Ferrell's SNL character Jacob Silj came to mind.
Comical was Glenn's reference to "Made in America" given Carlyle's shipping thousands of jobs to China under his watch and his monitoring traffic in Beijing.
Update 7-17-24: Other noted Red Team speakers with PEU backgrounds included Senator Rick Scott and Vivek Ramaswamy. Three years ago Scott was cheering for the inflation he foresees in his Joe Biden nightmare.
Tonight the Mitrilic J.D. Vance speaks. Good thing Mithril is malleable metal. Trump requires others to bend back on themselves. It's not unity if it's a demand from "someone who never backs down."
We are seeing the Red Team side of this:
Our oligarchy is the public face of the plutocracy. An oligarchy is a government where the public discussion and agenda are significantly controlled by an elite minority. A plutocracy is a government controlled by a few wealthy individuals.
Politicians Red and Blue love PEU and increasingly, more are one.
...the US is ruled by a credentialed oligarchy, for the benefit of a wealthy few, then a lot of things will make better sense as you look at them.
Voters may wish to look at a 2021 Vance interview where he suggests Alex Jones is right.
Update 7-18-24: Vance emphasized:
“I will never forget where I came from,“ and, “We are done catering to Wall Street. We’ll commit to the working man. We’re done importing foreign labor.”
Done catering to Wall Street, door's wide open for the fintech boys.
Done importing foreign labor, what about foreign wives? Hope his father-in-law doesn't hear about this position.
Update 7-20-24: After Mithril Capital Vance went to Revolution (former home of Blue Team's Ron Klain) and established Narya Capital, which invested in Vivek Ramaswamy's Strive Capital. It's a small PEU world after all.
Co-founded by Vance in 2020, Narya Capital is a reference to one of the “rings of power” in The Lord of the Rings.
Narya was backed with about $US100 million from Thiel and a cadre of his acquaintances, including former Google chief executive Eric Schmidt and prominent venture capitalists Marc Andreessen and Scott Dorsey.Vance is clearly high up in the ring of power. This group takes more and more each day from the common person.
