Trump Win Portends More PEU

My wise friend shared several assessments after the November 5th election.  His take:

Mobsters are great again! The Bible toting citizens of the USA have declared victory through the election of the morality-minded Donald J. Trump. Crypto wins, Howard Lutnick wins, Tether wins, private equity wins, plutocracy wins, Elon Musk and the PayPal Mafia wins.  Labor thinks they have WON? 

BIGOTS have won.  Taxes will be lowered and Social Security weakened. Trump I was a test of boundaries and limits and how far he could push them. Now he knows what's acceptable and tolerable to the detriment of anyone that believes in laws and regulations. Trump II has a mandate that he will execute with full force. 

PAYOLA rules, but please use Trump Crypto.  He's surrounded by the worst of the worst and will not use FBI background checks for security. Roy Cohn holding on line one. DJT stock - up 12 points. The 10 year is pushing 4.47percent and the Dow is up 1,200 points. China and Russia and Iran are on high watch. 

Maybe everyone gets everything they want and more which pushes everything to break.  Are we finally at the euphoric top?

Another piece from Russell Clark noted:

The victory of Trump and Republicans is potentially the next step on moving to a true digital world, that is distinct from the nation state world we live in today. American corporations control almost all the important aspects of the digital world - from optic fiber cables, to social media, to operating systems to payment systems. Large US corporates operate on purely global scale, that is at odds with the domestic focus of nation state. 

We have already seen that the nation state struggles to enforce its will against large US corporates, and with the reelection of Trump, tax rates will likely fall further. Elon Musk has already made the jump from businessman to politician (with control over SpaceX and Starlink making him the most powerful single person in military matters). The support of Bitcoin, which is outside of the control of the US government, also adds to the idea that we are moving to a new stage in Western civilisation, or returning to an age of Empire, with US tech company the digital world overlords. This would be similar to the arrangement between the UK government and the East India Company back in the day.

My wise friend later added:

Trump rhymes with hump and Elon will power the pump. Who knew Carlyle's David Rubenstein would become a closet Dick Cheney with "deficits don't matter"? 

The little people do not realize how sold down the river they are, but like Dave Portnoy says, no one works harder for the billionaire class. I have a nephew that works in investment banking that is overjoyed that Lina Khan and Gary Gensler are out of the way for more deals to be done. Monetization causes elation when it improves your station.  Little people be damned. 

The Republicans are using the complete annihilation of the Democratic Party turnout and results to send the message that  the Democrat platform needs to move more to the center. LOL, what they need to do is go read Bernie Sanders message. That's the real reason the platform didn't match up to Trump's rhetoric.

On the decline in accounting principles and practices:

We have no standards. We have rules but they're always broken. We have no ORDER. It's fictitious like our capital. Inflation nation in every way possible.

The lack of oversight and protection for citizens:

Can't wait until AI hallucinations become medical procrastinations to withhold medical treatment. 

Don't worry though, Elon Musk's DOGE will clean the budget but deliver oligarchs their share of government expenditures, for sure. 

And who owns all the data? If news is data then PE has accumulated quite a bit. We went from all the news that's fit to print to Hal saying "It's all good"?

No Gary Gensler, no Lina Khan, no disclosures, good times.

Think about how self-serving cutting government, especially regulatory bodies, as the crypto and private market model guys get a firm stronghold on the economy. It's like the  SEC, how can they fight fraud when we reduce the budget and staffing? You can't and guys like Howard Lutnick, Mark Cuban, Michael Saylor, private equity/credit, crypto, all get to thrive, especially Musk.

Isn't it great when they align their interests with nary a care for their victims out there?  LOL, what a **** world and poor Lina Khan will be out of a job after proving Google was a monopoly.

The Elon Musk/Donald Trump campaign team:

Did you see Elon's X post stating the future is the future? His tweet that had robots, self driving cars, spaceships etc., as if that is the human condition. This is the problem with these high functioning so-called geniuses with zero empathy for what is going on around them. It's like the idiot savant. But I don't think he's an idiot, I think he's a self-serving savant. 

It's all about the money grab. Private market valuations have created kingdoms with their own walls of money.

As for Trump, it's really incredible how we look the other way, over and over regarding his behavior. What truly sickens me is given all we know about his frauds, his cheating, his scheming, and he is able to run for the highest office with astounding support. 

It's as if there is no moral to the story, literally and figuratively. It's like catching an Olympian on tape for cheating and handing over the gold medal. This is what we teach our children. And honestly I am not sure Kamala Harris and the DNC are any better. Maybe we have hit peak fraud? Is that the new dollar bill is that the new $3 bill with Trump on it? E. coli UNUM?

If politicians treated individuals the same as Wall Street and private equity underwriters (PEU):

Donald Trump could offer any eligible voting citizen a $100 million US government loan for 100 years with A PIK toggle. The first three years of the loan will have an interest rate of .01%. The next 50 years will be in forbearance. The remaining years will be payment in kind. If you have an early demise before all balances are spent by you they may be transferred to any family member under the same terms. This instrument will be held by BlackRock and mark to make believe forever and ever and ever. Everyone in America should be oblivious to their debts as Blackstone, Apollo, and the Carlyle Group. These loans can be used as collateral for other loans on a non-recourse basis. MAGA millions are given away!

I don't think the PEU boys and their sponsored politicians like to share.  Good times for the policy making billionaire class and their new TechGod associates.  Thy will be done.

Politicians Red and Blue love PEU and increasingly, more are one.