The PEUples House

Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one.  Congress lives this with their new tax bill which saves PEU preferred "carried interest" taxation, a highly unpopular tax dodge.  Both parties combined to do one better, allow greater deductibility of burdensome interest expense.  The greed and leverage boys make money by saddling affiliates with debt, often taking those borrowings and paying themselves a handsome dividend/special distribution.

The Lever reported:

...an accounting maneuver included in the bill creates more lenient standards for calculating the deduction as a share of total taxable income, which could boost private equity firms’ tax savings by an estimated 15 percent, netting the companies billions of dollars.

Billions more for politically connected billionaire PEU Legends.  There is no people's House.  It belongs to the PEUples.

LinkedIn: Jobs Down, Advice Up Says TechGod Founder

TechGod LinkedIn founder Reid Hoffman painted a dark picture for college grads seeking entry level jobs.  

Congress is yet to tackle known social media harms for children, so they cannot be counted on to reign in billionaire TechGods worst instincts.

Because power and money talk, Congress has regulatory protections for Artificial Intelligence (AI) in its Big Beautiful Bill.

The good news is I don't have to use the job killing AI bullet.  I can stay away from AI, all of them.

Hoffman's advice to college grads is to "use AI," the very thing taking away their employment opportunities.  Spoken like an arrogant TechGod, always pushing their book. 

Isn't LinkedIn supposed to help people find employment?  Don't they use AI?

Welcome to a world of endless billionaire TechGod enrichment opportunities, known as "Gush Up Economics."  Apparently, they are the only talent worth paying and paying and paying and paying.

TechGods Join Military Reserves: Young Men

U.S. Tech executives joined the U.S. Army Reserves and were installed as lieutenant colonels in the newly established Detachment 201, an Executive Innovation Corps.  Weren't executives already working on behalf of the military via direct government contracts?  Doesn't the military already have a Defense Innovation Board?

The first members of this new elite unit include:

• Shyam Sankar, Palantir’s chief technology officer
• Andrew Bosworth, chief technology officer of Meta
• Kevin Weil, OpenAI’s chief product officer
• Bob McGrew, an advisor at Thinking Machines Lab & former chief research officer for OpenAI

These highly paid tech executives with loads of company stock now have a military commission with commensurate pay and benefits.  The public has a right not to be excited that billionaire TechGods get yet another way to make money while working to eliminate millions of jobs across the country.

The words "oracle", "breaking defense" and "detachment" seem a perfect fit for this cataclysmic moment.  

The wholesale, unrestrained government embrace of AI charges ahead on all fronts with no consideration of how people are supposed to make money and support themselves in this bizarre future.

There's always the AI Emergency Air Corp where human soldiers rush out on the battlefield to save downed drones or some future politicians digital hairpiece.  Between those rushes of adrenaline human soldiers can ingest AI porn, fall "in love" with their time-limited AI chatbot and bet digitally until their hearts are discontent.

Lakers Go to TWG Global

Mark Walter is reported to be the new majority owner for the Los Angeles Lakers.  Walter is CEO of multiple billion dollar entities, TWG Global and Guggenheim.  

Walter's TWG owns stakes in a number of professional sports franchises.

It's not clear if Walter is using any United Arab Emirates money to take the majority stake.  Not long ago they did a "you fund my junk and I'll fund yours" deal.  

TWG is not the first to partner with Mubadala.  The Carlyle Group, a politically connected private equity underwriter (PEU), did so in 2007 and again in December 2024.Lakers fans should know 

Mark Walter's TWG is big into Artificial Intelligence and already partners with Palantir, the firm building digital dossiers on U.S. citizens.

They recently added Elon Musk's xAI to the mix.  Musk is fresh off scraping lots of U.S. government data into his xAI machines.

There are enough millionaires in the Los Angeles area to sell out The Forum.  The question is how many regular people will be afforded the chance to attend a game.  Does the price of admission also include having your phone scraped by TWG's AI?

I have an idea for a promotion:  Lost your job to TWG's AI?  That gets you included into a drawing for a free ticket to the Lakers vs. Kings.  That's the least billionaire TechGods and PEU Lords can do for the little people they plan to supplant.

Evil GENIUS Act Passes Senate

President Trump's drive for $200 billion in net worth got a significant boost today as the U.S. Senate passed the GENIUS Act, which provides for dollar backed stablecoins.

Trump II holds a 40% stake in USD1 stablecoin issuer World Liberty Financial, as well as 22.5 million $WLFI tokens.

I'm sure the 68 members of the Senate who voted "YES" were aware of Trump's holdings before they passed the evil GENIUS Act.  

I don't get stablecoins.  .It's like contracting out your currency to a middleman (who you already know works with criminals).

Matt Stoller wrote:

The crypto bill is the wholesale deregulation of finance at the behest of big money donors. It’ll lead to another financial crisis, but the people who supported it won’t be blamed. So yeah it makes sense for cynics to support it.

I imagine this will blow up much faster than Gramm-Leach-Bliley, the deregulation that enabled Wall Street to package financial garbage and push it on their clients.  It took nearly a decade for the elimination of Glass-Steagall to result in the Fall 2008 Financial Crisis.

It takes financial cops to catch financial criminals and those are in very short supply.  For Trump to hit his $200 billion net worth target "the pump must go on."  The Senate did their part today, as did Treasury Chief Scott Bessent.

Pump, pump, pump...

TechGods: They're Eating the Jobs

CNBC interviewed Andrew Yang about the non-existent AI regulatory environment and the high likelihood of significant job loss.

Providing jobs for people is no longer part of a corporation's aim.  CEOs may wish to consider how they expect people in the future to pay for their products.  Henry Ford put considerable thought into this when he started his automobile company.

Yang believes in several years that many jobs will be replaced by AI and that the process will occur on a mass level fairly quickly.  Congress is still working on social media's predatory impact on children and has no appetite to deal with current or potential harms from AI, including widespread intellectual property theft.

TechGods -  "Our creations are valuable to society, yours are not, even though we incorporated yours into ours..."

It is the Age of Usurpment.

Dominari PIPES SRM for Sun/TRON

Mar-a-Lago remains the physical epicenter for crypto firms going public via existing Florida corporations.  I can see the great decider and corporate matchmaker Donald J. Trump pairing executives up in the main ballroom.  He's saying:  "It's your turn in the financial fantasy suite.  All I want is a cut, maybe some recurring revenue.  It's not for me.  It's for the boys."

Dominari Holdings, with Don Jr. and Eric (nearly 1 million shares) on their Advisory Board, announced:

Dominari Holdings Inc. (Nasdaq: DOMH) today announced that its wholly owned subsidiary, Dominari Securities LLC, served as the exclusive placement agent, successfully leading the placement of a $100 million equity investment for SRM Entertainment, Inc. (Nasdaq: SRM)

An SEC filing revealed more details.

In addition, American Ventures LLC received warrants as it was the most recent PIPE investor in SRM International in May 2025.  

American Ventures LLC has a Dominari board member for its manager Soo J. Yu.  FINRA shows that Soo Yu is an employee of Dominari.  SEC filings indicates American Ventures to have a Jupiter, Florida address and Soo Yu to be the "manager of the manager and investment manager."

Morningstar reports the company will change its name to TRON, after a reverse merger.  The company's press release makes no mention of a name change.

It's clear that more than one Dominari entity is benefiting from the deal and Eric Trump's proceeds could be far more than selling a stinking painting.

The Reds only have scruples when the Blue team is in power (and visa versa).  This version of the Insanely Greedy Reds far surpasses prior editions.    The epicenter is Mar-a-Lago with secondary shocks arising from Trump Tower.

The MMEGA Phone

While world leaders escalate the use of violence and war to "solve problems" Americans don't know what's next with Israel-Gaza, Israel-Iran, Ukraine-Russia, U.S.-Canada, U.S.-Greenland and the ever changing Trump tariffs.  

The Trump family wants to ensure Americans have a smart phone that enables citizens to keep up with Trump II's savage whims.  

Trump does a lot and never gets credit for anything.  

Let's give him credit for "Make the Middle East Great Again!"

Also, a nod to Trump Mobile for its use of biometric id, 5g and 45/47 ad nauseam:

I'll venture it comes pre-loaded with Truth Social, a Trump digital wallet, TruthFi, Trump memecoin promotion ($TRUMP), World Liberty Financial USDI promotion, American Bitcoin and a complimentary digital cologne to remove the ethical stink.

Trump's website reveals third party relationships but not the manufacturer of the gold phone.

If "America First" means "Make the Middle East Great Again" then turning over your biometric data to Trump Mobile and its 5G towers makes perfect sense.  Let the splurge begin!  Trump wants to have over $200 billion by the time he leaves office.

Update:  The Guardian noted Trump's "extraordinary conflicts of interest."  Eric indicated:

"...eventually all the (Trump) phones can be built in the United States.."

Trump's new stablecoin is out:

First of all, USD1 is 1:1 to the Dollar.  World Liberty is investing your dollar into Treasury Bills and earning interest.  USD1 holders earn no interest.  The paper dollar can be spent in far more places than USD1.  

Trump's arrangement with World Liberty may provide insight into his new Golden Phone:

Bilderberg 2025 "It's a Wrap (on the Noggin)'"

The gathering of global tamperers, the Bilderberg Group, is ending today.  In an incredible stroke of luck Bilderberg attendees include James H. Baker, an expert in Iran's nuclear weapons program.

The Guest list of U.S. attendees at the Stockholm meeting are as follows:

TechGods Peter Thiel and Alex Karp are longtime attendees as both sit on Bilderberg's steering committee.  Palantir cut its teeth protecting the Bilderberg Group annual meeting.  Their technology is used to scoop up phone numbers of pesky protesters, whether outside the gates of their exclusive meeting compound or in downtown Los Angeles.

Intellectual property thief Eric Schmidt is also a longtime Bilderberger.  So much for doing no evil.  

The smattering of private equity underwriters (PEU) seems to get smaller as the TechGod presence increases.  TechGods of War, Space and AI are there.  

Red and Blue political teams are represented.  A number of current Trump officials are there, as are close Trump advisors not in the administration.

The media is there yet again, Bloomberg, CNN, FT, the Economist, NYT and the Atlantic.  But they never say a word, a requirement of Chatham House Rules.  

The Guardian dutifully writes about the confab and offered:

The two senior White House officials at the Stockholm conference, Kevin Harrington and Michael Kratsios, both used to work for Thiel Capital. And Thiel’s famously long list of influential acolytes includes none other than Vance. 

The Swedish PM, Ulf Kristersson, turned up for welcome dinner on Thursday evening, and would have been about halfway through his second plate of meatballs when the first of Israel’s rockets dropped on Tehran.

Taking out 20% of the world's oil production (should Iran close the Strait of Hormuz) would require lots of shifting to keep the lights on and vehicles moving, much less powering the TechGods new toys.  It would also make everything much more expensive.  

Global tamperers finally may have gone too far in remaking the world to their wishes, for their power and financial benefit.  Staff at the Grand Hotel caught a glimpse of the goings on.  If only they and the walls could talk, because media attendees won't.  

Update 6-18-25:  Will AI attend the Bilderberg annual confab in the future?  Will attendees be able to tell the difference between an AI hallucination and a TechGod rant?

Currently, there is zero regulation of AI.  Congress has a bill that prohibits state regulation of AI (of which there are four to five major billionaire backed companies)

Lords and Gods of Capital

PEU Lords and TechGods want to protect you from being de-banked.  Really?  That's a bit jarring for my synapses.

The Carlyle Group, a politically connected private equity underwriter (PEU), is partnering with Citi on asset back financing for fintechs.  

Their press release states:

Global investment firm Carlyle (NASDAQ: CG) and Citi today announced they will collaborate on asset-backed financing opportunities in the rapidly evolving fintech specialty lending space. 

Carlyle would package and sell the debt side, while Citi focuses on the equity side of promising fintechs. 

TechGods Peter Thiel, Joe Lonsdale, Palmer Luckey and major Andreesen Horowitz players want to play in the same fintech sandbox.  Axios reported:

.....Atticus, the stealthy stablecoin startup that we recently reported was raising funding from Anduril CEO Palmer Luckey and others at a $2.25 billion valuation. 

Driving the news: The agreement will see Atticus (or at least its gteam) effectively merge into something called Erebor, recently formed by Luckey with plans to get a banking license. Investors in the combined entity would include 8VC, Founders Fund, and Haun Ventures. Sources say that the new investment will be for around $250 million at the $2.25 billion valuation. 

The combined business would bank startups, with a stablecoin-native element to it.

PEU (pricktechs) and TechGod (dicktechs) want to fee your mind.  Thus, one should recall Synapse.

Ledgering issues, bank partner and regulatory lapses and gross mismanagement led to a shortfall of up to $95 million between bank-held funds and amounts owed to fintech end users (customers)

Andreessen Horowitz walked away from Synapse's stinking corpse.  It did open a Washington, D.C. office to help manage the fallout.  That should tell you what you need to know.  There is a protection racket but it does not focus on customers.

Billy Long Followed in PEU Legend's Footsteps

Former Congressman and now IRS Commissioner Billy Long shares one thing in common with Carlyle Group co-founder David Rubenstein.  Both sold tribal tax credits.  Rubenstein did so prior to his founding The Carlyle Group, a Washington, D.C. based private equity underwriter (PEU).  

Commissioner Long did so after he left the House and did not achieve his desired Senate seat.  Long tried to abolish the IRS while in Congress.  David Rubenstein hates paying taxes so the pair might actually get along.

Rubenstein hired former IRS Commissioner Charles Rossotti at Carlyle.  I'm sure the PEU boys would line up to hire Long if he can help them avoid their already whittled down tax burden.

Billy Long did not get into the Senate but he did skate by with his recent confirmation.  Politicians Red $& Blue love PEU and increasingly, more are one.

College Sports Executives: Call Your Endowment Peers

College endowment experts may wish to communicate with their fellow athletic department staff regarding private equity underwriters (PEU).  Endowments are bailing on their private equity holdings, even selling them at a discount.  

College sports programs are looking at PEU investments to improve facilities and fund operations.  Sports Business Journal announced:

Elevate, a sports consulting firm, will operate a joint initiative funded by the Texas Permanent School Fund and Velocity Capital Management called the Collegiate Investment Initiative, which will provide $500 million in funding for collegiate athletics programs pursuing "capital-intensive projects," such as facility upgrades and renovations.

Endowments like to encourage alumni to leave a portion of their estate to fund university programs.  Private equity is going after that same demographic, encouraging retirees to invest in their PEU offerings.

Is it possible to eliminate the fee-charging PEU middleman and have endowments fund athletic expansion?  Realistic or not, the endowment folks should visit with their sports counterparts.  It might prevent the repeated learning of hard lessons.

Criminal Used "Currency" Coming to America

Both houses of Congress advanced bills intended to legitimize stablecoins as an asset class.  The House has the Clarity Act while the Senate considers the Genius Act.  

This is happening shortly after the political Red Team turned out in force at Bitcoin 2025.  Attendees remarked on the vibe change from eccentric, libertarian, drug addled raver to Wall Street crypto evangelist.

Former TechGod and current Vice President J.D. Vance brought down the house like only he can.  Everybody stand and clap your hands for the upcoming military parade.  I can't imagine a more tone deaf cheer.  Well, one CEO stood.

Elected officials are paving the way for stablecoins which accounted for 63% of the world's illicit transaction volumes.  Trump II, the digital Caligula, loves illicit.  For some reason a United Arab Emirates firm used Trump's USD1 stablecoin to buy a $2 billion chunk of Binance.  

Libertarians will get to enjoy the U.S. military on the streets in two major American cities, Los Angeles and Washington, D.C.  Both are Trump ordered and intended for spectacle or show.  

Are these diversionary tactics to occupy the public while the Trump Team works their next fleecing of the government for his personal enrichment?  It is nice of Congress to help.  

Update 6-11-25:  Trump plans to liberate Los Angeles from criminals while liberating crypto currencies/stablecoins for criminals.  

Update 6-12-25:  Blue Teamer David Plouffe joined Coinbase's Global Advisory Council as two crypto/stablecoin bills advance in the House and Senate. A 401k specialist called opening up retirement accounts for crypto investments an "absolutely awful decision."  

Politicians Red and Blue love PEU and their TechGod/CryptoBro brethren and increasingly, more are one.

Private Sector Lures Tennessee Congressman

Will the next private equity underwriter (PEU) be a Tennessee Congressman?

House Homeland Security Committee Chairman Mark Green, a Tennessee Republican, announced Monday that he plans to resign after Congress passes President Trump's budget bill. 

"Recently, I was offered an opportunity in the private sector that was too exciting to pass up. As a result, today I notified the Speaker and the House of Representatives that I will resign from Congress as soon as the House votes once again on the reconciliation package," Green said in a statement.

Green's District includes Clarksville, Tennessee which is a center for Big Tech.  Down the road is Nashville, home of healthcare giants and numerous healthcare focused PEUs.  DOUGEBAG's Brad Smith has Russell Street Ventures

Green is a Medical Doctor, a profession targeted for usurption by Big Tech.  Green voted for Trump's Big Beautiful Badonkadonk of a Bill which prohibits states from restricting Artificial Intelligence.  States have health regulatory boards that govern the practice of medicine and other health professions. TechGod Joe Lonsdale refers to such boards as "cartels." Green can further healthcare as medicine, his training and profession, or healthcare as software, algorithm or AI.

Physician friends might view a Congressional member with an M.D. as a Trojan Horse if he left a body that could defend the practice of medicine to join a TechGod/PEU Legend and gut their profession further.  Private equity brought us surprise medical billing and impacted the delivery of emergency medicine with hard productivity targets.  Might former Senator Bill Frist, M.D. at Frist Cressey Ventures be hiring?

Politicians Red and Blue love PEU and increasingly, more are one.  Some make their big money before running for office while others cash in afterwards.  The public will learn soon enough what drew Mark Green, M.D. to the private sector. 

Disjointed Gaza Aid Tied to Chicago PEU

Jerusalem Post reported McNally Capital has an equity stake on SafeReach Solutions, a contractor on the Gaza Aid effort, woefully inadequate to safely meet the urgent, basic needs of a trapped population.  

McNally Capital, founded in 2008 by Ward McNally, helped "support the establishment" of Safe Reach Solutions, a McNally Capital spokesperson told Reuters. SRS is a for-profit company established in Wyoming in November.

The Grayzone added: 

Axios described Safe Reach Solutions as a “strategic planning and logistics company” and said it “drafted the operational plan for the checkpoint.”

JP noted:

"McNally Capital has provided administrative advice to SRS and worked in collaboration with multiple parties to enable SRS to carry out its mission," the spokesperson said. "While McNally Capital has an economic interest in SRS, the firm does not actively manage SRS or have a day-to-day operating role."

McNally Capital, a Chicago based private equity underwriter (PEU), specializes in two sectors, Aerospace & Defense (5 affiliates), as well as Industrial Technologies & Services (3 affiliates).  

Safe Reach Solutions is not one of the listed affiliates.  McNally defense affiliates provide strategic consulting, intelligence services, security advisory, engineered solutions and IT products.  They are fully capable of assisting SRS on its Gaza work.

Flashback to the stoppage of United Nations food aid for Gazans.  Israel shut it down after ending the ceasefire in March.  

Somehow Trump's initiative found Safe Reach Solutions.  

There's more to this story than can be found in public records.  But that's the way it is in our PEU world.  

The PEU playbook involves affiliates serving Uncle Sam for access to his trillion $ wallet.  Politicians Red and Blue love PEU and increasingly, more are one. 

TechGod Elon "Epsteined" Trump II

The Gods of Mount PEUvius are very angry.  A TechGod rebellion offered the sacrifice of Trump II, the digital Caligula, for junior TechGod J.D. Vance.  

TechGod Elon Musk, fresh off his stint at DOUGEBAG (Department of Ungodly Greedly Executives Biased Agaiinst Government), started off calling Trump's BBB an abomination.  The two exchanged insults and threats, like only they can...until Elon dropped the Epstein thermo-skunk bomb, the kind that does not wash off.

Epstein-tainted Trump is now a shell of his former self, cursing wildly at 25,000 feet and unsure of whether to come back down to earth or just head into space.  He'll need to make a decision soon as the ash cloud of his political power is expanding massively.  

Trump will need to de-nut Vance, the Peter Thiel protege.  Thiel's ValarVentures is still making bank for the Epstein estate (that is real).  So expect Marco Rubio to give a vigorous defense of Trumpy Epstein.

That these men can throw the world into chaos, all for the sake of accumulating more money, power, underaged girls and whatever other predilections they fancy (legal or not) is disturbing.  

The little people can see the eruption and as usual, they will bear the fallout.

Update 6-7-25:  Trump II warned Elon not to sink his "big, beautiful bill."

“He’ll have to pay very serious consequences.”

Musk deleted his Trump-Epstein files post.  Trump sided up to the boys in blue in an effort to minimize the Epstein stink.

Update 6-10-25:  The Vance threat is forefront in Trumpy Epstein's mind.

Update 6-11-25:  Elon now says some of his post "went too far" and that he regrets them.

Karp Carps at Critics

CNBC interviewed Palantir CEO Alex Karp after reports Trump II, the digital Caligula, wants a giant government database capable of tracking U.S. residents.  That notion has not been well received.

Karp did say AI is dangerous and that the U.S. must beat China in that arena.   Alex tried to tackle his critics with a bunch of ad hominems and patriotic nonsense.

His new partner is the CEO of Teletracking which uses technology on hospital patients.

The former hospital bracelet now looks something like a smartwatch.  Karp said Palantir will help Teletracking "make smart decisions" and "be more profitable."  He did not illuminate the danger hospital patients will face under Palantir/Teletracking AI.  

Jon Stewart highlighted Alex Karp's bizarre behavior in a Daily Show segment. It's well worth the watch.  The part involving Palantir begins at the 13:13 mark.

Thank heaven for the newsmedians...  They are a wonderful counterbalance to TechGod nonsense.

Update 6-10-25:  Will the FBI use Palantir software in its crackdown of LA rioters?  

FCV Collective: Health Care PEU/Tech Gods

After doing a piece on Ben Black, the son of Apollo's Leon Black, I wondered what happened to Harrison Frist.  Harrison is the son of former Senator Bill Frist, M.D. and the nephew of HCA's Tommy Frist, Jr., M.D.  My search led me to Frist Cressey Ventures (FCV).  I noted they'd just began promoting their next fund and an executive forum:

"The FCV Forum is an opportunity that does not exist elsewhere: a retreat from the day-to-day, where a select group of the nation's top leaders from across healthcare and beyond come together in an invitation-only setting to understand the big picture trends and more importantly, to develop connections with each other and create a community of innovative leadership."

Think Davos, Milken or Bilderberg, focused on healthcare.  One name stuck out of their list of past attendees, Ellie Rubenstein (Manna Tee).  Ellie is the daughter of Carlyle Group co-founder David Rubenstein, a politically connected private equity underwriter (PEU).  Carlyle employed Harrison Frist earlier in his career.

FCV's website had a "Strategic Innovation Report 2025" which listed a number of their affiliates, their focus and other investors.  FCV invested alongside Town Hall Ventures on three affiliates.  Town Hall Ventures' founder Andy Slavitt served as Administrator of Medicare/Medicaid under President Obama. 

The path from public service to private equity (and back) has become well worn by both political parties over the last two decades.  It should be no surprise that the Red Team's Bill Frist and the Blue Team's Andy Slavitt could stake similar financial bets on companies while using their political pull to increase their odds of winning.

Both Bill and Andy are betting on Artificial Intelligence (AI).  What can a "network of top level executives" deliver?  We know they want to achieve significant financial returns.  The last two decades the American economy grew billionaires as evidenced by PEU legends and their new TechGod brethren.

Slavitt wants to use technology to serve poor people on Medicaid.  And that brings us to another PEU with a history of public service, Brad Smith.  Smith got his base wealth from selling Aspire to Anthem, the giant health insurer.  From there Brad served in numerous government roles, including Deputy Administrator for Medicare/Medicaid.  Smith formed Russell Street Ventures, a Nashville based PEU before taking RSV's top team to Elon Musk's DOGE (which I call DOUGEBAG).

Recent headlines give Smith credit for $67 billion in HHS cuts.  Rest assured the government will spend big on tech to achieve their healthcare savings.  I expect healthcare "as medicine" to be shoved aside.  Andy Slavitt said it all with "healthcare services as software."  

So the people turning healthcare into a dizzying array of tech products are three things, CEOs, political people from both parties and an insatiable investment class.  

I finally found Harrison Frist at the end of Frist Cressey Ventures' Strategic Innovation Report.

Now, if we could all just land on our feet after the coming sea change.  The collective is a very small group of people, leading massive change with no constraints.  It should worry our elected officials but they've long sided with PEU legends and their TechGod brethren.  

When I think about this exclusive collective, it's hard not to offer an invective.