Bloomberg TV's scroll had information on the "Mar-a-Lago Accords" this morning. It's the America First version of the World Economic Forum, where governments and corporations collude to enhance the wealth of leaders while screwing workers.
The man behind the Trump's pimped out social club accords is Stephen Miran, Senior Strategist at Hudson Bay Capital Management. The hedge fund describes itself as:
"a global investment management firm with offices in Stamford, Greenwich, New York City, Miami, Boston, London and Dubai. Hudson Bay Capital’s team seeks to achieve outstanding performance by uncovering market inefficiencies and undervalued investment opportunities that are uncorrelated to each other and to market indices while maintaining a focus on risk management, portfolio construction and capital preservation."
Miran's paper was published in November, when captains of industry and TechGods made the pilgrimage to Mar-a-Lago with million dollar donations to Trump II's coronation ceremonies.
Key Mar-a-Lago Accord elements have a distinct hedge fund/private equity underwriter (PEU) odor. They include:
Restructuring the U.S. debt load ---- Going off balance sheet, PIK loans, liquidity recaps, mark to model/fantasy
Weaken the dollar ---- Harm product/service quality, fire workers, reduce benefits
Revamp trade via tariffs --- Capture industries via consolidation, Revamp laws per policy making billionaire priorities.
Establishing sovereign wealth fund --- Newest opportunity for PEU capture, Red & Blue political teams love PEU, White House cabinets chock full of PEUs
The Mar-a-Lago Discords is the complete and total PEUization of America. I wrote my wise friend recently, noting:
The Mar-a-Lago Accords --There is nothing arm's length when you are on both sides of the deal, a common PEU strategy. Trump shredded business ethics while he was a student at Wharton. His mendacity has only sharpened since.
- Shifting liabilities off balance sheet
- Claiming fake savings
- Pumping up value of assets
- Proforma never reconciled with reality
- Fraud like we've never seen it......
