Distasteful Things of TechGod, PEU Variety

Bill Kristol's The Bulwark interviewed former Blue Team New Jersey Governor and disgraced MF Global CEO Jon Corzine for insight into Trump's incoherent and disastrous tariffs.  Former CNN anchor John Avlon conducted the interview.  Avlon ran for Congress in New York as a candidate for the Blue Team.  He did not win.  

Early on Corzine noted that Trump's tariffs were "filled with conflicts."  That is something Corzine knows well as Jon paid a $5 million penalty for MF Global's usurping customer funds when his firm's many financial bets went bad.  Corzine got a lifetime ban from the Commodity Futures Trading Commission.  Avlon's introduction neglected to mention Corzine's "failure to diligently supervise the handling of customer funds."

So the non-Insane portion of the Red Team wants to hit Trump II, the Digital Caligula hard but does not want to elevate any members of the Blue Team as reasonable alternatives.  Corzine would be the perfect get for that.

It makes me want to wash my hands of the whole thing, but that is not an option.  PEU Report has covered the Government-Corporate Monstrosity for decades  to the point I regularly wrote:

Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one.

Recently TechGods decided to imitate their PEU brethren, throwing gobs of money at political candidates, in return for access to Uncle Sam's wallet and the chance to weight government scales even further in their favor.  

A journalist noticed and below is her recent TED talk:

In a dark twist this journalist's employer changed hands and is now owned by a PEU like entity, billionaire backed Tortoise Media.

Trump's TechGods include Peter Thiel, JD Vance, David Sacks, Alex Karp, Sam Altman and the Giants that attended his coronation.

Recently, Trump advisors Peter Navarro and Howard Lutnick revealed America's manufacturing renaissance will be automated, done by robot.  This is yet another nod to the TechGods and their anti-people visions.

Last distasteful thing for today:  British PEU CVC Capital indicated it may bid on Golub Capital, a frequent financier of private equity affiliates.  

Why would leveraged equity be interested in private credit?  Because in a downturn private credit gets the keys to the insolvent PEU affiliate.  If you can't sell your affiliates, getting someone else's for nearly free is the ticket to massive future profits.  CVC could also use the Golub platform to fund their affiliates needing to roll over debt.  (Golub would be in addition to CVC's current credit offerings.) 

Financial crises occur when the big money boys no longer trust each other to make good on their debts.  Players hold their cards and throw nothing into the pot.  A Lord of the Flies scenario develops inside the PEU as founders and senior executives decide which affiliates to "Piggy."  

If anyone thinks the carnage will remain at the top is unaware of this group's penchant for jettisoning responsibility and clutching the grossly excessive possessions they've accumulated in their richly deserved rise to PEU Lord/TechGod.  

Excrement flows widely and wildly from the people at the top.  Examine closely before ingesting.

Update 4-14-25:  Bonus TechGod information:  Peter Thiel's and Alex Karp's Palantir is working with DOUGEBAG on a super interface that aggregates IRS data.  Palantir cut its teeth protecting the Bilderbergers.

FT ran a story titled "Private Equity is More Stuck than Ever..."