U.S. President Donald Trump grabbed the world's economy by the pussy and it seized up. This caused private equity underwriters (PEU) to suspend their glorious plans of monetizing affiliates and shift to dumping PEU stakes on individual retirement plan holders.
Government savings are yet to materialize as the Department of Ungodly Greedy Executives Biased Against Government (DOUGEBAG) spent more on incapable technology than the wages/benefits of the people they eliminated. Like the PEU playbook that DOUGEBAG imitated, customer service measures deteriorated under the weight of poor planning and crappy tech.
People don't like DOUGEBAG because many lived it in their workplace. It left a mark then and DOUGEBAG's consequences will be felt for some time.
Trump is "contra Jesus" and "anti Pope" in his love for all forms of money, especially those bearing his image, and cruel treatment of the least of God's children.
Trump usurps and incorporates any object or person that might reflect his greatness, anything that glistens/gleams, any country or plot of land that shows how powerful he is on the world stage. He'd love a summit where he, Putin and Xi could carve up the globe between them.
Trump is not the CEOs friend, but their ruler. Every time a billionaire turns around Trump II, the digital Caligula is asking for another $1 million handout. Trump's time is valuable and those that want access need to pay up.
Sure, it's heady being around the apex of political power but Trump is a drainer of souls. At some point TechGod wankers and PEU bankers will beg to pay more in taxes just to be away from Trump's toxic tampering, grandiose delusions, vicious takedowns and vacuous flip-flops.
It remains to be seen how quickly Trump II can ruin the dollar. His family has big bets on cryptocurrencies. Congress has the power of the purse and would need to authorize the buying of cryptocurrencies with federal funds. My wise friend noted:
Howard Lutnick said they were going to get creative in buying crypto. I thought I just read Arizona passed the bill to reserve Bitcoin for the state. At the same time, every corporation is getting hounded by shareholders and propaganda to purchase for treasuries. Financial asset managers that I respect have allocations. FOMO . Fundamentals do not matter, power of suggestion seems to matter more.
I still do not understand how it protects anyone from anything. If they came out and said it's a plug guaranteed by the state then that's what it is, but to describe value to an algorithm conjured out out of nothing to embrace a daisy chain dynamic. Add the narrative it's a limited supply to protect holders, when the end game is to borrow against it, lever it up.
Strikes me as a pyramid I wouldn't want, especially for an asset class. The only argument that works for them is "number go up." I wonder what Sir Isaac Newton would say? The problem is if it does become a standard by force you then have to accept it.
Trump's crypto czar said he would sell none of his holdings to comply with conflict of interest rules. The Executive Branch might as well be called "Frontrunners" and I'm sure that's the allure of Don, Jr.'s new social club by the same name (Executive Branch).
There is a strong need for counterbalance from the legislative and judicial branches. "Executive Branch" has been reduced to a high dollar "Sons of Monarchy" club under this ruinous administration's savage whims.
Update: Carlyle co-founder David Rubenstein hit Trump with:
“People are reluctant in the business community to say critical things about the administration, so they tend not to do it in public,” he said. But, he added, privately they have been telling Trump “that there’s uncertainty and the tariff policy is not going to produce the kind of results that the president originally thought they would produce.”
Followed by a Fortune piece revealing a hiring red flag for Rubenstein is people who cut ethical corners. Trump shaves whole blocks from the ethics highway.
Also, lawmakers met with TechGods on national security applications. More federal dollars headed the TechGods' direction.
