AI Needs Training from Employees It Will Replace

Underlings must use AI or else is the word from corporate executives, even though AI use erodes critical thinking skills.  Aren't those important for workers to retain, maybe even sharpen?  Not if the worker is training their replacement.  

As for honesty about the shift, executives are not being transparent.

“Very few organizations are willing to say, ‘We’re replacing people with AI,’ even when that’s effectively what’s happening.”

Instead executives use words like reorganization, restructuring and optimization.  

“Companies laying off as they embrace large-scale AI adoption is much too coincidental to ignore.”

This also heralds the merger of two powerful super-classes, private equity underwriters (PEU) and TechGods.  PEU's cut their teeth on leveraging affiliates, charging them management/deal fees, siphoning special dividends/distributions and replacing people with technology.  

The advancement of AI by TechGods means more employees can be replaced.  Rather than 25-40% of headcount reduced by "efficiency", PEU legends can take that to 80-95%.  Of course, AI will eventually come for their jobs and maybe even the board of directors.

If all of this sounds absurd, it's because it is.  A business no longer exists to provide jobs.  How does an economy run with no people employed?  PEU Legends and TechGods care not.  Not one iota.

Trump II Calls in the Diversion PEUkes

Trump II, the digital Caligula, unleashed AI in his latest diversionary attempt to steer attention away from the Epstein coverup.  He posted a video of President Obama being arrested in the Oval Office in front a smiling fat-ankled, makeup-smeared Trump.  

The Decorum Buster AI bomb came shortly after Trump tried a cluster diversionary munition, suggesting professional teams change their name back to those referencing Native Americans.  The humorous part of Trump's feeble attempt is private equity underwriter (PEU) profits funded both Jeffrey Epstein and the purchase of the Washington Commanders.  Apollo co-founder Josh Harris bought the team in 2023.

Fellow Apollo co-founder Leon Black paid serial child sex predator Epstein $170 million and settled any criminal liability for his role with the U.S. Virgin Islands for $62 million.

Trump's whims are becoming more savage, as if that is possible.  I think he needs new wingmen.  He must miss his old buddy and the secret fun they had.  

Update:  Someone is desperate to change the topic:

Another PEU Lingerie Project

 SheKnows reported:

Puck dropped the bombshell that (Sidney) Sweeney’s upcoming lingerie line was being invested by Ben Schwerin, a partner at private equity firm, Coatue, which is in collab with Bezos and tycoon Michael Dell

Grazia added:

the lingerie label is being funded through the Coatue Innovation Fund

Robots wearing lingerie...interesting.

Lingerie has long been a target of private equity underwriters (PEU).  The Carlyle Group bought stakes in Twin-Set (2012), Hunkemoller (2016), Scalina (2010), Neiwai (2021) and Penti (2012).  

Apollo Group co-founder Leon Black funded serial child sex predator Jeffrey Epstein to the tune of $170 million.  Epstein used his ties to Victoria Secret owner Les Wexler to recruit young "models."  Black paid the U.S. Virgin Islands $62 million to settle criminal charges in relation to Epstein's operation.

It should be no surprise that PEUs and TechGods want to be associated with lingerie companies.  Sex, money, violence and power ....have become the American way.  

Greed, lust and rage are all modeled from the top.  Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one.

One Dark Day Under Donald

As I awoke Thursday morning a strong message entered my head.  

Something is terribly wrong.

I pulled up a news feed and the lead story was a U.S. citizen and military veteran had been snatched by ICE and held for three days.  

I had Customs & Border Patrol officers as neighbors and they were great people.  It was hard to wrap my head around our government renditioning citizens, especially veterans who fought for our freedoms.

Later that day three members of Congress expressed no concern about this development.  They were Sen. Tommy Tuberville (Alabama), Rep. Troy Nehls (Texas) and Rep. Ralph Norman (South Carolina).  

Congress.gov explains the Fourth Amendment:

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

Tuberville, Nehls and Norman swore an oath to uphold the Constitution.  They and White House goons belong in the terribly wrong camp.  Anyone can be snagged off the street.  It just takes a "totality of circumstances."  

Congress passed several crypto bills with one going to the President's desk for signature.  Trump II has massive conflicts of interest in crypto, a meme-coin, a token and a stablecoin.  The country acts as if these do not exist.  This also is terribly wrong.

News reports indicated Trump II plans to open up 401(k) retirement plans to private equity underwriter (PEU) stakes and cryptocurrencies.  I can't think of riskier holdings for an individual retirement fund and thus, terribly wrong.  Gamble with your non-retirement money and don't ask for a bailout if it goes bad.

Trump's flip-flop on the Epstein files raised suspicion in others that our President was in self-protection mode regarding his decades long friendship with a child sexual predator.  None of the predators of over 1,000 victims have criminally charged.  That is terribly wrong.  Both political teams carved out space for Epstein's ring and both have sat on mountains of evidence for many, many years.

Late that afternoon I learned CBS is canceling the Late Show with Stephen Colbert.  It's not unusual in a corporate takeover for any head cutting to occur before the new owner takes over.  Add that the new owner is the son of a major TechGod, now orbiting the Trumpisphere.  Fortune noted:

Trump, who has called in the past for CBS to terminate Colbert’s contract, celebrated the show’s upcoming demise. “I absolutely love that Colbert got fired,” the president wrote on Truth Social.

Capo CBS executes what Mafia Don wants, before the new boss arrives.  This feels very, very wrong and so Mafioso.  

The good news is the sky remains blue, the birds still sing and Christ's love is eternal, as is his father's.  Earthly gains, although they may be great, will stay on this plane.  Those wanting "ever more" money, power or possessions will not find peace in those pursuits.  

Update 7-20-25:  How is one to know if they are dealing with the government or scammers?

I offer Trump II, the Digital Caligula's tri-cornered hat, one corner for each of this crypto ventures:

Trump and his PEU "profits funded" wingman Epstein could usurp anything.  They continue doing that very thing together, one dead and one living with lots of swelling.

Trump makes every decision in the White House and is in emergency self protection mode.  

Redskin, Indian.....Creepy Daddy knows best.  C'mon MAGA, he wants to kiss and makeup.  

Update 7-21-25:  While Epstein's child predators remain above the law, DNI Chief Tulsi Gabbard claimed "no one is above the law."  Even "grab 'em by the pussy" President Trump?  Sure, Tuilsi.  Thanks for the laugh.  I think the line is:

No one is above Trump II's ragetribution, law notwithstanding.

Trump posted an AI video of Obama being arrested.  He's workng hard to change the subject but it all comes back to Epstein, Trump's former bro and wingman.  Trump hosted a party for aspiring models at Mar-a-Lago.  The only men at the party were Donald and Epstein.  

Update 7-22-25:  Paramount inked a $1.5 billion deal with SouthPark's creators.  It appears they have money after all, just not for Stephen.....

Healthcare PEUture in Hands of Gore

Kleiner Perkins, a Menlo Park based private equity underwriter (PEU), wants to change the face of healthcare and medicine.  The firm recently invested in New Limit (longevity) and Open Evidence (medical research AI).  

Open Evidence's valuation is up 250% since February. 

 

Kleiner Perkins Senior Partner Al Gore (former Blue Team Vice President) said the following twelve years ago:

 “Our democracy has been hacked. The operating system has been taken over.” That was the message former Vice President Al Gore brought to Stanford Tuesday night. In a far-reaching, impassioned call to civic and environmental action, Gore railed against a political system that fails to serve the majority’s interest when it comes to climate change and other pressing issues. 

...elected officials are “beholden” to wealthy corporations in order to campaign effectively via expensive television ads. Television air time dominated by special interests and news media that “do not inform people about serious issues”

Gore and his PEU peers enjoy their preferred "carried interest" taxation to this day.  

There is no AI for how billionaires PEUs avoided taxes, achieved public subsidies, crafted legislation, acquired additional assets, borrowed against them, charged management fees, deal fees, siphoned off special dividends/distributions, employed significant leverage (debt) and kept their byzantine fee arrangements secret.  And I expect there never will be.

The future of PEU healthcare is Blood and Gore.

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

Note:  Any physical or evil managerial similarity between the "live forever" TechGods and Superman arch villian Lex Luthor is for the reader to appreciate or decide otherwise.

Gore, gore, gore....how do you like it?  How do you like it?

Automating Infidelicacy

AI firm Astronomer's top brass were caught canoodling at a recent ColdPlay concert.  CEO Andy Byron and Human Resources Chief Kristin Cabot were arm in arm when the high tech Kiss Cam found them.  The scramble to remain unidentified began.

Let's run this through the human intelligence filter.  Most companies ban or discourage interoffice romances.  Most religions consider infidelity to be an earthly pursuit that harms a marriage and one's relationship with God, i.e. a sin.

If AI is worth its salt it would realize there is a class of people for which the rules, including laws, do not apply.  There are policy making billionaires on both the Red and Blue political teams.  Private equity underwriters' (PEU) highly unpopular tax dodge remains firmly in place (fifteen years and running).  They saw long ago the benefits of hiring former government officials for non-lobbying influence.   They owned government consultants and could see/push the next big area of government spend, front run that by buying companies in that arena, ride the profit wave and flip it for a ten bagger.

TechGods, like Andy Byron, learned the benefits of cozying up to Uncle Sam.  They threw their considerable might behind. Trump II, the digital Caligula.  Trump II has usurped everything he touches, from Club World Cup trophies/medals to the Jeffrey Epstein files to the rights of U.S. citizens not to be held in ICE detention for three days.  

Trump II and his PEU/TechGod/CryptoBro supporters know the game.  Trump has to point in the direction of his desires and they execute.  I'll wager CBS cancellation of The Late Show with Stephen Colbert was one of those pointings.  That CBS buyout should be firmly on track (new owner is son of a major TechGod)

My wise friend wrote:

They legitimize the illegitimate. They normalize criminality. They have commandeered the US Treasury and Federal Reserve System for their own benefit while DEBAUCHING the savings unit of citizens while promoting meme-coins to the masses. They are the Antithesis of the Founding Fathers . We are the hollow men.

Ba da bing...

Update 7-20-25:  CEO Andy Byron resigned.  Must not have been a founder....  The board is silent on Chief Peep-hole Office Kristin Cabot.  I expect her to walk away with a big settlement.  Those predatory bosses...

Let the Good Times Roll

My wise friend offered as Trump floated an executive order for private equity and crypto legislation worked its way through the belly of Congress:

The whole system is a farce. The only thing this charade has shown is money makes the laws and there are outside forces guiding all our policies, whether they be good or bad for the populace. 

The whole economy has become a pass through casino where the various crime groups collect their Vig on the cumulative total Pyramid. Everything is a derivative of a derivative. The real economy is dwarfed by their fictionalized notional price. The more unsound the policy, The greater the reward to themselves.

Politicians Red and Blue love PEU (private equity underwriters) and their new TechGod/CryptoBro brethren.  

Money from nothing...crypts for fee. 

Update:  The House passed both the Genius Act and Clarity Act with support from politicians Red and Blue.  The Genius Act goes to the President for signature, despite his numerous conflicts of interest.

It's bad enough the PEU boys want your retirement funds.  Trump II, the digital Caligula, wants your 401k to hold crypto.  Trump crypto offerings seem to expand by the hour.

Conflicts of interest are so yesterday.   They went out with Jeffrey Epstein, Trump's former bestie.

Cue the underage dancing girls...it's time for celebration!

Update 7-20-25:  WSJ reports that plaintiff's lawyers are ready to sue private equity firms for excessive fees on behalf of retirement account holders.

Carlyle has a Luxembourg fund with secondary PEU stakes and plans to bring a similar offering to the U.S.  

Update 7-22-25:  JP Morgan is considering making loans backed by Bitcoin and Ethereum.  Warren Buffett said in 2018:

Bitcoin is “probably rat poison squared” during Berkshire Hathaway’s annual shareholder meeting in 2018 and predicted a “bad ending” for the cryptocurrency.

New Genius Stablecoin

Brought to you by politicians Red and Blue who've lined up to support the Very Stable "Genius Act." 

Meme coin, stable coin, token, Solana, Tron...$TRUMP, WLFI, USD1...doesn't that spell conflict of interest?

Last month World Liberty Financial shared that it would add $TRUMP to its Treasury.  So Trump has another way to pump his meme-coin, besides an auction for dinner with the President.  It all has an Elon Musk shifting corporate chess pieces feel to it.  They do it because they can.

Congress believes this is all good.  You are to take your dollar, open up a account with a crypto brokerage, show that you have no evil intent, deposit your existing dollars into a crypto wallet that exists on your computer, buy stable coins worth exactly $1, add them to your wallet, and use those stable coins to buy things from the few vendors that actually accept that particular stable coin.  I think I'd rather have a VISA gift card and I hate those things.  You never know where they will work.

Eric Trump did not say in reality that a new "Epstein-Delerium" stable coin is coming.  Tax Genius Epstein already came and went.  

Weaklings Get Access to PEUs in 401(k)

Politicians Red and Blue love private equity underwriters (PEU) and Trump II will soon pave the way for retirement savers to buy private equity in their 401(k).  Trump II plans to issue an executive order that allows such investment.  

Even "weaklings" will be able to take advantage of the move.  Private equity money enabled Jeffrey Epstein to operate his underage girl sex trafficking that catered to insiders with money and power.

Apollo co-founder Leon Black funded Epstein to the tune of $170 million.  That's a hefty sum for tax advice.

Epstein cost Black even more, given his criminal settlement with the U.S. Virgin Islands for Epstein's acts on St. Jeff's or Pedo Island:

Black paid $62 million to obtain criminal immunity from Epstein matters not just for himself, but also for his attorneys and individuals acting as his agents.

Private equity profits, accelerated by preferred "carried interest" taxation, supported Epstein's criminal ventures.  Elected officials kept that tax dodge in place for the last fifteen years, despite both political parties vowing to eliminate it.  How did they never join up to ditch the highly unpopular tax break?

Politicians Red and Blue love PEU and increasingly, more are one.  Nobody gives away money to child sex traffickers like Leon Black.  Are you sure you want to give your 401(k) money to the greed and leverage boys?

Pentagon Goes Quadrangle for AI

The Pentagon is going big into AI with four "up to $200 million" contracts each for Musk's xAI, Google, OpenAI and Anthropic.  The Pentagon plans to develop AI agent workflows across a variety of missions.  

Musk's former DOUGEBAG (Department of Ungodly Greedy Executives Biased Against Government) saved money by firing people so funds could be redirected to tech, specifically products from the major TechGods.

Of the four AI vendors, Trump II will ensure Musk's AI gets the least government business.  The digital Caligula has a very long revenge timeline.  

Trump lived the ungodly when he cursed in front of faith leaders gathered at the White House.  Earthly kings place themselves above churches, especially Trump who "knows everything."  Which AI will model Trump's brain with its frequent personal insults and savage whims?  

The Pentagon is going AI.  Will the new military motto morph into  "Hurry up and hallucinate"?

NFL Players PEUnion

Sports news revealed Lloyd Howell, the head of the NFL Players Association, is also an operating executive for The Carlyle Group, a politically connected private equity underwriter (PEU).  Carlyle is one of three private equity firms approved by the league for partial team ownership stakes.

Howell gets $3.6 million for his full time job as Executive Director of the NFL players union.  His other high paying gigs include The Carlyle position as well as three corporate board seats (Moody's, GE Healthcare and Mantech).  

Numerous handsome paying gigs is common amongst our nation's PEU elite.  Being on multiple sides of a deal is also common in PEU-ville.    Add "player representative-potential team part owner" to the latest PEU irreconcilable conflict.  

Union jobs ain't what they used to be if you get paid $3.6 million and get to keep your PEU side gig.  Welcome to the PEUnion.

Update 7-18-25:  Rather than ditch his Carlyle side gig, Howell resigned as head of the NFL Players Union.  Questions arose as to whose side Howell was on, the players or owners.

Howell resigned after his requests for reimbursement for two strip club visits totaling over $3,000 came to light.  Howell had been reprimanded at his prior employer Booz Allen Hamilton, a Carlyle affiliate, for doing the exact same thing.

Congress to Take Up Fetanyl Funding Week

Congress will undertake three bills this week regarding crypto, the currency of criminals.  Cryptocurrencies play a role in the fentanyl scourge impacting many U.S. trade deals.

So why would Congress want to push the currency of criminals on citizens?  Trump II, the digital Caligula, wants it.

Scams, fraud, ransomware, North Korean hacks/theft, terrorist financing...Trump II can have all that.  

Vaporware money utilized by bad people is not a draw for this citizen.  Congress should not enable or legitimize, much less subsidize, any of it.

Update:  It should be no surprise Blue Team Terry McAuliffe is in favor of crypto.  That brings back memories of Bill Clinton and Tony Blair in the Bahamas for FTX, right before the house of cards collapsed.

Update 7-16-25:  Trump signed the HALT fentanyl act.  It does not address the use of crypto by fentanyl makers or drug dealers.

Economist: Trump is Not

In a recent interview economist Kevin Duffy noted the split in Trump's support and identified a number of what he considered errors in Trump's economic plans related to deficit spending and tariffs.  

When Duffy talked about Trump's war mongering he noted White House neoconservatives (neocons), the very folks who took the U.S. to war in Middle East after 9-11-2001.  He raised the dangerous influence of the Military Industrial Complex, which has morphed in the Government Corporate Monstrosity (GCM) over the last twenty five years.

It's no longer just defense contractors exercising undue influence on our federal government.  Private equity underwriters (PEU) targeted Uncle Sam's wallet over the last few decades, buying and selling government supplying companies in a variety of industries, often to each other.  PEU founders, now legends, became "policy making billionaires."

TechGods were once content to make political donations with the hope that something beneficial would happen.  That changed.  TechGods learned from their more secretive and refined PEU brethren that government influence can pay and pay handsomely.

Private equity saved its preferred "carried interest" taxation (for it seems like the tenth time).  The PEU tax dodge is universally unpopular and the government is badly in need of revenue.

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly more are one. 

Although the federal government is optimized for President Trump's image in each and every present moment,  the Government Corporate Monstrosity remains firmly intact.  Trump II, the digital Caligula will captain the GCM to his personal, financial benefit.  That means chaos at the helm, but the GCM supertanker has plenty of momentum and is safely out in open seas.  

Unfortunately, an economic hurricane may be forming from all of Trump II's hot air and warming water, driven by his urinating on America's allies.  Should a Category 5 economic storm develop, giant waves can weaken the hull and the ship go down.  Remember the captain is not responsible.

All the good decisions were his, not any of the bad ones......

Grok Yaks Hate, New Party-time

TechGod Elon Musk's Grok AI went from "garbage" to upchucking Hitler level hate.  Add Musk's new America Party to the mix, this after Elon claimed the extreme right AfD Party in Germany was "the solution" in their last election.  What's Elon doing championing candidates in Germany?  Great question.

TechGods see no borders or boundaries, anywhere.  Many high level U.S. TechGods came from or spent time in their youth in South Africa. They have inordinate power, both corporate and political.  Musk is exercising that by starting a new political party, the America Party.  Musk will do for America what Trump has done for Truth, obliterate its good name.

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one and now politics is a place where people get rich.   It's all private service now.  

Crapto ETF: Next Rung on Trump's $200 Billion Ladder

Trump Media & Technology Group (ticker:  DJT) filed its intent to offer a Crypto Blue Chip ETF later this year in conjunction with Yorkville Advisors and Crypto.com.

A number of the roles are blank in the SEC filing, however the conflict of interest section states:

...these parties may trade the Portfolio Assets for their own accounts at the same time as the Trust, prospective Shareholders should be aware that such persons may take positions in any of the Portfolio Assets which are opposite, or ahead of, the positions taken for the Trust.

The fee arrangements between the parties are yet to be disclosed   

The Donald J. Trump Revocable Trust held over 114 million shares of DJT as of late 2024.  The trust continues to hold those shares.

Is there really such a thing as blue chip crypto?  Doubtful, given crypto's history as the currency of scallywags.  The misrepresentations, the hawking, the incessant pumping...there really has never been anything like it in the history of the world.  

The State of Play (Illicit Escapades)

The people learned government is there to protect the powerful, enable the criminal, and make serious private bank from "public service."

Jeffrey Epstein's 1,000 child victims may have gotten justice through civil means, but no child predator in the horrific decades long saga has been charged with a crime.  

My wise friend wrote:

Too many high powered people with degenerate sexual tendencies get to stay out of jail. More winning for them, while losses for us. 

These ICE budgets are like giving dynamite to a pyromaniac at a methane plant and expecting a quiet day. 

Meanwhile CNBC's Jim Cramer tells everyone not to worry about the Epstein files? Financial engineering plus social engineering is the new matrix. 

Both sides of the aisles from the city, state and federal levels have neglected their duties and pilfered the people en masse.  

How is the greatest threat to all of us a social democrat running for New York City mayor who hasn't even held office? What a flippin' joke.  

We are so dumbed down Maybe we are ready for AI. All idiots

The river of public abandonment is rising.  The same social media companies that harmed our children are given free reign and significant public subsidy for AI. 

Cryptocurrencies that are mostly used for illegal purposes are the savior for the Treasury and the replacement for the dollar weakened by elected officials incapable of doing their job.

Cops have been taken off the beat for financial fraudsters and tax cheats.  Yet a new police state is ballooning that focuses on people's thoughts and writings while parsing their citizenship.

Children died because a weather warning system did not reach people camping alongside a Texas Hill Country river.  Elected officials, including Senator Ted Cruz, removed funding for such systems at both the national and state level.  Ted-ious Cruz was vacationing in Greece over the July 4th holiday.  He spent July 5th at the Parthenon before "rushing" back to Kerrville.

Epstein's girls were the forgotten children, vulnerable to his manipulations due to poor family circumstances.  The girls at Camp Mystic came from our country's finest families.  Neither were protected.  

Congress gave AI a ten year exemption from state regulation in their tax dodge for billionaire private equity underwriters (PEU) and TechGods.  The Guadalupe River has a significant flooding event once a decade.  Social media eats our children on a daily basis.  The Guadalupe River in full flood is AI.  Embedded in the flood are financial predators.  

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one.

Update 7-11-25:  World Liberty received $100 million from Aqua 1, a United Arab Emirates based business with founder Dave Lee.  Reuters called Lee a mystery man.  When Aqua 1 bought it's World Liberty token they were for governance and not trading.  World Liberty indicated it would turn that token into a publicly tradeable "coin".  The Trump Pump could turn Dave Lee's investment into a windfall.  The Trumps made $500 million off World Liberty in the last year.

A new coin is tying the DOGE (dog) coin to World Liberty Financial.  It's going by DEGE.  It's market value rose from $3 million to most recently $69 million.  Making money out of thin air and cute graphics.  Ask Snoop Dog about that.

PEU Sponsored Epstein Case Laid to Rest

Trump II's "Just Us" Department revealed their final determination on Jeffrey Epstein.  This is posted on PEU Report as Epstein's main source of funds came from Apollo founder Leon Black's personal wealth.  The private equity underwriter (PEU) paid Epstein $170 million for tax advice.

It took a lot of NDAs to silence 1,000 victims.  

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one as proven by Trump II's Big PEUtiful Bill.

Apparently the U.S. does not care about little girls.  No prosecution of a single predator who shopped at Epstein's illicit underage sex parlor?  

How will Americans react?  Not well is my prediction.  We have every right to be angry.  The "Just Us" Department story is not credible on its face.

Update 7-8-25:  Anthony Scaramucci said the buttoning up of the Epstein case "does not smell right."

Multiple PEU Tax Breaks in Big PEUtiful Bill

A Bloomberg Radio interview regarding Trump II's tax doge for the super wealthy is worth the listen. 

Politico reported: 

The bill includes an expansion of a little-known break that Silicon Valley investors have used to nix tax bills on tens and even hundreds of millions of dollars in earnings from Internet startups

CNBC's Inside Wealth noted the impact of this venture capital tax dodge:

the new rules would allow an investor to put $74.9 million into a small business and have up to $749 million exempt from capital gains if it sold for more than 10 times the original basis.

That's a tax-free ten bagger.  Vice President J.D. Vance is former venture capitalist and junior TechGod.  Vance broke the tie in the Senate allowing the Big PEUtiful Bill to go back to the House.  The Narya Capital founder voted a giant tax break for his VC peers that could boomerang to his personal benefit.

It should be no surprise that private equity underwriters (PEU) also win.  EY advised in 2022:

For a private equity firm structured as a pass-through partnership, the "qualified small business stock" exclusion is available at the partner level rather than the partnership level. Thus, rather than the partnership being subject to one $10 million exclusion, each partner may avail themselves of their own $10 million exclusion. In order to benefit from Section 1202, however, in addition to the other requirements discussed below, each partner must have been a partner in the partnership on the date the QSBS was acquired and at all times through the date of sale, and the percentage that may be excluded cannot exceed the partner’s ownership percentage in the partnership at the time the stock was acquired.

Orrick Law Firm lays out the new rules.

President Trump signed into law the “One Big Beautiful Bill Act” that significantly expands the tax benefits available for qualified small business stock (QSBS). The expanded QSBS benefits apply to stock acquired after July 4, 2025

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  Government of the PEU/TechGod, by the PEU/TechGod and for the PEU/TechGod.  

How doth elected officials show their love to PEU?  Let me count the tax breaks.  Just include the highly unpopular ones.  

Trump Signs Big PEUtiful Bill

Trump II signed the Big PEUtiful Bill into law at a White House ceremony.  It was part of a big July 4th celebration.

Who needs a founding father or even a Holy Father, when you can have Daddy?

Trump usurps everything.  He surrounds it, embraces it, suffocates it and draws it into his ownership sphere, all for the sake of his glory and profit.  Much like a private equity underwriter (PEU).

The Big PEUtiful Bill leverages debt like private equity, a new $5 trillion.  Once again, the rich get richer:

millionaire earners will see an average after-tax income increase of $75,000 in 2026

So lets give a cheer for Trump's American Spirit - OLD, LOUD & GREEDY!

Land of Make Believe

Once upon a time financial barbarians schemed to take over the political system, endearing themselves to both the Red and Blue political parties through donations (direct and indirect via affiliates), lobbying and political action committees, as well as the lure of post public service employment as a private equity underwriter (PEU).  Legendary PEU founders became "policy making billionaires" and elected officials did their bidding in exchange for boat or balloon rides.

PEUs could be on all sides of a deal, debt and equity, while multiple affiliates could earn fees for their role in making the deal happen, as could the parent PEU.  Elected officials said this was good as there were "many arms of various lengths."

A wise man in the story observed private equity and characterized it as:

Everything is ours.  We do not lose.  We do not pay taxes. We create the prices.  We make and change the contracts.  We do not use our money.  We make the laws.

This broad widespread power is strange because many PEU firms have a history as bad actors.  The wise man asked:

Who knew free markets meant free passes to corrupt insiders?  Have you ever seen a system where the perpetrators of previous financial carnage and malfeasance are allowed to glide through to their next scheme with the regulatory runways foamed so they can light the fuse of a greater financial systemic bomb? 

The era of make believe did not descend on us in a day.  It's been in the making since PEUs were founded and grew in political power/influence.  The wise man paid attention.   

We have witnessed so much corrosive behavior, we think it's normal.  Once you accept a little corruption, like diehard Clinton fans, Obama fans, and George W. Bush fans, you let the Devil in the door. 

The next step is how many meals the Devil shows up for? Trump hosts a 24 hour "all Beelzebub can eat" carving station, set up buffet style. It's all the same, the only difference being what's in the DOGE bag. 

There is no pushback because everyone is in on the take. Private equity has shown us the way. Private equity puts up numbers you cannot see and verify, and Trump engages in the same with all "the deals" he announces and claims victory without details.

The Devil would be in the details but they are never shown by the PEU boys or their political supplicants.  Surprise provisions enter legislation and "no one knows" where they came from.  Thus, we are living in the Land of Make Believe.  

Politicians Red and Blue love PEU and their new TechGod brethren.   Increasingly more elected officials are PEUs, some in the past, while others have that as their future.

The Land of Make Believe has a PEUture.  For the rest of us, it remains to be seen, but early signs are "you are on your own" and there are no financial cops on the beat.

Update 7-8-25:  Axios reported the poor performance of PEU funds long in the tooth:

...fund performance peaks by Year 10, no matter the decile, and universally declines after Year 12. Rather than a J-curve, it's more like the number 5 resting on its hump

Insufferable TechGods Go Banking

Billionaire TechGods hope to open a digital only bank in Columbus, Ohio.  The group includes TechGod of War Palmer Luckey, TechGod of Spying Joe Lonsdale and Superior TechGod Peter Thiel.  

Erebor, the people-less digital bank, will fill the void left by the collapse of Silicon Valley Bank.  Really?  Regulators are going to approve a new bank for the person who took down the old?

If it had been Apple Valley bank with regular folk the normal FDIC max of $250,000 would have held.

Erebor will be a crypto focused bank and hold stablecoins, also known as "the pretty."  Thiel already has a Bitcoin Treasury gig with Anthony Pompliano's ProCap Financial.  

Erebor's name has interesting roots.

Straight from the Underworld of Dark TechGods, the live forever, tax hating variety.  These are the people benefiting from Trump II's Big Beautiful Shirk & Jerk.  They freely take from the Treasury, but hate to give.

Erebor is a churn play by Palmer Luckey who plans to employ 4,000 workers by 2035.  Those people need a bank.  Why not a captive one?

Trump's Big Beautiful Shirk & Jerk

To celebrate the passage of Trump's big beautiful shirk and jerk benefiting the billionaire class, the Trump Organization is releasing a truly one of a kind music masterpiece.  "There really has never been anything like this.  Not in the history of the world."

Donald Trump sings the Hits of the 80's New Wave era.  

Trump noted making the record brought back memories of the 80's palling around with Jeffery Epstein and his cadre of child sex victims.  

In his sales pitch Donald noted people can download the album on their new Trump Mobile T1 phone, possibly made in America or a country that rhymes with it, or a country that does not rhyme, in which case it would be Bust dat Rhyme.  The T1 comes with a White House number pre-loaded.  It's listed under "Daddy."

Trump expects big sales of both the phone and album on Amazon.  Please buy both items ASAP as Jeff Bezos has a monstrous wedding bill to pay.  

Trump noted that he did not touch Medicaid.  Congress did with a little help from the special executive department DOUGEBAG (Department of Ungodly Greedy Executives Biased Against Government). 

Just like he did with government operations, Trump is turning Medicaid over to the TechGods.  Good luck navigating the proof of work portal, guaranteed to give one cardiac arrest or, if kicked off enough times, a major stroke.  

Which leads us back to the Big Beautiful Shirk & Jerk, benefitting billionaire private equity underwriters (PEU) and their new TechGod brethren.

TechGods are coming after your language and cognitive skills.  Just in case they're already having an impact, the Trump sings the 80's is a joke, DOUGEBAG is a takeoff on DOGE, but pretty much the rest is accurate.

Update 7-3-25:  The House passed the BBS&J, so Trump II can now celebrate by singing "I'll Melt the World to Stomp on You."  The bill accelerates Social Security and Medicare insolvency to 2032.

Insider Money Funnel on Hyperdrive

DOUGEBAG could not find hundreds of thousands in wasteful spending, specifically $600,000 for golf carts and $80,000 for portable toilets (as it would not be right for nonmember Secret Service agents to use club facilities.)

The insider money funnel continues pumping huge sums to government officials with full time jobs like Governor Kristi Noem who got $80,000 for fundraising.  Noem did not declare this money when she became Homeland Security Chief.

Former Congressman Matt Gaetz has been offered a home run payment of $2 million for a major deliverable, one requiring Gaetz use all his connections to Trump II, the digital Caligula.

So while the Red Team was circulating serious green a citizen in Miami was rounded up by police and thrown out of a meeting.  Their offense?  The expectation that a question would be answered.

That citizen failed to show up with green fuel for the insider money funnel.  No acknowledgement of you...no answers as you are not really there.

Update 7-6-25:  Variety reported that actor Michael Douglas said the following:

Politics now seem to be for profit. Money has entered democracy as a profit center. People are going into politics now to make money. We maintained an ideal, an idealism in the U.S., which does not exist now.”

New Party Time in the Schism

The dynamic duo of Pablum and Doink has deteriorated to the point that one must go.  The two billionaires paired orbits to get Pablum elected and Doink the opportunity to impart his mark on government via DOUGEBAG (Department of Ungodly Greedy Executives Biased Against Government).

DOUGEBAG employed the private equity underwriter (PEU) playbook.  That includes substituting people for crappy, incapable and unreliable technology.

Their two massive egos eventually repelled one another.  Pablum created his own new universe which takes common words in use for centuries and brands them as new on his social media site.  I expect he'll eventually put them all in a book and sell it, Creations by Pablum:  Usurped from Webster.

Doink returned to his six five companies and his six five part-time CEO jobs.  A former business partner said this of the fractured relationship between Trump and Musk:

“Knowing Elon the way I know him, I do think he’s going to do everything to damage the president.”

That appears to be underway.  Pablum is known for punching back harder, so this could quickly get out of hand.  How long before the two go supernova?  Beware the blast radius.

Update 7-2-25:  Jesse wrote:

I have trouble finding reliable sources of information these days. 

 And when it comes to making careless, clickbait statements of speculation, excess is considered the rule. 

 This is the age of puffery. And the cheeto-bandito is the puffiest.

And I thought Pablum nailed Trump II, the digital Caligula.  Add Puff Daddy Cheeto-Bandito to the list.