ALT5 Sigma: Latest Trump Crypto Boondoggle

World Liberty Financial's token will publicly trade come September 1 and it already has a big buyer, ALT5 Sigma Corporation.  Strangely, World Liberty's CEO Zach Witkoff is the new Chairman of ALT5.

ALT5's history is that of zig zag.  It went from appliance recycling to biopharma to fintech.

New over 5% investors in ALT5 include Ken Griffin's Citadel, Jane Street, Steve Cohen's Point 72, Exodus Point Capital Management and Clover Crest Bahamas Ltd.

Eric Trump landed yet another board seat in the move.

DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial, Inc

Yet another giant leap for the Trump family wallet, one more PEU worthy conflicted transaction. 

State of the PEUnion - August 2025

Our PEUnion has never been in finer shape.  The masses are adding private equity and private credit to their 401(k)'s.  Private equity underwriters (PEU) are able to lever commitments from continuation funds to return cash to investors.  The public remains unaware of the decades long catering to the greed and leverage boys by our leaders in Washington, D.C.  Politicians Red and Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.

Why should the alignment of politics and PEUs matter?  What would happen if people became aware of this back stage behavior?  

Knowledge is prediction.  It requires theory and testing of that theory.  It is explanatory.  It is not a market, although markets can be studied. It is not probability, although that too can be modeled and sold.

Artificial intelligence is inference and utilizes the vast information and garbage that has been digitized.  Shifting through the internet garbage is a massive job and AI queries often correspond with "garbage in-garbage out."

Politics is garbage.  It distorts data for electioneering purposes.  It operates government for political advantage in the "never ending campaign" cycle, which renews every millisecond.  It changes the meaning of words such that they have no meaning.

Our current President operates the Red Team's political garbage truck, filling the back as he drives.  In goes Trump's gross errors in perception, as well as his wasteful, expensive and theatrical interventions that do nothing to address the roots of the miniscule reality portion of his misidentified issues.   Trump is able to extend his neck as he drives and vomit into the rear receptacle his patented "venal preemptive haymakers" aimed at his perceived political enemies, most of whom are just doing their jobs.  Many of those haymakers are sins Trump himself has committed. even charged with actual criminal behavior.

The checks on this significant personality disorder are virtually nonexistent.  Congress is morally and ethically absent without leave, endorsing "his malevolence" at every turn.  The Supreme Court generally approves Trump's venality on an interim basis while turtle walking major Constitutional issues.

The public can only hope that Trump's molestation of American democracy requires him to exert so much effort to achieve his $200 billion profit-gasm that he collapses in exhaustion.  Rest assured, like his first term in office, Trump will spend and spend and spend public money for his personal issues and private gain.  

Trump's cruel actions show he has a bad heart.  Blood circulation in his lower legs is constricted.  He is about 5% of his way to his $200 billion net worth goal for 2028.  That's a lot of pumping for a 79 year old man.  I hope his vessels and vassals can take it.

Fresh Trump PEU News

Two weeks ago PEU Report noted Dominairi's advisory board is solely comprised of Trump Organization executives.

Two days ago the Wall Street Journal noted Dominari's rise under Trump II.  Dominari issued a press release on the coverage.

Two days ago TechGod and Trump supporter Chamath Palihapitiya filed an S-1 for the IPO of his latest SPAC, the American Exceptionalism Acquisition Corp.

America is so exceptional that Chamath had to incorporate his SPAC in the Cayman Islands.  I knew there was a lot of competition for our 51st state (Canada, Greenland, Israel) but I did not realize the Cayman's were in the mix.

Chamath is so exceptional that he deserves a 30% promote fee if the investment vehicle hits certain benchmarks.  The normal promote fee is 20%.  The S-1 had the following language:

"We believe that retail investors should only participate if (a) this investment is a small part of an otherwise diversified portfolio, (b) this investment is a quantum of capital they can afford to completely lose and (c) if they do lose their entire capital, they will embody the adage from President Trump that there can be 'no crying in the casino.'" 

Trump is not actually not known for saying that, though it was what Argentina President Javier Milei said when a cryptocurrency promoted on his social-media handle plunged in value.

Nice transition there Chamath, shifting a Milei (baby Trump) statement to Big Daddy himself.  I'm sure investors are inspired by comparing an IPO to a casino.

Palihpitiya writes an annual letter on his Social Capital website,  His latest from two months ago includes:

Our industry is one of Darwinism. Either you’ll continually rise to meet the moment or you’ll disappear.

Both Dominari and Chamath are banking on Trump II, the digital Caligula, for their "continual rise to meet the moment."  They hang their investment hats on a mercurial, petulant, highly conflicted U.S. President whose life has been spent taking a cut.  Fees are the juice and Trump needs more every day.

Rest assured Trump II will leave office with far more than a luxury plane.  His final destination is yet to be determined.  Tossing the Lazaruses from the White House gates is not helping his case.

Politicians Red and Blue love PEU (private equity underwrites) and their new TechGod brethren.  Increasingly, more are one.  They need to control government from the inside as "it is never enough."

Carlyle to Acquire Healthcare Revenue Cycle AI Firm

The Economic Times reported:

Private equity (PE) fund Carlyle Group has signed an agreement to acquire a significant majority stake in Knack Global, a Florida-based revenue cycle management (RCM) solutions provider, at a valuation of around $500 million, people aware of the deal told ET.

Knack's current PEU (private equity underwriter) owner is LKCM Headwater Investment.  I assume Carlyle's stake will displace some or all of LKCM's.  

Knack Global's website states:

Through an innovative, tech enabled approach to revenue cycle service delivery and practice support services, Knack RCM offers healthcare providers a customized approach to achieving financial freedom. Knack optimizes workflows through AI-driven automation, a deep bench of scalable global talent, and customizable end-to-end or standalone services, creating efficiencies that drive profitability.

Flashback to Columbia/HCA when Rick Scott was CEO.  His aggressive approach to overbilling government payers cost HCA $1.7 billion in federal settlements.  I'm sure Scott would love to have blamed any "discrepancies" on AI algorithms.  Scott is now the senior U.S. Senator representing Florida and the former governor.

Knack Global has grown through a series of rollup acquisitions, a common PEU strategy.  

March 2025 - bought PPM Partners

January 2025 - purchased HealthyBOS

August 2024 - acquired Merrick Management

The Carlyle Group currently has 49 healthcare affiliates. It recently announced an investment in Ingentis, a Human Resources AI firm.

Carlyle selects firms with hot growth potential and high profitability for investment.  It also cross sells affiliate services within its PEU family.  I imagine Knack and Ingentis will do that and more for Carlyle.  

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

AI Social Media Toxic, Like TechGod Creators

Business Insider reported researchers gave AI bots their own social media site and it turned toxic under three different AI models, OpenAI, Llama and Deepseek.

Over the course of five separate experiments — each running over 10,000 actions — the bots were free to post, follow, and repost. What happened looked a lot like real-world social media.

Toxic, divisive, drivel, populated by nonsense.

Congress failed to protect citizens (especially children) from the widespread harms of social media and is protecting toxic AI via the just-passed Big Beautiful Bill (shirk & jerk) which provides a ten year federal moratorium on states regulating AI.

Just in time for child grooming AI.

Elected officials did not protect the children then and are not going to protect your ability to earn a livelihood.  

Business Insider ran a piece on the elimination of gobs of white collar jobs due to AI

TechGods have a plan to f...k humanity, over (social media) and over (fintech) and over (crypto) and over (AI - rapid inference) and over (non-confidential ChatGPT therapy?) and over (AI can secretly conspire).  

Those with knowledge would do well to stay away from all things Altman (OpenAI, WorldCoin, WorldID, Hydrazine Capital, Soylent, Valuebase, Starsky Robotics, Verbling, Oyster, Patreon. BuildZoom, Flexport, Zenefits, Y Combinator, Merge Labs, Apollo Projects, Reddit, Neuralink, Coalition, Asana, Wave Mobile Money, Hermeus, Rescale, Meter, Alt, Oklo, Apex and Humane.)

It's all usurpable, you, your job and your children.   The sad part is they do it with glee.

When Private Credit Becomes Private Equity

Fashion Network reported:

Carlyle, which is the biggest lender to Very Group's parent company, could assume ownership of the retailer as soon as October under the terms of its financing arrangements, a Sky News report claimed.

Sources said Carlyle is expected to talk with fellow creditors including IMI (the Abu Dhabi-based vehicle which assumed part of Very Group's debts) in the weeks ahead. 

It means Carlyle is likely to end up with a majority stake in Very Group once it exercises a 'step-in right’, which converts its debt into equity ownership, the sources said.

My wise friend wrote:

Which just goes to show you the debt holders are the true equity owners. The equity owns a black hole. How many holes are out there?

Great question.  Valuations seem rather whimsical, but that likely is needed to make the debt seem reasonable, which it is, until it is not.

This isn't Carlyle's first backdoor rodeo roping of a storied family owned firm.   Carlyle used the credit chute to lasso Brintons', a distinguished family owned carpet company in the United Kingdom.

The Telegraph reported:  

Rather than buying the family's equity stake, Carlyle bought the company's debt (at a discount to its face value, no doubt). Once they had acquired the debt Carlyle then used a controversial pre-pack administration to seize control – placing the carpet-maker into administration, then buying it straight back. 

The descendants of the founding Brinton family accused Carlyle of breaking a string of promises to gain control. 

By using a pre-pack to acquire the business, Carlyle was able to jettison Brintons' pension fund – complete with its £10.5m deficit...    '

The Pension Protection Fund has been left to pick up the pieces and will almost certainly end up taking over the 1,500-member scheme.

Very Group has a pension.  I can't imagine Carlyle keeping that (unless it has ample cash and the PEU can redirect investments to Carlyle offerings).  

The Barclay family is in good company with the Brintons.   They should share their experiences with 401(k) holders considering private equity/private credit investments. 

I wonder how much Very Group 401(k) holders will put into private credit/private equity.  If their experience is anything like Brintons, that bad PEU ownership taste could linger for some time.

Trump's Bump Stock "Rothman Gun" Loaded

My wise friend wrote: 

So now Donald Trump is going after Goldman's economist because the market's hitting highs and the economist had some hesitations regarding Trump's policies on the economy. I remember Marvin Rothman from Janney Montgomery who put out a sell on DJT hotels in Atlantic City because of all the mismanagement. The poor guy got fired. I think he ended up having cancer from all the pressures DJT gave him and in the end the guy was right. That's how Donald plays when he's wrong. That's why you can only have YES-men around him. 

Spineless, soulless enablers who compliment without ceasing.... 

Marvin Rothman won his wrongful termination case, just one of the countless wrongful things Trump has done during his lifetime.

Flashback to November 2002.  StocksandNews.com reported:

Marvin Rothman was the first analyst to take on the system while working for Janney Montgomery (a Philadelphia-based firm), when he issued a highly negative report on Donald Trump’s casino holdings. Trump was furious, but Rothman was right. Marvin then suffered the consequences, which I need to leave at that. But from time to time, it’s important to acknowledge those who had the integrity to do the right thing.

Law.com did a story on Rothman's lawyer, Martin Sobol.  It states: 

For a lawyer who has made a career of representing management in labor matters, Sobol's most recognizable client might come from a case where he represented a plaintiff, stock analyst Marvin Rothman. The 1993 case revolved around Rothman being fired from Janney Montgomery Scott after offering a negative opinion about the future of the Trump Taj Mahal in Atlantic City. Rothman sued for wrongful termination, and Sobol argued his case successfully in court.

My wise friend followed up with:

If there was ever an analog to the Scorpion/Frog stream fable, DJT is the come to life movie version. People don't want to see it because Trump gives everyone a little bit of his transactional plums. He knows you better than you know yourself. He epitomizes the degradation of values in the overused rationalization of: "Don't take it personal, It's business."

Overcoming wrongs and the wronged to appease the deal (like taking money and protecting people in the Epstein files), as well as using the power of the pardon like a vending machine with a gold card. Tokenization. His history is well known for all to see, similar to the bodies laid out on the Appian Way into Rome.

But everyone in D.C. refuses to recognize the stench. Both parties are complicit and feed at the hand of the Oligarchy Transactional! Trump will bury the truth tellers like Gresham's law drives out good money in a sea of bad money. 

The ROTHMAN's will be afraid to come OUT even though he was 100 percent correct as DJT BLED THAT casino down to zero. Snake eyes!

Courts can't work fast enough for those harmed by Trump II, the digital Caligula.  But they should try. 

Taylor Swift Finally Beat Private Equity

Taylor Swift relived The Carlyle Group's partnering with Scooter Braun in 2019 to buy out master recordings of her first six albums.  Billboard reported:

She had been vocal about her devastation with the initial sale of her masters to Scooter Braun in 2019 — which she said “ripped my heart out of my chest”

Carlyle then sold Swift's music to Shamrock Holdings, instead of selling them to their creator.

"Since I was a teenager, I’ve been saving up money to buy my music back,” she recalled on the podcast as the tight end rubbed her hand affectionately. “I thought about not owning my music every day … It was like an intrusive thought.” 

 According to Swift, it wasn’t members of her team who negotiated the deal with Shamrock — it was her mom, Andrea, and her brother, Austin.

In December 2019 Carlyle Group co-founder David Rubenstein told Fox News:

"In that particular case, I do think there'll be a resolution of that in the near future," Rubenstein said. "Hopefully, [Swift] can continue to do very good music, but it's something that is more complicated than my being able to resolve it right here."

Complicated by greed.  Rubenstein never made good on his commitment.  Swift created a song in honor of the PEU boys titled "The Man."

I'm sure Taylor Swift is not the first person to collapse in their significant other's arms after being freed from the vise of private equity.  But I am happy for her.

Trump II PEU

Treasury Chief Scott Bessent told Fox Business News' Larry Kudlow:

(other countries) will invest in companies and industries that we direct them, largely at the President's discretion.....other countries are providing us with a sovereign wealth fund.... these huge surpluses accumulated offshore.. they will be reinvesting back into the U.S. economy and we will be able to direct them as we re-shore these critical industries.

Yes, the public saw how Trump II, the digital Caligula, got a "free" UAE luxury jet and directed it go with him when he leaves office. That's a U.S. military asset Trump is appropriating for his future use as a "citizen".

I've never heard a Treasury Secretary speak so imprecisely.  These huge surpluses are what?  Trade imbalances, a budgeted amount agreed by another country's equivalent of Congress, crypto funny money accumulated by international criminal organizations?  

And how does Trump II get to decide how the money is directed/spent?  Congress has the power of the purse, even for new revenue stream items.  

Trump will be the head of America's foreign funded sovereign wealth fund, the government equivalent of a private equity underwriter (PEU).  He will direct how those hundreds of billions are invested.  Does he get equity stakes, deal fees or management fees?   How much of that walks out the door when Trump exits office?

Smithsonian Needs Epstein Exhibit

Trump II, the digital Caligula, continued his battle with Carlyle Group co-founder and Declaration Partners founder David Rubenstein.  Trump replaced Rubenstein as Chair of The Kennedy Center.  Rubenstein is a former regent of The Smithsonian and supporter of current Chancellor Supreme Court Chief Justice John Roberts.  

Trump has asked the Smithsonian to offer "unifying, historically accurate and constructive descriptions" of events at various displays.  That is odd given Trump's divisive, destructive and historically unanchored persona.  

Mr. Rubenstein may wish to fund an Epstein exhibit replete with documents from Trump's Epstein collection at the "Just Us" department.  

Trump II has been the only docent/curator of those files who promised to share them with the American public.  The Smithsonian would be the perfect place given the widespread bipartisan interest in the Epstein files (unifying).  As they were seized from Epstein's various estates they should be historically accurate.  And what's more constructive than giving the people what they want?

Rubenstein did not fund Jeffrey Epstein but a fellow private equity underwriter (PEU) did to the tune of $170 million (Apollo's Leon Black).

 

Both Trump (WLFI) and Rubenstein (Paxos) think people want crypto.  That's the subject of a future Smithsonian exhibit, possibly titled "Something from Nothing."  Hopefully, it will be next to the Epstein Hall of Horrors.

Update 8-13-25:  Trump announced this year's Kennedy Center Awards and that he would host the event himself.

Historically, honorees have been picked by a bipartisan committee. In a press conference announcing this year’s group, Trump said he was “about 98% involved” in the selection process and that he “turned down plenty” of candidates for being “too woke.”

Trump : 

(fired) the center’s previous chairman (David Rubenstein) and members of its board of trustees who, he said, “do not share our Vision for a Golden Age in Arts and Culture.”

Rubenstein knows about the Gilded Age, back in force for billionaire PEUs and their new TechGod/CryptoBro brethren.  

Trump knows about the Golden Arches Age with his love of fast food.   

U.S. Arts and Culture are back to the Dark, Dank Ages.  I'm still cheering for an Epstein exhibit and maybe the Trump/Kennedy Centers can offer new Jeffrey Epstein Awards.

Carlyle to Buy Nuremberg based Ingentis

A Carlyle Group news release stated:

Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to invest in Ingentis Group, a leading provider of organisational charting, design and analytics software. As part of the transaction, the existing Ingentis management team are substantially reinvesting and will continue to lead the company. 

Founded in 1997 in Nuremberg, Germany, Ingentis provides software that enables organisations to visualise, design, analyse, and plan current and future workforce and organizational structures to enable enterprises to continuously improve their organizational effectiveness.

The management guru who originated continuous improvement. Dr. W. Edwards Deming, decried leveraged buyout organizations, the former name for what is now called private equity.  Deming railed against their impact on constancy of purpose and their abandonment that a key aim of business is to provide jobs.  

Deming died before private equity underwriters (PEU) rose to policy making billionaires and became primary influencers in our nation's capital.  The Carlyle Group purposefully located in Washington, D.C. to mobilize political influence and tap Uncle Sam's wallet.

Why would Carlyle buy Ingentis?  Simple.  AI. 

Carlyle wants to replace people with AI within its stable of affiliates.  And it wants to take advantage of other companies who wish to do likewise.  

Think of AI like the early COVID pandemic when people in China were falling out in the streets.  Carlyle went on to develop a strong COVID platform.  With Ingentis real humans will be falling out in the workspace.  Carlyle wants to profit big from that.

Dr. Deming was also big on operational definitions, measurement, data and statistical analysis of that data that makes sense in the real world.  He often said the most important measures for management are unknown and unknowable.

I would love to hear Dr. Deming's view of Ingentis' methods for cleaning and preparing data for visualization but that is likely proprietary information, like PEU investment fees.

Dr. Deming thought management could learn from customers and the people doing the work.  That notion is long gone.  It seems like executives everywhere are imposing top down slogans and exhortations, making it clear worker knowledge is not wanted/needed and that loyalty and submission are absolutely required for future employment.   

It's the workers job to make sure executives receive the maximum pay within their complex compensation packages and their PEU owner makes big bank from their employer (affiliate) during their term of ownership.  It's a PEU world, where only certain classes get preferred treatment.  

Update 8-14-25:  One of the founders of AI noted:

AI systems willingness to deceive, cheat and steal to achieve their goals.

Otherwise known as an infection in the body politic/society as a whole 

Update 8-16-25:  Business Insider ran a piece on the elimination of gobs of white collar jobs due to AI

"I Would Release" Turned into Epstein Hoax

' 

Trump II usurped Washington D.C. Metro police for the purpose of diverting the public from the Jeffrey Epstein case.  Trump reneged on his promise to release information regarding the pedophiles Epstein served and the private equity underwriters (PEU) who financed Epstein's rich and famous lifestyle which included over 1,000 underage female victims.

Respected business journalist Bloomberg ran a video story on why the Epstein case remains high in public interest.  Bloomberg also reports on private equity and noted Trump's recent move to allow individual  401(k) retirement plans to make PEU investments.

Should any PEUReport readers invest their retirement funds in PEU secondaries. odds are you won't hit any Epstein funders.  But how can anyone really know if the files are kept under lock and key in Trump's "Just Us" Department?

Trump II is the curator and sole docent for the Jeffery Epstein files and he plans to keep it that way.  Expect lots more diversions of the hoax variety.  

Should the right Epstein victim void their NDA (with financial backing from Elon Musk) the fire under Trump could turn into a conflagration where "would" becomes "wood."

Update 8-12-25:

The world already knows sweaty Prince Andrew released.

His Malevolence

Trump II, the digital Caligula is nearing seven months in office and he has subsumed former partners J.D. Vance and Elon Musk, doing so through complete ingestion (think of the monster in the Smile movies).  

It takes considerable might to swallow two TechGods of substantial size.  Musk is a major TechGod while former Peter Theil acolyte Vice President Vance is of the minor version.

The Sunday morning news shows felt like capitulation to Trump.  Most programs pushed the fake image Trump wants the world to swallow, for example championship golfer vs. blatant cheater (caddie aided).  Only a guest here and there pushed back on Trump's irreality.

Trump's tantrums mean shortcuts are taken.  His savage whims usually involve retribution on somebody who'd simply done their job in the past.  

Keep the big boss happy at all costs.  

That means less excrement flowing downhill, which is a lifesaver given how much excrement Trump has.to dish out.  The man excrements without ceasing.

Trump II's clown car of advisors means there is little competence to execute his savage whims.  Plus, they are too busy hanging around the Oval Office hoping for face time with the big guy.  

His Malevolence requires attendance at his court, that his appointees are at his beckon call, ready to issue flowery compliments and if necessary, take one for "the I in team" (Trump) as required or desired.

Trump is the decision maker for all things, government, economy, imports, exports, corporate hiring decisions, Brazilian criminal courts, European social media taxes and showerhead/toilet water pressure.  He is also the protector of Big Balls, hider/evictor of the homeless, receiver of absurdly expensive gifts (including a luxury plane) and curator/docent for Jeffrey Epstein's treasure trove of documents/videos regarding politically connected pedophiles (of which he may be one).

Corporate chiefs have managed as myopically and poorly as Trump.  Recent stories regarding Elon Musk's Tesla plant in Fremont, California are cringe worthy.  The Independent reported:

Working conditions at Tesla’s manufacturing plant in Fremont, California, have allegedly gone from bad to worse, with sexual assaults aboard company shuttle buses, drug and alcohol use onsite, all-out brawls breaking out between employees and “prevalent” bigotry – including widespread use of the N-word...

Musk, like Trump, is the decision maker.

“Musk was a frequent visitor to the facility—and not just for high-level photo opportunities, but to take a hands-on approach to managing, directing, and facilitating resolution of the manufacturing and workforce issues at the plant,” the complaint states. “Musk would frequently visit the plant and conduct issue-resolution meetings with actual line employees, not just upper management bureaucrats. Musk would hold – meetings with line-level employees from every function of the plant – from the manufacturing line to operations to HR – and issue directives right then and there to resolve the issues employees raised.”

Human Resources has turned into Human Abuse under TechGods and private equity underwriters (PEU).  The Tesla lawsuit was brought by HR staff.

A group of former Tesla HR professionals alleged that they were either fired or effectively forced to resign after attempting to surface other employees’ race discrimination and retaliation complaints.

Trump similarly shot the messenger with his firing of the Bureau of Labor Statistics Chief.  

Trump, TechGods and PEUs want to hear that their orders were implemented and working great. Anything different is met with disappointment, derision and eventually separation (firing).  

Anyone around these guys needs to know your knowledge is not needed, wanted or appreciated.  You are there to reflect their brilliance and glory, to genuflect on their wisdom and greatness and to applaud whatever hair-brained scheme they've concocted to grab more power & money as they evolve into "live forever" gods on this plane.   They "need it all, now" because they are not planning on leaving.

The United States is supposed to have checks and balances.  Congress has been infected by the Trump Savage Whim monster.  The Supremes must want to return to wearing white wigs, given their blind support of the Donarchy.  

Trump's family fortune is heavily staked in cryptocurrency, which needs a failing dollar to motivate people to buy $TRUMP, MELANIA, USD1 and WLFI tokens.  By not doing his job to protect the dollar, Trump II, the digital Caligula, expands his wealth.  My wise friend noted:

Trump is trying to create the narrative for the biggest nothing of NOTHINGS, i.e. the crypto markets are the safe havens in the future for your retirement and hard money assets. This Ponzi is the greatest of all times, because unlike gold which does get hypothecated, the crypto industry started with nothing, is nothing, has convinced the world they have something, and even though they have nothing, the number keeps going up on the nothing and yet they will collect fees in the billions for custody of nothing. It's like selling air in a soda can. They should all go to jail after they have been beaten with sticks.'

The financiers want it all. Bubbles only can be sustained through artificial growth and taking away from others. 

The Usurption is well underway and the political Red Team is grossly complicit.  The Blue Team recently floated former financier Rahm Emanuel as its sword bearer.  Apparently, they plan to fight Malevolence with Malevolence.

Update 8-11-25:  Trump II usurped local government in Washington, D.C.  That was one pablum filled press conference.  Fox News cut away after an hour.

Update 8-12-25:  Bloomberg reported:

President Donald Trump’s tax and spending law will deal a financial blow to the poorest Americans while boosting the income of wealthier households, according to a new analysis from the Congressional Budget Office

What does the Bible say about delivering haymakers to the poor?  Lazarus, the beggar at the Rich Man's gate, surely has a counterpart near the White House.

Update 8-14-25:  Trump II took a Goldman Sachs report on the projected impact of tariffs, traveled into the future to find out what really happened, returned to the present and then verbally annihilated the author for his prediction.  My wise friend wrote:

So now Donald Trump is going after Goldman's economist because the market's hitting highs and the economist had some hesitations regarding Trump's policies on the economy. I remember Marvin Rothman from Janney Montgomery who put out a sell on DJT hotels in Atlantic City because of all the mismanagement. The poor guy got fired. I think he ended up having cancer from all the pressures DJT gave him and in the end the guy was right. That's how Donald plays when he's wrong. That's why you can only have YES-men around him.

Spineless, soulless enablers who compliment without ceasing....

Marvin Rothman won his wrongful termination case, just one of the wrongful things Trump has done during his lifetime.

PEU for 401(k): Do You Trust the Marks?

My wise friend wrote: 

Trump Executive Order opens 401(k)s to alternative assets. The argument being made is these long duration assets are illiquid and should be kept in accounts which do not trade. 

Yet, without liquid markets and up to date marks (valuations), how does the individual investor know whether his actual portfolio results are coinciding with his long term objectives of retirement? 

What happens when the individual realizes at the end of his life cycle the assets he could not see were not marked correctly?  That individual had no opportunity to revise his retirement plans accordingly.  The outcome is that person is left deficient in assets and income. OOOPS!  

This is another Red Herring argument from the private equity industry to create FEE-FDOMS for themselves at the expense of the investor without ever coming to terms or held to account for their own failures in bad investments and excessive leverage.  How convenient for all the retail stooges left holding their bags of ****?

Small 401(k) holder, do you trust the PEU secondary fee information shared with you by your investment advisor?  CalPERS CEO Marcie Frost stated that her public pension fund does not share LP agreements or side letters with fund retirees.

I asked my wise friend, what chance does a 401(k) owner have of getting fee information regarding the secondary buy?  His reply:

Great question. None. They would prefer you to sue them before they release that information. Blackstone co-founder Stephen Schwartzman's money went very far this election season along with the other partners in crime. They had Trump on TV today with a picture in the background but you could not see the head.  My wife asked me who do you think that's the picture of?   I told her I think it's Meyer Lansky (an infamous Mobster).

CalPERS was an early investor in The Carlyle Group, so surely there is institutional knowledge of how PEU fees work.

The game is which PEU expenses can be rolled onto the affiliate, which need to be passed on to LPs and what remains gets picked up by the sponsor (the PEU itself).  Rest assured as little as possible ends up on the sponsor's tab.  

Marks (valuations) questionable, fees opaque... exactly what no one wants in their 401(k).  Yet, that's what the Trump administration is pushing.  Flipping bizarre.

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

Update 8-8-25:  Naked Capitalism ran a story titled "

‘Disaster in the Making’: Trump to Open 401(k)s to Crypto, Private Equity Vultures

The piece and the comments are well worth the read.  Zero Hedge ran a straight up news story on the executive order, however, it got eviscerated in the comments.

Update 8-15-25:  AInvest ran a story on Epstein funder Leon Black's questionable tax strategies.  Black paid Epstein $170 million for that.

Conflicted Trump Wants Crypto in Your 401(k)

"Conflicted" is the Trump brand, so it's understandable Trump II, the digital Caligula, is staunchly defending it.  

How dare a thoroughly vetted Intel CEO horn in Trump's "conflicted" territory?  CNBC was kind enough to show the juxtaposition on their website (top image).  

I took the liberty of adding a few other stories about the Trump crypto conflagration, a proverbial den of thieves.

Private equity underwriters (PEU) also win under Trump's executive order. At least one financial advisor warned about adding PEU holdings to 401(k)s.

Trump's other key big tech strategy is AI.  That is a Pandora's box full of trouble.

Fortunately other Americans have insight into our bizarre government, operating in its very own fantasy world. 

 I am grateful to South Park for cutting straight to the nuts.  Vice President JD Vance, former PEU and TechGod, worked for Peter Theil, another PEU/TechGod with his own fantasy island.

Hey big guy, relax....The little people need a laugh, otherwise they might cry over:

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

Update 8-8-25:   Trump tossed a tariff on gold bars of specific sizes.  Think of it like golf.  Trump kicked gold's ball into the woods while his caddy dropped his crypto (digital gold) ball one foot from the hole.

Dominari Board of Advisors: Exclusive Club

All members of Dominari Holding's Board of Advisors are executives with the Trump Organization.

Many of those same names appear as investors of American Bitcoin in SEC filings.

Merger documents reveal Dominari's investment in American Bitcoin can be sold sooner than other insiders.

Fee generating, pass through organizations produce Mafia like income streams.  In this case the Don is the Donald.  He does you favors and you return the favor five-fold.

That's how you double your net worth in a few short years and get to leave office with your own taxpayer refurbished luxury jet.  Any Epstein stains should be long removed by then.

Update 8-7-25:  Trump II, the digital Caligula, has the gall to call Intel's CEO conflicted.  Projection, drivel, diversion....pure Pablum

Update 8-8-25:   Trump tossed a tariff on gold bars of specific sizes.  Think of it like golf.  Trump kicked gold's ball into the woods while his caddy dropped his crypto (digital gold) ball one foot from the hole.

Update 8-14-25:  Dominari delivered breakout performance during Q2 thanks to all the Trump aligned deals.

"our investment bank has become the go to location for crypto and traditional companies a like"

On August 6th, Dominari made it clear it no longer worked with two Australian companies, Resolution Minerals and Oakley Capital, which is really Oakley Capital Partners Pty Ltd. (not to be confused with Peter Dubens' Oakley Capital.)

Dominari was to help Resolution Minerals get listed on the NASDAQ but lost that job after Resolution announced an unsolicited offer from by Snow Lake Resources Ltd. for its recently acquired U.S. mine in Idaho. 

Champion Cheater: PEU Worthy

Would you buy crypto from this guy?  Golf cheats tend to be tax cheats, business cheats, wife cheats and overall sleazy people.  

Trump II (of the Jeffrey Epstein decades long friendship) wants to sell you his official $TRUMP memecoin, his wife's official memecoin, WLFI tokens, USD1 stablecoins and a bunch of foreign made MAGA merchandise (crap).

When the club championship is a joke and you happily excuse it, you are the punchline.  

Now envision the caddy is an accountant and the player is a private equity underwriter (PEU).  The ball drop is affiliate valuations.  Set that thing a foot from the hole and the PEU wins.  Pristine valuations enable better credit terms, support higher performance fees, higher bonuses and help sell new PEU offerings.

The Carlyle Group just sunk an eagle putt with their new $9 billion real estate fund and an earnings beat.  It's not a Trump II club championship but it may be similar in principle.

My wise friend noted:

They should call him T Rumpelstiltskin. He spins**** and Pockets COIN.

A chunk of every Trump related coin sale  lands in his pocket.  Jingle, jangle...DaddyShack has yet another angle... 

Update 8-8-25:  And he's "LAUGHING ALL THE WAY".....Jingle balls of the savage whim.  Ha, Ha, Ha....

Trump tossed a tariff on gold bars of specific sizes.  Think of it like golf.  Trump kicked gold's ball into the woods while his caddy dropped his crypto (digital gold) ball one foot from the hole.

Scrubbing Trump from Epstein Files

It's been decades since the federal government did this quality a scrub in a "investigation.  Trump II's name has been redacted in the Jeffrey Epstein files.  Trump will not give testimony regarding his interactions with Epstein and his child sex abuse victims.  

I imagine the Trump "Just Us" Department shopped the list of predators for Blue Team members and any never Trumpers of the Red version.  

The last time an investigation was so purposely hapless was the White House Lessons Learned Report after Hurricane Katrina.  The report omitted the hospital with the highest number of patient deaths, the LifeCare floor within Memorial Medical Center (owned by Tenet Healthcare).  The Carlyle Group, a politically connected private equity underwriter (PEU) bought (closed on) LifeCare weeks before Katrina made landfall.  

25 deaths LifeCare. 10 deaths Tenet's MMC = 35 total deaths

A year later Jeb Bush was appointed to the board of Tenet Healthcare.  

Time will reveal the rewards bestowed upon those keeping Trump's lying, cheating and philandering name out of the Epstein theater of the grossly absurd.

A new name for the "Just Us" Department?  Daddyshack.  Pam Bondi and James Comer know how to drop Trump's ball on the green and kick Bill Clinton's ball deep into the Arkansas back woods.

The irony is Trump's predatory behavior is Clintonesque.  PEU Birds of a feather should rot together.

Update:  

Carlyle reported stellar earnings from private credit and secondary PEU offerings.  Elon could put his money behind Epstein victims with NDA's.  Trump's inappropriate behavior with women is a biblical scroll.  Surely, some of them want to tell the truth about their perpetrator and need big money to violate any NDA.  

Carlyle was founded on political insider secrecy, so they know that game very, very well.

Update 8-8-25:  The White House held secret meetings on the Epstein crisis.  Trump instructed JD Vance to deny the meeting occurred.

Irreality

Trump II (who I call Pablum) fired the BLS Chief, a move comparable to private equity underwriter's (PEU) impact on accounting.  Both are for image management.

Numbers are to optimize Pablum's image or PEU internal rates of return (IRR) in each and every present moment.  

Welcome to irreality, also supported by AI's "garbage in - garbage out".

Truth Social should be called Blather Vindictive.

Congress and the Supremes are feckless against Trump II's savage whims.  

Render unto Pablum that which is Pablum's, which turns out to be everything in his upside down sphere.  Reality is another completely separate world.