Trump II, the digital Caligula, continues steering the U.S. economy away from first world status. He took a page from the Argentina playbook with his firing the BLS Chief for supplying numbers that did not support his greatness. Bloomberg interviewed a gentleman several months ago about the Mar-a-Lago accords. He said "Why would you do that? It's a third world strategy."
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.
- Shifting liabilities off balance sheet
- Claiming fake savings
- Pumping up value of assets
- Pro forma never reconciled with reality
- Fraud like we've never seen it......
Trump II is ready to load up that sovereign wealth fund. He plans to follow a 10% stake in Intel with many more government equity stakes, U.S. state backed enterprises. That also has a central planning, third world aspect to it. It all sounds so un-conservative, but that is Trump's brand.
Pay me and I may be nice. Pay me and I may not. But either way pay me. It can be money or homage.
Ideally both.
