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."