Bloomberg reported on The Carlyle Group's weighing in on Federal Reserve Bank independence. Current Fed Chair Jay Powell is a former Carlyle Managing Director. Trump II, the digital Caligula, has ravaged Powell for not doing his bidding. That's not a surprise for our Petulant President.
Trump II the Impatient Impulsive, incorporates anything within his purview, enveloping it into his very being. That includes people and organizations.
Carlyle invested big money into cultivating relationships with elected and government officials. That goes to naught when Trump has one of his tantrums.
Carlyle tended to operate in the shadows, silently busting business ethics standards. Trump defecates on longstanding ethics requirements in full view of the camera while saying "I'm not shitting you." Of course he is, over and over and over.
The U.S. Senate will likely approve Stephen Miran for a four month Fed Governor post with the stipulation that Miran is on leave of absence from his job in the Trump White House. Another name for possible Fed Governor is James Fishback, a poor performing hedge fund analyst just two years ago. In any other administration the Senate would slap away such "candidates."
Carlyle's worming its way into Washington, D.C. over the last several decades is being threatened by Trump's Buffoon Regiment, which doesn't even bother to operate in the background.
It took Carlyle decades to grow AUM (assets under management) to several hundred billion dollars. Trump plans to leave office with a $200 billion net worth in January 2029. For that to happen, he needs buffoons nearly everywhere.
Politicians Red and Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
New Trump motto: Buffoons for Billions: Join my Party
