Unserious People for Serious Work

Trump II enforcer Bill Pulte will head U.S. intelligence despite having no background or experience in the field.   In addition he will gut the agency from a position of leadership ignorance.

The public witnessed something similar under Elon Musk and DOGE, which applied the "takeover model" of jettisoning federal staff in favor of incapable technology.  TechGods call it "disruption" while private equity underrwriters (PEU) refer to it as their new "operating model."  Both are designed to funnel huge sums to founders and executives.

Trump II has added a blatantly political dimension to any downsizing with his demand that all staff be 100% in support and alignment with him or be rooted out.

I have written my congressperson numerous times on the severe damage being done to important government operations by Trump II, a nightmarish executive who manages by savage whim.  I received a series of replies indicating that their relationship with Trump II benefits everyone, which of course is complete bladerdash.

Trump II decides on one criteria, whatever he believes maximizes his image/pocketbook in each and every present moment.  So he lies and he fibs and he flip-flops, attacking when any of these are questioned.  Trump can attack anyone, anywhere and anytime.  The thought just needs to enter his mind.

And that's where the cascade of White House creeps come in.  They know offense is the best defense so the game is to pin Trump's rage on the other.  

It is in Trump's nature to destroy that which is good, to hurt as many people as possible with callous acts and to fatten his pocketbook at the same time.  Thus we now have Trump designed Trump coins for America 250.

Trump coins are official coins of the professional wrestling event to be held at the White House.

And they come at a premium price, much like stadium eats at a professional sporting event.

Get ready to pay roughly an $8,000 premium for packaging.  That's quite a load.  

This is the fleece Trump II allows the public to see.  I can't imagine what he has going in the shadows alongside his TechGod/PEU backers.

We have so many unserious people serving the world's greatest usurper, when the whole lot should be serving the American people.  Instead they serve themselves, over and over and over.

I am sick and tired of it.  

For decades politicians Red & Blue loved PEU and their new TechGod brethren.  Increasingly, more were one. Trump II is trying to crowd out the Blues and make it the Red PEUniparty.  I trust the American people to steer back this obscene overreach.   Act...

Blackstone and Apollo Throw Billions at AI Chips

A Blackstone press release stated:

Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced the establishment of the AI XPV Platform with Apollo (NYSE: APO) and Blackstone’s (NYSE: BX) Credit & Insurance Business as initial anchor investors. 

The Platform is designed to enable more than 20 gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028. 

The Platform launches today with an initial tranche of $35 billion led by Apollo, in partnership with Blackstone, to facilitate Anthropic’s previously announced capacity expansion of more than 1 gigawatt of compute infrastructure expected to deploy in Fluidstack-based sites starting in mid-2026.

Apollo's press release said global banks would play a role as well.

The funding is for expensive chips that go into AI data centers owned by Fluidstack.

Cipher Mining recently signed a ten year AI hosting agreement with Fluidstack and Google.  In the same press release Cipher announced its Colchis site just outside San Angelo city limits in West Texas.  It is not clear if Colchis is part of that AI hosting arrangement with Fluidstack.  That remains to be seen.

Fluidstack "builds gigawatt scale data centers from the ground up, delivered in months..."

If private equity underwriter (PEU) funding is behind the expensive chips that go into Colchis that's another political push for ERCOT to approve Cipher Mining's AI data center in our area.  A tie to Anthropic and its use of Fluidstack would add an established TechGod dimension.

BlackRock's Larry Fink wants your retirement fund to backstop the data centers people do not want in their backyards.  Blackstone Credit & Insurance Business may do just that with your annuity and Apollo's Athene could do likewise.

“We’re in this unique time where we need multiple trillions of dollars, for AI, power, infrastructure, chips and all of that requires very bespoke, long-duration capital that’s not traditional to the CUSIP market.” John Zito, Co-President, Apollo Asset Management

Long duration capital for short lived assets?  That usually means bagholder.

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

TechGods 007 Villain Gold-Dingus

TechGods need access to our pension/retirement funds, at least BlackRock CEO Larry Fink recently made that appeal.

Bloomberg ran an opinion piece comparing AI leaders to villains from James Bond movies.  TechGod Peter Thiel and Palantir CEO Alex Karp sound like 007 antagonists in their daily speech.  

With Elon Musk controlling 85% of SPAC-EX after going public, the IPO looks engineered to make Musk the first trillionaire on earth while he retains complete control of the company..  

This is the class that self medicates with ketamine, advocates for government free zones where they make the rules, locates data centers in drought stricken areas and pushes next word predictors as intelligence.  

No real industry would go forward with a product that has significant error rates and is unreliable.  

Robot cars interfere with police and fireman responding to an accident, fire or crime scene.  AI commits what would be a crime if done by a human and nothing happens.  It tells a child to commit suicide.  It facilitates the undressing of underage girls.  

It, like its twisted social media uncle, seeks to addict users.  It furthers irreality, the profane and the grotesque.  It spies as it controls.  

NYPost ran a story on sex workers that can speak tech and the premiums paid by TechGods and their servants for such services.  The story ended with:

“In the future, being able to afford human contact, and to afford settings where there is genuine human contact, will be the ultimate luxury.”

How much will breathable air and drinkable water cost in this "future?"

America has an absurd vision that most do not want, the further obscene enrichment of the TechGod/PEU (private equity underwriter) class at our expense as everything is monetized.  We see which way the resources flow and it is not in our direction.  

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

Update:  Jesse wrote:

The sickness of the world is being spread like a pandemic of lawlessness by a small but powerful crowd of well-funded sociopaths. Those who are easily seduced by money and power are quickly falling in line with it. 

It will be hard for future generations to understand this, just as we have struggled to understand the middle of the last century and the madness that overtook it.

Madness is as madness does... 

Update 6-9-26:  Trump II, the digital Caligula, encouraged the United Kingdom to not ban social media for children under 16 years of age.

Cipher Digital's Annual Report Covers Colchis LLC

Cipher Digital's 2025 annual report had much to say about their Colchis project, Tom Green County's third possible data center.   It is a joint venture although Cipher Digital never shares their joint venture partner(s) or from whom they purchased their majority interest.

The Tom Green County Appraisal District shows four tracts of land owned by Colchis.  They are next to the land currently leased by SkyBox Data Centers for their project, which is currently being marketed by Emergent Data Centers as SA1.  Both sited in that location to access a large AEP electrical substation.  

Texas electricity regulator ERCOT is running a Batch Zero competition for the state's data center explosion.  That means SkyBox and Cipher are competing for the same monstrous amount of electricity.  

Cipher's Annual Report states: 

Colchis Site 

In November 2025, we purchased a majority interest in a joint venture entity to develop a new HPC site in West Texas capable of providing 1-GW, referred to as Colchis (the “Colchis Site”), under which we expect to hold a majority equity interest subject to final lease and development terms. The Colchis Site includes a fully executed direct interconnection agreement with American Electric Power (“AEP”) for a dual interconnection facility targeting energization in 2028 and options to buy approximately 620 acres of land adjacent to an existing substation.

Redeemable noncontrolling interest 

Redeemable noncontrolling interest represent a 47% noncontrolling ownership in Colchis, variable interest entity (“VIE”), and a consolidated subsidiary of the Company. The entity is deemed a VIE as it does not have sufficient equity-at-risk to finance its activities. As the managing member, the Company has the power to direct the activities that most significantly impact Colchis’s economic performance. Accordingly, the Company was determined to be the primary beneficiary of the VIE and therefore consolidates the entity in its consolidated financial statements. Redeemable noncontrolling interests are presented outside of permanent equity on the consolidated balance sheets as they are redeemable by the holders of the noncontrolling interest and the redemption is outside the control of the Company. The redeemable noncontrolling interests were initially recorded at their issuance date fair value of $30.3 million. The Company subsequently measures the carrying amount of the redeemable noncontrolling interests at the greater of (i) the initial carrying amount, increased or decreased for the noncontrolling interest’s share of net income or loss and its share of other comprehensive income or loss, and dividends or (ii) the redemption value. For interests that are  redeemable in the future, we recognize changes in the redemption value immediately as they occur.

Note 8:  Investment in Joint Ventures

In October 2025, the Company purchased 53% of the equity in Colchis LLC (“Colchis”), a joint venture of a potential 1 GW site in Texas, the “Colchis Site.” The Company is the managing member and consolidates Colchis, and records redeemable noncontrolling interest for the minority interest in the site. The Company deems the noncontrolling interest to be redeemable due to certain clauses in the agreement, which could trigger the redemption of the noncontrolling shares upon events outside of the Company's control. 

There were no changes in ownership of Colchis LLC for the year ended December 31, 2025 after the Company’s original investment.

Note 9:  Intangible Assets

 

The Company recorded amortization expense related to intangible assets of $0.6 million for the year ended December 31, 2025, $0.5 million for the year ended December 31, 2024, and $0.0 million for the year ended December 31, 2023. During the year ended December 31, 2025, the Company acquired strategic contracts for $56.6 million and $12.6 million related to the development of the Colchis and Ulysses sites, respectively, and wrote off $1.2 million of capitalized software related to software projects the Company is no longer pursuing.

There are mixed messages between the Annual Report and other Cipher corporate communications.  A November 3, 2025 press release stated:

In addition, Cipher today announced the formation of a joint entity to develop a 1-gigawatt (“GW”) site, named “Colchis”, in West Texas. Under the terms of the agreement, Cipher is expected to provide the majority of the financing, which would result in approximately 95% equity ownership assuming standard lease and development terms in a future HPC lease. 

The Colchis site includes a fully executed 1-GW Direct Connect Agreement with American Electric Power (“AEP”), under which AEP will construct the necessary dual interconnection facility for a targeted energization in 2028. Construction of the interconnection facility will proceed in parallel with ERCOT's final review and approval. The 620-acres of land under option sit adjacent to the existing substation, and the site has all the necessary characteristics for development of an HPC data center.

One said "purchased" the joint venture while the other said "formed."  One said 53% equity while the other said 95%.

I wonder if AEP's dual interconnection facility garners them an equity stake in Colchis.  It seems strange that AEP would pick one data center over another at this stage.  Shouldn't they work with whichever was approved by ERCOT via Batch Zero?  It feels like a thumb on the scale.  

However it is Texas where there are lots of thumbs and even more scales.  

"DDD" Show in Tom Green County

Data Center #3 has been identified for Tom Green County in West Texas.  

#1 is Skybox Data Centers which hired Emergent Data Centers to develop the project within the City of San Angelo.  

#2 is Beacon Data Centers which has their WestLine project in the Dove Creek area of the county.  

#3 is Cipher Digital using land "a quarter mile east" of the Skybox site, but outside city limits. 

#4 and higher   ?    

As of now TechGods and private equity underwriters (PEU) are driving the development and funding of rapid data center expansion.  Because this is all so enticing, I used the graphic art for the three breasted woman in the Total Recall remake.  

My wise friend noted:

You have to ask yourself, how many times are we going to be taken by the same cartel of scumbags?  They have set up AI as the demand center for the economy funded by circular arrangements with private credit, private equity, Wall Street & venture capitalists feasting on the flow. 

They have also set it up AI as a national security vital interest to combat the world. This means the billionaires class are the recipients of the fiscal push and probably the next bailout (yet again). 

The industry food chain and their CEOs (with their options and everything else) has a secured tokenized seat on the bubble ride and care not what happens at the end of the ride.  What happens to all the towns and counties that staked their future on failed mega data centers?  

My friend expects a cascading series of bankruptcies as the leverage that drove up local asset prices becomes a blender, shredding nearly everything financially on the way down with Uncle Sam saving those who need no assistance but can't stand to see their wealth go down. 

Politicians Red & Blue love PEU and their new TechGod brethren.   Increasingly, more are one.  Cryptbros are currently on the outs. 

Dominari Markets Drone Portfolio

Dominari Holdings press release included a letter to shareholders on their drone related assets.

The rise of the American drone industry is an important factor in our country's new economy, and we are honored to be a part of that rise. 

Drone dominance was described as a "presidential priority" in President Trump's $1.5 trillion defense budget request for fiscal year 2027.

Don Jr. and Eric recently exercised warrants on Dominari shares.  The company discounted the price of those warrants.  

....having an original exercise price of $4.22 per share. 

Exercise Price of such Exercised Warrants shall be reduced to $2.50.

That's a 40% discount for shares that are in a prime positioned to make bank from Trump II's war machine.

Shameless is as shameless does.  The Trumps must have it in their genes.  

Albania? They Went with Jared & His LPs

Euronews reported: 

Protests continued in Albania on Wednesday against a massive coastal development project linked to Jared Kushner, the son-in-law of US President Donald Trump, with demonstrators taking to the streets of Tirana for a third day to voice their opposition to the project. 

The government says the development on the Adriatic coast would be transformational for the former communist nation as it seeks to enter the high-end tourism market and pushes for European Union membership. 

But the venture, spanning a protected island and a nearby stretch of seafront on Albania's southern coast, has drawn opposition from environmental campaigners and critics of long-time Socialist Prime Minister Edi Rama. 

The luxury project has two components: a coastal development in the Narta Lagoon area, which is a wildlife reserve, and a smaller resort on the nearby uninhabited island of Sazan, a communist-era military base.

Ivanka recently spoke about this project being a culmination of her life's work.   Residents of Fisher Island and Indian Creek, the "billionaire bunker" island in Miami's Biscayne Bay need a place to unwind and relax.  Partying in Miami with fellow TechGods, CryptoBros and Private Equity Underwriters (PEU) is hard work.  

Reshaping the globe at the World Economic Forum or Milken Global Conference requires serious down time.  What better than a pristine wildlife area affixed to a former Soviet Union military base.  

The new capitalism is the old communism with a dash of fascism, where money is made from state sponsored industries.  

The planned development of hotels, apartments, villas and a marina is linked to Kushner and Trump's daughter, Ivanka Trump. 

 An investment firm linked to Kushner has been granted special investor status by Albanian authorities.

Affinity Partners is Jared's PEU, mostly investing Middle Eastern sovereign wealth fund money.  Those are some large LPs.

Trump Calls for More Jan. 6th Love & PEUty

CNN reported:

President Donald Trump declined to commit to permanently scrapping a $1.776 billion “anti-weaponization” fund on Wednesday, telling CNN’s Kaitlan Collins he still considered the controversial initiative “a beautiful thing”

In solidarity Trump II's meme-coin fell to $1.76 from a high of nearly $76 in January 2025.  

January 6th rioters called the day "their 1776."  This stain on the U.S. Capital should not be rewarded with massive sums of money.  

It's a precipitous fall in the rule of law and blasphemy of words originated in our very founding.  The public can expect lots more of this from Trump II and his savage whims.

It's unclear if the $1.776 billion fund has been stopped.  Trump II, the Great Usurper, routinely ignores the law, tradition, good manners, Congress and the Supremes.  

Affinity Partners may have to manage the money while the fund is in limbo and it may need to use the Trump's USD1 stablecoin as the currency.  It's the Trump version of private equity underwriting (PEU), where affiliates are forced to use each others services, regardless of price or quality.

Why can't anyone put a stop to this?  Because politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.

Update 6-5-26:  $TRUMP dropped again, hitting $1.59.

T Minus 7 Trading Days for SPAC-EX Takeoff

The countdown for SpaceX's IPO is seven trading days.  TechGod Elon Musk and his investor peers will serve up a minimal number of shares.  Jesse wrote:

SpaceX is absurdly overvalued, but the rules that will compel index funds into forced buying have been distorted just for this final gasp of the AI bubble. This is a shocking betrayal of fiduciary and regulatory duty. Not only can they see what is coming, they are acting purposely to make it happen again for their own selfish gains.

Wall Street joined in making numerous special accommodations for the richest man in the world.

Morningstar suggested SPAC-EX's IPO is pro-executive, pro Elon and riddled with conflicts of interest, the new badge of courage in Washington, D.C. and corporate executive suites. 

The SpaceX IPO is as tilted as a Chamath Palihapitiya SPAC, so buyers beware!  

It should be a picturesque IPO if it makes it off "the pad."

Update 6-6-26:  Jesse wrote:

There are some key IPOs coming out later this month. As always they involve a scandalous manipulation of the rules of the exchanges to benefit a wealthy few. 

“Not only did Nasdaq gut its 'seasoning' requirement to allow SpaceX into its index only 15 days after its IPO, it also changed how it adjusts its weighting in the Nasdaq 100 index for 'low-float' stocks.” 

Although only those who understand how these things work may understand it, this is a scandal of the highest level. If we had a functioning regulatory office this would not be happening. But this is the naked face of the kleptocracy.

Update 6-8-26:

PEUs Came for Scott Pelley

60 Minutes reporter Scott Pelley finally experienced what countless have after a buyout, a new operating model that craps on people and organizational quality in favor of financial gimmickery, incapable technology, a purposeful reduction in quality and complete/total subservience.  

NYPo reported:

In a Monday morning meet-and-greet gone wrong, Pelley took aim at CBS News Editor-in-chief Bari Weiss, claiming she was “murdering ’60 Minutes,'” and that she “was brought in to kill it and is doing exactly that,” according to a source briefed on the meeting. 

“She has no qualifications for her job,” Pelley said of Weiss, according to the source. “The changes that she’s made at the ‘Evening News’ have been catastrophic, so why should we expect that any of this is going to be any better?”

I'd hoped for decades that the private equity underwriter (PEU) model, which hollowed out so many workplaces. would be the focus of story after story.  TechGods foisted "magic" software solutions that required hours on hold with IT to solve the most basic problems.

PEU founders became policy making billionaires, so elected officials remained on the sidelines when they had power to intervene.  TechGods noticed and adopted the PEU playbook requiring avowed Libertarians to become big government budget parasites.

Eight years ago two private equity firms, TPG Capital and Welsh, Carson, Anderson & Stowe purchased a majority interest in my employer.  They brought a new operating model which drove our customer service scores into the basement.  Management never said a word about declining scores even though they were displayed on the wall of our conference room.

They slashed staff and gave us a "magic" new computer/software setup that was supposed to be all things to all people.  It spied on us.  It ripped us off in terms or pay and mileage.  The Department of Labor did not care.

But most of all they took away our voice.  They never asked for feedback on the changes, their management, their incapable systems or their new priorities which grated with our longstanding pride in the quality of our work.  

CBS News took away Scott Pelley's voice and he had none of that.  His statement included:

... the new owner of our network is casting this legend aside, apparently to curry a moment of favor with the Trump administration. 

 The waste is heartbreaking. 

 Last month, 60 Minutes lost its DNA when our entire senior leadership and two of our best on-air correspondents were cruelly fired without cause. Good people were silenced because they stood up for our audience. They stood for fairness against the forces of political bias; they stood for professionalism against chaos. 

 For my part, new management has instructed me to inject falsehoods and bias into a politically sensitive story. I’ve been told to include assertions that are unverified.

That story is as old as 2010 and as fresh as today.

The PEU/TechGod class are not leaders, who would have made ample room for people to be heard.  They control.  It's their imposition.  No quarter is given in their pursuit of profits.

The Lords of Capital designed the influence system, recently copied by their far brasher TechGod brethren.  Together, they make federal policy and endlessly tap Uncle Sam's wallet for billions.

Scott Pelley's new boss is journalist to the TechGods.  Apparently, listening is not one of his skills,

Thank God the TechGod class is so crude and transparent in their machinations.  The Lords of Capital operated with stealth to the point that one had to dig to uncover their conflicts of interest and takeover of both political teams. 

As for management under PEU/TechGods, honest feedback is not appreciated.  They paint reasoned criticism as unhinged ranting that leads directly to violence.  

 “We did not want that to happen, but that’s the path that he (Pelley) chose.”--statement from CBS Bari Weiss

CBS News now knows the story, however they can no longer run it.  The bosses' version, however fictional, must be upheld.  

They characterize people as "so angry."  Well, there's a guy in the New Testament who tossed tables and he is widely worshiped.

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

The PEU/TechGod class came for investigative journalism.  For that, all of America suffers. 

Update 6-4-26:  This sounds like our workplace after six months of PEU majority ownership.  It's from 60 Minutes staff:

“Morale is terrible throughout the company.  No one knows what to believe or who is working against them. It has never been like this before. The staff in the newsroom all feel like they cannot trust anyone. How can you work like that?”

The only safe communication we had was a stroll outside without our cell phones.  Otherwise, management had the means and meanness to monitor everything.  CBS legends have spoken out against the decimation of 60 Minutes.

The story that played out in thousands of workplaces, the Lords of Capital savaging their liege, has come for 60 Minutes.  

It is but another step in Trump II's final public ratings implosion as PEU/TechGods seal their rightly power over all.  If you control the investigators you control what gets investigated.  

60 Minutes veteran Steve Kroft stated the show "no longer exists" following the series of firings which culminated in Scott Pelley's termination.  He noted:

“This is journalistic interference. It makes no business sense whatsoever. It’s the highest-rated news program on television, and it has been that way for more than 50 years.”

That's what a PEU/TechGod modernization does.  It makes something good and of substance into a surface reflection of their mendacity and greed. 

With the PEU/TechGod reliance on repeating, layered income streams and addicting customers, how long before 60 Minutes has a Kalshi, Polymarket or Truth Social tie up?

Part of good leadership is diffusing situations, and when they start to spiral out of control, it feels like a rookie move to throw a log on the fire.

Good leadership went the way of "no jerks" in management, having one full time job with a livable salary, actual customer service and declaring conflicts of interest.  The PEU/TechGod class trashed every one of them.

Jan 6'ers Love $1.776 Billion Symbolism

Trump's Middle Aged Wilders got the symbolism of the $1.776 billion payout fund and are clamoring for their cut.

Trump II threw another shout out to "his wilding" followers after performers bailed on  his national fair on the Washington D.C. Mall.

I am ordering my Representatives to look at the feasibility of doing an AMERICA IS BACK Rally on Wednesday, Washington, DC, same time, same location. Only Great Patriots invited — It will be a Wild and Beautiful Celebration of America!” 

Trump’s promise that his rally will be “wild” echoed a tweet he issued after his 2020 election loss to urge his supporters to protest in Washington DC on 6 January 2021: “Be there! Will be wild!”

Will the money be managed by Affinity Partners, Dominair Holdings, Withkoff Group or Yorkville?  Will it be held in dollars or $TRUMP, World Liberty's USD1, Bitcoin (courtesy of American Bitcoin) or some other Trump affiliated cryptocurrency.

The symbolism of 1776 in Jan. 6th is clear as that was their rallying cry prior to the Trump I led insurrection.  It's clear in the settlement amount agreed to by our "Just Us" Department.  It's both democratic and legal malpractice, made more egregious as this is our 250th anniversary.  

Congress and the Supreme Court need to smack down this Trump abomination before the Trump boys submit their grievance application.  The sooner the better.

Flashback to February and the inaugural World Liberty Financial Conference where the Trump boys said their conflicts of interest were "forced upon them."  That should warrant significant compensation in the Trump II's world of irreality.  

Update:  Jesse wrote:

The offenses against the Constitution and the waves of lawlessness that we seem to be accepting, if you step back and compare what is happening now and how things were when we were younger, is startling. The reasons for this are obvious. They don't even bother to hide it.

The PEU boys were far more subtle than the Trump family-TechGod alliance.   It's like they want to rub their preference in our faces.  The Red Team is a husk with no ethical core, floating on the savage whims of Trump II, the digital Caligula.

Trump Boys Convert Warrants in Dominari

Don Jr. and Eric now hold 1,182,276 shares ins Dominari Holdings, up from 966,138.  Both boys are Dominari Advisory Board members and major investors.  They converted recently discounted warrants to increase their share totals.

Dominari SEC filings show:

Holders were offered options to either (A) exercise for cash their Existing Warrants at a reduced exercise price of $2.50 per share (“Option A”) or (B) exchange all, but not less than all, of such Holder’s unexercised Existing Warrants for shares of Common Stock at an exchange ratio of 10:3, such that for every ten shares of Common Stock underlying the exchanged Series B Warrants, the Company would issue three shares of Common Stock (the “Exchange Shares”) for no additional consideration (“Option B”). 

The warrants had an original exercise price of $4.22 per share when originally issued.

 The deals keep getting sweeter for the Trump boys.  

Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod/CryptoBro brethren.  Increasingly, more are one and their sons shall be far richer than their fathers.

$TRUMP Deflates Post "World's Most Exclusive Con-ference"

Trump II's meme-coin ($TRUMP) continues to lose value.  The two "dine with the President" events provided brief spurts to $TRUMP but did not break the overall decline over decline trend.  

Dinner #1 was at Trump National in Northern Virginia.

It boosted his meme-coin price about $4 dollars.

Dinner #2 at Mara-Lago occurred in the midst of his war of choice on Iran.  It got his coin to $4 after a $1 boost.  

$TRUMP is trading at $1.98 as of this posting.  Early Trump buy and hold "investors" have taken a pasting.  Earlier this week it traded as low as $1.83.  

Trump II set this up so he makes money from trading.  His corporate entity takes a cut of the fees.  

Trump II, the digital Caligula, brought unethical business practices to government.  Politics already had little to no ethical foundation.  

His recent Kennedy Center judicial defeat has him verbally divesting the enterprise, just as he tried to do with America's military allies regarding the Strait of Hormuz.  

After jacking everything up in the Persian Gulf he told other countries "to go get your own oil."  It brought to mind the dystopian future pictured in Mad Max movies.  Trump innovated by making it a water version.  

This might be Trump II's Water World, where he just looks old and soggy.   Meanwhile, $TRUMP is looking weak and saggy.

Update 6-3-26:  $TRUMP fell to $1.81 on CoinMarketCap this evening.   UPBIT shows $1.79.

Update 6-5-26:  $TRUMP dropped again, hitting $1.59.

Trump Wedding Surfaces Epstein's Banker

Palm Beach is the investment center of gravity.  Trump II's Mara-Lago is one site where insider deals get done, recently at "the most exclusive conference and dinner in the world."

A different merger took place in that area, the nuptials of Don Jr. & Bettina Anderson.  The bride's late father owned Palm Beach Bank & Trust, which handled at least $12 million in Epstein money from 2004 to 2011.

JP Morgan looked at Epstein's use of funds in 2011.  An internal e-mail stated:

JP Morgan's note cites 2004 allegations against Epstein.  Bettina Anderson was 17 years old.  Fortunately, she was not poor, struggling or whatever other criteria Epstein used to target his victims.

Who'd have thought a Trump wedding would surface Epstein's former local banker?

"Redacted" sent Harry Loy Anderson Jr.'s obituary to Epstein in December 2013.  

TechGod Peter Thiel Lands in Argentina

TechGod Peter Thiel left his home and businesses in Miami for Argentina.  In the last year Thiel relocated Founders Fund, Thiel Capital and Palantir to Miami.  Fellow TechGod Jeff Bezos moved to Miami in 2024 and Hedge Fund Giant Ken Griffin did so in 2022.

Did Thiel move his family (again) because of the telegraphed upcoming U.S. attack on Cuba?  

Iran sent drones and missiles into UAE data centers.  If Cuba could hit Palantir's offices I imagine they would consider that a success.  

Maybe, Mr. Thiel got some secret intelligence only available to big money political insiders.  That would be uniquely American.  

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

Carlyle Promotes Defense-Government-Industrial with New General

Carlyle Group Vice Chair James Stavridis may not get his desired economic opportunity in Iran but Trump II's disastrous war provides profit opportunities just the same.  

Carlyle cut its teeth flipping defense contractors for grand returns under CEO Frank Carlucci, former Secretary of Defense.  Carlucci died in 2018 which shows how long this game has been going on.

The Admiral is ready to do so again with help from General Bryan Fenton, Carlyle's new operating executive in the Defense-Government-Industrial (DGI) space.  Fenton retired in November 2025 and already picked up two board seats, USAA and Mantech.  

Carlyle is excited about the return of the go-go hypersonic defense spending days, calling investment opportunities "unlimited."  

Limitless opportunity?  Carlyle has a history of puffery.

"Unlimited" is as realistic as Elon Musk's promise that the new AI economy will provide everyone a penthouse.  

Politicians Red & Blue got together to save college sports, another area targeted by private equity.  Policy making billionaires, another Carlyle Group innovation, may also be making a comeback.

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

TechGod penthouses have tight security, ready access to ketamine and spectacular views.  Ours will have a centerfold.  So that's why Grok undresses teens...Elon always fulfills his promises.

From Side Hustle to Wide Hustle: SpaceX IPO

WSJ wrote about Elon Musk's doling out access to SpaceX stock to friends in April 2025.  Space Exploration Technologies (dba SpaceX) has a scheduled IPO launch for June 12, 2026.   

An expert in corporate governance gave a warning on CNBC.  The guest noted lease agreements between SpaceX and Valor Equity Partners as Valor founder & CEO Antonio Gracias is on SpaceX's board of directors.

Rules and norms do not apply to TechGods.  These super-humans can hold multiple full time jobs. Just a dash of their time is incalculable in terms of value.  That power extends beyond the C-suite to the ballot box.

Shareholders normally get a vote.  One share, one vote.  The S-1 indicates SpaceX has several classes of stock, Class A, Class B and Class C.  Musk owns 93% of Class B shares with each share having ten votes.  Class A has one vote per share while Class C has no voting rights.  

Class B shareholders (i.e. Elon Musk) select 51% of the board, while Class A together with Class B select the other 49% (once again Elon Musk).  

The filing states:

...we will be a “controlled company” within the meaning of Nasdaq and Nasdaq Texas corporate governance standards. Under the listing rules of Nasdaq and Nasdaq Texas, a company of which more than 50% of the voting power with respect to director elections is held by another person or group of persons acting together is a “controlled company” and may elect not to comply with certain Nasdaq and Nasdaq Texas corporate governance requirements

This harkens back to when The Carlyle Group, a politically connected private equity underwriter (PEU) went public, but the three founders controlled the board makeup with their outsized share holdings.

Two SpaceX shareholders got special mention in their Investor Rights Amendment (filed in 2020). 

Antonio Gracias may be familiar to close watchers of DOGE.  He "helped" Elon Musk with Social Security from March to July of 2025.  

CEO Antonio Gracias had resigned from his position working 80 hours a week for the so-called Department of Government Efficiency. A Valor spokesperson stated that Gracias was no longer freelancing for the U.S. government.

Gracias also sits on the Board of Trustees of the University of Chicago.  The Chicago Maroon reported on his DOGE involvement:

In meetings with senior staff, SSA Acting Commissioner Leland Dudek has referred to Gracias and other DOGE staffers as “outsiders who are unfamiliar with nuances of SSA programs,” per a March 6 Washington Post article. 

Despite DOGE staffers’ lack of experience, “I am receiving decisions that are made without my input. I have to effectuate those decisions,” Dudek told senior SSA staff.

Gracias spoke alongside Musk at a Social Security Townhall in March.  Their claims did not hold up under scrutiny.  Vanity Fair excoriated the effort:

....didn’t just use untruths to justify their work at the Social Security Administration. They also used their own inability to analyze data, as well as massive hubris...

The second SpaceX shareholder receiving special mention is Peter Thiel's Founders Fund.

It's not clear how much Elon Musk, Peter Thiel or Antonio Gracias will make in the SpaceX IPO, but one thing is for sure.  TechGods remain firmly in control.  

Update:  Musk floated a SpaceX - Tesla merger.  He has the votes...

Power of the TechGods

Trump II's alignment with the TechGods began with his selection of J.D. Vance as his Vice President.  Vance is a junior TechGod having been christened from his tutelage under Peter Thiel.  

Thiel lectures on the anti-Christ, i.e. any person or collection of governments that would limit AI or any of his thousands of tech solutions to a major societal problem (Thiel's not having enough power and money).

Palantir's AI targeting is rumored to be behind the deaths of Iranian school girls early in Trump II's disastrous war of choice on Iran.  It may have targeted Ukraine's recent bombing of a Russian college.  Thiel founded Palantir alongside Alex Karp and the company cut its teeth protecting the global elite.  It now may be erroneously killing children and young adults.

U.S. companies are scurrying to deploy AI which costs far more than employing real people.  TechGods recently joined with private equity underwriters (PEU) to profit off the spread of AI throughout their owned companies.  AI will be the latest excessive PEU charge to affiliates atop interest expenses and management fees.  

AI has become the subject of graduate jeers at college commencements.  TechGod speakers have been shocked that students, the primary users of AI, don't want their "garbage in-garbage out" models taking entry level positions.

TechGods have been insulated from their staff and protected from outside scrutiny by non-disclosure agreements.  Trump II wants to foist those on federal workers.  

Unaccountable politicians serve unaccountable billionaires with the sorry lot wanting to be trillionaires.  It's a thicker crap sandwich for the common person.

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

Update: An X post noted:

Step 1: Scrape the entire internet. Every book, every article, every conversation, every piece of art, every forum post. Do it without asking. Do it without paying. 

Step 2: Train a model on all of it. Call it "artificial intelligence." Step 3: Go to BlackRock's Infrastructure Summit and announce: "We see a future where intelligence is a utility, like electricity or water, and people buy it from us on a meter." 

Step 3 is where you sell people's own knowledge back to them. On a meter. They took the collective output of human thought, compressed it into a model, and now they want to charge you by the token to access a version of what you and everyone you know already created. 

One Reddit user put it perfectly: "They stole all this data from us, the people, our life's work, creativity, art, by devouring the internet and blowing through all copyright laws. Now they want to sell it back to us in the form of a utility."

Update 6-7-26:  Burning Platform wrote:

...the malevolent, degenerate billionaires who currently control our world and pull the levers manipulating the willfully ignorant masses, are maximizing multiple bamboozles in an attempt to expand their wealth, optimize their power, and exploit the system to control the masses in an AI based technocratic gulag. We are nothing but expendable pieces in their demented game of Risk. 

General's Global PEU Odor

Responsible Statecraft reported on May 14th (ten days ago):

Known as “one of Israel’s staunchest allies in the American defense establishment,” Ret. Gen. Michael Erik Kurilla, who just retired from his post as head of U.S. Central Command last summer, will feel right at home presenting the keynote at the Israeli-American Council's "Strength in Unity" gala tonight. 

According to Jewish Insider's morning newsletter, others speaking at the event will include pro-Israel megadonor Miriam Adelson and former Mossad Deputy Director Henrike Weissberg.

 General Kurilla was appointed Senior Advisor for Lazard last fall.

Lazard CEO Peter Orszag recently wrote a piece on State directed Capitalism which seems uniquely directed at AI, space, rare earths, defense, intelligence and energy.  

The Pentagon targeted private equity collaboration after several key leadership appointees came from that sector.  Lazard was already a major player in the PEU world but they added more capability with Campbell Lutyens.

Retired Generals and Admirals hold significant positions within major private equity underwriters (PEU).  They also often work for TechGods, which more recently prioritized doing business with Uncle Sam (long a PEU practice).

Kurilla is my latest find, but I'm sure there are many more.  Turn over a rock in Washington, D.C. and you may find a PEU, an elected official, a retired four star or a newly officed TechGod.  

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

Behind the Admiral's Mask: TechGods & PEUs

TV Insider reported:

An interview that aired on Fox News on Tuesday (May 19) has baffled viewers as it appeared that a guest was wearing a realistic rubber mask of their own face. 

Retired United States Navy SEAL Robert Harward appeared on America’s Newsroom with Bill Hemmer and Dana Perino on Tuesday, where he discussed President Trump’s ongoing war with Iran. While Harward explained his thoughts on the conflict, viewers became distracted by his neck, which many believed looked like the seam of a mask.

It was nice of Fox News to make it so clear that the parade of retired generals and admirals have something to hide.  It is rare for any news outlet in the U.S. to declare their guests actual line of work or their conflicts of interest.  

Admiral James Stavridis is a regular on CNN and they rarely share his full time job, Vice Chair of The Carlyle Group, a politically connected private equity underwriter (PEU).

Harward has numerous positions, some with PEU attachments.  Primarily he works for a TechGod, ShieldAI.  Bob is also on the Board of Directors of Metatek, Mistril Technologies and CoTec.  He serves on Academy Securities Advisory Board.  He also serves on The Iran Policy Project for the Jewish Institute for National Security of America.

Chances are this is a cheesy makeup mask (not full face) or some poorly preforming image background.  But it is fortuitous that the flapping neck fold was picked up by so many.

It is a symbol of false front shared by so many "experts" on the news.  Behind the curtain one finds politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  

PEU Focused AI Company Joins AI PEU Joint Venture

Fractional AI markets its services to private equity underwriters (PEU).  It is being bought out by a new Anthropic/PEU joint venture backed by numerous players (seen on the right side of the image below).  OpenAI has its own AI-PEU venture.

For workers in most PEU affiliates this will be at least the second time their sponsors have made major changes in operations.  The first required lopping off headcount and other operating expenses in order to pay new annual management fees, much higher interest expense, fund special dividends/distributions, enrich executives and achieve the sponsor's hurdle rate.  

PEUs had affiliates buy from one another even if it wasn't the cheapest or the best quality.  Now that they've joined with TechGods in their circular financial masturbation, employees can make billionaires into trillionaires.  They just need to replace less expensive workers with higher cost AI.

TechGods already have a strong "workplace crapification" strategy underway, so they come to the table ably equipped to assist their new joint venture sponsors.

Don't look for any help or support from elected officials.  Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one and most care not about the little people.

Donflicts of Sinterest: Swirling Haboob

The ethical landscape is disturbing in its flatness and lack of color.  A mass of foul hot air circles, usurping all that is in its path.  It grows in size and stench with each accumulation.  A giant beast can be seen in the middle of the swirling winds.  It has multiple nipples across its abdomen.  Clown dressed figures cling to each nipple.  Powerful listening devices determine the clown figures ceaselessly complimenting the beast as they struggle to hang on to their perch.  Several have fallen off and are running ahead with hopes of reattaching.

Scientists studying the phenomena have named it the "Donflicts of Sinterest."  

Checks and balances have been replaced by checks, the bankable kind.  Influence is based on who you know and how much you can pay.  There are no foundational or underlying principles.  Those have been grossly distorted to "support" the horrific descent from virtue, abandonment of honesty and scuttling of open deals based on fairness to all.  

It's an insiders game and the players are cruel, greedy and devious.  That is a very bad combination especially when paired with the Lords of Capital (private equity underwriters - PEU) and TechGods/CryptoBros.  

TechGods and PEUs finance and maximize the production of the beast's nipples but also partake heavily in the monetary flow.  Everyone in the power chain takes a cut but the largest portion is returned to the beast.

It's "Daddy Capitalism."  The next nipple should be rotating soon.  Who will it be?  There's an addiction site where you can bet on that.  The Beast's new betting site should be starting up soon.  How much will that new nipple produce?

Politicians Red are trying to corner the market for PEU/TechGod money and loyalty.  Their beast's desire for more everything is insatiable.  For that the common people suffer.

Update:  Jesse wrote:

I have seen some very ugly and awful things in my life. I was a child of the 50's and 60's after all, But the current level of open corruption and hypocrisy in Washington is a disgraceful stain on the country. 

Those who fail to uphold their oaths to preserve, protect and defend the Constitution from enemies, foreign and domestic bear a heavy responsibility. 

History will not be kind. And it ought not to be. There is no excuse for this. 

People of faith must bear witness to the terrible sins against the Spirit being committed by those who cloak themselves in a gospel soaked in money and blood. They will be reaping the wages of sin.

Update 5-22-26:  Not all the Reds are going along with the scheme.