"Sponey is Meech" According to the Supremes

The PEU-ization of America has been furthered by the U.S. Supreme Court, hereafter referred to as the Supremes.  Campaign finance restrictions continue to come down as "money is speech."  

Former private equity underwriter (PEU) J.D. Vance (Narya Capital & Mithril Capital Management) helped bring the campaign finance lawsuit in 2022 when he was a member of the Senate.  

The 2024 election saw TechGod Elon Musk spend over $290 million to get his favored candidates elected.

The Carlyle Group located in Washington, D.C. in 1987 to access Uncle Sam's wallet and lever their political contacts for preferential treatment across the board.  Carlyle was legendary for hiring former government officials would could lobby their contacts without officially being a lobbyist.  TechGods have recently copied Carlyle in this regard.  

Carlyle hired the former General Counsel for the CIA as it launched a new defense fund, Carlyle Defense and Reindustrialization Partners, based in Luxembourg.  

The Supremes "money as speech" does not have an elevating history in the U.S.  Thomas Jefferson drafted the Declaration of Independence as a young man.  The elder version used his slaves for collateral for a loan, when he had access to riches from the estate of a dear friend.  The one condition for Jefferson to access the proceeds?  Free his slaves.  

Founding Father Jefferson borrowed money so he could keep his slaves, even using them as a seizable asset to garner the loan.  That's a suppression of freedom for the "lesser people" of that time as slaves counted as one third of a person.

Speech is speech.  Money is money.  Conflating the two seems to be a form of garbage, which is currently widespread at the ruling class level.  

Speech is money bolsters the current power structure where politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and for that the common person suffers.

Vivek's Irrevocable Virtuous Pettiness

Vivek Ramawsamy, Ohio candidate for Governor for the Red Team, suggested all Ohioans should revel in his obscene wealth, even those struggling to get by.  

If you are not for his absurd wealth then you are worthy of derision as you are simply jealous, bitter and/or envious.  

Vivek is running to keep Ohioans paying billions to TechGod companies in economic development incentives.  Ramaswamy was in line to co-head DOGE (which I've renamed DOUGEBAG) but we know the billionaire boys, like their political sponsor Trump II, do not play well with others.

Here's what struggling Ohioans don't know and don't care about, Vivek's litany of shell companies as revealed by Strive SEC filings.

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Cicero, who wrote De Officiis, the treatise on virtue, noted:

… [L]et those who are to preside over the state obey two precepts of Plato, — one, that they so watch for the well-being of their fellow-citizens that they have reference to it in whatever they do, forgetting their own private interests; the other, that they care for the whole body politic, and not, while they watch over a portion of it, neglect other portions. For, as the guardianship of a minor, so the administration of the state is to be conducted for the benefit, not of those to whom it is intrusted, but of those who are intrusted to their care. -- Marcus Tullius Cicero

A virtuous Ramaswamy would want all the Epstein files released so as to ascertain the treatment of minors under the sexual predator's control.  I doubt Cicero would endorse a candidate insulting the very public he wishes to serve. 

Who isn't pushing their own book in the age of Trump II?  And what politician is not helping them?

Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod brethren.  Increasing more are one, a position envied by Ramaswamy.  

Update 6-30-26:  Apparently TechGods weren't despizable enough for making kajillions off the federal government while paying little to no taxes.  That's one benefit of being a billionaire libertarian.  TechGods went "all in" on the political Red Team and the Reds have the gods' back.  

The Reds are calling anyone concerned about a system that funnels even more money to people already obscenely wealthy "envious", "impotent" and a member of a "cult."  Lovely.  

Trump II's Regurgance

Trump usurped the broad swath of the Christian religion with his Religious Liberty Commission, comprised mostly of conservative Christians.  The Daily Beast reported:

President Donald Trump declared that his second term has sparked a “tremendous resurgence” of religion in America.

When times turn difficult and dark, many people turn to faith.  

These are times where very few corners of our society emit any light at all.  Private equity underwriters (PEU) and TechGods have turned the economy into obscene wealth generating platforms for themselves, ably aided by compliant and subservient elected officials, as well as "prosperity gospel" churches.

America has been transformed into an operating model for investors and lenders, complete with government funding, preferred taxation, backstopped lending and regulatory forbearance.  

One just need please the king, the pope, the healer, world ruler or whoever he envisions himself the day of supplication.  

One of the least recognizable followers of Christ's teachings is claiming he brought on the religious renewal.  He is partly right.  His darkness, cruelty, violence and overall dickishness has turned many to God and his Son,  

I expect many more will do so in the future because Trump's spiritual hole is gaping and he will ceaselessly try to fill it with anything that glimmers, money, investments, buildings, women, food, precious metals, golf, medals, awards, prizes....

Trump II is as earthy as it gets.  He will continue to accumulate spoils like no other.  However, all his riches will remain on this plane when God calls him home.  Until then, the accumulation game is full on.  Beware the overeating.

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

Update 6-30-26:  Moneychanger Trump II's meme-coin traded at this price a number of times over the last few days:

Trump's attacks at the Pope boosted the pontiff's reputation/image.  It has not done the same for his $TRUMP meme-coin.

Dominari: Three Auditors for Three Fiscal Years

A Dominari SEC filing reported  

...on April 25, 2025, Marcum LLP was dismissed, and CBIZ CPAs was appointed as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2025. 

On June 24, 2026, Dominari Holdings Inc. (the “Company”), with the approval of the audit committee of the board of directors of the Company (the “Audit Committee”), dismissed CBIZ CPAs P.C. (“CBIZ CPAs”) as the Company’s independent registered public accounting firm. 

On June 24, 2026, the Company engaged Grassi & Co., CPAs, P.C. (“Grassi”) to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2026.

For fiscal year ended December 2024 Dominari used Marcum as its public accounting firm,  It shifted to CBIZ in 2025 (after CBIZ acquired Marcum in late 2024) and then to Grassi for 2026.  

A rotating auditor roulette wheel can sometimes be a red flag for forensic auditors and investors.  A financial bear hug with Trump boys can also signal potential malfeasance.  Time and actual whistleblowers may shed further light on these developments.  Then again, they may not.  

Malfeasance and mendacity are now strategic imperatives, according to private equity underwriter (PEU) and junior TechGod Vice President J.D. Vance.  Vance said Watergate today would be an eight hour story.  

Is that because J.D.'s boss orders people to commit crimes all the time, ones far deeper in complexity and longevity?  A yes answer would not surprise me.  

J.D. is also from the TechGod class whose "automation" facilitated crimes against children (social media) and regularly commit moving violations with legal immunity (robotaxis).   Their algorithms steered kids to violence, self harm and suicide.  And TechGods want to broaden their legal immunity

Politicians Red a& Blue love PEU and their new TechGod brethren.  Increasingly, more are one and it behooves this alignment if the cops on the beat are dismissed, coopted, intimidated, given no authority and no assignments.  

It feels like the U.S. is rapidly approaching the complete subjugation of law enforcement to the insider class.  That is distinctly un-American (in theory) and uniquely American (in practice).  

Tennis Legend Goes PEU

The world got another private equity underwriter (PEU), tennis legend Novak Djokovic.  Djokovic will join General Atlantic as Global Strategic Advisor.  

General Atlantic is delving deeper into sports investing and Novak will assist in that endeavor.  He does so as sports gambling addiction has ballooned among young men in the U.S.  NBC News reported:

Diagnoses of gambling disorder rose more than 60% since 2018 in states that have legalized sports betting, with the biggest increase among young men.

The greed and leverage boys love recurring revenue.  Addiction is a powerful repeat purchase motivator.  TechGods know this and design their products for maximum dopamine release. 

The deal must flow.    

America 250 Commemorates Trump the Deformer

Trump II zeroes in a photo of himself and boom, it is soon spread everywhere.  Trump, the grumpy old guy, is featured on the passport and a new commemorative gold coin.  I took the liberty of adding captions.

Trump only likes dreaming all the day long and some of those dreams are not for public consumption.

Are you lying about the Iranians, Donnie?  "Nah!"

Are you going to play nice with the Senate this year, Donnie?  "Nah! Nah! Nah!"   

Will the people see all documents with your name in the Epstein files?  "Nah! Nah! Nah!                  You are fake news and the worst reporter now get the #@$& out of here."

Trump II, the digital Caligula, does not play nice with others.  Everything he touches becomes deformed from his usurpation.  

Donald Trump, PEU Leader of the Fee World and prone to fits of rage and violence.  

Politicians Red and Blue love PEU (private equity underwriters) and their new TechGod brethren.  Increasingly, more are one.  

Update 6-29-26:  Howard Lutnick said the following at an event where a comedian said Trump II was held up from attending as he "got caught in the sex traffic"  

Howard Lutnick's tongue stayed firmly planted with his comment:

“He’s used to these courts always fighting with him, but in the end he wins, and we all know that.”

I don't know that as the future is yet to be written.  Trump II takes his tantrums as far as he possibly can, well beyond what any gospel following Christian or reasonable person would do.  I'm counting on those same people, followers of Christ's teachings and sensible members of Congress/the Supremes to provide a counterbalance to Trump's ceaseless usurpations.  

Trump may have a big fat wallet, pen and posterior but he surely is not a God.  That lesson may be learned at the Pearly Gates.

Trump claimed to have restored religion in America as he sat in front of his Religious Liberty Commission, a group of mostly conservative Christians.  Trump II, the person least likely to display Christ's teachings, is a fan of the prosperity gospel and its shallow, surface view of faith.  

Apollo Co-Founder Black to Give Epstein Testimony

Apollo co-founder Leon Black gave testimony today regarding Jeffrey Epstein.  The House Committee talked with Epstein's major funder, a now disgraced private equity underwriter (PEU).

There are more people the committee should interview but likely won't.  

Secrets are difficult to dislodge from powerful insiders, Chatham House rules, non-disclosure agreements and all.  

Politicians Red & Blue love PEU and their new TechGod brethren.  Many are in the Epstein files.  Some, very many times.

"Serve Us" PEUs & TechGods

The Guardian reported:

For the past 100 years, US consumers have powered the US economy, their $21tn in annual spending supported by the business ethos that the “customer is king.” Today, that idea is as outdated as a Norman Rockwell painting, say consumer activists, historians, analysts, executives and customers themselves. 

Instead, consumers are bearing the brunt of sweeping developments in the business landscape. Decades of mergers have limited consumer options. Companies are so big they can push industry-friendly regulation and charge what they want, safe in the knowledge that disgruntled customers have nowhere to go. 

With customers stuck and competitors gone, companies can raise prices without improving customer satisfaction.

Ding, ding, ding...  does anyone know why?  

Private equity underwriters (PEU) rolled up companies in industry after industry.  PEUs make profits from flipping those companies after mining them for cash via fees and special dividends/distributions.  

TechGods brought our country abysmal customer service and plan take what little human element remained and outsource it to AI.  

Both PEUs and TechGods utilized their political power to achieve those "industry friendly regulations." Alongside the rise in private equity came the term "policy making billionaire."  It's a  position powerful enough to repeatedly keep private equity's highly unpopular preferred "carried interest" taxation.  

Just as Founding Father Thomas Jefferson used his slaves for collateral for a loan, the greed and leverage boys use their accrued carried interest for the same purpose.

So what is being pushed by the powerful today?  

Legislation is under consideration that would provide legal protection for software developers (rapidly moving to AI).  Does AI care about human trafficking?  Catholic Priests do, as should any decent human being.

Just as elected officials do not care what the public thinks, corporate executives and their investment sponsors care not about the customer, internal or external  I saw it first hand at several healthcare companies. 

Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one and for that so many suffer.  

IMF Nominee is PEU

Trump II nominated Rebekah Jurata for U.S. Executive Director of the International Monetary Fund (IMF).  Jurata is currently General Counsel for the American Investment Council, the private equity underwriter (PEU) lobbying organization (formerly named the Private Equity Growth Capital Council).

Turn over a rock in Washington, D.C. and one is liable to find a tax hating PEU.

 Trump II also nominated a tax attorney who represents investment firms for a key IRS position.

President Trump has chosen James Gadwood, a tax attorney who has represented energy companies, hospitality companies and investment firms, to be the top lawyer at the Internal Revenue Service and Assistant General Counsel in the Department of the Treasury.

Things just keep getting sweeter for the greed and leverage boys as their kind are likely further embedded in the IMF and IRS!

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

Fishback to Pay Greenlight's Attorney Fees

A judge ruled that James Fishback, current candidate for Florida Governor and former temporary Fed governor candidate, must pay his former employer's attorney fees/costs, roughly $1.3 million.  

Greenlight Capital sued Fishback for violations of their employment contract and had been awarded $229,000 in damages as a result of confidentiality breaches.  The firm had U.S. Marshals seize James' assets to fulfill that obligation. 

Fishback gave up his Azoria stock and trustees for two of Azoria's funds voted to liquidate as a result of James' behavior.  

James Fishback, a former DOGE advisor, is part of the nest of vipers that slither through Trump II's White House and the confines of Mar-a-Lago.  Fortunately, Trump's pardon power does not apply to civil judgements.

That said, MAGA can throw big money at connected insiders.  The question is this.  Has James Fishback dropped to Rudy Guiliani levels within the political Red Team?

Watch Fishback's next moves.  They will be instructive.  

The Hollowing: Part Trois

Private equity underwriters (PEU) have long leveraged political connections to make big money off Uncle Sam's wallet.  TechGods noticed and abandoned their Libertarian leanings to support Trump II's orgy of greed.  Put all that together and we have the new U.S. state sponsored enterprise.

The people of Albania recognize a crap sandwich when placed before them.  They do not want their natural resources apportioned for the super rich, the aforementioned PEUs and TechGods.  Thus, they want a new government.  A Guardian story described the revolt as:

a spasm of disgust over the perceived excesses of "a rotten oligarchic class"

Not so, here at home where politicians Red & Blue love PEU and their new TechGod brethren.  The Undersecretary of War founded Cerberus Capital.  The Secretary of Army ran Flex Capital.  

Trump's older boys scattered their equity seeds across the defense industry landscape and Pete Hegseth's Department of War is personally doing the watering with his alcohol tainted urine.  

The Trump's contempt for basic ethical norms, practices and requirements could not be more clear.  Jared Kushner's financial disclosure is months past the deadline.  His last filing was in early 2021.  Jared's father has been able to submit three since his ambassador appointment under Trump II.

The federal government has gone from writing tax/other laws preferential to PEU's and spending money on products/services provided by PEU affiliates to providing capital for equity stakes in specific enterprises.  

Elected officials have funded this boondoggle via debt for decades and Trump II is spending like there is no tomorrow.  I expect the insatiable PEU boys and their disfigured TechGod twins to win again here in the U.S.  

That said, I can cheer loudly for the Albanians in their fight against Affinity Partners and Atlantic Incubation Partners.  Three cheers for the Pink Flamingo revolution.  Yay, yay, yay!!!

Update 6-30-26:   The reach of TechGods and insiders is vast and ceaseless:

Update 7-10-26:  Peter Atwater summed it up.

Today, the greatest power in America rests with those whose strident tone is now paired with absolute ridiculousness. Put simply, what is now on offer is truly beyond belief. Moreover, it is in everything that matters: American culture, politics, and finance. Our Attention Economy has been taken to its extreme. People are shouting nonsense and no one even blinks. 

But that doesn’t mean it isn’t nonsense. Think Adam Neumann, Trevor Milton, Sam Bankman-Fried. Their stories were always nonsense. And the same was true of Michael Saylor. Circus barkers always yell whatever they have to draw a crowd. When the goal is attention – especially when paired with the loyalty, money, and power that now comes with it – truthfulness doesn’t enter the equation.

Without truth, it's insanity or in the case of Trump II, irreality.

The Hollowing: Part Deux

Yesterday I posted a piece on "societal permission" for TechGods to create an economy without working people.  Those pesky employees actually give feedback when their workplace turns into a sci-fi nightmare.

As part of Zuckerberg’s all-in AI push, Meta announced it would fire ten percent of its workforce, or nearly 8,000 employees, leaving many uncertain about their future. The company is also demanding that employees produce more than ever by using AI agents and coding tools as much as possible, with AI usage now a factor in performance reviews.

People can only take so much and the lopsided deal has gone on for far too long. 

Insatiable TechGods copied the private equity underwriter (PEU) playbook which pushes incapable technology as a replacement for headcount reduction.  PEUs have a long history of crapifying workplaces and decreasing product/service quality. 

Disabled people can wait to get their motorized wheelchairs fixed and water for AI should be prioritized over "baseline human comfort."

Of course Bezos is talking his own book.  If its water you want Jeff, there are oceans all around.  I'm sure you have a great view of it from your Miami penthouse.  

In West Texas you can have all the frac water you want.  Technology exists for desalination and detoxifying produced water from oil wells.  Apply that intelligence to Prometheus' cooling resources needs.

Better yet, Jeff, use that intelligence to stop Amazon related scams.  

Here's a sci-fi nightmare.  

A driverless car stalks a 76 year old woman as she is funding her granddaughter's child harm lawsuit against Meta, facebook's owner. 

The car's onboard computer posts a scam AI video to the woman's facebook account.  It's an AI fake of Bill Gates pushing a dementia curing supplement based on honey from Turkey/Nepal.  The woman buys the product as she has experienced more confusion of late.  

The product arrives within its one hour promised delivery time.  No signature is required so the driver rings the doorbell and leaves the package on the front doormat.  The driverless car monitors the woman's Ring camera as it waits for the woman to come to the door.  It revs the engine, drops into gear and floors the gas.  After bending over to pick up the package the woman sees the approaching vehicle and turns to run into her home.  

Her storm door is heavy and she struggles to get it open.  In a panic she tosses the package at the driverless car.  A chip with the tiny gyroscope inside the package voids the woman's product warranty as this major movement occurred post delivery.

The driverless vehicle shifts into "off-road" mode which elevates the undercarriage giving it greater ground clearance.  It climbs her two level brick stairs and slams into the back of her legs.  Bricks shatter, the door frame collapses and the woman is pinned under the vehicle, which shifts out of "off-road" mode, increasing the weight on her chest.  Unable to breathe, she is dead within minutes.  The driverless car sends a message to the entity that gave it the assignment.   

Meta's defense attorneys jack up the motions driving up the cost of the granddaughter's lawsuit.  Their aim is make it so expensive for the plaintiff that they cannot afford to proceed with the 76 year old woman's money tied up in the estate.  In the meantime, Meta executives are working on a law that would exempt social media providers from child harm lawsuits.

That's one less person needing cooling resources for baseline human comfort, the new TechGod name for potable water.  

And these are the people elected officials cater to?  Sickening.

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

Update 6-30-26:   The reach of TechGods and insiders is vast and ceaseless:

The Hollowing: TechGod's AI Warning

Microsoft CEO Satya Nadella stated:   

"There is no societal permission for an AI future that hollows out entire industries."

This is fifteen years after a former major business reporter wrote:

There are very few people out there who will talk and write honestly about private equity. I know from personal experience that the financial press is so eager to break news on "deals" that reporters (who are increasingly compensated on the number of "market moving stories" they write) can't afford to be critical of Carlyle, KKR and Blackstone, and risk losing access to people at those firms.

I have seen so many people -- particularly those in their 50s - 70s -- taken apart by what has happened in their industry as greed has hollowed out the economy. These are people took pride in their jobs and held themselves to this invisible standard that we all just took for granted, but is being wiped out.

Private equity underwriters (PEU) were later joined by TechGods in leveraging political influence and tapping Uncle Sam's wallet.  

Together they are behind the data center boom that is impacting many of the very areas private equity previously hollowed out.  Below is one example:

The United States Army has conditionally selected Carlyle Group and CyrusOne to enter exclusive negotiations to develop and operate hyperscale data centers on Army installations, marking a significant step in expanding artificial intelligence and digital infrastructure capabilities. 

The projects will be located at Fort Bliss and Dugway Proving Ground, spanning approximately 1,384 acres and 1,201 acres, respectively. Under the arrangement, the selected firms will finance, build, operate, maintain, and eventually decommission the facilities on underutilized Army land, with no upfront cost to taxpayers.

Army Secretary Dan Driscoll is a former PEU with Flex Capital. 

The Carlyle Group is returning to a heavy focus on defense contractors calling the space "unlimited."  Carlyle cut its teeth flipping defense contractors and is ecstatic about the new global phenomenon of war making.

The Army poisoned thousands of sheep in Utah from a nerve gas test gone wrong at Dugway Proving Ground in 1968.  A nozzle failure was cited at the cause.  

Should nearby residents be concerned about error filled AI coming to Dugway?  How about Fort Bliss which not long ago closed the airspace over El Paso due to invading drones?  

No one gave permission for the PEU hollowing out of the U.S. economy, yet it happened anyway.  Part II is being facilitated by a hand's off Congress and an enabling Chief Executive.  Trump II recently said:

"The one that they're crazy about is AI. So if you want to say one thing, AI, and just hope that it works. You better hope!"

"Hope that it works,"  I believe we have Trump II's campaign slogan for 2028. 

Update:  "They beat their plowshares into swords and garbage AI turned their brains into mush, all so billionaires could become trillionaires."

Here endeth the lesson.

Update 6-22-26:  

Futurism reported on a Harvard Business Review study:

Companies that went all-in on using generative AI tools are developing a major “workslop” problem. 

...over-relying on AI can prove disastrous for organizational knowledge, the critical business insights companies need to make strategic decisions. The phenomenon, dubbed “knowledge decay,” describes the deterioration of information over time, marked by workers forgetting skills and organizations relying on outdated processes. 

In the context of AI, it can be a dangerous downward spiral that starts with workers using AI to produce low-quality work, which wastes colleagues’ time, erodes trust, and gradually sloppifies organizational knowledge into worthless soup. 

Multiply that by entire departments, and a business’s outputs start to crumble as well.

I expect TechGods to blame their abject product failures on workers and a society that would not give them permission.  

Accountability disappears under AI, the tinker toy of TechGods, PEUs and political insiders.  

Update 6-30-26:   The reach of TechGods and insiders is vast and ceaseless:

AI Defends Corporate Ownership Error

It's common for AI to put out inaccurate information and it did so once again regarding Humana's percentage ownership of Gentiva Hospice, which it is finally ditching.  

I asked Gemini why their AI  published the wrong percentage and it told me I was confusing Humana's 40% equity stake with Gentiva's operating in 35 states.  Who knew Gemini wrote comedy?  I did have a hearty laugh, albeit at Gemini's expense.

For over two years Humana's 10-K has clearly stated the company owned approximately 35% of Gentiva Hospice.  40% is a historical figure from their deal with TPG and Welsh, Carson, Anderson & Stowe (WCAS).  It also was the original percentage when Humana sold 60% of Gentiva to Clayton, Dubilier & Rice (CDR) in August 2022. 

A Humana 10-K filing stated "at December 31, 2023 we owned approximately 35%."  That 35% has remained constant for fiscal years ended December 2024 and 2025.

Gemini wrote that Humana's recent press release stated this 40% figure.  Google could not find that in the actual press release, which only state "minority interest."

AI cited Hospice News as its source.  Therein lies the problem.  That publication has been a longtime disappointment for hospice workers wanting some help in challenging greedy management.  

Private equity underwriters (PEU) found hospice long ago and have been playing an accumulation/spinoff/IPO game   I lived it at Gentiva after Humana et al bought Kindred at Home in June 2018.  It was highly distasteful, even cruel.  

Politicians Red & Blue love PEU and their TechGod brethren, who together bring us garbage AI, hyperscale data centers and an inattention to actual feedback.  The little people are supposed to take what they give us.  

Therefore, I must apologize to Gemini for mixing up the 40% ownership number from 2022 with the number of states Gentiva operates within.  I promise to forget the more up to date information in Humana's SEC filings.  Now, doesn't everyone feel better in our new irreality?    

This situation is not a runaway Waymo vehicle or targeting a girl's school on day 1 of Trump II's disastrous war with Iran, but it does not lead me to use AI again.  And for that I am truly grateful.

Jared Kushner to Disrupt Pink Flamingos

Jared Kushner's Albanian luxury resort, located in the middle of a wildlife refuge, has garnered public outrage amongst the common folk who are tired of corruption.  Kushner's development is under the Affinity Partners umbrella and specifically under the corporate entity:  Atlantic Incubation Partners.  

Atlantic Incubation Partners also drew the ire of the Serbian public for a planned project in Belgrade.

Closer to home Kushner's only SEC listing is for QXO, an Affinity Partners affiliate.  The building materials giant is an aggressive roll up of manufacturers and distributors.   

Their most recent proxy statements sheds light on the complexity of private equity underwriting (PEU) at Affinity Partners.  Jared controls 32 million shares in QXO and the footnote on page 24 states

Consists of (i) 12,111 RSUs that are expected to vest within 60 days of the Record Date and (ii) Mr. Kushner’s indirect beneficial ownership of 32,686,065 shares of our common stock, which is comprised of (a) 14,523 shares of our common stock beneficially owned by Atlantic Partners Splitter LLC, an entity controlled by Mr. Kushner, (b) 16,247,069 shares of our common stock beneficially owned by Affinity Partners Parallel Fund I LP (“Parallel Fund I”), (c) 164,310 shares of our common stock beneficially owned by Affinity Partners Fund I LP (“Fund I”), and (d) 16,260,163 shares of our common stock beneficially owned by Affinity QXO 1 LLC (“Affinity QXO”). Affinity QXO is owned by Fund I, Parallel Fund I, Affinity Partners Fund I Co-Invest Delta LP (“Delta”), Affinity Partners Fund I Co-Invest Delta II LP (“Delta II”), Affinity Partners Fund I Co-Invest Sigma LP (“Sigma”), and Affinity Partners Fund I Co-Invest Sigma II LP (“Sigma II”, and together with the other owners of Affinity QXO, the “Affinity Funds”). Affinity Partners GP LP (“GP”) is the General Partner of Fund I and Parallel Fund I, and Affinity Partners Fund I Co-Invest GP LP (“Co-Invest GP”) is the general partner of Delta, Delta II, Sigma and Sigma II. A Fin Management LLC (“A Fin”) is the investment manager of GP and the Affinity Funds. Mr. Kushner is the Chief Executive Officer of A Fin and the controlling owner of GP and Co-Invest GP. Mr. Kushner may be deemed to share voting and dispositive power over all such shares. Mr. Kushner disclaims beneficial ownership over all such shares.

PEUs expect affiliates to do business with other affiliates, regardless of quality or price.  So look for some new QXO rollup to provide construction products to Atlantic Incubation Partners, be it Serbia, Albania or elsewhere.  

Kushner, like Trump II, is birthing more $ billions, every second of every minute of every hour of every day.   It's a byproduct of insider connections and obscene levels of wealth.  Both need to be broken.

Politicians Red & Blue love PEU and their TechGod brethren.  Increasingly, more are one and for that the regular people and wildlife suffer, especially those dancing at the Pink Flamingo.  

May the Pink Flamingo revolution in Albania prevail.  

Note:  My apologies to the real Jared who held a fundraiser for testicular cancer at the Pink Flamingo.  

Trump II Ballroom Price Rises 200% in Less than a Year

Trump II's ballroom cost $200 million in July 2025 and the project was completely funded by private donors.  It's now $600 million with the U.S. taxpayer picking up $300 million.

Trump II can flat out spend money.  His signature project rose 200%.  How much is cost inflation vs. egotistical machinations?  

TechGods and private equity underwriters (PEU) hate paying taxes.  Apparently, they also have a limit on donations.  I expect someday they will prefer predictable taxation vs. regular fundraising phone calls from the White House for pet project after pet project.  

Remember folks, Trump II loves inflation!

PEU-TechGod Connections Go Back

In June 2014 I wrote:

Economic power buys political power, which then sets favorable rules and telegraphs money making opportunities for the already wealthy.

That year a secret group of private equity underwriters (PEU), TechGods, elected officials and members of the media attended Dialog, a tech focused Bilderberg Group like meeting put together by Peter Thiel.  It gathered 150 people to change the world. 

This information came from the Jeffrey Epstein files.

Lisa Randall sent her confidential invitation to Epstein for advice on attending, asking "Is this worthwhile?"

Epstein responded with "sundance is nice  ,,  go"

Randall replied "So let me understand.  You are suggesting tourism?"

The message made it clear the invitation was not transferrable and shared:

"the invite is only for Lisa Randall and is not transferable as we are limited to only 150 participants. There are no sponsors. We increase the retreat fee weekly to reward the people that sign up early. And this retreat is 100% off-the-record. /"

A second contact regarding the meeting came from Ian Osborne.  Ian forwarded his invitation from Auren Hoffman to Epstein with the following comment:

"Same shit.  Peter doesn't even attend.  I will tell him that they should stop them from using his name."

Ian got on the list per a recommendation from TechGod Chamath Palibapitiya. 

Epstein tried to work up dinners with Ian Osborne and Peter Thiel.  It's not clear if he sandwiched such an occasion in between meeting with Ehud Barak and Leon Black.  Very private, no agenda.

Politicians Red & Blue love PEU and their TechGod brethren.  Increasingly, more are one.  What was disturbing twelve years ago is systemic today.   

The Carlyle Group located in Washington, D.C. in 1987 because its founders understood the highly profitable connection to political power.  TechGods did likewise as Trump II ran for his second term.  

Dialog may now own D.C. area real estate to continue their "150 people changing the world"  meetings.  How does a secret society end up owning real estate big enough to host at least 150 people and conduct multiple breakout sessions?  It does so when those people are billionaires and aim to become trillionaires.

Update 6-18-26:  Forbes ran a story on the PEU/TechGod participants in Dialog.  Affinity Partners Jared Kushner is another Dialog insider.  They even used "like a Bilderberg meeting with a Silicon Valley twist."  

Has Forbes never seen Bilderberg's Steering Committee membership list?  It has long included Peter Thiel, Eric Schmidt and Alex Karp.  TechGods cut their teeth protecting global tamperers.  And now, they are one.

Bilderberg 2026 occurred in April in Washington, D.C.  The usual PEUs showed, Henry Kravis (KKR), Peter Orszag (Lazard) and Ali Koc (Koc Holdings)

Not everyone is enamored with the Bilderberg - Dialog insider plotting soirees.  Some have the courage to not go and call them out.

Dominari's SpaceX Fund: Open and Closed

The Trump Boys had another winning week.  Don Jr. and Eric each hold nearly 1.2 million shares in Dominari Holdings and serve on the firm's Advisory Board.

A Dominari press release detailed how the firm participated in the SpaceX stock rocket launch.

Dominari Securities LLC, a wholly owned subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH), is pleased to announce the successful launch and closing of the American Ventures Opportunity QP Series IV – SpaceX Fund, (hereinafter, the "Fund"). 

The Fund successfully raised approximately $200,000,000.00 from qualified investors and deployed that capital to directly acquire 1,481,481 IPO shares of SpaceX at a price of $135.00 per share in what the Wall Street Journal called the smoothest IPO in recent history, as well as the largest IPO ever. Unlike many other banks that received little or no IPO share allocation, Dominari's allocation was significant, marking another milestone in the firm's private markets platform. 

In addition, Dominari and its affiliates had previously completed eight (8) pre-IPO investment rounds in both SpaceX and xAI, representing an aggregate investment of approximately $50,000,000.00, in addition to the approximate $200,000,000.00 raised in the IPO. The carried interest from these investments may eventually exceed $40,000,000.00 for Dominari and underscores the firm's ability to consistently source, structure, and execute differentiated private market opportunities.

Not only did Dominari have the gravitas to get in SpaceX when it was private, it garnered a significant allocation of the oversubscribed IPO.  

How many different ways will the boys profit from Dad's executive branch priorities?  Let someone please count the ways.

"Trump Turns 80" Event to Pay UFC Fighters with His USD1

The Guardian reported:

The Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday. 

The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property.

The article should say "further connects" Trump family financial interests given the already announced Trump designed commemorative gold and silver coins for that very same event.  The Trump Coins small print says "resale is strictly prohibited."

Back to World Liberty, founded by Trump II and his sons.  

Good luck to the fighters who get big USD1 paydays.  I challenge them to spend their haul as they would a real greenback.

It's the Co-founder Emeritus' dollar imitator.  

"In my experience, what is real are the things that are still there, even after you stop believing in them."

Trump II has replaced White House ethics with depositable "checks" and financial statement "balances."  As paid fighters add to their accounts so will the wider co-founding Trump family.  Does this make them moneychangers?

Update 6-15-26:  Trump's birthday rally is over and one winning fighter was so excited about getting his USD1 bonus he yelled "Michelle Obama is a man."  Next Trump rally?  July 4th on the National Mall.  Everything is turning to garbage.  

Premiere TechGod Elon Musk

TechGod Peter Thiel posted an homage to fellow TechGod Elon Musk as our world christened its first trillionaire.  I took the liberty of adapting it.

These self made, libertarian TechGods from South Africa did what few Americans have done, enrich themselves obscenely while destroying key democratic and societal foundations.

Trump II gave TechGods their own bank when his administration approved a bank charter for Erebor Bank.  Ordinary people cannot sign up.

The Virginia Declaration of Rights, written by Thomas Jefferson, included:

That no free government, or the blessings of liberty, can be preserved to any people but by a firm adherence to justice, moderation, temperance, frugality, and virtue and by frequent recurrence to fundamental principles.

TechGods destroyed wage structures in various industries with their overuse of gig workers.  They harmed children by facilitating contact from sexual predators and having their AI bots suggest self mutilation and suicide.  

Founders Fund is not Founding Father no matter how hard Peter Thiel tries.  The idealistic younger Jefferson turned into a leveraged CEO when he used his slaves as collateral for a loan.

Ordinary people can become extraordinarily rich on the backs of ordinary people.  It's a story as old as the founding of our nation from European migrants.

Before Elon Musk, there was Jakob Fugger.  Europeana reported:

The Fuggers were one of the most influential families of the era. Jakob 'the Rich' is considered one of the wealthiest individuals in history, with an estimated fortune equivalent to 400 billion euros today. With this great wealth came great power.

Fugger owned mines, a currently hot area for investment.  Who knows maybe an IPO or two would have gotten Jakob over the Elon mark?  

One of Europe's wealthiest families, the Fuggers created kings, gave life to cities and led to a split within the Church.

Elon financed Trump II's return to the White House.

Musk's mother has Switzerland in her family tree while Fugger was German.  While not related in kin, the two men shared a title of "richest man."

Due to the Fuggers’ industrial activities, people flocked to Schwaz, making it the largest mining metropolis in the world in the first half of the 16th century. 

The population boomed, which meant that the parish church in Schwaz had to be enlarged. A brick wall in the central aisle was built to separate miners from wealthier individuals.

The separation of the ordinary from the extraordinarily wealthy continues today in the houses of TechGods.  Elon's home in Austin, Texas is gated.  Austin allows 6 foot fences with setbacks.  Elon built one more than twice that height on the property line.

The current 16.5-foot fence was installed sans (without the required) permit, an oversight from the property manager at the time of its installation.

A neighbor does not consider the property a home.

....slammed the property's use as security as opposed to a residence, alleging there is around-the-clock shift changes, employees coming and going from the property at all hours, excess trash cans and blockage of the roadway for staff coming and going on site. "They think they own the world," the gentleman said, adding the tall metal gate utilized as the employee entrance to the property better resembles a fortress and not a single-family residence.

Remember the Virginia call in 1776 for justice, moderation, temperance, frugality, and virtue.  It's nowhere to be seen in our world where politicians Red & Blue love PEU (private equity underwriters) and their new TechGod brethren.  Increasingly, more are one.  

The neighbor chastised Musk for being guilty of building things and then asking for permission, and forgiveness, later.

Their deals get better and better while ours deteriorate.  It's sad when regular millionaires don't stand a chance.

I'll close with another right expressed by Virginians in 1776:

That general warrants, whereby an officer or messenger may be commanded to search suspected places without evidence of a fact committed, or to seize any person or persons not named, or whose offense is not particularly described and supported by evidence, are grievous and oppressive and ought not to be granted.

TechGods tag teamed with Uncle Sam to turn our country into an endemic spying state.  TechGods get the money while the government gets the information.  They grieve and oppress us.  Frankly, it's extraordinary in scale and scope, as is their wealth. 

Elon and Peter, modern day brother Fuggers.

Bank of TechGods to Donate 2 Hours Community Service per Year

Erebor Bank, the bank of, by and for TechGods, has a distinctly unfriendly website as no information is provided about the bank's services or how to sign up.  However, it does have a "sign in" button for people who already have accounts with the bank.

I found Erebor's three year strategic plan relative to the Community Reinvestment Act.  It showed:

Erebor Bank, National Association (the “Bank”), is a de novo national bank chartered by the Office of the Comptroller of the Currency (“OCC”) and granted deposit insurance by the Federal Deposit Insurance Corporation on February 6, 2026. The Bank’s mission is to address gaps in the banking sector by developing banking products and services focused on serving the innovation economy on a national scale. The Bank is organized as a national banking association with its main office located in Columbus, Ohio and administrative offices in New York, New York and Newport Beach, California. The Bank will not operate any physical branches. 

As a federally insured depository institution, the Bank is subject to the Community Reinvestment Act (“CRA”). Enacted by Congress in 1977, the CRA requires regulated financial institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income (“LMI”) neighborhoods, consistent with safe and sound operations. The OCC, as the Bank’s primary federal regulator, is responsible for assessing the Bank’s record of meeting its obligations under the CRA.

1.2. Bank Profile 

The Bank’s products and services are focused on supporting the innovation economy including technology companies focused on virtual currencies, artificial intelligence, defense, and manufacturing as well as payment service providers, investment funds and trading firms (e.g., registered investment advisers, broker-dealers, proprietary trading firms, and futures commission merchants). The Bank also serves select individual consumers who work for, or invest, in such companies, and provide certain deposit and payment services to qualifying foreign banking organizations. The Bank offers credit products; deposit products; stablecoin-related services; and other services including data processing, treasury management, credit card issuance through bank-partnership arrangements, and payments services. The Bank does not provide any fiduciary custody activities. 

1.3. Commitment to CRA 

The Bank is committed to supporting the credit and community development needs of its Assessment Area through community development loans and qualified investments, community development grants and donations, and community development services. These commitments reflect the goals and performance standards established in this Plan and will be carried out in a manner consistent with safe and sound banking practices and the objectives of the CRA. 

Columbus residents in low to moderate income neighborhoods are shut out from using Erebor's services.  It serves TechGods, major and minor.

Erebor Bank is not a retail institution and does not seek to serve the general consumer market. Its services are strictly curated for high-net-worth individuals, venture-backed startups, and institutional investors within the innovation economy. The bank targets a small number of relationship-dense, high-balance clients rather than pursuing mass-market scale. This selectivity allows relationship managers to provide high-touch service and technical underwriting that broader commercial banks cannot replicate.

The primary sectors served by Erebor include defense technology, robotics, artificial intelligence, and advanced manufacturing. Potential clients often have complex operational needs, such as firms building AI-powered factories or aerospace companies conducting low-gravity pharmaceutical production. These firms frequently hold assets that traditional banks struggle to value, such as specialized machine tools for high-precision components or inventories of advanced AI chips. 

Additionally, the bank is a destination for virtual currency participants and crypto-native firms that require a regulated banking partner. Because the bank internalizes its blockchain capabilities, it can serve companies that need to settle payments on-chain or move treasury funds between fiat and digital asset rails without relying on third-party middleware. This makes it particularly relevant for founders and executives who are deeply integrated into the Web3 ecosystem but require the stability of an FDIC-insured national bank.

Erebor has offices in New York City and Newport Beach, California but those areas were left out of their community impact plans.  Goals #1 and #2 relate to community development loans and assets.

Goal #3 is dollars given via grants or donations on an annual basis, while Goal #4 is hours donated toward community service. also annually.

TechGod clients want an Uncle Sam backstop and will offer minimal community service commitments to obtain them.  This should not be a surprise to those who've watched the interplay between Silicon Valley and Washington, D.C.  

TechGod Peter Thiel threw gasoline on the fire that consumed Silicon Valley Bank (bank run), yet all TechGods were made whole as the FDIC waived the maximum insurance amount on accounts.

Thiel backed Erebor, which was founded by Palmer Luckey as Anduril needed banking services.

Lucky aims to become a major TechGod of War after creating winning virtual reality headsets.  It seems fitting that Palmer would bring virtual reality to banking, given how artificial nearly everything is nowadays, absurd equity valuations, hidden debt and circular financing via multiple LLCs.

Palmer even merged Atticus Digital into Erebor at its founding.  SACRA reported:

Erebor also has a wholly owned subsidiary, Atticus Digital, Inc., which was merged into the bank structure at opening

Many of  Erebor's investors backed Atticus, which facilitated the combination like Elon combines companies.  

TechGods are an incestuous, non-arm's length group who have found Uncle Sam's wallet and attached themselves firmly.  Most of their projects are highly subsidized by federal, state and local government incentives.  Insurance for risky banks accounts is but the latest example of their parasitic existence.  

Pestilence, the gift of our voracious TechGods.  And they will take all they can like a plague of locusts.  After they have eaten the U.S. economy they will move on.  Will it be Middle Earth, Mars or Beyond?