"For more than 180 years, the Smithsonian has served the American public with nonpartisan and independent scholarship, and we remain committed to doing so.”Former President Joe Biden called the Washington Monument "the Rubenstein" after the Carlyle Group co-founder donated funds for its restoration.
Monday, July 6, 2026
Trump's PEU Nemesis
Friday, May 15, 2026
Trump II Traded TechGods & PEUs
Trump II's financial disclosure indicated millions in stock trades in the first quarter of 2026. He bought and sold shares in private equity underwriters (PEU). They include:
- Apollo Global Management
- Blackstone, Blackstone Secured Lending, Blackstone MTG TR Inc. REIT & Invitation Homes
- Blue Owl
- Carlyle Group
- KKR
- Apple
- Amazon
- Alphabet
- Broadcom
- Intel
- Meta
- Microsoft
- NVIDIA
- Oracle
- Palantir
The filing shows gobs of trades on 2-23-26.
Trump II and Bibi Netanyahu attacked Iran five days later. That conflict remains unresolved. Trump II alternates from "needing help to resolve it" to not needing any.
Lurch, he does.
Trump II loves PEU and their new TechGod/CryptoBro brethren. He loves them so much they are in and out of his portfolio.
Trump II loves them, he loves them not. He loves them a little and then something happens. He really loves them NOT.
Update 5-16-26: Anyone with Trump Discernment Skills (TDS) can see this as his latest egregious, grand, in-your-face violation of historical norms within top political leadership.
Previous presidents divested assets or took other steps to avoid conflicts of interest or even the appearance of ethical issues while in office.Trump II is a alone in his own ethical ether:
Federal law only required officeholders to report transactions involving securities after the passage of the STOCK Act in 2012, which strengthened disclosure requirements for executive branch officials and members of Congress.
Neither former President Barack Obama, whose money was invested in Treasury bills and broadly diversified mutual funds, nor Joe Biden traded stocks or bonds while in office. Trump is the first president who triggered the disclosure requirement.
There is no conflict of interest according to White House officials as the concept has gone the way of race in Crackerland. Neither one exists anymore in Trump world, the place where liars cheat and cheaters lie.
Trump usurped the White House to further his business at every possible turn.
Tuesday, May 5, 2026
Milken Conference Midway
Friday, April 3, 2026
Carlyle Co-Founder Power100 Honoree
Power100 is proud to announce a featured fireside chat at the 2026 Power100 Honoree Dinner with David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group and host of Bloomberg Presents: The David Rubenstein Show. The conversation will be led by Ken Kencel, Chief Executive Officer of Churchill Asset Management.
The Power100 Honoree Dinner will take place on May 3, 2026, at the Beverly Wilshire, A Four Seasons Hotel. The dinner is invite-only and attended by a curated group of leaders from across the investment ecosystem who gather to reflect, connect, and emerge as a collective force in shaping the investment management industry.
Each year, the event is oversubscribed and attended by more than 150 allocators and consultants overseeing collectively over $10 trillion in assets. Yet the numbers only begin to tell the story. What truly defines the room is the convergence of intellect, resilience, and vision demonstrated by the allocators, asset managers, advisors, and industry leaders who participate in the weekend's events.
The last time Rubenstein and Ken Kencel appeared in PEUReport was in regard to Elle Rubenstein's implosion as a board member for the Alaska Permanent Fund titled "PEU Arrogance Beyond Comprehension: Alaska Big."
Since then another Rubenstein daughter, Alexa, started Hobe Mountain Partners in Palm Beach, Florida. Hobe Mountain is a spin off from Dad's Declaration Partners, his home office and Carlyle Group conflict of interest.
Ken Kencel left Carlyle during a turbulent time (leadership turnover) but remains a friend and admirer of Mr. Rubenstein. Power100 included a picture of Rubenstein with President Joe Biden. Biden stayed at Rubenstein's Nantucket estate over Thanksgiving for many years (over a decade).
Remember who else loves private equity underwriters (PEU)? Our curated group of elected officials, politicians Red & Blue. They have the intellect, resilience and vision to keep supporting the greed and leverage boys to the detriment of the common person.
Monday, March 30, 2026
Trump's Iran War: March Good to Two Generals
Face the Nation interviewed General Frank MacKenzie regarding Trump II's war of choice on Iran. I searched for any private equity ties. General MacKenzie added two new jobs since Trump II attacked Iran on Saturday, February 28th (other than his recent naming as President of The Citadel).
WestExec Advisors added MacKenzie as Principal on March 12th, while Teneo announced MacKenzie's Senior Advisor role on March 27th. Another general, James Hecker, was added to the same two firms in the same roles as MacKenzie.
Saturday, February 28, 2026
Trump's Hostile Takeover of Iran Underway
Trump II's pursuit of global assets expanded greatly this morning with the latest U.S./Israeli attack on Iran. Trump overloaded the region with military might and decided to use it in the midst of negotiating with Iran over a program he obliterated. He did virtually the same thing last June, attack mid-negotiation.
Donning a USA golf cap Trump II announced his goals for the war this morning from Mara-Lago, Florida's new Wall Street where the deals keep on coming.
Trump II posted the video on his Truth Social account. It has a George W. Bush/John McCain feel to it. Our bombing makes others free. Ask the Iraqis or the Libyans how that worked.
There is nothing on the official White House website about the attack on Iran (under "News"), so Truth Social has the exclusive video. What a media win for the possible spin-off!
Trump expects citizens sheltering in place to leave their doors, pick up the pieces and takeover the government when he is done violating their country. Just as in Venezuela, Trump II will decide who leads, not the Iranian people.
Trump II's envoys, Jared Kushner (Affinity Partners) and Steve Witkoff (The Witkoff Group) are skilled in the art of the hostile takeover as private equity underwriters (PEU). Iran has many desirable assets and western economic powers want in (PEUs and TechGods). Recall that PEUs stack the Board of Peace (Pieces of Eight) where Trump II is Chairman for Life.
The rapidly changing global political environment provides economic opportunity for the well placed.
Greed has its own siren call. Violence creates more violence. Destruction and killing are not empowerment.
Operation Epic Savage Whim is underway in conjunction with the USA's 51st state Israel.
Iranians see the taking of Gaza and the West Bank by Israel and Trump II.
Trump told Iran's military and police, total surrender or death. It had an Elon Musk "resign with pay or be DOGEd" feel to it. Which is the lesser of the two evils? Isn't that always the deal presented by Trump II, TechGods and/or PEUs to the little people?
The Iranian people will decide. Given Trump is the most aloof of our recent Presidential "regime changers" (W., Obama and now the Donarch) I'll be shocked if they erect a giant statue of Trump in the middle of Tehran. However, Jared's "New Iran" promo video may show one.
Lord, hear our prayer. Watch over and protect those in harm's way because of greedy, impulsive leaders. God bless us all. Help us Lord, survive their savage whims.
Update: Truth Social's video post is now nine hours old. Trump II also posted it on Elon Musk's X, formerly Twitter.
“What will we get for bombing Syria besides more debt and a possible long term conflict? Obama needs Congressional approval,” Trump tweeted in August 2013.
...the Country has been, in only one day, very much destroyed and, even, obliterated. The heavy and pinpoint bombing, however, will continue, uninterrupted throughout the week or, as long as necessary to achieve our objective of PEACE THROUGHOUT THE MIDDLE EAST AND, INDEED, THE WORLD!
So exactly when are the Iranians to come out of their homes and join with surrendered military and police forces? The heavy hand of willful destruction, uninterrupted throughout the week, is the very antithesis of peace.
Trump II wants fealty and an ever growing net worth. His PEU/TechGod sponsors want access to markets and more of Uncle Sam's wallet and government protections.
Update: Bombs killed Iran's Supreme Leader Khamenei. That's one way to oust a Chief Executive.
Update 3-1-26: Pope Leo XIV offered:
"Stability and peace are not achieved through mutual threats, nor through the use of weapons, which sow destruction, suffering, and death, but only through reasonable, sincere, and responsible dialogue."Trump II does not do the latter.
Admiral James Stavridis, the former supreme allied commander of NATO and a vice chair at Carlyle, told Semafor last year that a postwar Iran could be “the big investment opportunity in the Middle East.” An educated population of 90 million people with good demographic trends and a strong national culture — “they believe in themselves as Persians,” he said — could “look like the reconstruction of the Korean peninsula after the end of the Korean War.”TechGods and PEUs want to profit from the war as well as its aftermath.
“We’re going to bring them back to the Stone Age where they belong,” the U.S. president said. “Regime change was not our goal. We never said regime change. But regime change has occurred.”The stone age quote was applied to Iraq before Iran. Trump said regime change on day 1 of his war of choice on Iran.
“Tonight I’m making a little speech at 9 o’clock, and basically I’m gonna tell everybody how great I am,” Trump said at a White House Easter lunch this afternoon. “What a great job I’ve done. What a phenomenal job, what a phenomenal job I’ve done.”
Update 4-5-26: DOGE slashed staff at the Energy Department that would have helped the U.S. navigate tricky energy markets in the midst of Trump's/Netanayhu's war of opportunity on Iran.
Tuesday, January 6, 2026
Polymarket Wager on Maduro: Insider Trading Encouraged
Futurism reported:
....an unidentified user bet tens of thousands of dollars on various predictions that Venezuelan president Nicolás Maduro would be imminently “out” or that the US forces would show up “in Venezuela by” a specified date during the runup to the incursion.The account “existed for only one week and quickly became the biggest ‘yes’ holder in the Maduro out market,” Brody tweeted. The evidence of insider trading is compelling, to say the least, given the highly suspicious timing.The account invested over $30,000 less than two days before the United States launched its invasion to kidnap Maduro and his wife and “profited $400,000 in less than 24 hours,” as sports entrepreneur Joe Pompliano calculated in a post on Bluesky.“Seems pretty suspicious!” he added. “[Secretary of defense] Pete Hegseth making some beer money on the side?” Brody joked.“Insider trading is not only allowed on prediction markets; it’s encouraged,” Pompliano argued.
Polymarket may not care but federal employees have ethics standards they are required to meet. I imagine that $370,000 profit is taxable under federal law. Self reporting is required.
So who was the insider? Was it an insider's insider?
Polymarket, the world's largest predictions market, has received an investment from Donald Trump Jr.'s venture capital fund, 1789 Capital. Don Jr. also joined Polymarket's Advisory Board.Was the tip passed in the Executive Club, an exclusive high dollar club promoting access to Trump administration officials? Don Jr. and his 1789 Capital peers are owners of the Executive Club.
If it was a U.S. user Polymarket should know their identity:
The U.S. Requirement: Full Identity VerificationIf you are a “Polymarket Bro” based in the United States using the new regulated app, the rules are different. To comply with federal law and CFTC regulations:
Mandatory KYC: You must complete full identity verification before you can deposit a single dollar.What You’ll Need: Be prepared to provide your full name, date of birth, residential address, and your Social Security Number (SSN).Document Upload: You will likely need to provide a photo of a government-issued ID (Driver’s License or Passport).
I look forward to learning who the new account holder was. It would be rich if the insider knowledge profiteer was a Trump son, given the harangues delivered over Hunter Biden. Yes, that was part of Trump's whipping up the crowd five years ago on Jan. 6, 2021.
The political Red Team does double standard better than anyone. It's danged near perfection.
Friday, January 2, 2026
The Un-Revisable Donald Trump
Trump II, the digital Caligula, is undeterred in his efforts to turn the U.S. government into a money funnel for his family and friends. That means holding Congress for the Red Team in the 2026 midterms.
Blackstone Group co-founder Stephen Schwarzman has long been a Red Team political supporter. Private equity underwriters (PEU) have sponsored politicians of both stripes for decades, preferring to do so quietly, behind the scenes. Trump II added a new big money group to his side, TechGods.
TechGods are far brasher than PEUs (aka the greed and leverage boys). Never mind that their products harm children or have criminal early adopters. Meta had a policy that forgave child sex predators fifteen times. TechGods know that their federal immunity from criminal liability would be long gone based solely on public will.
PEUs have a similar benefit, highly unpopular with the American electorate. It's their preferred "carried interest" taxation which enables billionaires to pay lower tax rates on income than their secretary or gardener. Both political teams have run campaigns on eliminating this benefit, but can never get together to actually implement those promises.
In 2025 Trump II granted PEUs their wish to enter worker 401(k) retirement accounts. Retirees can now chose to invest in private equity, private credit and other alternative investments. One can now have a Bitcoin IRA.
Why should anyone put supposedly safe retirement money into a speculative cryptocurrency? It only makes sense if the U.S. economy is morphing into a giant casino. That leads us to a recent TechGod offering, prediction markets. They market user opinion as knowledge in order to avoid the stain of wagering. Nearly 80% of the public has no interest in using prediction markets.
Trump II is a salesman and is selling on behalf of TechGods (in addition to subsidizing them).
Only 38% think AI will improve health, whilst 36% think AI will improve the national economy, 31% see a positive impact on the job market, and 37% believe it will enhance their own jobs.The Trump boys are profiting far more directly from their father's executive orders and budgetary priorities than Hunter Biden ever did selling a few paintings and sitting on the Burisma board. Don Jr., Eric and Jared's take is in the billions in Year 1 of Trump II.
The New Year pump is on for $TRUMP now that Trump Billionaire Club game has launched. $TRUMP rose from $4.70 to over $5.00.
A Bloomberg columnist derided Trump II's impact on norms. I decry his impact on knowledge, which requires theory.
"One failure of a theory requires its modification" - Dr. W. Edwards Deming
Trump's irreality has him doubling down on false facts and nonsense narratives. He is incapable of revising his beliefs that have no basis in reality. As a wise physician once told me, "That person is refractory to learning."
Why should anyone care that our President is incapable of ingesting new information and revising his theories about the world as his mind is overloaded with hubris, greed and self aggrandizing? Because like attracts like. Because the President is a role model for youth
Trump is un-revisable. For most of us that requires endurance, awareness and naming that which is going on. Thus, having closed out a 2025 PEU Year, we enter 2026, the Year of the society harming TechGod.
Independent voters may have ditched Trump II, but the PEU boys and their TechGod brethren remain firm supporters. They have the money and technology to manipulate people and intend to do just that. Please revise your world view to incorporate this.
Update 5-19-26: The Guardian reported on harm being done to people via prediction markets:
Most gamblers lose money, and prediction markets are no different. Seven in 10 traders record losses on Polymarket, according to the Wall Street Journal, and a tiny percentage of accounts make 67% of profits. (Polymarket declined to comment on the journal’s numbers.) Kalshi told the journal that there were 2.9 unprofitable users for every profitable one in April.
Kalshi and Polymarket have powerful allies: Donald Trump Jr serves as an adviser to both, and Truth Social is developing its own prediction market called Truth Predict.
Friday, December 5, 2025
Sons of Donarchy Ride Into Another SPAC
Don Jr. and Eric Trump landed another Advisory Board position with New America Acquisition I Corp. The company just completed a $300 million IPO for the SPAC. The filing is dated 12-3-25.
Donald J. Trump Jr. has received an indirect interest in 2,000,000 founder shares through membership interests in our sponsor (New America Sponsor I LLC), Eric Trump has received an indirect interest in 3,000,000 founder shares through membership interests in our sponsor.
We will pay the representatives a cash fee for such services upon the consummation of our initial business combination in an amount of $15,000,000 or, if the underwriter’s over-allotment option is exercised in full, $17,250,000
Mr. McGurn, age 52, currently serves as the Chairman of the board of directors, Chief Executive Officer and Chief Financial Officer of New America Acquisition I Corp., a special purpose acquisition company, since July 2025. Mr. McGurn has also served as Chief Executive Officer of Yorkville Acquisition Corp., a special purpose acquisition company, since March 2025 and is a member of its board of directors.
Prior to then, Mr. McGurn most recently served as Vice President of Advertising Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms. Prior to that, from 2018 to 2023 he was President at Vevo LLC, a global music video platform jointly owned by Universal Music Group and Sony Music Entertainment, where he was responsible for monetization, sales strategy, and global partnerships. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice President of Advertising Sales at Hulu, where he helped to launch and scale the company’s ad-supported streaming business. He has also held an independent board role at Zype, Inc., a video infrastructure platform that was acquired by Backlight, a portfolio company of PSG Equity.
Mr. McGurn currently serves in an advisory capacity to Trump Media and Technology Group, supporting the company’s diligence and strategy around mergers and acquisitions, subscription video on demand (SVOD) and social networking platforms, including Truth+ and Truth Social. He is also a limited partner and strategic entrepreneurial advisor to Revel Partners, a venture capital firm focused on B2B SaaS and media innovation, and Alpine Meridian, a venture capital fund with investments across digital media and consumer technology. Mr. McGurn has cultivated extensive relationships across media, entertainment, technology, telecommunications, and music industries.
McGurn sounds like a private equity underwriter (PEU). His advisory work for Trump Media & Technology Group was announced in early August. Five days ago he offered this via a press release:
“CRO is a high-performance token, and Trump Media Group CRO Strategy, which will aggregate CRO, is poised to unlock significant value for shareholders,” said Kevin McGurn, CEO of Yorkville Acquisition Corp. “To capitalize on this opportunity, we need strong strategic partners in the industry and an experienced management team. We already had the partners; now we’ve added the team.”
McGrun is performing three major roles for New America Acquisition I, Chairman, Chief Executive Officer and Chief Financial Officer, according to their S-1. At some point SEC filings will reveal McGurn's pay for his five CEO, one Chairman and one CFO slots.
A sixth CEO role slipped out of his hands a year ago when his job at Triller was cancelled at the last minute.
The Trump boys are insiders cranking out deals faster than Hunter Biden can finish a painting. Kevin McGurn is an insider with multiple full time jobs while many people struggle to find one stinking job that pays enough to live.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and the sons shall be far richer than their fathers. These things, they do not want you to know.
Don Jr. told FBI Director Kash Patel:
“I’m sort of a free speech absolutist on that and, frankly, I’ve been, you know, pretty conspiratorial over the last, lets call it decade, and rightfully so.”
They need you to look away, so you don't see what is before your very eyes. Don't fall for it. Stare directly into the son's...
Update 12-6-25: Jesse wrote:
I just don't have the words to describe my disappointment with the anti-human actions of this government, and the Western elites in general.And it seems as though the majority of the public now tends to agree.Change will come. The darkness ebbs and flows, but it will never finally prevail.
Update 12-11-25: Dominari stock opened today at $4.41 per share. It announced a $10 million dividend which is roughly 44 cents per share. That's a 10% dividend.
With Dominari's 44 cents per share dividend, each older Trump son will get a check for $438,300.
Update 2-28-26: Spinoff!
Thursday, December 4, 2025
Feds to Send $670 Million to Don Jr.'s Vulcan Elements
"These commitments demonstrate that OSC's federal financing tools can successfully scale private capital investment in sectors vital to our economic and national security," said Mr. Ryan Lindner, Chief Investment Officer, OSC. "I am immensely grateful to Under Secretary Michael (TechGod), Deputy Secretary Feinberg (PEU), and Secretary Hegseth for their support in executing these commitments, which are part of the Trump Administration's whole-of-government effort to secure domestic critical minerals production, revitalize the U.S. industrial base, and ultimately achieve peace through strength."
Donald J. Trump Jr. has received an indirect interest in 2,000,000 founder shares through membership interests in our sponsor (New America Sponsor I LLC), Eric Trump has received an indirect interest in 3,000,000 founder shares through membership interests in our sponsor.
Dominari Securities served as a book running manager for the IPO and received 1,100,000 shares of Class A common stock as a result. Once a target is found Dominari and the other underwriter have a bigger payday.
We will pay the representatives a cash fee for such services upon the consummation of our initial business combination in an amount of $15,000,000 or, if the underwriter’s over-allotment option is exercised in full, $17,250,000
Don and Eric have a big equity stake in Dominari so they can profit in fractal fashion.
Tuesday, November 25, 2025
DOGE Has Been Integrated, Genesis Kicks Off
DOGE succeeded in overseeing the secret infiltration of TechGod AI into and across government functions.
"a dedicated, coordinated national effort to unleash a new age of AI‑accelerated innovation and discovery that can solve the most challenging problems of this century.
The Genesis Mission will build an integrated AI platform to harness Federal scientific datasets — the world’s largest collection of such datasets, developed over decades of Federal investments — to train scientific foundation models and create AI agents to test new hypotheses, automate research workflows, and accelerate scientific breakthroughs."It's the federal dataset giveaway. TechGods hate paying for intellectual property and to date they've mostly stolen it.
The Centers for Medicare & Medicaid Services (CMS) published a Federal Register notice yesterday officially authorizing the sharing of Medicaid applicant data with the Department of Homeland Security beginning today. The notice rescinds previous “interagency integrity” firewalls.Blasting away interagency firewalls is such a TechGod thing to do.
Labor Department to end defense of 401(k) investment-advice regulation. The Employee Benefits Security Administration no longer wants to defend the Biden administration’s fiduciary rule regarding one time rollover advice.
Insurance companies challenged the rule. PEUs have made significant forays into insurance firms, such that they can steer those capital pools toward their private equity and private credit offerings.
Add another non-priority to the "won't make it" on the list of the "most challenging problems of this century." It's not species loss, air pollution, maintaining firewalls between federal data sets or preventing retirement account abuse.
...new U.S. initiatives to accelerate global adoption of the American AI stack through the American AI Exports Program, including:The American AI Exports Program’s National Champions Initiative: The Commerce Department will incorporate partner nations’ leading AI companies into their customized American AI Export stacks, demonstrating that American technology directly strengthens and builds domestic AI capabilities. TheU.S. Tech Corps: A new initiative of the Peace Corps, the U.S. Tech Corps will provide volunteer technical talent with import partners to provide last-mile support in deploying powerful AI applications for enhanced public services.New International Financing: The Treasury Department is launching a new fund at the World Bank to help countries overcome AI adoption barriers, in addition to new financing programs launched at the Export-Import Bank, the U.S. International Development Finance Corporation, the State Department, and the Small Business Administration.NIST/CAISI’s AI Agent Standards Initiative: The Commerce Department’s National Institute of Standards and Technology (NIST) announced it will facilitate the development of interoperable and secure standards for agentic AI, giving the public confidence in this next-generation technology.As the Trump Administration unveils a whole-of-government strategy to promote American AI exports, it brings to the India AI Impact Summit a clear message: American AI is the gold standard, and we are sharing it with our partners to secure our shared future.
Friday, November 21, 2025
Bessent Usurps PEU Firm e-VAC Magnetics
Ara Partners, a global private equity firm dedicated to decarbonizing the industrial economy, announced that e-VAC Magnetics, LLC (“eVAC”) has been awarded IJ Global’s 2024 Energy Transition Deal of the Year (North America). The award recognizes eVac’s $335 million non-recourse financing for their first-of-its-kind U.S. permanent magnet manufacturing facility in Sumter County, South Carolina.Investopedia states:
Non-recourse finance involves a loan where repayment comes only from the project's earnings. Such loans are generally secured by collateral.Non-recourse loans are commonly used to finance commercial real estate and projects with long lead times. Unlike conventional loans, the repayment depends on the success of the project being funded.
This landmark transaction, undertaken by Ara Partners and its portfolio company Vacuumschmelze GmbH & Co. KG (“VAC”), strengthens the domestic supply chain for electric vehicles, aerospace and defense, renewable energy, and other critical industries.
The project has also received strong federal and state support, including a Defense Production Act Title III grant from the Department of Defense and a $111.9 million Qualifying Advanced Energy Project Tax Credit.Politicians Red & Blue love PEU and their new TechGod/Cryptobro brethren. Increasingly, more are one as in the case of Scott Bessent (Key Square Group).
Saturday, November 1, 2025
Manchin Rewarded for PEU Service
Washington DC is the modern day Rome, it’s the epicentre of politics, and Joe Manchin has been in the middle of it for more than two decades....
Joseph Manchin III, age 77, has served as a director of our Company since April 18, 2025. He has served on the Board of Athene Holding Ltd. since February 2025 and is a member of Athene’s legal and regulatory committee. Senator Manchin has served as an adviser to Apollo since February 2025.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one. Manchin chose "the public servant to PEU advisor" route at the age of 77. Others choose to bring their greed and leverage skills to the federal government.
If the filibuster is being used to keep this power dynamic in place I would have to disagree with Manchin. It does not produce better legislation for the common citizen, who they ostensibly are there to serve.
Update 1-11-26: Former Senator Kyrsten Sinema co-founded the AI Infrastructure Coalition, which pushes AI data center development.

.jpg)