Trump II Goes After Bit Cons & D Mules

At the start I wish to declare the following:  All fraud is bad.  It is a dishonest appropriation of someone else's resources by manipulative person/agents.

On Face the Nation Treasury Chief Scott Bessent noted that IRS enforcement had caught fraudsters in Minnesota.  

"These are money via bureau services and they are wire transfer organizations outside the regular banking system."

That sounds like fintech and its twisted sister, crypto.  TechGods have long wanted their own system of money outside government inspection.  To my surprise they were willing to work with serial child sex trafficker Jeffrey Epstein in that endeavor.  

Byline Times reported:

The Edge Foundation was not just a talk-shop. For Jeffrey Epstein, it was a route to influence the direction of Silicon Valley, AI, Big Tech and cryptocurrency at their most pivotal period. One of the most crucial moments of impact was on Bitcoin, the world’s most recognised, valuable and widely used cryptocurrency. 

At the very moment Bitcoin’s future was in jeopardy, Epstein’s money and access placed him inside the institutions that were beginning to frame the cryptocurrency as a tool to route around nation states – and consolidate power among a new class of networked tech elites.

Back to all fraud is bad and Bessent's IRS enforcement.  The Big Beautiful Bill impacts that very thing:

....IRS units auditing the wealthy have faced huge cuts. As of March, the Pass-Through Entities office of the IRS had lost 27% of its staff, while the Global High Wealth unit had lost 38%. These staff reductions bode poorly for tax enforcement: When the IRS was crunched for resources in the 2010s, there was a 71% drop in audits of millionaires.

.Bessent made it clear that fraud by recent immigrants is not acceptable and it will be investigated:  

"When you come to this country you need to learn what side of the road to drive on,you've got to learn to stop at stop signs and you've got to learn not to defraud the American people."

Trump appears interested in catching or killing only small time persons in the drug trade as he recently pardoned convicted drug smuggler former President of Honduras Juan Hernandez.  One does not get convicted in the U.S. without evidence.  The Guardian reported:

Thanks to Trump’s shocking pardon, Hernández’s drug crimes are now more well known than ever. But the rest of his repressive, thieving, dictatorial history, backed by the United States year after year, has evaporated from the story.

Trump II must feel the same way about fraud as he does about drugs.  Let's catch the little guy and make him pay while the President pardoned fraudster after fraudster in the finance world.  

"Fintech appropriates depositor money based on lies."  That's Synapse Financial Technologies, an Andreessen Horowitz affiliate.  We will see who gets prosecuted first, Synapse or Somalis.

Trump II protected Jeffrey Epstein as he worked on the currency of criminals.  He pardoned the Honduran President after he had stolen government money and facilitated the movement of 400 tons of illegal drugs into the United States.  That fit with Trump II's earlier pardon of Silk Road founder Ross Ulbricht.

Silk Road, which was shut down in 2013 after police arrested Ulbricht, sold illegal drugs using Bitcoin, as well as hacking equipment and stolen passports.

Ross Ulbricht was a dark marketplace TechGod.  Jeffrey Epstein ran in the same circles as major TechGods:

LinkedIn co-founder Reid Hoffman, who sat on MIT Media Lab’s advisory council, invited Ito and Epstein to an August 2015 dinner in Palo Alto with Elon Musk, Mark Zuckerberg and Peter Thiel – the PayPal co-founder and driving force behind Palantir. 

The Honduran President worked directly with TechGods to establish Propsera:

Próspera is a special economic zone, specifically a “Zone for Employment and Economic Development (ZEDE),” as established by the Honduran government in 2013. The legality of these zones was originally enshrined in the Honduran Constitution by former President Juan Orlando Hernandez to attract investment and for economic development. In 2017, Honduras Próspera Inc., a U.S. based company, signed an agreement with the Honduran government, taking control of the zone. Its identity as a semi-autonomous zone is unique; the Honduran government has little control over it, Honduran law does not apply there, and the zone does not pay taxes. For example, labor laws and regulations are different, as well as the court system, which is not headed by Honduran judges. The zone is effectively governed by the corporation. 

Libertarian-leaning tech billionaires such as Peter Thiel and Marc Andressen have invested in Próspera’s development.   

And that corporation is owned by a PEU, NeWay Capital.  It's founder spoke at the Federalist Society.

Trump II effectively made the U.S. a fraud non-prosecution zone for the wealthy.  My wise friend wrote after Trump pardoned David Gentile, a private equity underwriter (PEU) who ran a Ponzi scheme:

By pardoning Gentile, the Trump administration made it a moot point to go after people skimming off others assets for personal gain and enrichment. If you're a prosecutor, even if you prove wrongdoing, what's the point? 

Instead of raising the bar on white collar crime we will remove the bar altogether. Therefore party on and no need to fear. Hopefully lack of trust grinds the market to a halt.

I'm sure the full force of the law will come down on Somali immigrants.  

Politics is an insufficient way to explain our world, given its ever shifting sands, serial mistruths and mind numbing double standards.

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

Update:  Trump pardoned another financial criminal after a round of golf with the perpetrator's lawyer, Red Team former Rep. Trey Gowdy. 

Trump pardoned Oak View Group co-founder Tim Leiweke.

...the Defendant rigged a bidding process to benefit his own company and deprived a public university and taxpayers of the benefits of competitive bidding

Oak View was funded by PEUs.

A golf fan noted:

“Another pardon, another GOP representative owned by Trump, another millionaire owned by Trump. And all owe him huge favors in the future. This is the new government. Congress needs to legislate out these kind of pardons, this is a top priority. Why waste DOJ money prosecuting?”

 Sounds an awful lot like my wise friend...

Update 2-9-26:  Kidnappers of Nancy Guthrie want their ransom paid in the currency of criminals, $6 million worth of Bitcoin.

What has been done over the last eight years to deal with anonymous crypto ransom's to criminals? 

This Holiday Season, Let's Not Consider Peter Thiel's Teachings

Joe Lonsdale, TechGod of intrusive spying & masculine public executions, wrote a defense of Peter Thiel's Anti-Christ teachings.  It's dated December 2, 2025.

Londsale began by lauding Thiel's ability to play the long game in various tech ventures and political wins for the Red Team.  

Translated Biblically, Thiel may have been an early aggregator of olive orchards, traded spices from Asia, profited from the bars and whorehouses of Sodom and Gomorrah and been an early supporter of Pontius Pilate when everyone else thought he was a dolt.  Surely a Biblical Thiel would have hated the tax collector Zacchaeus, like everyone else (except Jesus who dined with him).  

The Bible is full of people living earthly lives who, after their interaction with Jesus or one of his disciples, repents and pursues more heavenly ends.  Peter Thiel has not done that.  He may rue an investment that went bad or a candidate that didn't win.  

Thiel's ends of unrestrained economic and political power remain firmly intact.  In fact that's his Anti-Christ message.  Anyone who can interfere with TechGods and restrain them is evil.

Lonsdale said this of Christians:

In Christian thought, the only throne for the whole earth is that of Christ

There's a bit more.  We have the Father (God), the Son (Christ) and the Holy Spirit.   The Gospels of the Bible reveal story after story about Christ's teachings of rejecting earthly ways and creating heaven on earth.  

I doubt Jesus would compliment Peter Thiel or Joe Lonsdale for putting digital Roman soldiers on every street corner of the internet.  I'm pretty sure he would not endorse Christ's return via artificial intelligence, Jesus with an 85% accuracy rate as suggested by Joe Rogan.  Is the other 15% Satanic or just plain drivel?

Jesus, the victim of a public execution to dissuade others, might not endorse Lonsdale's recent call for same.   Joe also expressed interest in investing in Iran.  Apparently, he's a quick study, emulating mullahs who similarly enact masculine executions, although less publicly than Joe recommends.

Lonsdale went on to explore aspects of Revelations.  Dreams and myths are kaleidoscopes, enabling people to see and experience different things. 

What is Peter Thiel really arguing against with his "Anti-Christ" teachings?  Thiel opposes any coordinated cross government approach to rein in the power of TechGods or slow the exponential growth rate of their already obscene wealth.  

Jesus called us to embrace and uplift, to listen and truly hear, to be thankful, to willingly give of one's self and resources and to render unto the earthly powerful that which they must have.  I'd hate to think that is my biometrics.

For all the talk of Christianity, Peter Thiel sponsored politicians straight from the Old Testament.  There is no discernable evidence they follow Christ's teachings.  Fortunately, Old Testament monarchs don't tend to band together into one world governments.  They are too busy trying to conquer one another while controlling their people.

If TechGod/PEU Peter Thiel must have a "One World Government" Anti-Christ, like Caesar in the Bible, let's render that unto him.  He and his disciples will soon be old and infirmed and they can't stand losing, caring or sharing.  

Jesus fed the crowds he spoke to.  Billionaire Peter Thiel charged $200 a head for the series.

Trump Accounts Have PEUs Cheering

Semafor reported how Trump baby accounts can morph into Social Security's replacement, a new public pension system:

The model, former SEC chairman and current SDNY Chief Jay Clayton suggested to me at our The Ledger live event this week, is “a well-run pension fund… invested across American industry as much as possible” — like, he said, Australia. There, a national system of mandatory wage-garnishment has created a $4.5 trillion complex of “superannuation” funds — an astounding $300,000 per worker — that’s invested mostly in Australian stocks and property, with enough left over for the country to punch well above its weight as an international investor. The US Social Security trust fund has about $15,000 per employed person today, and it’s clipping Treasury coupons.

For it to work here, there have to be wages. 

Many TechGods believe jobs are going away, thus wages will do likewise and disappear.

Michael and Susan Dell are kick starting Trump II's baby accounts with $6.25 billion, or $250 per 25 million children.  That is in addition to the government contributing $1,000 per child.  Michael Dell started MSD Capital, L.P. in 1998 and added MSD Partners, L.P. (for outside investors) in 2009.  MSD Capital rebranded as DFO Management LLC in 2022.  

MSD Partners was ranked #40 in size among global private equity underwrites (PEU) in 2025 by Private Equity International.  #1 for 2025 was KKR.  My wise friend informed me of KKR's early success in the Pacific Northwest, the Blue states of Washington and Oregon.  That was a key time as LBOs began rebranding as private equity and needed a beachhead 

Here's a gem from Buyouts September 2000:

In raising capital for their New Millenium Fund, KKR revisited the deep green wells of well-heeled public pension funds such as the Oregon Public Employees Retirement System and the $60 billion Washington State Investment Board.

PEUs have long been the answer for public pensions to chase greater returns.  

Over the last twenty five years PEUs sent U.S. jobs by the yacht-load from the U.S. to India and Southeast Asia.  What PEUs started by exporting jobs and reducing domestic affiliate headcount, TechGods plan to finish with AI and robots of various sorts.

Given that Trump II's manufacturing renaissance  is based on automated factories, it remains to be seen how many human jobs are created once those factories are built.  

I purposefully have no private equity, private credit or alternatives in my IRA and don't want Social Security or its evolutionary successor to hold that junk either.  I know who elected officials have listened to since before the New Millenium.  It's been the subject of PEUReport (started July 2007).  

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

Update 12-7-25:  Trump baby accounts are being recognized for the Trojan Horse they are.

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. 

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.

New America Acquisition I Corp is yet another Yorkville SPAC.  Yorkville has done a number of deals with Trump related organizations.

The sole member of New America Sponsor I LLC is Kevin McGurn, CEO.  McGurn is also CEO of Yorkville Acquisition Corp (another Trump related SPAC), Blue Water Acquisition Corp III (Yorkville) and Texas Ventures Acquisition III (Yorkville).  

Kevin McGurn is CEO of four SPACs and Sono Group.  Five full time jobs for someone politically connected?  That should sound familiar to those tracking insiders and the massive money that moves in their direction.  

The SEC lists McGurn's address as that of Yorkville Advisors in Mountainside, New Jersey.  A Sono Group filing shared this about McGurn:

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. 

It only shared the most recent SPAC CEO slots.  Back to the filing:

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. 

One could consider McGurn a Junior TechGod.  Finishing the filing:

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.   

Carlyle Files with SEC to Increase Co-Investment Internally

The Carlyle Group asked the Securities and Exchange Commission for relief to allow regulated funds and affiliated entities to engage in co-investment transactions.  It listed fifteen regulated funds seeking relief.  

They cover private equity, private credit and a mix of the two. as well as fixed income securities, senior debt tranches of CLOs, loan accumulation facilities (“LAFs”), securities issued by other securitization vehicles, such as collateralized bond obligations, or “CBOs and a smattering of other products offered by the 450 Carlyle funds listed under Schedule A of the filing.

Carlyle has existing advisors:

It also has TCG Capital Markets LLC, a broker dealer which "underwrites, syndicates, places and arranges securities of corporate issuers, among other related activities. TCG Capital Markets may participate in Co-Investment Transactions on a principal basis."

Carlyle also has TCG Senior Funding LLC which "was formed to originate, underwrite, structure and place loans. TCG Senior Funding is advised by CGCIM pursuant to an investment management agreement. TCG Senior Funding may participate in Co-Investment Transactions on a principal basis."

Private equity underwriters (PEU) charge deal fees in addition to annual management fees.  They can pull cash from affiliates via special dividends/distributions.  They've long been able to be on both sides of a deal.  

Trump II is knocking down SEC rules and pardoning convicted fraudsters, bribers and bribe recipients.  

The greed and leverage boys have targeted 401(k)'s in their sales plans, hoping to get retirement savers to put money into PEU funds of various sorts.  

I view Carlyle's SEC request as repackaging their inventory.  First, sell to self, i.e. move stale investments from one Carlyle fund to another.  Charge fees.  Repackage.  Partner with financial advisors.  Sell to retiree.  More fees.  

If anything goes bad, there won't be staff at the SEC to investigate.  Legal authorities have been dis-incentivized to charge people with fraud or bribery given Trump II hands out pardons like free raffle tickets at a State Fair.

It's clear skies ahead for the PEU boys, regulatory wise.  The trouble starts when the big money boys no longer trust each other to make good on their debts.  It's not clear when that might happen but when it does, watch out.  Nothing moves, no matter how pretty the packaging.

Feds to Send $670 Million to Don Jr.'s Vulcan Elements

The Pentagon Office of Strategic Capital will provide a $620 million loan to Vulcan Elements and the Commerce Department will add another $50 million for Vulcan via the CHIPS Act.

Don Jr. joined Omar Malik's 1789 Capital in late 2024.  1789 Capital invested in Vulcan in August.  

It's amazing how quickly a 1789 Capital investment turns into federal business.  Don Jr, told the world how that happens at the recent Saudi Investment Conference in Washington, D.C.

Don Jr.'s understanding is that private equity underwriters (PEU) run the world and he is one.  PEUs are also in Pentagon leadership and staff the War Department's Office of Strategic Capital (SC).

OSC Chief Investment Officer Ryan Lindner began his role in August as 1789 Capital was investing in Vulcan.  Lindner came from a Greenwich, Conn, PEU, Marblegate Asset Management.  Lindner thanked Under Secretary Emil Michael and Deputy Secretary of War Steve Feinberg in the November 21 press release.  

"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."

Feinberg is also a PEU and infamous for harming New England healthcare via Steward Health.

Undersecretary Emil Michael is a TechGod, having been an executive at Uber and an investor in many tech firms, including AI.  TechGods are most excited about the prospect of garnering huge chunks of the federal budget and it helps to have people on the inside.   

DOGE's original unmentioned mission was implanting TechGod products/services in the federal government.  That's why it saved no money.  DOGE ended and now the Genesis Mission (Uncle Sam AI) begins.

Trump II is using the federal budget to provide debt and equity to strategic industries.  The Pentagon is but one area.  A simple hint to family and friends that "now is a good time to invest in ____ " easily fits within Trump's pathological personality.  Don Jr. revealed the trick to the Saudis.

Did the Saudi Crown Prince get an invitation to visit Don Jr. and Omar Malik's private club in Georgetown called the "Executive Branch?"  It's frequented by Trump II's cabinet members.  

Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  The Red Team is really out-PEUing itself with the amount of money it shamelessly steers to family and friends.

Trump II savages Biden and the CHIPS Act, so it's salt in the wound time with Don Jr.'s Vulcan Elements getting $50 million from that pot of money.  

Also, the Pentagon money is part of a $1.4B government partnership with ReElement Technologies, led by a shady self dealing group of executives, some former PEUs.  That's a perfect match for Trump II, the shadiest of self dealers.

Update:  The Trump boys understanding of Daddy's plans should help their latest venture, New America Acquisition I Corp.  The company just did 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.

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.   

Two Stories from Mis-Fortune

Corporate Chiefs scream regularly "we need predictability", "show us the rules" as they get giant tax breaks, direct government subsidies and loan guarantees.  That does not apply to everyday people.

Many TechGods have their roots in Ayn Rand and consider themselves libertarian, minimal government, maximum freedom.  Their companies do the very opposite, providing tech services to an intrusive federal government for significant revenues (dollar sums).

“Capitalism was the only system in history where wealth was not acquired by looting, but by production, not by force, but by trade, the only system that stood for man’s right to his own mind, to his work, to his life, to his happiness, to himself.” -Ayn Rand

Google's CEO wants everyday people to adapt to the rapidly changing world around them.  How?  Everyday people can't get laws to protect their kids from harmful social media or brain rotting AI.  Everyday people can't tell the difference between a person online and a bot, as those distinctions are not required.  

Google's founder Eric Schmidt coached Stanford MBA students to violate intellectual property law in creating their own AI company. 

 

Everyday people get to do disruption while billionaire cheats go the White House and get laws passed to their personal economic advantage. 

OpenAI's Sam Altman has a service that proves you are human.  He just needs your biometrics and permission.  World ID comes with its own currency (which applications use to pay for services).  

From an application’s perspective, there will only be one World ID fee – the sum of the credential fee and the protocol fee. The World ID fee will be charged when an application (identified via a unique app id) requests a World ID proof.

These pinheads need to remember one thing about everyday people.  We vote.

TechGods, CryptoBros, private equity underwriters (PEU), family offices, sovereign wealth funds and other corporates have had their way for decades.  They have taken and taken and taken.

When this cabal removes the game plan for surviving day to day, a decent paying job, they have gone too far.  

Trump II wants everything scorched for the sheer joy he gets in watching things burn and people harmed.  The Reds in Congress kow-tow to their Creep in the White House.  The Blues are beholden to the Corporate class (as are the Reds when Trump II is not twisting their nuts in a vise for his viewing pleasure).  

The people doing the harm (TechGods and PEUs) are facilitated by our political system and together they give not a sodden flip about everyday people.  Society knows as TechGods increasingly show up as villains in movies and television shows.

Independent voters have gotten the message.  The political Red team is as popular as smallpox, which could well make a comeback under Robert F. Kennedy, Jr. and Trump II.  

Here is my take as to what Sundar Pichai meant:

"We, as in us TechGods" will have to work through social disruption.  Those everyday people will have to un-employ their way through social disruption.  

Thanks, Google CEO.  Next time, stick a sock in it.  It likely tastes better than those "AI wipes."