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?