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The Trump Presidency Timeline

Documenting the chaos since day one. 82 entries and counting.

Category: oligarchy
oligarchy

from russia with vows

Donald Trump Jr, seen here celebrating the sacred union of marriage and Russian oligarch money.

Donald Trump Jr, seen here celebrating the sacred union of marriage and Russian oligarch money.

Donald Trump Jr allegedly got some extra-special help paying for his Bahamas wedding from Umar Kremlev, a Russian oligarch whose résumé reads like a casting call for "Putin’s Favorite Henchmen": extortion conviction, assault conviction, rebranded surname to sound more Kremlin-adjacent, and then a miraculous rise through the world of boxing and gambling thanks to friends in very high, very authoritarian places. Because when you’re a Trump, why use your own money when you can tap into the global autocrat gift registry?

Kremlev’s patron network includes a major general in Russia’s federal protective service (who also happens to be his brother-in-law), Igor Sechin of Rosneft fame, and of course, Vladimir Putin himself, whom Kremlev publicly thanks for all the "opportunities to earn money" — a charming euphemism for being handed seized assets and slices of the state-controlled gambling market. He grabbed control of Russia’s biggest car dealership after the Kremlin nationalized it from a critic who fled the country, helped run the International Boxing Association into such disrepute the IOC basically excommunicated it, and then hopped on a Putin business delegation to China before jetting off to the Bahamas. Totally normal person to be hovering anywhere near the Trump family finances.

So we’ve got: a Kremlin-loyal oligarch with a criminal past, enriched by state seizures and gambling monopolies, allegedly helping pay for the ex-president’s son’s luxury wedding. Republicans will surely respond by demanding a thorough ethics review — of Hunter Biden’s laptop. Meanwhile, the Trump orbit keeps proving that when it comes to oligarch cash and authoritarian buddies, they’re not just open for business; they’re the loyalty program.
#oligarchy#forever-grifting
oligarchy

trump heroically considers maybe thinking about 9/11 truth

Trump, fresh off a weekend abroad, prepares to bravely contemplate whether confronting Saudi Arabia is worth more than another arms deal and a few hotel bookings.

Trump, fresh off a weekend abroad, prepares to bravely contemplate whether confronting Saudi Arabia is worth more than another arms deal and a few hotel bookings.

Twenty-five years after 9/11 and after multiple administrations have slow-walked or buried key records about possible Saudi involvement, Donald Trump has boldly promised to "look at it" when he gets back from Ireland. The families of the victims are asking for declassification of documents that might shed light on what role Saudi officials or extremist clerics played in the attack that killed their loved ones. Trump’s response: a vague commitment to consider maybe thinking about it later, presumably after checking whether it upsets Riyadh. Terry Strada, who lost her husband on 9/11, spelled out what every administration has done for a quarter-century: protect the Saudi government and its oil-soaked friends instead of standing with the families. She asked Trump to "tell the Saudis to stop lying" and to finally stop the "betrayal". For now, the White House position seems to be that accountability for the worst terrorist attack in modern U.S. history is something you pencil in between a golf weekend and a foreign junket. But hey, at least he’s considering not running cover for a repressive monarchy this time. Progress?

Source: theguardian.com

#oligarchy#killing-democracy
oligarchy

president’s favorite oligarch insists his space lasers are for wholesome purposes only

Trump and Musk in the Oval Office, pausing between jokes about space lasers and democracy to pretend this is all very normal presidential business.

Trump and Musk in the Oval Office, pausing between jokes about space lasers and democracy to pretend this is all very normal presidential business.

Elon Musk is very mad that someone took his "lasers in space" text about helping Trump win the 2024 election the way any normal person would: as deeply deranged and possibly ominous. NPR obtained texts Musk sent to former MAGA influencer and ex-girlfriend Ashley St. Clair, where he said he was "feeling more optimistic" about Trump because "tomorrow we unleash the anomaly in the matrix" and bragged, "I have over 10 thousand lasers in space right now." The upcoming Alex Gibney documentary Musk actually shows those texts and wonders if maybe, just maybe, they relate to SpaceX satellites. This has prompted Musk’s lawyer Alex Spiro to fire off a pre-release defamation threat letter, because if there’s one thing the Trump-era oligarch class can’t tolerate, it’s people quoting them accurately and then thinking about it.

Spiro insists the film is basically laundering a debunked conspiracy theory that Starlink was used to rig votes for Trump, stressing that Starlink wasn’t connected to vote tabulation and that the "lasers in space" are just boring inter-satellite links, not democracy-melting death beams. You see, when Musk says he’s unleashing an “anomaly in the matrix” on the eve of an election and has 10,000 space lasers, he’s just doing normal tech-guy banter, not hinting at anything sinister. The problem, according to Team Musk, is everyone else’s brain, not the billionaire texting like a Bond villain with a Reddit addiction.

St. Clair, for her part, calls the legal threats "a joke" and says Musk’s team is more likely to colonize Mars than win a defamation case against Gibney. Meanwhile, Gibney says Musk refused to sit for an interview, so the film features an AI deepfake Musk delivering the real Musk’s public statements back to the audience—an arrangement so on-the-nose for this administration’s reality-optional politics it should count as documentary performance art. Neither Musk nor Spiro has actually seen the nearly four-hour film they’re threatening over, but in the Trump era, who needs to watch the movie when you can just sue the projector and call it a win for free speech?
#oligarchy#killing-democracy
oligarchy

trump’s qatar gift jet does a test run of the emergency exit

Air Force personnel inspect the inflatable slide on Trump’s Qatari gift jet, bravely testing whether U.S. national security can also be deployed with a single oops button.

Air Force personnel inspect the inflatable slide on Trump’s Qatari gift jet, bravely testing whether U.S. national security can also be deployed with a single oops button.

Trump’s Qatari-supplied faux Air Force One decided to express its feelings Wednesday by spontaneously deploying an inflatable emergency slide on the tarmac, just before Trump was supposed to board for Dallas. While the crew stared at the giant yellow indictment of basic competence, Trump stayed in Marine One for a few extra minutes, then emerged to inform reporters that they were simply "checking the slide" — which is certainly one way to describe "someone pushed the wrong button on your foreign-monarchy-donated presidential plane."

The White House, via Steven Cheung, insisted that the slide was just being tested so everything would work "perfectly" and that Air Force One was totally safe and en route to deliver Trump to his "raucous and sold-out" midterm pep rally. This is the same plane that the Secret Service has already quietly flagged as lacking the full security suite of the older, actual Air Force One — the one they suggested Trump use instead, because "less secure than the old one" is not typically what you want in a presidential aircraft, unless your national security policy is vibes-based.

Officials keep insisting the Qatar-gifted 747-8 is "perfectly safe" even as anonymous sources admit, on background, that it is not, in fact, perfectly anything. Trump announced in July that the jet would be sent away to get "maxed out" on security, while then-press secretary Karoline Leavitt downgraded that to some light "upgrades and enhancements." So the president of the United States is currently hitching rides on a luxury jumbo jet provided by a foreign royal family, with incomplete security systems, while the real Boeing replacements continue their multi-year delay marathon. But sure, let’s all focus on the funny slide.

Source: nbcnews.com

#oligarchy#national-security#forever-grifting
oligarchy

most anti-union president heroically saves corporations from workers

Donald Trump gestures proudly while standing in front of workers whose wages, rights, and lungs his administration is quietly repossessing.

Donald Trump gestures proudly while standing in front of workers whose wages, rights, and lungs his administration is quietly repossessing.

Donald Trump, self-declared Champion of the Working Man™, has spent his second term speedrunning every anti-worker policy Republicans used to at least pretend to be embarrassed about. OSHA inspections are down 20%, the silica dust rule protecting coal miners from black lung is on indefinite "we'll get to it" status, and the administration is actively trying to strip 1 million federal workers of collective bargaining rights in what AFL-CIO president Liz Shuler calls “the largest single act of union-busting in our history.” Truly a golden age for the people who sign paychecks, and a respiratory hazard for the people who cash them. The National Labor Relations Board, formerly a labor agency, is now a corporate customer service desk after Trump fired pro-union chair Gwynne Wilcox — the first time a president has ever canned an NLRB member for being insufficiently anti-worker — and replaced her with a stable of business-friendly loyalists. Meanwhile, the White House is busy cutting the minimum wage for federal contractors from $17.75 to $13.30, rescinding overtime expansion for 4.3 million workers, and proposing to yank minimum wage and overtime protections from 3 million home care workers who look after seniors and disabled people. Because if there’s one group that’s clearly been living too large, it’s the women of color changing bedpans for $14 an hour. On the PR front, the administration points to “historic” middle-class tax cuts, no tax on tips, and a little break on overtime taxes, while carefully not mentioning that inflation — juiced by Trump’s tariffs and his fun little Iran war — is eating wage gains alive. At the same time, they’re making it far easier for employers to classify workers as “independent contractors,” conveniently freeing companies from paying minimum wage, overtime, Social Security, Medicare, or unemployment insurance. It’s not wage theft if you legally redefine the workers out of existence. And just to round out the dystopia, Trump is working to gut Biden’s proposed extreme heat protections so employers won’t be burdened by frivolous luxuries like water, shade, and rest breaks as the planet cooks. Job growth is lagging Biden’s numbers, manufacturing has shed 35,000 jobs, and Trump is loudly cheerleading AI and datacenters while young workers scramble for whatever’s left. Yet the White House still insists he “puts American workers first” — if by “first” you mean first on the chopping block in the ongoing sacrifice to shareholder value.
#oligarchy#killing-democracy
oligarchy

trump’s $10 million paxton rehab tour hits texas

Ken Paxton at a Trump rally, proudly displaying the confidence of a man who knows a nine-figure super PAC is standing by to airbrush his impeachment out of existence.

Ken Paxton at a Trump rally, proudly displaying the confidence of a man who knows a nine-figure super PAC is standing by to airbrush his impeachment out of existence.

MAGA Inc., Trump’s personal slush fund with better stationery, is dropping $10 million on TV and digital ads in Texas to prop up Attorney General Ken Paxton — a man so ethically radioactive the Republican-led Texas House impeached him for alleged bribery and abuse of public trust. After the state Senate graciously decided that ‘abuse of office’ is just a fun personality quirk, Paxton beat John Cornyn in the GOP primary, because the modern Republican Party will always choose the guy under investigation over the guy who occasionally reads a briefing. Republican leaders are now openly panicking that their scandal magnet might lose a general election, so they’re begging Trump to open his $400+ million MAGA Inc. war chest and carpet-bomb Texas with attack ads against Democrat James Talarico. Senate Majority Leader John Thune is on Fox News doing his best telethon host impression, explaining that Texas ads cost $8 million a week and that this is not a state they can afford to lose — which is a nice way of saying, “Dear Donald, please stop hoarding cash and start buying senators.” Trump, ever the humble public servant, is bragging that he has “like, close to a billion dollars” in the super PAC and might spend up to $500 million to boost “good” Republicans — defined here as people who will defend him on TV and possibly face their own indictments later. He even assured reporters he’ll “work for Ken Paxton,” clarifying that you don’t have to like Paxton’s look or his disastrous TV presence, just his status as the “best attorney general in the country,” which is a fascinating way to describe a guy whose own party tried to throw him out of office. So to recap: a Trump-aligned super PAC is preparing to light $10 million on fire in Texas to salvage the Senate prospects of an impeached attorney general while the GOP establishment begs their twice-impeached, multi-indicted standard-bearer to please spend some of his donor-funded fortune on saving their majority. American democracy: now with dynamic oligarchy pricing.

Source: nbcnews.com

#oligarchy#forever-grifting
oligarchy

slumlord son-in-law and casino pal go to moscow

Jared Kushner and Steve Witkoff, bravely bringing decades of luxury real estate experience to the small matter of European war and nuclear brinkmanship.

Jared Kushner and Steve Witkoff, bravely bringing decades of luxury real estate experience to the small matter of European war and nuclear brinkmanship.

The Trump administration is once again speedrunning the "what if foreign policy, but as a family side hustle" experiment. Jared Kushner and real estate mogul Steve Witkoff – two men whose main qualifications are "being related to Trump" and "having his number" – are heading to Moscow and Kyiv to negotiate peace in a war that has killed hundreds of thousands of people. The State Department, career diplomats, and anyone with actual regional expertise will be playing their usual role in Trumpworld: background extras.

Ukraine’s President Volodymyr Zelensky says he’ll meet them after they drop in on Vladimir Putin, because apparently this peace process is being run like a timeshare pitch: Russia gets the first presentation, Ukraine gets the follow-up. Putin, for his part, is still publicly demanding more Ukrainian territory while mumbling about "chances" for peace, which makes this less a negotiation and more an attempted surrender ceremony with better catering. Meanwhile, Trump’s envoys – who have already made multiple trips to Russia – are being treated as serious players, despite their combined diplomatic résumé consisting mostly of tax breaks, luxury condos, and Middle East photo ops.

The Kremlin is coyly hinting about "contacts" while Zelensky is literally asking both sides to guarantee airspace safety so Trump’s personal emissaries don’t get blown out of the sky. It’s a perfect encapsulation of the era: a brutal land war, maximalist imperial demands, and into the middle of it all, the guy who married into the family business and the guy who usually negotiates hotel deals. American foreign policy has been outsourced to the Mar-a-Lago LinkedIn network, and the rest of the world just has to hope the peace plan isn’t written on a cocktail napkin.

#oligarchy#killing-democracy
oligarchy

trump’s ai ‘revolution’ is just more server farms and hot air

Artist’s rendering of Trump’s AI agenda: a giant, buzzing warehouse of servers surrounded by voters asking, “So… what do we get out of this again?”

Artist’s rendering of Trump’s AI agenda: a giant, buzzing warehouse of servers surrounded by voters asking, “So… what do we get out of this again?”

Donald Trump has discovered a new freedom-branding opportunity: massive AI data centers that guzzle power like Mar-a-Lago’s AC in August. His administration is all-in on turning half the country into a glorified cooling system for server racks, and — minor detail — voters kind of hate it. Local communities are noticing that "the future of AI" mostly looks like higher electric bills, drained water supplies, and a few tech bros getting richer while the rest of them get to stare at another concrete box humming in the distance.

Republicans on the ballot, of course, are now stuck between Trump’s Very Important AI Agenda and the people who actually live next to these digital sweatshops. On one side: the president promising innovation, growth, and probably a gold-plated GPU somewhere. On the other: constituents wondering why "making America great again" involves handing their grid and land over to data centers so Silicon Valley and Wall Street can squeeze out a few more points of profit. The party of states’ rights and local control is once again discovering that all those principles have an off switch when a president with a fragile ego and a tech-donor wish list shows up.

Source: npr.org

#oligarchy#forever-grifting
oligarchy

both parties unite behind your town’s new boiling lake

Locals bravely protest the revolutionary idea that their town should remain more than just a coolant accessory for Google’s latest AI fever dream.

Locals bravely protest the revolutionary idea that their town should remain more than just a coolant accessory for Google’s latest AI fever dream.

Trump voters in rural Indiana are having a fun new experience: realizing that when they heard “drain the swamp,” it apparently meant into a 550‑acre Google datacenter next door. Organizers report a rare moment of bipartisan harmony as everyone, from conservative farmers to historically Black neighborhoods, agrees they do not, in fact, want a gigantic water‑guzzling, diesel‑backed surveillance cube eating their power grid.

National elites, naturally, are baffled that people aren’t thrilled to sacrifice their drinking water so OpenAI can generate better cat memes. Local officials have been signing sweetheart datacenter deals, then mysteriously losing re‑election once voters notice the part where their lakes turn into backup cooling systems. Utah’s Republican senate president even got tossed for hugging hyperscale projects too hard, proving there is a political cost for openly siding with the server racks over your own constituents.

As Sanders and AOC call for a national moratorium, the backlash is turning into a full‑blown revolt against the tech‑political blob that treats every town as a future sacrifice zone for “AI innovation.” The real question isn’t which party will seize the advantage; it’s which one will stop mainlining Big Tech talking points long enough to notice that voters of all stripes are uniting around a radical new idea: maybe democracy should get a say before Larry Page and Sam Altman annex the water table.
#oligarchy#forever-grifting
oligarchy

billionaire solves homelessness by outlawing being poor

Behold: the bold new housing strategy — fewer tents, more jail cells, and a billionaire think tank to call it “reform.”

Behold: the bold new housing strategy — fewer tents, more jail cells, and a billionaire think tank to call it “reform.”

The Cicero Institute, founded by billionaire venture capitalist Joe Lonsdale, looked at record homelessness and decided the real problem was that it wasn’t illegal enough. After a couple of failed tries, their team flew back into Indiana and finally helped push through a bill to make it a crime for homeless people to sleep on the street. Catholic leaders warned it would brutalize the poor, sheriffs said it would jam up the jails, and a Republican state senator literally said, "We’re Hoosiers — we’re better than that." The Trump-era GOP considered this useful feedback and did the opposite. Trump then issued an executive order on homelessness that so perfectly matched Cicero’s wishlist it might as well have shipped with a "drafted by your friendly neighborhood billionaire" watermark. Twenty-one states have taken up Cicero-style camping bans or related bills, 16 have passed them, and Cicero analysts now roam statehouses explaining that the threat of arrest will magically nudge people into treatment. Meanwhile, the Trump administration is working with the group to rewire federal homelessness aid away from things that actually house people and toward forced treatment and criminalization. The safety net isn’t being reformed; it’s being repurposed into a carceral vending machine for the comfort of donors who don’t like seeing tents.

Source: nytimes.com

#oligarchy#killing-democracy#forever-grifting
oligarchy

kushner finally buys something that actually wins in los angeles

Adam Silver, Josh Kushner, and Bob Iger plotting the next phase of late‑stage capitalism while pretending to watch tennis.

Adam Silver, Josh Kushner, and Bob Iger plotting the next phase of late‑stage capitalism while pretending to watch tennis.

The Los Angeles Lakers are reportedly being flipped yet again, this time to former Disney emperor Bob Iger and venture capitalist Josh Kushner, better known as Jared’s slightly less radioactive brother. Price tag: $12.5bn, or roughly the GDP of a small country, for the privilege of turning a once-beloved community franchise into a glorified hedge fund with courtside seats. Jerry Buss bought the team for $16m in 1979 and held it for decades; the new model is: buy, squeeze, flip, repeat. This would be the second sale in 14 months, because nothing says "long-term vision" like treating an NBA dynasty the way Trump treats casinos and marriages. Private equity guys Mark Walter and Todd Boehly grabbed majority control at a $10bn valuation in 2025 and are now apparently cashing out with a tidy $2.5bn bump, having discovered that the real sport isn’t basketball, it’s asset inflation. The Buss family is busy reenacting Succession in purple and gold, squabbling over whether to unload their remaining 17.8% stake while everyone involved gives stirring speeches about "tradition" and "community" that would make a used-car salesman blush. The NBA’s old model of "patient capital" is being replaced by the Kushner-Iger special: extractive finance wrapped in Hollywood branding. Teams are now traded like blocks of over-leveraged condos, and the league’s board of governors will almost certainly approve it, because why stop oligarchy at owning politics when it can own your childhood team too? The Trump extended universe may be a constitutional dumpster fire, but it’s doing gangbusters in the "quietly buying the culture" department. Showtime is dead; welcome to EBITDA Time.

Source: theguardian.com

#oligarchy#forever-grifting
oligarchy

trump opens america’s last quiet places for chainsaw appreciation

A 70-foot-circumference giant sequoia contemplates its future as a luxury end table in a Mar-a-Lago side room.

A 70-foot-circumference giant sequoia contemplates its future as a luxury end table in a Mar-a-Lago side room.

The Trump administration has discovered a bold new strategy for forest management: if you cut down enough trees, there’s nothing left to burn. The USDA, led by Secretary Brooke Rollins, is moving to scrap the Clinton-era "roadless rule" that has protected tens of millions of acres of untouched national forests from roads, logging, and mining. The sales pitch? This will "return our forests to health and productivity"—because nothing says ecological health like bulldozers and clearcuts.

Republican governors in Montana, Utah, and Wyoming dutifully lined up in the USDA press release to praise this as "flexibility" and "thoughtful decisions," a poetic way of saying "let’s hand over public lands to timber and mining companies at a discount." Conservation groups point out that the rule is one of the most important land protections in the last 60 years, while a taxpayer watchdog helpfully reminds everyone that pre-roadless timber sales were such a financial disaster they effectively turned the Forest Service into a subsidy program for private logging firms. So yes, this isn’t just an attack on the environment—it’s also a plan to torch billions in public money so corporations can drive new roads into what used to be wilderness. Productivity, Trump-style.

Source: npr.org

#oligarchy#forever-grifting#killing-democracy
oligarchy

elon makes $158b, trump makes $2.2b, you get vibes and bootstraps

Elon Musk and Donald Trump, pictured here in their natural habitat: several thousand pay ratios above the peasants, explaining that the system is working exactly as intended.

Elon Musk and Donald Trump, pictured here in their natural habitat: several thousand pay ratios above the peasants, explaining that the system is working exactly as intended.

Elon Musk reportedly pulled down a $158.3 billion pay package from Tesla in 2025, which works out to the median Tesla worker’s annual salary every 4.23 seconds. That’s not a compensation plan, that’s a particle accelerator for wealth. Toss Musk into the S&P 500 numbers and the average CEO-to-worker pay ratio jumps from a grotesque 312:1 to a full dystopian 5,387:1. Workers’ share of national income? Lowest since World War II. But hey, at least the stock buybacks are feeling loved.

Meanwhile, Donald Trump is running his own prosperity gospel, minus the gospel. The AFL-CIO notes Trump’s 2025 income hit $2.2 billion, mostly from crypto, a 254% jump from 2024. The median US worker would need 43,154 years to match that, assuming they don’t die first from skipping medical care, falling behind on rent, or being bankrupted by a $400 emergency — all of which are now routine for huge chunks of the country.

How did this miracle of wealth concentration happen? Trump’s "radical budget" and GOP friends hacked away at healthcare and food assistance for kids and families so they could shower corporations and the ultra-rich with tax cuts. The White House insists there are "no conflicts of interest" because Trump’s assets are in "fully discretionary" accounts managed by third parties — a phrase that does a lot of work for a guy whose policies somehow keep lining up perfectly with his balance sheet. It’s not governance, it’s a live-action experiment in how far you can rig an economy before the word oligarchy stops sounding hyperbolic.

Source: theguardian.com

#oligarchy#forever-grifting#money
oligarchy

kushners upgrade from democracy to the lakers

The Los Angeles Lakers, seen here in their new role as a $12.5bn loyalty card for America’s ruling families.

The Los Angeles Lakers, seen here in their new role as a $12.5bn loyalty card for America’s ruling families.

The Los Angeles Lakers, once a civic religion, are now just another line item in the Kushner-Iger asset spreadsheet. Mark Walter bought the team less than a year ago, is under federal scrutiny over whether his insurance companies secretly juiced his other businesses with $16bn in loans, and is now flipping the franchise for a tidy ~$2bn gain. You know, the way you’d unload a used Honda Civic, except this Honda comes with LeBron and a global fanbase. Enter Josh Kushner – Jared’s little brother, Jared being Trump’s former “senior adviser” and current Special Envoy For Whatever War Needs Whitewashing – and Bob Iger, former Disney overlord. Josh just watched his Thrive Eternal plan to buy into FIFA’s commercial arm blow up after UEFA threatened a 55-country boycott and Rep. Jamie Raskin started sniffing around whether handing World Cup money to the president’s relative might be slightly corrupt. So when the “maybe this is bribery” lights started flashing in soccer, Kushner simply walked across the street to the NBA, where owners are thrilled to let a president’s in-law pump valuations as long as the checks clear. As a bonus subplot, the Kushner family résumé is doing numbers: dad Charles pleaded guilty to illegal campaign contributions, tax evasion, and witness tampering, did time, then got a 2020 Trump pardon and is now the U.S. ambassador to France despite not speaking French. Jared glides from White House senior adviser to Middle East dealmaker. And Josh, the self-styled liberal Democrat who swears he didn’t vote for Trump, keeps coincidentally ending up at the front of the line whenever a world-class asset goes on sale. Trump promised to torch this exact elite influence racket; instead, he turned it into a family business and handed them courtside seats at the most political game in town.

Source: theguardian.com

#oligarchy#forever-grifting
oligarchy

trump treasury turns fed into wall street’s personal yen atm

Scott Bessent, pausing briefly from monetizing entire countries to pose for Reuters before returning to his side gig as global currency god-king.

Scott Bessent, pausing briefly from monetizing entire countries to pose for Reuters before returning to his side gig as global currency god-king.

Trump’s Treasury secretary Scott Bessent has discovered a bold new use for U.S. power: turning the Federal Reserve into a high-limit margin account so Wall Street can keep mainlining ultra-cheap Japanese yen. Officially, Washington is “helping Tokyo stabilize its currency.” In reality, Bessent is desperately trying to preserve the global yen carry trade that funnels cheap Japanese money into U.S. tech stocks and AI bets so America’s billionaires don’t have to experience the unfamiliar sensation of a down day. Instead of letting Japan sell some of its $1.1 trillion in Treasuries like a normal country, Bessent is using a Fed lending facility to let Tokyo borrow dollars against that debt, then use those dollars to prop up the yen. He’s also lobbying to massively jack up the facility’s $60 billion daily limit, so a “substantial portion” of Japan’s Treasury hoard can be turned into instant cash. Why risk a market correction when you can quietly rewire the global financial system to keep the casino open? Socialism for speculators, market discipline for everyone else. Europe found out about this master plan the fun way: by not being told at all, because allies only matter when they’re useful collateral. Meanwhile, traders are circling, oil prices are rising thanks to U.S.-Iran tensions, and the yen is wobbling around 40‑year lows. If Japan ever has to hike rates or dump Treasuries, the unwind could smash U.S. markets. But Bessent, the guy who helped George Soros make billions attacking currencies, now wants to prove you can buck the market—as long as you control the printing press, the plumbing, and the rules. What could possibly go wrong when the world’s reserve currency is run like a hedge fund with nukes?

Source: theguardian.com

#oligarchy#money#forever-grifting
oligarchy

white house asks ai foxes how to secure the henhouse

Tech CEOs arrive at the White House to explain how only they can save us from the problems they created, for a modest equity stake in democracy.

Tech CEOs arrive at the White House to explain how only they can save us from the problems they created, for a modest equity stake in democracy.

The White House hosted a closed‑door chat with the heads of the very AI companies currently melting down cybersecurity, stealing trade secrets, and accidentally inventing rogue hacking models. Naturally, these are the people being asked how to "responsibly" regulate AI, because when your house is on fire, you absolutely invite the arsonists over to draft the building code.

Instead of public hearings, independent experts, or, wild idea, actual workers whose jobs are about to be automated into dust, the administration rolled out the red carpet for the same CEOs who treat user data like a free buffet and national infrastructure like a beta test. The meeting is framed as "cooperation" on safety and innovation, which is Washington‑speak for "we'll pretend to regulate you while you write the rules that guarantee your monopoly."

So the government, which can’t secure its own personnel files, is now workshopping AI guardrails with the people whose products have already gone rogue and hacked other companies. Regulatory capture used to be a slow, subtle process. Under Trump, it’s just a calendar invite and a photo‑op away.
#oligarchy#forever-grifting
oligarchy

ground and pound the white house

The White House, now available for weddings, corporate retreats, and televised cage fights honoring Dear Leader’s 80th birthday.

The White House, now available for weddings, corporate retreats, and televised cage fights honoring Dear Leader’s 80th birthday.

UFC just torched about $30m on the "Freedom 250" — a mega-fight card staged at the White House to celebrate Donald Trump's 80th birthday, because nothing says "republic, not a monarchy" like turning the people's house into your personal pay-per-view party venue. High-roller guests reportedly needed to cough up around $1.5m for special access, which UFC quietly admits existed but gets very shy about pricing, like a luxury grift menu you only see once the black Amex is on the table. TKO Group's CFO Andrew Schleimer calmly told investors they "anticipated" the $30m loss, which is a very polite way of saying: we lit a small country's health budget on fire to give Dana White’s best friend a televised tribute from the lawn of American democracy. Sure, they brag about 34 million global viewers and a fat Paramount streaming deal, but the real spectacle wasn’t in the cage — it was the ongoing conversion of the White House into a stage prop for one octogenarian strongman’s brand, where public symbolism is just another backdrop for private fan service.
#oligarchy#forever-grifting
oligarchy

moral clarity discovered after first air raid, film at 11

Two presidents sit on a marble floor at the Vatican, as the fate of a European war and U.S. foreign policy is quietly negotiated somewhere between Trump’s ego and Zelenskyy’s patience.

Two presidents sit on a marble floor at the Vatican, as the fate of a European war and U.S. foreign policy is quietly negotiated somewhere between Trump’s ego and Zelenskyy’s patience.

Laura Loomer, professional outrage dispenser and Trump barnacle, flew to Kyiv, heard one (1) air raid siren, and suddenly realized that maybe Russia’s full-scale invasion is not, in fact, a Based Anti-Woke Liberation Tour. After years of calling Ukraine a land of “Nazi apologists” and recycling Kremlin fanfic for her followers, she is now posting about “moral clarity” and endorsing crushing Russian sanctions because, crucial detail, Iran wants Trump dead. Foreign policy, brought to you by the “will this hurt Dear Leader personally?” school of geopolitics.

The best part? Loomer’s new line is being treated as a major diplomatic development, because Zelenskyy says he’ll likely meet Trump in Washington while he’s in town for Lindsey Graham’s funeral. Trump jumped on Truth Social to grunt out a “Very good!!!!” about Loomer’s interview, which Kyiv commentators are reading as a sign the White House’s anti-Ukraine stance is softening. US strategy toward a live war zone now runs through a woman who just filmed herself eating a cheeseburger outside a missile-shredded McDonald’s to own… Vladimir Putin? Evangelicals get a bespoke message too: Loomer toured a bombed cathedral and explained you can’t really “protect Christianity” by, as she put it, trying to drone-strike Jesus.

Ukrainian officials, staring down ballistic missiles and daily civilian deaths, are understandably grateful for any crack in the MAGA-Russia bromance, so they’re rolling out the red carpet for Loomer and thanking her for her “courage” on social media. A former government adviser even calls this a historic break with Russian propaganda by part of the MAGA movement, which is a polite way of saying: we now depend on Trumpworld’s least hinged influencers to talk the base out of cheering for war crimes. American foreign policy has officially become a spin-off of the Trump Extended Universe, where a 15-minute Vatican chat and a Guardian write-up count as a “historic moment” in US-Ukraine relations.

#oligarchy#killing-democracy
oligarchy

trillionaire arsonist regrets playing with matches

Elon Musk explains that when he helped a president wreck the federal government, he was just having a little fun and everyone should relax because robots will fix it later.

Elon Musk explains that when he helped a president wreck the federal government, he was just having a little fun and everyone should relax because robots will fix it later.

Elon Musk, briefly the world’s first trillionaire and permanently the world’s neediest man, now says he "got carried away" with politics while helping Donald Trump back into the White House with a casual $200m and then moonlighting as the regime’s "financial axman" in the fake-sounding but very real Department of Government Efficiency, a.k.a. Doge. During his stint as Trump’s budget Terminator, he proudly oversaw $150bn in "harmful" cuts and shoved tens of thousands of federal workers out the door, then later mused on a podcast that, in hindsight, maybe he should’ve just stayed home and played with his companies instead of the U.S. government. Any glimmer of remorse doesn’t last long. In his 90-minute Economist infomercial, Musk preens about his political influence, declares that "people don’t realize that what I’m saying will come to pass", and is obligingly described as a modern-day Cassandra—if Cassandra had stock options, a god complex, and a history of union-busting. He pivots from dismantling the civil service to predicting AI will soon outthink humanity, work will be "optional", money will be meaningless in 10 years, and yet he’ll heroically pay "trillions" in tax someday so governments can send people checks in the post-scarcity utopia he personally midwifed by… firing park rangers and USDA inspectors. When not fantasizing about space datacenters that scientists warn will be catastrophic for Earth, Musk is busy laundering far-right politics as common sense. He rants about immigration and race in a country he barely visits, predicts a UK civil war, dodges questions about being anti-Muslim by accusing reporters of ignoring "rape and murder", and defends Europe’s far right as just "normal people" who want "safe cities" and "secure borders"—Stephen Miller with better branding and a rocket fetish. He also suggests Ukraine should hand Russia some land, because what’s a little territorial surrender between authoritarian-curious friends when your satellites are already in the mix? By the end, Musk is musing that the universe might be a computer simulation and that his own projects are so "preposterous" it’s hard to believe they’re real. Unfortunately, the part where a mega-rich tech baron bought himself a president, gutted the federal workforce, mainstreamed bigotry to 240 million followers, and then shrugged it off as getting a bit "carried away" is very real. The simulation, apparently, is accountability.

Source: theguardian.com

#oligarchy#killing-democracy#forever-grifting
oligarchy

trump’s ai cops suddenly care about theft

Michael Kratsios heroically defending America’s right to be the only one allowed to hoover up data and call it artificial intelligence.

Michael Kratsios heroically defending America’s right to be the only one allowed to hoover up data and call it artificial intelligence.

Donald Trump’s science and tech guy, Michael Kratsios, has discovered a shocking new phenomenon: corporations protecting their intellectual property… when it’s American. He’s accusing China’s Moonshot AI of running a "large scale" scheme to siphon capabilities from Anthropic’s Fable AI model using distillation, which is basically when a weaker model pesters a stronger one with questions until it becomes a slightly less stupid version of itself. Moonshot allegedly also found its way onto restricted Nvidia servers, because nothing says "secure critical infrastructure" like putting the future of AI on hardware guarded with the digital equivalent of a sticky note password.

Kratsios claims Moonshot used Anthropic’s tech to build its shiny new Kimi K3 model, which Chinese state-linked cheerleaders are bragging can rival top US systems. Naturally, the Trump administration’s response is not "maybe we should regulate AI" but "maybe we should sanction it." Treasury Secretary Scott Bessent went on Fox Business to float the idea of punishing overseas models that "steal from our great companies," carefully omitting the part where US firms happily scrape the entire internet and call it innovation.

All this moral outrage coincidentally ramps up just as Trump is prepping a September meeting with Xi Jinping, meaning AI theft is now another handy bargaining chip in the "art of the deal": protect our oligarchs’ models, threaten your oligarchs’ models, and hope nobody notices that the White House is turning the global AI race into a state-backed IP protection racket for a handful of powerful companies.

Source: bbc.co.uk

#oligarchy#national-security