Trump has somehow managed to make his stablecoin scampire even worse by bringing in the UAE, the Dem zio-centrist establishment is going all-in on war with Hasan Piker, and Texas Democrats are not even going for lay-ups in winnable races.
Three awful topics jammed into one great post. My August vacation has left me behind and I need to catch up on my various beats: Trump 2.0 regime corruptions, the US 2028 Elections, and the ongoing Large Language Model AI bubble.
Wednesday, I’ll be back to talk OpenAI, circular financing, Face Hugging and how doomerism feeds into AI hype.
No time to waste. Let’s get to it.
The UAE Spooks Don’t Spook Trump, Will His Scams Spook Them?
On August 14 the Office of the Comptroller of the Currency gave the Trump family’s crypto outfit preliminary conditional approval for a federally chartered national trust bank — the first time a sitting president’s family business has been handed a national bank charter.
Thirteen days later the Wall Street Journal reported that the largest stake in that bank’s holding company, 49 percent of it, belongs to a vehicle controlled by Sheikh Tahnoun bin Zayed al Nahyan — the United Arab Emirates’ national security adviser, the man the press calls the spy sheikh, and the man who runs G42, the Emirati state AI company the administration has been clearing to buy advanced American chips. A Trump family entity holds another 38 percent.
Talk about two great things that go great together. Imaginary dialogue:
Donald, Jr: “Hey you got your desperate, dying, mafioso petrostate money in my slapped together scampire!”
Tahnoun: “Hey you got your scampire in my asset portfolio which is otherwise full of oil and US treasury bonds I can’t sell!”
Both: “Hey wait, this makes arrow go up and to the right! We win again! Our enemies may be closing in but we’re too smart for them!”
Forgive me for that bad joke.
