Trump Names Hedge Fund Manager as National Finance Chairman

Is the man a genius, will this move cut Hillary’s and the left’s (Democrats-NeoCon) fund raising ability?

Can Mr. Trump rely on American Europeans to help finance what could total a $5 billion election campaign cycle?

There are 34 senate seats up in 2016, of which 24 are held by Republicans. Democrats will need to gain 4 or 5 seats to take control.

Republicans currently have 247 house seats to Democrat 188 seats.

The same American Europeans who recently were selling their souls as republican delegates for a steak dinner?

The same American Europeans who don’t participate in their own government?

The same American Europeans who let their kids and wife negate his vote?

The same broke ass American Europeans who have recently been economically disenfranchised?

The same broke ass economically disenfranchised American Europeans who the left will ensure remain that way?

The Good, The Bad, The Ugly

Just two days after locking up the Republican presidential nomination, Donald Trump is moving quickly to build a fundraising operation capable of reeling in hundreds of millions of dollars he’ll need to win the White House, republican senate, republican house.
Ultimately, a possiblity of 3 to 4 supreme court appointments?

What will the trade-offs be?

Will stronger re-industrialized U.S. economy need investors?

Will investors need a stronger U.S. economy?

Is there some strange bedfellow (It is common knowledge that “politics makes strange bedfellows.” ) coalition building going on here?

Are we playing high stakes chess or beer hall checkers?

Heading up the operation as national finance chairman will be Steven Mnuchin, a business associate of Trump’s and also chairman and CEO of Dune Capital Management LP, the campaign announced on Thursday.

Mnuchin, a registered Republican, said he joined the presumptive Republican nominee at Trump Tower on April 19, the night he won the New York primary. The next day, Trump asked him to join the campaign.

Mnuchin spent 17 years at Goldman Sachs Group Inc., working his way up to partner and becoming head of the mortgage department before joining Hank Paulson in the executive suite, becoming the firm’s chief information officer in 1999.

In 2003, the new finance director started a hedge fund with $1 billion from George Soros, the liberal New York financier who has spent more than $13 million to support Hillary Clinton and other Democrats this election cycle.

Starting his career in the early 1980s as a trainee at Salomon Brothers before moving to Goldman Sachs in 1985, Mnuchin was front and center for the advent of instruments like collateralized debt obligations and credit default swaps. He has called securitization “an extremely positive development in terms of being able to finance different parts of the economy and different businesses efficiently.” The pitfalls of the financing method came later, he’s said.

5 Comments on Trump Names Hedge Fund Manager as National Finance Chairman

  1. This seems to follow the same path, as Putin, Hitler, and Mussolini. Using supposed “at odds” funding mechanisms and sources, to better position himself, for furtherance of his political agenda, later. The real test, for Americans and in fact, the world, will be whether he is in the near future, only going to keep the non-productive, debt/credit/finance industry as it is, or start helping America, manufacture again.


    • joenorthpal // May 6, 2016 at 1:58 am // Reply

      “non-productive, debt/credit/finance industry”?
      You need debt/credit/finance in a capital economy.
      It’s the usury and speculation that you don’t need.
      We are a long way away from killing that beast.
      Get jobs back, stop mass immigration/migration, military adventurism, reduce the welfare state, dismantle cultural marxism in our institutions, would be a wet dream for now.

      Liked by 1 person

      • The more I read about and think about usury, the less sense it makes. If the state already controls the people’s money – which is a fiat currency – why should private institutions (the Fed, banks) get to profit off of it? Why not have public, not-for-profit banks?

        If money is nothing more than a medium of exchange, why do we need private banks?

        Liked by 1 person

      • joenorthpal // May 6, 2016 at 1:00 pm //

        In a market-based system you cannot have politically directed credit, however well intended. To do so risks not just pork-barrel politics but, more to the point, the possibility that governments would end up bankrupting the country giving free credit for all.
        Government is the most inefficient corrupt and deadly institution ever created by man, which is why keeping it small, clearly defined, tightly monitored and controlled is tantamount to liberty and freedom.
        Unfortunately, we let any and all breed, producing a wide IQ spectrum low to high resulting in the need to keep the insane and dummies in check.
        In the past 150 years or so, the insane and dummies along with women, were allowed to vote transforming a once great republic into a pseudo ‘Democracy’.
        Pseudo because true Democracy as originally conceived by the Greeks was never ‘one man one vote’.
        It wasn’t until 1963 that “One person, one vote” became a widely articulated core principle of the Constitution when it was first spoken by Chief Justice Earl Warren’s Supreme Court.
        Ask Mike Sledge about Earl Warren.
        This basically short circuited the Connecticut Compromise of the bicameral legislature adapted by the constitutional framers, pushing us further towards the domination of a Federal central controlled state via a Unicameral legislature which can only work in a ethnic homogenized society.
        Otherwise it is nothing more than a Bolshevik tool used by a small privileged foreign species to dominate and control a host (conquered) nation.
        Nothing conspiratorial about it, it happened all throughout history.

        Participation and control of your government especially local is not only paramount but a basic duty and responsibility of men in their nation state.
        As Aristotle once postulated “The whole is greater than the sum of its parts.” – Collectively, you are able to achieve an outcome superior to that of 1 or 2 people working alone.


  2. Tyler the Titan // May 6, 2016 at 1:50 pm // Reply

    Great article and comments! Thanks for keeping up to date on the latest Trump
    News! Joe you do a great political commentary article!

    Liked by 1 person

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