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"Trump’s real base of support — the billionaires, Big Oil, Big Tech and AI, Big Crypto, defense contractors, and Wall Street — know that the midterm elections may limit what they and Trump can get away with starting a year from now.

So, 2026 could be the last year they can cash in. This means they’re likely to loot America even more this year than in 2025."

~ Robert Reich

#Trump #Venezuela #EconomicElites #oil #TechBros #crypto #AI #broligarchy
/13

https://robertreich.substack.com/p/sunday-thought-the-looting

Sunday thought: Even worse

Friends,

William Lindsey :toad:

@wdlindsy@toad.social replied · last week

"Big Oil just cashed in big. By taking over Venezuela, Trump effectively gave America’s biggest oil companies the world’s largest proven oil reserves — estimated at around 303 billion barrels, roughly one-fifth of total global oil reserves.

It’s part of the deal he struck with Big Oil in the 2024 campaign, when it agreed to back him in return for his rolling back environmental regulations."

#Trump #Venezuela #EconomicElites #oil #TechBros #crypto #AI #broligarchy
/14

William Lindsey :toad:

@wdlindsy@toad.social replied · last week

"Big Oil has continued the gusher — contributing to his ballroom, his PAC, and his investments. Ditto Big Tech and AI, Big Crypto, the biggest banks, biggest defense contractors, and so on."

#Trump #Venezuela #EconomicElites #oil #TechBros #crypto #AI #broligarchy #ballroom
/15

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