Saturday, 2 May 2026

Three times within one year, the same pattern: Sons buy in, father delivers the contract.

 https://x.com/FurkanCCTV/status/2050252134885789968

Furkan Yildirim
Translated from German
On September 22, Kazakhstan's president promises the US president a tungsten mine. 36 days later, Trump's sons buy shares in the company that will receive it. 9 days later, the deal is official with 1.6 billion dollars in taxpayer money. Three times within one year, the same pattern: Sons buy in, father delivers the contract. In August 2025, Donald Trump Jr. and Eric Trump invest in a small New York construction firm called Skyline Builders. They buy through a vehicle named American Ventures, a subsidiary of Dominari Securities. Dominari brought the Trump sons onto its advisory board at the end of 2024. They also hold a stake in the parent company there. Skyline is, at this point, an unremarkable holding company for Asian construction business. Nobody writes about it. On September 22, Kazakhstan's president Tokayev meets Donald Trump and promises him: A US investment group called Cove Kaz will get the world's largest undeveloped tungsten deposit. Cove Kaz had competed against Chinese and Russian bidders. Tokayev chooses the Americans. This promise is informal. No contract, no official decision. Just a promise between two presidents. On October 21, the press reports on this agreement for the first time. Seven days later, on October 28, the Trump sons pump more money into Skyline. As part of a capital increase of just under 24 million dollars. Three days later, on October 31, Skyline buys a 20 percent stake for 20 million dollars in a company with, quote from the filing, "significant holdings of critical minerals in Asia." This company is Kaz Resources, a subsidiary of Cove Capital, which will develop the tungsten project. On November 6, Cove Kaz and Kazakhstan announce the deal officially. 70 percent of the mine belongs to Cove. 30 percent to the Kazakh state. Planned investment amount: 1.1 billion dollars. The US government gets involved. The state-owned US Export-Import Bank issues a commitment for up to 900 million dollars in project financing. The state-owned US Development Bank adds up to 700 million dollars. That makes up to 1.6 billion dollars in taxpayer money together. On April 30, 2026, Skyline and Cove Kaz merge. The merged company goes public on Nasdaq. Planned ticker: KAZR. The names of the Trump sons do not appear in a single press release. Why tungsten? Tungsten is the metal with the highest melting point in the world. It's in armor-piercing ammunition. In kinetic interceptors for missile defense. In hypersonic weapons. In every semiconductor. In F-35 engines. Christopher Ecclestone, mining strategist at Hallgarten in London, says: The Pentagon wants tungsten at any price. China controls over 80 percent of global tungsten production. In February 2025, Beijing imposes export restrictions. Prices for ammonium paratungstate, the international benchmark for tungsten, have jumped by over 40 percent since then. The USA closed its last domestic tungsten mine in 2015. Whoever can tap a new, reliable source is sitting on a gold mine. Exactly this vein goes to the sons of the US president. Co-financed with taxpayer money. The CEO of Cove Capital, Pini Althaus, tells the Financial Times verbatim: Cove received "direct support from President Trump, Secretary of State Marco Rubio, and Commerce Secretary Howard Lutnick" to secure the mine. Lutnick himself sent a personal letter to the Kazakh president to support the deal. This emerges from an investor presentation that Skyline filed with the US securities regulator. Pini Althaus, by the way, founded another minerals company before Cove: USA Rare Earths. It also received over 1.5 billion dollars in conditional US government funding in mid-2025. That's the background. Now to the pattern. In August 2025, a venture capital firm called 1789 Capital invests in a startup called Vulcan Elements. Donald Trump Jr. is a partner there. Vulcan manufactures magnets from rare earths. Three months later, in December 2025, Vulcan gets a Pentagon loan of 620 million dollars. Plus 50 million dollars as an equity stake from the US government. It is the largest loan ever granted by the Pentagon's strategic capital office. Trump's Executive Order 14241 had previously lifted the requirement for independent technical review of such awards. In March 2026, the Trump sons invest in a drone manufacturer called Powerus. Lieutenant General Keith Kellogg, former security advisor to the vice president, sits on the advisory board. A few weeks later, the US government launches a drone program with a budget of 1.1 billion dollars. Powerus wants to draw contracts from it. The company's planned stock ticker: PUSA. Now Cove Kaz. KAZR. 1.6 billion dollars in taxpayer money. Three cases. Twelve months. The same pattern. The Wall Street Journal has estimated the Trump family businesses since the re-election at a total of at least four billion dollars in revenues and paper wealth. Crypto, drones, rare earths, tungsten, Bitcoin mining, prediction markets. Eric Trump said in an interview that in the first term they "got no thanks for their restraint." This time, they're not holding back. In March 2026, Democrats in Congress try to force Donald Trump Jr. to testify under oath about the Vulcan deal via a court subpoena. Republicans block the committee vote. The legal assessment of this will take years. But two things are already certain now. First: Anyone taxable in the USA finances, through majority structures, a mining deal in Kazakhstan in which the president's sons are involved. Without this involvement being mentioned in the official press releases. Second: If the same pattern occurs three times in one year, it's not a coincidence. It's a method. If you're interested in such macro insights and they help you, feel free to engage with the post. 🧡
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https://x.com/FurkanCCTV/status/2050252134885789968

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