Howard Lutnick

We’re not at war right now, according to House Speaker Mike Johnson. The U.S. and Israeli governments are not aware of a strike on a girl’s primary school in southern Iran that killed 165 people, most of them girls aged 7 to 12, and wounded close to 100 more. Reports on the deaths of six U.S. troops killed in an Iranian drone attack are just attempts by “fake news” outlets to make President Donald Trump look bad, according to Secretary of War Pete Hegseth.

Graves being dug for victims following a strike on a school in Minab, Iran. Source: Iranian Foreign Media Department/WANA (West Asia News Agency)/Handout via REUTERS

Since there’s clearly not much of interest going on right now, perhaps we should turn our collective gaze to the one thing Trump can’t stop talking about: his $400 million, 90,000-square-foot White House ballroom. “I picked those drapes in my first term—I always liked gold,” said Trump at a Medal of Honor ceremony for three Army soldiers earlier this week. “I believe it’s going to be the most beautiful ballroom anywhere in the world.”

The ballroom will be almost twice the size of the actual White House. It is being built on the site of the demolished White House East Wing and is being funded by Trump himself as well as his good friends at Amazon, Apple, Google, HP, Lockheed Martin, Microsoft, Meta and Palantir. The Lutnick Family is also a donor. U.S. Commerce Secretary Howard Lutnick will appear before the House Oversight and Government Reform Committee as part of the panel’s investigation into his close relationship with convicted sex offender Jeffrey Epstein.

The National Capital Planning Commission released more than 9,000 pages of comments denouncing the project this week. The National Trust for Historic Preservation sued the Trump administration in December over the project, claiming the White House had been carrying out the construction unlawfully because Trump hadn’t gotten approval from Congress or submitted his plans to the National Capital Planning Commission and the Commission of Fine Arts for review.

The Commission of Fine Arts signed off on the project last month and the National Capital Planning Commission is also expected to give their seal of approval.

The gilded ballroom is reminiscent of the Palace of Versailles, built by French “Sun King” Louis XIV. His reign lasted for more than 72 years, the longest of any monarch in history. The inside of the palace was a testament to gold-plated opulence, while the estate’s Royal Menagerie boasted expansive gardens and exotic animals including ostriches and an elephant.

The Sun King eventually made Versailles the de facto capital of France, first using it to promote himself to European nobility through a series of nighttime festivals. It was leveraged to court elites and leaders from around the world, with an Embassy from Iran visiting in 1715. The Palace was a center of diplomacy, lobbying, intrigue, spying and all manner of scandal.

Louis XVI would be the last King of France. It was during his reign that the lower and middle classes rose up, the French Revolution began and the monarchy was abolished. Louis XVI was seen by many as the embodiment of elite tyranny, an example of old money excess that had outrun its course and was standing in the way of the principles of Enlightenment that would usher in a new age of the democratic republic. Louis and his wife, Marie Antoinette, were both famously arrested and executed by guillotine, and Versailles became a public establishment.

Trump’s gold-plated ballroom and its corporate benefactors are a stark reminder of what happens when elite power goes unchecked for too long. That it’s being constructed in the midst of what could become World War III, while an unprecedented global money laundering and sex trafficking scandal is being actively suppressed by his administration, is a disgrace.

Trump views his ballroom as the crowning achievement of his Presidency, a testament to the wealth and influence of his family and close friends, members of an elite billionaires club that don’t need planning permissions to get things done and unequivocally don’t need to respect laws.

We can only hope The Golden Ballroom goes down in history as a symbolic turning point for the United States. A time when citizens realize the two-party system they’ve been yoked under for so long does not represent their interests or their wellbeing. When they realize their federal government is designed to polarize and oppress them while ensuring One Percent of the global population keeps getting richer and more influential while the bottom tier experiences calculated and systemic suffering.

Extreme imbalances of power tend to be great equalizers. Now is the moment to level the playing field.

The Manhattan apartments where Epstein and Lutnick resided for more than 2 decades

When U.S. Commerce Secretary Howard Lutnick was questioned at a Senate Appropriations Subcommittee hearing earlier this month, the focus was on his personal relationship with Jeffrey Epstein. Lutnick walked back statements he had previously made and revealed he and his family had visited Epstein on his private island.

But the Epstein files contain much more damaging information about Lutnick, who was Epstein’s New York City next door neighbor for more than 20 years. Les Wexner, the billionaire behind Victoria’s Secret and Abercrombie & Fitch, originally owned both buildings. Wexner has recently come under scrutiny for his decades-long business dealings with Epstein.

Lutnick also had a long-time business relationship with Epstein, including an investment contract signed in 2012 for a digital ad company called AdFin Solutions. Lutnick signed on behalf of an LLC controlled by investment firm Cantor Fitzgerald, where he served as CEO. The deal was made five days after Lutnick and his family visited Epstein on his private island.

Perhaps the most damning allegations against Lutnick are contained in an FBI whistleblower complaint dated 04/23/2021. Titled “Alleged Money Laundering by Howard Lutnick via BGC Financial and Cantor Fitzgerald,” the complaint alleges “fraud, money laundering, Ponzi schemes and regulatory breaches by [redacted] and CF.” Lutnick was chairman and CEO of financial services company BGC, a spinoff of Cantor Fitzgerald, until he was appointed Donald Trump’s Commerce Secretary.

The FBI complaint also links Lutnick to illegal activities with JP Morgan, Russian hedge funds and other senior finance executives. Jes Staley, former CEO of JP Morgan, resigned as CEO of Barclays in 2021 after a U.K. regulatory investigation about his relationship with Epstein. He was subsequently banned from the U.K. financial sector for misrepresenting his relationship with the convicted pedophile.

“[Redacted] has documented proof showing money laundering and Ponzi schemes by Lutnick via offshore shell companies, liquid funding, and real estate brokerage firms,” states the FBI complaint. “[Redacted] believes he has supporting documents which could link Lutnick to Jeffrey Epstein and Ghislaine Maxwell. Maxwell and Sarah Ferguson, a royal family member, host events called La Dolce Vita Parties, where high profile celebrities and executives contribute large donations to attend. The donations are linked to causes involving children. Lutnick made ‘huge donations’ to these events.”

An earlier FBI interview with presumably the same whistleblower offers more insight about the money laundering, speculating it was from the Russian Mafia. It also alleges “Lutnick gave Sarah Ferguson office space above Cantor Fitzgerald in New York for the Children in Crisis (CIC) charity. Ghislaine Maxwell and Ferguson would attend Dolce Vita Parties which raised money for CIC and Stowe School. CIC no longer existed.”

Children in Crisis merged with another organization in 2018. Stowe School is an elite British private boarding school whose alumni include Richard Branson (a prominent figure in the Epstein files), the actor Henry Cavill, Prince Rainier III of Monaco, along with dozens of well-known British royals, politicians, entertainers, journalists and athletes.