This marks the first time in US history that a sitting president has gained personal veto authority over a major industrial corporation through a 'golden share' mechanism. Unlike past government interventions that operated through agencies or committees, this places direct control in the hands of a single individual, creating a new paradigm of personalized economic authority.
Trump's 'Golden Share' Power Over US Steel Signals Economic Control
📰 What Happened
In July 2025, Donald Trump secured direct veto power over US Steel through a 'golden share' arrangement with Nippon Steel, making him the only individual with control over America's third-largest steel producer. Simultaneously, the Pentagon invested $400 million in rare-earth miner MP Materials. 'You know who has the golden share? I do,' Trump declared at a Pittsburgh AI summit on July 15. These moves represent unprecedented government intervention in private industry outside of wartime conditions.
📖 Prophetic Significance
The convergence of presidential control over steel production with Pentagon investment in rare earth minerals creates an unprecedented technological control mechanism. This system enables government oversight of both traditional manufacturing (steel) and advanced technology supply chains (rare earth elements essential for AI, quantum computing, and defense systems). This aligns with Revelation's prophecies about centralized economic control, but through sophisticated corporate governance structures rather than direct force. The 'golden share' mechanism demonstrates how modern financial instruments can enable individual authority over vast economic resources.