Posted on 10/30/2024 2:43:26 AM PDT by Libloather
As red states like Florida, Indiana and Missouri pass laws banning their state investment boards from involvement with Chinese funds, Minnesota Gov. Tim Walz has allowed his state’s backing of Beijing to grow.
As governor of the Land of 10,000 Lakes, Walz — the Democratic vice presidential candidate — has significant authority over the selection of members of the Minnesota State Board of Investment (SBI), who are typically either elected or appointed by a comptroller or treasurer in other states.
Since Walz became governor in 2019, SBI appointees have directed roughly 70% of the approximately $1.3 billion moved into Chinese funds — about $910 million, according to a data analysis by the nonpartisan watchdog group Future Union.
“The governor selects and appoints the members of the board of directors that oversee the pension. It is not an elected board,” Future Union executive director Andrew King told The Post. “Simply stated, Gov. Waltz is the most significant elected person in government with personal responsibility and accountability to control investments.”
While the board has claimed it has not made any new investment into Chinese funds since the year Walz took office, King said that is misleading because it continued existing investments — even in TikTok parent company ByteDance — throughout the governor’s tenure.
Investments in Chinese funds represent a national security risk for a number of reasons, King said. While US dollars fueling the Beijing economy is concerning on its own terms, it’s often the “relationship elements and knowledge that are far more impactful — and dangerous — if transferred to an adversary.”
(Excerpt) Read more at nypost.com ...
Has Tim Walz registered as an agent of a foreign nation?
Isn’t it a Federal crime not to register?
Since Walz became governor in 2019, SBI appointees have directed roughly 70% of the approximately $1.3 billion moved into Chinese funds — about $910 million, according to a data analysis by the nonpartisan watchdog group Future Union.
70%?????
That needs to be explained.
bump to the top
He won’t even comment on the now 450 million dollars missing from his Feeding Our Future and other “programs”.
Local media refuses to ask about it.
Only Alpha News seems to be doing the job of real journalism, and what they’ve uncovered is incredible!
They also produced “The Fall of Minneapolis” video, which exposed much of the George Floyd fraud.
China is in the beginning of what promises to be an epic financial collapse. Any money invested there is a total write off. The CCP is a drowning man who will drag down anything close in an attempt to save itself.
Gov Walz’ hand-picked appointees to the Minnesota State Board of Investment (SBI) have directed roughly 70% of some $1.3 billion tax dollars into Chinese funds — about $910 million,
according to a data analysis by the nonpartisan watchdog group “Future Union.”
How much of those millions landed in Walz’s pocket?
China has been previously noted for colluding with
US officials to kickback funds coming from states.
Maybe Tim receives a kickback commission on sales.
Not only that Chinese funds are the worst performing funds in the world. He belongs in prison...
Good find.
Isn’t Timmy the guy who had an affair with a Communist Party Officials daughter? Timmy the Morman. Timmy the Marxist.
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