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Tim Walz’s Minnesota state investment board stepped up contributions to Chinese funds during his tenure
NY Post ^ | 10/29/24 | Caitlin Doornbos

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 ...


TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: china; funds; minnesota; walz
And the chicoms gave it right back to Pedo Pete. That's weird.
1 posted on 10/30/2024 2:43:26 AM PDT by Libloather
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To: Libloather

Has Tim Walz registered as an agent of a foreign nation?

Isn’t it a Federal crime not to register?


2 posted on 10/30/2024 3:12:11 AM PDT by CIB-173RDABN (My opinions are the rusult of 80 years of life, you may not like them but who cares.)
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To: Libloather

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.


3 posted on 10/30/2024 3:31:39 AM PDT by Red in Blue PA (You can vote your way into socialism, but you have to shoot your way out.)
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To: Libloather

bump to the top


4 posted on 10/30/2024 3:34:53 AM PDT by GOPJ (Democrat fraud: They vote the people who don't show up to vote. Everything else is red herring...)
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To: Libloather

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.


5 posted on 10/30/2024 3:46:42 AM PDT by Fireone ("and dumb & silent we may be led, like sheep, to the Slaughter." G. Washington 1783)
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To: Libloather

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.


6 posted on 10/30/2024 3:57:10 AM PDT by Gen.Blather (Wait! I said that out loud? )
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To: All

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.


7 posted on 10/30/2024 3:58:17 AM PDT by Liz
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To: Libloather

Maybe Tim receives a kickback commission on sales.


8 posted on 10/30/2024 4:24:16 AM PDT by chopperk (air)
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To: Liz

Not only that Chinese funds are the worst performing funds in the world. He belongs in prison...

https://www.scmp.com/business/markets/article/3245225/enduring-pain-90-chinas-equity-funds-suffer-market-loses-us1-trillion-value


9 posted on 10/30/2024 4:53:14 AM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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To: HYPOCRACY

Good find.


10 posted on 10/30/2024 5:18:49 AM PDT by Liz
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To: Libloather

Isn’t Timmy the guy who had an affair with a Communist Party Officials daughter? Timmy the Morman. Timmy the Marxist.


11 posted on 10/30/2024 5:32:18 AM PDT by Jumper
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