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How Much Do The Pelosi’s Have Invested In China
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Don't know, yet . . . But this site has an interesting article. Zim.
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http://andmagazine.com/talk/2020/04/16/shes-not-speaking-for-you-how-much-do-the-pelosis-have-invested-in-china/
Pelosi may present herself as the defender of the little guy. She is anything but. In 2018 her net worth was roughly $160 million. She is married to Paul Pelosi who runs a top tier investment and real estate firm in San Francisco. Over the course of decades, as Nancy has risen through the ranks of the Democratic Party, the Pelosi’s have gotten fabulously wealthy.
There have been any number of allegations over the decades that Nancy and her husband have profited in ways that are clearly illegal from the access a senior politician enjoys. Over a span of years, Nancy Pelosi used her influence to steer more than $1 billion to the expansion of a light rail line into a San Francisco neighborhood where her husband owned commercial property and in which business associates of his then purchased additional properties. The value of real estate in the area exploded with the arrival of light rail, and the Pelosi’s made a killing.
There has also been an almost unending number of allegations that Paul Pelosi has benefited from what is known as insider trading. That is, he has made sometimes enormous purchases of stocks based on information allegedly provided to him by Nancy, who was privy to sensitive, non-public information by way of her position.
The most recent example occurred earlier this year. Nancy Pelosi had meetings in mid-February where she was handed secret information about the Coronavirus that the rest of the country was not given. Immediately following those meetings Paul Pelosi made massive purchases of stocks in tech companies in which he had not previously invested. All those companies have since substantially outperformed the market, and Pelosi has made huge profits.
In 2014 Paul Pelosi invested in a company called SunEdison solar energy. Shortly thereafter with the assistance of his wife, SunEdison received $1 billion in federal subsidies.
There is something else at work here, however. Paul Pelosi does not just buy and sell commercial real estate. He doesn’t just cash in on his wife’s influence and privileged status. He invests, and much of that investment is in Asia generally and China specifically.
Nancy Pelosi has long condemned the outsourcing of manufacturing jobs to foreign countries by American corporations. But the Pelosi’s investment portfolio contains no investments in any domestic manufacturing companies. Instead, it has extensive holdings in dozens of companies such as Cisco, Sun Microsystems, Apogee Networks, and Netclerk that outsource jobs and have non-unionized workforces.
According to her 2011 financial disclosure statement, Pelosi received between $1 million and $5 million in partnership income from Matthews International Capital Management LLC, a group, which brags about its “singular focus on investing in Asia.” Paul Pelosi was listed as one of the Directors of Matthews International Capital when it was formed in 2010. Funds managed by the company include the Asian Growth and Income Fund, the China Dividend Fund, the Pacific Tiger Fund, and the China Fund.
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As we go forward after the pandemic and contemplate how to change the nature of our relationship with China and “decouple,” Nancy and her husband and all of their globalist friends are “the opposition” we will have to overcome. You may think climbing in bed with Beijing and its cronies was a very bad idea. The Pelosi’s beg to differ.
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More at the link.
Zim.
Mad Poet Strikes Again.
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