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2.) Asian ownership was 121 units (13%) and Entity (ShellCo & LLC) ownership was 52 units (6%), representing 19% of project ownership. But fast forward to 2019 and behold, the project not only survived but is apparently flourishing. 3.) A foreign government/agency communicates, in advance of a public announcement, with a US Government Officer, insider information on a particular US Listed Foreign Stock in which the Government Officer might take a financial position or two, directly benefiting that Officer. There’s a reason our lawmakers arrive in Washington in debt and leave with wheelbarrows full of treasure. The dollar will keep appreciating until the Chinese no longer want it to, and they decide that they will no longer be hording dollars.

4.) Since most citizen actions “lack standing” for one reason or another, emoluments issues and enforcement are usually policed internally, i.e.) By the US Government Agency involved against the Government Officer recipient in the alleged emolument. For White house officials, Congressmen/Women and Senators they are theoretically self policing. 1.) Officers of the US Government have long been held accountable and the rules are well established to prevent them from accepting benefits from a foreign entity without congressional approval. 5.) A Navy surgeon’s receipt of a “token of thankfulness” from a foreign government for his services on behalf of one of its citizens. As an aside, I would see nothing wrong with firing every US Banker with the term “International” on his or her business card with a title above “VP” as well as some relentless prosecution and multi-decade jail time for the arsonists, as opposed to relying on them to fix the problem . We didn’t do this after the GFC and look where it got us.

I’d also venture an educated guess that the financial help, connections and business acumen of the Vice President of the United States probably didn’t hinder the inevitable, eventual success of this project either. Shortly after formation, the Biden Real Estate Holdings LLC entered into a private partnership with a series of New York LLC’s (Hudson Waterfront Company A, B, C, etc.). The Hudson Waterfront Company LLC’s, et alprimary purpose was to re-market and redevelop a struggling, underfunded NYC real estate project known as the “Riverside Boulevard Project”.

Conversely, “non-systemic banks”, without direct FED/liquidity access and “free capital” are forced to maintain higher cash balances, have no/little access to these global-fee-generating-boondoggles, starving them of albeit fleeting/fake earnings. Because of this structure, non-Systemic banks have become dangerously dependent on the generosity and largess of the Big “Systemic” banks to lend a helping hand when times get tough. What’s been going on in our country, for decades, is about as removed from the intent and aspirations of the framers of our Constitution as could possibly be imagined. 2.) A foreign government directs its citizens to “invest” in specific residential real estate projects either by purchasing individual units or entering into leases at above market rates, where the US Government Officer or an immediate family member has a specific interest in an LLC, which owns part of the real estate project. The FED has, apparently unbeknownst to them, abandoned their mandate to use monetary policy to 1.) Provide full employment, and 2.) Maintain price stability. I’d also argue that we are long past the point where any additional stimulus has any impact whatsoever on the “real”, domestic, US economy.

Again, we know this with certainty, since there are no material RMB deposits or RMB denominated financial assets in any non-Chinese Banking systems anywhere in the world. This $27.321 Trillion can move freely around the globe between US Dollars, Euros, Sterling, Yen, Hong Kong Dollars, Canadian & Aussie Dollars, Rupees, Pesos, etc. etc. etc., but it’s never been converted to RMB. After decades of $500 Billion (plus/minus) annual global trade surpluses you’d suspect that the Chinese must own not only a significant amount of US Dollar deposits scattered all over the world, but significant financial assets (Stocks, Bonds, Real Estate, etc.) as well, and you’d be correct. Over the last two decades the West has transferred roughly $11.266 Trillion (in Dollars, Euros, Yen, Sterling, etc.) as a result of these trade surpluses. They provide dollar liquidity at any and all cost. At some point we’re all going to be knee deep in monetary拉屎.

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Once the world loses its appetite for US Dollars, it must begin investing, storing and converting it to “other stuff”. What that “stuff” might be is up for debate, but it’s clear that whatever it is will be deeply discounted, as will the assets currently denominated in US Dollars. Of course, the ultimate end game is that the Chinese Communist Party is betting that RMB assets will finally be a viable global alternative to US Financial and European Financial Assets .

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After public protests in 2013 and early 2014, the Ukrainian parliament had voted to remove Yanukovych and called for his arrest. Under the new Ukrainian government, authorities in Kiev, with the encouragement of the Obama Administration, launched an investigation into whether Zlochevsky had used his cabinet position to grant exploration licenses that benefitted Burisma. (The status of the inquiry is unclear, but no proof of criminal activity has been publicly disclosed. Zlochevsky could not be reached for comment, and Burisma did not respond to queries.) In a related investigation, which was ultimately closed owing to a lack of evidence, British authorities temporarily froze U.K.

1.) The cost of “Overnight money” spiked to 10% on Sept 17th, indicating that Banks (with spare money/reserves) were unwilling to lend to a particular Entity or Entities under current conditions, so the FED are instructed to step in as the lender of last resort. There’s something good-natured about all of this, even, in its fashion, vaguely utopian. Pornography’s numerous critics tend to take the genre very literally, as if porn aspired to be social realism. But a better comparison is science fiction, another genre that takes a “what if” approach to bodies and societies. Like sci-fi, porn replaces existing realities with wild alternative universes (against which to measure the lackluster, repressive world we’ve inherited).

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1.) Total Liabilities/Deposits held inside the US Banking system by foreigners has increased $167 Billion in the last year. Total US Dollar deposits held by foreigners is $5.3 Trillion. 5.) Most importantly, again for emphasis, the Global USD increase over the last two years was primarily attributable to domiciles outside the United States (88%), with only 12% of the USD increase attributable to US Cross-Border Bank Liabilities/Deposits.

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The plan for the development was to refinance the property, make significant capital improvements, cut some operating costs, re-position the brand and sell off remaining units at a higher price point. Most people who understand what’s happening would say “Of course these are Emoluments!” which could influence the decision making and legislation biases of the targeted government officer. But when you really begin to peel the onion back, how in the world do you investigate this, or even find out about it? Any investigator can ask lots of questions, but without significant leg work, whistle-blowers and/or resource/time spent, it’s likely schemes like this will go undetected for a long time, or perhaps forever. When every little piggy in the good-old-boy network is racing to the trough, it would be the rare piggy indeed who’d refuse the never ending buckets of slop, and spoil the party for the entire pigsty. Through the miracle of compounding interest, we can estimate that the value of Western Assets controlled and direct-able by Chinese Communist Party, members and agents is roughly $27.321 Trillion if invested at the S&P Total Return as described in the table below.

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