You left out finance guru
Big D vs Twitter
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Speaking of finance, in breaking news we learn that Hunter Biden is under investigation for tax evasion and money laundering in relation china.
This is a most sudden development, which has only just come to the attention of credible news sources on the day after the states have certified.
This is a most sudden development, which has only just come to the attention of credible news sources on the day after the states have certified.
LOL i did find it amusing that BBC also broke it today.
Well that's what you pay that licence fee for. And this is what you pay those pension contributions and cast those presidential votes for...
[article]
Goldman Sachs Racing to Be First With 100% of China Venture
Goldman Sachs Group Inc. is inching closer to becoming the first Wall Street bank with 100% ownership of its securities joint venture in China, paving the way for an aggressive expansion as the Asian nation opens its $50 trillion financial market wider to foreign firms.
The New York-based bank has started the process of getting clearance from regulators to take full control of Goldman Sachs Gao Hua and signed a definitive agreement with its partner to buy the 49% of the venture it doesn’t own, according to an internal memo. A Hong Kong-based spokesman at Goldman Sachs confirmed the contents.
The move will end Goldman Sachs’ 17-year collaboration with Beijing Gao Hua Securities and gives the firm free rein to pursue an expansive growth strategy that includes boosting its workforce in China to 600 and ramping up in asset and wealth management. Wall Street giants are rushing to gain a bigger foothold as China’s market opens, jostling to capture a share of profits that are estimated to swell to $47 billion in investment banking alone by 2026.
https://www.bloomberg.com/news/arti...pply-for-100-ownership-of-china-joint-venture
[/article]
This is the first of many, not surprising Goldman are ahead of the pack, that's where they usually are. The woke american voters are such clowns, but I for one shall now love to see it.
Yet another dantes was right after all shocker, to add to the long long list of others.
Let us pray this one isn't added to the list. It might need thoughts as well as prayers to be honest.
Haha hardly prescient. Western financial institutions have been here for 20 years (many are the RE presentations I've given to those twats) and always edging towards 100% ownership. It was only a matter of time.
I know that. You will also know then that the purpose of ownership is not for western institutions to "compete in chinese markets", it's for the chinese communist party to bring western investors to them. Other people a month ago didn't seem to know that when typing words to the effect of "you're wrong, you conspiracy theorising brainwashed cunt".
China is the second biggest economy on earth, and the fastest growing. I'm pretty sure that they're there to take the piss out of all that new wealth, just as they've been doing in the West for decades.
The bit I don't get is the risk. What happens when China says lol we didn't mean it, you're ours again now.
The bit I don't get is the risk. What happens when China says lol we didn't mean it, you're ours again now.
Oh you were talking about the risk to Goldman. I was referring to the risk to western capital who will now park their money in china because they can "trust" a reputable firm like Goldman to "invest" in a market than nobody aside from you has googled to check that it doesn't actually exist.
Of course ... and for those Western institutions to make huge profits most of which they will repatriate (yes, the Chinese Govt. do deals with MNCs to permit this).
I'm more arsed about the fact that the type of gangster capitalism that Goldman are involved in is now the norm around the world. They intentionally sold shit assets for years and then shorted those same shit assets knowing they were shit and then one day in 2008 a tiny bit of logic broke out by mistake and the whole thing collapsed, but all the govts of the world had a whip round and paid them trillions to carry on. Matt Taibi wrote that they are “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” and that's the prob. They're mostly owned by other financial institutions, blackrock, citigroup etc, so instead of a squid it's an ouroborus, or some sort of helter skelter crossed with a pyramid scheme. So now they're doing the same in China. When Spacex gets to Mars the first person to touch down will be a Goldman salesman looking for another billion dickheads.
Lol unless creepy joe introduces a 2% tax rate, those profits ain't get repatriated into the us economy. Meanwhile the investor capital being managed by goldman will be repatriated into his excellency's rear pocket.
What does it matter where the money ends up? The Dow is at an all time high, the FTSE was before this mess, but you've still got millions of people needing to do three jobs just to pay the bills and millions more on the streets. The economy should not be measured by numbers on a screen at Goldman when it has zero reflection on the health of a nation.
That situation was brought about by Bill Clinton's globalist trade agreements. Whether he did that for the money which definitely ended up in his pocket or for access to underaged kids is anyone's guess. Probably both.
This Texas case at the Supreme Court is turning into a real shit show.
Yesterday Trump "intervened" and got 17 Republican state attorney generals to add their support to the case.
Today 23 Democrat states have filed to the Supreme Court to oppose the Trump intervention.
The opposition brief criticises the one in a quadrillion expert report and lmao they have no clue why that number is mathematically wrong. So you have one fucking moron academic presenting a dumbass number to the court. Then you have other dumbass academics using stupid arguments that are themselves wrong for why the number is wrong.
And you wonder why I refer to myself as the best god damn lawyer in the city.
And you wonder why I refer to myself as the best god damn lawyer in the city.
It's all pointless. There is nothing in the legislation that permits a state to sue another state (in fact it specifically says they must first try mediation and then lodge an appeal to the Supreme Court for intervention - but still they cannot sue for the disqualification of 20 million votes).
It's just another Trump shit-show for the Trumpsters. This will be done within 2 days.
I'm pretty sure you would be the best damn lawyer in the Trump campaign if you joined.
Yes of course. But millions of Trump supporters believe it and seem to be increasingly angry about it.
Once the supreme court shuts this down, and the Electors vote on Monday, it won't take much to spark things off...
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