Segment # 220

Words are not necessary, this is what it is, and these folks are what they are. Prepare for the biggest con-job over the next 3 months to convince you otherwise.

We look like complete and utter fools to the rest of the world. If you don’t think our enemies will seize this opportunity,

then probably the longest trip from home you have taken is to Seven-Eleven.

https://x.com/i/status/1822600509057839372 Kamala is asked: what’s your favorite curse word, Kamala?

The Trump team just released this montage of Kamala Harris speaking, and I cannot believe this lady is our vice president

https://twitter.com/i/status/1821961263515120108

Here's Tim Walz bragging about leaving his 87-year-old mom to fend for herself after heart surgery because of the pandemic

https://twitter.com/i/status/1821896524671992296

Tim Walz taxed Zyn at 95% in Minnesota as the ultimate Nanny State governor

Kamala’s VP Wannabe Tim Walz Levied WHOPPING 95% Tax on Zyn.

Governor Tim Walz (D-MN), tapped as Kamala Harris‘s running mate in the upcoming presidential election, approved an astonishing 95-percent tax on Zyn, the popular tobacco-free nicotine product, in the North Star State this year. Previously, the tax on “moist snuff” did not include Zyn, as it contains no tobacco, but the law was amended to gouge users of Zyn and “similar tobacco-free product[s] containing nicotine” in May.

The tax on cigars, including premium cigars, smoking tobacco, chewing tobacco, e-cigarettes, and vapor products in Minnesota is also set at 95 percent.

As Governor, Walz has created a new payroll tax, raised taxes on retail deliveries, motor vehicle sales, corporate income tax, and net investment income, and reduced itemized deductions. He also greenlit local sales and purchase taxes in the seven-county metro area surrounding the Twin Cities of Minneapolis and St. Paul.

Under his stewardship, the North Star State has seen GDP growth less than half that of the wider economy under Joe Biden and Kamala Harris, and a substantial net outflow of taxpayers. Meanwhile, energy costs have climbed 30 percent higher than the national average.

Minnesota teacher pension fund under Walz accused of 'cooking the books' with unrealistic gains: report

'Even Bernie Madoff didn’t claim to beat the market every single year,' private investigator says

Rural Minnesotans spoke with Fox News Digital at "Farm Fest" about Governor Tim Walz.

A leading pension investigator claims that under Minnesota Gov. Tim Walz — Vice President Kamala Harris' recently tapped running mate pick — the state's public school teachers' retirement system is manipulating financial reports by significantly understating annual fees paid to Wall Street investment managers, and showing unrealistically high returns, the New York Post first reported.

Edward Siedle, an independent pension investigator, alleges that the state-run Teachers Retirement Association (TRA) has only revealed less than 10% of the $2.9 billion in fees it spent over the last decade. He also criticized TRA for reporting gains that barely exceed its own benchmarks by 0.2%, which he described to The Post as "virtually impossible."

"Even Bernie Madoff didn’t claim to beat the market every single year — and certainly not by the exact same percentage," Siedle said, and called the TRA performance a "Madoff miracle under Walz’s watch."

The late financier Madoff orchestrated the largest investment fraud in Wall Street history, and pleaded guilty in 2009 to running a Ponzi scheme that swindled thousands out of their life savings.

Democratic presidential nominee Vice President Kamala Harris and her running mate, Minnesota Gov. Tim Walz, arrive at a campaign rally in Philadelphia. (AP Photo/Matt Rourke)

Walz, who has been serving as chairman of the Minnesota State Retirement System since January 2019, oversees $140 billion in state employee funds, including $28.2 billion for teachers, the outlet reported.

"I don’t know if the man had any pre-existing knowledge of finance or pensions, but as chairman, he should have educated himself," Siedle said. "Pension board members have a fiduciary duty to monitor fees, and to ensure that the investments’ performance is accurately disclosed."

Katie Dickerson, a teacher nearing retirement, testified in February that despite high contribution rates, there have been no improvements to the retirement system, leading to extended work years and significant penalties for early retirement.

"Not only do we have a high contribution rate to TRA, but we . . . are forced to work many more years unless we are willing to be hit with huge penalties," Dickerson reportedly told the Minnesota’s Legislative Commission on Pensions and Retirement.

A teachers' retirement system in Minnesota allegedly manipulated financial reports by understating annual fees paid to Wall Street investment managers. (AP Photo/Peter Morgan)

For FY 2023, the TRA reported an 8.9% return and $24.19 million in management fees. But Siedle estimates actual fees to be between $334 million and $467 million, or 5% to 7% of TRA’s private assets. Even a 1% fee would total $280 million — over 10 times the reported amount. Siedle’s requests for investment documents have not yet been fulfilled by the TRA or state agencies.

Siedle’s report notes that the Minnesota attorney general and state auditors, who typically investigate such issues, are on the same state pension board chaired by Walz. Consequently, Siedle filed a whistleblower complaint with the SEC and FBI in July, according to The Post.