12/15/22

Today's intersection: Bendagate and the countries that hate us



South Dakota's current Republican governor wants to restrict land ownership by "countries that hate us." Fact is, of the 195 countries on the planet most them probably hate us but many have parts of the trillions stashed in the state's banks and trusts anyway. 

Kristi Noem's target is China even after her predecessors sold green cards to Chinese investors through the EB-5 program and the cash funneled into some 90 dairies, a cheese factory, a slaughterhouse and even into the Deadwood Mountain Grand resort. They’re all struggling to find help right now because of the crappy pay, the worse weather and the governor’s lackadaisical attitude about pandemic protocols threatening human life. Recall she called Georgia's two Democratic US Senators, Communists from the state that controls much of the means of production.

Probing the undercurrent that ties the unsolved death of South Dakota’s Richard Benda in 2013 with his EB-5 past remains a mystery for the political junkies who follow Joop Bollen's role in the scandal. The late Republican former Governors Frank Farrar and Bill Janklow built the dynasty trust industry. 

China hates South Dakota because the state screwed Chinese job creators out of at least $100 million. Republican former Governor now US Senator Mike Rounds began courting Chinese money in 2004 but escaped a thorough probe of his part in the racket or in Rich Benda’s death. 
This latest move by the Governor could open the door for another round of calls for greater transparency and regulation of the state’s trust industry and additional transparency in any participation in the EB-5 program. More than $360 billion is held in South Dakota and houses undisclosed accounts of interests from around the world, some of which could originate from China, Russia and other non-democratic countries. The question remains if Noem would support federal action to reduce the ability of dictators and those associated with them to hide their assets in South Dakota. The move by Noem may also create scrutiny of the state’s use of the EB-5 Program that grants a fast track to U.S. citizenship in return for an investment of $500,000 or more from people from other countries. South Dakota has used the program extensively in the past to fund a variety of agriculture projects including dairy farms and a beef packing plant, attracting investors from China, North Korea and other countries. [KBHB radio]
Probably not coincidental to Mrs. Noem's political grandstanding is the flight of talent from the state and calls by its entire congressional delegation to ease immigration rules. Noem’s christianic religionists are apparently void of any compassion and choose to blame Democrats for inflation as labor shortages drive wage increases. It’s hypocritheocracy on meth.

ip image of the Deadwood Mountain Grand was captured from the Presidential District.
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