Market Talk – October 31, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 196.14 points or -0.50% to 39,081.25 • Shanghai increased 13.59 points or 0.42% to 3,279.82 [...]
Mar-A-Lago v Hunter Biden Art
As a reminder, the United States has two tiers of justice and the current administration may be the most corrupt in the history of the United States. This is why it is concerning that the Biden Administration wants to seize private enterprise and permit the government to assign its value through a perversion of Article V of the Constitution.
Hunter Biden’s artwork is estimated to be worth up to $500,000. His personal friend Kevin Morris purchased a few pieces and also gave him a loan of $2 million to cover Hunter’s late tax payments. Most of his buyers remain anonymous, but the known art collectors are all associated with the DNC. Hirsh Naftali, for example, was appointed by Joe Biden to be the Commission for the Preservation of America’s Heritage Abroad after he expressed interest in his son’s artwork.
The corrupt NY justice system claims Mar-a-Lago, a 126-room, 62,500-square-foot mansion located on 20 acres of land in a prime area of Palm Beach, Florida, is worth under $30 million.
Trump purchased the property in 1995 for $10 million and turned it into a private club. It is the only private club to attain the prestigious 6-Star Diamond Award from the American Academy of Hospitality Sciences. Neighboring real estate that is the size of the parking lot at Mar-a-Lago and does not contain the prestige or glamorous interior detail has sold for hundreds of millions of dollars in recent years. A 2.3-acre plot of land with no structures at 1063/1071 N. Ocean Blvd. is on the market for a sky-high $200 million, as reported by the NY Post. 1980 S. Ocean Blvd., a 5-minute drive from Mar-a-Lago on only 2 acres is also listed for $150 million, or three Hunter Biden paintings.
New York Gov. Kathy Hochul told real estate developers that they have “nothing to worry about,” as they are only targeting one man at the moment.
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior,” Hochul responded to reporters.
It is overtly obvious that this trial is a deliberate attempt to arrest the Democrat’s only political opponent and revoke our Constitutional right to vote for our candidate of choice. Again, we must be extremely cautious of what the Biden-Harris regime is attempting to do with the Bayh–Dole Act or Patent and Trademark Law Amendments Act as the government can and will seize anything they can to pay off their debt and value it at next to nothing.
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