It’s All Fake

Fake net worth. Fake bestseller. Fake racial crisis.

Three stories caught our attention this week which show just how much of politics is pure manipulation.

Representative Ilhan Omar quietly amended her 2025 financial disclosure last week, revising her household assets from a range of $6 to $30 million, down to a range of $18,004 to $95,000, and blamed her husband’s accountant.

Apparently it was just an ‘accounting oversight’. I’m not entirely sure how someone who claims to have almost no net worth would sign off on a financial disclosure indicating up to $30 million in equity.

She’s either lying, or financially illiterate. I’m betting on the former. But even if she’s telling the truth, it’s pretty scary that such a financial dullard is in charge of taxpayer funds.

It’s also worth pondering how someone who entered Congress with a negative net worth and no assets, and now earns $174,000 a year, become a multi-millionaire in under a decade.

Omar uses the Nancy Pelosi defense: it’s my husband’s money.

How did her husband make that money?

For starters, his consulting firm collected nearly $3 million from Omar’s own campaign between 2018 and 2020. That was half of her total campaign expenditures, funneled into the couple’s own pockets.

Of course, her district does include the area of Minneapolis inundated with Somali welfare fraudsters. So maybe her voters see this as an inspiring tale of the new American dream to bilk your neighbors for all they are worth.

California Governor Gavin Newsom ran the same play in a more expensive suit.

His political action committee, the Campaign for Democracy, spent more than $1.5 million of donors’ money on 67,000 copies of his own memoir, which was two-thirds of every copy sold.

That’s how to use donor funds to not only manufacture a New York Times bestseller that can launch your presidential bid, but also funnel campaign contributions back into your own pocket.

This is California in miniature. The state funnels roughly $100 billion in federal grants into DEI programs, homelessness nonprofits that burned through $24 billion with no measurable reduction in homelessness, and progressive advocacy groups that recycle political support back to the same politicians who voted the funding.

At least on the personal level, Newsom is screwing his own supporters. As governor, he’s screwing the taxpayers.

But the third example is actually the most grotesque of the three.

The Southern Poverty Law Center is a civil rights nonprofit founded in 1971 that made its name suing the Ku Klux Klan into bankruptcy in the 1980s, and spent the decades since building itself into the country’s self-appointed referee on who counts as a “hate group.”

The DOJ indicted the organization this week on 11 counts of wire fraud, bank fraud, and money laundering for paying over $3 million between 2014 and 2023 to informants inside the KKK, Aryan Nations, and the National Socialist Party of America.

The indictment alleges the SPLC used shell accounts with names like “Fox Photography” and “Rare Books Warehouse” to move donor money to the very groups it was publicly warning the country about.

One of those informants, known in the indictment as F-37, helped plan the 2017 Unite the Right rally in Charlottesville and attended at the SPLC’s direction.

SPLC donations surged after that rally. The civil rights group was paying the hate groups to produce the hate, then raised money to fight the hate that they were manufacturing.

An organization that built its reputation labeling ordinary conservatives as “hate groups” got caught paying the actual hate groups to help stage the events that justified its own fundraising.

This is like Jussie Smollett on steroids.

It does make you wonder about those masked ‘Nazis’ who keep materializing in random American cities for a weekend of choreographed menace and then vanish.

The decade-long moral panic over “white supremacy” that deplatformed, defunded, and fired so many Americans, and the entire industry of consultants, diversity officers, HR commissars, and legacy journalists whose salaries depended on the threat being real…

Is any of it real?

Or are we just being managed, taxed, pitched, and outraged on cue, so a small class of operators can keep destroying Western civilization for a couple million in kickbacks?

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Source

Simon Black is an international investor, entrepreneur and permanent traveler. His daily letter is both educational and entertaining, and we suggest that those who want unbiased, actionable information about global opportunities sign up for Sovereign Man’s free, actionable newsletter at http://www.SovereignMan.com.

From Simon Black of SovereignMan.com

Source: https://www.schiffsovereign.com/trends/its-all-fake-155059/