California has become the most corrupt state in the nation, usurping Illinois, New York, and Pennsylvania when it comes to kickbacks and political pay-to-play schemes. A recent thread on X demonstrates one of the various ways the Democrat hellhole is potentially laundering taxpayer funds, this time through the “homelessness” debacle.
X user @5149jamesli uncovered a huge scandal that we discussed on today’s episode of The JD Rucker Show.
🚨 I may have uncovered a MASSIVE scandal in CA.
Gavin Newsom claims $24B for homelessness went "missing".
Well, I found evidence of CA officials possibly, allegedly, embezzling hundreds of millions, if not billions of dollars through a sketchy Cayman Islands group! 🧐
🧵1/ pic.twitter.com/glUUMnLbZR
— James Li (@5149jamesli) December 20, 2024
3/ What kinds of "unprecedented investments" you might ask?
Well, this is where things start to get sketchy.
Enter Todd Gloria, the Mayor of San Diego, who has been on a tear — making housing deal after housing deal — which he claims will "address homelessness." pic.twitter.com/YVmJj4EOJn
— James Li (@5149jamesli) December 20, 2024
5/ But here is where things gets even sketchier.
There is one investment group that pops up over and over again in all these city housing deals — the Chelsea Investment Corporation. pic.twitter.com/yOZP4hY1U3
— James Li (@5149jamesli) December 20, 2024
7/ You ready for a real doozy?
Property records of their HQ address shows:
– 2016: Sold for $3.5M, $3.15M financed.
– 2023: Another transaction for an "undisclosed price," but $68M financed.The kicker, the lender is the SD Housing Authority.
Not suspicious at all… 🤨 pic.twitter.com/KFhh7rrYoB
— James Li (@5149jamesli) December 20, 2024
9/ One thing we do know: When Todd Gloria the chair of the San Diego's Budget and Finance Committee, records show the the Founder and then CEO of Chelsea Investment Corp. was a major donor to Gloria's campaign.
Quid Pro Quo? 🤔 pic.twitter.com/IuPqoATxPs
— James Li (@5149jamesli) December 20, 2024
11/ Final thoughts:
1) This is just the tip of the iceberg in the search for billions of "missing" dollars.
2) Legacy media have failed — it’s up to independent journalists to uncover the truth.
Big thanks to @AssyrianAngel28 and @Melissa_in_CA for their help!
— James Li (@5149jamesli) December 20, 2024
We’ll hopefully get some updates as soon as possible.
Great job surfacing this, James Li!
"Commiefornia Corruption Exposed as 'Homelessness' Funds May Have Been Laundered" pic.twitter.com/G6bVHMWjSr
— JD Rucker (@JDRucker) December 20, 2024
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
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Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
