Posted on 03/11/2020 5:41:35 PM PDT by caww
American investors are bankrolling China’s plan to drive the U.S. military from the Indo-Pacific region and risking their own retirement funds in the process.
“Why are we sending American capital to a country and supporting a defense industry that's popping out a couple destroyers and frigates a month and threatening to have total overmatch against us in the Pacific?” White House national security adviser Robert O’Brien said "I don't see why we should be underwriting the Chinese defense industry.”
O’Brien singled out the California Public Employees' Retirement System, the largest retirement fund in the country, for a special warning that its investment decisions could harm both retirees in particular and U.S. national security in general.
“Some of the CalPERS investment policies are incredibly concerning,” .."If someone told me I had to invest my 401(k) in Chinese state-owned enterprises or partially state-owned enterprises, where they don't follow the generally accepted accounting principles and they don't have to report to independent regulatory bodies, I'd be pretty worried about that.”
Their investments drew congressional scrutiny after Sec. of State Mike Pompeo warned an assembly of state governors that Chinese communist agents could use offers “to invest big money in your state, perhaps in your pension” as a way to gain influence in the United States.
“The Chinese Government has been methodical in the way it’s analyzed our system, our very open system, one that we’re deeply proud of,” Pompeo said. “It’s assessed our vulnerabilities, and it’s decided to exploit our freedoms to gain advantage over us at the federal level, the state level, and the local level.”
O’Brien added that a lack of transparency around the finances of Chinese state-owned companies raises the risk of financial losses due to corruption.
(Excerpt) Read more at washingtonexaminer.com ...
Socialists apparently want to ‘invest’ their money with other socialists.
Imagine if in the 50s some investment firm wanted to invest in ussr/chinese companies.
So California is transferring more than one disease to us.
Ping
Socialists should be treated exactly as Nazis are treated.
“The Chinese Government has been methodical in the way it’s analyzed our system, our very open system, one that we’re deeply proud of,” Pompeo said. “It’s assessed our vulnerabilities, and it’s decided to exploit our freedoms to gain advantage over us at the federal level, the state level, and the local level.”
That describes our entire foreign policy with the PRC in a nutshell!! STOP IT NOW! Cut off exchange with China and watch it collapse!
yep!
It would have never even been thought of.
Well it wouldn’t be new, they tend to spread their junk across the nation and back again. All their officials are part of the Globalist Cabal so their interests aren’t about this country except how it fits into the Global Leaders Agenda.
Great that Trump is addressing this!
Socialists should be treated exactly as Nazis are treated.
~~~~~~~~~~~~~
To put it more clearly:
Regular Socialists should be treated exactly as National Socialists are treated.
The guy is a working machine! And he is great at deligating.
Everyone who purchases anything from China is just as guilty as CalPers.
You are funding the enemy. Building their capital stock.
And their ships and aircraft.
And that would be just about all of you here.
p
BTTT.
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