Posted on 08/06/2020 6:46:29 AM PDT by BeauBo
California Public Employees’ Retirement System (CalPERS) said late Wednesday Yu Ben Meng resigned as its chief investment officer...
The nation’s largest public pension fund, which manages pension and health benefits for more than 1.6 million California public employees, retirees and their families, said in a statement it will begin an immediate search for a permanent successor...
A U.S. citizen born in China, Meng... in January 2019 became CIO managing $400 billion in investments...
In March, U.S. national security adviser Robert O’Brien said U.S. President Donald Trump’s administration is “looking at” investments in Chinese military companies by CalPERS.
(Excerpt) Read more at reuters.com ...
About $100 of each $1200 will wind up in the Chinese tax system.
On average
Kyle Bass wrote (https://twitter.com/Jkylebass):
“Yu Meng resigns from CALPERS. A “Thousand Talents” recruit and a Communist Party of China life member as the former Deputy CIO of SAFE for the CPC.”
CHYna pension fund at the hotel colliefornia. They are programmed to deceive. Such a lovely face. Such a lovely place.
https://www.youtube.com/watch?v=EiXWJMaiEZA
Oh, it's because these people are Chinese first, and then American.
If a war breaks out between the US and China, who do you think these Chinese-Americans will support? I'll give you a hint...it's not America.
“This could be heaven, this could be hell”
CHINA NETWORKING IN US——Did Joe and Hunter Biden help China compile “The Friendly Governors’ list”..............
Secy of State Mike Pompeo Says He Has List; American Pols Named as ‘Friendly’ by Communist China
pjmedia.com ^ | 2/9/2020 | MEGAN FOX
In a shocking speech to the National Governors Association, Secretary Mike Pompeo revealed that he is in possession of a list of American governors who have been listed as “friendly” by Chinese Communist infiltrators.
Pompeo said he had received an earlier invitation from a former governor to attend a networking event that promised great “deal-making” opportunities with the Chinese government.
This networking event was run by “The Chinese People’s Association for Friendship in Foreign Countries,” said Pompeo.
But what the US participants might not have known is that “the group is the public face of the Chinese Communist party’s official foreign influence agency, the United Front Work Department.” Pompeo knew of this connection from his former position at the CIA.
He questioned the governors on how many of them knew that this group was a Communist-front group.
“What if you made a “new friend” at the China networking event?” he asked. “What if your ‘new friend’ offered to invest big money in your state, perhaps in your pension fund, or make a Chinese invest in an industry sensitive to our national security?”
And then Pompeo dropped a huge bomb on the crowd.
“These aren’t hypotheticals. Last year a Chinese government-backed think tank in Beijing produced a report that assessed all fifty of America’s governors on their attitudes toward China. They labeled each pol friendly, hardline, or ambiguous.”
Pompeo continued, “I’ll let you decide where you think you belong, someone in China already has. Many of you, indeed, in that report, are referenced by name.”
(Excerpt) Read more at pjmedia.com …
Where’s Feinsteins buddy?
And their steely knives couldn’t kill the beast.
GREAT post! HOORAY Mike Pompeo! BUMP!
<><>Hunter Biden served on the board of the billion dollar Chinese private equity company BHR Partners,
<><> Hunter organized a meet-and-greet between his dad, then-VP Biden, and BHR CEO Jonathan Li Dec. 4, 2013, according to New Yorker magazine.
=====================================
AND THIS SOURCE https://thehill.com/hilltv/442351-analyst-biden-china-comments-inexplicable-absolutely-incorrect 5/6/2019 - BY Saagar Enjeti
When he threw his hat into the 2020 ring, Biden came out swinging. He mocked President Donald Trump's position on China at a campaign rally. BIDEN: “China is going to eat our lunch? Come on, man...they can’t even figure out how to deal with the fact that they have this great division between the China Sea and the mountains in the east, I mean in the west.... they can’t even figure out how they’re going to deal with the corruption that exists within the system. I mean, you know, they’re not bad folks, folks. But guess what, they’re not, they’re not competition for us.”
Yu (Ben) Meng, Ph.D.
Chief Investment Officer
Yu (Ben) Meng rejoined CalPERS in January 2019 as chief investment officer (CIO).
He oversees an Investment Office of nearly 400 employees and manages investment portfolios of roughly $400 billion, including the Public Employees’ Retirement Fund and affiliate funds.
Yu, a U.S. citizen born in China, returned to CalPERS after more than three years as the deputy CIO at the State Administration of Foreign Exchange (SAFE), the largest asset pool in the world with assets under management of over $3 trillion U.S. dollars.
Prior to his time at SAFE, he served at CalPERS for seven years with his last role as the investment director of Asset Allocation. He also was a portfolio manager in fixed income.
Before joining CalPERS in 2008, Yu worked at Barclays Global Investors as a senior portfolio manager, Lehman Brothers as a risk officer, and Morgan Stanley as a fixed-income trader...
He holds a master’s degree in financial engineering from the Haas School of Business at the University of California, Berkeley, and a doctorate in civil engineering from the University of California, Davis.
https://www.calpers.ca.gov/page/about/organization/executive-officers/ben-meng
19 Dec 2019: LA Times: Climate change threatens billions in CalPERS pension fund
By Julia Rosen
California’s massive Public Employees’ Retirement System has released the first climate risk assessment of its $394-billion pension fund.
The draft report, which was submitted to the CalPERS board this month, found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry...
Allen introduced Senate Bill 964 to make sure that CalPERS, which has a long history of climate activism, was fully considering such questions when it came to its own holdings...
https://www.latimes.com/environment/story/2019-12-19/climate-change-threatens-billions-in-calpers-pension-fund
CIRCA 2011
SOURCE https://thenationalpulse.com/news/biden-video-ccp-intrusion-us-government/
Democratic presidential candidate Joe Biden has said he welcomes Chinese intrusion into
“all levels of [U.S.] government, classrooms, laboratories, athletic fields and boardrooms.”
The Biden comments – unearthed from a 2011 Sichuan University speech – demonstrate either a fundamental misunderstanding of the Chinese Communist Party (CCP), or outright collusion with it.The former veep stated at the time: “In order to cement this robust partnership, we have to go beyond close ties between Washington and Beijing, which we’re working on every day, go beyond it to include all levels of government, go beyond it to include classrooms and laboratories, athletic fields and boardrooms.” Biden, 77, even advocated for closer ties between the U.S. and CCP on the military front: “…that’s why it’s also important that our military leaders work together, get to know one another — not just our political leaders, but our military leaders.” Biden takes this reckless approach to the private sector, too:
“The United States should undertake to make it easier for Chinese business people to obtain visas to travel to the United States. It takes much too long for that to happen.” During the 50-minutes he spoke, Biden expressed support for granting China increased access to high-tech U.S. products: “Already, we have made thousands of new items available for export to China for exclusive civilian use that were not available before, and tens of thousands of more items will become available very soon. That’s a significant change in our export policy and a rejection of those voices in America that say we should not export that kind of technology to – for civilian use in – China. We disagree, and we’re changing.”
Critics are right to oppose exports of this nature: they often have military applications and can end up in the hands of the CCP. And despite his insistence in the speech trade with China “supports hundreds of thousands of jobs in America” and insists “it’s in our mutual interest in each of our countries to promote that exchange,” the nearly 4 million jobs lost in under 20 years due to China’s predatory trading practices such as currency manipulation tell a different story. China’s exports have even harmed American lives: Chinese toys are made with toxic lead paint; Chinese fish are carcinogenic due to the country’s polluted water; Chinese candy has been contaminated formaldehyde; and Chinese drywall is made with radioactive material. Biden, however, insists: “I believed in 1979 and said so and I believe now that a rising China is a positive development, not only for the people of China but for the United States and the world as a whole.” He continues: “it is in our self-interest that China continues to prosper” and retained hope “a rising China will fuel economic growth and prosperity and it will bring to the fore a new partner with whom we can meet global challenges together.”
None of this has materialized.
Even the location of Biden’s speech, the final stop of his four-day China trip of which increased ties with the country was the main takeaway, speaks volumes: Sichuan University is a CCP funded and controlled institution with former high-ranking party apparatchiks on its board. The university even utilizes “student information officers” tasked with identifying professors and peers who “show any sign of disloyalty to President Xi Jinping and the ruling Communist Party” and has a track record of intellectual property theft.
The remarks are especially concerning in light of a Chinese law that stipulates: “any [Chinese] organization or [Chinese] citizen shall support, assist, and cooperate with state intelligence work in accordance with the law, and maintain the secrecy of all knowledge of state intelligence work.”
In other words, the CCP can requisition any citizen at any time in any place to assist with any goal of which surpassing the U.S. in international standing is paramount. And Joe Biden wants to facilitate China’s unrestricted access to virtually all corners of the U.S.
The dangers of inviting Chinese enterprises into all sectors of U.S. society are not purely hypothetical. Many of the “partnerships” Biden urges already exist – and at great detriment to U.S. workers, companies, and the economy as a whole. The CCP has coerced U.S. corporates to pull advertisements and products displaying Taiwan as a country independent from China and expressing support for the Hong Kong protests along with compelling the entertainment industry to frequently cut anti-CCP content.
The CCP already has a solid foothold in U.S. schools through “Confucius Institutes,” the regime’s international propaganda arm. Even teachers affiliated with the trojan horse organization have admitted it’s a smokescreen for imposing “Chinese morality and values.”
And the CCP-orchestrated Thousand Talents Plan seeks to lure prominent academics a way from Western institutions and reorient their research towards granting China an upper hand technologically and scientifically.
Granting China broader access to American laboratories is also a clear and present danger. Two Chinese nationals were recently arrested for smuggling U.S. biological research, ostensibly at the request of the CCP. But this isn’t an isolated incident or confined to scientific research: intellectual property theft is China’s modus operandi with nearly one in five American companies falling victim to the predatory scheme in 2019. A study published by the US International Trade Commission the same year Biden praised China’s progress on the issue “estimated that if IP protection in just China were improved to a level comparable to that in the United States, the U.S. economy would obtain an estimated $107 billion in additional annual sales and net U.S. employment could increase by 2.1-million jobs.”
There’s not enough time between now and the 2020 election to enumerate all the abuses U.S. businesses and workers endured at the hands of the CCP. But it certainly doesn’t take much convincing to see why Biden’s approach to China would wreak havoc on U.S. companies, institutions, and national security.
"In March, U.S. national security adviser Robert O’Brien said U.S. President Donald Trump’s administration is “looking at” investments in Chinese military companies by CalPERS."
... and wasn't it in March we were suddenly hit with the deadliest plague ever known to man and were warned to stay in bed forever ?
Well, I would suggest a more mundane reason.
He made money personally on the deals
Yes, imagine that. National Socialist (NAZI) eugenics tied to American national socialist eugenics tied to Chinese eugenics.
https://www.edge.org/response-detail/23838
Good tune. Thanks EAGLES. Play it again, Sam...with lyrics
https://www.youtube.com/watch?v=vcmjDPDOk7c
Bet CalSTRS is just as bad...
This is the type of story I like to see on FR. It shows what a great job Trump is doing.
But....But...Diversity is our strength
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