The Elites, the Chinese Communist Party and Investments, What You Need to Know
Let’s get to it.
America is facing some difficult choices. This program is committed to illuminating many of them, exploring their implications and assisting you in making informed decisions about how you want our country to proceed.
There’s one choice, however, that’s being made for tens of millions of Americans, day after day. And those decisions will affect every one of us – and, for that matter, billions of others around the globe.
Given the stakes, it is incredible that these decisions are basically being made by a relative handful of people. They are profiting enormously from their roles and seem to be indifferent to the potentially devastating consequences.
Here’s how Hollywood once conveyed unforgettably the frustrations of a TV anchorman.
That’s pretty much how I feel. More to the point, it’s how every American patriot should feel about what Wall Street investment bankers are doing with the savings of perhaps 150 million of us in ways directly and material enhancing the danger we all increasingly face from the Chinese Communist Party.
We have been telling you lately about a prime example of this phenomenon: an impending Initial Public Offering by a CCP-tied Chinese conglomerate called Ant Technology Group.
Our Committee on the Present Danger: China sponsored a letter about this IPO that was sent last week to President Trump by sixty former senior civilian and military national security practitioners and other patriotic Americans.
They warned that: “Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Citigroup are lead managers in an upcoming initial public offering on the Hong Kong and Shanghai exchanges that is expected to raise perhaps as much as $60-80 billion for Ant Technology Group.”
This company helps the CCP engage in a variety of malevolent activities and should not be underwritten by American investors.
Fortunately, Reuters reported last week that the Trump administration agrees and would be placing Ant Group on the Commerce Department’s Entity List. We hope that happens.
If it does, U.S. investors should be barred from holding this company and others so designated in their financial portfolios. The same should apply to Pentagon-listed Chinese military companies operating here. That would have a real impact on the CCP’s insidious efforts to have us underwrite its malevolence.
Unfortunately, even as such steps are being considered by the U.S. government, the Chinese Communist Party has connived with its enablers on Wall Street to make yet another raid on our capital markets.
Last week, the Chinese Communist Party enlisted three of the Ant Group IPO’s lead managers – Goldman Sachs, J.P. Morgan and Morgan Stanley – plus Bank of America, to offer dollar-denominated sovereign bonds. Thanks to Beijing’s Bankers, the offering was four-times oversubscribed, raising $27 billion, with a sizeable portion of it coming from U.S. investors.
As Roger Robinson – who is one of America’s most authoritative fact-finders with regard to U.S. underwriting of Communist China – has observed, these CCP bonds effectively allow Beijing to exchange promises on paper for immense amounts of hard currency, which can be used as the regime sees fit.
That means, for example, enabling the PRC’s: “unrestricted warfare” against our country, the theft of our intellectual property and technology; the build-out of its imperialist “Belt and Road Initiative”; and the massive military build-up of the People’s Liberation Army capacity to wage war against us.
To add insult to such considerable injury, the Chinese Communists are using our dollars to advance inexorably one of the CCP’s most urgent priorities: destroying our currency as the world’s reserve.
In other words, these CCP sovereign debt instruments are the opposite of World War II’s Liberty Bonds, in which Americans invested massively to help secure our victory. Now, at the direction of those who manage – mostly in obscurity – emerging market index funds, Exchange-Traded Funds and our pension plans, today’s American investors are buying what might be called “Destroy-Liberty Bonds.” The predictable effect will be to assure our nation’s defeat in the “People’s War” that Xi Jinping’s government has declared and is waging against our country.
Attorney General William Barr was asked earlier this year what he makes of the help U.S. capitalists are providing to the Chinese Communists by financing them and their companies. Here’s how he responded.
In short, every American has a vital stake in this war. Those who arrange underwriting for the enemy that constitutes, as Ronald Reagan used to say, “our time’s existential threat to freedom” – namely, the Chinese Communist Party and its various front companies – may be profiting wildly from doing so. But, in the process they are actively putting the rest of us at risk. If they won’t voluntarily stop making the CCP more dangerous, they must be required to do so.
In the next two weeks, we will determine whether America has a Commander-in-Chief who understands that we are in the midst of a war that is no less likely to determine whether we survive as a nation or, to paraphrase General Barr, we’ll be obliged to speak Mandarin.
Joe Biden has helped enable the PRC’s penetration of our capital markets on preferential terms. Donald Trump understands that’s a mortal threat to investors and our nation. This is, therefore, central to “The Choice” before us this November.
Those are my thoughts, let me know yours – and learn how you can help at our new website, SecuringAmerica.TV.