President Donald Trump should move to block U.S.-based pension funds from investing in Chinese equities, said Frank Gaffney, executive chairman and founder of the Center for Security Policy, following the president’s order on Monday to halt a government-administered retirement savings program from basing its investments on index including Chinese firms.
American companies should not invest pension funds for their retirees in Chinese firms, said Gaffney in an interview on Wednesday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow.
Gaffney praised Trump’s decision to block the Federal Retirement Thrift Investment Board’s (FRTIB) mirroring of the Morgan Stanley Capital International’s (MSCI) World Index, a global stock listing including China-based companies. FRTIB administer the Thrift Savings Plan (TSP), a defined contribution plan for federal employees and military personnel.
“The language that was used to describe why that money mustn’t move into Chinese Communist Party companies applies much more broadly to the funds that Wall Street has been busily pushing from our capital markets — our stock and bond markets — into Chinese companies for years,” Gaffney stated. “So this tees up the next big challenge and … that is to stop underwriting the Chinese Communist Party more generally.”
U.S.-based pension funds investing in Chinese interests compromise national security, warned Gaffney.
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2 comments:
Gaffnet doesn’t understand.
The elites are globalists.
Communists.
The US was destroyed by these elites who finance the campaigns and control the Congress as well as the media.
They never will. NEVER. The same as top Politicians never will pay for their crimes. Us little people are the only ones who answer for any wrong doings.
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