April 3, 2025 - Epoch Times
05:44
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| Time | Text |
|---|---|
| There's the multi-trillion dollar underwriting by a democracy of a totalitarian police state bent on its destruction and way of life that's aided and abetted by, in our case, Wall Street firms, wittingly or unwittingly, and U.S. government regulators that are sadly, you know, conflicted because of the revolving door with Wall Street. | |
| You're saying, in a nutshell, that huge amounts of money are coming from the American people into communist China, day after day, right now, to the tune of trillions of dollars. | |
| Yes, that trillions of dollars, of course, is over time. | |
| This has been going on, Jan, sadly, for at least 25 years. | |
| And the Chinese have come into our capital markets with as many as 5,000 companies. | |
| The exact number isn't known because the government hasn't volunteered any data on this. | |
| But our best understanding from research is, again, some 5,000 Chinese companies. | |
| Now, the Disturbing part, Jan, is that those companies came in without any particular screening, oversight, due diligence, and in a regulatory regime. | |
| They were not looked at carefully to see, for example, are they already sanctioned by the United States for egregious national security and human rights violations? | |
| The answer to that is no. | |
| And so we don't have, as we do in the trade portfolio, for example, a committee on foreign investment in the United States that's certainly imperfect. | |
| But at least it makes an effort to vet Chinese efforts to buy into the United States, whether it's American companies, farmland, whatever. | |
| There's at least some mechanism to try to get a handle on that. | |
| It's never had its parallel. | |
| Yes. Investor protection issues. | |
| The Securities and Exchange Commission, our Department of Treasury, even the White House National Economic Council should be caring about where the American people's money's going and how it's being used. | |
| What kind of companies are we talking about here? | |
| Well, we asked that question over the research of a number of years now, and the answer is troubling. | |
| You have companies that are, for example, equipping concentration camps, trafficking in slave labor, aiding and abetting genocide in Xinjiang. | |
| Building out the surveillance state of the country and on the national security side of the equation you've got Companies that are responsible for manufacturing China's most advanced weapon systems. | |
| The last two aircraft carriers come to mind. | |
| Hypersonic glide vehicles. | |
| New generations of ICBMs targeting American families. | |
| New sixth-generation fighter aircraft. | |
| In other words, all of the areas that you'd be concerned about militarily are in no small part Thank you. | |
| have diversified portfolios. | |
| They have some, perhaps, international exposure. | |
| For those of us that do, I can tell you that the chances of our being in possession in our portfolios of some of these bad actor Chinese companies is extremely high. | |
| It's near a certainty. | |
| So think about the fact that This is not some esoteric issue here. | |
| We're not talking about space-based missile defense here, or something that is more distant from the American people. | |
| This is their money, and they have no clue as to the fact that it's being sluiced into some of the most horrific abuses in the world today via Chinese state-controlled. | |
| They're all state-controlled entities. | |
| The CCP has a lock on every Chinese commercial entity. | |
| We must know this by now. | |
| So the idea of a private sector is not happening in China. | |
| So the state can call on these companies to engage in strategic and even military activities, intelligence gathering, for example, at their whim, as we well know. | |
| Article 7 of the National Intelligence Law spells this out. | |
| In a number of other pieces of legislation, the Chinese are hiding it. | |
| So, here we are. | |
| We're not getting the protections we need. | |
| We're not getting the transparency and disclosure we need. |
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