1206: Biden prepares Wall Street for trading with the enemy. Roger W Robinson, @pssi_prague; @GordonGChang
Image: Jacques Callot, “Greed,” probably after 1621 Roger W Robinson, @pssi_prague, chairman of Prague Securities Studies Institute;and Gordon Chang, in re: Last week Treasury forbad naming companies similar to that of any Chinese Communist firm; for a while, till 27 May. Administration said “most companies whose names are closely similar to but don't exactly match . . .” Why? Several opposing analyses of reasons for this. However, clear that Biden is not eager to proceed expeditiously with ban on US investment in known Chinese military companies. DoD has created the list. Wall Street is screaming, even though it’s obviously of great danger to the United States. It’s the subsidiaries that are taking billions of dollars from the pension investments of scores millions of Americans to fund missiles aimed at their own homes. To fund concentration camps for Uyghurs. Also slave labor. It’s one big regime. Xi Jinping has re-centralized all major firms, all have party cells, all are subject to the law requiring every Chinese citizen to collaborate with PLA intell. A monolithic operation, an authoritarian police state. For over twenty years, the infusion of American dollars have flown in with no screening at all. China tried to exclude [protect] Chinese firms in index funds and ETFs—yet that’s where most of the abuse is occurring. EO 13959 . . . https://www.reuters.com/article/us-usa-china-sanctions-idUSKBN29W1JK .. .. .. .. .. .. .. .. ..