Wall Street funneling billions into China’s military war chest

Why do Australian PM Scott Morrison and his Jewish Treasurer Josh Frydenberg suck-up to the communists?

from the White House

American capital should not be used to finance the development and construction of China’s military weapons that are literally aimed at killing Americans and driving the U.S. military out of Asia. President Trump recently signed an executive order putting a stop to that Wall Street insanity.

For years, the ruling Chinese Communist Party (CCP) has forced all companies, foreign and domestic, operating on Chinese soil to support the state’s military and intelligence activities under the national strategy of “Military-Civil Fusion.” This strategy ensures that any scientific or technological enterprise — ranging from semiconductors, 5G communications, aerospace and nuclear technology, to artificial intelligence and quantum computing — will advance the military aims of the CCP.

Trump halts US Stock Exchange Wall St financing China’s military weapons ultimately which will be used against the US and its allies such as Australia

Numerous Chinese companies that constitute the CCP’s military-industrial complex raise capital through the sale of equities and bonds traded on public exchanges in the United States and abroad. American dollars are thereby used to help build the missiles, turn the propellers and fly the jetfighters of the People’s Liberation Army’s ground, air, naval, missile, space and cyber forces.

As Wall Street funnels billions of dollars into the coffers of China, millions of Americans have had no say in their own hard-earned savings ending up in this dangerous place. Numerous state pension funds, including those for Alaska, Ohio, New Jersey, California and Texas, have helped to finance China’s rapid military mobilization. This must stop.

Under the National Defense Authorization Act of 1999, the Department of Defense was required to compile a list of companies operating in the U.S. with ties to the Chinese military. At the time, Congress was wisely concerned that China’s entry into the World Trade Organization would enable the CCP to access defense technologies that bolstered China’s military and threatened the United States and its allies. More than 20 years later, no such list had been created and Congress’s fears had become a frightening reality.

Under President Trump’s leadership, in June 2020, the Department of Defense at last published a list of Chinese military companies operating directly or indirectly in the United States. The list was augmented in August. The 31 companies on the list span nearly every industry of China’s military adventurism.

Consider the Aviation Industry Corporation of China (AVIC). It builds a fifth-generation fighter, the Chengdu J-20, which is based on designs stolen from the Pentagon for the F-22 and F-35. Huawei is the tip of the spear for battlefield artificial intelligence. Hikvision is the Orwellian eye of China’s digital surveillance and often-very-real concentration camps.

Consider, too, China Shipbuilding Industry Corporation. It is churning out all of the naval hardware designed to sink our aircraft carriers and to drive America out of the Pacific. It’s theater-of-the-absurd for an American pensioner or investor to support such activity.

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