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Trump orders federal retirement money invested in Chinese equities to be pulled
Fox Business ^
| May 11 2020
| Blake Burman
Posted on 05/11/2020 10:53:34 PM PDT by knighthawk
President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that is tied to the handling of COVID 19.
In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities that numbers about $4 billion in assets.
(Excerpt) Read more at foxbusiness.com ...
TOPICS: News/Current Events
KEYWORDS: chicomsareout; chineseequities; retirementmoney; trump; trumpchina
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To: knighthawk
2
posted on
05/11/2020 10:56:56 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either opinion or satire. Or both.)
To: knighthawk
Seems someone is a little ticked off at the double dealing
3
posted on
05/11/2020 10:58:50 PM PDT
by
BigEdLB
(BigEdLB, Russian BOT, At your service)
To: BenLurkin
Step-by-step we seem to be escalating into a situation where there is an actual physical war on the horizon.
It’s almost like all this drawing back and hunkering down is actually in preparation for war not really flattening the curve but preparing for whatever is required should China attempt a first strike or should they actually make a move on Taiwan.
4
posted on
05/11/2020 11:03:20 PM PDT
by
MIA_eccl1212
(When the bad guys have leverage they often use it)
To: knighthawk; Chode; Squantos; SkyDancer; Delta 21; tubebender; Lockbox; OldMissileer; ...
Should have happened a long time ago IMO.
5
posted on
05/11/2020 11:03:48 PM PDT
by
mabarker1
((Congress- the opposite of PROGRESS!!! A fraud, a hypocrite, a liar. I'm a member of Congress !!!!)
To: mabarker1
Yes, the big pull-out is hopefully underway....
6
posted on
05/11/2020 11:31:02 PM PDT
by
EagleUSA
To: knighthawk
7
posted on
05/11/2020 11:51:09 PM PDT
by
matthew fuller
(Sick and tired of the WuHu Flu Blues.)
To: MIA_eccl1212
I agree, and am not looking forward to it. That’ll be a hell of a mess.
8
posted on
05/11/2020 11:52:40 PM PDT
by
TheZMan
(I am a secessionist.)
To: MIA_eccl1212
China’s virus from its viral weapons lab has killed more people than any nuclear weapon ever used in the history of mankind and we are still waiting for a US and world response!
9
posted on
05/12/2020 12:00:07 AM PDT
by
Herakles
(Diversity is applied Marxism!)
To: knighthawk
News to me. Why would the government invest federal workers retirement money into a rigged foreign market? Don’t tell me it isn’t rigged. It’s a communist government over there with the only large-scale capitalism being practiced is the “crony” variety.
10
posted on
05/12/2020 3:20:03 AM PDT
by
Tallguy
(Facts be d@mned! The narrative must be protected at all costs!))
To: knighthawk
Meanwhile, IIRC, CalPERS and CalSTRS in CA are still both heavily invested in the ChiComs...
11
posted on
05/12/2020 3:29:03 AM PDT
by
mewzilla
(Break out the mustard seeds.)
To: Tallguy
An outside consultant recommended that the overseas fund should expand to include higher risk countries, including some investments in China. This was okayed by those in charge over tho objections of many of us, who were never asked about or notified of the change in policy.
I suspect cronyism but do not know enough to prove this.
The Thrift Savings plan invests the retirement savings of federal employees, and has five plans... only one of the plans was involved.
12
posted on
05/12/2020 3:35:25 AM PDT
by
LadyDoc
(liberals only love politically correct poor people)
To: mabarker1
YES!!!!! Take that Joe and Hunter Commie Inc.
13
posted on
05/12/2020 5:41:37 AM PDT
by
MtnClimber
(For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
To: MIA_eccl1212
No this isn’t escalating into war. However Trump is decoupling our economy from China and its been ongoing for 3.5 years.
14
posted on
05/12/2020 7:07:21 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight neiyour way back to the rifle you should never have dropped)
To: MIA_eccl1212
There isn’t going to be a shooting war .
What on earth are you thinking?
Trump is far too skilled to get even close.
15
posted on
05/12/2020 7:25:00 AM PDT
by
Balding_Eagle
( The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
To: Herakles
Does that number include people who tested positive for COVID yet died in car accidents and overdoes or were already in hospice?
16
posted on
05/12/2020 7:30:28 AM PDT
by
Rebelbase
(Democrat politicians prefer death)
To: Balding_Eagle
Yes it is going to be just that.
Especially When trump gets re elected.
17
posted on
05/12/2020 7:36:14 AM PDT
by
MIA_eccl1212
(When the bad guys have leverage they often use it)
To: MIA_eccl1212
Ending trade with China would be the first win of a hot escalation.
18
posted on
05/12/2020 7:36:22 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Georgia Girl 2
It is escalating into just that.
Shots will be fired, proxies will be attacked.
Taiwan will be defended.
19
posted on
05/12/2020 7:38:27 AM PDT
by
MIA_eccl1212
(When the bad guys have leverage they often use it)
To: central_va
20
posted on
05/12/2020 7:40:47 AM PDT
by
MIA_eccl1212
(When the bad guys have leverage they often use it)
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