Posted on 11/30/2023 1:53:56 AM PST by spirited irish
The switch in indices of the Thrift Savings Plan, essentially the 401(k) plan for federal employees, will take place next year.
Sound unimportant?
The Thrift Board made one of the most consequential investment decisions of the year, and it will undoubtedly affect allocations of other investment managers, in America and perhaps elsewhere. In short, this move will be a blow to China’s failing equity markets, delivered at the worst possible moment for Beijing.
(Excerpt) Read more at patriotandliberty.com ...
“Should We Fund the ‘Nazis’ of the 21st Century?”
Gee whiz, if you to ask...As if!
Live long and don’t think about tomorrow.
It’s all you have left.
Bad move.
We should continue to invest in China and tax the hell out of them on imports the way Trump did. Cha Ching !
This move will encourage China’s retalliation to NOT buy US Federal Treasury bills, which will weaken the US dollar.
This “Fund “ decision is too littoe to late. US TReasury owes a LOT of money to CHina, and if the CHinese pulled out, we would lose our reserve currency status.
This move by Bidenomics supporters is BUNK disguised to be “Anti-Nazi” by the real Demoncrap Nazis themselves.
We hurt China in this way, we hurt ourselves big time, which is just what the radical left in the White Hut want....the destruction of our US economy and of our middle class.
THe article is summarized in bullet points from a linked site, be sure to read below:
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Should We Fund the ‘Nazis’ of the 21st Century?
by Gordon G. Chang
November 28, 2023 at 5:00 am
The new index does not include Chinese and Hong Kong stocks, so to match the assets of the I Fund to the new index, the Thrift Board will have to sell Chinese and Hong Kong stocks and not buy them in the future.
Investors have noticed. More than three-quarters of the foreign cash invested in Chinese stocks in the first seven months of this year has already been withdrawn from China. In excess of $25 billion has exited the country.
Chinese stocks listed in Shanghai, Shenzhen, Hong Kong, and New York have lost about $955 billion of market capitalization this year.... The plunge in the renminbi against the dollar this year has further eroded returns.
Chinese economic news has become downright scary, and, unfortunately for China, there is no such thing as a brave money manager.
China’s companies for decades essentially had a free ride: As a practical matter, they did not have to meet U.S. disclosure requirements, which applied to companies from all other countries. This unjustified preferential treatment was reduced somewhat in August of last year when the Public Company Accounting Oversight Board surprisingly clinched an agreement with Chinese regulators to give the U.S. access in Hong Kong to the audit papers of Chinese companies.
So why should companies continue to get special access to American equity markets just because they come from China? Or why should they have any access at all?
The Chinese economy and financial markets are fragile. It is time to cut off all the blood supply to the Nazis of the 21st century.
https://www.gatestoneinstitute.org/20187/should-nazis-economy
Our government funds every group that wants to kill Americans ……
A war move
Nothing like cornering an enemy /s
This will destroy the US all classes.
We already fund Azov and nobody bats an eye so why not.
Nazis? The National Socialists wish they had as much power as the International Totalitarians.
(and the answer is NO!)
Joe BIden is the Nazi.And his master puppeteer, Obungo.
Corruption and greed got us into this spot.
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