Posted on 05/12/2020 11:25:09 AM PDT by absalom01
Leading Trump administration officials on May 11 moved to block further investment by U.S. federal retirement funds into Chinese equities that “present significant national security and humanitarian concerns,” reported FOX Business.
National Economic Council Chair Larry Kudlow and National Security Adviser Robert O’Brien addressed a letter to U.S. Labor Secretary Eugene Scalia on Monday detailing the Trump administration’s wishes.
The letter obtained by FOX Business outlined the Trump administration’s objections to the Thrift Savings Plan (TSP)—the federal government’s retirement savings fund—investing in Chinese companies. According to the news outlet, the funds total some $4 billion in assets.
The letter stated, “Departing from the [Federal Retirement Thrift Investment] Board’s established index for the International Stock Investment Fund (I Fund) to track one that maintains Chinese equities is risky and unjustified.”
(Excerpt) Read more at theepochtimes.com ...
Now that’s the thing
A blowtorch under their butts
There are plenty of other way the ChiComs are getting your money, but giant pension fund managers are plowing US dollars of hard-working patriots into these funds while getting huge fees, otherwise known as bribes.
When and who moved the pension fund to the Chinese??
If that money gets reinvested in the US markets it will created additional upward momentum.
Good. He knows what’s going on.
Have the Chinese come up with a WHINE yet ? LOL
Awesome
The federal retirement plan has been putting monies into Chinese businesses since 1993!!!
I chose not to do such, since ‘the markets rise and fall like moby dick’.
BTTT.
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