U.S. pensions hurt by China's crackdown, says former White House trade advisor (Peter Navarro on CNBC Squakbox this morning) (Four minute video clip)

MSN ^ | August 4, 2021 | Joe Kernen, Peter Navarro

[Perseverando]

Peter Navarro, former director of the office of trade for the Trump white house, joins "Squawk Box" to discuss China's tech crackdown and how it affects the U.S.

(Four minute video clip)

[Perseverando]

Four minute video discussion big tech crack down in China and how it has taken a "$400 billion bite out of U.S. pension funds.

Also, China's economic warfare against the U.S. as it strives to dominate the world.

Steve Bannon was talking about Navarro on CNBC this morning on War Room.

(Watch it, or don't.)

[elpadre]

I thought there was a regulation requiring all US pension funds to be invested in US controlled markets. Or was a proposed regulation?

[Perseverando]

Navarro talks about that at the 1:20 mark.

[PIF]

U.S. pensions hurt by China’s CCP corporate takeover

[Tell It Right]

There has been talk, and I believe actual legislation passed, at the state level in some states to ban pension money from investing in Israeli companies.

But evidently investing in Cheyna is A-OK with union and government pension managers.

[srmanuel]

It’s not only that but until recently Chinese Companies didn’t have to submit audited financial statements before being listed on the NYSE and NASDAQ , Congress passed a law requiring Chinese companies submitted audited financial statements but so far no Chinese company has with the law

[teevolt]

Can’t watch video now, so I don’t have context. In general though, if a pension fund is exposed to China acting like communists, then shame on the pension fund.

[Dr. Thorne]

My investment group had my individual retirement account in two "Emerging Markets" funds among the usual large, middle, small cap and bond funds. I took a look at the holdings in those EM funds and was shocked. Bank of China, PetroChina, Industrial and Commercial Bank of China, Sinopec among others! These are Emerging Markets?

I called and told my broker to dump those funds and put the money in US mutual funds. Frankly, I don't know if I would have done better by retaining those EM funds, but I haven't lost a night's sleep over it and am glad that my money isn't helping those dirty commie bastards.

Most pensioners have no idea where their pension funds are invested. The managers at these PFs are sold on how much the big banks and investment houses can make for them by investing their pools of money. The greater the return, the greater the bonuses for those managers. They don't care if that pool of money is helping the ChiComs. I urge people on pensions to review a prospectus of their pension investments. They also might be shocked.

[Uncle Miltie]

So, you were stupid greedy and invested in a communist totalitarian dictatorship.

[SteveH]

FSEAX Fidelity Emerging Asia Fund

including:

Alibaba
Tencent
Bilibili
Meituan