Posted on 04/09/2022 9:17:12 PM PDT by SeekAndFind
I stay far away from Chinese stocks
P
Who do they think they are, Congress Members or something?
Read later.
I was thinking the same thing, maybe Nancy Pelosi.
Chinese Cheaters ever prosper...
I’m sure The Big Guy is getting his cut.
In his excellent book “Steath War” Gen. Robert Spalding (Ret.) discussed just how elaborate the state-run efforts at open industrial espionage are.
There was an American company that developed a great product, a “green” solvent of some kind. They were ramping up to go public, it was all looking rosy.
Then they began having problems. They thought it was with their marketing team, not following up leads for contracts, so they overhauled their Sales.
Then, they began having angry customers saying shipments were late, and when they did ship, they were not the correct product, or it was a partial shipment. Some customers had no product shipped at all. They began bleeding money in their support/sales, customers cancelling orders, so they shook up those two departments.
They had to delay going public, but out of the blue, they got a call from a Chinese investment number that made them an offer that was an uncannily accurate number (in investment terms) and they were flummoxed.
How on earth did someone outside the company know this, they thought. The brought in a company who determined they had been hacked. Everything.
And the hacking entity had gone into their sales program, and changed orders minutely, doubling this order, halving that one, delayed shipment dates to make them late, or even cancelling them.
And they did it in such a way as to make it difficult to determine there was actually a real problem, making it look like incompetence.
They brought in a government agency, and it was determined that Communist China was the culprit. State run.
They wanted to get the product and its patent, that was all.
Omg.........
My thoughts exactly; they are just stepping on our elites’ toes...
When American companies allow so much work to be seen overseas (through offshoring of white-collar jobs), this is inevitable - no need to even hack the system. That information is outside the legal protection of the US government; this issue arose years ago when it became known that a large tax preparation service was sending info to India.
I stay far away from Chinese stocks
Small investors get the dregs.
This was a domestic company-no presence in communist China. The came over here to do their dirty work.
Did we send them through our colleges then let our companies hire them instead of our citizens?
Grasshopper...
That could be… But it wasn’t really the point I was trying to make-the point is, we can keep everything we want in this country and hire no Chinese nationals at all, but they’re going to find a way into our networks and break the law and cheat in anyway they can. That’s the poin-t it’s what they do. It’s ingrained in their culture. They have no conception of intellectual property rights from the lowest street vendor to the top of the Chinese communist party.
I think I saw this in a movie.
I think they do understand the rights but don’t care; one shortcoming of socialism/communism is that there isn’t much R&D (because there is less corresponding reward to recover the costs, never mind make a profit). Those economies are programmed to rip off others’ work.
The book I mentioned is a remarkable book, not just for what it contains, but for the man who wrote it. (Gen. Spalding)
If you have time, this gives you an idea of exactly who this man is. He is an absolute Patriot, a brilliant and accomplished one, and a very concerned one). (He was expelled from his posting on the National Security Council for raising the alarm about Communist China and its looming takeover of 5G.
LINK: Former Brigadier General Robert Spalding full interview with Patrick Bet-David
LINK: FOX NEWS: General leaves National Security Council after leak of 5G telecom memo: report
He was a senior B-2 pilot in the Air Force, and he was selected to learn Chinese, take a sabbatical to go to Communist China, attend one of their colleges to earn an advanced degree, and learn all he could about Communist China. And he did it openly, when asked, he would truthfully tell people who and what he was, a senior American Air Force officer, which many Chinese were puzzled about.
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