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'Scandalous' Report: Unless It's Stopped, US Federal Workers Will Be Funding Chinese Companies 'Designed to Kill American Service Men and Women'

Eric Philips : Dec 12, 2019  CBN News

"It's almost hypocritical for the federal government to allow for those individuals who have worked for the federal government ... to see their money being invested in companies who are very much antithetical to the interest of the United States." -Rep. Jim Banks who is behind legislation that would prevent those federal funds from being invested in Chinese companies.

airlift(Washington, DC) — [CBN News] Federal workers might be shocked to know that they could soon fund Chinese companies aiming to harm the US. Unless something changes, it will happen starting next year through federal retirement plans. The somewhat quiet decision will affect hundreds of thousands of federal workers including our military. (Image: via CBN News)

"The single most important thing we can do about the emerging and burgeoning China threat, is to stop underwriting it," said Frank Gaffney who leads the Committee on the Present Danger: China.

He charges Wall Street is behind this underwriting effort because Morgan Stanley includes certain Chinese companies in its retirement portfolio.

Gaffney says trillions pour into companies that not only promote human rights violations but also literally fight against us, like Aviation Industry Corporation of China.

"Building actual weapons systems designed to kill American servicemen and women and for that matter the rest of us," Gaffney says.

He is speaking out now because the US government sits ready to follow private industry.

The board overseeing the Federal Retirement Thrift Savings plan has decided to include these same companies in its portfolio. This would affect service members, Congress, and the president's cabinet. Rep. Jim Banks is behind legislation that would prevent those federal funds from being invested in Chinese companies.

"Really we're talking about millions of dollars that are invested on behalf of federal employees," Banks said. "It's almost hypocritical for the federal government to allow for those individuals who have worked for the federal government...to see their money being invested in companies who are very much antithetical to the interest of the United States."

Hank Paulson served as Treasury Secretary for President George W. Bush.

"Decoupling China from US markets by delisting Chinese firms from US exchanges is a terrible idea," Paulson said. Subscribe for free to Breaking Christian News here







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