September 30, 2019

Time to Deregister Dangerous Chinese Stocks

This is Frank Gaffney with the Secure Freedom Minute.

President Trump reportedly has under consideration deploying a powerful new weapon against Communist Chinese aggression that is now becoming evident in virtually every conceivable domain. It would involve ending China’s ability to use Americans’ pension funds and other investments to underwrite the threats the PRC poses to us. What a concept! 

By deregistering companies linked to the Chinese Communist Party – and, let’s face it, they pretty much all are – we can stop them from raising mega-billions on our capital markets. As a result, U.S. investors would no longer enable, for example, Chinese corporations that are building Beijing’s police state apparatus, its man-made and fortified South China Sea islands and its next generation of naval combatants. 

Wall Street is furiously lobbying to let it keep funding our enemy. One of its alumni, Treasury Secretary Steven Mnuchin, is, too. Just say “No,” Mr. President.

This is Frank Gaffney.

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