Roger Robinson: Federal retirement funds should not fund China’s regime

Roger Robinson, Co-Founder and Chairman of the Prague Security Studies Group, joins Secure Freedom Radio to discuss China’s penetration of the US federal retirement system.

Robinson details the Thrift Savings Plan campaign to join the Wall Street legions who are financing our enemies in Beijing:

“It is very disturbing. We have not been screening capital markets for the 25-30 years the Chinese have been flooding into our markets both for stocks and bonds. As a consequence, we have no idea of the kind of companies that have been entering our markets. There are disturbing corporate bad actors among them. Some even advance weapons manufacturers that are affiliated with the People’s Liberation Army. Others are enabling egregious human rights abuses such as surveillance cameras for the concentration camps in Xinjiang holding a million and a half Uyghurs. The list goes on and on. Some of these companies are even sanctioned by the US. So, we have this untreated disease in a sense, a virus of a kind, that has penetrated the portfolios of a hundred 60 million or more unwitting American investors and taken out of our markets maybe as much of $2-3 trillion dollars so far, with the intention of taking another $2-3 trillion in the next 36 months. Unfortunately, this problem of an untreated set of companies from our principle advisory have now threatened to penetrate the federal Thrift Savings Plan of the United States. That is the retirement system, the 401K equivalent for 5.8 million federal employees. This is a $700 billion fund and it too is imminently going to move the money- if they have their way, $50 billion of it- in the international fund to a stock index, called the MSCI All Country World Index, that is replete with these Chinese and Russian bad actors. So, this is the nub of the problem, and it is much bigger than just the Thrift Savings Plan.”

Listen to the full show here