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In a letter to President Donald Trump sent Monday, Brian T. Kennedy and Frank J. Gaffney – the Chairman and Vice Chairman of the Committee on the Present Danger: China, respectively – warned against further economic entanglement with the Chinese Communist Party (CCP).
Specifically, the authors observed that a proposed $1 trillion investment here by the Peoples Republic of China in exchange for increased Chinese Communist Party access to our economy and society would be dwarfed by the value of the damage to our competitiveness, prosperity and national security that the CCP has perpetrated to date via its “unrestricted warfare” – and greatly compound such damage going forward.
Chairman of the House Select Committee on the Chinese Communist Party John Moolenaar described this proposed deal to Fox Business host Maria Bartiromo as an invitation for America to join the CCP’s imperialistic Belt and Road Initiative.
Drawing on the Committee on the Present Danger: China’s extensive documentation of the nature, scope and impact of the CCP’s “unrestricted warfare” against this country, aimed at “destroying our homeland,” Messrs. Kennedy and Gaffney called on President Trump to ensure that:
…No further investments in our country by Communist China be permitted prior to remedying the on-going theft of American intellectual property, China’s defaulted sovereign debt, the repatriation of Chinese nationals here illegally, the fentanyl warfare, and U.S. investor funding of sanctioned Chinese companies and the PLA, to name but a few. Above all, the CCP must publicly disavow and end its pursuit of our complete demise.
On financial grounds alone the Chinese gambit would be a bad deal for America. The Kennedy-Gaffney letter estimates that the cost of Chinese theft of American intellectual property alone is now roughly $1 trillion per year. It notes that President Trump has estimated the economic and financial cost to the United States of what is believed to have been a biological warfare attack with COVID-19 is $20 trillion. U.S. investors have been induced by Wall Street and the Obama administration’s “craven disregard for national security” to put an estimated additional $3-6 trillion into CCP-controlled and in many cases People’s Liberation Army companies. And the PRC has to date stiffed American holders of Chinese sovereign debt for perhaps as much as $5 trillion in defaulted bonds.
The Capitol Switchboard is (202-224-3121), call today and tell your Senators and Representative that you demand they conduct hearings and investigate how further Red Chinese investment in America will impact our national security, intellectual property security and freedom of action in international affairs.
- Chinese farmland purchases
- The Unrestricted War movie
- Donald Trump administration
- ban Chinese land purchases
- Wall Street
- China trade
- Jamie Dimon
- Brian Moynihan
- Kamala Harris donors
- Office of Professional Responsibility (OPR)
- Contemporary Amperex Technology Co.
- CATL
- FrankenAI
- Artificial Intelligence
- Obamagate
- Representative John Moolenaar (R-MI)
- Chairman of the House Select Committee on China
- BRICS
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