What would you say if I told you that you are financing
Chinese concentration camps and helping them build ICBM’s? What if I told you
that Iran, North Korea and the PLO have benefitted from your financial investments?
Despite our Lord’s command to love our enemies, I don’t think that extends to financing
their evil intentions. Yet this is exactly what millions of Americans are
unwittingly doing through their investment holdings. Private and government
retirement plans are buying equities and bonds in Chinese concerns. Many mutual
funds and other “basket” investments now include companies that support the
Chinese effort to become the next world superpower.
The latest issue of Imprimis has a shocking article
detailing the depth to which Americans have gone to finance the Chinese program
of world domination. The author of the article is Robert W. Robinson, Jr.
Robinson was a member of President Ronald Reagan’s National Security Council.
He has served in several other high-level positions that give him a clear view
of the subject of Chinese plans. Robinson’s article is quite detailed and
perhaps too arcane for general consumption. I will summarize what he wrote
hoping to wake readers to the eminent danger.
Robertson begins by explaining how important President Reagan’s
economic strategy vis-à-vis the Soviet Union was in precipitating their demise in
1989. Simply put, the USSR was using Western capital to finance their plans for
world domination. President Reagan used his power to systematically defund
Russia’s efforts. Reagan’s plan involved no guns or missiles, but he destroyed
the USSR as completely as if he had ordered a nuclear strike on Moscow.
Robertson believes that America is now in the same position
with China that Reagan was with the USSR. Robertson goes into fine detail to
show how China has been systematically penetrating the American markets through
trade deals, clandestine investment, industrial espionage and outright theft. China
relies on American dollars to finance its expansionist policies. China gets
those dollars in a number of subtle ways, but the most egregious is through
investment by American mutual funds and retirement programs, both private and
government sponsored.
Once upon a time, I was a Registered Representative. Since
that time, I have been more aware of the importance of financial markets to the
average person. Back in the 1990’s, we were concerned about responsible Christian
investing: no alcohol, tobacco or other “sinful” investments. Several mutual
funds were created to meet the need for “socially conscious” investing. These
funds typically underperformed, so many languished or disappeared. Money was
more important to people than principles.
In this current situation, we may be dealing more with our
very existence as a free country than as a “moral” country. If China continues
to leverage its control over American markets, they could conceivably create a
situation that would make the crash of 1929 look like a church picnic. I’m not
an alarmist; I know God is in control. I also know that He expects us to do
what we can to promote justice and equity in the world. Promoting China
promotes the opposite of our cherished principles.
You are pretty much powerless to change what your company
retirement plan invests in. We all have some say in what our government plans
invest in. Robertson suggests that what is happening has already run afoul of
SEC regulations and government restrictions on foreign investment. As arcane as
it may be, I am asking that any of my readers who understand what this all means
to make some noise. Call a congressman; lobby your investment counselors asking
them to investigate this; check what your mutual funds etcetera are involved
with.
This situation may be an example of what Yeats meant when he
wrote in “The
Second Coming” that the center cannot hold. We may be spiraling into the
void. He prophesied, “The best lack all conviction, while the worst \ Are full
of passionate intensity.” The “rough beast” he foresaw may be Chinese. Do what
you can or don’t be surprised when the second coming is not what you expected.