A great awakening to the imminent threat China presents the American way of life has begun as the White House and lawmakers repel communist infiltration and theft.
Kentucky Congressman Andy Barr recently introduced legislation called the Transparency in Chinese Government Investment Act of 2020 requiring corporations to disclose ties with the Chinese Communist Party (CCP).
“This legislation would provide unprecedented transparency for American investors with respect to CCP investments in publicly traded companies,” GOP Rep. Barr said. “CCP investment in American companies frequently leads to CCP manipulation of American companies and investors — whether it be the forced transfer of technology or the outright theft of American intellectual property.”
All told, there were more than 170 companies that had been breached by the CCP on the U.S. stock exchange approximately one year ago. Because these entities frequently shield foreign investors from American eyes, the current tally could be much higher. Some estimate CCP intellectual property theft at $600 billion annually. This thievery has gone unchecked since now-disgraced ex-President Bill Clinton walked the CCP into the World Trade Organization in 2000.
During the Obama-Biden era, the administration made relentless concessions and put a lopsided Trans-Pacific Partnership deal on the table. The multi-national trade deal would have delivered the CCP long-term economic dominance.
“The Obama-Biden administration was laughed at, they were a joke, and they were perfectly happy to let China win, your jobs disappear, and your factory to close,” President Donald Trump said.
Trade imbalances swelled as the regime extended its global reach and Biden’s son, Hunter, was showered with million in communist money. But the Trump Administration is determined to end reliance on cheap communist products and bring U.S. manufacturing jobs back to the homeland.
“American factory workers received nothing but broken promises and brazen sellouts and lost jobs. The last administration tied America up in one globalist debacle after another,” Trump said at an Ohio plant. “They didn’t act, they didn’t care, and they never will. Globalization has made the financial elites who donate to politicians very wealthy. But it’s left millions and millions of our workers with nothing but poverty and heartache.”
In harmony with GOP lawmakers, the president has cracked down on software companies that lace apps with spyware. He’s demanded CCP divestment of popular video app Tik Tok, and plans to ban WeChat and others in the U.S. He recently signed executive orders requiring life-saving medication be manufactured in the U.S.
A White House’s Working Group on Financial Markets has been hard at work identifying CCP threats and bringing force to bear.
“The recommendations outlined in the report will increase investor protection and level the playing field for all companies listed on U.S. exchanges,” Treasury Secretary Steven Mnuchin said.
White House advisors have urged the president to consider delisting companies from the stock exchange who do not comply with heightened transparency audits or are in the pocket of the CCP.
“A new Cold War has begun,” George Washington University China expert David Shambaugh reportedly said. “Keeping a Cold War from becoming a hot war is the issue.”
American taxpayers have been paying for organizations that all nations throughout the world should be paying dues to and networking with to help all countries. Apparently we didn’t get the “memo” since we’ve been paying up the kazoo and few partially holding up to their end of the agreement. They have been enriching their countries with monies they’ve refused to pay out per the agreed.
Chinese CCP stealing billions intellectual property while previous administrations as well as big tech companies kowtowing to them. I don’t understand why!?? What do they have on them? If it’s money, it’s money the people of China never received as adequate wages for work they’ve done. They keep their people in poverty while they live in the lap of luxury and those kowtowing to them contribute to the situation. GREED on the backs of the impoverished. This is what the Democrat left want. Communism, Marxist, socialists.
Glad to see that we have this President and his administration doing something to protect this country and not just self or an elite few. TRUMP 2020
President Trump and all US citizens need to know that Obama gave China some of the USA’s Nuclear Technology in 2010 and ordered Oak Ridge National Laboratory (ORNL) to work with them to develop it. China controls the Earth’s supply of Rare Earth Elements (REE) which are required to manufacture most of the most important 21st century technology that we have developed. The USA did lead the world in REE production until the EPA made it too expensive to mine and refine REEs here because of the radioactive thorium and uranium that are associated with it. China has been dumping this radioactive material in Mongolia for many years. However Alvin Weinberg at ORNL developed and tested from 1965 until 1969 a meltdown proof molten salt cooled Breeder Reactor (MSR) that could use 100% of all thorium and uranium as fuel. Unfortunately our foolish politicians stopped funding the development of the MSR very likely because they only wanted Uranium 235 (U-235) fueled reactors that could breed U-238 into plutonium 239 (Pu-239) for nuclear weapons. Weinberg wanted to use the less expensive and 3 times more abundant thorium to breed into fissile U-233, which is much more difficult to use in bombs, to produce Peaceful Power in the MSR. Actually the MSR could breed either fertile U-238 into fissile Pu-239 or fertile Th-232 into fissile U-233, but our politicians were not interested in peaceful solutions during the Cold War.
Now our scientists at ORNL have always thought the MSR was the Nuclear Reactor we should have been using because it can use 100% of the thorium and 100% of the uranium found in nature for fuel. The Pressurized Water Reactors (PWR)s we use today to produce electricity cannot breed additional fuel and can only use the U-235 uranium isotope for fuel and only .7% of uranium is U-235. Coal ash has long been known to be radioactive so ORNL did a study of it in 1987 and found that there is enough thorium and uranium in the ash when used to fuel their MSR to produce eighteen times the energy produced by burning the coal. The study also found that coal ash contains large amounts of REES, aluminum, and other strategically important chemicals which we depend on China and other countries for.
Our EPA claims that waste from nuclear power plants and coal ash are huge problems. The Democratic Socialist Party wants to fight Global Warming and stop burning fossil fuels. President Trump wants to create more jobs, employ everyone in Coal Country, and compete with China. The answer should be obvious. The MSR can use all our nuclear waste and coal ash as a source for fuel. The coal miners can start cleaning up all of the coal ash and produce strategically important materials from it. We can compete with the Chinese and would not depend on them for anything. The MSRs are much safer and smaller than PWRs and do not require any cooling towers. They could be inexpensively mass produced and 250 MSRs could produce 50% of all our electric power 24/7. The Democratic Socialist Environmentalist Solution would require half a million gigantic wind turbines, enough solar power farms to cover a small state, and would be incredibly expensive. You can google “MIT ORNL China MSR” to see if the Chinese are going to use this gift from Obama.
The only real problem with using the MSR to dispose of our nuclear waste is that while it could use all of the fertile and fissile uranium and plutonium in our so called spent fuel rods, doing that would require using MSRs to provide 100% of our electic power for a few hundred years. I doubt that Alvin Weinberg considered we would continue making the same stupid mistakes for so long when he designed the MSR. Just how much is that technology worth?