Some of your Pentagon nuts prefer to keep millions of Americans unemployed rather than have them working for the Chinese heathens.... Or maybe the military brass are planning to turn the jobless into cannon fodder? There're so many potential wars waiting to be waged, after all --Iraq, Afghanistan, Iran, Syria, North Korea,....
Advances in Chinese Penetration of the U.S.
Col. Stanislav Lunev
May 19, 2000
The administration in Washington has intensified its assertion that U.S. national security requires Permanent Normal Trade Relations (PNTR) with Communist China. They claim that entry of China into the World Trade Organization will greatly strengthen the U.S. economy. The matter is being brought before the House of Representatives for consideration on or about May 22. If approved, Red China will have finally achieved its long-coveted PNTR status.
In both moral and practical terms, however, approval by the U.S. Congress of Red China's membership cannot be justified. China still vehemently condemns the United States as the "leader of international imperialism" and as its chief enemy. At the same time as American politicians are trying to rally support for Beijing, Chinese Communists are extending their presence in the United States in order to establish new areas of influence over American affairs. These developments represent an advance in the Chinese penetration of the United States that is in addition to the past successes of Chinese espionage in this country.
The question of Red China's political and military intelligence on American soil is well established and has been very effective. It is common knowledge that extremely sensitive high-tech weapons technology is being deposited virtually nonstop into the war chests of the Chinese military and its armaments industry.
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There are also the Chinese companies on American soil, most, perhaps all, of which were conceived by the communist government in Beijing, such as the Chinese business operations inside former U.S. Navy facilities in the Long Beach area of California and those in Palmdale. The Hong-Kong-based Hutchison Whampoa, a company with close ties to the Chinese government, already controls ports at both ends of the Panama Canal with its geostrategic importance for the United States and the free world.
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Another, more recent, method of crippling the United States are China's efforts to penetrate the U.S. capital markets. Significant progress has been made in this area since Chinese corporations are already represented in some cases. U.S. investors are now buying Chinese stocks and bonds. Without their knowledge ordinary Americans are having money from their public and other retirement plans invested in Communist Chinese corporations. Not only have they become unwitting participants in strengthening Red Chinese tyranny, but also their future pension checks will depend on Red Chinese profits.
Currently U.S. pension funds, mutual funds, life insurance, and corporate and private portfolios are all viewed by Communist China as sources of cash with which it can put Americans interests at risk. If this is allowed to continue, it will give China enormous leverage in the future to intimidate and exert its influence over the individual American citizen.
Until recently it looked like little could be done to stop the Red Chinese infiltration of American society. On April 6 the Chinese corporation PetroChina was listed on the New York Stock Exchange (NYSE). It was priced at the low end of its predicted range and finished on April 10 at $15.19, lower still. This near meltdown of the PetroChina Initial Public Offering (IPO) - which shrunk by over 70 % of its original goal of $10 billion - was in large part achieved by the opposition of a broad-based coalition of right-thinking people.
The coalition is made up of patriotic Americans with a clear understanding of the grave dangers of these Red Chinese intrusions into American affairs. Among coalition members are Ron Blackwell, Director of Corporate Affairs, AFL-CIO; Dr.Charles Jecobs, President, American Anti-Slavery Group; Braden Penhoet, Esq., Center for International Environmental Law; Roger W.Robinson Jr., Chairman, William J.Casey Institute of the Center for Security Policy; Nina Shea, Director, Freedom House's Center for Religious Freedom; John Ackerly, President, International Campaign for Tibet; and others.
"The intensity of the PetroChina controversy without doubt raised the level of awareness in the markets concerning the problems besetting Chinese state-owned firms," stated Roger W.Robinson, a leading critic of PertoChina, in a recent interview with NEWSMAX.COM. According to further statements by Robinson:
"American investors have sensibly recoiled from this offering by a subsidiary of China National Petroleum Company (CNPC)- a quintessential 'old economy' dinosaur that has labored under a bloated payroll of some 1.2 million employees.
"It is worth remembering how PetroChina came into being: it was hastily configured in the hope of finessing a well-organized opposition coalition which understood that U.S. investors could end up unwillingly helping underwrite the terrorist-sponsoring, weapons-of-mass-destruction proliferating, slave-trading and genocidal government of Sudan.
"[T]he PetroChina deal subsequently ran into a buzz saw of different controversies ranging from its reported intentions to lay off up to 800,000 workers, to the plan to despoil the Tibetan Plateau. These and other problems were much in evidence at a press conference held on the eve of the April 6 issuance of the PetroChina IPO on the NYSE."
Mr. Robinson's concern about the national-security implications of the Chinese penetration of U.S. debt and equity markets have made him a driving force behind the coalition. He emphasizes that the near meltdown of the PetroChina IPO was in large part due to the broad-based opposition coalition of organizations and individuals motivated by human rights and national security concerns. Efforts to attribute exclusive - or even primary - responsibility for this to the general decline in U.S. investor interest are misplaced, as a number of leading financial publications have made clear.
The indefinite postponement of the estimated $6-billion Sinopec IPO (scheduled for the NYSE in June) and the listing of the Baoshan Iron and Steel IPO (anticipated to be in the neighborhood of $1-2 billion) were reportedly a direct result of this historic and intense opposition to PetroChina.
Mr. Robinson, who worked in Ronald Reagan's National Defense Council and as Senior Director of International Economic Affairs, was a principle architect of the economic and financial strategy which hastened the demise of the Soviet Union. He revealed further that the total amount of capital raised by Chinese state-owned firms in the U.S. equity market during the first half of this year was c. $15 billion.
"The message," Robinson said, "is clear: Henceforth, the definition of 'market forces' and 'due diligence' risk assessments for foreign firms seeking to enter the U.S. capital markets will need to be expanded. The lessons of the PetroChina dispute should be integrated into public-pension, fund-purchasing decisions as well as into the deliberations of other international portfolio managers."
This case demonstrates that at a time when the allegiance of many Washington politicians is no longer to the United States, dedicated average Americans can do much to stop the penetration of this country by Red China and other alien forces. The efforts of Roger Robinson and the other participants in the "Anti-PetroChina Coalition" has established a new precedent for citizen activism in the United States. There is no reason other global sneak thieves cannot be denied as well the opportunity to finance their nefarious activities with pension and other funds of the American people.
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