Millions of people are infected with a virus across over 200 countries and territories around the world and it was caused by a cover-up in one country.
The Chinese Communist Party deliberately covered-up the truth, which led to the outbreak of the global pandemic – therefore, we refer to the Coronavirus (COVID-19) as “The CCP virus”
Let’s start with Wall Street. The CCP virus began to spread in New York in early March, yet Wall Street did not shut down. Even into April, some JP Morgan Chase traders in New York were required to work despite the pandemic, and despite an outbreak at their offices.
One manager director on the fifth floor developed symptoms on March 9th, and subsequently tested positive. In the following three weeks, about 20 employees were infected with the CCP virus, and sixty five others were quarantined.
JP Morgan Chase is an “old friend” of the CCP. In 1973, Chase Manhattan was the first American Bank to act as an agent of the Bank of China in the United States, six years before the two countries established formal diplomatic relations. Led by JP Morgan Chase, Wall Street has channeled huge amounts of money to the CCP over the past 40 years.
JP Morgan Chase launched the “Sons and Daughters” hiring program in 2006, hiring about 100 children of powerful Chinese officials to help the bank win billions in business contracts with China, which resulted in the bank gaining $100 million in business profit.
JP Morgan Chase later admitted the Sons and Daughters Program violated the U.S. Foreign Corrupt Practices Act (FCPA), and it paid more than $260 million dollars in settlements to avoid further investigation and prosecution.
Curtis Ellis, policy director, America First Policies; “The large Wall Street banks and other large American-in-name-only companies, were more interested in making as much money as they could by trading with a mortal enemy, then in abiding by American laws and American standards and upholding American values. I’m sure if you dug around and looked around, you’d find that JP Morgan wasn’t alone in that kind of practice.”
Through the exchange of benefits Western companies in China get special treatment from the parents of the second generation of Reds (party officials). In return, they are plainly using their power for money.
Heng He, a Chinese crime analyst, is quoted as saying; “Western values have had little influence on the CCP while many Westerners have learned the values and bad behaviours of the CCP.”
Jamie Dimon, CEO of JP Morgan Chase, is the chairman of a powerful lobby; Business Round-table. Dimon strongly opposed increasing tariffs on Chinese products in 2018 when the White House imposed measures amid the trade war. The measures were aimed at stopping the CCP’s trade practices that undermined the global trade order.
“We should try to be friendlier, to understand their problems.” said Dimon.
Dimon is not alone. The elites on Wall Street have frequently lobbied for Beijing in Washington over the past few decades.
In later years, pressure by Wall Street lobbyists influenced the decisions of presidents George Bush and Barack Obama to remove China from the list of currency manipulators. In August 2019, following an escalation in the Sino-U.S. trade war, the Trump administration re-designated the PRC a currency manipulator.
The Debate Over Tying Trade To Human Rights
In 1989 the Tiananmen Square democratic movement was blood-washed with tanks and machine guns by CCP troops. After the Tiananmen Massacre, the West imposed strict sanctions against the Chinese regime. Whether to make China’s WTO ‘most-favoured-nation’ status conditional on human rights was repeatedly debated in Congress, but the U.S. granted China the status every year in the 1990’s under the Clinton administration (1993-2001). Diane Feinstein was argued against tying China’s most-favored-nation trading status to human rights improvements.
There was a view that if the West had better relations with China, a stronger, more self-confident China, it would be an international stakeholder. It was also thought that this would open up China, and if China was wealthier, it would move in the direction of democracy.
This is the method or reasoning that they used to overcome human rights advocates in Washington, and allow China to join the World Trade Organization (WTO).
In 2000, Robert Rubin, then US Treasury secretary with a Wall Street background, facilitated the Clinton administration’s support for the CCP to join the World Trade Organization. If Wall Street had gone with the general moral standard, the US should not have cooperated with a regime like the Chinese Communist Party.
For example, we all know that South Africa had an apartheid system, but under strong pressure from the American people, and American and Western companies withdrew their capital from South Africa.
This divestment actually led to the collapse of the apartheid regime, and resulted in true democracy in South Africa. Nowadays, American companies are obviously less concerned about the human rights issues in China. It’s been a system of lower tariffs on a permanent basis rather than on an annual basis contingent on China making progress in human rights.
This decision will go down as the most consequential and the most dangerous mistake in history. This resulted in a transfer of wealth from the United States and from Western industrial democracies, to the communist tyranny.
In May 2000, Diane Feinstein lobbied for making permanent normal trading relations with China, a measure that ultimately passed, and helped pave the way for its entrance into the World Trade Organization, which Feinstein also supported. Diane Feinstein’s connects with China are long, sordid, alarming, and go right to the top of the CCP, often having Chinese Premier Li Ping, known as the “Butcher of Beijing” for his role in the Tienanmen Square crackdown, over for Thanksgiving. Read the full story on Feinstein here.
After Wall Street helped China enter the WTO, big corporations started shifting production lines to China to take advantage of cheap labour, then they sold the goods back to the United States. This caused the US trade deficit with China to rapidly increase from $83 billion in 2001, to nearly $420 billion in 2018. Meanwhile the United States lost 3.7 million jobs; 74% of them were in manufacturing.
The West moved manufacturing, showed them how to manufacture, and gave them our best practices in their production plants. We helped them with their laboratories, so we’ve basically taught them all the ropes that we know from an economic perspective, but you have to understand from the Chinese Communist Party perspective, it’s a case of “give us all this information, technology, and all this know-how, so we can learn how to unwind you and to weaken you.”
Every major American industrial corporation outsourced and moved its industrial production to China, maybe not 100% of it, but a good piece of it. They saw replacing well-paid American labour with cheap Chinese labour boost their stock price. They were driven to do this by the Wall Street financiers. They squeezed American companies to move offshore as a way to boost share prices and to boost profitability, and this was Wall Street’s direct culpability in our dependence on China, and the gutting of American manufacturing.
The CCP’s exports have increased by about seven times, and its GDP has increased by more than four times since its entry into the World Trade Organization (WTO). The CCP has also obtained the financial power to expand its global political influence.
As we know, many of these Chinese enterprises are actually foreign exchange earning-oriented enterprises that export to the United States, and Europe, including the United Kingdom.
The foreign exchange obtained by these exports is actually compulsorily purchased by Chinese state-owned banks. They then give the Chinese companies the same amount of RMB, and they keep the foreign currency in the hands of the Chinese government. Then the CCP uses this foreign exchange reserve as a tool for international exchanges that threat the United States, for example’ to support Iran, North Korea, and Venezuela.
Every time in good faith we have extended them an opportunity to join our trading organizations and to take part in world commerce, they then work against the West. They exploit the institutions that we put in place, they steal our technology, they extort our businesses who try to open up in China and have access to their markets, and at every turn they’re working against us in undermining our way of government in our way of life.
China has not developed along the planned trajectory. World Press Freedom Indexes once again ranked China as one of the lowest in the world in 2019; 177 out of 180.
The CCP’s Economic Trojan Horse
Wall Street helped the first Chinese company, state-owned Brilliance Auto, get listed on the New York Stock Exchange in October 1992, three years after the Tiananmen Square massacre.
Soon companies from mainland China came to America one after another. As of February 25th 2019, there were over 150 Chinese companies listed on US exchanges with a total market capitalization of $1.2 trillion.
The top three are Alibaba, followed by two energy companies directly owned by the communist regime; Petro China and China Petroleum and Chemical. Remember, any Chinese company is completely controlled by the Chinese Communist Party. Companies are not owned by investors and run by board of directors in China, the CCP absolutely controls it. The larger the company, the more CCP “executives” are in management at that company.
As China grew more wealthy, and they started to develop their own indigenous companies, and own indigenous industries, they turned to the Wall Street investment banks like Goldman Sachs and others, to be listed on American stock exchanges. There was a problem there, in that these Chinese companies don’t play by the same rules that American companies play by. They don’t open their books. China does not allow US regulators to audit its company’s books. The Chinese government claims these are state secrets and thus cannot be shared with the outside world. This exposes American investors to unprecedented risks.
in 2015, George Vlahos, an 84-year-old retired educator from Massachusetts, pleaded with Xi Jinping, who was about to visit the United States and asked him to “give a little hope” to investors in America who have suffered losses. Vlahos purchased Sino Clean-Energy stock, which was then delisted by NASDAQ due to filing delays for its quarterly report with the Securities Exchange Commission (SEC). As a result Sino Clean-Energy’s share price fell from a 2010 high of $10, to just 5 cents in 2015.
Vlahos, along with countless others lost entire life savings, as they believed these companies were regulated to the same standard as listed Western companies.
One particular member of Congress said the head of the Chinese Securities Regulatory Commission (CSRC), the Chinese version of the SEC, explained to U.S. congress members that Chinese companies don’t need to be adhering to the same regulatory standards as US companies, because their books are “National secrets”, and that every person and every audit within any Chinese SOE is a state secret, and therefore they can’t be audited.
When a Wall Street investment bank advises a Chinese company for its public offering, the bank earns a 3%-7% underwriting fee on all funds raised. The bank is then responsible for conducting “due diligence investigations” into the financial records of these Chinese companies. However disasters happen frequently. Luckin Coffee, China’s largest coffee chain, admitted on April 2nd, 2020, that 40% of its 2019 sales were fabricated. Luckin had been listed on NASDAQ for less than a year. The next day Luckin Coffee’s share price fell by 80%, and investors suffered heavy losses. Underwriters of luckin include Morgan Stanley.
From 2011 to 2012, over 50 Chinese companies listed in the United States were suspended or delisted due to financial fraud or non-compliance with trading rules. It’s quite common for Chinese companies to keep fake accounts, and most have two sets of accounting books. It’s so common that all Western companies operating in China know about it.
If all listed companies lived under the same rule of law; 95% Chinese companies couldn’t be listed in the U.S. Maybe 99%.
Wall Street companies, banks, the Big Four, and other management consulting companies were complicit in the run-up of the Chinese Communist Party.
Bankrolling The CCP
Many Wall Street investors’ affinity with Beijing have become especially apparent following the start of the U.S.-China trade war in June 2018.
Wall Street has been pushing capital continuously into China’s stock and bond markets in addition to helping Chinese companies get listed on the US stock exchanges.
The month that the U.S.-China trade war began, Morgan Stanley Capital International (MSCI) officially included A shares of Chinese corporations in its “Emerging Market Index” at a 2.5 percent inclusion ratio. This means that 2.5 percent of MSCI’s index consisted of Chinese A-share companies.
That September, FTSE Russell, the world’s second-largest index company, announced that it would include A shares in its global stock index system and classify them as secondary emerging markets. According to statistics from securities companies, this move was theoretically expected to bring incremental capital of more than $500 billion to A shares.
Last April 1, Bloomberg announced the official inclusion of Chinese bonds in the Bloomberg Barclays Global Composite Index.
On February 28th, 2020 JP Morgan Chase included CCP government bonds into the JP Morgan GB-IEM global diversified index. According to Goldman Sachs’ calculations, the inclusion could funnel three billion dollars in foreign capital into the Chinese bond market every month. A Bloomberg-Barclays index has started including domestic Chinese bonds, and some of Morgan Stanley Capital International’s (MSCI) indexes continue to increase the weighting of Chinese domestic stocks.
These indexes are tracked by asset managers around the globe, who then seek to replicate the benchmark’s holdings. This will draw hundreds of billions of dollars into Chinese financial markets.
We also know that the Chinese Communist government has constantly exerted pressure on MSCI to increase the weight of Chinese enterprises. The Chinese Communist Party uses this to create the illusion that China’s economy is thriving. The illusion has been used in exchange for the legitimacy of its regime, and to attract more funds from other countries.
In other words; these index companies are unknowingly, passively, and even actively participating in the CCP’s deception of the world.
One MSCI index includes 234 Chinese A-Share companies – companies listed on Chinese stock exchanges. The companies include Hikvision, which provides surveillance cameras for Xinjiang concentration camps. They build facial recognition software for a techno-totalitarian surveillance system that the Chinese Communist Party needs to maintain its grip on power, and which it’s now exporting to other countries around the world. These are the kind of companies that American capital, American dollars are being fed into by Wall Street bankers.
Another company listed is state-owned Avic Shenyang Aircraft Company Limited, which manufactures fighter jets for the CCP military.
Meanwhile the CCP military regards the US military as its “number-one imaginary enemy”, they call the US their enemy, and they say that they are at war with the United States and the West. These companies are completely owned by the Chinese Communist Party and what they stand for; oppression and human rights violations.
The management of the Federal Retirement Thrift Investment Board has now decided to track the MSCI index. This means that a portion of the $600 billion managed by the organization will flow into Chinese stocks, providing funds to companies that endanger U.S. national security, and help the CCP suppress human rights.
The support from Wall Street for the CCP has obviously made it possible for the CCP to spread its ideas of communism, and spread the way it governs to the world, endangering humanity.
MSCI indexes also include the Chinese company; ‘Tencent’, which owns the social media giant ‘WeChat’.
WeChat has long helped the CCP monitor dissidents. During the epidemic, several doctors in Wuhan were suppressed by the police after exposing the truth of the virus’ spread on WeChat.
The CCP were lying from the beginning of the process; their cover-ups, they imprisoned scientists who dared speak the truth, they destroyed samples, they lied to the world through the WHO, and really allowed this thing to grow into something that in the end we can’t control anymore, now we’re just reacting to on a worldwide level.
America’s political and economic elite once held the naive notion that helping China’s economic development would eventually make the Chinese Communist Party change its pattern of behaviour. Has the nature of the CCP changed over the past 40 years since the establishment of diplomatic relations between China and the United States?
China has not become more democratic, nor has it become more peace-loving, and it has certainly not become more Western. It is deeply hostile to the United States, to Western values, and the values of Western civilization. The party members of the Communist Party ruling elite of China are highly nationalistic and they dream of a world in which the Chinese Communist Party’s totalitarian power is extended on a global scale.
The CCP is the most brutal regime in the world. It has murdered over 65 million Chinese people under its various political campaigns, according to estimates in “The Black Book of Communism”. This death toll exceeds the sum of both world wars. The causes of death included; political and religious cleansing, the Great Famine, and the Cultural Revolution.
Beginning in the 1990’s, the Chinese communist regime, with the help of Western funds, has transformed itself into an economic power and moved toward its dream of dominating the world. In the past few years thousands of Christian churches in China have been demolished, a mass number of Uyghurs (1-3 million) have been imprisoned in Xinjiang’s concentration camps, and an independent international tribunal in London ruled that the Chinese Communist Party has for decades been running a large-scale organ transplant industry using organs harvested from prisoners of conscience; such as Falun Gong practitioners.
The level and severity of human rights violations by the CCP is at a truly demonic level, but yet again and again we have given them passes. The West is doing business with a regime that has more than a million prisoners of conscience locked up and as it is executing live organ harvesting on this population of political prisoners on a daily basis.
You have to understand that Chinese communism is extremely evil.
They have a horrific history of human rights violations, and then on top of that you have a strategy that is a war-founded, or a war-based strategy against the West. So if you understood that, then why would you ever want them part of a World Trade Organization?
The Chinese Communist Party has a saying; be careful raising a baby tiger, because one day it will grow up and eat you.
We have to realize that the Chinese Communist Party exists on a steady flow of U.S. dollars – its own currency is akin to toilet paper, can’t be traded on international exchanges, it has no value. They survive and thrive on a constant influx of American dollars.
Where Ties to the CCP Are Strong the Virus Follows
Early outbreaks of the CCP virus outside China were most pronounced in countries with extensive economic or strategic relations with the PRC, such as South Korea, Italy, and Iran. Lured by trade benefits or caving in to Beijing’s pressure, governments and officials in many regions have taken accommodating or even supportive stances on the Chinese regime.
Such attitudes likely fuelled acceptance of CCP propaganda regarding the virus, and made local authorities reluctant to take protective measures, increasing those countries’ and regions’ vulnerability during the critical first stages in the epidemic.
The CCP covered up the truth for approx 6 weeks from the beginning of the epidemic. As a result, about 5 million people left Wuhan before the city was locked down on January 23rd. About 60,000 of that 5 million went to 382 cities around the world. At least 834 ended up testing positive for the virus, resulting in the global disaster.
As of mid May, more than 1.3 million people have tested positive in the United States, and more than 79 ,000 people have died. The number of deaths caused by the CCP virus is several times greater than the total deaths of Pearl Harbour and 9/11 combined.
New York has become the hardest hit in the United States, with more than 350,000 confirmed cases and more than 26,000 deaths. The CCP virus has infected the entire world and the root cause is the infectious nature of the Chinese Communist Party itself. To be free from the virus, you need to be clear that the CCP itself is poisonous and reject it.
The Chinese government is not trustworthy, they’re not our friends, and one could deem them to be our mortal enemy. I think Wall Street’s view is going have to change.
The pandemic is really an awakening for everyone who was not familiar with the CCP of the past – they’re now certainly familiar with the CCP of current day.
At the Federal Hall National Memorial in Manhattan, across the street from the New York Stock Exchange, the statue of President Washington stands. Over 200 years ago when President Washington took the oath of office there, he stated;
“That the foundations of our national policy will be laid in the pure and immutable principles of private morality.
Since there is no truth more thoroughly established than that there exists in the economy and course of nature, an indissoluble union between virtue and happiness, between duty and advantage, between the genuine maxims of an honest and magnanimous policy, and the solid rewards of public prosperity and felicity.
Since we ought to be no less persuaded that the propitious smiles of Heaven, can never be expected on a nation that disregards the eternal Rules of Order and right which heaven itself has ordained.”George Washington
For more than 200 years the United States has been regarded as a beacon and hope by people around the world seeking freedom. Wall Street not only represents it’s short, narrow street, but is also synonymous with the U.S. capital market and world financial center. Wall Street has carried many American dreams since the Gilded Age. However, the limit of dreams is probably the starting point of greed.
The CCP virus pandemic has shut down everything in this magnificent and glorious World, and 95% of it could have been avoided.