Tom Paine 1949
Diamond Member
- Mar 15, 2020
- 5,407
- 4,503
- 1,938
My question : Will Trump Republicans Back George Soros and his “Open Society Foundation” against BlackRock, Goldman Sacks and the rest of Wall Street?
***
Soros, who is seen as a sort of bogeyman by some on the Right, appealed to bipartisanship in combating China’s growing influence. He said that the two countries are embroiled in a “life and death conflict” between democracy and repression and said that BlackRock money invested in China would help the Chinese by propping up General Secretary Xi Jinping’s regime …
“Congress should pass legislation empowering the Securities and Exchange Commission to limit the flow of funds to China. The effort ought to enjoy bipartisan support,” Soros said …
Last month, BlackRock, which is the world’s largest asset manager, began tapping into the Chinese market by offering mutual funds and investment products to Chinese investors, becoming the first foreign-owned firm to be permitted to do so. The research arm of the company … also recently encouraged investors to triple their exposure to Chinese assets …
In the op-ed, Soros takes aim at Xi and asserts that BlackRock misunderstands the nature of China’s economy and the grip that the communist regime has over it …
“The firm seems to have taken the statements of Mr. Xi’s regime at face value,” Soros wrote. “It has drawn a distinction between state-owned enterprises and privately owned companies, but that is far from reality. The regime regards all Chinese companies as instruments of the one-party state.” …
He hit at China’s recent regulatory clampdown over some of its biggest companies and said that there is an “enormous crisis brewing in China’s real-estate market.” Soros noted that China’s “Common Prosperity” program to redistribute wealth “does not augur well with foreign investors” …
news.yahoo.com
My comment:
Ah, how the world turns …
***
Soros, who is seen as a sort of bogeyman by some on the Right, appealed to bipartisanship in combating China’s growing influence. He said that the two countries are embroiled in a “life and death conflict” between democracy and repression and said that BlackRock money invested in China would help the Chinese by propping up General Secretary Xi Jinping’s regime …
“Congress should pass legislation empowering the Securities and Exchange Commission to limit the flow of funds to China. The effort ought to enjoy bipartisan support,” Soros said …
Last month, BlackRock, which is the world’s largest asset manager, began tapping into the Chinese market by offering mutual funds and investment products to Chinese investors, becoming the first foreign-owned firm to be permitted to do so. The research arm of the company … also recently encouraged investors to triple their exposure to Chinese assets …
In the op-ed, Soros takes aim at Xi and asserts that BlackRock misunderstands the nature of China’s economy and the grip that the communist regime has over it …
“The firm seems to have taken the statements of Mr. Xi’s regime at face value,” Soros wrote. “It has drawn a distinction between state-owned enterprises and privately owned companies, but that is far from reality. The regime regards all Chinese companies as instruments of the one-party state.” …
He hit at China’s recent regulatory clampdown over some of its biggest companies and said that there is an “enormous crisis brewing in China’s real-estate market.” Soros noted that China’s “Common Prosperity” program to redistribute wealth “does not augur well with foreign investors” …
Soros calls on Congress to block BlackRock China investment
Billionaire and liberal political philanthropist George Soros is panning Blackrock’s China investment foray as a “tragic mistake” and calling on Congress to take action against it.
My comment:
Ah, how the world turns …
