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Bloomberg's China Conflict of Interest
[American Thinker] - The inevitable cratering of Joe Biden’s campaign, accelerated by the impeachment fiasco orchestrated by Nancy Pelosi and the inexorable rise of Bernie Sanders, has caused the Ruling Class to turn their lonely eyes to a hoped-for savior, Michael Bloomberg. But along with Bloomberg comes his de facto business partner and long-time close ally: China, a nation determined to destabilize American security, prosperity and freedom while growing more tyrannical and secretive internally and more dangerous than ever externally as it faces a potential economic and societal cataclysm.Some stuff about Bloomberg's personal & Bloomberg's News advocacy for Xi's regime ...As Josh Rogin of the Washington Post points out, among the ways Michael Bloomberg and his company Bloomberg LP make a considerable amount of money in China is not only through the extraordinarily profitable licensing of its financial software but via its massive Bloomberg Barclays Global Aggregate Bond Index. Bloomberg LP is helping finance Chinese companies by sending billions of U.S. investor dollars into the Chinese bond market. In 2019, the index began a 20-month plan to support 364 Chinese firms by directing an estimated $150 Billion into their bond offerings, including 159 controlled directly by the Chinese government. Bloomberg, along with other Wall Street firms, is effectively supporting the Chinese government’s human rights abuses, their resistance to Donald Trump’s efforts to rein in Chinese trade exploitation and espionage, all the while exposing American investors to increased risk in a nation that habitually obfuscates its economic statistics and manipulates its currency. It explains why he's willing to spend half a billion of his own money on the elections - he'll be repaid by/through the Chinese (if he wins) Posted by: g(r)omgoru 2020-02-19 |
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