OPEN LETTER: Add Your Signature!

THE ‘MAD AS HELL’ CAMPAIGN

For decades, mostly unwitting American investors have had their money made available by Wall Street financiers to corporations tied to the Chinese Communist Party (CCP).  Some of these companies work directly for the People’s Liberation Army.  All of them are controlled by the CCP.  Together, they enable Communist China to pose an ever-greater threat to the United States and its people.

When our countrymen and women learn this truth, they generally are horrified and outraged. Inspired by a famous movie line, it’s time for them to get “mad as hell” and not take it anymore by ensuring that their funds are not used to endanger our country and us.

The “Mad as Hell Campaign” is intended to equip the investing public and others with actionable information about the extent to which U.S. public and private pension plans, index funds and other passive and active investment vehicles are underwriting the malevolence of the Chinese Communist Party.  Over time, it will be offering a variety of initiatives that can help translate such heightened awareness into corrective action.

Our immediate goal is to prevail on President Biden to end the 2013 sweetheart deal with China that he helped negotiate and that cleared the way for the Chinese Communists’ deep penetration of our stock and bond markets.  We also seek to have him designate the CCP as the Transnational Criminal Organization it is.  Join us by signing the petition below.

Hon. Joe Biden
The White House
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20510

Dear Mr. President:

In May of 2013, with your help as Vice President, our nation embarked on a momentous experiment. Pursuant to a bilateral Memorandum of Understanding, whose negotiation you sponsored, the Chinese Communist Party (CCP) was given access to the investing power of tens of millions of Americans through U.S. capital markets.

Even more extraordinary is the fact that such access was on preferential terms not enjoyed by  CCP corporations’ American counterparts – and competitors.  Specifically, from that time to this, such Chinese entities have not been required to comply with relevant laws and regulations designed to protect U.S. investors, including notably the Sarbanes-Oxley Act.

As a result, the Chinese Communists have been able to extract what has been conservatively estimated to be $3 trillion from mostly unwitting participants in public and private pension funds, 401(k) plans, mutual funds, indexes, Exchange Traded Funds and other passive and active investment vehicles unburdened by American standards of transparency and accountability.  Thanks in part to such exposure and the CCP’s cynical exploitation of it, U.S. investors are calculated to have lost $500 billion in China in recent months.

The experiment has been, in short, a disastrous strategic mistake.  That is especially true insofar as the principal beneficiary has been America’s mortal enemy, the Chinese Communist Party – what amounts to a transnational criminal organization (TCO) bent on the destruction of our nation and the enslavement of its people.  It is a fact that all Chinese companies are obliged to work for the CCP, to say nothing of those owned and operated by the People’s Liberation Army.  It is, moreover, insane to allow any of them, their operations and contributions to the realization of dictator Xi Jinping’s quest for global domination to be underwritten by U.S. investors.

In addition, investing in CCP-backed companies effectively underwrites the human rights atrocities perpetrated by this criminal regime. As you know, the CCP is committing genocide against ethnic minorities in Xinjiang.  It is persecuting people of faith of all religions, forcibly harvesting the organs of prisoners of conscience for transplant, and boasts that it has “prevented” 400 million lives through coercive population control, including forced abortion and involuntary sterilization.

In addition to the hideous abuses to which the CCP has subjected the longsuffering Chinese people and the captive nations under its boot, it is also spreading this aggressive contagion all over the world.  The CCP is relentless in advancing its own interests at the cost of others. It is threatening Taiwan and aggressively pursuing control of the South China Sea.  It unleashed Covid-19 on the world, concealing its knowledge of human to human transmission and pushing international travel while locking down internal domestic travel, costing millions of lives worldwide and more than 750,000 in the United States alone.

All of these atrocities are being underwritten with U.S. dollars via our capital markets.  The blood of the Chinese people — and of all who are suffering worldwide under their brutal, totalitarian regime – is on our hands.  It is morally reprehensible for well-intentioned American investors to be forced, mostly unwittingly, to participate in these atrocities because of the unchecked CCP infiltration of into our capital markets.

Clearly, this situation is wholly incompatible with the national security and economic viability of the United States.  It has persisted for too long and must be promptly ended.

Therefore, we call upon you to take at once two steps:

First, give the required six-month notice of the termination of the 2013 bilateral U.S.-China Memorandum of Understanding and put in train the delisting as soon as practicable of all Chinese corporations in U.S. capital markets, together with an end to the trading in those markets of CCP companies’ A shares and Over the Counter equities.

Second, designate the Chinese Communist Party as the Transnational Criminal Organization it is.  We must serve notice now that those who do business with the CCP and its corporate and other front groups will be susceptible to prosecution for aiding and abetting such criminal enterprises.

The financial viability of tens of millions of American investors and the national security and human rights values of this country demand nothing less.

Sincerely,

YOUR SIGNATURE


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