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![]() ![]() Section 6: International Subject: China virus Msg# 1096899
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Thanks Bob
No problemo.. Dream sequence... Minutes from the Annual meeting of the CCP Chowping: "oy vey! I got in my hands a report saying the Americans are years ahead of us on military superiority. I need answers!" Sum-Yung-Gay-Gi: "Devine One, I recommend we turn the management of our industries over to non-party men; hire American companies that specialize in developing innocuous corporate names for foreign state-owned entities; partner with American companies with the goal of getting our 'pseudo-capitalist' enterprises listed on their exchanges... think of it, Oh One Who Knows All That There Is To Know: The childlike Americans will fund their own demise! Tell me THAT ain't precious. : ) In addition, establish relationships with Congressional committee chairs and retired Army Generals (of course this means container ships with crates of envelops, forklifts and $20s); purchase as much of America's debt as is feasible, and, to ensure Trump is not re-elected, pray to Lucifer that the virus, the American Army introduced to the planet, has diminished the ability of the American voter to think rationally." Chowping: "Sounds like a plan! Hey! wait a minute... I got one: Sounds like Capitalism, ha ha, I got more: Sounds like Democracy ha ha ha." |
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For reference, the above message is a reply to a message where: Bob I think you've now alerted a lot of folks here to an interesting issue for investors. And the Congress has been listening to complaints from that (obscure) PCOB (Public Company Oversight Board) Both houses of congress have worked on the issue, of asserting better controls over China companies listed on U.S. stock exchanges. And some of the Dem names favoring such bills will surprise you -- Senator Chris Van Hollen (D-Md), & Repr Brad Sherman (D-Cal) also along with Senator John Kennedy (R-Lou) Excerpt: "Alarm has grown in particular that American money is bankrolling efforts by the country’s [China's] technology giants to develop leading positions in everything from artificial intelligence and autonomous driving to internet data collection. . . . Publicly listed companies should all be held to the same standards, and this bill makes common sense changes to level the playing field and give investors the transparency they need to make informed decisions,” Van Hollen said in a statement. “I’m proud that we were able to pass it today with overwhelming bipartisan support, and I urge our House colleagues to act quickly.” (bold added) The bill calls for delisting the China companies from US stock exchanges which have shoddy audit practices. One flagrant abuse was found where the China-based Luckin Coffee's executives admitted fabricating $310 million in sales between April and December 2019. The House is now working on the Bill, which passed the Senate unanimously. Seems that some investors could take a hit, if involved in such international holdings. Thanks Bob for opening this discussion. Tom |