Guess who recently said the following:
- “I certainly would like to have the financial part of it (China’s Communist Party system) in my own country.”
- “Our own wonderful free enterprise economy is letting all these crazy people go to this gross excess; (the Chinese) step in preemptively to stop speculation.”
- “China simply shut down the country for six weeks. (responding to Covid-19) That turned out to be exactly the right thing to do. And they didn’t allow any contact.”
- “When it was all over, they kind of went back to work. It happened (that) they did it exactly right.”
- “The Chinese government will allow businesses to flourish.”
- “China has lifted 800 million people out of poverty fast. And there was never anything like it in the history of the world.”
- “So my hat is off to the Chinese, and I think they will continue to allow people to make money. They’ve learned it works.”
If you thought those were the ramblings of a radical left wing Socialist or some other “do-gooder” – you were wrong!
Those comments belong to Charles Munger, the co-founder and vice chairman of Berkshire-Hathaway (BH).
Berkshire’s other founder, Warren Buffett – personally worth $101 billion – has described Munger as his “closest partner and right-hand man.”
So why, oh why, does Munger seem to love China’s dictatorship government?
Simple answer: China can make American investors rich – if they play ball with the Communist Party.
And Berkshire has put its money where Munger’s mouth has been.
One example of this symbiotic relationship between capitalism and communism is Beyond Your Dreams (BYD) – a huge Chinese conglomerate with 230,000 employees in factories that produce batteries, semiconductors, trucks, electric and gas autos.
Who owns and controls BYD, the most serious EV competitor to America’s Tesla? The current BYD stock report of its top holders follows:
Topping the list is Berkshire, but also look at the other owners.
- Himalaya is a $1.8 billion hedge fund based out of Seattle, WA.
- Blackrock is an American investment company – the largest asset management firm in the world, controlling some $5 trillion in funds.
- The Vanguard Group is an American mutual fund company, based in Malvern, PA with about $4.9 trillion in assets.
- Norges is the national bank of Norway.
- Global X Management is a $33 billion investment firm out of New York, NY.
- Schroder Investments is a $77 billion asset company out of London, England.
- Aegon-Industrial is a global investment firm out of Pudong, China.
The only major Chinese stakeholder on this list owns less than 1% of the company. The top three owners are American., although “owner” doesn’t mean the same thing in China, where the government can close you down in an hour with no recourse and without giving a reason.
Will President Joe Biden prevent our retirement funds and other investments from going to finance our major world enemy?
If you ask Kurt Campbell, former director of the National Committee on U.S./China Relations, he’ll answer “no way.”
Campbell has immense influence on dealing with China, since being appointed by Biden to run Asia policy at the National Security Council (NSA).
That means the National Committee has infiltrated the White House, and the group will pursue its goal of opening Chinese markets to its corporate donors.
Current Committee benefactors include:
- AME Cloud Ventures
- Amgen, Inc.
- BlackBerry, Ltd.
- BlackRock, Inc.
- Bridgewater Associates, LP
- Carnegie Corporation of New York
- Chevron Corporation
- China-U.S. SkyClub
- Citadel Securities LLC
- Citigroup, Inc.
- Deloitte & Touche LLP
- Dorsey & Whitney LLP
- Facebook, Inc.
- Ford Foundation
- Freepoint Commodities LLC
- Fuyao Glass America
- General Atlantic
- Gulfstream Aerospace
- Henry Luce Foundation
- Hills & Company, Consultants
- Hudson Resources Investment
- II-VI, Inc.
- Intel Corporation
- Invesco, Ltd.
- Kamsky Associates, Inc.
- Ken Miller Capital LLC
- KKR & Co., Inc.
- KPMG LLP
- Marsh & McLennan, Inc.
- Matthews Asia
- Merck & Co., Inc.
- Microsoft Corporation
- New York Private Bank & Trust
- PayPal Holdings, Inc.
- Perfect World Entertainment, Inc.
- PX Global Advisors
- Qualcomm, Inc.
- Sidley Austin LLP
- Teng Yue Partners, LP
- The Kean Foundation
- The Starr Foundation
- The Walt Disney Company
- Tishman Speyer Properties, LP
- TSMC America
- United Airlines, Inc.
- Wall Street Investment Group, Inc.
- Walmart, Inc.
- Wanxiang America Corporation
- Warburg Pincus LLC
The above are publicly announced firms, and the list doesn’t include anonymous allies.
The National Committee is more than just a business league for U.S. companies in China and PRC companies in the U.S. – according to Anders Corr, editor of the Journal of Political Risk.
It’s a two-way unregistered foreign agent networking venue rather than strictly a U.S. nonprofit organization, he added.
Officials from the organization have already met with Biden administration leaders, according to a National Committee spokesman.
Rep. Devin Nunes summed it up this way:
To achieve its strategic goal of displacing the U.S. as the preeminent world power, China is coercing and co-opting U.S. business, shamelessly stealing our technology, and trying to influence U.S. policy through both legal and illicit means.
In a tribute to pigs everywhere, the National Committee conducts luxury trips for Congresspersons and staffers to China, where they meet Communist officials and business execs.
The National Committee has hosted these events in league with the Carnegie Endowment for International Peace, Aspen Institute, and Rockefeller Brothers Fund.
What follows is Bill Gates, Munger and Buffett defending their collaboration with the enemy.