Wednesday, August 4, 2021

US Pensions Took Biggest Hit From China's Big Tech Crackdown

American pensions were the biggest victim of the Chinese government's move to tighten its grip on Big Tech stocks, former White House adviser Peter Navarro said Wednesday.

"They are willing to surrender lives and billions to advance their own political agenda and whole power in Communist China," said Navarro.

"In the White House, we took big steps to choke off from the flow but we didn't go near far enough." Navarro also commented on the Chinese and their role in the COVID-19 pandemic, saying the Communist government can't be trusted.

"The Republican report that came out really shocked me and I shouldn't be shocked by anything," said Navarro, commenting on the GOP-led report on the Wuhan Institute of Virology released earlier this week.

"I know more than anyone who happened in Wuhan. The virus actually started in Wuhan in September," he added.

The report, released by Republicans led by Rep. Michael McCaul, R-Texas, showed evidence proving that the coronavirus that caused the COVID-19 pandemic leaked from the Wuhan lab.

It also cited "Ample evidence" that Wuhan Institute of Virology scientists, with the help of U.S. experts and Chinese and U.S. government funds, had been working to modify coronaviruses to infect humans, and that such manipulation could be hidden.

https://www.newsmax.com/politics/navarro-pensions-china-big-tech/2021/08/04/id/1031141/ 

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