Episode 4: Pension Funds: How China Controls Your Retirement
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For years, American public pension funds have been lining the coffers of the Chinese Communist Party, posing both a financial risk and a threat to our national security. Because every Chinese company is ultimately beholden to the CCP, the money invested in these entities can be frozen and stolen whenever the CCP wants- a terrible investment for Americans. Dr. OJ Oleka, CEO of the State Financial Officers Foundation, joins The Vandenberg Coalition to outline how states can insulate themselves from the risk of placing retirement funds in the hands of the CCP.
(2:00) Why do states invest in China?
(5:59) Federalism and divestment
(9:31) Balancing national security and business interests
(13:25) How to raise awareness on the state-level
(16:53) SFOF’s letter to the SEC
(20:17) What does success look like in divesting from China?
(21:55) What can states and constituents do?
Watch on YouTube: https://youtu.be/C0TTm4UyAUQ