...In November 2017, FRTIB Chairman Michael Kennedy, who is Managing Director of Korn/Ferry International, and his board decided to change $50 billion in U.S. government retirement funds to a new global investment index known as the MSCI ACWI Index. The board hopes the change allows for greater returns on investments in emerging Asian markets but critics warn the index would allow investments in adversarial nation-owned companies in Russia and China....
... In their October letter to the pension board, Rubio and Shaheen wrote, "This decision would effectively invest the retirement savings of America’s civil servants and military personnel in constituent companies of the ACWI ex-US IMI that assist in the Chinese government’s military activities, espionage, and human rights abuses, as well as many other Chinese companies that lack basic financial transparency."...
Not even Bill Gates thought up this treachery. But give him time.
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