Underground USA
Underground USA
How Wall Street Fuels China’s Global & Military Ambitions
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How Wall Street Fuels China’s Global & Military Ambitions

The Chinese Communist Party (CCP) has a clear and unapologetic goal: to dominate the world, economically and politically, by any means necessary. Through a sophisticated web of financial deception, regulatory loopholes, and strategic market manipulation, tens of millions of Americans are unwittingly funneling trillions of dollars into Chinese companies that directly threaten US national security, produce advanced military weaponry, develop surveillance technologies, and perpetrate egregious human rights abuses.

This alarming reality, highlighted by former Reagan adviser Roger Robinson, reveals a chilling truth: American investors are inadvertently funding the very forces that seek to undermine the free world.


• SEGMENT 2: America’s Third Watch
• SEGMENT 3: The Federal Government’s Attack On Independent Farmers & Ranchers


“You have ... companies that are responsible for manufacturing China’s most advanced weapon systems,” Robinson, a veteran of the Reagan administration’s National Security Council, warned in a recent interview. “We’re funding, in some ways, our own demise.”

His words carry the weight of experience, having played a pivotal role in crafting economic strategies that helped dismantle the Soviet Union. Today, as co-founder of the Prague Security Studies Institute, Robinson is sounding the alarm on a new existential threat—one that operates not just on battlefields but in the opaque corridors of global finance.

At the heart of this crisis is the structure of modern investment vehicles, particularly index funds like those focused on emerging markets. These funds, popular among retail investors and pension plans, often include significant allocations to Chinese companies, many of which are deeply entwined with the CCP’s military-industrial complex.

According to a 2021 report by the US-China Economic and Security Review Commission, over 1,200 Chinese firms listed on major US exchanges have ties to the People’s Liberation Army (PLA) or state-directed initiatives that advance Beijing’s authoritarian agenda. Yet, these companies are routinely bundled into broad-based funds like the MSCI Emerging Markets Index, where Chinese firms can account for 30-40% of holdings.

The average American investor, seeking diversification or passive income, has no idea their 401(k) or IRA is bankrolling entities like China Shipbuilding Industry Corporation, which constructs warships for the PLA, or Hikvision, a global leader in surveillance technology implicated in the Uyghur genocide. A 2020 Department of Defense report identified Hikvision as one of several Chinese firms directly supporting Beijing’s military modernization, yet its stock remains a staple in many investment portfolios. This is not an accident but a deliberate strategy by the CCP to exploit Western capital markets.

How does this happen? The answer lies in a combination of lax oversight, regulatory loopholes, and deliberate obfuscation by Chinese firms. Many of these companies operate through complex structures like Variable Interest Entities (VIEs), which allow them to list on US exchanges while shielding their true ownership and activities from scrutiny. A 2022 analysis by the Securities & Exchange Commission (SEC) found that over 150 Chinese firms listed in the US failed to comply with basic auditing standards, raising red flags about transparency and accountability. Despite this, these firms continue to attract billions in American capital.

Worse still, some of these companies are on US government blacklists, such as the Department of Commerce’s Entity List, which restricts trade with firms deemed a national security threat. Yet, as Robinson points out, “the capital markets have no equivalent mechanism to enforce these restrictions.” This gap allows blacklisted firms like Huawei or SMIC, China’s leading semiconductor manufacturer, to access American investment through secondary markets or index funds, effectively bypassing sanctions.

The CCP’s ambitions extend far beyond financial gain. By capturing Western capital, China is accelerating its quest for global dominance. The Belt & Road Initiative, for instance, has funneled billions into infrastructure projects across Asia, Africa, and Europe, often financed by Western investors through Chinese state-owned banks. These projects are not merely economic; they are strategic, designed to create dependencies and extend Beijing’s geopolitical influence. A 2023 study by the Center for Strategic and International Studies found that 60% of Belt & Road projects are linked to CCP-controlled entities, many of which are publicly traded and accessible to American investors.

Moreover, the technologies funded by these investments—such as AI, quantum computing, and 5G infrastructure—are dual-use, serving both civilian and military purposes. Companies like Tencent and Alibaba, darlings of the investment world, have deep ties to the CCP’s surveillance state. Tencent’s WeChat platform, for example, is a cornerstone of China’s social credit system, which monitors and controls the behavior of over a billion people. A 2021 report by the Australian Strategic Policy Institute documented how Tencent collaborates with the PLA to develop AI-driven military applications. Yet, these firms remain fixtures in American portfolios, their risks obscured by glossy prospectuses and Wall Street’s relentless optimism.

The moral implications are equally dire. American investments are propping up companies complicit in some of the worst human rights abuses of our time. Firms like iFlytek, a leader in voice recognition technology, have been directly linked to the mass internment and forced labor of Uyghurs in Xinjiang. A 2019 Human Rights Watch report detailed how iFlytek’s technology enables the CCP to track and oppress ethnic minorities, yet its shares are traded on global exchanges and included in major indices. Every dollar invested in these companies is a dollar that sustains Beijing’s genocidal policies.

The United States cannot afford to ignore this threat. The CCP’s infiltration of global markets is not a passive phenomenon but a calculated assault on the free world’s economic and political systems. As Robinson argues, “We need a fundamental rethinking of how we allow capital to flow into these entities.” Immediate steps must include stricter SEC oversight, mandatory disclosures of Chinese firms’ ties to the PLA, and a capital markets equivalent of the Entity List to block investment in blacklisted companies.

Investors, too, must take responsibility. Pension funds, universities, and individual investors should demand transparency from fund managers and divest from indices that include CCP-linked firms. The alternative is complicity in China’s bid for global hegemony—a bid that threatens not just American security but the very principles of freedom and democracy.

The clock is ticking. If the free world does not act, the CCP’s vision of a world under its iron grip will become reality, funded by the very people it seeks to subjugate. The time for complacency is over.

Then, when we return, our segment on America’s Third Watch, broadcast nationally from our flagship station WGUL AM860 & FM93.7 in Tampa, Florida.


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The Federal Government’s Attack
On Independent Farmers & Ranchers

I wanted to highlight a disturbing report out of South Dakota that illustrates just one story among hundreds about the US federal government—in cahoots with the environmentalist lobby—targeting ranchers and farmers across the country. It’s a pathetic power-grab that we all must come together to push back against.

The US federal government’s indictment of South Dakota farmers Charles and Heather Maude for “theft” of National Grasslands is a shameful attack on rural America. Charged for cultivating and grazing 50 acres their family has managed since 1910, the Maudes face up to 10 years in prison and $250,000 in fines each, with separate charges designed to maximize their financial burden. This bureaucratic assault reeks of malice, targeting a couple for continuing long-standing practices approved by the US Forest Service (USFS) for decades.

Keely Brazil Covello reported on this in her publication Unwon:

The Maudes’ grazing allotment has been in good standing since the USFS’s inception, with no prior objections to their land use, including irrigation and fencing arrangements. The 2020 irrigation upgrade, cited as the “theft,” involves equipment on private land, yet the government now criminalizes practices it long permitted. Neighbor Scott Edoff highlights the betrayal, noting the USFS never challenged the Maudes’ management until this sudden, vindictive indictment.

This case reflects a broader federal campaign against ranchers, with USFS agents harassing others like rancher Frank Bloom, who faces potential charges over similar fencing disputes. The government’s hypocrisy—trespassing on private land while accusing farmers of violations—is appalling. By ignoring historical agreements and pursuing punitive measures, the federal government is waging war on rural communities, demanding public outcry to protect farmers from such abuses.

We simply have to stand with our country’s ranchers and farmers. The food they provide, as HHS Secretary RFK Jr. would agree, is infinitely healthier for us than the conglomerate manufactured processed crap force-fed to us through supermarket chains. Not to mention, farmers and ranchers are part of our American fabric; our history.

It’s pathetic that we have to make a stand to protect our heritage, yet here we are…

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