Did you know that tens of millions of Americans have been investing in Chinese companies involved in advanced military weapon production, surveillance technologies and egregious human rights abuses? Unwittingly, I’m sure.
For the past 25 years, approximately 5,000 Chinese companies have entered the U.S. capital markets without being properly vetted. And for some unknown reason, China was exempt from any auditing requirements.
These Chinese companies are actually shell companies typically registered in the Cayman Islands. This is legal, but Americans like you and me who have investments in index funds and ETFs are unaware who our investments are benefitting. Some have been blacklisted by our government so that makes us traitors to our own country while contributing to our own demise.
Don’t even get me started on how the tariffs imposed by foreign countries on U.S. goods directly led to U.S. companies moving their production off shore, thus leading to the loss of millions of jobs that put bread and butter on the tables of hard-working Americans.
The Dow Jones finished at 38,596.98 at the close of business on April 4, 2024, as compared to 40,545.93 at the close of business on April 4, 2025. The year-to-date return for 2025 is 4.70%. So, stay calm while Wall Street attempts to short our president’s agenda.
Ed Liberatore
Turtle Creek