White House Orders TSP Board to Halt International Fund Index Transfer to China
Troubling times for Financials investments that have been implemented in The Past.Now the question to ask can/will The Chinese retaliate by dumping U.S. Treasury Bonds? If so what will happen to the dollar? Will the dollar catch the virus fallout soon? Will they wage war in South China Sea if all else fails to mend their policies for hegemony over the with international trade?
The Federal Retirement Thrift Investment Board is set to implement these plans during a time of mounting uncertainty concerning China’s relations with the rest of the world, including the possibility that future sanctions will result from the culpable actions of the Chinese government with respect to the global spread of the COVID-19 pandemic,” they wrote.
The White House officials also cited concerns from the Securities and Exchange Commission and the Public Company Accounting Oversight Board over difficulties in conducting objective audits of Chinese companies, and suggested instead shifting the I Fund to an index that excludes Chinese investments.