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WestlinnDuck
WestlinnDuck Member Posts: 18,033 Standard Supporter
Which is the basic approach of the chicoms and dems. So, in the spirit of the Bushes and Slo Joe, barry's administration relaxed rules to allow chicom firms to list their stock on US stock exchanges. Accurate financial statements have always been problematic for a number of reasons including outright fraud. But the chicoms take lying to an art form with the full support of our US deep state. So, the Trump administration is proposing that since the chicoms aren't living up to the deal, that we call off the deal. Imagine that.

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https://www.zerohedge.com/geopolitical/tensions-soar-trump-admin-could-scrap-audit-deal-us-listed-chinese-firms

Tensions Soar As Trump Admin Could Scrap Audit Deal For US-Listed Chinese Firms

by Tyler Durden
Tue, 07/14/2020 - 08:26

Global stocks slumped on Tuesday as a safety bid appears in the dollar as Sino-US tensions continue to worsen.

There were a couple of significant developments in the overnight session involving China and the US. First, Chinese Foreign Ministry spokesman Zhao Lijian said Beijing would sanction US defense contractor Lockheed Martin for its latest arms deal with Chinese-claimed Taiwan.

The second development is from Reuters, detailing how the Trump administration plans to abandon a 2013 agreement between the US and Chinese auditing authorities, a move that suggests a widespread crackdown on US-Listed Chinese firms sidestepping US disclosure rules is ahead.

The deal allowed the Public Company Accounting Oversight Board (PCAOB) to seek auditing documents in enforcement cases of Chinese companies listed on US exchanges - was considered a breakthrough at the time.

But PCAOB has complained over the years that many of the requests into Chinese firms were ignored.

Keith Krach, the undersecretary for economic growth, energy, and the environment, said, "lack of transparency has prompted administration officials to lay the groundwork to exit the deal soon."

"The action is imminent," Krach told Reuters, in an emailed response on Monday. "This is a National Security issue because we cannot continue to afford to put American shareholders at risk, to put American companies at a disadvantage and allow our preeminence of being the gold standard for financial markets to erode."

Reuters notes an official within the Trump administration and three former White House officials said the termination of the 2013 auditing deal was under careful consideration.

There's been very little information about withdrawing from the agreement - the discussions so far point to increasing frustrations by the Trump administration over Chinese companies failing to disclose critical financial data.
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Comments

  • WestlinnDuck
    WestlinnDuck Member Posts: 18,033 Standard Supporter
    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.
  • MelloDawg
    MelloDawg Member Posts: 6,917
    edited July 2020

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 116,073 Founders Club
    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

  • MelloDawg
    MelloDawg Member Posts: 6,917

    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

    What is a normal American these days?

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 116,073 Founders Club
    MelloDawg said:

    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

    What is a normal American these days?

    The fact that you don't know speaks volumes about you
  • NorthwestFresh
    NorthwestFresh Member Posts: 7,972
    edited July 2020
    MelloDawg said:

    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

    What is a normal American these days?

    I’d say that the vast silent majority of Americans are appalled how your liberal pals celebrate the murders of police officers. Also how their elected leaders flip-flop and shut down churches, businesses, and some gatherings on gut instinct and partisan whims, yet allow others if it motivates their voting base, with zero input from citizens. I’m pretty sure the constant hatred exhibited, especially directed at police, on Twitter, Instagram, and Facebook by far Leftists isn’t in line with “normal” Americans.

    Vote Joe Biden and (D) because they will fix things in the their shithole violent cities though. JUST NOT TRUMP. If you support any of the above I’d say you’re not normal.
  • Sledog
    Sledog Member Posts: 38,797 Standard Supporter
    MelloDawg said:

    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

    What is a normal American these days?

    Not you!
  • MelloDawg
    MelloDawg Member Posts: 6,917

    MelloDawg said:

    MelloDawg said:

    And the left know that. And is happy with that as the chicoms are a more moral group than republicans.

    I think you overestimate how much the left cares about Chinese foreign policy or makes it a voting priority this election cycle. If they're concerned about foreign policy at all, it's how western nations perceive the US.
    He literally just said that the left doesn't care that Joe is owned by China

    Which to normal Americans is a problemhttps://foxnews.com/politics/biden-reportedly-uses-quote-notably-uttered-by-mao-zedong-during-fundraiser

    What is a normal American these days?

    I’d say that the vast silent majority of Americans are appalled how your liberal pals celebrate the murders of police officers. Also how they flip-flop and shut down churches, businesses, and some gatherings on gut instinct and partisan whims, yet allow others if it motivates their voting base, with zero input from citizens. I’m pretty sure the constant hatred exhibited on Twitter, Instagram, and Facebook by far Leftists isn’t in line with “normal” Americans.

    Vote Joe Biden and (D) because they will fix things in the their shithole violent cities though. JUST NOT TRUMP. If you support any of the above
    I'd agree most are appalled at anyone who celebrates murders of police officers and that far leftists definitely alienate the rest of the party. You could get into a debate over whether it represents the rest of the party, but then I'd cite the far right and THEIR social media posts and we'd get into another whataboutism circle.

    Really what we all want to be is centrists, I get that.