Alan W. Dowd is a Senior Fellow with the American Security Council Foundation, where he writes on the full range of topics relating to national defense, foreign policy and international security. Dowd’s commentaries and essays have appeared in Policy Review, Parameters, Military Officer, The American Legion Magazine, The Journal of Diplomacy and International Relations, The Claremont Review of Books, World Politics Review, The Wall Street Journal Europe, The Jerusalem Post, The Financial Times Deutschland, The Washington Times, The Baltimore Sun, The Washington Examiner, The Detroit News, The Sacramento Bee, The Vancouver Sun, The National Post, The Landing Zone, Current, The World & I, The American Enterprise, Fraser Forum, American Outlook, The American and the online editions of Weekly Standard, National Review and American Interest. Beyond his work in opinion journalism, Dowd has served as an adjunct professor and university lecturer; congressional aide; and administrator, researcher and writer at leading think tanks, including the Hudson Institute, Sagamore Institute and Fraser Institute. An award-winning writer, Dowd has been interviewed by Fox News Channel, Cox News Service, The Washington Times, The National Post, the Australian Broadcasting Corporation and numerous radio programs across North America. In addition, his work has been quoted by and/or reprinted in The Guardian, CBS News, BBC News and the Council on Foreign Relations. Dowd holds degrees from Butler University and Indiana University. Follow him at twitter.com/alanwdowd.

ASCF News

Scott Tilley is a Senior Fellow at the American Security Council Foundation, where he writes the “Technical Power” column, focusing on the societal and national security implications of advanced technology in cybersecurity, space, and foreign relations.

He is an emeritus professor at the Florida Institute of Technology. Previously, he was with the University of California, Riverside, Carnegie Mellon University’s Software Engineering Institute, and IBM. His research and teaching were in the areas of computer science, software & systems engineering, educational technology, the design of communication, and business information systems.

He is president and founder of the Center for Technology & Society, president and co-founder of Big Data Florida, past president of INCOSE Space Coast, and a Space Coast Writers’ Guild Fellow.

He has authored over 150 academic papers and has published 28 books (technical and non-technical), most recently Systems Analysis & Design (Cengage, 2020), SPACE (Anthology Alliance, 2019), and Technical Justice (CTS Press, 2019). He wrote the “Technology Today” column for FLORIDA TODAY from 2010 to 2018.

He is a popular public speaker, having delivered numerous keynote presentations and “Tech Talks” for a general audience. Recent examples include the role of big data in the space program, a four-part series on machine learning, and a four-part series on fake news.

He holds a Ph.D. in computer science from the University of Victoria (1995).

Contact him at stilley@cts.today.

China & Wall Street - A Faustian Bargain - By Laurence F. Sanford

Tuesday, October 18, 2022

Categories: ASCF News ASCF Articles

Comments: 0

By Laurence F. Sanford, ASCF Senior Analyst

October 18, 2022

en.wikipedia.org

Wall Street has a Faustian bargain with China. Wall Street makes billions of dollars in collaboration with the Chinese Communist Party (CCP). In return, Wall Street finances China's military/industrial complex the number one existential threat to America.

A Faustian bargain is a pact where one party trades something of supreme moral or spiritual importance for some worldly or material benefit. The term refers to the German legend of Doctor Faust, who knowingly agreed to surrender his soul to an evil spirit in return for access to worldly riches. It does not end well for Doctor Faust when, 24 years later, the devil claims his soul. Faustian bargains are, by their nature, tragic for the person or industry that makes them because what is surrendered is ultimately far more valuable (American security) than what is obtained (money).

Wall Street firms selling their souls to China include:

1. Black Rock Investment Management Company controls over $10 trillion in assets. Led by Larry Fink, who declared, “I continue to believe firmly China will be one of the biggest opportunities for Black Rock over the long term, both for asset managers and investors.”

a.Black Rock’s investments help prop up the Chinese Communist Party (CCP) and President Xi’s regime, which is repressive at home and aggressive abroad.

b.Fink has been referred to as the “architect of woke capitalism.” He has sought to weaponize pension funds through ESG (Environmental, Social, and Governance) to radically change the American economy and destroy America from within. Leveraging Black Rock’s vast pool of money, he is forcing corporate behavioral changes, especially in oil and gas companies.

2. Goldman Sachs (GS) operates wealth management companies in partnership with the China Construction Bank Corporation and the Commercial Bank of China, both state-run entities at the center of power in Communist China. Goldman is relinquishing much independence, data, and intellectual property to these CCP entities in return for table scraps in the Chinese financial markets.

a.In Washington, D.C., Goldman Sachs is a significant voice influencing U.S. policies by supporting Chinese interests to the detriment of America.

b.Influential former Goldman executives include John Thornton, former chairman of the Brookings Institute, and Henry Paulson, former Secretary of the Treasury under President George W. Bush.

3.Bridgewater, the world’s largest hedge fund, was founded by Ray Dalio. After the publication of his book “Principles” with its warm words about China, Bridgewater was granted the first foreign license to provide hedge fund investments to the Chinese people.

a.Dalio is troubled by American capitalism, saying it has “not worked well for ordinary Americans.” On the other hand, Dalio has warm words for China’s dictatorial leadership

b.Chinese government entities have invested billions of dollars in U.S. hedge funds, including Bridgewater. Dalio is a multi-billionaire.
c.Dalio excuses Chinese human rights violations and echoes the Chinese argument that America has its own civil rights issues.

4.Blackstone was co-founded by Stephen Schwarzman, who has deep and enduring ties with top Chinese Communist officials, including President Xi. In 2007, when Blackstone was going public, it found a new partner in the CCP, which bought a 9.9 percent stake. A 10 percent stake would have triggered a U.S. federal national security review in Washington.

a.Schwarzman is a cheerleader for the CCP and excuses China’s human rights abuses and theft of American intellectual property. He launched a $100 million scholarship program in China to rival the Rhodes Scholarships at Oxford. The Schwarzman Scholars will study at Tsinghua University, a training ground for the CCP leadership and elites.
5.JPMorgan Chase, Morgan Stanley, and Citigroup are all Wall Street companies financing China’s development in various ways.

Wall Street with China is doing what Wall Street does -make money. And the CCP is doing what communists do -lie and deceive to achieve world domination.

It is the role of the government to protect and defend its citizens. Our representatives should enforce and pass laws and institute government regulations to prevent Wall Street from using American monies to fund CCP organizations that are a threat to American national security. Instead of strengthening the CCP, we should be acting to weaken it and encourage a democratic form of government.

Our government is “of the people.” It is incumbent upon the citizen (you and me) to vote for representatives who will protect and defend us.

We have met the enemy, and he/she is us

Citizens of America - Vote

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