Financial betrayal is treason, too

If Americans help this nation’s enemies build the capability to harm, or even kill, their countrymen and women, those enablers are considered to be traitors and are severely punished.

The question occurs: How should we view U.S. financiers who enable the Chinese Communist Party to raise funds for a company that is working to do incalculable damage to our economy and people? For example, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Citigroup are lead managers of Ant Financial Group’s impending Initial Public Offering expected to generate $60-80 billion.

Some of that money will help underwrite Ant’s efforts to develop digital money the CCP intends to destroy the dollar’s status as the world’s reserve currency. The effect would be far-reaching and devastating.

The U.S. government must prevent such a betrayal. And hold its perpetrators accountable.

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This is Frank Gaffney.

About Frank Gaffney, Jr.

Frank Gaffney is the Founder and Executive Chairman of the Center for Security Policy in Washington, D.C. Under Mr. Gaffney's leadership, the Center has been nationally and internationally recognized as a resource for timely, informed and penetrating analyses of foreign and defense policy matters. Mr. Gaffney formerly acted as the Assistant Secretary of Defense for International Security Policy during the Reagan Administration, following four years of service as the Deputy Assistant Secretary of Defense for Nuclear Forces and Arms Control Policy. Previously, he was a professional staff member on the Senate Armed Services Committee under the chairmanship of the late Senator John Tower, and a national security legislative aide to the late Senator Henry M. Jackson.