China Used the Federal Reserve to Built Massive Informant Network for Espionage Purposes
A Congressional investigation has found that China targeted the Federal Reserve, the U.S. central bank, to build a massive informant network for the purposes of espionage.
Republican staffers for the Senate’s Committee on Homeland Security and Governmental Affairs discovered in their investigation that Fed workers were offered contracts by the Chinese to provide the enemy communist regime with privileged economic information.
One economist was even detained by the Chinese in 2019 where he was threatened in an attempt to get data and information about tariff policy out of the person. This was when Trump was instituting his trade war against the Chinese, which of course has now been canceled under President-imposed Joe Biden.
The results of the investigation concluded that there was “a sustained effort by China, over more than a decade, to gain influence over the Federal Reserve and a failure by the Federal Reserve to combat this threat effectively.”
It should come as no surprise that the Fed is denying the report and casting doubt on its findings.
“Because we understand that some actors aim to exploit any vulnerabilities, our processes, controls, and technology are robust and updated regularly. We respectfully reject any suggestions to the contrary,” Federal Reserve chairman Jerome Powell wrote in a letter to Sen. Rob Portman of Ohio, the top serving Republican on the committee.
Big League Politics has reported on the China’s Thousand Talents Plan subverting America from within while Democrats look the other way;
“A report from the Daily Caller News Foundation describes a federal investigation revealing Chinese subversion within the U.S. that has resulted in thousands of moles within the government leaking sensitive information to the communist superpower.
This has come as result of China’s Thousand Talents Plan, a scheme designed to buy off foreign workers in their rival countries. Through this illicit program, they likely put thousands of U.S. federal workers on their payroll and received data about crucial programs.