(Daily Signal)—American investors are unwittingly funding Chinese Communist Party activities through Wall Street loopholes, according to a securities expert who recently testified before Congress.
Chris Iacovella, CEO of the American Securities Association, told The Daily Signal these activities include “the internment of Uyghurs, funding [People’s Liberation Army] weapons systems, a cyber army that relentlessly attacks this country, our businesses, and our people, as well as numerous other atrocities from a human rights perspective, including genocide.”
Iacovella testified in April at a joint House-Senate hearing on the CCP about loopholes that allow Chinese companies to access U.S. capital markets despite a Chinese prohibition on foreign ownership.
“What we tried to do was let the American people know that their money is going to fund Chinese Communist Party activities,” he said.
Iacovella identified two primary loopholes exploited by Wall Street firms. The first is the “variable interest entity” structure that creates an illusion of ownership for American investors.
“This is a company that’s listed on a U.S. stock exchange that U.S. people buy, like Alibaba. But you don’t actually own the company—what you own is rights to a contract of a Cayman Islands company that contracts with the mainland Alibaba company,” Iacovella said. “If they steal from you, if they don’t disclose things as a shareholder, your rights are limited and they stop in the Cayman Islands.”
The second, which Iacovella calls the “passive index loophole,” allows asset managers to include mainland Chinese companies in index funds sold to American investors.
“Those companies don’t comply with any U.S. laws and regulations. Nothing,” he said. “It’s basically anti-competitive to American small businesses because they have to pay compliance costs. They’re subject to litigation, and they have to follow our rules. These mainland Chinese companies don’t, but they get access to our capital.”
Iacovella said U.S. firms claim they would stop the practice if made illegal, “but yet, on the flip side of that coin, they’re out there lobbying Congress every single day to try to poke loopholes into existing legislation or to try to stop it in its entirety.”
Bipartisan legislation from Rep. Andy Barr, R-Ky., and Sen. John Cornyn, R-Texas, aims to identify Chinese companies with military ties or involvement in sensitive technologies.
Iacovella emphasized that China’s economic advantages stem from unethical practices.
“When you have slave labor, no environmental laws, no OSHA laws, and no labor laws, of course it’s going to be cheaper,” he said.
The American Securities Association represents about 100 non-Wall Street firms working to “promote investor trust and confidence and to facilitate the flow of capital to small businesses across America.”
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How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker
In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.
The Ideal Prep: Building Your Own Food Empire
The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.
This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.
The Reality Check: Not Everyone Can Homestead
But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.
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The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest
Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.
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Why Wait? Secure Your Food Supply Today
Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.
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