(WND)—The American people have lost jobs. They’ve watched industries shipped overseas, their towns hollowed out by corporate greed and globalist interests. But most Americans still don’t know the latest betrayal: Both Democrat and Republican state governments are now fueling that collapse with American workers’ retirement savings.
According to India’s Consul General Ramesh Babu Lakshmanan in Atlanta and U.S. Consul General Mike Hankey in India, states like California, Minnesota, New Jersey, New York, Texas, Pennsylvania, Florida and Tennessee have invested over $50 billion directly or indirectly into India. On top of that, the U.S. International Development Finance Corporation has injected another $4 billion.
And this is just the tip of the iceberg. U.S. pension and endowment managers now control $1.8 trillion in assets targeted for even deeper exposure to the Indian economy. Consul General Hankey, who led the “Building Financial Futures” roadshow with India’s Ministry of Finance, called the plan a “win-win.” He boasted that top executives from U.S. public pension funds representing all 50 states had come together to “boost U.S. investment into India.”
“It is going to deliver good returns for hard-working Americans,” Hankey declared. “At the same time, it’s going to enable and accelerate what India is doing as it grows and as its stature in the world grows.”
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