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Communism Does Not Upset Us, Chinese Cheats do! How NASDAQ Assists China As They Cheat the US in Olympics and In Business.

Posted by REALITYTV on Aug 17th, 2008 and filed under Olympic Headlines, Opinion. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry | Viewed 14661 times.

China not only cheated when they sent under-aged contestants into the 2008 Olympic Women’s Gymnastics competition, they repeatedly cheat against the US in many other ways.   Our politicians are afraid to turn away cheap Chinese imports, so they continually look the other way.  Some call it free trade. Certainly it is “FREE” for China, but it is very expensive for the US.

They destroy US companies and are solely responsible for their criminal activity. Other Asian countries may have somewhat similar problems, but it is primarily the Chinese that continue to tap our economy for their criminal gains.

China repeatedly allows the resale of bootlegged US Software, brand name purses and other products throughout the world. This practice devastates many US and International companies. Recently, in a trip to our local mall, a vendor was selling $10 knock-offs of sunglasses, Revo, Oakley and Ray-Ban, claiming them all to be genuine.  All made in, you guessed it, China.

Fake crocs or frocs 1Also recently, the companies CROCS and HLYS were devastated by Chinese knock-offs and the International Trade Commission did nothing as knock-offs of patented shoes were exported from China throughout the world.

When CROCS was sued because soft shoes were found to be dangerous on escalators, the Chinese companies that had robbed them of hundreds of millions in sales were nowhere to be found. They take the profits of their criminal activity, but they disappear when it comes to financial and social responsibility.

China Energy Savings Technology, Inc.

(CESV when they were traded on the NASDAQ) is another example of a Chinese disgrace. The company was marketed on the US Stock exchange. The company claimed that it had over $3.00 in cash on hand. The NASDAQ and Yahoo trusted them and published these statistics as fact showing their strong cash position and cash flow.

It was all a lie, and the NASDAQ was complicit. CESV dissolved in days as the CEO disappeared and all that cash was nowhere to be found.  The rest of the board then walked away, leaving American investors to lose hundreds of millions. What was China’s action on the matter? To market more fraudulent companies on the NASDAQ and continue to apparently endorse the fraud.  They took no specific action against the criminals that committed the fraud, nor did they make any effort to make foreign investors whole.  Lawsuits were filed, but suing a company within Communist boarders is like trying to teach a pig to talk, you waste your time and you annoy the pig.

The Chinese gymnastics team is only one small example of where China defrauds the US and the World, in some cases stealing retirement savings from legitimate investors. They have no remorse and take no remedial action to prevent the fraud as they consume our resources.

And so we trust them with the Olympics as they abuse children too.

Chinese Government Cheats At Olympics, Chinese Women’s Gymnasts Deserve Our Respect

In our Polls we have seen most people believe that China not only cheated, but that the Chinese team should be stripped of their Olympics medal. This is by a huge 5-1 margin so we have to respect our readers’ opinion.

We would like to add, however, that we humbly disagree with the people in our polls. We feel that the team members of the Chinese Women’s Gymnastics team are victims of a totalitarian government that has placed pressure on them to lie and win at all costs.

We feel that the media and the world will know the truth within months and China will be disgraced. But these girls deserve our respect for surviving in an environment in which a government rules by intimidation and lies.

Our hearts go out to them, and we wish them our best and hope they are back again to show us their best in the next Olympics. We hope China does not get excluded from the next Olympics for their illegal acts, because these girls deserved better.

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