Investing in California’s future, CalPERS buys majority stake in Chinese Red Army

The largest public pension fund in America, under the leadership of CalPERS Chief Investment Officer Yu Ben Meng, has purchased a controlling share of the Chinese Red Army.

“California cannot contain America all by itself,” said Meng, who struck the deal on October 1 during the parade honoring the 70th anniversary of the People’s Republic of China. “But with China’s help, we will develop unique equipment so that America does not dare to be great again.”

Meng, an American citizen born in China who worked for three years at China‚Äôs State Administration of Foreign Exchange, stressed that — despite appearances to the contrary — CalPERS still officially aligns itself with U.S. policy.

“There’s nothing more American than divesting from Iran, Sudan, assault rifles, tobacco, coal, and the Islamic State — and we’re considering divestment from petroleum products and private prisons,” Meng said.

“But we’ve drawn a bright red trail of dollars concerning our investments in Chinese surveillance equipment and intercontinental ballistic missiles, Muslim concentration camps, Hollywood, the NBA, and Hunter Biden,” said Meng.

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