Americans Could Recover Trillions in Damages From Lawsuits Against the CCP Over Its Pandemic Cover Up
A man (L) is given a nucleic acid test for the Covid-19 coronavirus in Mangshi in the Dehong Dai and Jingpo Autonomous Prefecture, which borders Myanmar in China's southwestern Yunnan Province, on July 9, 2021. (STR/AFP via Getty Images)
The Epoch Times - BY ADAM MICHAEL MOLON - Updated: July 15, 2021
Americans could sue the Chinese Communist Party (CCP) for trillions of dollars over its coverup of the origins of the pandemic, according to lawyer and economist Jim Rickards.
The pandemic, which has caused four million deaths worldwide including over 600,000 in the United States, was likely caused by a leak from the Wuhan Institute of Virology (WIV), Rickards writes in his book “The New Great Depression: Winners and Losers in a Post-Pandemic World.” Meanwhile, the CCP has continuously tried to hide the source to “deflect responsibility and neutralize trillions of dollars of damage claims,” he continued.
“It’s a crime against humanity and it’s gross criminal negligence,” the author told The Epoch Times.
Americans can thus take the CCP to court in the United States to seek compensation for losses suffered as a result of the pandemic, Rickards said. He estimates that $3 trillion to $4 trillion in damages could be awarded to Americans in future lawsuits against the regime.
According to the author, Americans have grounds to sue under both domestic law, such as tort law and racketeering laws and international law.
While some legal experts contend that such lawsuits are unlikely to succeed because Beijing can claim sovereign immunity, a legal rule that insulates countries from being sued in other countries’ courts, Rickards thinks this barrier can be overcome.
“Sovereign immunity is a legal doctrine with limitations, not an all-purpose get-out-of-jail-free card,” the author said. “The CCP is a political party, not a sovereign,” he added.
In addition, there are numerous non-sovereign defendants Americans could sue, Rickards, said, including “the Wuhan lab itself, individual researchers, individual and corporate suppliers, and U.S. defendants …who aided and abetted the gain-of-function research and gene splicing activities.”
The possibility that the virus leaked from the WIV, dismissed as a conspiracy theory at the start of the pandemic, has since garnered international scrutiny as new evidence has emerged, including how WIV staff became sick with COVID-19-like symptoms before the outbreak. Meanwhile, the Chinese regime has not allowed others access to records at the facility, preventing any meaningful investigation into the virus origins.
President Joe Biden on May 26 ordered aides to produce a report in 90 days on the origins of the virus. He said intelligence agencies are looking at rival theories, including the possibility of a laboratory accident in China.
The Biden administration won’t take immediate action on China to pressure the communist regime to allow an independent probe into whether COVID-19 originated in a Wuhan lab until there is an international consensus, national security adviser Jake Sullivan said on June 20.
However, Republican figures have accused the administration of not doing enough to hold the CCP accountable over its ongoing coverup of the pandemic.
Former President Donald Trump, in a July 11 speech at the Conservative Political Action Conference in Texas said, “We will hold China accountable for the damage and suffering they have caused, and make them pay trillions of dollars in reparations to us and to the world.”
Meanwhile, House Republicans have launched a program seeking to punish Beijing over its actions and get to the bottom of how the virus spread to humans, which includes compelling the government to declassify intelligence relating to the pandemic origins.
Republicans have already introduced several bills to make it easier for Americans to sue the CCP in court, including those stripping the regime of sovereign immunity.
Several class actions have been launched in the United States and other countries suing the regime over its role in causing the human and economic devastation wrought by the pandemic. Two U.S. State governments also filed lawsuits against the CCP.
Rickards said that such lawsuits “would face some procedural hurdles, but they can be overcome with persistence and good lawyering.”
While some may be skeptical about the possibility of actually collecting trillions of dollars in damages from Beijing, Rickards believes it’s feasible.
The Chinese regime has $1.4 trillion in U.S. Treasury securities in their reserve position, he noted. “So, all you need is a court order directed to the Secretary of the Treasury ordering [China] to transfer their securities to a custodian for the benefit of the victims.”
Rickards said that such an outcome would significantly “cut China’s liquid reserves.” As of July, China has approximately $3.2 trillion in foreign currency reserves.
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WHO and WHAT is behind it all ? : >
The bottom line is for the people to regain their original, moral principles, which have intentionally been watered out over the past generations by our press, TV, and other media owned by the Illuminati/Bilderberger Group, corrupting our morals by making misbehaviour acceptable to our society. Only in this way shall we conquer this oncoming wave of evil.
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