by JD Rucker
The concept of ESG — Environment, Social, and Corporate Governance — is 100% designed to empower the ruling class among the globalist elite cabal while it weakens the rest of us greatly. This truth makes it ironic that it’s being sold to the people as a way to protect them from the evils of manufactured crises like climate change, social injustice, and power to the people. We are told we’re too dirty, bigoted, and stupid to control our own lives so we need to put our faith in the better people who are making these insane rules.
On its surface, it would appear to be one of the easier arguments to counter. But there is a strong delusion keeping hold of too many hearts and minds in western society that prevents the masses from seeing the grim reaper they’re supporting. This is why I post commentaries like these that can hopefully be used to educate those who are trapped in the ESG delusion.
As the article below from Real Clear Energy notes, ESG policies are what made the Russian invasion of Ukraine possible. Vladimir Putin knew that woke Europe was trying to shift away from the fossil fuels that were largely provided by Russia, so he took advantage of the tactical error. If Russia ends up being driven from Ukraine with no spoils, they will still have scored a major victory in reminding Europeans they cannot power their lives with solar and wind alone. They need Russia’s resources, and ESG policies have made that crystal clear. Even a loss in Ukraine is a win for Russia in the long term.
China is also benefitting greatly. While we hamper our productivity and artificially inflate our own costs to stay in line with demands by the World Economic Forum, the Council for Inclusive Capitalism, and BlackRock, China continues to use cheap fossil fuels to push their advantages. We are fighting an economic war while willingly tying our hands behind our backs. Meanwhile, China and Russia have all of their financial weapons fully loaded with nothing but their own incompetence keeping them from finishing us off.
That incompetence won’t last. Eventually, they will weaponize our climate change stupidity as well as our false sense of social justice to make us even more beholden to them than we already are. This is why we MUST do whatever we can to abandon the tenets of ESG. On a national level, that means continuing to expose people to the truth so the masses can pressure more politicians, particularly governors, to abandon or even outlaw destructive ESG policies.
Unfortunately, the Biden-Harris regime has no intention of letting go of the obtuse policies because they WANT the United States weakened. This is why last month they started incentivizing financial advisors to push ESG to their investment and retirement clients even if doing so will lose their clients money. As I reported three weeks ago:
It’s no secret that the Biden-Harris regime and their puppetmasters among the globalist elite cabal absolutely hate us. They despise us as useless eaters who must be depopulated or controlled for them to achieve their nefarious goals of The Great Reset, the 4th Industrial Revolution, Build Back Better, the Green New Deal, the Liberal World Order, or whatever label they slap on their machinations in the future.
Now, they’re proudly declaring this hatred by prompting financial advisors and retirement institutions to move your money to ESG companies. Moreover, they lifted rules requiring them to try to make you money. In other words, they can lose money for YOU and still make money for themselves as long as they’re investing in wokeness. You can’t make this up, but apparently someone among the powers-that-be did anyway.
According to Jeff Murdoch at The Washington Times [emphasis added]:The Biden administration has quietly finalized a rule allowing employers to funnel workers’ 401(k) funds into investments that support woke causes that address issues such as climate change and diversity.
The Labor Department recently approved the rule affecting roughly 150 million workers and $10 trillion in assets covered under the Employee Retirement Income Security Act of 1974.
The rule says asset managers and retirement plan administrators should consider environmental, social and corporate governance (ESG) factors when selecting investments. That would encourage money managers to balance financial returns with investments that support wind and solar energy or have diverse boards of directors.
The rules also remove a restriction blocking employers from using an ESG fund as a default option for workers automatically enrolled in 401(k) plans. That means workers could be supporting causes that don’t align with their political views.
It also rescinds Trump-era regulations that require retirement plan administrators and asset managers to choose investments based solely on participants’ financial interests.As I did three weeks ago, I will again strongly recommend moving whatever wealth or retirement you currently have to a self-directed IRA acquired through an America First company. Both gold and silver rose dramatically from November 1 to December 1 and have been holding relatively steady this month. Since I’m NOT a financial advisor who is shilling for the Biden-Harris regime’s ESG policies, I can honestly say I’m very bullish about precious metals for 2023 and I’m not alone.
Here’s the article from Real Clear Energy that explains the destructive nature of ESG in more detail…
2022: The Year ESG Fell to Earth
The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to earth with a thump—for the year to date, BlackRock’s ESG Screened S&P 500 ETF lost 22.2% of its value, and the S&P 500 Energy Sector Index rose 54.0%. The three are linked. By restricting investment in production of oil and gas by Western producers, ESG increases the market power of non-Western producers, thereby enabling Putin’s weaponization of energy supplies. Net zero—the holy grail of ESG—has turned out to be Russia’s most potent ally.
It wasn’t only a bad year for ESG on the stock market. Earlier this month, Vanguard announced that it was quitting Glasgow Financial Alliance for Net Zero (NZAM), set up by former governor of the Bank of England Mark Carney a little over a year ago. “We have decided to withdraw from NZAM so that we can provide the clarity our investors desire about the role of index funds and about how we think about material risks, including climate-related risks,” the world’s second-largest asset manager said.
Two months ago, Alex Edmans, coauthor of the latest edition of the standard textbook on the principles of corporate finance and professor of finance at the London Business School, published a paper titled “The End of ESG”—without a question mark. Edmans criticizes what has become the primary justification for ESG: the claim that business can generate higher returns for investors by tackling climate change. Since governments are democratically elected by a country’s citizens, they are best placed to address externalities, whereas investors disproportionately represent the elites. “If ESG is pursued for its externalities, companies and investors should be very clear that it may be at the expense of value,” Edmans says.
Almost all investment firms have a fiduciary relationship with their investors.
ESG policies cannot have this.
They don’t, by definition, care about the profits and financial health of their invesotrs.
In fact, ESG investors might really be called DUPES.
They are simply giving their money away, erasing all hopes of ever reaping any gains over time.
You’d be safer keeping you money under your mattress.
ESG carries no guarantee that even your own pay-in is safe.
Just like the covid “vax” had to change the very definition of what a vaccine is, so, too, ESG is changing the definition of what an “investment” is so it doesn’t reap ANY return and can even be lost to the “investor.”
They throw the “fiduciary” requirement right out the window.