Tea Party Patriots Ordinary citizens reclaiming America's founding principles.
Showing posts with label ESG. Show all posts
Showing posts with label ESG. Show all posts

Tuesday, June 6, 2023

Descent into a Clown World


 
 

At Freedom First Network, J B Shurk explores America’s “Descent into a Clown World.” Here’s an extract:

Just as the beer companies, fake conservative news networks, and so many iconic American companies before them, the sports leagues have turned their backs on generations of loyal fans in a display of repugnant pusillanimity.  I wonder whether the Judases will one day regret it.  I know that the ESG- and DIE-pushing communists are castrating corporate holdouts that resist the Woke Borg, but by bending to the Borg’s will, these companies have destroyed any goodwill with lifelong allies.  When the Marxists come for another pound of flesh from their corporate vassals — and another after that — those in charge will eventually be forced to fight back or surrender.  By that time, though, nobody will be willing to come to their defense.

This has always been the shortsighted corporate gamble of the Woke Wars — there’s never been a communist revolution that did not devour itself.  By yielding to those who have always hated them and betraying those who have long defended them, companies choosing to comply with woke orthodoxy are now entirely dependent on remaining in the Marxists’ good graces.  Yet grace is not something Marxists possess in any discernible quantity.

It is not that politically conservative and religious Americans have blindly defended corporate interests in the past, but rather that liberty-loving, rights-protecting people tend to mind their own business.  Their first reaction to a company’s success is not envy.  They do not immediately turn their sights on how best to confiscate another’s good fortune.

People who work hard for what they own do not worry about what somebody else owns.  They simply seek to be left alone.  . . .

One problem is that while communists are organized, passionate, and good at messaging, conservatives “simply seek to be left alone” – it’s just not an effective marketing message.

The full article is here.

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Friday, March 17, 2023

A Case Against Socialism

 


Posting at Campus Reform, Ilya Buynevich explains why advocates for socialism in America don’t know what they’re talking about:

Walking near Temple University, I noticed a flyer advocating for “socialism in our lifetime.” The message from an outside group reads in full, “Socialist Revolution: Join the fight for socialism in our lifetime.” Having grown up in Soviet-era Ukraine and now a tenured professor at Temple, I feel strongly that most college-age Americans do not understand what they are saying when they advocate for socialism. 

Today, many American college students do not understand that they are advocating for a system that goes beyond what even the Soviets promoted. There is a real distinction that students do not appreciate between the romanticized idea of state socialism in Scandinavia and the reality of socialism – what I experienced as a student in the Soviet Union. 

Most student activists tout equity and many undergraduates champion socialism as a means to achieve equity – a process to engineer outcomes. Where I grew up, this would mean giving everyone the same grade, so it was never a factor in Soviet higher education.  . . .

Much more at the link here.

RELATED:  ESG (Environmental, Social, and Governance) will bankrupt you (Allan J. Feifer at American Thinker here)

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Thursday, December 8, 2022

Do you have a 401(k)?

 


An alert for readers with 401(k) account, from Jeff Mordock at The Washington Times:

Biden Blasted For Weaponizing Corporations In
‘Woke Capitalism’ Retirement Ploy

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. . . .

The full article is behind a paywall, so here’s the rest of it from JD Rucker’s transcript via NOQ:

. . . 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.

This is just another reason why I STRONGLY recommend everyone of all ages move their wealth or retirement into a self-directed IRA. Don’t let advisors and retirement companies quietly compel you to lose money on woke investments even as they make more money thanks to the Biden-Harris regime’s priorities.

Heads up.

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Tuesday, October 4, 2022

Federal Reserve Bank: You Are A Target

 



J D Heyes at America First Report sounds the alarm:

Federal Reserve Goes Authoritarian,
Set to Force Banks to Adopt ‘Social Score’ System
for Customers Similar to Communist China

. . . As reported by investigative journalist Jordan Schachtel on his Substack, the Fed “has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system.”

ESG — which stands for Environment, Social, and Governance in investing — “refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments,” according to Investopedia. What that means in practice, of course, is that regardless of the potential for earning profits for shareholders, which banks and corporations are beholden by law to always strive for, these institutions instead only invest in “politically correct” industries and sectors.

. . .

In short, institutions that are all-in for ESG essentially commit themselves to further attacking and eroding our founding free-market principles through deception, instead preferring Chinese communist-style “stakeholder capitalism” that empowers a small group of uber-elites and technocrats to make important decisions and broad determinations for all of society writ large.

Read the full report here.  And in related news, Sundance posted the transcript of Neil Oliver’s latest monologue – and it’s all about unaccountable banks and money.  Mr Oliver starts off:

I want to tell you a story about money. To be more specific I want to tell you where money comes from. The truth, of which most people are unaware, is that money is created out of thin air. Furthermore, every single pound, dollar, euro, yen and all the rest is created out of thin air by unelected, unaccountable private business people who conduct their meetings in total secrecy and profit always from their actions.

Let’s imagine you want to borrow 200k to buy a house. When you go to the bank and ask for that money, the banker doesn’t give you existing funds, cash from a drawer for instance. Instead, he creates that 200k out of nowhere – money that previously did not exist. That money is not backed by anything real – no gold or anything else. It is conjured out of nowhere and exists now only because the banker says it does. He then says you have to pay him back the 200k plus – let’s say for the sake of example – another 200k in interest.

He is allowed to credit your account with money that did not exist until you asked for it and he pressed digits on a keyboard … and then he invites himself to charge you whatever interest he wants on that previously non-existent sum. Talk about a fool-proof way to make money.  . . .

. . .

If you don’t trust me, how about Thomas Jefferson, founding father and third president of the US, who said:

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow banks to control the issue of their currency … they will deprive people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

The Federal Reserve in the US was created at Christmas time 1913. 

. . .

Henry Kissinger said:

“Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.”

Right now, all around us, the people are being nudged ever closer to digital enslavement by secretive, unaccountable bankers. . . .

Full transcript is here, and it’s sobering.  We all have bank accounts;  we’re all vulnerable. 


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