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>> Laura: THE LEFT GOES.
THAT IS THE FOCUS OF TONIGHT’S
ANGLE.
ENVIRONMENTAL, SOCIAL
GOVERNANCE.
THE ACRONYM ESG IS A
CLASSIFICATION AND RATING SYSTEM
THAT GLOBALISTS ARE NOW USING TO
PRESSURE AMERICAN COMPANIES INTO
ADOPTING PROGRESSIVE PRACTICES
AT EVERY LEVEL OF THE FULL
OPERATION.
AND LIKE SO MANY REALLY BAD
IDEAS, AND, OF COURSE,
ORIGINATED AT THE UNITED NATIONS
NATIONS.
COVID YEARS THEY HAVE
AGGRESSIVELY MARKETED THE
CONCEPT IS GOOD FOR COMPANIES,
GOOD.
YOU, AND FOR THE PLANET.
DSG PROPAGANDA EVEN COMES IN THE
FORM OF REALLY CREEPY FIGURES.
SO.
>> MANAGERS UNDERTAKE TO
INCORPORATE ESG ISSUES INTO
INVESTMENT ANALYSIS AND
DECISION-MAKING PROCESSES.
THE ACTIVE OWNERS AND
INCORPORATE ESG ISSUES INTO INTO
OWNERSHIP POLICIES AND
PRACTICES.
>> Laura: DOESN’T IT SOUND
GREAT, KIDS?
BASICALLY, THINK OF THOSE BEHIND
THE ESG MOVEMENTS AS THAT
SELF-APPOINTED SOUTH -- THOUGHT
AND GOVERNANCE PLEAS FOR
CORPORATE AMERICA.
COMPANIES NOT ON THE S&P 500 ESG
INDEX ARE PUNISHED BY
INSTITUTIONAL INVESTORS AND
ASSET MANAGERS WHO THEMSELVES
ARE PRESSURED TO DROP OFFENDING
COMPANIES FROM THEIR MUTUAL
FUNDS OR.
WHAT DOES ONE OF THE BIGGEST
PROMOTERS OF ESG IS A GUY NAMED
LARRY FINK.
HE IS THE CEO OF BLACKROCK.
THIS MEANS ONE COMPANY HAS AN
ENORMOUS AMOUNT OF LEVERAGE TO
FORCE OTHER COMPANIES TO GO
WOKE.
>> WANT TO HAVE THE HIGHEST
PERFORMING STOCK IN THE
INDUSTRY.
I THINK WHAT I’M REQUESTING IS
WHAT I SEE FROM WHAT -- WHERE
OUR CLIENTS’ MONEY IS GOING.
IF THEY DON’T CHOOSE TO DO THIS,
I THINK YOU’RE GOING TO START
SEEING SOME OF THESE COMPANIES
HAVING LOWER PERFORMING
COMPANIES.
IF YOU ARE GOING TO HAVE
HIGH-PERFORMING STOCK OVER A
LONG PERIOD OF TIME, YOU NEED TO
BE DOING THIS AND BLACKROCK IS
DOING IT OURSELVES EMPTY -- ON
BEHALF OF OUR SHOULDERS, OUR
EMPLOYEES, AND OUR CLIENTS.
>> Laura: HOW BENEVOLENT TAKE
LARRY FINK WILL HELP THE WORLD
THAT AGAINST POLLUTION, CLIMATE
CHANGE, AND MEAN BOSSES.
EXCEPT IN THE PLACE WHERE ALL OF
THAT IS RAMPANT.
CHINA.
BLACKROCK IS HEAVILY INVESTED
THERE WHICH MEANS THAT IT
OPERATES WITH THE PERMISSION OF
ITS COMMUNIST PARTY.
LARRY MAY WANT TO CHECK OUT THE
NEW DOCUMENTS DETAILING THE
HORRIFYING ABUSES AGAINST UIGHUR
MUSLIMS GOING BACK TO 2018.
BUT I GUESS THAT IS NOT GOING TO
STOP THE BLACKROCK CHINA BOND
FUND OR ANY OF THEIR OTHER
CHINESE VENTURES.
BLACKROCK IS HEAVILY, HEAVILY
ENTRENCHED THERE AND DOUBLE
INVESTMENTS ARE ONLY GOING TO
GET BIGGER.
AS USUAL WITH THESE
SELF-APPOINTED GUARDIANS OF
CLIMATE, HYPOCRISY AND DOUBLE
STANDARDS ARE ALWAYS BUBBLING
RIGHT BELOW THE SURFACE.
AND THEN FOR TO PROBE ALLIES WHO
LOVE THIS DSG STUFF.
BUT WHAT EVERYONE NEEDS TO KNOW
IS THAT ESG SCORES ARE BASED ON
A SET OF TOTALLY ARBITRARY
STANDARDS AND THEY ACTUALLY, END
UP KNEE CAPPING GREAT AMERICAN
COMPANIES, ALMOST OVERNIGHT.
NOT SURPRISINGLY, ELON MUSK
SOUGHT RIGHT INTO THE ESG SCAM
AND NOW THE TESLA WAS JUST
BOOTED FROM THE ESG INDEX, WHILE
EXXON ESTATE ONTO MUSK IS REALLY
ON THE WARPATH.
EXXON IS RATED TOP 10 BEST IN
THE ROAD FOR ENVIRONMENT SOCIAL
AND GOVERNMENTS.
BY S&P 500.
TESLA DID NOT MAKE THE LIST.
IS SHE IS A SCAM.
IT HAS BEEN WEAPON IS BY FULLY
SOCIAL JUSTICE WARRIORS.
HE TWEETED.
OF COURSE HE IS RIGHT.
AND THE EXCLUSION, HIS -- HAS
ONLY WORSENED TESLA’S STOCK.
IN JUST THE PAST SIX WEEKS ALONE
ALONE.
BRUSHING ASIDE THE POLITICAL
MOTIVATION HERE, ROBERT DORAN --
MARGARET DORN, SHE TRIES TO
JUSTIFY TESLA OFFICE SCORED BY
SETTING CLAIMS OF RACIAL
DISCRIMINATION AND POOR WORKING
CONDITIONS.
AND THE RESPONSE TO VEHICLES
AUTOPILOT CRASHES.
WELL, MORE MORE PHYSICAL AND
AMBIGUOUS ESG STANDARDS ARCA THE
MORE ROOM TO ASK YOUR POLITICAL
ENEMIES AND REWORK YOUR FRIENDS.
EVEN PROPONENTS LIKE DUSTY LAM
SEEN ADVISER AT ESG GLOBAL
ADVISORS CONCEDES THAT CLEAR
METRICS ARE A REAL PROBLEM HERE.
HE CITES SEVERAL FACTORS
INCLUDING A CONCEALED --
CONFUSING THAT ACCOUNT OF
CATEGORIES AND ACRONYMS WHICH
HAVE EVOLVED OVER SEVERAL YEARS.
BUT LANCE THINKS THAT ESG NEEDS
TO BE BETTER MARKETED.
MARKETING PROBLEM?
THAT IS LIKE SAYING BIDEN’S
ECONOMY IS CAUSED BY A MARKETING
PROBLEM.
IT IS JUST THAT PROBLEM.
DOES POLICY.
GIVEN THE BLOWBACK WE SAW
AGAINST DISNEY FOR ITS ESG
INSPIRED MOVES AGAINST FLORIDA
PARENTS AND MUSK’S COMPLAINS.
I THINK THE ESG CROWD KNOWS THAT
WE ARE ON TO THEM.
IN THEIR DEFENSE -- AND THEIR
DEFENSE IS PATHETIC.
ESG IS RAPIDLY BECOMING
POLITICIZED.
INCORPORATING ESG FACTORS INTO
INVESTMENT DECISIONS IS NOT
ABOUT POLITICAL VIEWS.
IT IS ABOUT DRIVING LONG-TERM
VALUE FOR SHAREHOLDERS AND
STAKEHOLDERS.
I WILL GIVE YOU A TRANSLATION
HERE BY CAPITALISM MADE AMERICA
TOO RICH.
IT IS TEMPTED TO CHANGE THAT AND
ESG CAN HELP LEVEL THE PLAYING
FIELD.
GOT IT?
MUSK HIMSELF IS TOO POWERFUL.
BUT THEY WILL TRY.
OTHER POWERFUL AND VISIBLE RISE
UP TO PROTECT THE WOKE AGENDA BY
URGING SOCIAL MEDIA CENSORSHIP
OF YOUR DETRACTORS, OF COURSE.
AND THAT IS TAKING A PAGE FROM
THE COVID PLEASE’S PLAYBOOK --
POLICE’S PLAYBOOK.
I DON’T PUT ANYTHING PAST THESE
PEOPLE.
THIS IS ALL THE RAGE AT DAVOS,
OF COURSE.
>> WE ARE FINDING OURSELVES IN A
PLACE WHERE WE ARE -- WE HAVE
INCREASING POLARIZATION
EVERYWHERE AND EVERYTHING FEELS
BINARY WHEN IT DOES NOT NEED TO
BE.
I THINK WE ARE GOING TO HAVE TO
THINK ABOUT A RECALIBRATION OF
THE WHOLE RANGE OF HUMAN RIGHTS
THAT ARE PLAYING OUT ON BOND
FROM OF SPEECH TO THE FREEDOM TO
BE FREE FROM ONLINE VIOLENCE.
>> Laura: OF COURSE, THIS IS
MUSIC TO CHINA’S YEARS BECAUSE
THE ELITES HAVE FINALLY COME
AROUND TO THE VALUE OF
SUPPRESSING SPEECH, INTIMIDATION
TACTICS, IMPLICIT THREAT WILL
SHUT YOU DOWN AND USE OF BROAD
GENERALITIES AND A CARBON NEUTRAL WORLD.
NEUTRAL WORLD.
>> THE WORLD TO REACH THIS ZERO
NET ZERO CARBON WORLD, WE ARE
GOING TO HAVE, INVEST ESTIMATES
MORE THAN $15 TRILLION AS NEW
TECHNOLOGIES.
>> Laura: I THINK YOU GET IT,
THE ENTIRE ESG MOVEMENT IS JUST
ANOTHER WAY TO CIRCUMNAVIGATE
RUN THE EMERGENT VOTERS.
IT IS GOING TO MAKE PEOPLE LIKE
LARRY FINK AND HIS MEN’S RICHARD
PETTY.
IT WON’T MEAN A FREER AND RICHER
AMERICA FOR THE AVERAGE
AMERICAN.
HAVE THE COURAGE TO STAND UP TO