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February 06, 2024
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking.
Bank of America’s change follows intensifying backlash from Republican lawmakers against corporations that consider environmental and social factors in their operations. Wall Street in particular has come under fire for what some Republicans have called “woke capitalism,” a campaign that has pulled banks into the wider culture wars. (Republican) actions have sent a chill through the ESG world. Last year, big investors pulled money out of sustainability-focused funds at a record rate as they shied away from the sector amid conservative criticism." * As far as Cabal geopolitics goes, the imminent demise of dangerous ESG (which we'll talk more about in a moment) is HUGE --- on par with the ongoing de-balling of NATO, the killing (in essence) of the Paris Climate Agreement, the pacification of the Korean peninsula, and the disappearing influence of the United Nations, the Israel Lobby and the World Economic Forum. And we have Commander Trump and the White Hats to thank for each and every one of those once unimaginable developments, and then some.
* From Barron’s Magazine (August 12, 2019)Vanguard ESG Funds Drop Nearly 30 Stocks"Two Vanguard ETFs that aim to invest using environmental, social and governance (ESG) criteria are getting rid of 29 stocks, including gun maker Sturm Ruger, fast food purveyor Yum Brands, private prison operator Geo Group, and media company News Corp (FOX News). * From The Financial Times:BlackRock Punishes 53 Companies Over Climate Inaction * Bloomberg News: BlackRock and Vanguard Are Less Than a Decade Away From Managing $20 Trillion. Two towers of power are dominating the future of investing. * The funds blackball companies that make money from "fossil fuels" or nuclear power, those that “do not meet standards of UN global compact principles,” and those which fail on certain “diversity criteria.” There is no exaggerating the coercive financial power of the Rothschild-linked Vanguard-BlackRock-State Street Money Mafia. It's not "conspiracy theory" ™ -- it's "mainstream" news now. When the Terrible Troika of Titans tells the CEOs of America to "jump," they all respond: “How high, sir?” – lest their stocks take a nasty hit. The VG-BR-SS Investment Mafia even has top executives sitting on the Boards of major health care companies and hospitals – which also helps to explain why Medicine Inc. was rendered so docile and obedient when it came to propagating the Stupid-19 Scamdemic – at their own expense. In recent years, the ESG "responsible investing" conformity operation seemed unstoppable. But as this article about Bank of America's sudden and surprising reversal shows, it is now clear that this weapon of mass Marxification (targeted by Trump and his imposter agent, "Elon Mask") is also being neutralized. Patriots Are In Control.