Tuesday, March 21, 2023

In the #News #Politics #Pensions ESG Legislation Will Destroy Pensions

“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.”

“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”

― Mark Twain

Subscriber Comments

The banking crisis hides some important news. Biden, which many question his ability to recognize what's unfolding around him, vetoed ESG legislation prevented pension fund managers from basing investment decisions on factors like climate change, equality, and other hot button topics. Most Americans probably missed or failed to understand the significance of the news.  The climate zealots even cheered.   We add that few truly understand history and the role of politics in investments and public policies.

The Federal Reserve once stimulated the economy (the private sector) through purchases of commercial paper and private sector debt during times of ill-liquidity in the different regions of the United States. The #EndtheFed crowd's distortion of the Fed's vital role in providing necessary liquidity to the US Banking System and economy during times of crisis to some opaque conspiracy is only compounded by political manipulation and control.  Politicians forced the Fed to stimulate through public rather than private sector debt during WWII.  The Fed began "stimulating" the economy by supporting public sector debt only.  They forget to mention to the public that public sector debt ALWAYS fails. Let's not forget that Social Security is loaded to the teeth with public sector debt by political edict. Had it been backed by private sector debt or equity, it would not be in trouble today.

Biden's veto ESG legislation effectively seizes public pensions as a conduit to force the same type of investments that's destroying the loan portfolio of socially consciousness banks. This is not a dig on investing for all of humanity but rather a simple observation that the same decision-making that destroyed the effectiveness of the Fed, longevity of Social Security, and will destroy public pensions. It's sad that the majority of the people supporting the parties promoting ESG legislation (at all costs) depend on public pensions for their survival.

Let me be clear, you're going to lose with either the Republican or Democratic parties. Today's comments are only intended to help you understand how the United States has reached the point of Bank Runs, Failing Debt, and currency devaluation. Most people will not be protected or prepared when the system crashes. It's not too late to learn and adapt. The Matrix is designed to track the invisible hand rather than listen to the news or social media. We have numerous Reports to help better interpret it.

It is game over. You must learn to protect yourself ahead of the majority.

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