Glenn, Stu, and Pat discussed some recent news from The Blaze that could lead to a new Gloat Fest in 2012!
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WHAT IS ESG? Here's why GOP Presidential candidates must make ESG a campaign centerpiece.
Glenn has long warned of the threat ESG poses to the free market and our individual liberty. However, many conservatives still defend ESG as a way of setting socially positive parameters around the free market, distracting from the real threat ESG poses. ESG not only threatens the free market, it moreover transfers the power of the market out of the hands of the consumer into the pockets of the elites.
What is ESG?
As Glenn's audience is well aware, ESG stands for "environmental, social, and governance." It is a scoring system for businesses based on their compliance with environmental and social standards. Certain factors are considered in an ESG score, including "climate change adaptation, energy efficiency, employee health & wellbeing, diversity, equity, & inclusion (DE&I), and human rights." This scoring system is mostly self-reported by businesses to entice asset managers who are looking to invest in "environmentally friendly" or "socially-conscious" businesses, however, some governments, such as the EU, are increasingly requiring ESG reporting as a pre-requisite to operate within its jurisdiction.
What's the big deal? Doesn't the free market protect ESG?
ESG defenders say the self-reporting nature of ESG is a free-market incentive rather than an arbitrary standard imposed on businesses. However, the reality is much closer to extortion for leftist purposes.
Large asset management firms, who have a monopolistic market share over the asset management industry have chosen to prioritize ESG investments. That means if you don't want to comply with ESG's leftist standards in YOUR business, you can kiss investment goodbye.
ESG is already affecting YOUR money.
Take Blackrock as an example. The asset management behemoth manages over $10 trillion which is equivalent to HALF of the U.S. GDP. Blackrock alone has invested a total of $110 billion in ESG funds. What does that entail? The main criterium for investment isn't the likelihood of turning a profit—these firms are now incentivized to invest in ESG-ranking funds over others that may yield a higher profit. In short, they are using YOUR money to invest in companies based on ESG scores rather than their likelihood of returning on investment.
With ESG, the main criterium for investment isn't the likelihood of turning a profit.
Blackrock isn't alone. Second only to Blackrock, the DWS Group invested $36 billion in ESG, comprising 11 funds. Parnassus Investments poured $33 billion into ESG. Bank of America calculated over $200 billion was invested in ESG bond funds between 2019 and 2022. These investments skewed towards left-leaning organizations, putting conservative organizations at an inherent disadvantage. It is nothing less than extortion—"you won't get any investments unless you comply with my political beliefs."
As Vivek Ramaswamy said on Glenn's show, "They're using the money of everyday American citizens, most of the listeners of this program, yours and mine, to foist values onto corporate America, to advocate for values, in corporate America." Instead of putting your money towards companies that will GROW your personal wealth, these monopolistic asset management firms are using YOUR money to financially promote its leftist-based values, turning asset management into political advocacy.
"They're using the money of everyday American citizens [...] to foist values onto corporate America."
This isn't only happening on the business level—it's affecting numerous consumers. ESGagainstus.com has been collecting stories of individuals and businesses having their bank accounts frozen due to their personal beliefs that don't comply with the ESG agenda. How many more people will it affect until we stop it?
Conservatives need to stand up to ESG.
There is already some positive legislation coming from conservative states combatting ESG. Florida Governor Ron DeSantis has gone so far as to ban ESG practices statewide:
By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy.
Will other conservatives do the same?
ESG turns asset management into political advocacy.
The issue of ESG is nothing short of putting freedom of conscience and the power of consumer choice back in the hands of the PEOPLE, rather than elite corporations. As Glenn said, "We must return the power to the hands of the people." The issue of ESG will force our leaders to show their true colors: those who are willing to stand up for the people against elitist corporations and those who will do the elitists' bidding.
Glenn has long warned his listeners about the World Economic Forum's threat to individual liberty and freedom. Now, many of these goals are materializing into actual policies. This should deeply concern you.
In particular, Glenn has been focused on exposing the global threat of the World Economic Forum's Great Reset, the agenda proposed by the World Economic Forum in 2020, urging leaders to take advantage of the COVID-19 crisis to restructure the "world order" to bring about a leftist Utopia.
Below are four goals that emerged from the World Economic Forum and the Great Reset and are now being implemented, posing severe threats to YOUR freedom and privacy.
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Digital Currency took center stage during the 2023 Davos Summit with many proponents arguing for the adoption of "Central Bank Digital Currencies" or CBDCs. One article titled "Key Takeaways from The Davos Agenda" from this year's summit cited a BIS study that found:
86% of central banks are now exploring the benefits and drawbacks of a CBDC. And about 60% of central banks (up from 42% in 2019) are conducting experiments or proofs-of-concept, while 14% are moving forward to development and pilot arrangements.
This should concern you greatly.
China is one of the leading nations in implementing CBDC, already launching pilot programs in 15 of its provinces. The government has complete control, not only through determining the artificial value of the digital currency, but moreover, through being able to track every transaction. Personal finances, under this system, are laid bare before the government.
If the U.S. adopts a CBDC, which would be comparable to a "digital dollar," the government would be able to determine the value of goods through determining the value of its currency. The government could deflate the value of its currency in "government-approved" sectors while inflating the value in others to limit purchasing power—take guns as an example.
This type of monetary control is something the Soviet Union could have only dreamed of. If our personal financial freedom comes under digital control of the government, it is only a short amount of time before the rest of our freedoms go with it.
The World Economic Forum has long promoted "carbon pricing" as a means of reducing greenhouse emissions. Carbon pricing usually takes one of two forms. Many European countries have adopted the first form called "emissions trading systems" or ETS. Companies that produce low carbon emissions are given carbon "allowances" that they can then trade or sell to higher-emission-producing companies. The second way is through a carbon tax, which taxes companies based on the number of emissions they produce.
Why should this concern you?
Carbon taxes give the government the ability to stifle industries that they deem "dangerous" to climate change. In one fell swoop, the government could place an undue burden on coal and gas industries while financially benefiting the "government-approved" electricity industry. This is a direct attack on the free market, giving the government the power, rather than the consumer, to financially determine which industries flourish.
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During last week's Glenn TV episode on AI, Glenn shared a disturbing video from the 2023 Davos summit introducing "brain transparency" technology. This technology is able to track your feelings and face shapes of who you are thinking about. It can even detect your pin number from your thoughts!
The video introduced a possible way of implementing this technology in the workplace. Your employer could send a negative signal to your brain when you are unfocused or daydreaming about a fellow employee, or your employer could send a reward signal to your brain when you are being productive. However, this technology could be used for even more nefarious purposes, such as propaganda and mind control.
China is already using this technology with factory employees, mandating employees wear hats with this technology to track their productivity. Given the World Economic Forum's goal of cracking down on "disinformation" using "hate speech laws," it is deeply concerning to consider how governments could use this technology to further this goal.
Bugs as the gateway to government-controlled farming
The World Economic Forum highlights countries, like those within the EU, that promote insects as an alternative, "green" source of protein. In its 2023 Global Risks Report, the World Economic Forum calls for the "transition to net-zero, nature-positive food" to fight "food insecurity." Of course, this entails the crackdown on emissions-producing food like beef, chicken, milk, and eggs, and the introduction of "sustainable" protein sources, like bugs.
The issue with this goal isn't the unappetizing nature of insects—it's the control given to the government to implement this "food transition." Alarm bells should always ring when you hear of government control over food industries—just ask the Ukrainian farmers during the Soviet Union. The more food systems are nationalized, the greater the likelihood of poverty, food scarcity, and socialist policies.
We are already seeing the government in the Netherlands buy out Dutch farms to transition into "sustainable farming." Will the U.S. be next?
This is part of our ongoing series on "The Great Reset." To read similar content, click here.
THE DOCUMENTS for the 'Cold War with China' Glenn TV special
Want to become informed about China?
During his latest Glenn TV special on Wednesday, Glenn took a deep dive into China and their relationship to the US and the world—from the Chinese spy balloon to their grand coordinated effort to attack their foreign enemies, especially the U.S.
Glenn believes that we have been in a Cold War with China for years and that the public is only waking up to that fact now. Now YOU can be informed and prepared for what comes next. That's why his newsletter subscribers get exclusive access to the research that went into the episode.
Do your own homework
Not already signed up for Glenn's newsletter or missed the one with the documents? No problem. Sign up below we'll email you a PDF of the documents connected to this special, so you can download it directly to your device.
Watch the full special below (or watch on BlazeTV here):
The EVIL reality of America's child sex trade.
I recently read an article by John Whitehead with the Rutherford Institute titled, "Evil Walks Among Us: Child Trafficking Has Become Big Business in America." The facts listed in this article are horrifying. This is what's happening to our society—children are being targeted and sold for sex in America, every day.
Every two minutes, a child is bought and sold for sex. Hundreds of young girls and boys, some as young as nine, are being bought and sold for sex—sometimes as many as 20 times a day. Adults purchase children for sex at least 2.5 million times a year, in the U.S. alone.
Every two minutes, a child is bought and sold for sex.
In Georgia, it is estimated that 7,200 men, half of them in their 30s, seek to purchase sex with an adolescent girl every month, 300 times a day. On average, a child will be raped by 6,000 men, during a five-year period. It's estimated that at least 100,000 to 500,000 children, girls and boys, are bought and sold for sex in the U.S. every year. 36 percent of the children in the sex slave trade are boys.
This is happening in our society. Our society is corrupt and broken.
Adults purchase children for sex at least 2.5 million times a year, in the U.S. alone.
Moreover, our children are being targeted for sexual exploitation in our homes, in our schools. Anyone who has a child, who has been exposed to porn online knows that it spins their heads like crazy. Now they're being introduced to this porn, in our schools packaged as "sex education" that is a Trojan horse for the progressive left's radical ideology—from a trusted teacher. Our youth are in trouble.
The growth of porn and sexual indoctrination in our schools is making our kids more at risk of being trafficked. The number of kids at risk of being trafficked or have already been sold into the sex slave trade would fill 1,300 school buses. This is happening online. It could be happening in your own home to your kids, where they're being groomed through gaming or through social media. One in five kids online are sexually propositioned over gaming platforms and social media.
It is big business—for girls and boys.
This is happening here, in our homes, in our schools, along our borders, on our turf. We Americans are consuming and buying it. We are responsible for our children, and we can't stand for this. We have to do something.