The floods in China are a global disaster

You may not know it if you watch CNN or Fox News, but China is experiencing its worst flooding in over 100 years, and certainly the worst flooding it has experienced in the modern era since the construction of the Three Gorges Dam.

Background

The Three Gorges Dam is the world's largest Hydro-electric power station, completed along the Yangtze River basin in 2006, with additional power station construction and spillway added in 2012. The reservoir it creates is more than 410 miles long, and effectively creates the largest man-made reservoir in the history of the world. The Three Gorges Dam system includes the Dam itself, with its reservoir, power plant and boat locks, and then a series of upstream and downstream levees and dams that collectively make up the drainage and additional power generation plants for other towns and cities along the path of the Yangtze. Importantly, the drainage system downstream of the Three Gorges Dam includes both Wuhan and Shanghai, China.

At the time of its Construction, numerous engineers both in China and from around the world expressed concerns that since the focus of the 3 Gorges Dam project was power generation, insufficient attention was being paid toward flood control. The Yangtze is among the largest rivers in the world both by length and by volume, with only the Amazon River and Nile River producing greater volume of flow. The Yangtze and it's tributary system is also among the most flood-prone regions in the world, with historic floods that killed millions of Chinese. In 1931, a 4-month long flood disaster killed 3.7 Million people and displaced another 14 Million. Again in 1935, floods killed 137,000 people and destroyed entire cities, including Wuhan, China. Again in 1952, the Yangtze basin flooded along the Hubei province where Wuhan is located and killed another 33,000 from flooding plus another estimated 400,000 who later died of a plague (likely Swine Flu) that ravaged through after the floodwaters had receded.

Since the completion of the 3 Gorges Dam, the drainage basin of the Yangtze is also one of the largest food and grain production corridors in the world. Fully 20% of the world's supply of Corn, Maze and many fruits and vegetables are grown in the Yangtze flood basin. China is also the world's largest producer of Rice, Wheat, Potatoes, Tomatoes, Peanuts, Tea, Millet, Barley, Cotton, Corn and Soybeans...with the bulk of these food crops grown in the Yangtze flood basin.

It is also the region of China where they ranch for Hogs, Beef, and, importantly Chicken. More than 30% of the world's supply of Chicken and Eggs are farmed in the drainage basin of the Yangtze River, all of this downstream from the 3 Gorges Dam.

Floods

2020 has proven to be one of the worst Asian Monsoon seasons in history. Rain totals are more than 200% above the past 11 year average in China, but they are not alone, with additional massive flooding striking Japan, Vietnam, Cambodia and both North and South Korea. But while there have been deaths and dislocations in many places, none are as impacted as the 3 Gorges Dam region of China.

  • The reservoir system that makes up the 3 Gorges Dam system passed flood stage some 6 weeks ago, and is now classified by China as a Level 2 (Level 1 being the worst and only reachable in the event the Dam's discharge system fails).
  • China has had to destroy more than 2 dozen smaller dams and levees to let floodwaters into the drainage basin - namely, into the farmland, so as to attempt to spare cities downstream from catastrophic flooding.
  • Official numbers out of China are difficult to come by, but estimates from the Taiwanese press indicate that as much as 50% of agriculturally developed lands along the Yangtze have endured some form of flooding in 2020. Millions of acres of agricultural land now sit under as much as 9 feet of floodwaters and will produce zero yield in 2020 and perhaps beyond.
  • The 3 Gorges Dam itself is also in trouble. It had previously shown signs of 'Settling' and 'Buckling' that the Chinese Government had tried to dismiss as distortions in satellite images due to pixelation, but more recent photos also show further buckling in the key spillway section of the Dam, which is under the greatest pressure now as flood channels are kept wide open to prevent the Dam from being overstepped by floodwaters. Structural Engineers from the King's College in London recently issued a dire warning to the UN that they believe the Dam is on the verge of a catastrophic collapse that could place millions of lives at risk downstream.

Why This Could Be a Global Disaster

First is food security. China is not only the world's largest consumer of food (recall they have a population that is four-times greater than the US), but also the world's largest producer and supplier of food in terms of total output. And the primary food growing region of China is the Yangtze River basin and floodplain. We don't yet know the full extent of the damage to the global food supply from these floods, it's still an ongoing disaster where the focus is currently on saving human lives. But certainly, from the images, we have seen coming out of China, millions of acres of productive food-growing land has been rendered useless for the time being. Hundreds of thousands if not millions of livestock have been killed, including Hogs, Cattle, and Chickens. And hundreds of Warehouse buildings and silos that stored previously grown foods are also destroyed or inundated with water.

Secondly, this disaster comes directly on the heels of and in the same region as the COVID-19 Pandemic. The floodwaters that have now displaced hundreds of thousands or perhaps millions of Chinese flow directly through the Hubei Province that was the site of the initial outbreak, including Wuhan City itself. Social distancing will now be impossible for the foreseeable future, and the risk of co-infections of other plagues like influenza are very real. And COVID-19 doesn't care about borders or humanitarian efforts. Any outbreak anywhere is a threat to everywhere else because of how easily the virus can be transmitted. But it is especially dangerous for a major outbreak to occur in China, because the world simply cannot trust the CCP to be forthright about what's happening so as to prevent the spread to other countries.

Third, if the 3 Gorges Dam does collapse, it threatens to kill millions of Chinese people downstream. More than 300 million people live downstream of the Yangtze Reservoir. A catastrophic collapse of the dam, however horrible to consider, may well create the worst humanitarian disaster in world history, one that could completely remake the world economy and geopolitical map for generations to come.

And finally, it's key to note that the Asian Floods of 2020 are not localized to China alone. The existence of the 3 Gorges Dam may indeed make this the greatest risk area, but millions of additional acres of food production is also now offline in more than a dozen countries, and COVID-19 related health-safety measures are necessarily being abandon in the very real fight for basic human survival. It may be some months before we know the full extent of crop and animal production losses, but global food supplies are taking a major loss as we speak...and China's weather service just forecast another 10-12 inches of rain by Sunday this week.

What Should Americans Do?

First, please stay informed. There is so much coverage of COVID-19 here in the US, of Donald Trump, of Black Lives Matter, it can become easy to get lost in the cacophony. Find a news service that is providing good International coverage and do the work to keep yourself and your family informed.

Second, if you have the means (and MOST of us do) consider planting a small garden, even if you have to user planter boxes in a window ledge or UV lighting in a spare bedroom. If you can't physically plant a garden, be sure to do what you can to prepare for food security, with long-term and healthy food supplies. At least some extra canned goods, if not more professionally prepared long-term food storage, freeze-dried foods and meat that you store properly.

Finally, if I may be so bold to suggest that we all take a moment to pray. To thank our God for the blessing that we live here, in America, and to pray for the well-being and comfort to those being so dramatically impacted by the twin disasters now in China...the Natural Disaster that is a once per century Monsoon season, and the manmade disaster that is the Chinese Communist Party and its corruption that magnifies the natural disaster there into what threatens to become a global catastrophe.

Last week, Glenn published his updated "Preparedness Quiz" to see how prepared his audience is for a big crisis—and the results are in! Thankfully, not very many of you are "Toast." In fact, most of you could survive a big disaster, and even some of you could survive a nuclear apocalypse—not very many could say that!

If you haven't taken the quiz already, you can take it HERE, and be sure to download Glenn's "Ultimate Preparedness Guide" filled with practical tips on how to keep you and your family safe for a future crisis.


1.7% of Glenn's audience is TOAST! Thankfully, that's very few of you. 

There is little chance you'd survive repairing your kitchen table, not to mention enduring a massive economic crisis or natural disaster. With no money, food, or supplies stocked up, you will have to rely on the altruism of your more-prepared friends and family. But then again, if you can't even navigate to their house without your phone, you may still be TOAST.

13.8% of Glenn's audience could survive a little disaster. 

Congrats on having some of your finances set aside for emergencies... and some useful tools and skills tucked away in case of an emergency. You could potentially endure a "little disaster" of financial hardship. However, if you want to survive a massive financial crisis or natural disaster, you're going to have to start stockpiling some more money and supplies.

68.9% of Glenn's audience could survive a big disaster. 

Congrats on being more prepared than most! You have some investment in precious metals, an emergency fund, some food and supplies stockpiled, and maybe an extra generator. Even though you may not be a "prepper," you have taken steps to prepare for hard times, which will protect you and your loved ones for weeks... even months—which is way better than nothing!

14.7% of Glenn's audience could survive a nuclear apocalypse. 

Congratulations on being one of the few people in this world who could actually survive a nuclear apocalypse! Seriously... there are very few of you. Your bunker is stocked with food, water, and supplies to last you MONTHS. Your silver, gold, and emergency fund will help you cruise in times of financial distress. You can secure more goods because you have learned a bunch of "barter" skills. Congrats on being able to keep yourself and your loved ones safe!

On Monday, Biden exercised his veto powers for the first time to strike down a bill that would ban states from taking ESG into consideration when investing state pension funds. In his veto message, Biden said:

Retirement plan fiduciaries should be able to consider any factor that maximizes financial returns for retirees across the country. That's not controversial — that's common sense.

At the risk of using the loaded word "gaslit," it continues to be the operative word in describing the policies coming out of the Biden White House. It is painfully obvious that ESG itself inhibits investors from "maximizing financial returns." That was never ESG's goal in the first place. Yet Biden said the opposite.

ESG aims to incentivize investors to make "socially conscious" (a.k.a woke) investments, even if they are at odds with the greatest return on investment. It has enabled state governments and investment firms to use their monopoly over the investment space to force companies to choose between adopting their woke ESG standards and losing critical investment. Isn't there a word for that? Extortion? Or modern-day politics?

ESG enables state governments to force companies to choose between adopting their woke ESG standards and losing critical investment.

That is the sole reason why Republicans brought the bill to his desk in the first place: As Glenn said, "ESG poses a clear and present danger to the American way of life, the soul of our nation and every sector of our economy. ESG was never about ROI. It was always about pushing a leftist agenda.

And Biden knows this.

Why would he want to give up something that enables his political party and corporate elites to control and manipulate the political affiliations of their people? Who would want to give up that power? Biden certainly doesn't.

And he didn't.

Instead, he boldly asserts the exact opposite: that ESG itself "maximizes financial returns," relying on the divided American people to debate the policy into oblivion, while he gets exactly what he wants: the retention of power over the American consumer. Dare I say again that "gaslit" is the operative word here?

If one thing is clear, it is that we cannot rely on the federal government to act in the best interests of the American people. However, in this critical moment, the state governments are stepping up to do what the federal government refuses to: protecting the rights of the American consumer.

In a joint resolution led by Florida Governor Ron Desantis, 19 states have pledged “to protect individuals from the ESG movement" at the state level. This is critical.

We cannot rely on the federal government to act in the best interests of the American people.

Florida leads Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia and Wyoming in signing the historic policy agreement among all 19 states, pledging to ban ESG practices within their jurisdictions.

The anti-ESG alliance calls ESG what it is:

A direct threat to the American economy, individual economic freedom, and our way of life, putting investment decisions in the hands of the woke mob to bypass the ballot box and inject political ideology into investment decisions, corporate governance, and the everyday economy.

This alliance takes aim at two specific practices used by left-leaning states to force companies to adopt ESG-approved practices.

First, the alliance promises to protect "taxpayers from ESG influences across state systems."

While other states are using YOUR taxpayer dollars to fund pro-ESG corporations, these states pledge to BAN this practice to ensure "that only financial factors are considered to maximize the return on investment."

The chief factor behind any investment should be determining whether that investment yields the maximum return on their investment. However, many states are using YOUR taxpayer-funded pension and retirement funds to invest in ESG-approved businesses. This not only forces businesses to consider adopting ESG standards in hopes of obtaining investment. Moreover, states are using YOUR taxpayer dollars to fund them! Would you want your government to invest your hard-earned money for partisan purposes?

The anti-ESG alliance is taking the politics out of investment and putting consumer power back in the hands of the American people. These state governments pledged to make investment decisions based solely on maximizing the return on investment, not in using your taxpayer dollars to fund their political agendas.

Second, the alliance promises to protect "citizens from ESG influences in the financial sector."

ESG standards force businesses to consider the political leanings of their customer base. For example, Discover announced they will begin tracking its customers' gun-related purchases. One of the leaders behind this push is Amalgamated Bank, which boasts on their website that their institution "supports sustainable organizations, progressive causes, and social justice." Amalgamated Bank CEO Priscilla Sims Brown said:

We all have to do our part to stop gun violence and it sometimes starts with illegal purchases of guns and ammunition The new code will allow us to fully comply with our duty to report suspicious activity and illegal gun sales to authorities without blocking or impeding legal gun sales.

This virtue signaling at the cost of your privacy is earning both Discover and Amalgamated ESG brownie points.

There are countless stories of Americans, like YOU, getting locked out of their bank accounts, dropped as clients, tracked and targeted, all because their personal political beliefs don't align with big corporations' ESG goals. Their individual privacy and dignity as a consumer aren't worth the risk of lowering the company's ESG score.

That's why the anti-ESG alliance is pledging to protect the residents in their states from this corrupt ESG exploitation. The alliance promised to ban "so-called social Credit Scores' in banking and lending practices aimed to prevent citizens from obtaining financial services like loans, lines of credit, and bank accounts."

They also promised to stop "financial institutions from discriminating against customers for their religious, political, or social beliefs, such as owning a firearm, securing the border, or increasing our energy independence."

In short, they have targeted the political extortion hidden behind the virtuous ESG veil to protect citizens from being discriminated against based on political affiliation.

It's time to step up.

Biden may have struck down the effort to restore the freedom of the American consumer at the federal level. However, these states are taking it upon themselves to do what they ought: to ban practices that threaten the freedoms and privacy of their citizens.

If your state did not joining the anti-ESG alliance, it's time to demand that they step up and do their job to protect you and the rest of your fellow citizens from corrupt ESG practices. As Glenn said, "The conservative movement is best when it moves in unison." We must act and unison and push our states to protect our economic freedom and our way of life.

How prepared are YOU to weather a future crisis? We recently published a brand new quiz so you can find out exactly how prepared you are. Whether you're a "prepper" with a bunker fit for the apocolypse or just want to feel more secure for the future, there is always something more to learn. That's why Glenn wants to give his newsletter subscribers his "Ultimate Preparation Guide," filled with practical tips for building a solid foundation to weather future crises. And let's face it—in our crazy world right now, who couldn't use a bit more peace of mind?

Enter your email below to get "Glenn's Ultimate Preparation Guide" sent straight to your inbox!

Editor's Note: Arizona House Bill HB2770 has since been shut down! AZ Rep. Rachel Jones tweeted that the AZ Freedom Caucus shut down the bill before it could reach the board. It is encouraging to see states stepping to protect the American people from getting one step closer to a Central Bank Digital Currency. Hopefully, Arizona will be a precedent for the other states!

On today's radio broadcast, Glenn warned about dangerous Central Bank Digital Currency (CBDC) language being smuggled into routine legislation in REPUBLICAN-led states. This is unacceptable, and as Glenn said, we can't let this legislation pass as it now stands.

The legislation being used to smuggle in this CBDC language is the Uniform Commercial Code (UCC), a routine piece of legislation passed on the state level that helps standardize commercial and business transactions. However, a new round of UCCs being deliberated RIGHT NOW amongst a swath of Republican-led states anticipate the use of "electronic money." In a public letter sent to the Republican states currently deliberating this legislation, the Pro-Family Legislative Network said this can only refer to the Central Bank Digital Currency (CBDC) under consideration and testing by the Federal Reserve. Biden's Executive Order 14067 issued in March of 2022 started the push for CBDC, and now these states, knowingly or unknowingly, are laying the legislative groundwork for making CBDC a reality.

There is absolutely no reason why Republican-led states should aid in laying the foundation for CBDC, yet 12 of them are deliberating it RIGHT NOW, with one UCC bill already on one GOP governor's desk! We have to act NOW to stop these UCCs in their tracks and demand our lawmakers amend the bills without the "electronic money" language.

If your state is listed below, contact your representative NOW to put an end to CBDC language.

1. North Dakota

North Dakota House Bill HB1082 passed BOTH chambers and is now sitting on Governor Burgum's desk. Burgun has 3 DAYS to veto this bill once it's placed on his desk—if not, it will pass automatically. If you are a North Dakota resident, it is absolutely CRUCIAL that you contact Governor Burgum's office NOW and demand that he veto this bill and re-introduce it without the "electronic money" language.

2. Arizona

Arizona House Bill HB2770 has been SHUT DOWN! See the above editor's note for more details.

Arizona House Bill HB2770 passed the House majority and minority caucuses. Arizona residents, contact your representative's office NOW so that they amend this bill without the "electronic money" language.

3. Arkansas

Arkansas House Bill HB1588 is in committee, and if passed, will head to the House floor. Though the bill is only in its beginning stages, it's important for Arkansas residents to stop this bill in its tracks and amend it without the "electronic money" language.

4. Missouri

Missouri House Bill HB1165 is also in its beginning stages in committee. That means it's important to contact your representative as soon as possible to amend it without the "electronic money" language.

5. Oklahoma

Oklahoma House Bill HB 2776 passed the House Committee and will go to a chamber vote soon. If passed, it will go to the Senate, then the governor's desk. If you are an Indiana resident, contact your representative's office NOW to amend the bill without the "electronic money" language.

6. Indiana

Indiana Senate Bill SB0486 passed the Senate and is headed to the House. Republicans control Indiana's executive office and BOTH chambers of the legislature. There is no excuse for this bill to pass. If you are an Indiana resident, it's vital you contact your representative NOW and demand they amend this bill without the "electronic money" language.

7. Kentucky

Kentucky Senate Bill SB64 passed the Senate and is now being deliberated in the House. If you live in Kentucky, contact your representative's office to amend the bill without the "electronic money" language.

8. Montana

Montana Senate Bill SB370 passed the Senate and was sent to the House on March 3rd. If you are a Montana resident, contact your representative's office NOW so that the bill doesn't without changing the "electronic money" language.

9. Nebraska

Nebraska's Legislative Bill LB94 passed committee and the first floor vote. As Nebraska only has one legislative chamber, this bill is dangerously close to passing the legislature and being sent to the governor's desk. If you are a Nebraska resident, contact your representative's office NOW and demand they amend the bill without the "electronic money" language.

10. New Hampshire

New Hampshire House Bill HB584 is currently in House committee deliberations and has not yet reached the House floor. If you are a New Hampshire resident, contact your representative's office NOW to amend the bill without the "electronic money" language.

11. Tennessee

Tennessee House Bill HB0640 didn't successfully pass the House. However, it was deferred to a Senate committee and has now taken the form of Senate Bill SB0479, which is now in committee. This bill is still alive, and it's important for you, Tennessee residents, to stop it before it reaches the floor! Contact your representative to amend the bill without the "electronic money" language.

12. Texas

Texas House Bill HB5011 was filed and is ready to be taken up by committee. Fellow Texans, let's not let this bill progress any further! Contact your representative and demand they amend the bill without the "electronic money" language.