The Deep State (aka BlackRock) is purposefully crashing Western civilization and handing everything over to China by imposing the malevolent boondoggle known as “Environmental, Social and Business Governance” (ESG) on Western corporations.
First, BlackRock lobbies Western governments for new “climate initiatives”, which shut down projects. Then, BlackRock opens up those same newly-cancelled projects under another corporation that they control in China, which is not forced to subscribe to ESG.
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Vivek: With one hand, OK, the BlackRocks of the world are pressuring Exxon and Chevron and others to effectively drill for less oil with emissions caps. Turns out those companies have to drop oil production projects to meet those net zero standards by 2050. Guess who’s – or, no – let me just ask you just a question, to see what your net reaction is. You may know where I’m going with this, so, you may probably get it right.
Do you think those projects are still proceeding, or do you think that they actually just got dropped in the interest of staving off global emissions? Which do you think it is, between the two?
Guest: Um, dropped?
Vivek: No. Wrong answer. Projects are proceeding. They’re just proceeding under new ownership. So, the firms that are buying up these projects from Chevron include the likes of PetroChina on the other side of the world.
Now, you ask the final question, guess who’s one of the largest shareholders of PetroChina?
It is none other than BlackRock, the very firm that was actually pressuring the Exxons and the Chevrons of the world, over years to drop those kinds of projects. That is how deep this runs.
Do you want to know why? Because if you go to China and say they’re gonna establish an ESG agenda and scope 3 emissions targets, they’re gonna tell you to get the heck out and to shut the door on your way out because, “We built a Great Chinese Wall, the Great Wall that stops you from entering the Chinese market, if you’re gonna mess with our companies.”
But, actually, if you’re also one of those firms that’s doing it to the US, we’ll roll out the red carpet. And that’s exactly why BlackRock became the 1st foreign owner to win a license to sell mutual funds in China, a few years ago, because they were doing the bidding of the CCP.
So this runs deep. Right? And when you have sort of concentrated nodes of private-public power in the United States, that’s what lends it to capture – even by other governments like the CCP.
In a truly decentralized free market system or in a truly decentralized democratic body politic, by the way, that doesn’t lend itself to capture, including by foreign actors.
But when you have that level of concentration of both capital but also capital coordinated with state action, that’s what what lends itself to capture from abroad, and that’s the game the CCP has actually mastered.
Video from @WallStreetApes