Exclusive Intelligence Examiner Report
When Will Sanity Return?
“Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal.”
“But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.”
The phrase “Get woke, go broke” has become part of today’s vernacular. In layman’s terms, being “woke” conveys the message that you are socially aware of society’s systemic problems. Unfortunately, being “woke” won’t pay your mortgage, bills, or put food on the table.
There are numerous companies who have kowtowed to the looney left and become willing participants in this new craze. Disney is the most obvious example of this mindset. Promoting homosexuality and transgenderism to America’s youth, this once behemoth of the entertainment industry is now but a shell of its previous self.
Fads are nothing new. For those who grew up in the 60s, the mantra of “Make love not war” was prevalent everywhere. Sex, drugs and rock and roll ruled the day. For those of us who grew up in the 70s and 80s, narcissism, big hair, disco music and, eeek!, bell bottom pants were the norm.
Certainly the current craze of debauched lifestyles will fade into the annals of history. However, the debris and leftover detritus of this movement will litter the landscape for quite awhile. Sadly, the “woke” leaders of industry will leave a tarnished legacy of deceit and heartache.
Environment, Social, Governance (ESG)
What is ESG? The looney left describe it as a criteria for making strategic investment decisions to aid environmental or social causes. Federal and state legislatures have begun passing laws and regulations mandating ESG reporting from companies. In other words, ESG is very similar to “social credit scores” as they are applied to individuals.
Corporate executives who have subscribed to this mentality have transformed their companies into social justice warriors. Instead of focusing on generating profits for shareholders, creating jobs, and developing innovative products for consumers, these companies lead today’s culture war of promoting critical race theory and redefining gender.
Why Does This Matter?
The million dollar question a number of you may be asking is, why does this matter? It doesn’t affect me or my family, so why broach this topic? This author hates to be the bearer of bad news, but as recent events have proven, everything the looney left disturbs affects each of us exponentially.
ESG massively affects the energy we have grown to depend upon. Its number one target is the oil and gas industry. These climate alarmists who are demanding the Biden regime restrict drilling and producing petroleum products has directly impacted the price you are paying at the pump. Likewise, the war against the coal industry has affected your energy cost, as well as dependability. As more and more of these institutions are taken offline to make way for wind and solar power, rolling blackouts due to energy shortages will occur.
For those who invest their hard earned dollars into stocks or mutual funds, they do so in the hopes of seeing a nice profit. Many retirement accounts are heavily invested in mutual funds as well.
Typically, investment into companies which stress the importance of ESG have a much lower return than is the norm. Managers of these mutual funds should feel a moral obligation to protect their clients money, but in today’s society that is often not the case.
After the stock market crash of 1929, Senator Carter Glass (D-VA) and Rep. Henry Steagall (D-AL) co-sponsored a bill to reform banking. Basically, the Glass-Steagall Act prevented securities firms and investment banks from taking deposits.
As man is wont to do, however, ideologies are deemed malleable and thus loopholes will be added to reflect the mindset of the time. By the 1990s, the Glass-Steagall Act had been gutted and was no longer a viable piece of legislation.
In the aftermath of the Great Recession of 2008, President Barack Obama proposed a sweeping overhaul of the financial regulatory system. Rep. Barney Frank (D-MA) and Senator Chris Dodd (D-CT) introduced this legislation in 2009. It made changes to every part of our nation’s financial services industry. Dodd-Frank is regarded by many as one of the most significant laws enacted during Obama’s presidency.
Investment banking figures claimed it would increase the operation of data operations. A top Wall Street lobby expressed support for the law, and urged Congress not to change or repeal it in order to prevent a stronger law from passing. Due to the cumbersome costs associated with Dodd-Frank, small banks were forced to end free checking services, as well as mortgages and car loans.
Another Depression Imminent?
Bernie Marcus, the founder of Home Depot, stated succinctly that, Americans need to “wake up” after Silicon Valley Bank (a “woke” bank) collapsed because they were “more concerned about global warming than shareholder returns.” Mr. Marcus continued, “The Fed keeps raising rates, and inflation keeps going in the wrong direction... We have an administration...that keeps talking about the great times and how good it is.”
Silicon Valley Bank (SVB) is the second biggest bank failure in United States history. The ripple effects have already started an economic chain reaction. Signature Bank, the third largest bank failure in U.S. history, was the next domino to fall. In a twist of irony, one of the board members of Signature Bank is none other than Barney Frank. Many other banks saw their stock values plunge, some upwards of seventy-five percent!
Is the Fox Guarding the Hen House?
The inner workings of these institutions is rarely known. Mostly, it takes a catastrophic event for even a smattering of truth to see the light of day. Thanks to the South China Morning Post, we now know there is a link between SVB and China. In the late 1990s SVB was the first financial institution to serve Chinese startup companies.
Is it not shocking that the Biden regime instructed the FDIC and the Federal Reserve to make good on all deposits in the bank—a significant portion of which are China-owned accounts? This could be an innocent circumstance, but it does cause one to ponder if Biden is in bed with the Communist Chinese government.
Social Credit Scores and Digital Currency
Communist China launched its digital yuan in 2022. This digital currency is the mainstay of a social credit system. For those who obey the government’s tyrannical edicts, a higher social credit score will allow that individual to receive perks not afforded those with a lower score. Moreover, if that person utilizes social media promoting the government’s draconian orders, the score increases. Those who oppose the leaders will be lucky to afford a scrap of mildewed bread.
For those who obey the government’s tyrannical edicts, a higher social credit score will allow that individual to receive perks not afforded those with a lower score.
On March 9, 2022, Resident Biden issued Executive Order 14067, entitled “Ensuring Responsible Development of Digital Assets.” Biden signaled that he is ready to begin following China’s lead in the digital currency spectrum, and obviously, a social credit score cannot be far behind, could it?
The Federal Reserve is on-board with this proposal. Known as Central Bank Digital Currencies (CBDC), this digital system will centralize American’s financial information and holdings in a database controlled by the U.S. Government. An authoritarian ruler’s dream come true as every transaction will be tracked.
Just like China’s social credit score system, if the potentate residing at 1600 Pennsylvania Avenue—or one of their institutional lackeys—is notified of your recent AR-15 purchase, funds could be mysteriously removed from your digital account as punishment for this egregious action. However, if you are a pro-abortion activist, who’s to say how that extra hundred dollars appeared in your account?
As author and journalist PJ O’Rourke once stated, “Giving money and power to government is like giving whiskey and car keys to teenage boys.” With a digital currency, the federal government will have the ultimate control over what factories are built, what businesses will profit, and which individuals will qualify for a home loan or car loan.
While these “men” believe that the accumulation of wealth is the ultimate goal, they are sorely mistaken. The Apostle Paul explained, “For the love of money is the root of all evil” (1 Timothy 6:10).
Those who covet more than is necessary to survive will suffer. Paul notes:
“Perverse disputings of men of corrupt minds, and destitute of the truth, supposing that gain is godliness” (1 Timothy 6:5)
“For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.” (1 Timothy 6:7-9)
We all know we need money to exist. How else is one to feed their family, and keep shelter over their heads? There are many passages in the Bible which explain that we should store things while times are good for those times to follow which could be barren. The most important thing we need to store, though, is treasure in heaven. Grace be with thee.