Published Monday, April 15, 2024 | |
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OKLAHOMA HISTORY CENTER
800 Nazih Zuhdi Drive, OKC, OK
THIS WEDNESDAY
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We rarely hear from our State Treasurer, Todd Russ. He is a devout Christian with long-lead positions consistent with liberty, self-governance, and limited government.
He is a bold advocate for prohibiting BLACKROCK and the large international banks from damaging the business practices of Oklahomans.
This Wednesday, he will talk about the battles he is waging to preserve our abilities to develop economically as a state. He will also address the ways we can become involved in the issues presented by ESG.
Bring a friend!!!
Send this Newsletter to another here.
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Come and be a part of building
an informed Oklahoma!
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Bring your family and friends Wednesday
Bring your pastor and buy his lunch!
Send this Newsletter to another here.
Lunch is optional for $10
Doors Open 11 AM
Meeting Noon to 1:15 PM
OKLAHOMA HISTORY CENTER
800 Nazih Zuhdi Drive, OKC, OK
$5 ENTRY FEE
Tax-deductible donations accepted at door.
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SEE YOU AT THE WEDNESDAY LUNCHEON | |
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BOB LINN
ESG & Politicized Banking
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Stagecoach, the 1939 Western film starring John Wayne, featured a black-hearted banker. Ellsworth Henry Gatewood owned Arizona’s Miners’ & Cattlemens’ Bank and was the most prominent villain of the film. In the end, each of the film’s villains are called to make full restitution for their offenses against society’s moral codes.
One of banker Gatewood’s early lines was made after chiding two men who brought $50,000 in payroll money for the bank’s safe. He lectured them on the good business practices of maintaining even larger balances.
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Banker Ellsworth states:
What’s good for the banks
is good for the country!
Watch the clip here.
He then places the $50,000 deposit into his personal briefcase and boards the Overland Stage Line’s stagecoach leaving the Arizona Territory for Lordsburg, New Mexico intending to retire at the expense of the innocent.
Banker Gatewood, conceived of 85 years ago, is a mild prototype of the most nefarious of our 21st century bankers. You and I are witnessing an aggressive assault on the future of civilization through ESG (Environmental Social Governance).
Among those leading the ESG assault are Citibank, Bank of America, Standard Chartered, and JP Morgan.
They all made FinTech Magazine’s list of top-ten ESG banks. Banks who have adopted the ESG standards make the political priorities the core of their identity and focus.
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For them, the core of banking policy emanates from issues like the Paris Climate Accord, carbon emissions, sustainable development ideas, and the promotion of the LGBTQ+ community’s objectives.
Businesses not focused on ESG priorities have begun to find themselves unwelcome with these ESG banks. Many are no longer welcome as either an account holder or a borrower.
Deutsche Bank put this nicely when, according to FinTech, they enacted a policy to comply with the Paris Agreement on Climate Change. FinTech reported that,
The bank deploys three levers to help its partners decarbonize by providing transition financing, rebalancing its loan portfolio towards clients focused on developing decarbonization plans, and reducing its exposure to clients with a limited capacity or willingness to decarbonize.
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EXUBERANCE
FOR ADVOCATES OF
GLOBAL GOVERNMENT
NOT ALL ARE FALLING IN LINE
Andrew Puzder, who led Hardee’s from the brink of extinction in 2000 to extraordinary global expansion in his 17-years as CEO, says that ESG is one of the most dangerous things happening to America today.
A handful of portfolio managers hold the voting privileges of millions who own the shares and use proxies to vote political ideologues onto corporate boards. They effect policies they could not achieve through the political levers of the ballot boxes of America. Policies millions of the shareholders would not approve of.
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In an interview, Andy Puzder pointed out that as a group, the investment firms of BlackRock, Vanguard, and State Street control 80% to 90% of all the companies in the S&P 500. They not only manage the shares in their portfolio but use the voting power of the shareholders' proxies to re-direct the corporate focus, thus implementing leftist ideology in the American marketplace.
Leftists have never been concerned with ethics. They rob the portfolios they manage in order to partner with the globalist hopes of the World Economic Forum for world domination of the few over the many.
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KLAUS SCHWAB
WORLD ECONOMIC FORUM
THE FACE OF GLOBALISM
In the chart below, the red bars are the ESG committed portfolios.
The red bars represent funds devoted to ESG.
The black bars are the performances of the Russell 1000 and the S&P 500. These two funds are a mix of both ESG funds and politically independent funds.
The blue bar represents the performance of the approximately 220 funds that are 100% politically free.
Only the politicly free
funds increased in value.
All funds exclusively ESG (red) or mixed with ESG portfolios (black) diminished.
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As the chart clearly illustrates, a handful of men are violating their fiduciary commitment to the portfolios they manage to achieve their dream of achieving the failed globalist dream of Nimrod more than 4,000 years ago (Genesis 11).
Learn more about Andy Puzder here.
A BLACKROCK DEFECTOR
In July of 2022, Terrance Keeley left BlackRock to publish his book, Sustainable: Moving Beyond ESG to Impact Investing.
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In the book, Keeley asks:
Does it make any sense to throw out everything that has worked so astonishingly well during the past half-century- generating unprecedented prosperity and wealth – just to experiment with something untried and unproven?
In a review of Terrace Keeley’s book, Rupert Darwall, a senior fellow at RealClearFoundation, stated:
ESG is an attempt to change reality, not to understand it, which accounts for its intolerance of dissenting opinion.
If views like Koonin’s turn out to be anywhere close to being right, then ESG is promoting the largest misallocation of resources in history, an outcome with calamitous consequences for savers and the economy more generally; and is emboldening the enemies of the West, as can be seen in the current energy crisis and Vladimir Putin’s exploitation of net zero.
That being the case, the day of ESG’s burial cannot come soon enough. Terrence Keeley’s Unsustainable brings forward that day.
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Rupert Darwall is a senior fellow at RealClearFoundation, researching issues from international climate agreements to the integration of environmental, social, and governance (ESG) goals in corporate governance. He has also written extensively for publications on both sides of the Atlantic, including The Spectator, Wall Street Journal, National Review, and Daily Telegraph.
FINALLY A LAWSUIT
Last year, Donald Trump’s former Labor Secretary, Eugene Scalia, filed lawsuits against three New York City pension funds for damaging the financial interests of its fund holders in order to employ the investment strategies dictated by ESG.
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Insiders project more will be filed as ethics will, in time, be restored to our leading financial institutions.
IN CLOSING
Stagecoach was filmed in1939. That same year, the Wall Street Journal published an article in which the ideas permeating America’s universities help explain how our banks and financial institutions might have become so cavalier with other people’s money.
The article was titled “Thinking it Over” and contained a summary of the ideas promoted by Dr. Edward Lee Thorndike. Dr. Thorndike heavily influenced Columbia University’s Teachers College and teacher colleges nationwide.
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Quoting the Journal (Dec 22, 1939), Dr. Thorndike’s atheistic morality can be described as follows:
Man’s traits, insofar as they are a part of his inheritance, owe their origin and biological meaning to their survival value.
All natural traits and impulses of human beings must therefore be fundamentally good, if we consider the good as the biologically useful.
Cruelty, selfishness, lust, cowardice, and deceit are normal ingredients of human nature which have their useful role in the struggle for existence.
Dr. Thorndike's bizarre ideas are not new and
are the logical conclusions of those
who imagine a world without
original (divine) purpose.
In 1995, the film Stagecoach was selected by the United States Library of Congress for preservation in the National Film Registry as an important work that transcends the Western genre.
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The movie Stagecoach presents banker Ellsworth Henry Gatewood as an obnoxious, pontificating hypocrite representing the worst in mankind.
EIGHTY-FIVE YEARS LATER
By the standards of today’s ubiquitous group of twenty-first century financial institutions, Mr. Gatewood of Stagecoach fame is only mildly evil.
Come hear Oklahoma’s gatekeeper,
State Treasurer Todd Russ, at the
Oklahoma History Center this
Wednesday on the role you
can play in this battle.
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The nation is in peril and is
calling to each of you for help!
This Wednesday, Oklahoma State Treasurer, Todd Russ will discuss these and other issues and challenge us to holy living and the engagement in the civic arena God calls us to.
Come help us change the world.
See you Wednesday!
I hope to see you at this
Wednesday's luncheon!
April 17, 2024
11:00 AM Doors open
11:00 AM Lunch Available
NOON to 1:15 PM Meeting
OKLAHOMA HISTORY CENTER
800 Nazih Zuhdi Drive, OKC, OK
God bless!
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MARK YOUR CALENDAR
FOR WEDNESDAY, MAY 8
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I encourage each of you to support our mission.
To get started, we are suggesting:
The Century Club
To join, mail a cancelled check to:
OCPAC FOUNDATION
P.O. Box 721212
Norman, OK 73070
Your $100 per month donation will help support the development of the Foundation’s work to widen our audience and outreach capabilities with quality meetings and enhanced educational video content.
Our beginning financial goals will allow us to secure the initial permanent staff positions necessary to the function of a foundation with ambitions to change the world.
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We are in desperate need of returning
our nation and our state to Biblical foundations.
Thank you for your activism.
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OCPAC FOUNDATION is a 501 (c) (3).
Gifts are tax-deductible.
Bring your checkbook this Wednesday!
Make your tax-deductible donation
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