Do you believe in cautionary tales or think most things happen simply happen without warning? Your answer might reveal how your psyche processes information to which you are exposed. Everything you need to make good decisions is readily available, depending upon the sources you rely on.
These recently publicized topics should set your spidey senses twitching:
- Silicon Valley Bank suffers an abrupt collapse
- President Biden resurrects the all-but-dead Willow Creek Oil project
- Biden’s Energy Secretary praises China’s work on Climate Change
- The President delivers his vision for his next budget
- Forty thousand hours of security footage inside the Capital on January 6th are released to the public, initially through Tucker Carlson at Fox.
All these bullets connect. ESG (Environmental, Social, and Governance) will cost all of us. You’ll understand who wins and who will lose when ESG is fully implemented. ESG is intended to replace the profit motive for large companies with something more akin to a social conscience. What could go wrong?
Prepare to be amazed!
Silicon Valley Bank—the biggest little bank you had never heard of was pivotal to the small and medium-sized tech industry. Remember, the FDIC guarantees up to $250,000 per account. But, in a jaw-dropping move, Biden bailed out all accounts in a change not contemplated by the FDIC Act. Is this to be the new FDIC standard? Remember that the FDIC has nowhere near enough funds to bail out more than a few banks if the $250,000 cap were eliminated.
Where did Biden get such authority, and is this yet another abuse of his Presidential Powers? Where’s Congress in all this? Given Biden’s extra lawful money grabs, why have a Congress at all?
Early information about the bank’s demise gives a definite and suspected reason. Long-term bonds, issued at low yields, secured many of the bank’s assets. When liquidated early to cover cash calls, SVB suffered huge losses. Why did SVB need cash? Because the government spent trillions, it did not have, the money supply became massively inflated, thus creating runaway inflation. Since the Fed’s only real inflation-fighting weapon is raising interest rates, which it’s done at a voracious rate, making everyone poorer. Biden’s wasteful spending is directly tied to the default of SVB and other banks. Paying off all depositors was a way of deflecting responsibility.
Even more controversial is that the SVB’s head of risk management spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, even as the firm catapulted toward collapse. Like its tech clients, SVB embraced ESG and took its eyes off the ball while serving “higher interests.” That means social causes top good financial practices.
Willow Creek Oil Project— It would be difficult to find another oil field approval on public land since Biden came to office. Biden’s earlier statements about ending our dependence on fossil fuels without regard for Americans going cold this winter, being unable to afford electricity, or not driving as we are accustomed to is likely music to the President’s ears. He believes such intentional suffering will make us more pliable as the only alternatives are those that fold into his Green Energy agenda.
Why, then, has the Willow Creek project just been approved? Look no further than the future announcement of Biden’s reelection. His overlords use Clinton’s famous triangulation tactic to win support from people who would otherwise not consider voting for him in 2024 and are not aligned with his climate politics.
Energy Secretary Jennifer Granholm praises China—What at first would appear to be a head-scratcher comes sharply into focus only when you understand that China is constantly increasing its greenhouse gas output without U.S. rebuke. Its pollution output is now greater than all the other developed nations combined! Nothing the rest of the world (i.e., America and Europe, committed to net zero) does will achieve Biden’s stated goals to ‘save’ the planet. China greenlights two coal plants a week while the U.S. and Europe shutter their power plants risking brownouts and people dying from the cold or heat!
Why are we such zealots for dumping our traditional sources of energy with nothing on the near horizon to replace our needs? Granholm knows what’s going on, and, like our President, both are in the tank for an ever-ascendant China. Why? This seems to continue our government’s ever-firming control of us. Do you see a different answer? I certainly don’t!
Biden releases his vision for our next budget—I can’t express the staggering numbers within Biden’s proposed budget meaningfully. Key takeaways include; A record-breaking $6.9 Trillion to fund all of Biden’s priorities. This budget breaks new ground by proposing the confiscation of some individuals’ assets outright, departing from our tradition of only taxing realized income. U.S. dollars will be sent worldwide to further Woke agendas. We will see our budget deficit grow to $51.7 Trillion over the next ten years, according to his numbers, even though he promises a magical $3 Trillion in deficit reduction. Unfortunately, it’s all smoke and mirrors, so deficit reduction in out years will never occur. (Did you know that government spending will increase by double digits this year?) Spending is accelerating, not slowing, especially for climate change issues and social spending.
No one expects Biden’s budget to become a reality as delivered, and it is as much a political budget to gin up his constituency as a fiscal one. But if you discounted his budget entirely, you would be missing something important. His budget does not deal with extending Social Security’s life, the realities of our deficit spending, or the interest we will be paying on our debts, soon to become the single largest item in our Federal budget. God save our children!
Forty thousand hours of security footage inside the Capital on January 6th were released. How do you explain the difference between an insurrection and a riot? For the first time I know of, since that incident, our country has been holding prisoners of conscience in solitary confinement without a trial.
Democrats had free reign on prime-time television to sell the American people a narrative of an insurrection, yet many rightfully remain unconvinced. A stink is attached to the entire process with a kangaroo court, scripted television, and zero defense of those accused of high crimes. Process matters.
Dozens died in the streets due to rioting during the Pandemic, and property damages were in the billions of dollars. Comparing the differences in how these two series of actions were spun is instructive, and analyzing the different approaches to how we reacted is reasonable and proper. It is an inconvenient truth that most rioters in the Capitol did no physical damage and harmed no one. The only known violent death was one of the rioters who was killed unnecessarily.
We, the People, used to mean something. Now, it’s little more than a catchphrase with the government going after a thousand people (many who never set foot in the Capitol building.) They are targets because of what they think. What does that portend for anyone who deigns to think independently?
Freedom today is defined by what some Democrats decide it to be. You can riot in American streets almost without consequence, but demand change in our Capital, and you will be imprisoned and the key thrown away. How does this square with you in our’ free’ country?
ESG is an additional control measure that points us down a path today’s Democratic/Marxist leaders demand. Ask the financial institutions you deal with to explain their ESG policy. Then decide what you will do with your money, politics, and future.
God Bless America!
Allan J. Feifer