“In the summer of 2000, I asked a group of 100 people at a conference of spiritually committed people who would push a red button if it would immediately stop all narcotics trafficking in their neighborhood, city, state and country. Out of 100 people, 99 said they would not push such red button. When surveyed, they said they did not want their mutual funds to go down if the U.S. financial system suddenly stopped attracting an estimated $500 billion-$1 trillion a year in global money laundering. They did not want their government checks jeopardized or their taxes raised because of resulting problems financing the federal government deficit. Our financial profiteering and complicity is not limited to aristocrats and the elites who do their bidding. Our financial dependency on unsustainable economics is broad, ingrained and deep.” ~ Catherine Austin Fitts, “The Red Button Problem”
We would like to draw your attention back to our Wrap Up about environmental, social, and governance (ESG) investing, titled Will ESG turn the Red Button Green?
ESG “stands for the environmental, social, and governance criteria increasingly being applied to corporate operations and investments. The stated goal is to ensure that companies are good citizens, with the implication that investors will hold them accountable if they are not. For the time being, ESG applies primarily to securities investment, although it is moving into private equity and real estate as well.”
If you are interested in understanding the growing controversy about ESG, we encourage you to take the time to read and digest this informative report to develop a clear understanding of the agenda to weaponize ESG.
Will ESG turn the Red Button Green?
