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55
ESG funds are more like Disney than the Borg. They are acquiring/adapting mutual funds to ESG investments while creating others, but ESG itself is failing. The woke fad isn't earning them great returns, only drawing in more trend-following investors. Soon, the woke will literally go broke. (archive.ph)
posted 4 years ago by GeneralBoobs 4 years ago by GeneralBoobs +55 / -0
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▲ 40 ▼
– Gizortnik 40 points 4 years ago +40 / -0

It's not designed to make money.

It's designed to force competitors to the largest woke corporations to engage in horribly wasteful bureaucratic bloat that keeps the power of the largest companies secure, while also enriching the Social Justice Racket.

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▲ 10 ▼
– APDSmith 10 points 4 years ago +10 / -0

That's a fair point. If they have to spend five million of their own to cost startups two-and-a-half, that's a huge win for them.

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▲ 21 ▼
– Gizortnik 21 points 4 years ago +21 / -0

It's worse than that, that's why there is so much influence within politics on this as well.

If they make a regular investment of a $1 million dollars a year into the SJR spending money on DIE initiatives. Those DIE initiatives perpetuate through the industry and run defense for the major corporate power that's funding them and forming stronger social connections with the activists on an individual level. Then the lobbyists add this tactic within political structures, so the SJR can secure a kind of Left-wing-fad voter, and the votes of the ideologically possessed, for loyal politicians. These politicians then listen to the lobbyists and craft regulations that protect the largest corporations from competition. When it comes to finance, suddenly you need the SJR's approval to even get "big boy" investments through racial quotas, ESG's, and being a known player within the SJR.

In the end, they're spending a million dollars a year, for several years, to craft a political, advertising, social, and financial environment that protects them from loss and challenge. The amount of savings that they would require for that kind of risk mitigation would be closer to hundreds of millions of dollars. Only then do you get to add the fact that no smaller corporation can even consider contributing to the SJR at the same level and rate that the biggest oligarchs do, and there's far too much power and influence that they hold over the individuals themselves to make any headway.

That's why I keep calling it a Social Justice Racket, it's because it is one.

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▲ 12 ▼
– captain-shitpost 12 points 4 years ago +12 / -0

it's even worse than this.

the bulk of the money comes from "private equity investments" which nowadays is just funded from quantitative easing, meaning they took our money and then inflated it, handed it right to their buddies, who then bought up everything on condition that it's forced to go woke as fuck. and if you don't go woke, they will pull scams and slander your business.

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▲ 5 ▼
– BlightBane 5 points 4 years ago +5 / -0

Thanks for the writeup. It does not sound like this is going away any time soon.

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▲ 10 ▼
– Martenzo 10 points 4 years ago +10 / -0

Also, the rich fucks in charge won't literally go broke. The whole Woke market is being kept afloat by Larry Fink and his investment company Blackrock investing fresh-printed money they get directly from the Fed as "economic stimulus". And Larry Fink is the one who came up with all the diversity metrics that he uses to decide those woke investments.

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▲ 3 ▼
– GeneralBoobs [S] 3 points 4 years ago +3 / -0

The article actually states it's new money being attracted to it, not just big swamp critter firms like blackrock. Some are being bought out by corporations to turn them into ESG funds and are then run like Ponzi Schemes to cash in on this bullshit trend. The funds were already going under, the influx of cash is a temporary relief, but the crash will be even bigger once it happens because of all the new idiot investors.

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▲ 5 ▼
– TakenusernameA 5 points 4 years ago +5 / -0

The state is in on it and will bail failing woke corporations out with your taxpayer dollars or tax you indirectly via inflation and minimum wage hikes to keep them afloat.

The question is, when does the state finally collapse under its own treason?

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▲ 1 ▼
– GeneralBoobs [S] 1 point 4 years ago +1 / -0

This is not about the corporations, this is about the funds. The corporations are using the funds as ponzi schemes to drain the investors and the fund of money. Once that happens, they'll let the fund assume the burden and withdraw their 'investment'.

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▲ 5 ▼
– truenationalist 5 points 4 years ago +5 / -0

Everyone is soon "going broke" the question is, who will have more real assets when everyone is "broke" -- It's not going to be you or me, or populations at large. ESG is allowing these people to own real properties (and yes, IP is real property) at a time when dollars are due to crash.

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▲ 2 ▼
– Assassin47 2 points 4 years ago +2 / -0

IP is real property

That's fucked up.

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▲ 5 ▼
– nuggetpatrol 5 points 4 years ago +5 / -0

How do we get them to go broke faster? I don't want to have to deal with this for another decade.

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▲ 2 ▼
– GeneralBoobs [S] 2 points 4 years ago +2 / -0

It isn't about getting them to go broke faster, it is about getting the chicken investors to either quit showing up or rounded up and fried by the market.

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▲ 4 ▼
– coke501 4 points 4 years ago +4 / -0

only drawing in more trend-following investors

Now where did I hear that before? Wasn't there some guy, Charles P. or something that got really famous for using this strategy?

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▲ 2 ▼
– GeneralBoobs [S] 2 points 4 years ago +2 / -0

Educate this ignorant one, please.

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▲ 3 ▼
– barwhack 3 points 4 years ago +3 / -0

Insurance - and its like - slows the flow of failure, but does not stop it. --SummaryBot

Yes.

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