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.
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.
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.
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.