What we’re experiencing is the deindustrialization of the European economy and we’re concerned…
That’s what one of oil and gas giant Exxon’s top executives told the Financial Times in an interview published this week. It followed Exxon’s announcement that it will pull billions of dollars of investment out of Europe if the regulations around “climate change” don’t improve.
We’re talking energy this week. And when we left off yesterday we asked the question – why doesn’t the Environmental, Social, and Governance (ESG) movement embrace clean energy technology like nuclear fission?
After all, nuclear is the most dense form of energy available to us today. Yet it produces little to no pollution. The emissions we see coming out of nuclear reactors are mostly steam.
Well, Exxon’s executive said the quiet part out loud.
The religion of ESG is not really about protecting the environment. It’s about deindustrialization.
That is to say, the proponents of ESG want to reduce energy production, industrial capacity, manufacturing activity, and travel. This would deprive us of many modern comforts and reduce everybody’s quality of life considerably.
That said, we need to be a little more specific when pointing fingers here.
I have no doubt that there are plenty of people out there who truly believe the ESG fear mongering. They’ve bought into the climate alarmism. So they think we’re destroying the planet and on the cusp of a catastrophe. As such, those folks see themselves as noble for supporting deindustrialization.
But it’s the people at the top of ESG’s political power structure who create the propaganda. And I’m quite sure they know better.
The fact is, the majority of all greenhouse gas is water vapor. Estimates show that water vapor makes up anywhere from 80 to 95 percent of the total greenhouse gas mass in the atmosphere.
At the same time, carbon dioxide constitutes only about 0.04% of the Earth’s atmosphere. It’s miniscule.
And get this – even if we stopped emitting carbon dioxide entirely, it would take hundreds, maybe thousands of years for atmospheric carbon to return to pre-industrial levels.
By the way, I’m not quoting some guy’s blog here. That stat comes from both NASA and London’s Royal Society.
So even if the ESG movement managed to completely eliminate all carbon emissions… it wouldn’t matter. At least several generations of people would be dead long before it would have a material impact on the climate.
Except those future generations almost certainly wouldn’t come to be in this scenario – because eliminating carbon emissions would take us back to a world where we all had to be subsistence farmers. And almost nobody knows how to farm anymore.
The people at the top of the ESG power structure know this. Otherwise they wouldn’t fly around to climate change conferences on their private jets. Their carbon footprints are far bigger than any of ours will ever be. So what’s the real goal?
It’s all about power and control.
ESG and climate alarmism are key elements of the globalist “Great Reset” agenda.
The globalist faction appears to be rooted in old-world European power centers. The World Economic Forum (WEF) is one of its prominent mouthpieces. As is the United Nations (UN) – among numerous others.
In 2020, the WEF went public with the Great Reset. It’s a not-so-subtle plan to scrap whatever’s left of modern capitalism in order to consolidate power within globalist institutions… and then use that power to completely re-organize society.
They call their system stakeholder capitalism. It’s supposed to sound like a friendlier version of capitalism. But is it?
If we want to assess stakeholder capitalism, the most obvious place to start is this: Who are the stakeholders?
Well, it’s them. In their vision, their globalist organizations control everything.
In fact, these people were arrogant enough to make a commercial that pitches the slogan, “You’ll own nothing and be happy”. That’s what they think of everyone not in their circle.
The WEF outlined five pillars for their Great Reset. They are:
- Justice
- Sustainability
- Digitalization
- New Social Contract
- Shift in Capitalism
Let’s break these down…
When they talk about justice, they say we need to reduce inequalities and promote social inclusion. What they mean is that we need to get rid of competition and merit-based economic mobility.
When they say sustainability, it’s all about replacing traditional energy production with what they call “green energy”. This is the ESG push for solar and wind power.
Of course, it isn’t economical. Solar and wind cannot generate enough baseload power to run our economy. We’ve talked about that all week.
And this is why they need to eliminate competition with that first pillar. Their green energy revolution simply will not happen within the current system.
The Great Reset’s next pillar is digitalization. This is about central bank digital currencies (CBDCs) and 15-minute smart cities.
At the individual level, CBDCs would be used as a mechanism for manipulation and control. That’s because the CBDC could be programmed to only work for “acceptable” purchases.
For example, if we went to buy something the globalists don’t like – perhaps a firearm or even red meat – we could find that our CBDC wallet would deny the transaction. Obviously this lends itself to a wide range of potential abuses.
On the societal level, CBDCs are a direct attack on the competitive commercial banking system. In this way they are another globalist tool for eliminating competition, per their first plank.
As for smart cities – they are all about herding people into small living areas where they can be subjected to total surveillance at all times.
The fourth pillar is “new social contract”.
They say this is about fostering social inclusion and reducing inequality between countries. Really, it’s about eliminating national sovereignty in everything but name. That’s the globalist fantasy.
And the last pillar is “shift in capitalism”.
This is about replacing the current economic system with their model… which isn’t capitalism at all. It strikes me as a modern version of feudalism. It’s a system where the peasants can be kept subservient to their overlords.
I know this sounds like a giant conspiracy theory. But the WEF has talked openly about all of it.
And they even set a timeline for implementation. It’s 2030. They want to get it all done within this decade.
Fortunately, we’re seeing signs that people are waking up to this attack on our way of life. Just to name a few:
- Exxon and traditional energy giants are beginning to push back on ESG – as we saw in the comments above.
- The Federal Reserve (the Fed) and the New York banks appear to recognize that retail CBDCs are a threat to the entire banking system.
- European farmers are protesting against ESG-related regulatory restrictions designed to reduce their food production.
- American truckers are threatening to stop shipments to New York and other cities who push the globalist agenda.
- There’s a renewed interest in localism and intentional communities spreading across the US and Europe right now. I even came across a venture capital (VC) firm raising money to build new communities around small agricultural towns in Tennessee and Kentucky – as a haven for people who want to flee the big cities being ravaged by bad policy.
This sets us up for an interesting year. With all this pushback, I get the sense that the globalist faction will try to accelerate their plans in the coming months as many countries enter a big election cycle.
Buckle up…
-Joe Withrow
P.S. The rejection of ESG brings with it some fantastic investment opportunities. For more information on the big picture and what to do about it, just go here.