ESG has forced a number of bad business decisions to satisfy demands of Blackrock. But it seems even Exxon has overcome the placement of green board members because they have returned to their business of exploiting energy. It seems that ESG notions and climate change dominate discussion until we discover green isn't quite ready. The wheels were set in motion `~ 5 years ago and investments not made over that time will harm us now. Provides a bit of time to regret and learn. Then perhaps the next big thing.
On finances we all have borrowed beyond our means yet can spend beyond belief on causes and adverts. Likely a real waste of resources better used to actually improve life. We need greater investment in production and creation of useful products to improve life and the environment. Our politicians it seems are now owned and appear to be of the third generation which squanders the wealth created by the first. That then results in another first to rebuild for the next 100 years or so it might seem. There were once books that discussed these rather broad cycles of development.
You are such a philosopher my good supporter friend HH, thank for your wise counsel. As a business partner once observed when we worked together in a successful business in the 1970s:
I agree that 'Green' remains embryonic but regrettably under pressure from WEF et al, to make the etherial deadline of UN Agenda 2030. The result in 2023 will be a slow, long and deep economic depression in the western world, IMHO.
"regrettably under pressure .. to make the etherial deadline" - As inflation roars and we see energy costs escalate, I suspect a very angry public will tell their Greta's to shut up and stop whining. Meanwhile we really ought to accelerate development of nuclear energy along with safe hydrogen production/storage research. I think there are technology breakthroughs that ought to be possible. There is no way we ever will build enough batteries for vehicles without considerable environmental damage. The green have opposed nuclear in favor of return to 1890. Hydrogen is quire a difficult nut to crack but we ought to have more effort in that area.
I couldn't agree more HH and I would add, Tidal, Geothermal and Hydro which has been sadly neglected because 'the money' - you know, their crazy economic models which only make sense to banksters and their acolytes. The political and financial decisions over many years have focused entirely on 'return' and has finally ended up in the ginormous mess we find ourselves today.
Our defence is to sidestep their virtual, techy systems which rely entirely on our compliance, and go local. I think you have read my 'Localisation' article. However that one stimulated Alec Schaerer to cooperate with me and which I then posted as our joint article: https://austrianpeter.substack.com/p/notes-and-thoughts-on-reading-an?s=w
ESG has forced a number of bad business decisions to satisfy demands of Blackrock. But it seems even Exxon has overcome the placement of green board members because they have returned to their business of exploiting energy. It seems that ESG notions and climate change dominate discussion until we discover green isn't quite ready. The wheels were set in motion `~ 5 years ago and investments not made over that time will harm us now. Provides a bit of time to regret and learn. Then perhaps the next big thing.
On finances we all have borrowed beyond our means yet can spend beyond belief on causes and adverts. Likely a real waste of resources better used to actually improve life. We need greater investment in production and creation of useful products to improve life and the environment. Our politicians it seems are now owned and appear to be of the third generation which squanders the wealth created by the first. That then results in another first to rebuild for the next 100 years or so it might seem. There were once books that discussed these rather broad cycles of development.
You are such a philosopher my good supporter friend HH, thank for your wise counsel. As a business partner once observed when we worked together in a successful business in the 1970s:
“Shirtsleeves to shirtsleeves in three generations” is a common adage in respect of intergenerational transfer of wealth and family businesses. The first generation creates the wealth, the second stewards it and the third consumes it. Sadly, less than 10% of family wealth survives the transition to the third generation." https://www.advisor.ca/tax/estate-planning/four-reasons-intergenerational-wealth-is-destroyed-in-3-generations/
I agree that 'Green' remains embryonic but regrettably under pressure from WEF et al, to make the etherial deadline of UN Agenda 2030. The result in 2023 will be a slow, long and deep economic depression in the western world, IMHO.
"regrettably under pressure .. to make the etherial deadline" - As inflation roars and we see energy costs escalate, I suspect a very angry public will tell their Greta's to shut up and stop whining. Meanwhile we really ought to accelerate development of nuclear energy along with safe hydrogen production/storage research. I think there are technology breakthroughs that ought to be possible. There is no way we ever will build enough batteries for vehicles without considerable environmental damage. The green have opposed nuclear in favor of return to 1890. Hydrogen is quire a difficult nut to crack but we ought to have more effort in that area.
I couldn't agree more HH and I would add, Tidal, Geothermal and Hydro which has been sadly neglected because 'the money' - you know, their crazy economic models which only make sense to banksters and their acolytes. The political and financial decisions over many years have focused entirely on 'return' and has finally ended up in the ginormous mess we find ourselves today.
We know the global financial system is broken, admitted even by the likes of Blackrock as long ago as 2019: https://austrianpeter.substack.com/p/a-perfect-storm-the-money-crisis?s=w
The banksters' solution of course is CBDCs - 'The Great Reset' but they have missed the failure of our energy systems: https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-the-end?s=w
This is what their vision of a CBDC-driven global government looks like - many countries are testing these new systems already:
https://www.youtube.com/watch?v=NXyzpMDtpSE
Our defence is to sidestep their virtual, techy systems which rely entirely on our compliance, and go local. I think you have read my 'Localisation' article. However that one stimulated Alec Schaerer to cooperate with me and which I then posted as our joint article: https://austrianpeter.substack.com/p/notes-and-thoughts-on-reading-an?s=w
Even HMG were advised by a consultancy last year which, as usual, they buried in the caverns of White Hall: https://www.gov.uk/government/publications/human-augmentation-the-dawn-of-a-new-paradigm Note Matt Hancock's involvement via WEF.
Thank you so much HH for your valuable input - much appreciated