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Sep 24, 2022Liked by PROTECT & SURVIVE

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.

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