ESG = Corporatism disguised as Environmentalism! The Death of Fiat Dollars: Global Environmental, social and corporate governance(ESG) regulators begin their destruction of the energy sector – June 23, 2021,
Technology has been an INFLATIONARY force for job creators, so much so that currently entities like Facebook, Twitter, Google, and Youtube are now basically controlling freedom of speech. Now, although I consider this big tech monopoly a bad thing, social media is currently a cash cow and it’s an example of TRUE inflation that was created primarily based on demand from private investment.
Now, true environmentalism is also inflationary, one of the main reasons we can enjoy the wonders of technology revolves around fossil fuels, which prior to this newly formed ESG Cartel was driving down the cost of production. Well, now, that system appears to be ending and this spells huge problems for both the Western World as well as the Third or emerging world because going green is VERY EXPENSIVE.
How these ESG corporatism scheme is going to work in a nutshell is if you’re a private business and you’re going to use or consumer fossil fuels, you’re going to have to invest in what this ESG government cartel deems are green alternatives.
Now, despite how you feel about this, corporations are going to purchase these carbon credits, and what this ultimately equates to is a cost of living increase, not only in the Western World but in the Third world, which is going to ACCELERATE poverty. If private companies are going to be encouraged to spend money they’d otherwise invest in more efficient means of production into these currently inefficient and often DIRTY green alternatives, this is going to lead to economic deflation that the world doesn’t even understand yet.
ESG would never work under a Gold Standard (Money is a convenient form of Barter)
Now, although the world is floating on this Euro-Dollar standard, it’s important to understand that a gold standard works because it was based on barter convenience. Money is bartering, it’s just a more convenient form of bartering. Currency, fiat dollars or political money is based on confidence and even fiat money has its limitations because if fiat money becomes limitless, it becomes extremely hard to value things.
Now, for some people, they’ll argue well if the private sector starts charging too high a price the government will enact price controls? But you see there’s a cost to doing business and those costs will depend on each, country, State, Province, city, or town, and price controls and price distortions disincentivize investing into certain sectors.
As an example, in many parts of Canada, there are Condos, where rental housing should be, the reason for this, is that there Price controls in many parts of the Canadian rental market, and these price controls, don’t exist in the condo market, in fact, in some instances, the Strata/maintenance fees for a Condo exceed what an investor could make with rental housing, with the less government involvement, because after all people own condo units,
whereas rental housing is regulated to the point that it could make a rental property unprofitable in an upmarket.
When the government gets involved in anything, prices for things rise and ESG is HUGE, I get it that Global Environmental, social and corporate governance isn’t making much news, because most people don’t understand it, but this is going to cause MAJOR deflation to the global economy.
People tend to forget why Europe clings to the Euro-dollar system, it’s because Europe for the most part is a failure, the Eurozone is an admission that most European nations are economic failures. Now what I’m saying here shouldn’t be confused with INDIVIDUAL Europeans being incapable of producing a profit, the issue with Europe has always been the centralization of power into a few hands.
So if a European private business finds a way to lower its costs in order to become profitable, even if they do so in an ethical way, what their centralized system does to generate more tax revenue to grow the size of their governments is create a new enemy to destroy.
The new enemy is the fossil fuel industry and the big government corporatists’ solution is Environmental social and corporate governance AKA ESG. Corporatism is Fasicam without firing a single shot! Fascists openly nationalize industries, not so with Corporatism, corporatism forces the private sector to move in the direction the government wants it to move in.
With this ESG scheme, it’s basically a tax for disobeying government edicts and it’s going to lead to some interesting events in the future all of which are deflationary and will force governments to debase their currencies.
Now, the reason most smart people hoard Gold has NOTHING to do with cashing out their Gold for fiat dollars. This is why I’m often annoyed with most Gold Bugs, who talk people into buying gold for fiat gains. That’s not how this works, what happens is history is plagued with instances in which no dominant currency exists and the way governments get people to trust particular currencies is to repatriate those currencies with Gold.
That’s how this game works because again REAL money is nothing more than BARTERING. When a government as an example creates a FEDERAL minimum wage, it’s actually a TAX on an employer. One of the reasons the great depression was prolonged and never ended until Americans went to war had to do with the U.S dollar being backed by Gold and Franklin D. Roosevelt artificially raising the COST for private businesses.
Now, what actually exposed FDR’s stupidity was when he made Gold illegal for Americans to own, while behind the scenes he was debasing the value of the U.S dollar, for the record, this didn’t work either. What gave America a TEMPORARY stimulant was the war and Americans WILLING to pay additional taxes to finance the war.
Well, as we all know once the wars began declining other nations saw the coming end to the U.S dollar, so to prevent the U.S dollar from collapsing Richard Nixon did what is now known as Gold Shock
Once U.S dollars were no longer redeemable in Gold and Gold was no longer illegal, two new markets were created, the private gold market and the Euro-dollar system. Now, why countries subscribe to the Euro-dollar system is simple, The U.S military saves a lot of countries a lot of money.
But worse than that and I like to point this out, the cost of living in America prior to these ESG regulations being implemented is already becoming unbearable for many Americans, who day by day are being stripped of their morality, via politicians who are now OPENLY creating these corporatist welfare schemes.
If the U.S consumer is unable to consume, which is what this fiat system is based on, the entire global economy crashes. Now, what’s already happening in America is loan forgiveness and free money from the Federal Government. What Welfare does is it accelerates problems, because if I know I will be rewarded for bad behavior and I have zero morals, I may decide to make being unproductive my life’s mission and this is how bad money chases out good money.
Because as a business owner myself, I don’t like targeting people who are on Government assistance, if I own a rental property as an example, and my income is reliant on people who don’t work for a living, these people are often destructive, because not only do they not respect property rights, they’ll imagine me the landlord as some sort of oppressor.
I use this small example because if the private sector is incentivized into these green credit schemes, they’re likely to invest in things that will actually make our lives better and this equates to deflation. Government Printing fiat money that doesn’t invest into making the world better, is also deflationary, but in fiat money terms it could equate to HYPER-INFLATION.
Because as was the case with Venezuela, once the government began nationalizing industries, certain industries simply left or they changed their business model. Why manufacture things, when I can buy stocks or carbon credits guaranteed to rise in value
Global regulators to introduce first oversight of ESG raters | financialpost.com
Interesting times ahead!