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100% Fed Up Reports: The US stock market has been in a bear market throughout 2022. There has been a $3 trillion loss in U.S. retirement accounts since the end of 2021. Do you know what the investment philosophy is which is governing your retirement account?
Woke American corporations have marched in lockstep to embrace the Environmental, Social, and Governance (ESG) investment philosophy.
This puts green, racial, gender, and other issues ahead of profit and loss investment considerations. Wait, you thought the idea was to enhance your profits and minimize your losses in your 401k or IRA? Think again! Virtue-signaling businesses now pay more attention to stakeholders than you, the shareholder.
What is a “stakeholder”? It is any person or entity which can be affected by your investment dollars. It is anyone who has a financial interest in the performance of businesses, such as employees, creditors, suppliers, and communities.
Stakeholder enthusiasts say that it puts ethics into the heart of the business world. Problem is, who decides what those “ethics” are?
Yes, you guessed it! Elites, globalists, social and economic justice wheelers, and dealers.
Thus, progressive values on race, gender, health care, wages, military, universal healthcare, climate change, corporate regulations, board diversity, gun control, and abortion on demand, to name a few, are decided by those who view life through the “progressive” lens.