SVB Bank Failure Not Just About Treasury Bonds, Leadership Prioritized Woke "ESG Investing" and Policies Over Depositor's Interests
ESG investing and its ties to the WEF explained.
UPDATE - Regulators shut down Signature Bank of New York, Details Below.
SVB leadership started shedding their stock in recent weeks including CEO Greg Becker, Chief Marketing Officer Michelle Draper, Chief Operations Officer Phil Cox, and General Counsel Michael Zucker.
Forbes named SVB as one of the best banks five times. CNBC’s Mad Money could not say enough good things about SVB. Moody’s downrated SVB to Grade A1 just a week ago, which is still a good rating. Like FTX, it seems SVB had a great public relations department. Are our institutions and regulators being rendered useless?
SVB had programs monitoring their carbon emissions, all female ski retreats for empowerment, were fixated about climate change, had a fancy web site bragging about their ESG compliance reports and virtue signaled their wokeness to all who would listen.
In another display of SVB’s sensitivity, when SVB depositors came to get their deposits, managers called police...
ESG is an agenda pushed by the global progressive elite such as the World Economic Forum (WEF). They are using your investment and retirement money for the advancement of who they call “stakeholders” - NOT stockholders. It sounds like stockholders which is why whenever you hear Klaus Schab and other WEF members talking about this at DAVOS they use this term to confuse you.
Stakeholders are political operatives and pressure groups pushing the most extreme policies of the Democratic Party including a social credit system similar to that being used by the Chinese Communist Party. Many banks and investment firms such as BlackRock and Vangard have gone all in on ESG. Do a Google search on your bank’s name and ESG to see if yours has been taken in. ESG investing yields a significant reduction in return for depositors and serves to make the Democratic Party and their allies wealthy at your expense.
The ESG agenda also includes the “Green New Deal” which is the elimination of fossil fuels with nothing effective to replace them, an elimination of half of the world’s farms to create food scarcity, the push to get proteins from bugs instead of meat and to have people live in a pod in a “15-minute planned community.”
You have heard the phrase “You will own nothing and be happy” that is the WEF.
ESG is responsible for the economic collapse of Sri Lanka, food and farm riots in Europe as their governments try to force half of farmers out of work, empty grocery store shelves in Panama and more. Thier leaders have made it clear that they do not care about the economic ruin they are delivering. They are already rich.
Sky News Australia - The Progressive ESG War on Farming:
UPDATE - And what a pretty ESG compliance page Signature Bank has…
Here is SVB’s ESG Page.