Climate Change Is All About Money for Big Banks
Tom Shepstone
Shepstone Management Company, Inc.
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Climate change has become the excuse for a big bank scam that aims steer trillions annually into their coffers from the accounts of everyday citizens everywhere.
The wonderful JoNova, from whom I’ve shared many insights with our readers, gets it. She understands it’s not ideology, and certainly not science, that drives the climate change movement but money; gobs and gobs and more gobs of money extorted from the citizenry, whether it’s the ratepayer, the taxpayer or the loan payer. We’re talking trillions of dollars per year of grifting opportunities, particularly for the global big banks who are, effectively, masters of the universe today.
Yes, JoNova has put it all together with a recent post delving into how those trillions are being made on the backs of everyday people, a template for everywhere big banks operate and that’s everywhere across the globe. The story begins, though, with an article she called to attention a while back; a Financial Post piece from six years ago. Here is the headline a couple of paragraphs:
The trillions needed to fund global carbon reduction commitments in the coming years is a big opportunity for investors, Bank of England Governor Mark Carney said Friday in a speech to Toronto’s financial community.
Carney, formerly the Bank of Canada governor, spoke at the Toronto Region Board of Trade with Catherine McKenna, the minister of environment and climate change. He said that given the enormous funding needs for clean infrastructure — he estimated at somewhere between $5 trillion and $7 trillion a year — investment opportunities will abound.
The power now being exercised by these big banks in the name of climate change is the biggest scam ever by the biggest scammers ever, as JoNova explains:
The three largest asset managers in the world are BlackRock, State Street, and Vanguard. They swept up the retirement money left unwatched in accounts Big-Government forced everyone to have. The Big Three now manage $20 trillion dollars combined. They also happen to want to end fossil fuel use and save the world — because they are nice people, right. So we face the dilemma — The citizens rejected NetZero, but the citizen’s money gives the power to men like Larry Fink, head of Blackrock, to harrass the boards of oil and energy companies in order to get NetZero through the back door.
To appreciate how influential these monster funds are, ponder that they are the largest shareholders in nine out of ten of the S&P 500 Index companies and lately, they have been buying up US power utilities.
These funds joined the climate activist clubs (like GFANZ), and made their political ambitions clear. Despite that screaming potential conflict-of-interest, the government agency that was meant to stop this sort thing (FERC) gave special approval instead. Apparently BlackRock and Vanguard were allowed to buy as much as 20% of some public utilities if they just promised to be “passive” investors who didn’t use their shares to influence management. Who needs fences, just ask the fox not to eat the chickens OK?
Imagine if someone managing a galactic-blob of money made decisions about your energy grid, and what your electricity will cost, and you got no say in it? Government by Oligarchs? They won’t care what your electricity bill is.
She also links to a previous post explaining how big banks have bullied Australians and are now trying to bully everyone else into net zero so they can make their trillions. It’s all phony—every bit of it—and it’s really about establishing a new global order at the heart of which is an unholy alliance between big banks and other “bigs” with government; pure corporatism or the new fascism as it’s more properly described.
The corruption quotient increases significantly each time we step up a rung on the ladder of civil society organization. The family is the least corrupt and the globalist institutions we have created are at the top, the worst among them being the likes of these big banks. Until we recognize this essential fact—that corruption of all our major institutions is endemic—arguments over ideology, science, politics and all the rest are merely distractions. Climate change as an issue is such a distraction, only an excuse to scam the citizenry, perpetuate power and make trillions of dirty money.
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