Your government was fixing to auction off your real estate—including national parks, farmlands, precious ecosystems, and natural resources—to the highest bidder.
According to a recent report by Elizabeth Nickson, the highly-credentialed journalist behind the Welcome to Absurdistan blog, there was a new federal rule set forth by the Securities and Exchange Commission (SEC) this past October is set to be implemented in November of this year—this rule would have seen public federal lands, including national parks and wildlife refuges, traded on the New York Stock Exchange. Here are the details, from Nickson:
If not stopped, on November 17th, the U.S. government will pass a rule that allows for America’s protected lands, including parks and wildlife refuges, to be listed on the N.Y. Stock Exchange. Natural Asset Companies (NACs) will be owned, managed, and traded by companies like BlackRock, Vanguard, and even China.
On October 4th, the Securities and Exchange Commission filed a proposed rule to create Natural Asset Companies (NACs). A twenty-one day comment period was allowed, which is half the minimum number of days generally required. NACs will allow BlackRock, Bill Gates, and possibly even China to hold the ecosystem rights to the land, water, air, and natural processes of the properties enrolled in NACs. Each NAC will hold ‘management authority’ over the land.
Filthy bastids.