Posted on 07/28/2022 10:05:03 AM PDT by MtnClimber
Larry Fink really has let all of those trips to Davos go to his head.
In what is, so far as I know, the BlackRock CEO’s most recent act of public grandiloquence, he and BlackRock have urged the Securities & Exchange Commission (SEC) to modify its proposed greenhouse-gas emissions disclosure rule.
That standard Fink megalomania comes not from the request itself, but from its grounds. He does not ask that it be withdrawn because it is illegally beyond the SEC’s statutory remit, though it surely is, especially in light of a recent U.S. Supreme Court ruling. He doesn’t seek its withdrawal because it will create massive expense for no possible benefit, though that’s true too. He doesn’t even oppose the rule because it will harm small farmers, small businesses and small investors while aggregating wealth and opportunity to his own private-equity class. (Well, no: of course not that.)
Rather, Fink’s objection to the rule is that it deviated from the disclosure demands that have issued from him – from him and from Mike Bloomberg and from the self-appointed New Ruling Class – embodied this time as the Task Force on Climate-Related Financial Disclosures (TCFD). These new malefactors of great self-regard, you see, don’t care for it when representatives of elected government dare to contradict the commandments of the World Economic Forum (WEF) set.
Mind you, the SEC’s proposed rule does violate its statutory authority; it does violate the Commission’s basic responsibility of assisting Main Street shareholders and smaller corporations in the capital markets; it is vastly costly, entirely pointless and wholly biased. The TCFD proposals are also immensely costly and entirely pointless and biased (in favor of politicized decarbonization, against basic technological and economic reality) though, and they come without any statutory or moral authority at all.
(Excerpt) Read more at realclearmarkets.com ...
Never mind that the greenhouse gas marxist hoax is just a computer model where the government-paid “scientists” put offsets into the REAL measured data to make it match their climate model computer models that were designed to show warming. The issue is never the real issue. The real issue is megalomaniac, narcissistic desire to rule over everything.
He’s one of those people who could disappear tomorrow and the world would be a better place, he not only supporting this ESG nonsense but he’s also heavily invested in China the money from American pension funds
He envies the totalitarian power that the Chinese wield over their citizens. He wants some of the power over life and death for himself.
And THAT is the same China experiencing bank runs at this very moment.
Fink - a very appropriate name.
Seems a lot of multi-national corporations feel the same way. They like how profitable workers in a communist country are and want to see the whole world run that way, hence their love of the WEF.
There needs to be a “Federal Supervillain Control Act”, for those of wealth and power actively trying to subvert republican-democratic governments with their wealth and political influence, both directly and through NGOs that they fund.
It would incorporate a large list of activities, many of which are legal, but in combination are “civilization cancer.”
Lawsuits deriving from such an act would be directed at individual Supervillains, their families, henchmen, and NGOs engaged in such mischief.
How does one man using his great wealth to subvert public policy to his whims not “threaten our democracy” as the lefties would say?
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