Came across this from Utah with citation to SEC:
BREAKING : The New York Stock Exchange (NYSE) has withdrawn its proposal under consideration by the Securities and Exchange Commission (SEC) that would have allowed for the creation and listing of a new type of company called Natural Asset Companies (NACs) for public investment.
The Notice of Withdrawal can be accessed here: https://www.sec.gov/files/rules/sro/nyse/2024/34-99355.pdf.
Here’s an explanation of NACs by the Utah State Treasurer, we have to stay vigilant. They will try to do it in another fashion/subterfuge.
https://treasurer.utah.gov/natural-asset-companies/
Excerpt:
Treasurer Oaks opposed a New York Stock Exchange (NYSE) proposal that was under consideration by the Securities and Exchange Commission (SEC) that would allow for the creation and listing of a new type of company called a Natural Asset Company (NAC) for public investment. The proposal posed a significant risk to rural economies by creating a mechanism for public and private land to be permanently removed from productive use in the name of solving climate change.
“The proposed creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our country,” Treasurer Oaks said. “Under the proposal, private interests, including foreign-controlled sovereign wealth funds, could use their capital to purchase or manage farmland, national and state parks, and other mineral-rich areas and stop essential economic activities like farming, grazing, and energy extraction. Recreating on Utah’s incredible natural lands could also face significant curtailment.”
Unlike other types of companies, the purpose of a NAC is to maximize the value of the land’s “ecological services,” rather than generate a profit from traditional activities. “Unsustainable extractive activities” including energy extraction and the use of farm machinery and synthetic fertilizers, would be prohibited on NAC-managed land.
In western states, where the federal government owns more than half of the land and is pushing for more conservation easements, the effect could be devastating. Natural Asset Companies could enroll the easements without the landowners’ consent.
Treasurer Oaks said, “I am pleased by the NYSE’s decision to withdraw this dangerous proposal. I appreciate the efforts of so many to provide input to the SEC, NYSE, and their elected representatives. This news illustrates the impact of public engagement on important issues. It is my hope this news signals an end to this horrible idea and that it does not resurface in other venues.”
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There are numerous citations at Utah link explaining the NACs. But the SEC, NYSE and their banksters will lurk in the shadows waiting to reintroduce it again.
In my previous comment the cited and excerpted article on how they are implementing it in South America, if successful, will be a model of how they will try it in the future on the US and other countries. Wall Street, the SEC et al need to be dismantled and obliterated. IMO they are unconstitutional. As is all the federal land owned/controlled by government.
Here’s the link to the article:
“Sustainably” Surveilling and Tokenizing Nature: The Case of O.N.E. Amazon
The architect of BlackRock’s ETFs has teamed up with a group of companies tied to US intelligence and US government debt trading to tokenize the Amazon rainforest and borgify it with a large-scale sensor network in order to create a new form of “digital gold.”
Cantor Fitzgerald is a big player in this and their leader is part of Trump’s transition team.
Went as far down that rabbit hole as I could tonight.
Did notice several interesting characters mentioned with tie ins including:
<> Jeffery Epstein
<> Reed Hoffman - frequent flyer to epstein island + funded nikki
<> Jack Dorsey
Also an interesting reference follows. Is she any kin to Les Wexler?
The firm was co-founded by Patricia Wexler, a Venezuelan-American businesswoman who previously worked with top Disney executives and then Elevation Partners, a significant investor in Facebook, Uber and other prominent tech companies.
I’ll circle back over the labor day weekend
Thanx for the interesting dig.
ThankQ SKM !!!
Here’s an explanation of NACs by the Utah State Treasurer, we have to stay vigilant. They will try to do it in another fashion/subterfuge.
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Thankfully they won’t have time as Trump will be back soon.
PS:
Cantor Fitzgerald is a big player in this and their leader is part of Trump’s transition team.
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Who is the leader, who is part of Trump’s transition team?