How the European Union Could Soon Force America into the ‘Great Reset’ Trap

In June 2020, the World Economic Forum — working alongside officials from large corporations, banks, financial institutions and activist groups — launched a far-reaching initiative that aims to push the “reset” button on the global economy. They ominously called it the “Great Reset,” and since its creation, it has received a massive amount of support from leaders of the ruling class, both here in the United States and around the world.

The Great Reset has two primary components. The first is an expansion of government programs, taxes and regulations, which together affect virtually every industry in the world, from oil and gas to health care and technology.

The second, arguably much more important part of the Reset is the complete alteration of the way most of the world’s largest businesses are evaluated.

In a free-market economy, or even one that heavily relies on markets, businesses are subject to supply and consumer demand. The companies with the best goods and services rise to the top and expand. Poorly run companies eventually contract or even close altogether, freeing up capital and investment for new companies.

Of course, anyone who has been paying attention to public policy and economic developments over the past 50 years knows that a truly free-market system does not exist in America, or most other places. Cronyism, corruption and government manipulation are rampant throughout the U.S. economy, routinely distorting markets and allowing some to unfairly get rich at the expense of others.

Rather than try to improve markets by ridding them of corruption, Great Reset supporters want to double down on cronyism by giving the ruling class — including central banks, academics, government officials, union leaders and corporate titans — greater control over markets.

The way they plan to do this is through something called environmental, social and governance (ESG) standards, which are also sometimes referred to as “sustainable investment,” “inclusive capitalism” or “stakeholder capitalism.”

Under an ESG system, corporations are given scores based on dozens of metrics that go far beyond the quality of a company’s goods and services, its profits and other factors investors and consumers normally consider. With ESG measures in place, businesses are evaluated based on the racial and gender composition of their staff, their carbon footprint, the size of their buildings, how committed they are to fighting climate change and a bunch of other social justice concerns.

After being evaluated, companies are then given (or they self-report) ESG scores that are meant to help investors, regulators and governments have a better understanding of who the “bad” and “good” companies are.

You might be surprised to learn that over the past several years, thousands of companies around the world, including many of the most famous American corporations, have voluntarily adopted ESG scores. One study indicates about 82 percent of all large businesses in the United States already have ESG scores in place.

There are many reasons why businesses have been willing to build substantial ESG systems within their own companies, but the two biggest are money and fear of future government action. Tens of trillions of dollars have already been committed or allocated toward funding ESG businesses and other forms of “sustainable investment,” and investors and financial institutions have repeatedly said in recent months that they will phase out their business relationships with those who don’t support some or all ESG goals.

ESG systems are incredibly worrisome, because those with the power to alter them have the ability to control, or at least significantly influence, society.

When this concern has been brought up in the past, supporters of the Great Reset have said that there is nothing to worry about, because ESG systems are not mandated. Companies and banks are freely choosing to adopt them.

However, the truth is, companies have not embraced ESG systems because they support ESG causes, but rather because they have been coerced to do so, and, even more importantly, because they have known for at least the past year that ESG government mandates were just around the corner. Recent developments in Europe prove these fears were not unfounded.

In March, the Parliament of the European Union passed a resolution that seeks to require nearly all of the EU’s largest companies — and many smaller businesses, too — to adopt and prioritize ESG metrics. And especially important for U.S. businesses and consumers, the resolution would further require that EU companies only work with those who share the European Union’s environmental, social and governance standards.

As the Shearman and Sterling law firm noted in a report about the resolution, “If adopted, all EU Member States will be required to implement the Directive into their national laws. This will result in substantive due diligence requirements being imposed on companies, whether based in the EU or selling their products and services into the EU, across their entire value chain, with potential sanctions for non-compliance.”

It is vital to take note of the term “value chain.” In the resolution, it is defined as “all activities, operations, business relationships and investment chains of an undertaking and includes entities with which the undertaking has a direct or indirect business relationship, upstream and downstream, and which either: (a) supply products, parts of products or services that contribute to the undertaking’s own products or services, or (b) receive products or services from the undertaking.”

This provision would apply to virtually every U.S. business that works in the European Union or has a business relationship with an EU company, giving substantial influence over American society to EU officials.

Although the EU resolution has already been approved in the European Union’s Parliament, it is not yet binding. It first must be formally introduced by the European Commission and the final version approved by representatives of the EU’s member states. However, the support for the resolution in the EU Parliament is a strong indicator that ESG systems could soon become mandated throughout Europe.

This move is straight out of the Great Reset playbook, and, if completely put into place, has the potential to fundamentally transform the world — a stated goal of the highest-profile members of the Reset movement.

This is an important and potentially catastrophic moment for the pro-liberty movement. If Americans and their elected representatives do not push back against the European Union soon, as well as stop efforts to impose ESG systems within America, there will be no way to prevent the Great Reset from becoming a reality.

It all looks like they are setting us up.

I don’t think it will ever happen or work.

1. The US Military is the best in the world, the EU can’t survive long without us.
2. Our economy sets the standards for the world, you won’t be that rich when we are not buying
3. Our culture and influence is the only thing that matters in most of the world
4. The USA can walk away from anything that hurts us, and let them figure out the other options, smarter nations will just ignore the EU and trade and deal with us anyway.
5. We are Oil and Gas, we can survive without any outside need
6. We are the center for innovation, more new ideas and new patents are done HERE than most of the rest of the world.

The USA is the only place to really be anymore, no matter what these psycho nutjob lefties say. If it was better someplace else they’d leave.

The Post WW2 Bretton Woods Accords which created the first world order based upon commerce and freedom of the seas is dying. It was created to contain the USSR. The USSR is long dead. So, American blood, treasure and jobs no longer need to be exported. Tariff free access to the American Market no longer needs to be extended to people who offer us nothing but grief.

Bretton Woods is dying and the world will devolve into a Neo-Colonial order of non-cooperation.

It is laughable that you think this will not happen here.

Our companies have already adopted this. Most of our major companies are totally on board with BLM and ANTIFA.

You cannot see that we live under communism already and all your flailing and gnashing of teeth is as significant as a 3 year old’s temper tantrum at Walmart.

The idea is to transfer wealth to the political elite, as it has always been the plan. Most are too stupid to realize this and believe the transfer of wealth has been for “fairness”.

If China attacks, they will rally the peons to fight in defense of their communist system. Millions of lost lives mean nothing to the political elite. Obama himself said we could absorb a terrorist attack bigger than 9/11.

The Post WW2 Bretton Woods Accords which created the first world order based upon commerce and freedom of the seas is dying.

It was based on the premise that "the dollar is as good as gold" for central bank reserves (freely convertible into gold).

That died when Nixon broke the link. Administrations following him continued to create dollars out of thin air, with the Biden crowd escalating the charade.

Foreign central banks took note, became uneasy, and started replacing the dollar with real money - gold.

Compounding the issue was our penchant to use the dollar as a club by imposing dollar sanctions of those government we deemed enemies. Governments, like people, don't like being bullied.

Hence, one aspect is Basel III, which allows gold to be a Tier One (up from Three) asset for reserves. On the surface this appears to be bankers removing a money maker (gold exchanges that manipulated gold contracts with no gold behind them). The best rumor is that China and Russia told the Bank of International Settlements (the Big Mahoffs) that they would issue gold backed currencies if that crap didn't stop.

Since central banks don't want to lose their power to inflate, they knuckled under.

While the dollar is still "The prettiest pig in the slaughterhouse", it's just a matter of time now. Two or three times after central banks move the decimal to the left "revaluing" their currencies, they will have to back them with gold to restore confidence.

History DOES repeat.

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