ESG Regulations Are HERE!! How They Will Affect YOU!!

ESG regulations that label food Production as high risk sounds crazy Right Well in January the eu's controversial ESG regulations came into force and They've been described by their Proponents as the most ambitious yet And if that wasn't crazy enough the Provisions in the regulations don't just Apply to companies in the EU they apply To non-eu companies which work with EU Companies and possibly even to Consumers As well today I'm going to explain the Eu's ESG directive tell you which Provisions are most troubling and reveal Why the elites are so obsessed with ESG Firstly a bit of a recap ESG stands for Environmental social and governance and It defines an investment Trend that's Been pushed by Financial Elites since The start of the pandemic in short ESG States that environmental social and Governance issues are more important Than production output or profits Logically this imperative is Incompatible with basic economics Purposely pursuing more expensive energy Sources hiring people based on their Personal identity rather than their Abilities and letting governmental and Non-governmental organizations make Business decisions is a recipe for Disaster esg's incompatibility with Basic economics is why it's more

Accurate to refer to ESG as an ideology Rather than an investment methodology Any company that complied with ESG Criteria would quickly find itself out Of business this is why the ESG ideology Was mostly ignored for the first 15 Years of its existence if you watched Our first video about ESG you'll know That the term was coined in a 2005 Report written by the United Nations the World Bank and the Swiss government You'll also know that ESG criteria were Inconsistent and unclear which Contributed to their lack of adoption Among businesses now this all changed in Mid-January 2020 when BlackRock CEO Larry Fink wrote an open letter to all The shareholders of the companies the Asset manager is invested in ordering Them to comply with ESG for context BlackRock is the largest asset manager In the world with 8 trillion dollars in Assets under management In late January 2020 the world's Elite Gathered in Davos Switzerland for the World economic Forum or West's annual Conference there the big four accounting Firms standardized ESG criteria with the Help of an organization headed by Bank Of America CEO Brian Moynihan who is Another key ESG player if you watched Our video about digital ID you'll know That ESG criteria have since become Synonymous with the un's sustainable

Development goals or sdgs now for Reference the sdgs are a set of 17 goals Which are supposed to be met by all 193 U.N countries by 2030. the overlap Between ESG and the sdgs comes from the Strategic partnership the weft signed With the UN in the summer of 2019. the Announcement states that the weft will Help quote accelerate the development of The sdgs in other words they will Provide the private sector funding and Compliance Besides the development of digital ID Sdgs mandate the development of things Like smart cities Central Bank digital Currencies or cbdcs and carbon credit Scores to track and reduce your Consumption all these Technologies are Being developed by companies closely Affiliated with the wef but as I Mentioned a few moments ago ESG is Incompatible with basic economics This begs the question of why the Private sector is on board well the Short answer is artificial profits Companies which comply with ESG get lots Of investment from asset managers and Better loan terms from Mega Banks Companies which refuse to comply with ESG see Investments pulled and risk Losing access to financial services Altogether meanwhile on the public Sector side they risk unreasonable Regulations and bad press from

Governmental and non-governmental Institutions working with these asset Managers and mega Banks this terrifying Situation comes from the unnatural Accumulation of wealth caused by a Financial system where Limitless amounts Of money can be created tldr asset Managers and mega Banks borrow lots of Money at low interest rates then use This money to buy assets and influence And push their ideologies make no Mistake the ESG ideology would not exist In a sound money system it would not be Possible now although the ESG push has Come primarily from private sector Entity is affiliated with the weft there Are a few public sector exceptions and The biggest one seems to be the European Union or EU lo and behold the eu's ESG Initiatives have their roots in the Next Generation EU pandemic recovery plan not Surprisingly the implicit and explicit Purpose of Next Generation EU is to help All European countries meet the un's Sdgs by 2030. the recovery plan is Expected to cost over 1.8 trillion Euros In other words it provides the public Sector funding and compliance Complementary to the wefts initiatives One-third of all this printed money will Fund the eu's green deal which was Likewise announced at the start of the Pandemic now to give you an idea of just How ideological the green deal is one of

The three goals noted on its website is To ensure that quote economic growth is Decoupled from resource use This impossible goal is why it's Appropriate that the eu's ESG regulation Is part of the green deal the ESG Regulation in question is called the Corporate sustainability reporting Directive or csrd it was first Introduced in April 2021 was passed in November 2022 and went into Force this January there are just two caveats here The first is that the csrd is Technically a directive not a regulation Whereas an EU regulation requires all EU Countries to comply with the EU law as It's written an EU directive allows EU Countries to adjust the EU law and take Their time rolling it out confusing I Know this ties into the second caveat Which is that going into force and being Enforced are two different things while The csrd went into Force this January it Won't actually be enforced until 2025. In fact the ESG reporting standards Themselves won't even be published until June this year to clarify ESG reporting Standards will be published in June in 2024 EU companies will start collecting Data using these standards in 2025 this Data will be reported a spokesperson for The agency tasked with setting these Standards recently specified that over 1 000 ESG data points will need to be

Reported In a December 2021 interview one of the Architects of the csrd revealed that the Purpose of the directive is to quote Bring sustainability reporting to the Same level as financial reporting he Also revealed that all of the reported Data will have to be digitized and this Won't be easy or cheap naturally failure To comply with the eu's ESG disclosures Will result in sanctions which should be Quote effective proportionate and Persuasive The csrd will require governments to Publicly shame the companies that didn't Comply order them to stop violating ESG Criteria and of course find them the Csrd is expected to apply to around 50 000 companies operating in the EU but The real figure will probably be much Higher this is in large part because of The absurdly low bar for what counts as A large company an EU company counts as A large company if it meets two of the Following three criteria it takes in More than 40 million euros per year Has more than 20 million euros worth of Assets and or has more than 250 Employees publicly listed EU companies Will also be required to comply with the Csrd regardless of their size moreover The csrd will also apply to non-eu Companies which meet the following Criteria

Takes in more than 150 million euros Each year for a two-year period And has a subsidiary in the EU or has a Branch that takes in more than 40 Million euros each year Another big reason why the csrd will Apply to more than 50 000 companies is Because of extremely concerning Provisions in the csrd which as I Mentioned in the introduction could Apply to small and medium-sized Businesses inside and outside of the EU And possibly even to Consumers the most Problematic provision is called double Materiality as per big four accounting Firm KPMG double materiality quote Requires companies to identify both Their impacts on people and environment Impact materiality as well as the Sustainability matters that financially Impact the undertaking Financial Materiality now double materiality Sounds like yet another buzzword at First listen and its definition sounds No different however these two Meaningless words open the door to Forcing small businesses medium-sized Businesses and possibly even consumers To comply with the csrds ESG reporting Requirements this is simply because Double materiality requires companies Directly affected by the csrd to collect ESG related data from individuals and Institutions which lie upstream and

Downstream from their actual business Operations So let's use the example of a car Company to explain just how problematic This is okay suppose you're a car Manufacturer in Europe that falls under The csrd making cars requires lots of Raw materials but let's say the biggest Components are steel plastic and rubber Imagine you buy your steel from a Russian company your plastic from a Chinese company and you'll rub up from a Thai company it's January 2024 and the Csrd has gone into Force this means that You have to start collecting extensive ESG data in addition to your own ESG Data you have to ask your largest Suppliers to give you their ESG data Because of double materiality note that This is just the Upstream part of the Provision Now by this point you've made Some cars that were sold through car Dealerships and purchased by EU Individuals and institutions because of Double materiality you must ask your Largest consumers to provide their ESG Data for your reporting purposes this is The downstream part of the provision So fast forward to January 2025 it's Time to report your digitized ESG data Unfortunately you couldn't collect any ESG data from your largest suppliers and Only collected some ESG data from your Largest consumers fortunately you don't

Get fined because the EU went easy on Companies for the first year there's no Evidence that the EU will go easy on Companies in the first year but let's Roll with it Now because you're determined not to get Fined in 2026 you decide to switch Suppliers for your steel plastic and Rubber and become more selective with Whom you sell to this puts your car Company into bankruptcy but BlackRock Invests new and Bank of America gives You a loan so you stay afloat it's now January 2026 and this time you manage to Get all your largest suppliers and Consumers to provide detailed ESG data There's just one problem they all scored Poorly on ESG they don't use enough Renewable energy their workforces aren't Diverse enough and they're not members Of the weft remember environmental Social and governance BlackRock and Bank of America see your Annual ESG report and inform you that They won't be able to provide any more Financial support unless you force your Suppliers and consumers to improve their ESG scores They're kind enough to provide you with A list of ESG compliant suppliers and Consumers as expected most of the list Consists of companies that only exist Because they've likewise received Extensive financial support from

BlackRock and Bank of America you notice That a few companies on the list are not ESG compliant they're just good friends With the UN and the weft so they get a Pass You decide to take the high road by Convincing your existing suppliers and Consumers to improve their ESG scores Because you'd rather work with them than Some un or wef crony Company by some Miracle you succeed but you encounter Another problem related to another So-called stakeholder you forgot that Under the csrd you don't just answer to Governments and investors you must also Answer to the so-called silent Stakeholder which is nature itself Believe it or not but it's the unelected And unaccountable ngos which represent The interests of nature under the csrd It turns out that someone at the World Meteorological organization or wmo heard That you read their now deleted article About weather modification being done in Over 50 countries as of 2017. they've Also heard that you're not convinced That ESG compliance will ever fix the Environment because of this fact they Even know that you've been sharing a Downloaded video from coin Bureau Breaking down the facts about weather Modification before it was deleted from YouTube in compliance with the eu's Online censorship laws which went into

Force in the summer of 2023. this is a Real thing by the way Because of this the wmo gives you a low ESG score and since nature is the most Important stakeholder BlackRock and Bank Of America stop providing financial Support and your company finally goes Bankrupt you tried so hard you got so Far but in the end compliance got you Nowhere note that you can check out our Video about weather modification using The link in the description Anyways if that elaborate example didn't Make it clear enough the csrd has the Potential to impact individuals and Institutions around the world large Companies in the EU will bear the brunt Of the burden the time and money it will Take for them to report ESG criteria Will be a massive expense any small or Medium-sized businesses which lie Upstream or Downstream from these large Companies will likewise be required to Report and the expenses for them will be Even greater in percentage terms never Mind the costs and the surveillance that Will come with digitizing all this Sensitive ESG data and that's not all if You watched our summary of the wefts DeVos conference in 2022 you might Recall me summarizing an ESG panel where The panelists said that small and Medium-sized businesses will eventually Have to comply with ESG if they want to

Get Investments and Loans from financial Institutions one of the panelists gave An example of compliance with the social Criteria of ESG stating that small and Medium-sized businesses must pay their Employees a quote Fair wage this is code For paying their employees as much as a Big business can which small and Medium-sized businesses often cannot do With the csrd applying pressure from the Public sector side and ESG investing Applying pressure from the private Sector side it's more than likely that Many small and medium-sized businesses Affected will go bankrupt now as far as The elites are concerned big business Taking over everything was always Inevitable The only things that will protect small And medium-sized businesses from going Under will be investments from asset Managers loans from Mega Banks and Grants from governmental authorities This will give them the power to pick Winners and losers based on their Compliance with the ESG ideology not on Output assuming this ESG ideology Continues to grow we could very well see A scenario where businesses are Occasionally prevented from providing Goods and services to Consumers on ESG Grounds excuses could include things Like climate change social inequality And the inability to track what's been

Purchased again basic economics says This would not be sustainable but Printed and borrowed money would make it So the EU could achieve its goal of Having economic output with zero input It would just be numbers on a screen Going up with inflation kept in check by Capital controls on digital currencies Quality of life would quickly crater as No actual inputs means no actual outputs There would be frequent and chronic Shortages of critical goods and services Which the elites will blame on the same Crises that ESG claims to solve real Inflation if it's allowed to be Discussed at all will be off the charts So this brings me to the big question And that's why the elites are so Obsessed with ESG well the answer is Obvious when you realize that the Primary byproduct of ESG policies is What I just mentioned a few seconds ago Inflation ESG policies create inflation And that's why the elites are so Obsessed with ESG in case you haven't Noticed the wealthiest individuals and Institutions have trillions of dollars Of debt that they can't ever hope to pay Back by now you'll know that most of This debt was used to buy assets and Influence all to push dystopian Ideologies which go against the natural Laws of economics in theory most of the Issues that ESG seeks to fix could be

More easily fixed with a sound money System saving is incentivized the Accumulation of wealth is hard and Harmful ideologies are harder to finance In practice this would mean the Elite's Default on their debts and lose all Their assets and influence that's why There's only one solution in their eyes And that's to centralize control so Intensely that it becomes impossible for Them to default This requires controlling where you go What you say and how you spend when you Step back you'll realize that this is The true purpose of the sdgs and of ESG Now the Silver Lining is that the elites Are unlikely to succeed in implementing ESG policies if you want evidence of This look no further than last summer in Autumn when Energy prices were through The roof Anti-esg rhetoric went through the roof With them because people knew ESG was The ultimate cause funnily enough ESG Saw a comeback after Energy prices fell But this isn't going to last long That's because the fundamentals of the Energy Market still haven't been Addressed there's a huge lack of Supply Relative to demand and energy companies Are reluctant to expand in the face of ESG opposition when energy driven Inflation comes back and it will ESG Will become Public Enemy Number One

Again and rightfully so when Energy Prices Spike you'll see governments Declare oil natural gas and nuclear Energy as green and spend half a Trillion dollars to burn dirty coal to Keep the lights on like Europe did And that's just what will happen in the Developed world in the developing World Entire countries will go under there'll Be revolutions and mass migrations and All those angry people will know that ESG is ultimately to blame this will Lead to Global instability which will Thwart the UN and the wefts plans now The elites are hyper aware of this which Is why they're trying to move quickly to Take control of everything before the Purchasing power of their filthy Fiat Currencies goes completely to zero they Will fail because people will opt out of The current system when they start to See it closing in on them they are Locked out by adopting alternative Technologies like cryptocurrency which Have been in development for years in Preparation for this exact transition As Fiat currencies implode the current System will collapse and an alternative System will emerge Let's hope it's different next time Around Thank you all for watching folks please Like And subscribe consider sharing this Video and look out for the next one I

Will see you then [Music]


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