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Woke Investments

The Biden-Harris Regime Quietly Changes Rules to Incentivize Financial Advisors to Put Your Money Into Woke Investments EVEN IF IT LOSES MONEY

by JD Rucker
December 6, 2022
in News
Reading Time: 2 mins read
0
The Biden-McCarthy-Schumer era has begun, which means your wealth or retirement is in jeopardy. The smart money is getting physical precious metals sent straight to their door and rolling over their retirement to self-directed IRAs.

It’s no secret that the Biden-Harris regime and their puppetmasters among the globalist elite cabal absolutely hate us. They despise us as useless eaters who must be depopulated or controlled for them to achieve their nefarious goals of The Great Reset, the 4th Industrial Revolution, Build Back Better, the Green New Deal, the Liberal World Order, or whatever label they slap on their machinations in the future.

Now, they’re proudly declaring this hatred by prompting financial advisors and retirement institutions to move your money to ESG companies. Moreover, they lifted rules requiring them to try to make you money. In other words, they can lose money for YOU and still make money for themselves as long as they’re investing in wokeness. You can’t make this up, but apparently someone among the powers-that-be did anyway.

According to Jeff Murdoch at The Washington Times [emphasis added]:

The Biden administration has quietly finalized a rule allowing employers to funnel workers’ 401(k) funds into investments that support woke causes that address issues such as climate change and diversity.

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The Labor Department recently approved the rule affecting roughly 150 million workers and $10 trillion in assets covered under the Employee Retirement Income Security Act of 1974.

The rule says asset managers and retirement plan administrators should consider environmental, social and corporate governance (ESG) factors when selecting investments. That would encourage money managers to balance financial returns with investments that support wind and solar energy or have diverse boards of directors.

The rules also remove a restriction blocking employers from using an ESG fund as a default option for workers automatically enrolled in 401(k) plans. That means workers could be supporting causes that don’t align with their political views.

It also rescinds Trump-era regulations that require retirement plan administrators and asset managers to choose investments based solely on participants’ financial interests.

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This is just another reason why I STRONGLY recommend everyone of all ages move their wealth or retirement into a self-directed IRA. Don’t let advisors and retirement companies quietly compel you to lose money on woke investments even as they make more money thanks to the Biden-Harris regime’s priorities.

It’s a “best practice” to accumulate long-term food storage over time. For some, it’s better to just get it all at once. Buy 364,720 Calories of delicious food today. Heck, buy two.

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Why We “Moderate” a Commentor’s First Post

Tags: EconomyESGFinancial AdvisorsInvestmentsLedeRetirementShow NotesStickyTop StoryWashington Times
JD Rucker

JD Rucker

I'm a Christian, husband, father, and patriot in Southern California. I'm also an independent journalist who operates several sites, including NOQ Report, Conservative Playlist, Based Underground, and Uncanceled News. I am editor at The Liberty Daily, co-founder of Freedom First Network, and co-founder of Prepper Organics. You can find me on Substack at America First Report, Late Prepper, and End Medical Tyranny. Contact me via email with any questions. jdrucker (at) substack (dot) com

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