Something flew under the radar on Monday that should give everyone a reason to wonder if your pension is safe from Climate Change.
In case you missed it, our resident Brandon vetoed a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing.
And the veto has effectively allowed the District of Caligula to seize your pension and expropriate it while directing it to invest in their failed green “Climate Change” agenda.
Translation: “In Plain English” the bill
directs encourages Pension Managers to invest in “GREEN” projects for political reasons.
That’s like saying they can force your investment manager to invest in criminal enterprises and you can’t do anything about it.
And the fact that it was soooo Unconstitutional that even two Democrat Senators voted with Republicans to overturn the rule on March 1st.
But Stinky Joe said, NO with his Veto.
This goes beyond Unconstitutional to the point of being down right criminal.
Hijacked and Not Safe from Climate Change
Has anyone thought to ask: “Has this ever worked in the past?”
The answer is a resounding NO!
Because IF they did, they would remember the biggest pension failure in history.
Cue up the California CALPERS, pension system for state employees, which was directed to invest in “GREEN” projects for political reasons.
And they lost bigly.
Ironically (or NOT) they have been trying to cover-up their politically correct investment decisions ever since.
In addition to expropriating your pension fund for their agenda this is in clear violation of the “Taking Clause” of the 5th Amendment which states “Nor shall private property be taken for public use, without just compensation.”
And what’s really crazy about this is how O’Biden has undermined everyone’s retirement savings by making it illegal to consider risk factors.
Not only does that not make good investment sense but it’s outright stupid.
Simply stated, these boyz are out of control.
As a result of this veto, O’Biden and Democrats will use your retirement funds to fund their radical leftist agenda.
IF you haven’t already done so, you should reconsider owning mutual funds, ETF’s and 401k options that limit your investment choices to only funds and ETFs.
Your fund/ETF manager may be forced to buy the GREEN garbage and you could end up like all the pensioners from the CALPERS disaster.
You will be far safer by owning individual stocks…if your retirement fund allows it.
And you’ll be better equipped to profit from The Most Hated Bull Market in History.
Learn more about it (HERE).
And share this with a friend…especially if they’re loaded up on mutual funds and ETF.s
They’ll thank YOU later.
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