PENSIONS, BANKS, AND GLOBALONEY DEBANKING
This important series of articles was spotted and shared by our colleague and friend Catherine Austin Fitts. They concern the efforts of states to "debank" their pension funds from banks that are openly engaged in promoting the agendas of Mr. Golbaloney: climate change nuttery, wokery, and so on. As one might expect, the climate change agenda is front and center in many states where the oil, natural gas, or coal industries are a major component of the state economy:
What's interesting to observe here is the response, as outlined in the first article linked above, that prefers short-term pension-fund profits to the longer-term threat to the very freedoms of those pensioners and their families that continuing to bank with such institutions represents. As responses go, it's an entirely predictable one: so long as the banks only "debank" the guy down the street for writing an unflattering blog about Der Hochklaus Freiherr von Blohschwab und Bloviation, or about the Angry Little Swedish Girl, or Baal Gates' latest quackcination plot or Dr. Fausti's latest mask mandate swindle, it's ok to continue to bank with the "too-big-to-fail" banks, and to ignore their lengthy list of regulatory and financial crimes and the vast sums of money they have paid in fines for said crimes...hence, the search for "loopholes" and "exemptions" so that one can continue to do business with them.
But at a certain point, a threshold is crossed, where said criminal financial institutions are threatening to "debank" people (or deplatform them in the media equivalent), simply for disagreeing with a narrative (usually, a narrative they're promoting and profiting from). As the Lutheran pastor and concentration camp martyr Dietrich Bonhoeffer warned, there will come a point, in other words, for all such pension funds seeking such exemptions, where they cease coming for the social democrat, or the Jew, or the liberal, down the street, and come for you.
So what can really be done?
I suspect that a first solution is to require, by law, an individual "opt-out" right in any corporate pension plan, allowing an individual to retain salary normally deducted and funneled into such pension plans, and to assume personal control and responsibility for their pension and retirement. Why pay money into pension funds managed by a company with a heavy footprint in a corrupt place like the Ukraine, or sponsoring narratives like the planscamdemic, or investing in equally corrupt banks that routinely are fined for breaches of financial regulation? Such opt-out clauses exist in many corporate plans but must be made law.
The second problem is suggested by the first: where does one go to find profitable retirement and pension fund management? And I suspect strongly that the solution is as simple as two words: North Dakota. North Dakota, as most regular readers of this website are aware, has its own state bank, a fact that in practice means that when financial hard times have hit, North Dakota is usually one of the states that weathers the storm comparatively better. Frankly, it's a bit surprising that states like Oklahoma would commit financial suicide by allowing their pension funds to invest- via exemptions in their law - with companies like those on its restricted institutions list to begin with, much less to the extent that a law was required to wake its fund managers up to what was looming over everyone's heads. Why allow an exodus of all that money out of the state? Why not bank it, literally, in a state bank, and in the state. Why send it to companies like Blackrock, where it will be "invested" in some Ukrainian oligarch's latest dacha purchase...?
It makes no sense folks. So if Oklahoma is really serious, it should start a state bank, its own bullion depository, pass laws banning central bank digital currency, and literally start investing in its own state. In other words, if Mr Globaloney can deplatform people for disagreeing with his narrative, or debank others, it is time to do the same to him. The institutions on Oklahoma's revised list are just the tip of the iceberg. Why would any rational or reasonable person want to do business with them?
Answer: I wouldn't, and don't.
Oh... by the way, did I mention that Mr. Zelensky just bought another house.... in Egypt? I wonder where he got the money...?
I'll bet a lot of that money came from pension plans, laundered through taxes, fees, funds, bonds, stocks, and relaundered through the Ukraine, and laundered back yet again...
See you on the flip side...
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