XJO 0.55% 7,629.0 s&p/asx 200

Yes, the analysis needs to stop there before we look at the...

  1. 93 Posts.
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    To me, the people pushing ESG are the same ones pushing and benefiting from massive money printing.
    Companies need to remain efficient/productive/innovative in a capitalist system. A boom bust cycle is excellent for clearing out the deadweight. Think of how many people in any given large corporation are NOT productive. Think also about how many are COUNTER productive. Many of those people sit under HR, often diversity/equity/inclusion, which is 50% of the ESG game.
    ESG is the opposite of market driven/capitalist efficiency. ESG is the people that control the credit adding rules to those organisations looking for cheap capital. Unfortunately black Rock/vanguard have a monopoly on it and that is a dangerous position.
    We shouldn't take the operation of critical infrastructure for granted, ie clean water and electricity. Look to California and South Africa where critical theory proponents have been managing things and the subsequent poor outcomes.
    Yes, the analysis needs to stop there before we look at the history, context and ownership of central banking lest we are called anti semetic.
    To be fair, most Australians don't understand compound interest, let alone fractional reserve banking. Perhaps that, and a lack of civics knowledge, is by design.
 
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