TikTok CEO Shou Zi Chew likely just lied to Congress, claiming that TikTok's parent company is not "owned or controlled" by the Chinese Communist Party.
There's strong evidence to the contrary, allow me to explain: 🧵
ByteDance was founded in 2012, incorporated in the Cayman Islands and headquartered in China.
It was created by two college roommates who attended Nankai University, a Chinese university overseen by the CCP's Ministry of Education.
Mar 21 • 5 tweets • 1 min read
BREAKING: 16 AGs, led by Utah AG @SeanReyesUT, have sent a letter to the the Treasury, Federal Reserve, FDIC and Comptroller of the Currency accusing them of contributing to the collapse of SVB by prioritizing the ESG agenda over sound banking practices.
As the situation continues to unfold regarding the collapse of the Silicon Valley Bank, one thing remains clear, businesses that are focused on ESG investing and woke capitalism are putting their consumers at high financial risk.
Mar 1 • 4 tweets • 1 min read
BREAKING: The Senate just joined the House in voting to strike down the Biden Administration's new ESG rule that allows/encourages asset managers to consider ESG criteria when making retirement investment decisions.
For too long the intentionally obtuse investment strategy known as ESG has been used as a progressive weapon to reshape American culture and force partisan action in areas of life that have traditionally been free of political activism.
Feb 28 • 4 tweets • 2 min read
BREAKING: The House of Representatives, under the leadership of @SpeakerMcCarthy, has officially voted to strike down the Biden Admin's new Department of Labor rule allowing/encouraging asset managers to consider ESG criteria when making retirement investment decisions.
.@SpeakerMcCarthy and @HouseGOP stood firm in support of the American people by rejecting President Biden’s attempt to further politicize their retirement dollars.
Feb 28 • 6 tweets • 5 min read
ICYMI: @AndrewRSorkin had a fascinating conversation with @GoldmanSachs CEO David Solomon about ESG and the anti-ESG backlash seen over the last year.
Though Solomon claims his position hasn't been impacted by the backlash, a few key indicators say otherwise:
(thread 🧵) $GS
First, @AndrewRSorkin pressed @GoldmanSachs CEO on Vanguard's commentary that ESG investing *does not* improve fund performance.
Instead of addressing this, Solomon subtly pivots to discuss how any "climate transition" will take decades and will be risky.
Jan 13 • 5 tweets • 4 min read
🚨 ICYMI: @BlackRock CEO Larry Fink went on @CNBC's @SquawkStreet this morning and was pressed directly on his ESG activism, divestments from $BLK, and statement's made by Treasurers from @SFOF_States.
The interview was wild:
CNBC's @DavidFaber pressed @BlackRock CEO Larry Fink on his ESG activism, citing how it's led to $BLK being seen as a woke activist asset manager and asking him if he regrets his choices:
(Spoiler alert: Fink remains unapologetic.)
Jan 13 • 4 tweets • 2 min read
REPORT: After a year of being exposed for trying to force Americans into compliance with their ESG agenda, @BlackRock just released their Q4 earnings...
The results were so bad that they dropped an effective tax bracket.
Let's break down the results: 🧵
In 2022, @BlackRock's assets under management (AUM) fell by $1.42 TRILLION.
But, arguably even more notable, Institutional AUM dropped by $768 billion.
🚨 State pension funds be warned 🚨
Dec 15, 2022 • 11 tweets • 8 min read
.@SenBryanHughes starts off the Texas Senate Committee on State Affairs ESG hearing by laying out how the ESG agenda poses a threat to both the security of American families and our overall national security:
Texas State Sen. @LoisKolkhorst highlights how ESG investing is an abandonment of fiduciary duty, because ESG funds routinely underperform benchmark indexes:
Dec 1, 2022 • 8 tweets • 5 min read
The now infamous CEO of @BlackRock, Larry Fink, sat down with @andrewrsorkin at DealBook this year, after losing over $2 TRILLION in 2022.
The interview covered a lot, from ESG (which contributed to the $2T loss) to the future of capitalism.
Here are the highlights:
.@BlackRock CEO Larry Fink equates pursuing ESG policies to fleeing an active war zone — claiming they both are just common sense:
Dec 1, 2022 • 19 tweets • 7 min read
I've followed the finance world closely for over 15 years now and that was, without a doubt, one of the wildest interviews I've ever seen.
A full breakdown of the Sam Bankman-Fried DealBook interview:
The interview began with @AndrewRSorkin reading a letter to Sam Bankman-Fried from a FTX user who lost their entire two-million-dollar life savings.
The user asks why SBF stole their entire life savings. SBF says he's "deeply sorry" about what happened.
Oct 27, 2022 • 6 tweets • 1 min read
Anyone claiming that the latest GDP report "proves" that we are not in a recession has no clue what they're talking about...
Let me explain what's actually happening:
The headline reading was that GDP came in at 2.6%, beating expectations of 2.4%.
Sounds like good, positive growth right? Well, let's take a look under the hood...
Oct 5, 2022 • 4 tweets • 2 min read
🚨BREAKING: @LATreasury announced in a letter to BlackRock CEO Larry Fink that
Louisiana will divest ALL Treasury funds from BlackRock, totaling $794M to be removed by year’s end.
This the LARGEST divestment from BlackRock by any state.
Here's our statement🧵:
@ConsumersFirst applauds Treasurer Schroder's commendable decision to withdraw the state's assets from BlackRock's misuse.
🚨 @BlackRock CEO Larry Fink, @Unilever CEO Alan Jope and one of the UN's ESG Czars Damilola Ogunbiyi just spoke on an ESG panel, led by Bill Clinton, at the Clinton Global Initiative's September meeting.
You can't make this stuff up. Clips incoming.
Bill Clinton praises @BlackRock CEO Larry Fink for being one of the main drivers of the ESG agenda:
Aug 17, 2022 • 4 tweets • 4 min read
🚨 @BlackRock is working to destroy America from within...
From record-high gas prices to our housing market in crisis, all roads lead to BlackRock.
The ESG label was designed for moments like this...
Roe has been overturned, woke activists have lost control, they're desperate to regain it, and ESG is the tool they're turning to in a quasi-covert attempt to bend the system to their political will.
The truth behind ESG is simple: it's a woke rubber stamp.
Whatever manages to pass the ever-shifting sands of woke standards is considered "ESG approved," if it falls short, it is cast out of the herd.
Jun 22, 2022 • 6 tweets • 5 min read
REPORT: The Biden Admin has selected the Chairman of the @BlackRock Investment Institute, Tom Donilon, to lead the Foreign Affairs Policy Board, which will advise on "strategic competition" with China.
🚨 Emails leaked to @ConsumersFirst from concerned @StateFarm employees show the company engaged in the woke indoctrination of kids age 5+.
State Farm partnered with The GenderCool Project — which aims to have conversations with children about being Transgender and Non-Binary.
This gross and blatant attempt to indoctrinate our children by @StateFarm is shameless and consumers should be aware a company founded on family values is now encouraging five-year-old children to question their gender.
And we have the receipts.
May 20, 2022 • 4 tweets • 1 min read
A concerned employee of a large corporation just leaked internal emails to @ConsumersFirst about under the radar woke activity that the company is allegedly engaged in...
Needless to say, the allegations are stunning 👀👀
We're working to authenticate the emails now — if they're real, they're incredibly damning.
Mar 23, 2022 • 5 tweets • 3 min read
The SEC is inching closer and closer to making ESG compliance legally compelled.
This is exactly what @BlackRock and other woke institutions pushing this gatekeeping mechanism want — because it legally enshrines their control.