Economic Warfare on the Horizon

Written by: “A Willoughby Lobbyist”
May 27, 2020

These 15 Republican State Treasurers (see the following article) understand that we are engaged in economic warfare.  They have each threatened to pull their state bank accounts out of those banks that are promoting the environmental agenda of the Great Reset.   Hooray!

But, they have also politicized the issue, and provided a gift to Biden, by saying that Biden is the prime mover or instigator. That is more credit than he deserves.  He is a Manchurian candidate and water boy.  The truth is that Wall Street is telling the Biden administration that they want to stop financing the energy sector (to establish Great Reset goals across the planet)  and the Biden administration is carrying their water.   

It is an important distinction.  If Republicans were truthful; then they would win Democratic voters in the next election.   The truth is that big multinational corporations are all globalists, promoting anti-American (Great Reset) values,  and the Democrats are only their shills. This message would win over half of all Democrats.   

Ohio Congressman Dave Joyce (District 14) represents a very mixed district, and he sold out the patriots in his district with his vote for a January 6 investigation.   He would not feel as great a need to do that, if he knew he could count on Democratic votes by running on the populist pro-America rhetoric that I just laid out.  

[LFC Comments: Here is an article we wrote about “Just Dave” Joyce selling out the patriots in his district.]

Finally, those Treasurers need to start setting up a State Public Bank.  If they mean business, then they can transfer the States’ bank accounts to their own bank. 

The economic war is coming.  States that do not go along will be cut off from financing and federal funding.  DeWine knows that and that is why he is going along.    Our leadership will not be able to resist unless it has structured its own financial life support system before hand.  

A state public bank would provide  life support for needed projects like jails, road repair, and small businesses.  But, it has to happen ASAP.

My guess is that we will feel the financial impact this Fall.   I hope that I am wrong.

[LFC Comments: We wonder how the local governments are going to be impacted if they do not comply with the international bankers and the environmental agenda of the Great Reset.]

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https://www.zerohedge.com/political/15-state-treasurers-warn-they-will-pull-assets-banks-obstruct-fossil-fuel-industry

15 State Treasurers Warn They Will Pull Assets From Banks That Obstruct the Fossil Fuel Industry

BY TYLER DURDEN THURSDAY, MAY 27, 2021 – 06:40 PM

Authored by Samuel Allegri via The Epoch Times,

Fifteen Republican State Treasurers sent a warning that they will pull assets from financial institutions if they give in to Federal pressure to de-carbonize and “refuse to lend to or invest in” the fossil fuel and coal industry.

Special Presidential Envoy for Climate John Kerry speaks during a press briefing at the White House in Washington on Jan. 27, 2021. (Drew Angerer/Getty Images)

The letter (pdf), led by West Virginia Treasurer Riley Moore, is directed at Special Presidential Envoy for Climate John Kerry. It expresses concerns over reports that Kerry and other members of the Biden administration have been “privately pressuring” U.S. banks to stifle the fossil fuel industry.

“We are writing today to express our deep concern with recent reports that you, and other members of the Biden Administration, are privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies, as part of a misguided strategy to eliminate the fossil fuel industry in our country,” the letter reads.

The State Treasurers sent a plain message to financial institutions, telling them not to submit to the present administration’s coercion to deny investment and lending for the natural resources.

Furthermore, they assert that the approaches will “discriminate against law-abiding U.S. energy companies and their employees, impede economic growth, and drive up consumer costs,” adding that the strategy in question would make the free market submit to the will of politicians.

The signees of the letter are representing collectively more than $600 billion in assets, according to Axios.

They are backing some of the largest fossil fuel producers in the country.

“As a collective, we strongly oppose command-and-control economic policies that attempt to bend the free market to the political will of government officials,” they write.

It is simply antithetical to our nation’s position as a democracy and a capitalist economy for the Executive Branch to bully corporations into curtailing legal activities. The Biden Administration’s top-down tactics of picking economic winners and losers deprives the real determinate group in our society—the people—of essential choice and agency. We refuse to allow the federal government to pick our critical industries as losers, based purely on President Biden’s own radical political preferences and ideologies.”

The Obama administration’s previous conflict with American coal and natural gas industries is mentioned as an attack on jobs, tax revenue, and health insurance provided to families across the country, specifically hard-working middle-class families.

“As the chief financial officers of our respective states, we entrust banks and financial institutions with billions of our taxpayers’ dollars. It is only logical that we will give significant weight to the fact that an institution engaged in tactics that will harm the people whose money they are handling before entering into or extending any contract,” they warned.

The Epoch Times reached out to the White House for comment.

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