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Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’

 
Anonymous Coward
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10/09/2022 11:09 AM
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Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’

[link to ussanews.com (secure)]

The state of Louisiana is divesting its treasury funds from Larry Fink’s investment company BlackRock.

Louisiana’s Republican state treasurer John Schroder issued a warning that BlackRock’s “woke” Environmental, Social, and Corporate Governance (ESG) investing threatens Americans’ “economic freedom and individual liberty.”

In a letter to World Economic Forum member Fink, BlackRock’s chairman and CEO, Schroder noted that $560 million has already been divested and eventually $794 million will have been yanked out of the controversial firm.

“Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Schroder wrote.

“Therefore, Louisiana Treasury will liquidate all BlackRock investments by the end of 2022.

“To date, we have divested $560 million,” he noted.

“Once complete, this divestment will reflect $794 million no longer entangled in BlackRock money market funds, mutual funds, or exchange-traded funds (ETFs) holdings.”

Schroder blasted Fink over the company’s focus on ESG investing.

“This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our Fossil Fuel (which is Renewable Energy) sector,” the state treasurer wrote.

“In my opinion, your support of ESG investing is inconsistent with the best economic interests and values of Louisiana.

“I cannot support an institution that would deny our state the benefit of one of its most robust assets.

“Simply put, we cannot be party to the crippling of our own economy,” Schroder wrote.

“I’m convinced that ESG investing is more than bad business; it’s a threat to our founding principles: democracy, economic freedom, and individual liberty.
Anonymous Coward
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10/09/2022 11:19 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Now THIS should be pined.

And every US citizen should take this info to respective State governors, Lt Governors, State Comptroller, and State Congressional reps and Senators and demand the same.

There should be a national movement for this same action!

5 Star topic, OP. Thanks for posting.

.
Anonymous Coward (OP)
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10/09/2022 11:20 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Now THIS should be pined.

And every US citizen should take this info to respective State governors, Lt Governors, State Comptroller, and State Congressional reps and Senators and demand the same.

There should be a national movement for this same action!

5 Star topic, OP. Thanks for posting.

.
 Quoting: Anonymous Coward 63560815


smile
Anonymous Coward
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Singapore
10/09/2022 11:25 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
well black rock are fucked now then
Anonymous Coward (OP)
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10/09/2022 11:30 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
well black rock are fucked now then
 Quoting: Anonymous Coward 82663586


Trump allowed them to start managing Treasury funds. So no, they aren't fucked. They basically call the shots now. Biden's bosses.
Anonymous Coward (OP)
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10/09/2022 11:35 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Larry Fink runs America.

Toodles.
Anonymous Coward
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10/09/2022 11:41 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Larry Fink runs America.

Toodles.
 Quoting: Anonymous Coward 83769663


Evidently

So when do we invade Louisiana?
Coy

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10/09/2022 11:42 AM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
bump
RobinhoodNL

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10/09/2022 11:46 AM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’



Watch for a disaster in Louisiana.
RobinhoodNL
Anonymous Coward
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10/09/2022 11:46 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
[link to www.thefamouspeople.com (secure)]

Gasp

Whoodathunkit
pool
Aut inveniam viam aut faciam

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10/09/2022 11:48 AM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
fuck

collapse the fixed income, collapse the funds..

Last Edited by pool on 10/09/2022 11:49 AM
Anonymous Coward
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10/09/2022 11:50 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
This is the single most important I've seen on GLP in a long time.

Other states need to do the same. Most politicians are fucking sellouts and have sold out America.
Deplorable Zenobia

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10/09/2022 11:52 AM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Oh boy, let a trend develop from this, please!!!

Kudos to Cajun Country for stepping up to start the ball rolling.
rockon
And thought struggles against the results, trying to avoid those unpleasant results while keeping on with that way of thinking. That is what I call 'sustained incoherence.' ...David Bohm

“How, O Zenobia, hast thou dared to insult Roman emperors?” ...Aurelian, 44th Emperor of the Roman Empire
Anonymous Coward
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10/09/2022 11:54 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
is this too little too late?
Anonymous Coward
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10/09/2022 11:57 AM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
This explains why all of a sudden Black Rock is running "pat on the back" ads on cable stations boasting what a wonderful company they are. Dirty bastards.
Emeraldlight

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10/09/2022 12:09 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
I think you will be find out soon Blackrock and Vanguard have no liquidity. They may own the stock but can't do anything with a bunch of broke corp-why do you think the bond market is in trouble? Watch
Anonymous Coward
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10/09/2022 12:11 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
.
This is the single most important I've seen on GLP in a long time.

Other states need to do the same. Most politicians are fucking sellouts and have sold out America.
.
 Quoting: Anonymous Coward 84363445


Indeed, it is. Long ago, GLPERS could be mobilized to flood Reps, Senators, Governor's, businesses phones and inboxes with citizen responses particularly regarding Liberty and calling people out for over-reach, and it was quite effective.

Today, GLPERS just sit and type...or so it seems. Someone else will do it.

We get what we put into it, and citizens are [email protected] suck ass employers, I've learned.

Sad, really.

.
Anonymous Coward
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10/09/2022 12:13 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
I think you will be find out soon Blackrock and Vanguard have no liquidity. They may own the stock but can't do anything with a bunch of broke corp-why do you think the bond market is in trouble? Watch
 Quoting: Emeraldlight


I will rejoice the day that occurs.

They will both take hits with their PayPal equity at minimum.

.
Just Passing Through.....
*MOLON LABE*

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10/09/2022 12:20 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’

[link to ussanews.com (secure)]

The state of Louisiana is divesting its treasury funds from Larry Fink’s investment company BlackRock.

Louisiana’s Republican state treasurer John Schroder issued a warning that BlackRock’s “woke” Environmental, Social, and Corporate Governance (ESG) investing threatens Americans’ “economic freedom and individual liberty.”

In a letter to World Economic Forum member Fink, BlackRock’s chairman and CEO, Schroder noted that $560 million has already been divested and eventually $794 million will have been yanked out of the controversial firm.

“Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Schroder wrote.

“Therefore, Louisiana Treasury will liquidate all BlackRock investments by the end of 2022.

“To date, we have divested $560 million,” he noted.

“Once complete, this divestment will reflect $794 million no longer entangled in BlackRock money market funds, mutual funds, or exchange-traded funds (ETFs) holdings.”

Schroder blasted Fink over the company’s focus on ESG investing.

“This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our Fossil Fuel (which is Renewable Energy) sector,” the state treasurer wrote.

“In my opinion, your support of ESG investing is inconsistent with the best economic interests and values of Louisiana.

“I cannot support an institution that would deny our state the benefit of one of its most robust assets.

“Simply put, we cannot be party to the crippling of our own economy,” Schroder wrote.

“I’m convinced that ESG investing is more than bad business; it’s a threat to our founding principles: democracy, economic freedom, and individual liberty.
 Quoting: Anonymous Coward 83769663



5stars

pine
"She isn't real.....I can't make her real"

"Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder"

"The World is a business Mr Beale..."

"You depend on our protection yet you feed us lies from the tablecloth......"

ENFJ
Just Passing Through.....
*MOLON LABE*

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10/09/2022 12:21 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Honestly, this is probably some of the most pressing issues the world faces.


It's not as emotional as libs of tiktok or any of the shiny political theater, but this is the real fucking doom that is part of the beast system.
"She isn't real.....I can't make her real"

"Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder"

"The World is a business Mr Beale..."

"You depend on our protection yet you feed us lies from the tablecloth......"

ENFJ
Crabby Abby

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10/09/2022 12:26 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
We need to also pull investment funds out of the war machine if we ever want peace.

Where is the heart of your pension?
CigarTigher

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10/09/2022 12:28 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
bump
Anonymous Coward
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10/09/2022 12:29 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
lets hope most of the other states follow suit
MAGA Republican BrainGuy
Comedy is Terrorism to the Stupid

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10/09/2022 12:33 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Larry Fink runs America.

Toodles.
 Quoting: Anonymous Coward 83769663


Evidently

So when do we invade Louisiana?
 Quoting: Anonymous Coward 74909132


After we transfer $40 billion to the "I stand with Louisiana" fund in China.

xiden
Follow me to the small arms reloading facilities...
Anonymous Coward
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10/09/2022 12:38 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Larry Fink runs America.

Toodles.
 Quoting: Anonymous Coward 83769663


Evidently

So when do we invade Louisiana?
 Quoting: Anonymous Coward 74909132


After we transfer $40 billion to the "I stand with Louisiana" fund in China.

:xiden:
 Quoting: MAGA Republican BrainGuy


Obfuscation at its best. 3.50 deposited
Anonymous Coward
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10/09/2022 12:46 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
"Trust Us" advertising. Most take the money.

There's NO reason for BlackRock to advertise in TV commercials other than controlling the narrative.

Thread: Fox News ~ Running Ads for BLACKROCK!!!!
Anonymous Coward
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10/09/2022 01:26 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Now THIS should be pined.

And every US citizen should take this info to respective State governors, Lt Governors, State Comptroller, and State Congressional reps and Senators and demand the same.

There should be a national movement for this same action!

5 Star topic, OP. Thanks for posting.

.
 Quoting: Anonymous Coward 63560815


bump
Deplorableduckhunter

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10/09/2022 01:45 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Oh boy, let a trend develop from this, please!!!

Kudos to Cajun Country for stepping up to start the ball rolling.
rockon
 Quoting: Deplorable Zenobia



Cuse me for a moment.Ms Zenobia...

currently i am down some rabbit holes and the War of 1812 and the slave trade. not through there...

you dig just a bit and the pieces of this part of the puzzle falls in place..and...

lol YOU DON'T EVEN WANNA KNOW WHAT IS GOING ON in fuckin louisiana.

LA is under Napoleonic Code. COMMOM LAW. Share and Share Alike with Disruption of Contracts. THE ONLY STATE ON THE UNION THAT THIS EXISTS.

THE SAME with CANADA. Again...NAPOLEONIC CODE legal system

Remember the Hudson Bay TRADING COMPANY? We oldsters were told about this in grammar school.

The Hudson Bay Trading Company of Canada(or facsimile thereof) is who OWNS The United States of America INCORPORATED. Which is owned by the British Crow of England (inc)...

Through which we Americans are granted a [birth(berth) certificate.]

So.....We are(were) [OWNED BY the british royal crow incorporated (currently is/was owned charles).]

[(who just signed our release)as free human beings ... he shit blood the other day while doing so..btw]

[(Royal Pedophylic debt payment)resolved]?

our [British Admiralty Law requirement(birth from mother's birthwater)berth certificate made illegal in England] ????

i see much needed tar, feathers, pitchforks and rails-for-royalty. which will be up to the English.


The entire FEDERAL RESERVE DEBT is being dumped into this same[black](Hole). to bounce to Canada..

Which will be handed off like a scalding hot potato from Canada. to the Crown of England.. never to be seen again.


LA is just getting it's cut first. 49 states to follow. Including the Mother of all Debts. The Federal Reserve.

this my own humble working theory until proven otherwise.

sorry for my caps and clumsy attempt at Q language
just trying to get some outlines of thoughts across
i know it sounds insane...

Last Edited by Deplorableduckhunter on 10/09/2022 02:42 PM
Anonymous Coward
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10/09/2022 01:59 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
John Schroeder 2024, President of The United States!
Keilani

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10/09/2022 02:49 PM

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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
Now THIS should be pined.

And every US citizen should take this info to respective State governors, Lt Governors, State Comptroller, and State Congressional reps and Senators and demand the same.

There should be a national movement for this same action!

5 Star topic, OP. Thanks for posting.

.
 Quoting: Anonymous Coward 63560815


Yes, I hope to see Florida's governor follow in his footsteps.
We want the news, we want breaking news, we want breaking news before it breaks, before it's a spec on the radar. You can quote me on that, Keilani.
Inquire Within

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10/09/2022 02:51 PM
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Re: Louisiana Pulls Treasury Funds from BlackRock, Warns ESG Investing Threatens ‘Economic Freedom and Individual Liberty’
lovethispost
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