Guest Post by Martin Armstrong
President Biden’s decision earlier on Monday to veto a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing, has effectively seized your pension and expropriated it directing it to invest in this failed green agenda. That is UNCONSTITUTIONAL and there needs to be an immediate class action suit brought against this outrageous agenda.
In the land of the most insane left-wing Democrats, California, CALPERS, the California pension system for state employees, was directed to invest in “GREEN” projects for political reasons and lost big time. They have been trying to cover-up their politically correct investment decisions ever since. Whenever a politician sticks their foot into how to invest money to carry out their own personal political agenda, not only is that UNCONSTITUTIONAL, but it is really criminal. They are expropriating your pension fund for their agenda.
The Takings Clause of the Fifth Amendment to the United States Constitution reads as follows: “Nor shall private property be taken for public use, without just compensation.” In understanding this provision, we must look to the “intent” of the law when enacted. The Clause was intended to uphold the principle that the government should not single out isolated individuals to bear excessive burdens, even in support of an important public good. What Biden and the Democrats have done is so unconstitutional it is no longer funny. Anyone who voted for this act is NOT qualified to be in Congress for they obviously are ignorant of the Constitution which they have sworn to uphold.
The Democrats, to further their climate agenda, have gone way too far. They have violated the Taking Clause and when this happens, the payment of “just compensation” provides a means of removing any special burden. That would be ALL losses incurred by this order are to be borne by the government. The most important statement of this principle is found in Armstrong v. United States 364 U.S. 40 (1960), where the Supreme Court wrote:
“The Fifth Amendment’s [Takings Clause] . . . was designed to bar Government from forcing some people alone to bear public burdens which, in all fairness and justice, should be borne by the public as a whole.”
Only two Senate Democrats voted with Republicans to overturn the rule on March 1st. Sen. Joe Manchin (D-W.Va.) called Biden’s decision “absolutely infuriating” in a statement remarking that the Biden administration is putting its “radical” and “progressive agenda” ahead of the country’s needs.
The point is that this is TOTALLY Unconstitutional. They can no more do that than order everyone must invest in an abortion clinic.
I have mentioned before, we have some of the largest funds in the entire world as our clients. We were actually asked if we could design a “green portfolio” where they did not lose money. A break-even would be fantastic. Biden has now undermined everyone’s retirement savings by making it illegal to consider risk factors that make NO investment sense.
Biden & the Democrats Have NO basis in law to seize your retirement funds to fund their radical leftist agenda! This has gone way too far!
And it is Entirely Unconstitutional!
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A class action suit and voting harder are sure to remedy this.
Employing the safety squint while voting makes it harder to have your vote stolen. I wonder if it’ll help win a class action suit against pedo??
The lawyers will be happy … they’ll get at least 1/3, maybe 40% … the ‘winners’ will get coupons for cents off on their next federal tax bill.
Honest question here:
Does FJB even HAVE an agenda? A specific “to do” list? Because I don’t recall ever hearing what exactly that was.
We can make speculations based on what we’ve seen so far (not great), but that’s all it is, isn’t it? Just speculation.
It’s looking like Old Joe is planning on driving the short bus off the cliff and right into the waiting arms of Freddy Kruger.
The OBiden regime’s agenda is to destroy the USA and turn it into a third world country and the’re doing a fine job of it, right on schedule.
I seriously doubt you’d get elected on that platform…so what is his publicly STATED policy? The one supposedly supported by the largest margin since George Washington.
Wasn’t it “Build Back Better”?
More like “Boring Bed Wetter”.
Well considering that he wasn’t elected last time, it probably doesn’t matter.
It should and it does, just not to the right people.
‘hope and change you can believe in’, part 2 …
He’s probably just.selling the country out for a lifetime supply of little kids.
I bet it’s that simple.
I literally could believe that. Dementia is bad enough, but could you imagine being a full time minder to a demented pervert? Thank God I was was spared that torment.
That interpretation of the 5th amdt is fucked up and antithetical to the legitimate purpose of any govt, and Armstrong cheers it. It’s a statement that ALL property is ultimately the State’s property, and the only limitation is that the property be stolen evenly.
Schizo dunce.
Judge Nap makes that argument, among others, here:
Relax, the republicans are drafting a very strong statement on the matter.
Hahaha, fuck CALPERS.
You’ll get a bad rash if you do.
Meh. Couple does of magic horse paste and he’ll be right as the mail!
He has not taken my pension, I was never stupid enough to have a pension that was accessible to criminals. My social security was already pissed away and I always knew it would be worthless when the time came to use it.
I actually look forward to the inflationary wipeout of the pension system that is feeding retired government “workers”… Seeing them hungry and bankrupt will bring me such joy.
They were the fools that took the clot shot so I guess it is possible that their pension system will be able to pay out to the greatly reduced number of retired “workers” that are still alive after the culling of the herd.
What a wonderful world!
And as for CALPERS – Fuck you all!
I won’t be “voting” Niki Haley and unless an independent (other than tRump) is on the general “election” ballot likely not at all.
Catching a few minutes of my favorite talking head “conservative” , Sean Hannity (/s) interviewing Niki recently , she indicated the need to “drain the swamp” of the numbers of peeps in the ridiculous government pension programs. Niki pointed out it’s next to impossible. Some government peeps may need to be released from their “positions” for poor performance just like in the private sector world. However as Niki pointed out often what is heard is , “oh no, she/he cannot be released because she/he only has another year to go (for the big pension).”
I worked for the gubmint a long time ago, so I saw how difficult it was/is to get rid of deadwood. By why is that? The goddamn gubmint can do any fucking thing it pleases, violating all kinds of constitutionally guaranteed rights, but it is impotent in being able to fire a POS employee? It’s all bullshit, every minute of every day…
Thanks. I would guess many people seeking employment would be glad to work for gubmint regardless they “voted” Trump, Biden , Obama, Bush etc. etc. Not that you mentioned the “vote”, I’m of contention that a chance at a job with enormous benefits etc. many would darn sure jump in the fray then heaven forbid ever “vote” a candidate that speaks of smaller government or even worse one that claims to “drain the swamp. Yeah, right!
The USPS around here has done a lot of hiring the past two years and I’m glad for those that were hired. One lady I know was hired starting at $19 hr. driving a big van that makes the rounds to various post offices dropping off and picking up mail for the major sorting facility for the area. Don’t know about her “vote”. I do know here family members were all Trump. Priceless! But good for her, the job, the $$.
I see your point and I too do my own investing and have no ESG garbage. That said, the criminals in and out of government will never stop trying to access anything of value in our possession.
As soon as I could I pulled everything out and bought Gold, Silver,Bitcoin and lead. And a bunch of mountain house food.
Oh come on, it’s looting right up to the end. Just like draining the SPR.
” You’ll own nothing , but we will tell you to be happy because you ‘ saved the planet ”
” In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill.”
— Club of Rome, premier environmental think-tank, consultants to the United Nations.
— “No matter if the science of global warming is all phony. … climate change provides the greatest opportunity to bring about justice and equality in the world.” – Christine Stewart, former Canadian Minister of the Environment
— “The data doesn’t matter. We’re not basing our recommendations on the data. We’re basing them on the climate models.” – Professor Chris Folland, Hadley Centre for Climate Prediction and Research.
— “The models are convenient fictions that provide something very useful.” – Dr David Frame, climate modeler, Oxford University.
— “It doesn’t matter what is true, it only matters what people believe is true.” – Paul Watson, co-founder of Greenpeace.
https://www.standard.net/opinion/letters/2014/dec/01/climate-change-quotes-not-often-heard-in-media/
There is one fairly accurate climate model. It is Russian and takes actual weather into account and the Sun. Science vs Scientism.
Lucky me International Business Machines stopped contributing to my pension rather than being stolen by the idiot in the WH. Took what was left and ran away from that DFW California in Texas AS FAST AS I COULD RUN!
No grudge held on my part however and certainly no regrets. Seeing the writing on the wall I prepared for the dastardly deeds in a different way.
Brandon, the China ass puppet, is the last hope of the Khazarian’s…the gloves are off. Never give up your guns.
So, what you are saying is we don’t have a legitimate government? No? Well, you should be.
“nor shall private property be taken for public use, without just compensation”
And who exactly determines “just compensation”?
Anyway, I suppose President Trump never got the memo about taking private property for private gain being supportive of eminent domain for private gain.
Donald Trump’s Eminent Domain Love Nearly Cost a Widow Her House
https://www.cato.org/commentary/donald-trumps-eminent-domain-love-nearly-cost-widow-her-house
Donald ” have due-process later ” Trump
“take the guns first”
What a moron. COME AND GET IT!
I seized my own pension 25 years ago and put it in hard assets. Bidet can suck it, keep your money out of their reach…….problem solved.
Wasn’t much pension left to seize after they printed $10 trillion dollars.
Really? How much did the hard assests go up??…….Ah HA!!
It’s going to be interesting to listen to the average ‘tard complain about the wrecked society/economy and deflect….
As a liberty lover,I have been warning people most of my life about how the preaching of certain ideas/ideals will lead to tyranny and subjugation….they can all piss off!
Article 25 the demented old ba*tard.
Might as well cash em in before they revert to squat