Pretending that man-made climate change actually exists, on April 22, 2022, Joe Biden signed Executive Order 14072. Based on this hoax, on August 18, 2022 he issued instructions to create a new type of corporation. This was the beginning of their diabolical scheme to hasten the confiscation your land, ranchers’ land, farmers’ land, et al, and transferring it to corporate buddies of the Ruling Elite by creating “Natural Asset Companies.” Biden’s Security and Exchange Commission quietly created this type of corporations, and the New York Stock Exchange was in the process of qualify them so they could be publicly traded when public outcry stopped this abomination earlier this month. The Left never stops their pursuit of ruining America; therefore, we can expect their efforts to continue.
The SEC defines this Marxism-driven corporation as follows: “For purposes of this Section 102.09, a Natural Asset Company (“NAC”) is a corporation whose primary purpose is to actively manage, maintain, restore (as applicable), and grow the value of natural assets and their production of ecosystem services, and whose value is based on those natural assets and ecosystem services.”
In other words, Natural Asset Companies (NAC) will literally own and/or manage the air, the water, the dirt, wild animals of all types, trees, foliage of all types, etc, etc, etc, and YOU, the American people, will have no say, will own nothing and will have fewer food choices at much higher costs. The first lands to be taken over by this new form of corporations will be federal lands.* The federal government will be leasing national forests, national parks and other federally owned land to NACs.
This scheme lays the groundwork to lockup natural resources and destroy rural economies by removing land from productive use* in the name of “solving” the non-existent climate change problem. Just one example: Ranchers will no longer be allowed to graze their cattle on these lands.* In turn, this will put family ranchers out of business in favor of large corporate ranches, some owned by foreigners and other nations, such as China.
DIANE’S BRAIN IS STRUGGLING
This American is struggling to understand the convoluted steps that our Overlords are using to arrive at their goals, and I am struggling to discern all their goals, so bear with me. One thing is certain, however. Their main goals are to take land out of the hands of everyday Americans, give it to Big Business, significantly reduce food & energy production and significantly increase food & energy costs. In turn, this will further reduce the number of Americans living a middle class lifestyle & increase those living in poverty & near-poverty. You have heard of 30 by 30, and 50 by 50? Their targets are to confiscate 30% of America’s lands by 2030, and 50% by 2050. Currently, the federal government owns 11% of the real estate across our beautiful country, most of it in “western” states.
On September 27, 2023, the New York Stock Exchange quietly submitted a huge rule change. The proposal would allow the formation of this new type of company: Natural Asset Companies. NACs, would purchase the rights to control public and PRIVATE lands, such as parks, forests, ranches and farms. But a NAC wouldn’t be allowed to put the land to economic use, thus ensuring Americans would have less food & less energy. Instead, it would preserve its acquisitions to maximize the value of the land’s “ecological services,” as determined by Environment, Social & Governance (ESG) ideology. ESG is just another term for totalitarianism and another way to catalogue & control every action taken by YOU, the American people.
NAC & ESG: STARVING AMERICANS
Animal grazing,* energy extraction and other economically vital activities would disappear on NAC-protected land. Farmland used to feed Americans, and indeed the world, would go back to natural landscape, erasing human activity. Normally, corporations are formed for investors to make money. Since NACs are clearly noneconomic, a new NYSE rule is required to allow their formation. The land placed in a NAC, a private entity, must support only “replenishable” activities. Since no economic activity can occur, the property is assigned an arbitrary value and traded on that basis. In any other situation, this proposal would be identified as sanctioning fraud.
Why would anyone invest in a company that can’t make money? Initial buyers would likely be those committed to sacrificing returns to advance the Marxist climate agenda. The goal is to sell NACs to endowments, sovereign wealth funds, pension funds and other investors demanding greater direct and immediate virtue-signaling ESG presence in their portfolio. Do you have a pension fund? If it uses your retirement money to buy NAC stock, you may wind up living on the streets in your old age. Reducing US mineral extraction would be intriguing to Chinese, Russian or Saudi sovereign wealth funds.
Both private (YOURS) and public lands are eligible for a NAC to purchase. Federal and state governments will likely sell public land to NACs, appeasing environmental wackos under the guise of generating revenue. If you live in a Blue State, you can expect your governor to sell state parks, state forests, et al to NACs, before he devises a plan to confiscate YOUR land. Landowners with “conservation easements, AKA conservation districts” on their land are the most at risk.
WESTERN STATES WILL BE DESTROYED FIRST
If NACs market themselves successfully, a significant amount of land will be removed from productive use. In western states like Utah, where the federal government owns 67% of the state and Nevada, where it owns 87%, the effect would be devastating. The West Coast States are federally owned to the tune of 48% of California, 53% of Oregon and 29% of Washington. Rural communities in the West, deprived of property tax revenue on vast federal land, pay for public improvements primarily through levies from extracting minerals on state land. The Biden Regime’s attack on energy has already reduced this essential revenue.
The federal government has long fought the purchase of public land by private parties so this is a dramatic change in policy. The SEC’s job is to protect investors and promote capital formation. Biden’s Security & Exchange Commission has flipped that on its head by destroying markets and ushering in a new economic system wherein a small group of Americans will live in luxury and the rest of us will be little more than serfs living off scraps the Ruling Elite throw at us.
WILL TRUMP 47 STOP THIS TYRANNY?
I have not heard President Trump mention this particular form of destruction. However, given the love he shows to America’s food producers and what he accomplished for them during his first term, I am confident he will cancel this abomination as soon as he is sworn in.
Want more details? Watch these three experts discuss Natural Asset Companies’ formation, and results thereof, by clicking here.
*After several summers vacationing in the gorgeous Black Hills of South Dakota, my husband & I bought a mountain cabin on 20 acres. Three sides of our acreage adjoins the Black Hills National Forest. Every June to October local ranchers pay a small fee to the federal government to graze their cattle on federal lands. Because the government fences are in disrepair, we are waiting for the critters to wander into our front or back yards. Ha! Occasionally, they are blocking the road we take to town. We enjoy watching the cows meander around the forest almost as much as we love watching the white tailed deer and wild turkeys.
For a guy ostensibly worried about “muh democracy,” he sure issues alot of EO rejecting its every premise.
Diane: Have been curious about this point for a long time: How was it that Washington only ended up with 29% Federal Land while Oregon has 53%?? They began as the Oregon Territory, and Oregon split off as a state first (1859) while Washington didn't achieve statehood until 1889 (30 years later!). Did it have something to do with that? With all it's military preserves (Oregon has virtually none), 3 National Parks to Oregon's 1 and the Forest Service virtually beginning there with Gifford Pinchot, it would seem that Washington ought to have a much higher percentage of Federal Land than Oregon. But instead it's just the reverse of what my limited knowledge of history would seem to suggest. How did that happen?? My only guess would be that E. Washington perhaps has a higher percentage of usable agricultural land than Oregon so more of it went into private farms? Seems like a very significant difference (29 v 53) to me however. Do you have any clue to that??