The Biden administration is once again acting against the best interest of the people, making a major change that could decimate American’s retirement accounts.
The Department of Labor quietly snuck in a big change which allows fund managers to prioritize the left’s ‘woke’ agenda over getting actual returns on the money invested.
This means that they will be able to take your money and ‘invest’ it however they want with no real ramifications.
This communist tactic being deployed by Biden’s regime will allow for further investment into Environmental, social, and governance (ESG) which is used to screen investments based on how compliant a company is with the climate change BS narrative pushed down by the federal government and the leftist lunatics that support them.
This change to allow more haphazard investment into policies like ESG comes at a time where entire states are pulling funds from firms who invest in these sorts of things due to their abysmal returns.
It’s also likely done to ensure that these sorts of things – which Americans clearly don’t support – continue to receive the funding necessary in order for them to grow even as red states reject them.
It’s clear that Biden’s Department of Labor is sending Americans a message that their fiscal wellbeing is less important than funding the ‘woke’ transformation of America.
Watch the video here to understand why this subtle change is really such a big deal.