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HomeAll Ch00 Ch00 NewsRepublican states are planning an all-out assault on woke banks

Republican states are planning an all-out assault on woke banks

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Republican states are planning an all-out assault on woke banks

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RED STATES, WOKE BANKS ©®™ Choo Choo

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“O come, let us worship and bow down: let us kneel before the LORD our maker.”  Psalms 95:6 (KJV) 

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Listen to the article below

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[fusion_dropcap boxed=”no” boxed_radius=”” class=”” id=”” color=”” text_color=””]I[/fusion_dropcap]t was announced last week that the US officially entered into a recession as GDP has fallen for two consecutive quarters. Biden and his handlers have lied, and continue to lie about how bad the economy is under them in their war on fossil fuels as they pursue the implementation of the socialist Green New Deal.

American households will spend $5,915 more on everyday items this year than they did in 2021. Inflation is at a 40-year high, and gas prices at the pump are stinging.

In the latest report on U.S. government prices, Moody’s Analytics economist Mark Zandi said that households are spending nearly $493 more each month than they did a year ago.

Now Republican states are pushing back on financial institutions that are helping the Democrat socialists.

“Republican state officials are readying plans to punish woke banks which push anti-fossil fuel policies and adhere to so-called environmental, social and governance (ESG) standards,” accodording to Fox News.

West Virginia announced last week it would bar five major financial institutions, including BlackRock, Goldman Sachs and JPMorgan, from entering into banking contracts with the state treasurer’s office or any state agency. Each of the five corporations had committed to policies limiting commercial engagement with the fossil fuel industry which paid a whopping $769 million in taxes to West Virginia’s state government.

“We’re not going to pay for our own destruction, we’re not going to subsidize that,” West Virginia State Treasurer Riley Moore told FOX Business during an interview. “They have weaponized our tax dollars against the very people and industry that have generated them to begin with. That is why we’re pushing back against this ESG movement.”

He noted that U.S. Bancorp backed off its prohibition of fossil fuel lending and was, as a result, kept off the state’s restricted list of financial institutions.

It is likely that Moore’s first-of-its-kind action will be followed by many more across the country in response to major banks’ ESG push.

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