THE MORNING RANT: A Left-Wing Bank CEO Finds That Eco-Communists Aren’t Reliable Allies

Bank of America’s CEO Brian Moynihan is a left-wing globalist who has used his position to advance the WEF’s radical anti-freedom and anti-carbon agenda. Under his guidance, Bank of America has de-banked gun manufacturers, promoted racial discrimination in the name of diversity, and has advocated for ESG (environmental social governance).

Mr. Moynihan is very well liked by the communists in Davos, of course.

You would think that his radical left-wing agenda would make young street communists in America happy too, since he has embraced their agenda, but he is apparently not moving fast enough for them. A few days ago he was chased out of a banquet at which he was speaking by a gathering of his young communist political allies.

The video is embedded in a Twitter link further below, but first, just how radically left wing is Moynihan and Bank of America?

“Bank of America to Stop Lending to Some Gun Manufacturers” [Washington Post – 4/11/2018]

And this was from just two weeks ago in Davos…

“Bank of America CEO Says ESG Movement Is Here to Stay” [WSJ – 01/20/2023]

ESG is here to stay. That was the message of Bank of America Chief Executive Brian Moynihan as he responded to criticism of the movement pushing companies and investors to consider environmental, social and governance goals.

He added that CEOs view ESG goals such as combating climate change and making their workforce more diverse as integral to the long-term health of their companies.

Fortunately, there is growing pushback to Mr. Moynihan’s eco-communist agenda from elected officials in freedom-loving red states. [Another reminder that we can actually advance our agenda and fight back in the culture wars at state and local levels. That is where your vote is most important. – Buck]

A coalition of a dozen state agriculture commissioners just wrote to Bank of America and five other woke mega-banks (Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo) seeking clarity on those banks’ plans to cripple American agriculture in pursuit of “Net Zero” goals.

“State agriculture officials press banks on involvement with climate bloc: 'We hold serious concerns'” [Just The News – 01/29/2024]

In the Monday letter, the group…warned that "we hold serious concerns over commitments made by your bank as part of the Net-Zero Banking Alliance ('NZBA'), and the potential impacts on the agriculture sector; specifically, food availability and price increases on consumers, credit access for our farmers and agriculture product producers, and overall negative economic consequences."

You’ll not be shocked to learn that the Net-Zero Banking Alliance was created by the United Nations. Its purpose is to encourage powerful financial institutions to use their money and power to impose Net Zero onto their respective countries. And of course, nearly all of the United States’ largest banks have pledged their fealty to this globalist organization that is hostile to our economic freedom.

"Due to the potential impacts to agriculture, we are seeking more information regarding what appear to be troubling environmental commitments by your banks that target our farmers, ranchers, and agriculture producers, with grave consequences for consumers and that undermine the security of our food supply," the group continued.

Will Hild of Consumers Research directed some harsh comments at Brian Moynihan by name…

"By forcing ESG, Brian Moynihan and his cohort have driven the cost of doing business for small family farmers and independent ranchers to astronomical heights…"

Mr. Hild also pointed out that Moynihan and his compatriots’ radical agenda “will put our entire food supply in serious jeopardy.”

Brian Moynihan’s endorsement of ESG and Net Zero as a tool to inflict mass starvation save the planet is certainly disturbing, but to his young communist allies, Moynihan is considered problematic because he’s not moving fast enough.

After Moynihan got back from palling around with his villainous friends in Davos, he was on the dais at an event in Wellesley, MA when a group of young communists interrupted him and chased him out of the room for having not yet destroyed America’s energy industry.

The video is immediately below. Watching Moynihan sit and force a smile while taking abuse from his left-wing political allies is pretty humorous. Even funnier is when he tucks his tail and runs (at the 51 second mark.)

In the spirit of the sarcastic words spoken by Senator Tom Cotton when a woke CEO pled for Republicans to protect his company from government regulators, I’d like Mr. Moynihan to know, ”I’m sorry that’s happening to you. Best of luck.”

While I have less than zero respect for the agenda of the radicals who forced Moynihan to flee from the room, I can’t help but laugh, because he deserves them.

CEOs like Moynihan made a bad choice when they betrayed liberty-loving, free-market conservatives. Corporatist CEOs are starting to learn that we on the right made much better allies than the eco-communists and their angry, young, Bolshevik, street fighters who are now part of their team. Brian Moynihan and his fellow woke CEOs chose poorly.

While on the subject of woke capital, here’s a follow-up to a previous piece.

In my post last week (“P&G Just Took Another $1 Billion+ Charge Against Its Odious Gillette Brand”) about the ongoing fallout from Gillette’s “toxic masculinity” commercial in 2019, I mentioned that I have not been able to find any information about Gillette’s market share for men’s razors since then. A reader using the nickname “Engineer” dug up data showing that Gillette had a 52.8% share of men’s razors and blades in 2019, dropping to 47.3% in 2020.

In one year, Gillette effectively lost 10.4%* of its male customers. That is a massive hit. [*The math is: (52.8 - 47.3)/52.8 = 10.4%].

Finally, my latest piece at The Pipeline was published this week. I’d be honored if you’d give it a read.

Have a great weekend.

[buck.throckmorton at protonmail dot com]

posted by Buck Throckmorton at 11:00 AM

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