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Glenn's Show Prep

Global ESG investments PLUNGED 76 percent with NEGATIVE returns on investment

May 19, 2023
SOPA Images / Contributor | Getty Images
Katarina Bradford

Glenn has been one of the most outspoken critics of the use of ESG by globalist elites to force businesses to comply with their woke agenda. It turns out, not only is ESG bad political practice—it's bad for your wallet too.

Global Investments in ESG Funds PLUNGED 76 percent globally in 2022 from $157.3 billion to $649.1 billion in 2021, with a 20 percent decrease in the U.S. ALONE. This marked the lowest annual net inflow for ESG funds since $69 billion in 2018.


Morningstar via Investopedia

The downturn in ESG investment is largely due to the concerted effort led against ESG led by Glenn and government officials like Ron DeSantis and his anti-ESG 14-state coalition. Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration when determining their investment recipients for state pension and retirement funds. This not only protects critical American industries like oil and gas, but moreover, it protects the First Amendment rights of business owners who don't want to conform to the Left's woke environmentalist and LGBTQ+ standards.

Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration.

However, the massive plunge in ESG investment isn't only attributed to the political pushback against the practice: it also isn't yielding investors the return on investment they were hoping for. In fact, the main ESG funds have a NEGATIVE return on investment.

ESG funds were hit hard by falling equities. One of the largest ESG funds int the U.S., Parnassus Core Equity Fund (PRBLX), fell 26 PERCENT in 2022. This fund performed nearly six percent worse than the S&P 500, which fell 19.44 percent within the same period. Similarly, iShares ESG Aware MSCI USA ETF (ESGU) fell 20 percent, and Vanguard ESG U.S. Stock ETF (ESGV) plummeted 24 percent.

Even the Harvard Business Review admitted investors in ESG have "not fared well":

ESG funds certainly perform poorly in financial terms. [...] Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds [bolded added]. That result might be expected, and it is possible that investors would be happy to sacrifice financial returns in exchange for better ESG performance.

The Harvard Business Review went on to say that ESG funds don't even benefit the environmental and social causes they tout to defend. In fact, when comparing environmental and social compliance between ESG and non-ESG funds, the
"ESG portfolios had worse compliance record for both labor and environmental rules" than their non-ESG competitors.

Let that sink in. ESG funds not only financially underperformed when compared to their non-ESG competitors. They failed to secure the very environmental and social compliance that is central to their original purpose. Missionally, practically, and financially, ESG failure is astounding.

As Glenn has long warned, the only thing that investment firms and governments should be taking into consideration regarding YOUR money is how they can get the best possible return on YOUR investment. We are seeing the detrimental consequences of what happens when woke ideology becomes the basis of investment rather than the recipient's monetary value.

The only thing that governments should take into consideration regarding YOUR money is how to get the best possible return on YOUR investment.

If political conviction alone isn't enough to persuade the general public to ditch ESG, maybe their hurting pursestrings will.

Glenn will show how ESG is being used to further globalist elites' agendas in the second installment of his Great Reset series, Dark Future.To make sure you're caught up and to learn more about ESG, enter your email below to get chapter one of Glenn's first Great Reset book sent straight to your inbox.

Did the Left lay the foundations for election denial?

Chip Somodevilla / Staff | Getty Images

Did Glenn predict the future?

Just a few days after the election and President Trump's historic victory, the New York Times published a noteworthy article titled "How Russia Openly Escalated Its Election Interference Efforts," in which they made some interesting suggestions. They brought up several examples of Russian election interference (stop me if you think you've heard this one before) that favored Trump. From there, they delicately approached the "election denial zone" with the following statement:

"What impact Russia’s information campaign had on the outcome of this year’s race, if any, remains uncertain"

Is anyone else getting 2016 flashbacks?

It doesn't end there. About two weeks before the election (October 23rd), Glenn and Justin Haskins, the co-author of Glenn's new book, Propaganda Wars, discuss a frightening pattern they were observing in the news cycle at the time, and it bears a striking similarity to this New York Times piece. To gain a full appreciation of this situation, let's go back to two weeks before the election when Glenn and Justin laid out this scene:

Bad Eggs in the Intelligence Community

BRENDAN SMIALOWSKI / Contributor | Getty Images

This story begins with a top-secret military intelligence leak. Over the October 19th weekend, someone within the U.S. Government's intelligence agencies leaked classified information regarding the Israeli military and their upcoming plans to Iran. The man responsible for this leak, Asif William Rahman, a CIA official with top security clearance, was arrested on Tuesday, November 12th.

Rahman is one of the known "bad eggs" within our intelligence community. Glenn and Justin highlighted another, a man named Robert Malley. Malley is an Iranian envoy who works at the State Department under the Biden/Harris administration and is under investigation by the FBI for mishandling classified information. While Malley was quietly placed on leave in June, he has yet to be fired and still holds security clearance.

Another suspicious figure is Ariane Tabatabai, a former aide of Mr. Malley and a confirmed Iranian agent. According to a leak by Semafor, Tabatabai was revealed to be a willing participant in an Iranian covert influence campaign run by Tehran's Foreign Ministry. Despite this shocking revelation that an Iranian agent was in the Pentagon with access to top-secret information, Tabatabai has not faced any charges or inquires, nor has she been stripped of her job or clearance.

If these are the bad actors we know about, imagine how many are unknown to the public or are flying under the radar. In short, our intelligence agencies are full of people whose goals do not align with American security.

Conspicuous Russian Misinformation

Chip Somodevilla / Staff | Getty Images

The story continues with a video of a man accusing former VP candidate and Minnesota Governor, Tim Walz of sexual assault. The man alleged to be Matthew Metro, a former student of Walz claimed that he was assaulted by the Governor while in High School. The man in the video gave corroborating details that made the claim seem credible on the surface, and it quickly spread across the internet. But after some deeper investigation, it was revealed this man wasnot Matthew Metro and that the entire video was fake. This caught the attention of the Security Director of National Intelligence who claimed the video was a Russian hoax designed to wound the Harris/Walz campaign, and the rest of the intelligence community quickly agreed.

In the same vein, the State Department put out a $10 million bountyto find the identity of the head of the Russian-owned media company Rybar. According to the State Department, Rybar manages several social media channels that promote Russian governmental political interests targeted at Trump supporters. The content Rybar posts is directed into pro-Trump, and pro-Republican channels, and the content apparently has a pro-Trump spin, alongside its pro-Russia objectives.

Why Does the Intelligence Community Care?

Bloomberg / Contributor | Getty Images

So what's the deal? Yes, Russia was trying to interfere with the election, but this is a well-known issue that has unfortunately become commonplace in our recent elections.

The real concern is the intelligence community's uncharacteristically enthusiastic and fast response. Where was this response in 2016, when Hillary Clinton and the Democrats spent months lying about Donald Trump's "collusion" with Russia? It has since been proven that the FIB knew the entire story was a Clinton campaign fabrication, and they not only kept quiet about it, but they even played along. Or what about in 2020 when the Left tried to shut down the Hunter Biden laptop story for months by calling it a Russian hoax, only for it to turn out to be true?

Between all the bad actors in the intelligence community and their demonstrated repeated trustworthiness, this sudden concern with "Russian disinformation" that happened to support Trump was just too convenient.

Laying the Foundations for Election Denial

Brandon Bell / Staff | Getty Images

This is when Glenn and Justin make a startling prediction: the Left was preparing for a potential Trump victory (remember, this was two weeks before the election) so they would have something to delegitimize him with. They were painting Trump as Putin's lapdog who was receiving election assistance in the form of misinformation from the Kremlin by sounding the alarm on these cherry-picked (and in the grand scheme of things, tame) examples of Russian propaganda. They were laying the foundation of the Left's effort to resist and delegitimize a President-elect Trump.

Glenn and Justin had no idea how right they were.

Trump's POWERFUL 10-point plan to TEAR DOWN the Deep State

Brandon Bell / Staff | Getty Images

Since 2016 President Trump has promised to drain the swamp, but with Trump's new ten-point plan, do we finally have a solid roadmap to dismantle the deep state?

In March 2023, President Trump released a video detailing his plan to shatter the deep state. Now that he is the President-Elect, this plan is slated to launch in January 2025. Recently, Glenn reviewed Trump's plan and was optimistic about what he saw. In fact, he couldn't see how anyone could be against it (not that anything will stop the mainstream media from spinning it in a negative light).

But don't let Glenn tell you what to think! Check out Trump's FULL plan below:

1. Remove rouge bureaucrats

U.S. Air Force / Handout | Getty Images

Trump's first order of business will be to restore an executive order he issued in 2020 that allowed him to remove rouge bureaucrats. Trump promises to use this power aggressively eliminate corruption.

2. Clean and overhaul the intelligence apparatus

SAUL LOEB / Contributor | Getty Images

Next, Trump promises to oust corrupt individuals from the national intelligence apparatus. This includes federal bureaucracies like the CIA, NSA, and other agencies that have been weaponized against the left's political opponents.

3. Reform FISA courts 

Handout / Handout | Getty Images

Trump's next promise is to reform the FISA courts, which are courts tasked with reviewing and approving requests to gather foreign intelligence, typically through surveillance. These courts have been unaccountable to protections like the 4th Amendment that prohibits the government from unwarranted surveillance, resulting in severe government overreach on American citizens, both on US soil and abroad.

4. Expose the deep state. 

Drew Angerer / Staff | Getty Images

Trump want to establish a "Truth and Reconciliation" commission that will be tasked with unmasking the deep state. This will be accomplished by publishing and declassifying all documents on deep state spying, corruption, and censorship.

5. Crackdown on government-media collusion

Andrew Harnik / Staff | Getty Images

Next, Trump will crack down on government "leakers" who collaborate with the mainstream media to spread misinformation. These collaborators purposefully interject false narratives that derail the democratic process within the country. The plan will also prohibit government actors from pressuring social media to censor content that goes against a particular political narrative, as was done, for example, in the case of the Biden administration pressuring Facebook to crack down on Hunter Biden laptop-related content.

6. Isolate inspector generals

MANDEL NGAN / Contributor | Getty Images

Trump promises to physically separate every inspector general from the department they are tasked with overseeing. This way, they don't become entangled with the department and end up protecting them instead of scrutinizing them.

7. Create a system to monitor the intelligence agencies

SAUL LOEB / Stringer | Getty Images

To ensure that the intelligence agencies are no longer spying on American citizens, Trump proposed to create an independent auditing system. This auditing system, created by Congress, would keep the intelligence agencies in check from spying on American citizens or political campaigns as they did on Trump's campaign.

8. Relocate the federal bureaucracy

SAUL LOEB / Staff | Getty Images

Relocating the federal bureaucracy, Trump argues, will keep the internal politics of the individual bureaucracies out of the influence of DC. He says he will begin by relocating the Bureau of Land Management to Colorado.

9. Ban federal bureaucrats from taking corporate jobs

J. David Ake / Contributor | Getty Images

To keep money ties out of politics, Trump proposes that federal bureaucrats should be banned from working at the companies that they are regulating. American taxpayer dollars should not go to agencies run by bureaucrats who cut special deals for corporations, who will later offer them a cushy role and a huge paycheck.

10. Push for congressional term limits

Chip Somodevilla / Staff | Getty Images

Finally, Trump wants to make a constitutional amendment placing term limits on members of Congress. This proposal has been popular on both sides of the political aisle for a while, preventing members of Congress from becoming swamp creatures like Nancy Pelosi who was just re-elected for her 19th term.

The Democrats are turning on Biden

Mario Tama / Staff | Getty Images

The election is over, Kamala Harris has officially conceded, and now the Democrats are doing some serious soul-searching.

After reflecting long and hard (approximately 24 hours), the Democrats have discovered the real reason Harris lost the election. Was it Trump's excellent campaign that resonated with voters? Was it Harris's off-putting personality? Or was it her failure to distinguish herself from the Biden administration's failed policies?

No, it was Joe Biden. All the blame lies on President Biden's shoulders. The Left sees no need to take any real responsibility for the landslide defeat the Democrats suffered earlier this week; just pass the blame on to 'ole Joe.

Here are the leading excuses the Left is spinning up to explain Harris's crushing defeat:

"Biden should have dropped out sooner."

Kevin Dietsch / Staff | Getty Images

This is the crux of the left-wing media's argument against Biden. They claim that if Joe Biden had dropped out earlier, Harris would have had more time to campaign and would not have had to carry around the baggage of Biden's abysmal debate performance. This could make sense, but what these commentators are conveniently forgetting are the years of propaganda these very same people promoted arguing that Biden's declining mental acuity was nothing more than a right-wing conspiracy theory. If Biden had been as sharp as they had told us, why would he have dropped out?

Also, if a lack of time was Harris's biggest issue this election, she sure didn't act like it. She was practically in hiding for the first several weeks of her campaign and she took plenty of days off, including during the last few crucial weeks. More time wouldn't have helped her case.

"Harris failed to distance herself from Biden."

Kevin Dietsch / Staff | Getty Images

This is media gaslighting at its finest. Yes, Harris failed to distance herself from Biden. However, that's because she, along with the rest of the Left, publically went on record defending Biden's policies and his mental acuity. By the time Harris became the nominee, she had already said too much in favor of Biden. Don't forget Harris's infamous “There is not a thing that comes to mind,” quote after being asked on The View if she would do anything differently than Biden. In a way, Harris couldn't separate herself from Biden without drawing attention to the greatest flaw in her campaign: if she knew how to fix the country, why hasn't she?

"Harris did the best anyone could have done in that situation."

Brandon Bell / Staff | Getty Images

But did she really? As mentioned earlier, she was noticeably absent for much of the campaign. While Trump was busy jumping into interviews, events, and rallies non-stop, Harris was MIA. Whenever Harris did manage to make an appearance, it almost always did more harm than good by highlighting her lack of a robust policy platform and her inability to string together a coherent sentence. Notable examples include her aforementioned appearance on The View and her disastrous interview on Fox News with Bret Baier. The point is, even considering the limited time to campaign she had, Kamala Harris wasnot the best person for the job and there are undoubtedly many other Democrats who would have run a much more successful campaign.

Glenn: I'm filled with hope. And you should be, too.

Chip Somodevilla / Staff | Getty Images

The election was a major blow to draconian globalist organizations. Now, we could have a true rebirth of freedom and the American dream.

Millions of people around the world were holding their breath on election night. I've talked to Europeans to try to get a bead on what’s happening over there. There are Europeans like you and me who are frustrated with their own globalist, tyrannical bureaucracies telling them how to live and what to believe. If Donald Trump didn’t win, where in the world would they look to for hope that this madness would stop? Which leader could they count on to stand in the gap against their globalist elites? They, too, had a lot on the line in our election last night.

But today brings hope, not only in America but for freedom-loving people worldwide.

We need to restore the balance of power in the federal government — the way America’s founders intended.

We know Trump is going to stop the madness at the southern border. He is going to deport serial criminals and sex offenders who entered our country under Biden and Harris' watch. The media will try to convince you that deportations are something akin to Hitler, but they turn a blind eye to their Democratic predecessors who have deported even more illegal immigrants than Trump. In fact, Bill Clinton deported more illegal immigrants than any president in U.S. history, shipping 11 million out of the country in the 1990s. In contrast, Trump deported less than a million during his first term, which is even less than the 1.8 million under the Obama administration.

Deportations of criminals who are in our country illegally is critical to protecting the safety of the American people, a practice that has been exercised by presidents for decades.

Our friends across the pond have been witnessing the destruction of their societies since EU globalists opened Europe's floodgates to immigrants in 2015. Crime is rampant, communities governed by Sharia law are multiplying, and their social programs are being pushed to a breaking point. Tuesday night gave them reason to hope. America is going to say, "No more," and perhaps this will be the rallying cry for our European brothers-in-arms to stand up as well.

The election was also a major blow to draconian globalist organizations. The United States will no longer be beholden to the Paris Climate Accords. Our nation will no longer give credence to the World Economic Forum. We won’t give the World Health Organization a single penny more. All these very well-planned globalist initiatives are going away.

But Trump can't act alone. Thank God we won the Senate. This is an incredible step forward, but for these big plans to come to fruition, we need the House. If the Republicans — actual freedom-loving, Constitution-abiding Republicans — don't have the House, you’re not going to be able to get things done except by executive order, which we don’t want to do. One reason things were so bad during the last four years is that Joe Biden simply signed executive orders to reverse everything that Trump accomplished, completely bypassing Congress. We have to do it the right way. We need to restore the balance of power in the federal government — the way America’s founders intended.

One of the most hopeful things Trump said Tuesday night is that we’re going to enter a new golden era in America. I believe him. He could have said that in 2020, and I wouldn't have believed him as much as I believe him now. That’s because Trump now has a team of people that's not exclusively comprised of politicians.

Bringing in somebody like Elon Musk is one of the most hopeful things for our country I've witnessed in my lifetime. I know that guy can cut spending. I know he will find the waste in our government because he's not a government guy — he's a businessman. He's going to slash all the redundancies that have been justified by career bureaucrats for decades. We have a chance of cutting our budget and creating a reasonable one.

Trump’s promise to cut regulations also spells hope for our country. He cut more regulation in his first term than any other president, but Biden and Harris have since added a mountain of rules. He will have his work cut out for him, but he will get it done. He must if this economy will roar again.

We could have a true rebirth of freedom and the American dream, and I find that really hopeful. So many Americans are tired of worrying about their kids struggling and seeing Bidenomics and regulation yank from their children's hands the possibility of the American dream that they attained. Donald Trump is the biggest chance of bringing it back.

Today, I’m filled with hope. Real, tangible hope. And you should be, too.

Editor's Note: This article was originally published on TheBlaze.com.