Silicon Valley Bank (SVB), the 16th largest Federal-insured bank in the US, which embraced Environmental Social Governance (ESG), the tool and strategy of the UN and its vision for a new world order, has become a casualty of ESG.
Significantly, the mass media have ignored the real reason for SVB’s collapse because it clashes with their new world order narrative. ESG policies involve promoting green-energy projects and other so-called progressive initiatives.
According to the Washington Examiner, SVB made substantial loans to 1 500 start-up climate tech firms, most of which had no collateral or ability to service debt. Indeed, most of their directors had no banking experience.
SVB’s investing strategy, guided by ESG objectives, caused its undoing. Another ESG adherent, Signature Bank, which has also collapsed, prioritised compulsory seminars for…