And Stakeholder Capitalism is likely to fail again.

Klaus Schwab founder and executive chairman of the World Economic Forum says “We should seize this moment to ensure that stakeholder capitalism remains the new dominant model.”

The massive shift, transition to enter a new decade is now finding that big businesses, corporations are under attack. They have been caught single mindedly shovelling money to its shareholders , corporations, CEOs. This is all done at the expense of customers, employees, the environment and society as a whole. World Economic Forum Stakeholder Capitalism  is everywhere., it’s the mantra of the Business Round Table that was announced in 2019 by almost 200 CEOs of the largest corporations in the world.

Stakeholder capitalism is not a new idea, it was launched by the 1932 management classic ‘The Modern Corporation and Private Property’ Author Adolf A Berle and Gardiner C Means. The idea being that public firms should have professional managers would balance the claims of stakeholders, taking into account public policy, for the next 40years this was the general approach of big business in the US. Over the years following this led mass confusion and conflicting claims among stakeholders consequently this became known as the ‘garbage can organizations’. In the 20th century big business, corporations attempt to implement stakeholder capitalism seemed likely to fail.

Cynics have concluded that stakeholder capitalism is nothing more an elaborate public relations stunt espoused by big business to get through the current PR crisis. They say  they say “business will go on doing what it has done since time immemorial: making money for itself”. That the attraction of stakeholder capitalism does not commit business to do anything particular.. Big business, corporations will just go on shovelling money to their shareholders and CEOs while maintaining a public front of social and environmental sensitivity.

Big business must ultimately pay some attention to all the stakeholders, including shareholders. If big business systematically short change stakeholders other than shareholders The stock market may soar in the short term only but the decade long diversion of business income to shareholders will result in staggering incomes for most of the population. Hence inequality consequently increases, populist leaders will emerge and the political consensus will unravel.

One must ask, how did the world end up in this mess? Big business, corporations in political hot water well its because big business, corporations, CEO’s and Philanthropists such as Bill Gates, their sole purpose is to make money for themselves and shareholders.

The New York Times article September 1970 by the future winner of the Nobel Prize in Economics,  Milton Friedman in response to the confusions of stakeholder capitalism  said “Any business executives who pursued a goal other than making money were unwitting  puppets of the intellectual forces that have been undermining the basis of a free society these past decades.

When the firm prioritizes shareholder value above all the other stakeholders, customers, employees, suppliers, society tend to get short changed”

Stakeholder capitalism is an unacceptable form of institutionalized selfishness that breeds on itself.

Each individual act of selfishness leads to another, yet this steadily gained momentum, by the end of the 20th century it had become the gospel of business. Whilst delivering, transferring of assets to the existing owners of shares this does not deliver or benefit the rest of society. It’s a toxic mix of soaring short term corporate profits, astronomical CEO income that had led to median incomes, growing inequality, periodic massive financial crashes, slowing productivity and a widening distrust of large businesses, corporations all for short term corporation profits. In May 2019, the Republican-led Senate Committee on Small Business and Entrepreneurship, faulted CEOs for focusing too much on the next quarter and not enough on the next generation: “Many business leaders,” said the committee chair, Senator Marco Rubio, “seem to care more about returns for shareholders than the people who work for them.”

In 2019 stakeholder capitalism began to dominate political conversation, corporate leaders began to feel under threat grasped for alternatives. It was June 13th 2019 that the World Economic Forum signed an official partnership agreement with the United Nations, became the favoured ‘whisperers in the ear’ of the UN agencies. This surely was a massive non democratic, human rights breech. The collaboration of a global one world public-private corporate governance, where International laws, regulations, agreements etc., would be influenced by the UN partnership with WEF Multi-stakeholder corporations.

Corporations, large businesses with their Dilbert-Style Managers, an absence of clear priorities among stakeholders, CEOs. Unclear in their minds which priorities they should be pursing hence one result was the Dilbert style of management. The famous Harvard Business Review article in 1977: Abraham Zaleznik’s “Managers and Leaders Are They Different?” This article has been published many times.

Firstly the manager focuses attention on procedure not on substance and then focuses how decisions are made, not the decisions to make. The manager is working in a setting where the goals of the organization are neither clear or perceived worthwhile. This is a hierarchical structure, precise role definitions, elaborate rules and procedures that often conflict with managers.

Secondly the manager communicates to subordinates indirectly by “signals”, rather than clearly stating a position. The traditional rule-driven bureaucracy requires both managers and workers to leave their personal views and attitudes behind in the entry lobby, before they enter the workplace. In this world the managers personal  views are irrelevant, the only safe way to communicate is to deploy indirect signals which obscures who wins and who loses. Its not what the manager believes that matters, but what the system requires between different senior managers where managers have no way of knowing what the right answer is.

Hence they play for time waiting for the dust to settle this is a way of always being. On the winning side. These are routines that are played out, up and down the hierarchy. Helps the middle manager to survive and the corporation to make a nice wealthy fortune, this is played out on a daily basis in Corporations, large organizations worldwide.(The Dilbertian Practice). T

3.In announcing the Davos Manifesto 2020, the chair of the World Economic Form, Klaus Schwab argued that there were only three alternatives: shareholder capitalism, state capitalism and stakeholder capitalism. Both shareholder capitalism and state capitalism are now both political poison. So, Schwab argues, the only alternative is stakeholder capitalism.

In opting for stakeholder capitalism, Schwab missed a better option, which is tried and true ‘the free-market enterprise economy’ just what he has always been obsessed with destroying globally, however the United Nations and the World Economic Forum are now together obsessively promoting, accelerating Multistakeholder Corporate Capitalism to be entrenched in all UN Member Nations.

NZ GOVERNMENT PLANS: Iwi/Moari -Co-Governance. Corporate Capture of NZ, Vision 2040-Entrenchment of UNDRIP in NZ. Ramping up Hate Speech, Mass Surveillance, Iwi Constitution, A huge transition to Stakeholder Capitalism but firstly the destruction of the Free Market Economy

The UNDRIP promotes, favours Iwi Elite. Public-Private Corporate Partnerships. The Iwi Elite being the driving force- the driver of this Public Private Partnership vehicle, the NZ Government is the back seat passenger and the public of New Zealand are the roadkill.   Cultural Marxism is a huge problem that exists behind the closed doors of Parliament and this most be exposed. For what it is then Stakeholder Capitalism will fail. We must promote the Free Market economy in NZ

NOTE: The same applies to Iwi Elite Corporations as I have explained above. Short lived self interested profitable wealth. As a trade off Iwi Elite advances the power of the governments Marxist Socialist ideology. A care less attitude towards New Zealand citizens. A huge Democratic deficit.  The truth is out there and I pray the truth will set us all free from this godless selfish evil doing. .

https://www.forbes.com/sites/stevedenning/2020/01/05/why-stakeholder-capitalism-will-fail/?sh=6a4a3b9b785a

CLIMATE CHANGE: Australian Summit held a meeting on 29^th March 2022 as to a matter of ‘Urgency on Climate Change’ . The ‘mining and burning of coal, oil and gas being the primary cause of global heating and is causing more frequent and more intense floods, heatwaves, fires and to protect livelihoods, no new coal, oil and gas projects should be started in Australia’. I have copied those speeches given by Senators who  opposed the Senates Motion I have included their speeches in the Senate

Senator McMahon (Northern Territory) “As always the Greens over exaggerate on Climate Change for their own selfish political purposes. Its disgraceful to politicalise natural disaster and tragedies, trying to score political points on the back of human misery and suffering. Shame on you, shame on you, shame on you for doing that. That’s terrible. He referred to the claims about recent flooding, climate change in Eastern Australia, saying “these do not stack up. In the CSIRO  Climate Change Australia Report shows that rainfall extremes in northern NSW have only been slightly above average and  in South East Queensland they have been average. We have other rainfall records to back this up. He referenced the Brisbane river , a major flood that had happened a month before hand, saying there had been 10 floods that have been far greater over the past 150 years”(CSIRO is the Commonwealth Scientific and Industrial Research)

The Senator added “Some of them are 1852, Gundagai in New South Wales.  – 1916, Clermont in Queensland; also  1934, Melbourne; in 1893, Ipswich, Queensland; and, in 1927, Brisbane, Cairns, and Townsville in Queensland.  The 1917 floods caused 47 deaths, destroyed 16 homes caused an estimated 300,000pounds in damages. These floods are not a new phenomenon as the Greens would have you believe.” He referenced the bushfires. “CSIRO admit there is no evidence linking climate change with bushfires, as stated in the Climate Change in Australia Report. There has been no studies explicitly attributing the Australian increase in fine weather to climate change have been performed at this time. Yet Greens, shockingly try to blame the government policies for the deaths and destruction of property fires”. Adding “it’s a tragedy for someone to lose their life, their home, their livestock and their pets in a flood or fire, we should not be politicalising this and trying to score points on the back of these tragedies”

There are natural weather events, fires, floods, tsunamis, hurricanes and cyclones as long as we have had records. Australia produces  6% of the worlds coal, 3.7% of the worlds gas and o,6%  of the worlds oil. Even if Australia were to shut down all our coal, oil and gas tomorrow it would make no difference to the temperature of the globe or to any natural disasters that the Greens try to pin on the government. He also referred to carbon dioxide emissions by country saying “ China accounts for 29%, USA 14%, India 7%, Russia 4.5%, Japan 3.4%, Germany 2% and Australia 1.1%.” China is running 1,058 coal fired power plants, more than half the worlds capacity. They emit more greenhouse gas than the entire developed world combines. But the Greens want to wreck the Australian economy and our way of life for the massive 1.1% that we contribute.

Europe as at March 2022 was currently paying Russia more than a $1 billion a day for coal, oil and gas. Europe has reduced its own gas production by 30% over the past decade, its consumption has decreased by 13%. They are reliant on Russian gas, this is completed self inflicted. This is why, when Ukraine asked Australia for help to fight Putin, they asked us to send coal, not solar panels ..by Russia with love. The Senator said “isn’t it ironic that the Greens have a slightly well hidden dirty secret.” Their campaigns are actually helped by the funding Putin provides to anti fossil fuel organizations. ‘Funded by Russia with love’. His next topic of focus was ‘food’. “We all know that the composition of fertilisers that we use in the world comes from oil and the gas industry, which the leftists want to stop. They want to step this industry with 45% of the world food production. The Greens not only want you to freeze to death they also want you to starve to death.

Senator Roberts (Queensland) said “Here we go again, the Greens, Labour, Liberal and Nationals seem to think that science occurs when someone says the words ‘the science says’. It’s a lie, a delusion, a dangerous lie and a dangerous delusion. Empirical scientific evidence, measured observations, decide science when presented within a casual framework that proves cause and effect. The Greens never present empirical scientific evidence, scientific evidence showing cause and effect.”

Assessing the Greens statement and implied claims, the senator said “Firstly their claim about increased global heating, the global atmosphere has not warmed since 1995, especially when you include analysis of natural El Nino cycles. There has been no increase for 27 years. The  longest temperature trend in the last 140 years has been the 40 years between 1936 and 1976- 40 years of cooling”. He added “It was warmer by far in Australia in the 1880s and 1890’s, far Warmer than today. Today is now cooler that 97% of the Holocene, that period of history of the last 10,000- years since the last glaciers. There is no heating –END OF STORY”. Senator Roberts also said “They make the statement that the burning of coal, gas, oil is the primary cause. Human use of hydrocarbon fuels lead to the production of water vapour, H2) and Carbon Dioxide. Water vapour has a net cooling effect on the planet. Human Carbon Dioxide is a plant food. Essential for all life on this planet, it increases plant growth as it gets higher in the atmosphere and it has a net cooling effect because of the vegetation.” He then posed the question “does human carbon dioxide affect the level of carbon dioxide in the air”?  He responded to his own question “During the global financial crisis we had a natural experiment for the whole planet. We saw 7% reduction in the level of carbon dioxide produced by human activity, industrial, transportation activity, yet the level of carbon dioxide in the atmosphere continued to increase. So we cut our carbon dioxide and the level of carbon dioxide increased”

The Senator referred to the 2020 secondary planetary experiment with COVID restrictions saying “There was a bigger decrease in human carbon dioxide output level yet the level of carbon dioxide in the atmosphere continued to increase.  Human production of carbon dioxide does not, cannot affect the level of carbon dioxide in the atmosphere- FULL STOP. Nature alone controls the level of carbon dioxide in the atmosphere, regardless of what we do. Each year nature produces 32 times the level of carbon dioxide that we produce. Entire human activity is just one 32^nd of what nature produces”. .Senator Roberts stated “Nature produces 9% of earths carbon dioxide every year. The oceans contain, in dissolved form, 50 to 70 times the carbon dioxide in earths entire atmosphere. Slight cooling the ocean temperatures leads to absorption of carbon dioxide and slight warming leads to release of cardon dioxide into the atmosphere. Nature alone controls the level of carbon dioxide in the atmosphere.  He referred to some of the statistics of floods in Brisbane and South East Queensland in the last 100 years, there were two major floods, in the previous 90years there had been 9 major floods that were in 1893 and 1841 far higher than any recent floods. In the summer of 1893 Brisbane endured 3 floods within 3 months. There was a slight decrease , flattening in frequency and severity. As for todays bushfires they are far less than in the past. Heatwaves are much shorter and much cooler than in the 18880’s, 1890’s. Senator Roberts referred to data produced by the ‘Bureau of Meteorology’

As for Reef Bleaching, he said “its natural, that record cooling in the southern Great Barrier Reef in June 2008 saw the coral bleaching, its caused by symbiosis in the corals. The Senator concluded by saying “who pays for these lies. The people of Australia, especially the poor. The lies that are dishonest, treasonous and a betrayal of Australia and Australians.

Senator Antic of South Australia presented his speech to the Senate saying “here we go again groundhog day, more alarmist rhetoric from the Australian Greens, who have chosen to take up the Senates time moving a motion straight from the mouth of the child prophet of their climate cult, Greta Thunberg.  He referred to the destroying of jobs, industries, livelihoods all across Australia, He voiced concern that if the election went Labours way, there is much more to come, because this will be a ransom for the Greens to support the Labour Government. That every bill, every motion and every vote will depend on the Greens support. He referenced petrol prices having risen dramatically since the outbreak of the Russia-Ukraine war, climbing from $1.60 per litre in December to over $2 just 3 months later.He also said “there appears to be no slowing anytime soon. The US President Donald Trump was absolutely right to work towards making America energy independent, he understood relying on foreign powers, like Russia, China and the Middle East was not a practical option. They do not have our best interests of the West at heart. Their values are not compatible with ours, to remain dependent on energy with them is dangerous”.

The Senator added “Here in Australia we are blessed to have natural resources-oil, coal, gas and uranium. We have the resources to ensure Australia is less dependent on foreign powers. So why don’t we do it?, because we are continuing to pander to nonsense like this.The Greens Left obsession with climate change is making this country weak.. They have failed to grasp the importance of ensuring Australia’s energy independence, ignoring the fact that drilling actually can be done safely and efficiently, that it ensures that Australia does not remain precariously dependent on other nations for our energy security”. He accused the Australian Greens of having little regard for their own country, that they stand on a defence policy platform which seeks to reduce our defence spending. It’s a platform which seeks to splash defence spending at a time when the prospects of conflict are rising every single day”. Senator Roberts then added “If Labour Party make government, they will make Adam Bandt (Green Party) the foreign Minister, then they will send him off with his little hemp bag, he will sit down with Putin and Xi and they will talk about peaceful solutions- conflict resolution- Its hilarious.

On the topic of petrol he referred to Australian families who end up spending more on petrol who will endure tremendous financial strain. They will have less to spend on groceries and other basic living expenses. Petrol and Gas increase then consequently everything else does too. He said “the community are not prepared to stand up to the  petulant ‘Left’, this  movement which has been telling us for the past 50years that we are going to get mass extinction in the next decade, one decade after another. The Greens would rather have us dependent on China, Russia and the Middle East”.

The Senator also spoke about the Norwegian company Equinor that had been forced to full out of drilling in the Great Australian Bight (Sea). “The shamefully celebrating the bullying of these projects out of town, these Green Left activists should put down their French champagne, turn off the Tesla and stand up for Aussie jobs. Australian drilling should be explored, drilled for Australian good, not to aid and abet phoney crony capitalist interests of our strategic foes like the Chinese Communist Party (CCP). Australians need to reject the false prophets of Green Politics. He said “we are blessed to live in Australia with its natural resources which are plentiful, yet we continue to ignore what’s available on our own doorstep just to appease climate cultists”

Senator Roberts referred to the US languishing under increased fuel prices, due to its energy dependence under Biden, who could have kept alive the Keystone XL Pipeline project which would have seen almost a million barrels of oil carried from Canada to Nebraska in one single day. The construction of the pipeline had been revived by Donald Trump after being cancelled by Obama then also to be cancelled by Biden once again. Once again the kowtowing to the Left leaves the West and countries like US in a far more vulnerable position for their non existent greater good of fighting climate change whilst they continue to completely ignore countries like China, India that pollute far more than any western country.

The Senator asked the whole  Senate “How often is the extreme left going to beat the drum of climate action in Australia?. No emissions reductions will every satisfy them, their political relevance has dropped away. Its as if green activists are actually interested not in the environment but just in their job destroying ideology”. As for the invasion of Ukraine, this has  meant that Western nations are thoroughly distancing themselves from Russia which means that a large portion of Australian oil must be sourced elsewhere or from outside Australian borders”.”

“ China has been spouting concerning rhetoric regarding Taiwan for sometime now, and the day may arise some time soon when there is an attempt at an invasion . Australia has to ensure self reliance, that we are not dependent on other countries whose values do not align with our own. Its time to stop pandering to the ideological left. There is no reason for Australia not to be energy independent. To prioritise long term national security, to secure our economy and the wellbeing of the Australian family, there is no other option. So lets start drilling the Australian Bight (Sea)”

Senator Thorpe Victoria said she had just returned from Darwin where she listened to 40 traditional owners, law people and junggavi. (Aboriginal) They told her to give the Senate the following message. “We need the govts to listen to us. We want no fracking in Beetaloo, this is our land, our future, our water, our life’ That Aunty Nancy McDinny told me to tell you that. (The promotion of Indigenous Rights through Climate Change activism). Nancy McDinny said “I’m watching you, our people are watching you and we are coming, you are on notice”. (Like NZ Indigenous- the entrenchment of the UNDRIP)

Senator Ayres NSW said “If the Green political party is going to treat this chamber like a sort of youth model of the United Nations, I prefer it if the motions were a little bit more interesting and original”. It is nothing if not predictable, we got the usual thundering speech at the beginning from the barefoot investor. He referred to the Green Party and their zero achievement. He called them the party of protest,  performance art and street theatre. It keeps them occupied I suppose”.

NOTE: RNZ Reported ‘NZ imported more than a million tonnes of dirty coal in 2020.  Ninety-two percent of the imported coal was from Indonesia, and the vast majority of that was a low grade, high emissions type – sub-bituminous

2019 NZ Geographic reported that NZ burns more imported coal than anytime in the past 15years

15^th March 2021..NZ imported just shy of 1.1 million tonnes of coal in 2020, the most since 2006.(One News)

The closing of Marsden is a huge concern. We have 14days stock of fuel. 14 days emergency stocks kept overseas (off-shore), some of this has already been used. CO2 is a by-product that was produced at Marsden, essential for many facets in NZ. Hospitals, food packaging and much more. Due to Marden closing, low grade bitumen is now used as maintenance on NZ roads.

CAROL SAKEY COMMENTS:- WOW, you would never get opposing parties, MPs in the Beehive opposing Climate Change Legislation, calling it out for what it is as they have in the Australian Senate. Hence, this  tells me just how one sided, one eyed all these MPs in New Zealand’s political  ‘Wasps Nest’ really are. (No opposition).

LINK:

https://aph.gov.au/Parliamentary_Business/Hansard/Hansard_Display?bid=chamber/hansards/25720/@sid=0153

6TH July 2021 David Clark Commerce Affairs Minister announced to the House “the government has agreed to establish a ‘Consumer Right Data’ Framework (CDR) which is otherwise known as ‘Open Banking’. That consumers would be in the drivers seat controlling their own personal information (data) that is also shared with third parties. This is a mechanism requiring data holders, eg; banks, energy retailers, Internet-Phone, transport, health, education whatever essential products, services you purchase in the market place. Refers to your personal data through banks, financial institutions, your transactional information can be shared with third parties in the commercial and domestic marketplace. The government takes control of the market place and your money. Money in and money out- data in and data out.

In 2021 the government implemented a timeline for ‘Open Banking’ CDR which includes engagement, consultation of draft legislation. Thus industry changing factors, outsourcing of regulation, modernization of payments infrastructure and ongoing digital disruption. Incomes, welfare benefits, superannuation etc., will be deposited and distributed to multiple sources of services & products providers. So that customers data can be much easily stolen. The more data that’s shared with third party companies, financial institutions the more risk that your personal information (data) will  fall in the wrong hands.

The Govts Consumer Data Right Strategy (CDR)..Open Banking is a narrative that centres itself on a promise to make it much easier for the consumer, give them greater opportunities as they are being told they will control their own personal information (data).  The ‘You can trust us, a trust building exercise’. The potential risks are inherent in CDR (Open Banking) system. The Govt implements the right to mitigation measures, the govt tells the individual consumer in the business and domestic sector they now have increased control over their own data” NOTE: Banks carry strategic, operational, model, conduct, financial crime and reputational risks. And continued risks as increased volumes of data and speed is consumed. There are hidden costs associated with compliance, risk, security protocols etc.,

Open Banking is a system that has primary components that are namely players- technological, processers, data and a constant evolving risk. The Open Banking playing field expands way beyond the  traditional financial institution, includes Fintech, banks, data aggregators, credit bureaus, payment networks and third party providers (TPPs). Healthcare has even joined the game. As soon as your personal data is shared it is at risk. The misuse of customer data, a third party’s lack of process controls, fraudulent TPP access. A lack of traceability of customer data use, lack of accountability by all parties & data security across devices.

Eg: If a customer went on say a business trip that involved service provider transactions, those transactions may remain as ‘ open status’ for several days & may require hundreds of data transmittals, and dozens of analytical models to support it. Technology risks, platform business model championed by Google, Amazon, Alibaba is what Open Banking is to financial services. Technology- the ‘risk of risks’ is execution risk, failure of platform components to deliver high performance which is required for customer interactions. There are new challenges stemming from data.

The Central Bank Digital Currency (CBDC) is certainly warming up. The process starts with Consumer Data Rights (Open Banking) to ‘Open Finance’. Promoting a framework of so called trust, psychologically sucking people in by namely the term ‘Consumer Data Rights’. (We have lost so many Rights over these past few years, wow we are going to get some Rights and the Govt is going to give them to us. Wow. ) Now the authoritarian government can really control your private data, your data in the wrong hands, third parties, cyber attacks., overseas criminal groups, this can be very dangerous .CBDC’s worldwide are in various stages of evaluation of launching national digital currencies. CBDC’s have come to the forefront with the disruption and restrictions of COVID19. The government wants to track your journey in this ever increasing digital financial world. Faster payments, rapid digitization, a demand for a more efficient domestic, cross border value transfers and ‘financial inclusion ‘

‘Open Banking’ and the ‘Open Financing’ revolution the next step to digital currencies. The adoption of the Government ‘Consumer Data Right’ Strategy (CDR). Open Banking moving to Open Financing to change the banking landscape – the goal ‘Central Bank Digital Currency (CBDC). The dangers of CBDC, there is no limit to the level of control that the govt can exert on people, businesses if money is purely digital and provided directly by the government this means they will have full control of money going in and going out of a persons, a commercial, business account. This is incompatible with ‘freedom’. This is the governments attempt to protect its privileged position, exert more control over peoples lives, their money. The Government saying ‘your money is not really your money’, and your property rights are subservient to the ‘public good’ and the supposed necessity of ‘managing the national economy’.

The International Settlements Central Bankers Report on ‘Future Monetary System’ proclaims the metaphor for the future monetary system like this:- The future monetary system is a tree, its solid trunk is the ‘central bank’ that supports a diverse multi-layered vibrant eco-system of participants and functions however only after the Central Bankers have set the rules. (Reserve Bank of NZ-Is the Central Bank of NZ chief advisory, collaborator with Government- – working with the Treasury) The system serves the public interest but the central bankers define those interests

The authoritarian political control of government is not compatible with economic or political freedoms, therefore limits the protections of Human Rights. The Govts Consumer Data Right Strategy makes consumers choice an unreality.3.Consumers choice is an unreality. Large corporations get greater control. The International Convention of Economic Social & Cultural Rights (ICESR) Article 11 provides for the ‘Rights of All (each one of us-everyone) to an adequate standard of living, adequate clothing, adequate housing, adequate food, an adequate standard of living, a continuous improvement of living conditions

Advancing of digital technologies influence interactions with society to the full realization of Article 11. Which requires access to financial institutions, to a bank account into which your income is paid, to develop credit ratings, apply for home loans, collect welfare payments, superannuation, pay taxes and energy bills, telecommunications – phone, internet, health & education all essential services. All these are reported as promoting social inclusion. Social Inclusion robs people of their individual dignity and human rights. Art 11 ( ICESR) includes other rights that require services for fulfilment, this includes ‘freedom of expression ‘, education, mental & physical health also public participation. Underpinning all of this is ‘privacy’, the foundational rights such as dignity, self-determination for ALL, everyone, each one of us. However advanced technology, data neglects Human Rights and Freedoms.

The real danger of CBDCs is ‘there is no limit to the level of control the govt can exert over people if money is purely digital, this gives them the control of money going in and out of your account. Programmable CBDC is very dangerous, a controlling force over peoples lives, a mechanism for specified behaviour. Like a voucher system is programmed for entry and expiry at certain points in time. Can be only used to purchase certain goods and services. Govt determines how you spend your money, you can’t.

The Reserve Bank of NZ has referred to CBDC as to whether they could support this as a steward of money in the digital future. A Reserve Bank of NZ Executive Summary reports “We characterise our mandates, roles, responsibilities in terms of the Tane Mahuta narrative. Tane and the big trees eco-system. The steward of money and cash in NZ, ensuring that CBDC contributes to a modern inclusive economy. Including the partnering of corporations, large companies with government. Programmes. NZ’s Central Bank-The Reserve Bank of NZ. The govts lead advisor on matters relating to formulating, implementing of monetary policy and all matters related to fiscal policy and financial markets. The Memorandum of Understanding on Information Exchange and Collaboration where the Govt’s Treasury Dept and the Reserve Bank of NZ work together was agreed to in June 2012.

CBDC RISKS- Accumulates sensitive payment and user data on an unprecedented scale, in the wrong hands this data can be used to spy on citizens private transactions, obtain security sensitive details about individuals and business, organizations, groups and can rob them of their money.The unelected globalists at the WEF continue to push schemes -ESG, C BDC whilst calling on governments and businesses to crackdown on ‘misinformation ‘ Remember Arderns war on ‘Free Speech’ Her ‘NZ’s first in the world ‘Algorithm Charter’ 2019

The World Economic Forum representatives of Governments, CEOs of large corporations very influential philanthropists etc., of Multistakeholder Corporate capitalist economies. WEF references the building of ‘Inclusive Eco Systems, Digital ID to provide financial services to households. “A digital ID layer should be developed independently of other parts of payment processes’ WEF Forum, Future Focus 2025. The World Economic Forum (WEF) references:- as hundreds of govts explore fully traceable programmable and permission based digital currencies that will allow central bankers to control what you can and cannot purchase, these CBDCs will require that every citizen have a digital wallet pegged to their Digital ID. The unelected WEF call on governments and corporations to establish rules for Digital ID Governance.

Vaccine passports by nature serve as a digital ID – WEF Feb 2022. Digital ID Future Agency “Next level of data intermediaries (embedded in body, devices, homes, cities etc.,WEF Feb 2022. Digital ID schemes have been on the rise in recent years thanks to vaccine passports which according to WEF Feb 2022 ‘serve as a form of digital ID’. While Vaccine Passports store highly medical data about an  individual the globalists project that Digital ID will expand to include credit history, social media activity, and online purchase behaviours. This is extremely invasive.. Devices in your body, your home and the cities where you live- aimed at collecting as much information about you as possible. Constant surveillance in Real Time.

The transition to a lower carbon economy requires a large rewiring of the global economy with approx. $3.5 trillion of investment needed annually for decades, WEF ‘Future Focus 2025’. Finance plays a pivotal role in facilitating the transition to net zero economy, innovative approaches are needed to bridge the net zero funding gap – WEF ‘Future Focus 2025’. Lumping together digital inclusion, finance and the environment is the concept of ESG scoring for allocating, distributing digital payments with programmable CBDC’s. According to the report ‘Finance plays a pivotal role in facilitating the transition to a net zero economy, innovation approaches are needed to bridge the net zero funding gap.

Rewiring of the global economy is the same as the ‘Great Reset’. Taking advantage of the fight against climate change, of the shock inflicted by the pandemic to implement long lasting and wider environmental changes. Making good use of the pandemic by not letting the crisis go to waste.- COVID19 The Great Reset. Klaus Schwab and Thierry Malleret 2020 ‘Presenting a rare but narrow window of opportunity, to re-imagine, reset our world. Massive exploitation of the Pandemic and Climate Gloom and Doom narrative. Never let a good crisis go to waste.WEF Future Focus 2025 “When lacking data to quantify risks and evaluate their likelihoods, well formed scenarios developed in a collaborative process can help draw out potential impacts, can educate the public on possible threats”

Governments and corporations to invest narratives using behavioural science mechanisms, (manipulating behaviour). Any critical thinking that goes against the WEF narratives label them as ‘Misinformation & ‘disinformation’. Narratives to shape perceptions, which in turn form realities for people, that end up influencing choices and actions. -The Great Narrative, Klaus Schwab & Thierry Malleret 2022. “In the battles for hearts and minds of human beings, narrative will consistently outperform data in its ability to influence human thinking and motivate human action”. In the absence of hard data Future Focus 2025 (WEF) report reiterates the importance of narratives as ‘well formed scenarios’ to ‘manipulate perceptions’

The WEF calls on corporations and governments to regulate misinformation, disinformation on social media. Outsourcing critical thinking, giving all trust to government bureaucrats and unelected technocrats. The 134 page report draws from and supports the WEF platforms dedicated to catalysing a new economy, a new society- The Global Redesign, the Great Reset agenda. A roadmap for steering society to re-engineering people, planet for immense profit of the few by unelected entities.

ESG scoring is not a mandate from the people  but a concept dreamed up by unelected globalists bureaucrats to control the global economy, time to push back. Our Free-market economy has served us extremely well, is innovative, has a significant effect on the countries growth and wealth, provides jobs. A free market economy determined by supply and demand. (Free-market = Freedom Of Choice)

Digital ID, CBDC, ESG, Open Banking, Open Financing, Social Inclusion = Corporate Capture. Corporates the drivers in the front seat, governments as back seat passengers, and the people, small businesses, farmers, rural communities are the roadkill. NOTE: Ardern used NZrs as guineapigs for WEF project  Re-imagining Digital Regulations’

SOLUTION? Ideas- ‘Staying local, bartering systems, get to know your community. Get in the face of politicians from all parties to introduce a Citizens Initiated Binding Referendum and a constitution set in concrete’, more face to face group meetings.

BEWARE OF: Financial Inclusion, Consumer Right Data Strategy,(Open Banking) and Open Financing leading to Central Bank Digital Currency. The Consumer Data Right Strategy is on the governments agenda now

RESEARCH PRODUCED BY: – Carol Sakey

WEF pushes digital ID, CBDC, ESG & crackdowns on ‘misinformation’ in Future Focus report

https://www.finextra.com/the-long-read/222/the-role-of-digital-currencies-in-the-new-era-of-open-finance

https://www.cato.org/commentary/central-bank-digital-currencies-freedom-are-incompatible

https://www.treasury.govt.nz/sites/default/files/2013-01/rbr-3025591.pdf

https://www2.deloitte.com/content/dam/Deloitte/in/Documents/financial-services/in-fs-cbdc-noexp.pdf 36 pages.

https://sociable.co/business/wef-digital-id-cbdc-esg-misinformation-future-focus-report/ WEF Pushes Digital ID, CBDC and ESG in misinformation in Future Focus report July 8th 2022

https://www.teradata.com/Blogs/Look-Out-for-Risks-in-Open-Bankinghe

https://chapmantripp.com/trends-insights/open-banking-one-step-closer-to-reality-in-new-zealand/

https://www.teradata.com/Blogs/Look-Out-for-Risks-in-Open-Banking

https://www.beehive.govt.nz/release/govt-agrees-establish-consumer-data-right

NOTE: CLICK IN THE IMAGE ABOVE WHICH LINKS YOU TO MY RUMBLE VIDEO ON THIS SUBJECT 

QUESTION: Are elderly people with underlying serious health problems and the disabled including children being deliberately culled by some UN Member States that have Euthanasia Policies.

QUESTION; Many elderly in care homes, are receiving shingles, pneumonia, flu, CVID shots and the Boosters, Many of these shots given within a short period of time of each other. Do you believe this is good for their health, is it advantageous or do you think the elderly are being culled.

QUESTION: The worst abortion law in the world was introduced in NZ whilst people had their eyes fixed on COVID19. Is this part and parcel of depopulation globally?

QUESTION: The NZ Govts purchased mainstream media is certainly influencing a vast number of peoples minds. The ongoing crisis events of emergencies, COVID Deaths. Stay in your bubble-its dangerous outside your bubble. The Mandate the significant loss of jobs and small business, the severe struggle the farmers have with the govt using them as their whipping boy. The shortage and huge cost of living, basic living expenses.

The failed Mental Health System. Children not attending schools for long periods of time and many not returning to school. Education being politicised, sexualized. The Govt with its Marxist Class ideology of Pakeha and Maori/Iwi- deliberate separate and divide to cause distention and fragmentation. The favouring of Iwi Elite, pandering to all their wants. Indigenous Constitution, UNDRIP entrenchment. Control of Water. Control of NZ’s environment.

QUESTION: How much did the government know about the COVID 19 shots before they purchased millions of dozes for NZ and Pacific Island? Zilch to very little. Yet they signed an agreement to give Pfizer / Moderna immunity from being held accountable responsible for jab injuries and post jab deaths. ZILCH

NOTE: An official complaint was heard in a Texas Court on January 6^th 2022. By Judge Pittman/ The courts concluded  findings  were based on the complainants seeking of all FDA information as to the authorization of Pfizer jabs that allowed them to market them worldwide.

The court concluded that the request of the complainants is of paramount importance” and referred to excessive administrative secrecy, thus reducing confidence in governments.  The FDA shall produce the 12,000 plus pages of Pfizer information before January 31^st 2022. They will also produce 55,000 pages every 30days – with the first production being due on 1^st March 2022 until production is complete.

NOTE:  It was reported that it will be 2 to 3 years before these documents are made public. In the meantime Pfizer jabs are still being pushed worldwide  including in New Zealand. So if all this important information pertaining to the Pfizer COVID19 jab. This proves N Z Govt knew zilch about the COVID19 jab before they promoted it, demanded it, mandated it.

.NOTE: Pfizer chief Executive had refused to give information about their Pfizer COVID19 jabs had said “NO you are not having it, and NO we won’t give it to you” Hence this is why it had to go through the court process – a case against FDA.  However, again what has Pfizer not told FDA?

What does the Government NOT tell N Z Citizens…They are corruptly reporting false COVID19 death rates. Are not accurately reporting the true death rates of Post jabbed. Heaps and heaps.. As from 10th March 2022 a COVID 19 related death was re-classified in NZ. ‘If a person receives a COVID19 Positive test result and they die within 28 days of that test they are now classified as a COVID19 death. Hence hiking up the number of COVID19 deaths deliberately so . The is highly corrupt and evil, cruel has enormous effects on peoples lives.

The Climate Emergency Gloom and Doom Scam: Targeting the farmers.They do not tell you that their balls-up of the Local Govt Act 2002 had a massive legal loophole in it from day one, and they knew this. No – lets just blame the farmers, lets throw them under the tractor.  This is actually a corporate capture of NZ, a globalised Corporate capture. To replace the free-market economy with a multistakeholder corporate governance . Has huge effects also on all NZrs. No Farmers-No Food.

The  Local Govt Act 2002- the loophole that’s existed for 20 years which govt has deliberately not fixed as allowed businesses, companies to leach heavy toxins, ammonia and other shit like yellow gunge that covers filters in waste water stations, heavy pollutants that run into drains, rivers, out into our water.

 The Government has been asked to amend the Local Govt Act 2002 multiple times and they still turn a blind eye to it. No prosecutions, no fines and hundreds of company breach the Traded Waster Regulations time and time again over this 20 year timed frame. But no the government are more interested in Iwi Elite controlling fresh water in NZ. The waste water has to wait another couple of years Mahuta says. Mahuta is the Minister for Local Government.

Fonterra’s 29 Ghost Farms in NZ. That leaches heavy nitrates into the soil across the land into neighbouring farms bore water. They call it Nutrient farming. Fonterra washes their factories out with this water, and the waste water is piped onto these farms that they have purchased, then sprayed across the land. The cattle have all been removed from these farms. But the sign ‘Beware of the cattle still remains on the gate’. They sell the sprayed grass elsewhere for cattle feed, they call it ‘Cut Grass’. Fonterra admitted this and have had supply many farmers with filters for their bore drinking water.

Water on the stock market is like selling  gold on the stock market. The Corporate Capture of New Zealand. Iwi Corporates have been around for more than a decade.. A Corporate Governance of NZ was reported by the government themselves in 2003. The Corporate Governance= Public Private Partnership, a vehicle where the corporates are the drivers, the government the back seat passengers and  NZr’s the roadkill.The Truth MUST be exposed.   

NOTE: All this information was found in the mainstream media Not Social Media