Impact Investing is steering capital away from critical U.S. industries, limiting access to capital for companies that support U.S. energy independence, second amendment rights and basic American values. Every week a new endowment, bank or fund announces a new Impact Investing strategy that further limits capital flows to essential industries. Freedom Capital seeks to reverse that trend by profitably investing in critical industries that support America’s prosperity, security and freedom.
By Jeff McClure, Breitbart News, June 1, 2016
If only the widespread progressive movement that has taken over our college campuses and the mainstream press would stay out of our pocketbooks! If only the University of Massachusetts’ decision to sell its investments in fossil fuel holdings was part of a fringe movement. Trouble is divestment movements and activist socially responsible investing movements are mainstream and are attacking the very industries that make America great. We’re talking about industries that support our energy independence, Second Amendment rights, agriculture independence and free enterprise.
If we think socially responsible investing is a fringe movement, it’s time to think again. Socially responsible and other forms of impact investing now influences $6.57 trillion or one in six professionally managed dollars in America. The United Nations has cajoled the managers of $59 or half of global capital into signing their “Principals for Responsible Investing”. Lots of this is your money and you may not know that the bank where you hold your deposits or your pension manager may have decided to divest of companies you value.
The bottom line is this is a dirty business – big institutions have co-opted your money and is using it to their lofty progressive liberal ends that are damaging to our national and personal freedoms.
It’s one thing when the press and college campus rhapsodize about the merits of an unsustainable belief system, it’s quite another when capital markets actors redline critical industries because of a bias. This is nothing short of economic Jihad and it needs to be stopped.
Jeffrey M. McClure is the CEO of Freedom Capital Investment Management, the first American Impact investment fund