Red Ice TV - February 02, 2022


Wall Street Turns Nature & Life Making Processes Into Asset Class Tradable On Stock Exchange

Topics
natural asset companies nature's economy asset class unlocking NACs value nature's economy and Wall Street
Hosted by
Henrik Palmgren Lana Lokteff
Mentioned
Corey Morningstar Douglas Eager Bill Gates Stacey Cunningham Robert Costanza Douglas Eiger Jeff Sprecher Larry Fink Andrea Meza Murillo Robert Hertz Whitney Webb Sidney Webb Bob Eager McKinney Convert Arcadis Nature Soros Blah
Leaving The City, Overcoming Fear, What Is Freedom？ - Benny Wills Covid： An American Biowarfare Attack - Ron Unz

Episode Stats


Length

30 minutes

Words per minute

149.33

Word count

4,588

Sentence count

316

Harmful content

Misogyny

6

sentences flagged

Toxicity

12

sentences flagged

Hate speech

6

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The New York Stock Exchange announced a new asset class, the Natural Asset Companies (NACs) and they are an asset class that seeks to turn nature into financial capital. In other words, nature in and of itself is going to be turned into a financial engine, a tradable asset class. This could be a game-changer.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 The capitalist system always need new, an injection of something to basically sink its teeth into
00:00:08.200 and to ravage something, to squeeze it out, to add it into the global economy and advantage,
00:00:14.180 to put it in debt and so forth, right?
00:00:15.600 That's what we've seen.
00:00:16.920 Over the last few decades, we've seen various nations being dragged into the global economic system.
00:00:21.400 Sweden, my country back in the 90s, we basically kind of had a planned economy.
00:00:27.000 It was still somewhat free market in a sense, but it was still kind of a very locked socialist economic structure that we had.
00:00:36.120 But then we had a couple of economic disasters.
00:00:39.360 They opened up the markets internationally and things like that.
00:00:42.380 We had people like Soros buying up currency, trying to destroy the Swedish krona, which they almost did, right?
00:00:48.460 Early 90s was a massive crash.
00:00:50.520 People have overspent, overborrowed and stuff like that.
00:00:53.080 And so it was like a new victim on the global stage, right?
00:00:55.620 And this has happened to many countries, of course, along the way.
00:00:58.260 And those that refused to create a central bank and set up the system and join the global network and stuff like that,
00:01:02.960 well, many of those countries, of course, have been invaded over the years, right?
00:01:06.060 Afghanistan, Iraq, Libya.
00:01:09.500 You know, there's a slew of examples that we can take, right?
00:01:12.360 Here's a new thing, though.
00:01:14.100 As we come to the end of that era of, like, new victims on the international stage to reach,
00:01:18.840 now they're reaching out into new areas, new spaces.
00:01:23.940 And in this case, they're looking at listing a new natural asset class or natural asset companies,
00:01:33.740 an asset class that is targeting a massive opportunity in the ecosystem.
00:01:38.620 In other words, nature in and of itself is going to be turned into a financial engine, right?
00:01:45.220 An asset class, a tradable asset class.
00:01:49.400 So this is regarding the New York Stock Exchange, but, of course, it's going to extend to other areas, too.
00:01:53.920 Let me review this here.
00:01:55.440 Interesting stuff.
00:01:56.160 The New York Stock Exchange announced, and this is about a month old, the story,
00:02:00.360 announced the launch of a new asset class jointly developed with Intristic Exchange Group,
00:02:06.100 or IEG for short, for natural asset companies, sustainable enterprises that hold the rights to ecosystem services
00:02:16.920 produced by natural, working, or hybrid lands.
00:02:24.460 Think about that for a little bit.
00:02:26.920 Hold the rights to ecosystem services produced by natural, working, or hybrid lands.
00:02:32.120 In other words, natural environment, natural land, right?
00:02:37.560 You utilize that to turn it into an economic force.
00:02:41.320 The new NACs, the natural asset companies, will be listed and traded on the New York Stock Exchange.
00:02:48.420 IEG's founding investors, and, again, that was Intristic Exchange Group.
00:02:54.200 We'll talk more about them in a moment here.
00:02:56.700 Their founding investors included the Inter-American Development Bank and the Rockefeller Foundation.
00:03:04.520 This is totally, totally, totally never the usual suspects.
00:03:08.940 The New York Stock Exchange has also taken a minority stake in the company.
00:03:12.240 According to IEG, NACs, again, a lot of abbreviations here,
00:03:18.180 IEG, the Intristic Exchange Group,
00:03:22.060 NACs, natural asset companies,
00:03:24.580 enable natural asset owners to convert nature's value into financial capital.
00:03:33.580 Convert nature's value into financial capital.
00:03:39.640 Providing additional resources necessary to power a sustainable future.
00:03:47.500 We know what that is.
00:03:49.620 We've talked.
00:03:50.860 This is the green economy and all that kind of stuff that they're talking about, right?
00:03:55.260 But they need new victims.
00:03:57.760 They need new things to inject into this, you know, ever-hungry system.
00:04:02.400 New blood, you know.
00:04:03.540 Give us the stem cells.
00:04:05.340 The acid class was, and the adrenochrome.
00:04:07.160 The acid class was developed to enable exposure to the opportunities created by the estimated
00:04:13.960 $125 trillion annual global ecosystem services market.
00:04:24.840 Encompassing areas such as carbon sequestration, right?
00:04:28.240 Is this a sucking the carbon out of the air?
00:04:31.240 Is that what they're talking about?
00:04:31.840 Biodiversity and clean water.
00:04:35.740 Biodiversity, that literally means anything that's alive, right?
00:04:41.480 Anything that's in the biosphere.
00:04:46.020 So they put a value on this now.
00:04:50.320 $125 trillion annual global ecosystem services market.
00:04:54.260 Is this, is this, they're seeking to take over and run things in nature as an economic service, right?
00:05:06.140 A subscription service, I would assume.
00:05:08.240 Clean water, right?
00:05:09.680 We've talked about the water wars before, of course.
00:05:11.760 That's something that's coming.
00:05:12.560 But, of course, if you can truly, you know, put venture capitalists and the likes of BlackRock and, what's the other one, Vanguard, in charge of providing, you know, of doing clean water as a subscription service, then why not?
00:05:30.700 Including the water that is running out in the, you know, in the, in the, in the rivers out there.
00:05:35.200 Anyway, Douglas Eiger, the CEO of IEG, the Inter-intristic, was that the one, IEG?
00:05:45.240 I forget.
00:05:45.940 No, yeah, Intristic Exchange Group.
00:05:47.620 That's right.
00:05:47.940 He's the CEO of Intristic Exchange Group.
00:05:50.240 Douglas Eiger said, this new asset class on the New York Stock Exchange will create a virtuous cycle of investment in nature that will help finance sustainable development for communities, companies, and countries.
00:06:02.360 Together, IEG and the New York Stock Exchange will enable investors to access nature's store of wealth and transform our industrial economy into one that is more equitable.
00:06:16.540 Blah, blah, blah, blah, blah.
00:06:17.980 Equity, diversity, sustainability.
00:06:21.780 We know what that means in there.
00:06:22.860 That means ravage, take advantage, fool people into going along with it because it sounds good, right?
00:06:28.260 In order to enable, well, to me it doesn't sound good, but, you know, equity doesn't sound good to me, but, you know, you know what I'm saying.
00:06:34.800 In order to enable investors to value the ecosystem services generated by NACs, IEG has also developed an accounting framework to measure ecological performance to complement GAAP financial statements.
00:06:48.260 In consultation with former FASB chairman Robert Hertz and leading accounting firms, the New York Stock Exchange stated that it will develop and seek SEC approval for unique listing requirements tailored to NACs and incorporating IEG's accounting methodology.
00:07:06.780 IEG and the New York Stock Exchange would then begin working with the first NACs to help prepare them for listing and trading as publicly held entities on the New York Stock Exchange.
00:07:18.660 Stacey Cunningham, the president of the New York Stock Exchange Group, said, with the introduction of natural asset companies,
00:07:25.060 the New York Stock Exchange plans to provide investors and innovative mechanisms to financially support the sustainability initiatives, blah, blah, blah, blah, blah, blah, blah, blah, they deem critical to our future.
00:07:34.560 Our work with Intristic Exchange Group is another example of the New York Stock Exchange tapping into our community to drive our community to drive meaningful progress on ESG issues with a solution-based approach.
00:07:48.540 New York Stock Exchange's new investment vehicle natural asset companies will tap into ESG fever.
00:07:54.540 America's most iconic stock exchange wants to bridge the gap between nature and the concrete jungle that is Wall Street.
00:08:01.500 God, there's a lot of ads here.
00:08:02.360 With investors now closely scrutinizing the environmental, social, and governance, or ESG credentials of companies, the New York, is that some new ESG, environmental, social, and governance, corporate governance?
00:08:16.040 We've heard a lot about that.
00:08:16.860 Is this the, it's some new fad of like how, well, what's your ESG score, right?
00:08:21.780 You have to provide, you have to prove that you're like, how diverse your company is for getting a high score on certain things, right?
00:08:27.900 It's, it's, I would assume it's part of that thing.
00:08:29.720 I could be wrong.
00:08:30.600 I haven't heard too much about it, but that's what it sounds like, you know?
00:08:34.260 And they claim it's, well, this is to keep, you know, companies accountable and to, so that they do the right thing and stuff.
00:08:39.280 And it never works in that, it never works in that capacity.
00:08:41.900 And it's always, it's always a trick up their sleeve, essentially.
00:08:44.920 So anyway, the New York Stock Exchange on Tuesday unveiled a partnership two years in the making with Intristic Exchange Group to open up investment opportunities in what IEG calls nature's economy.
00:08:57.420 There haven't historically been mechanisms to encourage the capital formation necessary to preserve, restore the natural assets that ultimately underpin the ability for there to be life on earth.
00:09:08.020 So they're seeing that, they're seeking themselves to become an intermediary, a financial campaign.
00:09:38.020 Capitalist, market-driven intermediary between you, essentially, right?
00:09:43.920 And, and, and life on earth in and of itself, or, or biodiversity, nature.
00:09:50.300 So the big board is helping create one.
00:09:53.300 The New York Stock Exchange has developed a new kind of listing vehicle that will be called a natural asset company, or NAC.
00:09:58.800 Using NACs, is this, is this some new fad, kind of like EFTs, right?
00:10:03.240 The new, new things got to show up that, that, that people get excited about financially and start investing and pouring money into those things.
00:10:08.920 Using NACs, governments, farmers, and other owners of natural assets will be able to form a specialized corporation that holds the right to the ecosystem services produced on a given chunk of land. 0.98
00:10:24.440 Holy shit. 0.97
00:10:25.640 Services like carbon sequestration or clean water. 0.99
00:10:28.900 Then the company will tap the U.S. public markets by way of the New York Stock Exchange, like any other entity would.
00:10:35.520 The difference is that instead of using the capital raised to shore up a balance sheet, fund M&A, or buy back stock down the road,
00:10:45.260 NACs will use the funds to help preserve a rainforest, or undertake other conservation efforts,
00:10:51.720 like changing a farm's conventional agricultural production practices to regenerative methods.
00:10:56.960 Oh, well, that sounds wonderful.
00:10:58.380 I'm sure there's nothing, I'm sure there's, what could possibly go wrong letting these people take over the natural processes of life on Earth itself?
00:11:07.460 In return, investors will get access to a new form of sustainable investment,
00:11:12.680 a space that has enthralled the likes of BlackRock CEO Larry Fink over the past several years,
00:11:18.880 even though there remain big unanswered questions about it.
00:11:22.220 A 2020 report from the U.S. SIF Foundation, not sure what that is, a non-profit, okay, I explained it here, thank you,
00:11:29.080 a non-profit that advocates for the adaptation of sustainable investing,
00:11:32.140 found that out of every three dollars, the dollars under professional management in the U.S. at the end of 2019
00:11:39.420 was managed with a sustainable investment strategy.
00:11:42.620 Oh, wonderful.
00:11:43.180 Our hope is that owning a natural asset company is going to be a way that an increasingly broad range of investors
00:11:50.720 have the ability to invest in something that's entristically valuable.
00:11:55.320 That's right, because we are basically taught, you know, even with like things like modern monetary theory
00:12:00.080 and things like that, we just, everything is just basically theoretical.
00:12:03.880 And of course, crypto is very much the same, although you buy crypto for actual, you know, U.S. dollars and things.
00:12:08.420 But if you think about it, nothing's backed by anything anymore, it's not, you know, not gold-backed,
00:12:13.660 it's just, you know, numbers on screens, essentially, that's what it is, right?
00:12:16.580 So there isn't anything there behind it.
00:12:18.860 So this would kind of make sense that they will want to try to attach, I mean, nature has an economic value to us
00:12:25.900 because we're dependent on it, so I understand that.
00:12:29.600 But this is a different thing altogether.
00:12:31.040 This is to intervene and put themselves in between, right?
00:12:33.920 When public, an NAC will be required to file financial statements in accordance with the U.S. accounting rules,
00:12:40.080 just like any other public-traded company.
00:12:41.980 However, IEG, whose investors include the Intra-American Development Bank, we talk about that,
00:12:46.340 the Rockefeller Foundation, and Abadair Ventures,
00:12:50.060 has also developed a framework to measure the ecological performance of an NAC
00:12:53.760 as a way to make up for any gaps in the traditional metrics.
00:12:57.600 There's a lot of words there.
00:12:59.280 But what does it all mean? 0.99
00:13:01.540 It means we'll fuck you over, and we'll start patenting nature, 0.99
00:13:06.800 and we'll get to that in a moment, by the way. 0.95
00:13:07.900 Okay, so it might become available as soon as next year, according to that, if approved by the SEC.
00:13:12.640 So here's the company, IEG, Intristic Exchange Group.
00:13:17.800 The solution.
00:13:21.480 An inclusive economy, let's say here.
00:13:23.820 So this is the company that's given, they're working on this new asset class together with the new stock exchange.
00:13:28.800 This is the guys behind it, right?
00:13:29.700 IEG harnesses the very market forces that have intensified many social and environmental problems
00:13:35.940 to instead create abundance, resilience, and compelling investment opportunity
00:13:41.420 by including natural assets in the mainstream of the economy.
00:13:45.200 We are pioneering a new asset class based on natural assets
00:13:48.240 and the mechanisms to convert them to financial capital.
00:13:51.740 These assets are essential, making life on Earth possible and enjoyable.
00:13:58.540 Look at how they frame that, though.
00:14:00.700 They're assets now.
00:14:01.560 These capital assets are now essential in making life on Earth possible and enjoyable.
00:14:08.220 Look at how they're intervening themselves, putting themselves in between here.
00:14:10.960 They include biological systems that provide clean air, water, foods, medicines, a stable climate,
00:14:16.720 human health, and societal potential.
00:14:19.360 The potential of this asset class is immense.
00:14:21.720 Nature's economy is larger than our current industrial economy.
00:14:25.300 And we can tap this store of wealth and productivity to protect and grow nature
00:14:31.340 and to transform our economy to one that is more equitable, resilient, and sustainable.
00:14:38.480 All the buzzwords from the green movement, right?
00:14:41.120 And the anti-white equity, that's what that is, all the anti-white stuff, right? 0.81
00:14:45.640 The IEG toolset connects our social, totally valued with economic and ecological realities.
00:14:53.400 What does that even mean?
00:14:55.540 What does that even mean?
00:14:56.880 This is a show here.
00:14:58.760 I assume this is the official New York Stock Exchange YouTube account.
00:15:02.480 It's a long, it's a podcast, you have 44 minutes or whatever.
00:15:05.860 Listen to the introduction.
00:15:07.160 It's not the CEO, Douglas Eager, that's the CEO of Intristic Exchange Group, talking here,
00:15:12.300 but it's the guy introducing it.
00:15:13.460 But just look at how it's framed and stuff like that and how they're explaining this.
00:15:17.660 This is a new, exciting, unlocking the value of nature with Intristic Exchange Group.
00:15:23.220 Human innovation is on a constant journey to use technology to create new innovations for old problems.
00:15:30.480 The archive of this podcast is filled with conversations with people who looked at an industry
00:15:35.760 and realized that the status quo was limited, not by potential, but by outdated ways of doing business.
00:15:42.240 Often, new solutions are built on platforms that use artificial intelligence and machine learning
00:15:48.160 to collect, analyze, and act on data sets far larger than any human could hope to review.
00:15:54.940 Take Jeff Sprecher and ICE, for example.
00:15:57.480 ICE's network of exchanges allows investors to unlock value and access liquidity
00:16:02.240 created by converting value into a tradable instrument.
00:16:06.440 Over two decades, Jeff has taken the basic idea of using technology to make trading easier
00:16:12.160 to access the world of energy, oil, agricultural products, interest rates, equities, and now
00:16:17.920 mortgages, just to name a few.
00:16:20.560 Sometimes, though, new problems can be fixed using old solutions.
00:16:25.380 That brings us to the topic of our conversation today.
00:16:28.140 The New York Stock Exchange and Intrinsic Exchange Group just announced that they're jointly developing
00:16:33.460 a new class of publicly traded assets called natural asset companies, or NACs.
00:16:39.660 The idea is a revolutionary way to unlock the values stored in the environment, the natural world around us,
00:16:46.800 by leveraging the 500-year-old solution of using an equity exchange to allow trading and investment in an asset.
00:16:54.440 It's estimated that natural assets produce $125 trillion in value annually,
00:17:01.020 and that's four times the total value of all the companies listed on the NYSE.
00:17:06.320 These natural asset companies have the potential to offer more than just an investing opportunity.
00:17:12.020 As Stacey Cunningham, president of the NYSE, said recently,
00:17:14.940 with the introduction of NACs, the NYSE plans to provide investors an innovative mechanism
00:17:20.960 to financially support the sustainability initiatives they deem critical to our future.
00:17:26.860 Our guest today, Douglas Eager, is chairman and CEO of Intrinsic Exchange Group,
00:17:31.720 the organization that we're working with on this effort to tap into our community
00:17:36.040 to drive real progress on ESG issues with a solutions-based approach.
00:17:40.880 He'll unpack his vision for unlocking the value of the environment
00:17:44.660 and how NACs can be key to creating a more equitable, sustainable economy.
00:17:50.240 Our conversation with Douglas Eager is coming up right after this.
00:17:54.980 Board diversity is important. Board diversity is important.
00:17:58.480 Board diversity is important. Board diversity is very important.
00:18:01.420 Not just because it's the right thing to do,
00:18:03.620 but because diverse leadership at companies creates better companies.
00:18:07.780 So that's the ad they run right after.
00:18:12.960 More diversity. Less white people is much better. 0.81
00:18:16.940 And also, let's now take over nature and run it as a service, right? 0.57
00:18:21.480 NACs will not only allow ecosystems to become financial assets,
00:18:25.560 but the rights to ecosystem services or the benefits people receive from nature as well.
00:18:32.700 These include food production.
00:18:34.620 Of course, we've talked about the taker of the farms,
00:18:37.340 the states paying people off to dispose and destroy crop, right?
00:18:41.580 Bill Gates buying up all of the farmland and stuff.
00:18:44.000 This is part of that. Reshuffling. Everything.
00:18:46.540 Tourism. Clean water. Biodiversity. Pollination.
00:18:49.260 Pollination.
00:18:50.620 Can you imagine when they patent a bee
00:18:52.500 or even start replacing the bee with a nano,
00:18:56.020 not a nanobot, but like a robot version of it or something like that?
00:18:59.300 Who do you think is going to pay for pollination? 1.00
00:19:03.140 That's going to be a service.
00:19:05.440 A financial and tradable equities on the market with money.
00:19:09.980 You know, carbon sequestration and much more.
00:19:14.560 IEG is a current partner with Costa Rica's government
00:19:16.520 to pilot its NAC efforts within that country.
00:19:19.440 Costa Rica's Minister of Environment and Energy, Andrea Meza Murillo,
00:19:22.220 has claimed that the pilot project with IEGs
00:19:27.220 will deepen the economic analysis of giving nature its economic value
00:19:34.560 as well as to continue mobilizing financial flows to conservation.
00:19:42.000 With NACs, the New York Stock Exchange and the IEG,
00:19:47.660 the intrinsic exchange group,
00:19:49.580 are now putting the totality of nature up for sale
00:19:52.580 while they assert that doing so will transform our economy
00:19:56.940 to one that is more equitable, resilient, and sustainable.
00:19:59.740 It's clear that the coming owners of nature 0.75
00:20:02.760 and natural processes will be the only real beneficiaries.
00:20:07.940 Per IEG, NACs first begin with the identification of natural assets
00:20:12.700 such as a forest or a lake,
00:20:15.740 which is then quantified using specific protocols.
00:20:18.620 Such protocols have already been developed by related groups
00:20:21.760 like the Capitals Coalition,
00:20:23.620 which is partnered with several of IEG's partners
00:20:25.840 as well as the World Economic Forum
00:20:28.060 and various coalitions of multinational corporations.
00:20:31.460 Then, an AAC is created
00:20:33.480 and the structure of the company decides
00:20:35.740 who has the rights to that natural asset's productivity
00:20:39.080 as well as the right to decide
00:20:40.700 how that natural asset is managed and governed.
00:20:43.300 Lastly, an AAC is converted into financial capital
00:20:49.500 by launching an initial public offering,
00:20:51.520 so an IPO on the actual natural asset, right?
00:20:56.560 This is incredible.
00:20:57.680 On a stock exchange like the New York Stock Exchange,
00:21:00.080 this last stage generates capital to manage the natural asset
00:21:03.120 and the fluctuation of its price on the stock exchange
00:21:06.240 signals the value.
00:21:07.140 Can you imagine when they start looking at,
00:21:14.660 well, how do we increase productivity of the natural asset, right?
00:21:19.540 When the board meeting happens on this NAC,
00:21:22.100 the natural, or the NAG, was it the group,
00:21:26.920 the actual company, right?
00:21:28.920 That's formed around the natural, you know, source.
00:21:32.660 Can you imagine when they say,
00:21:36.320 well, why is it only producing,
00:21:38.900 you know, whether, let's say it's pollination or something,
00:21:40.700 which, you know, then leads to honey or something,
00:21:42.600 or some other value that they've attributed
00:21:45.120 to a function in nature and say,
00:21:47.020 well, why is it, why don't we have more?
00:21:49.040 It's just one example, right?
00:21:52.320 Well, I think we can improve that.
00:21:53.900 We have, we can genetically update this.
00:21:57.420 Why don't we intervene?
00:21:58.560 Why don't we help nature along?
00:22:00.140 We have this new nanotechnology now
00:22:01.840 where we have a genetic improvement.
00:22:04.700 Well, what if we,
00:22:05.640 can we use these CRISPR technology on these trees
00:22:08.020 so they grow better and produce more,
00:22:10.520 you know, pine cones?
00:22:12.160 And then we'll make more, you know,
00:22:13.280 or whatever, however silly this sounds now,
00:22:15.580 but you see what I'm saying?
00:22:16.680 This is a way for the economic system
00:22:20.720 to take over the functions in nature
00:22:22.380 and to then turn them into an economic engine
00:22:27.340 to squeeze more money out of, right?
00:22:29.620 So here's an image that they use here too.
00:22:32.340 From IEG, the source, right?
00:22:34.080 Identifying a natural asset, the first step.
00:22:37.220 Work with natural asset owners
00:22:39.100 to identify sites with substantial ecosystem services
00:22:42.280 or potential for ecosystem restoration.
00:22:45.960 Two, create a natural asset company.
00:22:47.700 We talked about that.
00:22:48.340 Rights to natural asset productivity.
00:22:50.180 Owners could be citizens, government, investors,
00:22:52.120 other stakeholders, board of directors,
00:22:53.760 management slash employees,
00:22:55.580 management and governance of natural asset companies.
00:22:57.920 And then finally, number three, convert to financial capital.
00:23:02.120 The capital market process.
00:23:04.040 IPO of natural asset company,
00:23:06.260 which leads to a financial capital
00:23:08.600 or a financial capital being created, right?
00:23:11.460 That will generate capital to manage the natural asset.
00:23:14.300 Price signals value of natural capital,
00:23:16.260 generates funds for conservation
00:23:17.420 and sustainable projects and practices.
00:23:19.180 Sounds great, right?
00:23:20.020 However, the NAC and its employees, directors and owners
00:23:24.440 are not necessarily the owners of the natural assets itself
00:23:27.120 following this final step.
00:23:28.460 Instead, IEG notes, as IEG notes,
00:23:31.020 the NAC is merely the issuer,
00:23:33.100 while the potential buyers of the natural asset,
00:23:35.260 the NAC represents,
00:23:36.880 asset the NAC represents can include
00:23:40.020 institutional investors, private investors,
00:23:43.260 individuals, institutions, corporations,
00:23:44.980 sovereign wealth funds,
00:23:46.520 and multilateral development banks.
00:23:48.360 Thus, asset management firms
00:23:50.120 that essentially already own much of the world,
00:23:52.160 like BlackRock,
00:23:53.300 could thus become owners
00:23:54.440 of soon-to-be monetized natural processes,
00:23:58.920 natural resources,
00:24:00.240 and the very foundations of natural life itself.
00:24:05.180 Sounds great, doesn't it?
00:24:06.460 Don't you trust?
00:24:07.900 Literally hand or sell the earth to these people?
00:24:10.260 Not even selling it.
00:24:11.080 They just come in and put a value on it
00:24:13.500 by their protocol.
00:24:15.320 And then let's run an IPO on that and raise funds.
00:24:20.760 Both the New York Stock Exchange and IEG
00:24:23.020 have marketed this new investment vehicle
00:24:24.900 as being aimed at generating funds
00:24:27.000 that will go back to conservation
00:24:28.100 or sustainability efforts.
00:24:29.580 However, on the IEG's website,
00:24:31.220 it notes that the goal is really endless profit
00:24:33.180 from natural processes and ecosystems
00:24:35.360 that were previously deemed to be part of the commons,
00:24:37.980 i.e. the cultural and natural resources
00:24:40.140 accessible to all members of society,
00:24:41.760 including natural materials such as air,
00:24:44.220 water, and a habitable earth.
00:24:47.320 Per the IEG,
00:24:48.780 as the natural asset prospers,
00:24:50.380 providing a steady or increasing flow
00:24:52.300 of ecosystem services.
00:24:54.200 But what does that actually mean?
00:24:56.480 You know what I mean?
00:24:57.260 The company's equity should appreciate accordingly,
00:25:00.060 providing investment returns.
00:25:01.640 Shareholders and investors in the company though,
00:25:04.820 sorry,
00:25:07.100 shareholders and investors in the company
00:25:09.240 through secondary offers
00:25:10.860 can take profit by selling shares.
00:25:13.960 These sales can be gauged to reflect
00:25:17.020 the increase in capital value of the stock,
00:25:21.460 roughly in line with its profitability,
00:25:24.100 creating cash flow based on the health
00:25:26.060 of the company and its assets.
00:25:27.540 Researcher and journalist Corey Morningstar
00:25:30.560 has strongly disagreed with the approach
00:25:32.120 taken by the NAC
00:25:33.240 or the New York Stock Exchange
00:25:34.900 and the intrinsic exchange group
00:25:37.180 and views NACs as a system
00:25:39.560 that will only exacerbate
00:25:40.760 the corporate predation of nature
00:25:42.160 despite claims of the contrary.
00:25:44.300 Morningstar has described NACs as
00:25:45.640 Rockefeller et al. 0.98
00:25:47.460 letting the markets dictate
00:25:48.740 what in nature has value
00:25:50.880 and what does not.
00:25:51.880 Yet, it's not for capitalist institutions
00:25:53.540 and global finance
00:25:56.200 to decide what life has value.
00:25:58.820 Ecosystems are not assets.
00:25:59.960 Biological communities exist
00:26:01.060 for their own purposes,
00:26:02.560 not ours.
00:26:05.780 Anyway,
00:26:06.400 and I think we've covered enough here,
00:26:07.800 but you get the idea.
00:26:08.860 They continue to go through here.
00:26:10.900 A new way to loot,
00:26:11.900 which is what I open with.
00:26:12.920 This is what they always do.
00:26:13.860 They always need new victims and stuff 1.00
00:26:15.880 and now they're turning to nature
00:26:17.340 and somehow someone has valued
00:26:19.180 this nature's economy.
00:26:20.440 goods and services,
00:26:23.740 $125 trillion.
00:26:25.040 Asset value,
00:26:25.800 $4,000 trillion.
00:26:29.260 And that's according to then,
00:26:30.220 I guess,
00:26:30.420 the World Bank,
00:26:31.260 asset value,
00:26:32.540 Arcadis,
00:26:33.200 McKinney's,
00:26:34.040 and Robert Costanza.
00:26:36.460 Yeah,
00:26:36.660 because Robert Costanza et al.
00:26:38.920 from 2014,
00:26:39.880 who wouldn't trust that guy
00:26:41.520 to value nature
00:26:43.040 at $4,000 trillion.
00:26:45.900 How do we tap into that?
00:26:49.100 It's incredible, right?
00:26:50.440 The NACs open up
00:26:56.540 a new feeding ground
00:26:57.600 for predatory Wall Street banks
00:26:59.260 and financial institutions
00:27:00.420 that will allow them
00:27:01.140 to not just dominate
00:27:02.020 the human economy,
00:27:03.180 but the entire natural world.
00:27:05.840 In the world currently
00:27:07.200 being constructed
00:27:07.960 by these related entities,
00:27:10.280 where even freedom
00:27:11.020 is being reframed,
00:27:12.100 not as a right,
00:27:12.840 but as a service,
00:27:13.620 the natural processes
00:27:14.440 on which life depends
00:27:15.420 are similarly being reframed
00:27:17.180 as assets,
00:27:17.780 which will have owners.
00:27:20.900 These owners will ultimately
00:27:21.960 have the right in this system
00:27:23.460 to dictate who gets access
00:27:25.700 to clean water,
00:27:26.600 to clean air,
00:27:27.260 to nature itself,
00:27:28.420 and at what cost.
00:27:30.600 According to Corey Morningstar,
00:27:31.740 one of the aims
00:27:32.280 of creating nature's economy
00:27:33.720 and neatly packaging it
00:27:35.300 for Wall Street
00:27:36.000 via NACs
00:27:36.880 is to drastically advance
00:27:39.280 massive land grab efforts
00:27:40.800 made by Wall Street
00:27:41.620 and the oligarch class 0.90
00:27:42.640 in recent years.
00:27:43.760 This includes
00:27:44.300 the recent land grabs
00:27:45.260 made by Wall Street firms
00:27:47.580 as well as billionaire
00:27:48.640 philanthropist
00:27:49.680 and vaccine killer enthusiast
00:27:51.920 Bill Gates
00:27:53.200 during the COVID crisis.
00:27:54.780 Of course,
00:27:55.000 he bought that up then,
00:27:55.740 right?
00:27:56.900 However,
00:27:57.360 the land grabs
00:27:57.980 facilitated through
00:27:58.940 the development of NACs
00:28:00.020 will largely target
00:28:00.960 indigenous communities.
00:28:02.820 Sure.
00:28:03.060 Yeah,
00:28:03.260 white people won't suffer from...
00:28:04.380 Thank you,
00:28:04.780 Sydney Webb,
00:28:05.480 for clarifying that.
00:28:06.380 White people won't really 1.00
00:28:07.740 suffer from this,
00:28:08.860 Whitney Webb.
00:28:10.700 That's one of the issues
00:28:11.640 with this.
00:28:12.040 It's always this
00:28:13.600 largely targeted indigenous...
00:28:15.480 How is this...
00:28:16.920 All right,
00:28:17.620 whatever.
00:28:21.880 So then it's worse.
00:28:24.620 It's always that,
00:28:25.460 right?
00:28:26.160 It's fine.
00:28:26.880 I mean,
00:28:27.020 I'm not for that or anything.
00:28:28.080 I'm not saying that,
00:28:28.540 but it's always that,
00:28:29.300 like,
00:28:29.920 well,
00:28:30.120 it's happening to...
00:28:31.780 White people, 0.98
00:28:32.660 it doesn't matter 0.97
00:28:33.220 if it's happening to Europeans.
00:28:34.120 If Europeans lose
00:28:35.220 their lands
00:28:35.660 and they lose access
00:28:36.540 to their nature,
00:28:37.940 it's not on the same level
00:28:39.900 of suffering.
00:28:40.640 It's indigenous communities 0.63
00:28:42.020 because whites aren't 0.99
00:28:43.000 indigenous to anywhere,
00:28:44.220 right?
00:28:46.380 All right,
00:28:47.000 so you get that little bit
00:28:47.920 of poison in there too,
00:28:48.780 but there you go.
00:28:49.320 Still net positive,
00:28:50.620 very good article,
00:28:51.600 very good expose 0.91
00:28:52.740 of these crazy capitalists 0.98
00:28:56.840 and these people 0.99
00:28:57.420 at Wall Street,
00:28:58.720 people like Larry Fink,
00:29:00.680 people like Bill Gates,
00:29:01.600 all these other ones
00:29:02.220 at these companies.
00:29:02.960 What was his name?
00:29:04.000 Eager?
00:29:04.640 Bob Eager?
00:29:05.460 What was his name again?
00:29:06.900 I forget what it was,
00:29:07.880 but something to look out for,
00:29:09.720 ladies and gentlemen.
00:29:11.700 Something to be aware of
00:29:13.540 because this is
00:29:14.780 absolutely insane.
00:29:17.820 Absolutely insane.
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