Are we seeing the revitalization of conservative civilization, all over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values, and it's just the beginning.

I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink and a new conservative age is rising.

Join me every day as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present in light of even better things to come.

This is Turley Talks.

Hey gang, it's me, Dr. Steve, and what can I say? We just keep winning here. First the Supreme Court crushes affirmative action across the nation. Then they just ruled this morning that a website designer doesn't have to comply with woke LGBT activism.

Now we're getting word that BlackRock CEO Larry Fink is backpedaling on enforcing what's called ESG and DEI initiatives, which are just a bunch of more woke nonsense, but it looks like it's all coming crashing down.

Joining me to discuss this bombshell news is Ross Givens, who's an expert stock market trader and instructor.

Ross had an amazing free training yesterday. We're upwards of a thousand of you attended, and the response was so overwhelming.

Ross is offering, he's offering to do a follow up on core free training tomorrow July 1st, which we'll talk about more and do course.

But Ross, welcome back, congrats on yesterday's webinar. I was there, it was amazing.

You were, thank you. Yeah, a lot of Patriots came out, learned a lot. We were really happy with the outcome.

Oh, it was awesome. I'm so glad we're getting it. Thank you for doing a follow up tomorrow. We're talking about more about it into course, but for those who don't know, let's start with some terms here. What are things like EEI and ESG and how is BlackRock in the past been forcing companies to comply with that?

Okay, so, so DEI, which has been in the news recently stands for diversity, equity, and inclusion. And that's the stuff Florida recently outlawed these initiatives.

They're basically legalized racism, just in favor of minorities, right?

ESG is really what's important for stocks. This stands for environmental, social, and corporate governments. So rating agencies give these companies an ESG score based on whether or not they believe they're employing ethically.

Responsible business practices, but here's the important thing, like you said, is how BlackRock forces these companies to comply.

So if a company refuses to bend the knee, so to speak, they will punish the stock. All right, BlackRock manages over $10 trillion, which is just an unfathomable number.

But they're the thousand pound gorilla on Wall Street. So for the last few years, what they've been doing is pushing these, what they call sustainable growth funds, which are just funds full of stocks that have these high ESG scores.

So when a company gets their ESG score downgraded by these company police, these funds dump the stocks, they're selling billions of dollars worth of the stock in which it drives the price down.

But if they play nice and the ESG score goes up, well, now you've got BlackRock throwing billions at the stock, driving the price higher. So the narrative for them, what they tell the everyday investor is, oh, look how much better these good ethical companies perform over these bad guys.

But in reality, it is a self-fulfilling prophecy. They are the ones driving the price up or driving it down based on this, as you said, is woke ESG ranking system and researchers at MIT just completed a very in-depth study on this.

They studied something like five or three thousand six hundred companies, but they concluded that these ESG rating downgrades have a quote pronounced negative effect on the stock from the 24 months, while upgrades have, of course, a positive effect.

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