Jan. 7, 2024
I object to the passage of this rule because: ..1. NACS rule is proposing the sale on the NEW YORK STOCK EXCHANGE of shares in national assets (i.e., land, minerals and rare earth elements, air, water, etc., in national and state parks, conservatory agreements, land easements, etc.) clearly belonging to the American people. THE SUPREME COURT HAS ALREADY RULED AGAINST THE SALE OF NATIONAL LAND ASSETS BELONGING TO THE PEOPLE. For the many Americans who love our country and know its history, we remember during the Trail of Tears era when our Federal Government bought all of the Cherokee land east of the Mississippi from five Cherokee chiefs for $5 million. This financial transaction greatly offended the Cherokee people because the Federal government had bought the land knowing the five chiefs had no legal right to sell it because it was owned by all of the Cherokee people. The Cherokee Nation fought this in the American courts until 1906 when the Supreme Court ultimately ruled against the Federal government.--it said the land belonged to the Cherokee people--not the Cherokee chiefs. The national assets being discussed in this rule clearly belong to the American people--not to our Government's leaders! 2. There is no accepted accounting system existing in the financial world for determining the actual legal value of the vast majority of America’s national assets—HISTORICALLY, A MAJOR REQUIREMENT BEFORE ALLOWING A COMPANY TO BE LISTED ON THE US STOCK EXCHANGE HAS BEEN THAT THE COMPANY MUST USE AN APPROVED AND WIDELY USED ACCOUNTING SYSTEM. We cannot bend to the demands being made by the UN, WEF, China, etc., to develop and use a “third-world imaginary ”accounting system nor can we allow the New York Stock Exchange to "churn" our national assets for the personal gains of the uber rich countries or the uber rich people around the world. I've heard estimates of the gains from selling our national assets on the New York could exceed dollar values of $5 QUADRILLION and 111,000-150,000 trades per year. 3 THIS PROPOSAL IS UNAMERICAN: The American people have resisted ESG to the point that Vanguard’s CEO has made public statements that the company will ensure that all management officials are fulfilling their fiduciary responsibilities in looking out for shareholders’ best interests--even Larry Fink is much less aggressive regarding ESG these days. This proposal reeks of Marxism and its distributive economy where playing by the PARTY'S RULES IS NECESSARY TO PLAY AT ALL! this proposal could be an attempt to provide a means for the UN, China and other US enemies to buy CONTROLLING INTERESTS in our national assets on the NEW YORK STOCK EXCHANGE. 4. ONCE CONVERTED, the NATIONAL ASSETS CONVERSION IS PERMANENT: Once an asset is determined to be a NATIONAL ASSET, THE DECISION CANNOT BE REVERSED; This plan is an attempt by the UN and the Communist nations within the UN to destroy America. It is connected to the 30 x 30 and similar MARXIST policies whose primary goals are to restrict private ownership of land. Its “sustainability” requirements must be followed lockstep forever—long after the entire world has realized the climate has always been and will always be changing. Terrill W. Putnam