Jan. 12, 2024
If the SEC allows the creation of NACs, its Commissioners will be party to a massive fraud designed to buy up on credit (mainly from foreign investors) vast tracts of American land. According to Kevin Stocklin: “The current plan by the New York Stock Exchange (NYSE) [is]to create Natural Asset Companies (NACs), which would buy up land rights throughout America. NACs would pool investors’ money from around the world to buy the rights to public and private land in the United States and limit its use to ‘sustainable’ endeavors.” The NYSE is owned by the Intercontinental Exchange (ICE), a business entity founded in 2000. ICE is a front company whose real ownership is totally opaque, with unknown controllers. Under the Tenth Amendment, states retain the rights that the Constitution has not delegated to the national government. The SEC, whose Commissioners have taken an oath or affirmation to support the Constitution, has no legitimate business in enabling a land grab by foreign or supranational (the United Nations) entities that will override the Tenth Amendment’s protection of states’ rights.