Tag: Davos

  • Argentina’s Milei rails against wokeism, transgenderism in explosive speech at Davos

    Argentina’s Milei rails against wokeism, transgenderism in explosive speech at Davos

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    Argentinian President Javier Milei rallied against “the mental virus of woke ideology” during a fiery speech at the World Economic Forum in Davos on Thursday.  

    Milei credited the fundamental values of Western civilization, like respect for life and liberty, free speech and freedom of religion, for enabling the Industrial Revolution that lifted “90% of the global population out of poverty.” He then slammed wokeism as the disease that will destroy everything dear to the West. 

    “This is the great epidemic of our time that must be cured. This is the cancer we need to get rid of. This ideology has colonized the world’s most important institutions – from the political parties and governments of leading Western nations to global governance organizations, even NGOs, universities and media outlets,” said Milei, adding, “Western civilization – and even the human species – will not be able to return to the path of progress demanded by our pioneering spirit. It is essential to break these ideological chains if we want to usher in a new golden age.”

    GLOBALIZATION IS OVER AND WE’RE TAKING DAVOS DOWN WITH IT, SAYS WATTERS

    Argentinian President Javier Milei gives a speech after his Inauguration Ceremony at the National Congress on Dec. 10, 2023 in Buenos Aires, Argentina. (Marcelo Endelli/Getty Images)

    Milei did not hold back talking about gender ideology and criticized the left for their radically liberal policies. 

    He castigated those leaders who are “attempting to impose the idea that women are men and men are women simply based on self-perception. And they say nothing about when a man dresses as a woman and kills his opponent in a boxing ring, or when a male prison inmate claims to be a woman and ends up sexually assaulting women in prison.”

    Milei used an example of a same-sex couple in Georgia who were jailed last month for abusing and pimping their adopted boys to a pedophile ring, according to a report by the New York Post. 

    The Argentine leader said, “I want to be clear when I say abuse. This is no euphemism, because in its most extreme forms, gender ideology is outright child abuse. They are pedophiles,” Milei declared.

    KLAUS SCHWAB’S WORLD ECONOMIC FORUM IN DAVOS EXPOSED AS PLACE WHERE ‘CRONYISM CAN FLOURISH’

    Calling Elon Musk a dear friend, Milei put up a furious defense of children against the dangers of transgenderism. 

    “Healthy children are being irreversibly harmed through hormone treatments and mutilation, as if a 5-year-old child could possibly consent to such things, and should their family not agree to this, there will always be state agents ready to step in in favour of what they call the best interests of the child.”

    Musk’s biological son transitioned into a girl a few years ago, which led the billionaire to remark that his child was figuratively “killed” by the “woke mind virus.”

    trans pride flag

    Two trans people hold hands while marching under a trans pride flag in the New York City Pride Parade on June 26, 2022 in New York City. (Alexi Rosenfeld/Getty Images)

    Milei added, “Only now are we beginning to see the effects of an entire generation that has mutilated their bodies, encouraged by a culture of sexual relativism, and these people will have to spend their entire lives in psychiatric treatment to cope with what they have done to themselves. Yet no one dares to speak about these issues. Not only that, but the vast majority have also been subjected to the misguided self-perceptions of a tiny minority.”

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    The libertarian Milei became president in 2023, and the chaotic economy of Argentina has stabilized under his leadership, according to The Associated Press. He was optimistic about his country’s future, calling it a “new Argentina,” but not so much about the state of the world unless wokeism is reversed.

    “Believe me, the scandalous experiments in the name of this criminal ideology will be condemned and likened to those committed in the darkest periods in our history.”

    Milei ended with his often said slogan, “Thank you all very much and long live freedom, damn it.”

    The Associated Press contributed to this report.

  • Trump’s Davos comments reignite debanking controversy

    Trump’s Davos comments reignite debanking controversy

    President Donald Trump on Thursday called out one of America’s largest banks during a question-and-answer session with its CEO during the World Economic Forum, accusing the bank of not offering financial services to conservatives and rekindling a dispute over political debanking.

    Trump told Bank of America CEO Brian Moynihan during the session, “You’ve done a fantastic job, but I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank – and that included a place called Bank of America… They don’t take conservative business.”

    “And I don’t know if the regulators mandated that because of [President Joe] Biden or what,” Trump continued, “But you and [JPMorgan CEO Jamie Dimon] and everybody – I hope you’re going to open your banks to conservatives, because what you’re doing is wrong.”

    Banks including Bank of America and JPMorgan Chase have disputed allegations that politics contributed to decisions to close bank accounts.

    TRUMP CONFRONTS BANK OF AMERICA CEO FOR NOT TAKING ‘CONSERVATIVE BUSINESS’

    President Donald Trump criticized leading U.S. banks over alleged debarking practices during remarks to the World Economic Forum. (Bill Pugliano/Getty Images / Getty Images)

    “We serve more than 70 million clients and we welcome conservatives,” a Bank of America spokesperson told FOX Business. “We are required to follow extensive government rules and regulations that sometimes result in decisions to exit client relationships. We never close accounts for political reasons and don’t have a political litmus test.”

    A JPMorgan spokesperson said in a statement that the bank would “never close an account for political reasons, full stop. We follow the law and guidance from our regulators and have long said there are problems with the current framework that Washington must address.”

    “We welcome the opportunity to work with the new Administration and Congress on ways to remove regulatory ambiguity while maintaining our country’s ability to address financial crime,” the spokesperson said.

    CONSERVATIVE GROUP TAKES AIM AT WALL STREET IN REPORT CLAIMING BIG BANKS HAVE UNDERCUT FIREARMS INDUSTRY

    Brian Moynihan on Mornings with Maria

    Bank of America CEO Brian Moynihan was in attendance during Trump’s Q&A at the World Economic Forum. (Photo by John Lamparski/Getty Images / Getty Images)

    In recent years, Republican attorneys general have sent letters to banks seeking explanations for debanking decisions involving various conservative organizations or businesses involved in controversial industries, like gun dealers.

    Last year, a group of 16 attorneys general wrote to Wells Fargo about the closure of a Florida gun dealer’s account and said they believe the company used debanking as “a political tool to extend the policies of the Biden administration throughout the country.”

    State financial officers have also raised concerns about debanking practices with Wall Street banks, as a group of more than a dozen state treasurers, auditors and controllers wrote to JPMorgan Chase last year to “convey our concern that the bank is engaged in what appears to be politically motivated debanking of certain industries, individuals, and groups.”

    STATE FINANCIAL OFFICERS CALL ON JPMORGAN CHASE TO ADDRESS POLITICALLY MOTIVATED DE-BANKING

    JPMorgan CEO Jamie Dimon

    JPMorgan Chase CEO Jamie Dimon said banks should be able to tell clients more about why they’ve been debanked. (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

    “President Trump is right and I’m glad he is bringing light to the unethical and most likely unlawful behavior of some of the nation’s largest financial institutions,” Montana Attorney General Austin Knudsen told FOX Business. “For years big banks, including Bank of America, have been debanking and discriminating against conservative and religious groups in favor of the left’s woke agenda.” 

    “As Attorney General, I have been calling them out, demanding answers and action from them and I will continue to do everything I can to hold them accountable and bring their bad behavior to light. It’s refreshing to have a President who recognizes the problem and is joining the effort to stop it.”

    REPUBLICAN AGS DEMAND WELLS FARGO ANSWER FOR ABRUPTLY CLOSING GUN DEALER’S ACCOUNT, OTHER WOKE POLICIES

    Ticker Security Last Change Change %
    JPM JPMORGAN CHASE & CO. 265.95 +3.11 +1.18%
    BAC BANK OF AMERICA CORP. 46.39 +0.60 +1.31%
    WFC WELLS FARGO & CO. 77.43 -0.11 -0.14%

    Federal laws and financial regulations can prompt banks to close accounts over concerns about things like money laundering or illicit financial activities, and one prominent bank leader thinks that firms should be able to be more forthcoming with clients about why such decisions are made.

    JPMorgan Chase CEO Jamie Dimon appeared on the firm’s “The Unshakeables” podcast and said in a discussion about challenges crypto firms have encountered with debanking that banks are not allowed to tell clients why they were debanked and their accounts closed.

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    “I think we should be allowed to tell you,” Dimon said. “When we report stuff, the federal government should probably know about it and there should be far clearer lines about what we have to do and what we don’t have to do or things like that.”

    FOX Business’ Breck Dumas contributed to this report.