Aristotle eluded to the term in his writings and it is often used against ranchers who graze public lands.  If you are unfamiliar with the concept, it means that if a resource is communally owned, human nature will dictate that ‘greed” will cause individuals to over utilize the resource to inevitable exhaustion.  When I hear this concept used against agriculture, I get very infuriated.  The development of the original federal grazing system knew that, although the marginal lands were not capable of supporting homesteads, agriculture systems could utilize the land for grazing if there was ample base livestock water developed.  The system understood that permanent resource management had to have a level of private ownership and management which would keep “tramp herds” from moving in and devouring resources before moving on.  (This is where I harp on everyone to make sure they have their domestic and livestock water rights titled in their name with the State Engineers Office.)  With ownership of water on these marginal lands and development of permanent agriculture systems, communities sprang up and the tax base was established.  Grazing Fees were never intended to be considered a lease but an administrative fee to track ownership of the possessory rights.  We now have another dark cloud on the horizon which will upset our rights to the core.

October 4, 2023, the Securities Exchange Commission (SEC) issued a proposed rule to approve the creation of a new investment vehicle, the “Natural Asset Company (NAC).” This new vehicle was created by the Intrinsic Exchange Group (IEG) in partnership with the New York Stock Exchange (NYSE). The IEG was founded by the Rockefeller Foundation with supporting partners including international environmental organizations such as the World Wildlife Fund.

The purpose for this new investment product is to provide a vehicle for elite investors and governments to profit from the protection of natural resources created by climate crisis policies. It is why these same proponents have been calling for the permanent protection of at least 30 percent of the world’s land and oceans by 2023 - the 30x30 agenda. These same actors are also pushing the net zero and decarbonization policies.

These Natural Asset Companies (NAC’s) will have full management control of enrolled lands, including public and private lands with conservation easements.  NAC’s will be publicly traded entities, meaning that they can and will have foreign ownership.  Is the importance of the proposed BLM Conservation Rule becoming perfectly clear?  Another accompanying rule that is buried in the Federal Register is 36 CFR 261, Expanding and Streamline Enforcement Capabilities of USFS Law Enforcement.  No longer would USFS need the approval of the local Sherriff to enforce specific statutes.  If the Sherriff can’t protect the local citizens from USFS, who can?

If you are considering not voting, reread this letter and please reconsider!