Attorney General Letitia James: *xNY.io - Bank.org is excited to announce our campaign, "2025 SUMMER OF LOVE" from April 15, 2025 through December 15, 2025.* - *xNY.io - Bank.org will not stand for the Mayors of Istanbul and New York City being potentially disenfranchised for xNY.io - Bank.org's benefit.* *Regina Caeli - papez Lev XIV:* - https://www.facebook.com/share/r/1AHpK9bwrC/ xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. Thank you, Gunnar ✌️ -- *Gunnar Donald Arthur Peter Larson * *xNY.io <http://www.xny.io/> - Bank.org <http://bank.org/>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> - Entrepreneurship and Innovation (ip) G@xNY.io +1-917-580-8053 New York, New York 10001 On Tue, Apr 1, 2025, 10:24 PM Gunnar Larson <g@xny.io> wrote:
Attorney General Letitia James:
xNY.io - Bank.org is now in day five of seven concerning our New York False Claims Act hiatus for SpaceX Corporation's benefit.
*xNY.io - Bank.org was mentioned in an Aljazeera video: *
- Former United States Senator Vance made claims againsts xNY.io - Bank.org sharing this information visavie video footage captuted in Greenland: https://aje.io/nyam7z
xNY.io - Bank.org denounces the video's assertions of xNY.io - Bank.org being potentially jailed by sharing the Greenland speech.
Attorney General James, xNY.io - Bank.org will never forget how the Mayor of New York City potentially bated xNY.io - Bank.org's founder Gunnar Larson into 'Mein Kampf' rederidic.
- As reported by the New York Post: https://nypost.com/2025/02/17/us-news/mayor-adams-bizarrely-invokes-mein-kam...
Eric Adams' recent Bloomberg feature also talks about how he approaches lieing; While also mentioning xNY.io - Bank.org.
*Mayor Eric Adams: *
Mayor Adams claims that once lies are repeated overand over again, the public is apt to believe the said untruths.
- https://www.bloomberg.com/news/videos/2024-07-17/mayor-eric-adams
xNY.io - Bank.org is lucky to be able to defuse Mayor Adams' 'Mein Kampf' sologanering with the film below, thanks to Ms. Marianne; One of the world's celebrated thought leaders in the human potential movement.
*God Shall Not Be Mocked _ Marianne Williamson.mp4:*
Ms. Williamson's overarching theme is that even with lies, there is a Peace that can end all Wars.
- https://drive.google.com/file/d/11pjjWigYW53M5vjHA12scgRgoVWFt1OT/view?usp=d...
*xNY.io - Bank.org has collated 36 quotes from Ms. Williamson's film:*
- "You will reap what you sow, you will get what you put out..."
- "I am healing you, but go and sin no more..."
- "If you go back to the think that produced this diseased condition, the symptom will return..."
- "The laws of cause and affect, like all spiritual laws, are there for your protection...
- "You can't live lovelessly whether you are an individual or a nation..."
- "Your problem is not that you do not believe in love. Your problem is that you do not believe in love only..."
- "Can you imagine Jesus going, 'I have my limits.'? Can you imagine Buddha going, 'I have my limits.'?"
- "Love is only real when it is limitless..."
- "Karma is colletive..."
- "All a nation is, is a collection of individuals..."
- "We grow through the oops..."
- "Every thought creates form on some level..."
- "Look at all the hate vibrations that get put into the world... We are really good at it."
- "Nothing is going to change until we change on the level of cause..."
- "Some people would rather die than change their minds..."
- "If we don't do it, then who do we think is going go do it. So it begins inside us..."
- "At the deepest level, the solution lays beyond the body..."
- "These are not discrete events..."
- "We can support each other in leaning in to the ways of enlightenment..."
- "The Universe keeps a perfect set of books..."
- "A real spiritual seeker is a spiritual grown-up..."
- "Enough with the fake horror..."
- "It's not about that, grow up..."
- "It doesn't matter where you got your character defects, what matters is they are your now..."
- "We place ourselves in service to our country and to our world..."
- "And we know we are joined by millions of other people who feel as we do..."
- "There is no more powerful doing than changing one's mind..."
- "And we glory in this change of mind..."
- "And devoting ourselves to being part of the change..."
- "And knowing countries too can change..."
- "Love, not any other goal, shall be the goal of our lives. And the goal of our nations. And the goal of our species..."
- "The trajectory of history shall change..."
- "And tears shall be no more..."
- "So we present ourselves to you, use us, work through us..."
- "...For the Peace that ends all War."
- "The love that rules all things..."
xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.
Thank you,
Gunnar Larson -- Gunnar Donald Arthur Peter Larson
*xNY.io - Bank.org* 917-580-8053 NEW YORK, NEW YORK 10001
On Tue, Apr 1, 2025, 3:22 PM Gunnar Larson <g@xny.io> wrote:
Attorney General Letitia James:
xNY.io - Bank.org is now in day four of seven concerning our New York False Claims Act hiatus for SpaceX Corporation's benefit.
- Ms. James, xNY.io - Bank.org founder Gunnar Larson was a writer at LitigationFinanceJournal.com, or Legal Funding Journal in 2022. - *Litigating Universal Cognitive Liberty January 17, 2022 Commercial, Premium* is an article Gunnar wrote. - Discussing Freedom of thought as recognized by the Universal Declaration of Human Rights (UDHR). - Gunnar is a *Freedom Forum Scholar*, of Al Neuharth, founder of USA Today. - The Bill and Melinda Gates Foundation's *Gates Millennium Scholars Program* recognized Gunnar as a Scholar in 2003.
The semantics empowering freedom of thought as a human right hold new opportunities for modern international recognition of the right to cognitive liberty.
xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.
PEACE,
Gunnar Larson ✌️ -- Gunnar Donald Arthur Peter Larson
*xNY.io - Bank.org* 917-580-8053 *NEW YORK, NEW YORK 10001*
---------- Forwarded message --------- From: *Gunnar Larson* <g@xny.io> Subject: Litigating Universal Cognitive Liberty January 17, 2022 Commercial, Premium
Check out my recent article: https://litigationfinancejournal.com/ litigating-universal-cognitive-liberty/
Litigating Universal Cognitive Liberty
Freedom of thought is recognized by the Universal Declaration of Human Rights (UDHR). Interestingly,, cognitive liberty is not recognized as an international human right. Some want to change that, making the argument that humanity has the right to be free to think whatever they want (freedom of thought).
The Ottawa Citizen reports <https://ottawacitizen.com/news/national/defence-watch/military-leaders-saw-pandemic-as-unique-opportunity-to-test-propaganda-techniques-on-canadians-forces-report-says> that the Canadian armed forces have launched ‘psychological operations’ as an experiment in government propaganda to counter civil disobedience. International human rights scholars are quick to point out that the lack of protection of cognitive liberty in such instances is due to the relative lack of technology capable of directly interfering with mental autonomy at the time the core human rights treaties were created.
Similar to a ransomware attack, the technology behind such operations can be abused. Canada is said to have exploited advanced technologies without the authority to do so. Even worse, it is alleged that Canada forcefully abused technology in the unsanctioned production of reports that appeared to be aimed at cognitive activities of Canadians.
- Other reports highlight similar technologies being explored by the New York City Police Department. - In 2021 <https://gothamist.com/news/city-settles-lawsuit-protesters-who-accused-nypd-firing-sound-cannon-them>, members of the National Lawyers Guild won $650,000 in litigation financed fees from abuse of the technology in New York.
The semantics empowering freedom of thought as a human right hold new opportunities for modern international recognition of the right to cognitive liberty. On Mon, Mar 31, 2025, 8:22 AM Gunnar Larson <g@xny.io> wrote:
Dear Attorney General Letitia James:
*SAY CHEESE: Elon Musk rallies the crowd at his Wisconsin town hall in support of flipping the state's supreme court to a conservative majority.*
- https://www.facebook.com/share/r/15DFioWBqY/ - https://www.facebook.com/share/r/1APKmLsJ5y/
xNY.io - Bank.org is now in day three of seven concerning our New York False Claims Act hiatus for SpaceX Corporation's benefit.
- Ms. James, over July 2022, Ms. Marianne Williamson traveled to Melbourne, Australia to give a lecture presentation. - Ms. Williamson's Melbourne, Australia lecture's subjects included Letitia James (yes, you Madam Attorney General) and Gunnar Larson.
*xNY.io - Bank.org was sincerely honored to be included in a lecture as subject profiling Letitia James, Attorney General of New York State and Gunnar Larson, co-founder of xNY.io - Bank.org. *
*Marianne Williamson Live in Melbourne, Australia ｜ July 2022.mp4:*
- https://drive.google.com/file/d/10GI5UDN7PVLcShqj0S_N7E28lpC-vkeC/view?usp=d...
During Ms. Williamson's July 2022 Melbourne, Australia lecture she outlines the state of innovation in New York State and Australia.
Fun fact: Gunnar Larson earned his undergraduate degree at Bond University on Australia's Gold Coast, Queensland.
xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.
Thank you,
Gunnar Larson -- Gunnar Donald Arthur Peter Larson
*xNY.io - Bank.org* 917-580-8053 NEW YORK, NEW YORK 10001
On Sat, Mar 29, 2025, 7:44 PM Gunnar Larson <g@xny.io> wrote:
Attorney General Letitia James:
xNY.io - Bank.org is now in day one of seven concerning our New York False Claims Act hiatus for SpaceX Corporation's benefit.
- *Given the gravity of the situation, xNY.io - Bank.org will submit a hiatus update nearly daily to AGNY until the hiatus has expired.*
xNY.io - Bank.org contacted SpaceX on May 21, 2022, in-part with 16 footnote references details.
*xNY.io - Bank.org, PBC | Memo #1 - Potential SpaceX Interlocking Directors’ Intent to Manipulate Markets:*
- https://drive.google.com/file/d/1DHl-KhSX0JVICu6pCnLUBtXKNoxWgjJE/view?usp=d...
xNY.io - Bank.org's May 21, 2022 memo to SpaceX was followed by xNY.io - Bank.org attending a Reuters Next Newsmaker event with Jens Stoltenberg Secretary General of NATO on September 21, 2022 (below).
- xNY.io - Bank.org was able to ask NATO Secretary General Jens Stoltenberg a pointed question about Cyprus, a world leader in cryptocurrency graduate education. - Mr. Stoltenberg addressed xNY.io - Bank.org's Cyprus question vaugly.
Ms. James, if there is no meaningful progress during the seven day New York False Claims Act hiatus for SpaceX Corporation's benefit, xNY.io - Bank.org will launch a NATO and WorldBank.org New York False Claims Act equivalent, symaltaniouly.
- xNY.io - Bank.org could seek injunctive relief, if necessary, to prevent being critical of exploiting AGNY D&O insurance. - xNY.io - Bank.org could explore preventing any irreparable harm for NATO's benefit. - xNY.io - Bank.org would do this ondependent of Cyprus and Turkey, who are in an active war.
*Ms. James xNY.io - Bank.org aims to preserve a historic relationship with NATO. Turkey is a NATO member, Cyprus is not. *
Ms. James, xNY.io - Bank.org is following news of Istanbul's Mayor under incarnation. xNY.io - Bank.org will not stand for escalating the Cypus war visavie New York City Mayor Eric Adams' blackballing of UN.org for xNY.io - Bank.org's benefit.
*Ms. James, xNY.io - Bank.org will not stand for the Mayors of Istanbul and New York being disenfranchised for xNY.io - Bank.org's benefit.*
For example, on March 12, 2021 (below), xNY.io - Bank.org received news from GS.com promoting:
- Launch of the One Million Black Women Initiative. - John Waldron Interviews NATO Secretary-General. - Institutions Sharpen Focus on Crypto Assets.
May 21, 2022, September 21, 2022 and March 12, 2021 yield certain opportunities for xNY.io - Bank.org to benefit NATO without alleged WorldBank.org enteprise software fraud.
- xNY.io - Bank.org and UN.org and WorldBank.org have not colluded against NATO's benefit.
*xNY.io - Bank.org aims to foster a strong relationship with NATO, similar to xNY.io - Bank.org's legacy UN.org consultancy.*
AGNY will find a reference memo from Mr. Gunnar Larson's coordination of the United Nations Audio Visual Library of International Law that could be *recended* if xNY.io - Bank.org colluded against NATO's benefit.
*Reference: LA/COD/8/4 12 November 2008*
- https://drive.google.com/file/d/1DUXexz8SfvkDM4HYgpD4SiArj7dbvOJL/view?usp=d...
Finally, xNY.io - Bank.org has conducted exclusive interviews with United Nations Secretary General Ban Ki-moon.
AGNY will find a photo with United Nations Secretary General Ban Ki-moon and Mr. Larson after an exclusive interview at United Nations Headquarters in New York on March 6, 2015.
*Exclusive today with United Nations Secretary-General Ban Ki-moon: *
- https://www.facebook.com/share/19wnWBsWFe/
Perhaps without any fault of thier own, SpaceX directors may be indirectly associated to WorldBank.org software fraud that could negatively impact xNY.io - Bank.org's hopeful NATO relationship.
- Being clear, xNY.io - Bank.org will not rest until our UN.org and NATO relationships are evolved beyond any potential WorldBank.org software fraud. - SpaceX directors may not be able to act due to conflicts. - These potential conflicts may be outside SpaceX control. - Similar to One Million Black Women and cryptocurrencies mentioned in the March 12, 2021 GS.com newsletter below.
xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.
Thank you,
Gunnar Larson -- Gunnar Donald Arthur Peter Larson
*xNY.io - Bank.org* 917-580-8053 NEW YORK, NEW YORK 10001 xNY.io - Bank.org
---------- Forwarded message --------- From: *Reuters Next Team* <next@1.reutersevents.com> Date: Tue, Sep 20, 2022, 1:04 PM Subject: Jens Stoltenberg, NATO - Reuters Newsmaker, September 21 To: <g@xny.io>
[image: 35a.reuters-color.png] <https://www.reuters.com/?utm_campaign=5677-20SEP22-WK10-ROW%20TA%20%28Newsmaker%29&utm_medium=email&utm_source=Eloqua&elqTrackId=5026d5ca125e42f988b3b4f9c349929b&elq=3c58aa430bc44e4793e960b114ecab86&elqaid=76358&elqat=1&elqCampaignId=68102>
*Virtual Event* *Reuters NEXT Newsmaker* with Jens Stoltenberg *Secretary General* *NATO*
Wednesday, September 21, 2022 9.00am EDT // 1.00pm GMT Register now <http://events.reutersevents.com/reuters/newsmaker/jensstoltenberg?utm_campaign=5677-20SEP22-WK10-ROW%20TA%20%28Newsmaker%29&utm_medium=email&utm_source=Eloqua&elqTrackId=daacce839b694af8a976010af51ce276&elq=3c58aa430bc44e4793e960b114ecab86&elqaid=76358&elqat=1&elqCampaignId=68102> [image: Jens Stoltenberg's headhsot] <http://events.reutersevents.com/reuters/newsmaker/jensstoltenberg?utm_campaign=5677-20SEP22-WK10-ROW%20TA%20%28Newsmaker%29&utm_medium=email&utm_source=Eloqua&elqTrackId=ede355b4be93460e814b5acf91cd143d&elq=3c58aa430bc44e4793e960b114ecab86&elqaid=76358&elqat=1&elqCampaignId=68102>
Please join us for a Reuters Newsmaker featuring NATO Secretary General Jens Stoltenberg on September 21, at 9.00am EDT.
Stoltenberg, the former Norway Prime Minister who has headed up the North Atlantic Treaty Organization (NATO) since October 2014, has long been a strong supporter of greater global and transatlantic cooperation.
In a conversation with Reuters Editor-in-Chief Alessandra Galloni on the sidelines of the United Nations General Assembly in New York, Stoltenberg will discuss the latest developments in the war in Ukraine, which he has called the most dangerous situation in Europe since World War Two, and the future of NATO as a fast-changing geopolitical landscape raises new threats for the decades-old defense and security alliance.
*In partnership with:* [image: 220.sponsor_4_black.png] <http://events.reutersevents.com/reuters/newsmaker/jensstoltenberg?utm_campaign=5677-20SEP22-WK10-ROW%20TA%20%28Newsmaker%29&utm_medium=email&utm_source=Eloqua&elqTrackId=894d3c82357d47caa805e1f7175434c2&elq=3c58aa430bc44e4793e960b114ecab86&elqaid=76358&elqat=1&elqCampaignId=68102> Register now <http://events.reutersevents.com/reuters/newsmaker/jensstoltenberg?utm_campaign=5677-20SEP22-WK10-ROW%20TA%20%28Newsmaker%29&utm_medium=email&utm_source=Eloqua&elqTrackId=daacce839b694af8a976010af51ce276&elq=3c58aa430bc44e4793e960b114ecab86&elqaid=76358&elqat=1&elqCampaignId=68102>
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*From:* Briefings from Goldman Sachs <briefings@gs.com> *Date:* March 12, 2021 at 12:53:52 PM EST *To:* g@vrnetworks.co *Subject:* *Launch of the One Million Black Women Initiative…John Waldron Interviews NATO Secretary-General…Institutions Sharpen Focus on Crypto Assets* *Reply-To:* "Briefings from Goldman Sachs" <briefings@gs.com>
[image: Goldman Sachs] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac1f> [image: BRIEFINGS] March 12, 2021
Goldman Sachs Launches One Million Black Women Initiative
[image: https://www.goldmansachs.com/our-commitments/sustainability/one-million-blac...] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac20>
“When we looked at the United States, it became clear that if you wanted to make a long-term economic difference, you had to start by supporting Black women,” said Goldman Sachs Chairman and CEO David Solomon, on the launch of *One Million Black Women*, the firm’s initiative to narrow opportunity gaps for Black women by investing $10 billion and committing $100 million in philanthropic capital for capacity-building grants over the next decade. The effort will target investments to support Black women at key moments in their lives and address the significant disadvantages they face across a range of economic measures, including access to housing, healthcare, education and capital. The firm will work with an advisory council of Black leaders from leading corporations, nonprofit organizations and government, who will play a critical role in driving the initiative forward.
*Learn more about the One Million Black Women <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac21> initiative.* Black Womenomics: Investing in the Underinvested <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac25>
The *One Million Black Women* initiative draws on insights from Goldman Sachs Research’s new *Black Womenomics* report, which delves into the 90% wealth gap between Black and white households, its relationship with the broader economic disadvantages Black women face, and the public and private investment opportunities that can help close the divide. The report contends that addressing structural economic disparities would make for not only a fairer but also a richer society: The authors estimate that confronting the wage gap alone (which accounts for two-thirds of the wealth gap and widens throughout Black women’s working life) could add over one million jobs to the U.S. economy, and increase annual GDP by $300-450 billion in current dollars. Read report <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac26> View infographic <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac27> SHARE: [image: twitter] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac28> [image: facebook] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac29> [image: LinkedIn] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2a> [image: email] <?subject=Black%20Womenomics&body=https%3A%2F%2Fwww.goldmansachs.com%2Finsights%2Fpages%2Fblack-womenomics-f%2Fblack-womenomics-report.pdf> Talks at GS With NATO’s Jens Stoltenberg <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2b> Above (L to R): John Waldron of Goldman Sachs and Jens Stoltenberg of NATO
As secretary-general of NATO, Jens Stoltenberg leads a political and military alliance that was designed to maintain a delicate peace in the shadow of World War II—a coalition that's since evolved to include climate change as a key focus for its 30 member nations. “Climate change—global warming—is what we call a crisis multiplier,” says Stoltenberg, who spoke with Goldman Sachs President and COO John Waldron in a recent episode of *Talks at GS*. “It will increase the competition for scarce resources, for water, for land. It will force people to move,” he says. “I'm not saying that climate change is the only reason for crisis and conflicts, but it may exacerbate and fuel and multiply the consequences of different conflicts in many places in the world.” The secretary-general envisions a three-part approach to the threat. “The first thing NATO should do, and we are starting to do that, is to have the best possible understanding of the link between climate change, global warming, and security threats and conflicts,” he says. “The second thing we should do is that we need to adapt the way we conduct our [military] missions, operations—how we do our work. Because we have to understand that the military, they operate, at least mostly, out there in nature.” Last is the alliance’s own role in contributing to climate change. “We could try to reduce emissions,” says Stoltenberg, “because today’s military operations are normally extremely energy consuming.” Watch video <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2c> SHARE: [image: twitter] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2d> [image: facebook] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2e> [image: LinkedIn] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac2f> [image: email] <?subject=Talks%20at%20GS%20With%20NATO%E2%80%99s%20Jens%20Stoltenberg&body=https%3A%2F%2Fyoutu.be%2FPT886HFYEpw> How Institutional Investors Are Thinking About Crypto Assets
Institutional investors are increasingly focused on investment opportunities in crypto assets, says Goldman Sachs' Mathew McDermott, who relayed how the assets are dominating client conversations—and at a more technical level—on a recent *Exchanges at Goldman Sachs* podcast. “The questions are not really, ‘What is it?’…It's more about ‘How can we get exposure, what are the instruments we can transact?’” McDermott, who is global head of Digital Assets for the firm, says the surge in trading crypto can be seen across a diverse investor base, citing findings from a recent Goldman Sachs survey of institutional clients. “40% of the clients currently have exposure to cryptocurrencies,” he says, while “61% of clients expect their digital asset holdings to increase over the next year.” It’s a significant shift from where the cryptocurrency market was a few years ago. “2017 was very much a retail-driven market,” McDermott says. “This time around, we've just seen a huge volume of institutional demand across the broad spectrum of different industry types. And as a function, you're seeing incumbent banks now explore ways that they can develop products to satisfy that client demand, enabling them to gain exposure to the different cryptocurrencies.” Listen to podcast <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac30> SHARE: [image: twitter] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac31> [image: facebook] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac32> [image: LinkedIn] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac33> [image: email] <?subject=How%20Institutional%20Investors%20Are%20Trading%20Cryptocurrency&body=https%3A%2F%2Fyoutu.be%2Fgk3hadD8YHM> The Daily Check-In With Goldman Sachs <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac34> Above (L to R): Mike Swell, Anna Skoglund and Katherine Tait of Goldman Sachs
While mounting concerns over inflation spooked the bond markets and other risk assets in recent weeks, such fears are likely overblown, says Goldman Sachs’ Mike Swell <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac35>, who oversees a team that manages $700 billion in fixed income assets. Investors are “concerned [that] with the very significant recovery we’re seeing in the economy—along with a lot of debt issued by the government—we’re going to see a significant increase in inflation,” he says in a recent episode of *The Daily Check-In*. But more broadly, Swell notes that labor market slack, productivity gains and globalization will likely keep inflation in check for longer than the market is currently expecting. “As we look into 2022, you’re likely to see growth normalize, inflation normalize. And the Fed is going to keep the money easy and, as a result, it’s going to be a good environment for risk assets and it’s going to be a decent environment for fixed income assets as well.”
In other episodes of *The Daily Check-In*, Anna Skoglund <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac36> of Goldman Sachs’ Investment Banking Division discusses the increase in private equity deal volumes in Europe this year and Goldman Sachs Research’s Katherine Tait <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac37> explains why venture capital in the education sector had its best-ever year in 2020 as the pandemic reshaped the future of learning.
*For more Daily Check-In videos, subscribe to our channel <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac38> on YouTube.* Watch videos <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac39> SHARE: [image: twitter] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac3a> [image: facebook] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac3b> [image: LinkedIn] <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac3c> [image: email] <?subject=The%20Daily%20Check-In%20With%20Goldman%20Sachs&body=https%3A%2F%2Fwww.youtube.com%2Fplaylist%3Flist%3DPLIyiGQywEp65ogt2Bi3vTK7ngXDTM6wT9> March QuickPoll: Moving to a ‘Post-Pandemic Regime’
After dealing with the recent volatility in interest rates, investors are shifting their focus to central bank activity and economic data, according to the latest Marquee QuickPoll survey of close to 700 Goldman Sachs institutional investor clients. Here are highlights:
*Rate Moves Coming to an End?* Investor sentiment suggests that a jump in interest rates is still expected but not for long: A majority of respondents think interest rates will increase in March, but only 9% expect 10-year rates to end the month above 1.60%.
*Central Bank Policy in the Spotlight*. COVID-19 epidemic data and vaccine developments were by far the primary (and only) variable investors were watching in past QuickPoll surveys, but focus is now shifting to central banks and macro indicators. COVID remains top of mind for 39% of respondents this month, but 33% of investors are now keeping an eye out for central bank statements and 16% are looking to U.S. economic data. “In our view, this likely marks the end of the ‘pandemic regime’ for markets and the beginning of a ‘post-pandemic’ one,” says Oscar Ostlund, head of content for Marquee, the digital platform for the Global Markets Division.
*Portfolio Rotation to Inflation-Sensitive Assets*. Investors turned bearish on gold, the price of which typically falls when real rates rise—with about 35% of respondents expecting the price to be weakened further by the end of the month. Meanwhile, investors continue to have a bullish view on other commodities such as crude and copper. “We’ve seen many investors shift their views on gold and significantly reduce their enthusiasm on emerging market equities, which were the second-favorite asset class last month but have significantly sold off,” Ostlund says.
*For more information about QuickPoll and Marquee, reach out to the team <gs-marquee-sales@ny.email.gs.com?subject=BRIEFINGS%20Follow-Up%3A%20Interested%20in%20Learning%20More%20About%20Marquee&body=BRIEFINGS%20Follow-Up%3A%20Interested%20in%20Learning%20More%20About%20Marquee.>. * Briefly…on the Path to Net-Zero Emissions and Inclusive Growth <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac40>
Just over a year into Goldman Sachs' 10-year plan to deploy $750 billion toward accelerating the climate transition and advancing inclusive growth, the firm has reached a fifth of its target. We sat down with *John Goldstein*, head of the firm’s Sustainable Finance Group, to discuss progress, client concerns and the impact of the pandemic on companies’ sustainability goals.
*John, soon after the firm announced its sustainability goal in late 2019, the world went into lockdown. Can you describe how the pandemic affected companies’ sustainability objectives in 2020? *
*John Goldstein*: Last year was undoubtedly a year of volatility and complexity, but the one constant was the growing interest and focus in sustainable finance and ESG as evidenced by the fact that in 2020 alone we reached a fifth of our $750 billion 10-year target. The pandemic served as a stress test for the industry—which it passed with flying colors. The strong performance of ESG investments during the first-quarter downturn was rewarded with greater focus and capital flows as the year progressed. In addition, the pandemic reminded people of how quickly the world can change and how important these emerging changes can be to portfolios. Factors that may not have always been incorporated in traditional financial models can have significant financial impacts. From our perspective, 2020 highlighted the importance of both elements of our sustainability approach which focuses on two interconnected themes: climate transition and inclusive growth.
*Can you describe the firm’s approach to sustainability—how did you come to decide on these two themes?*
*John Goldstein*: When we first announced our sustainability approach in 2019, people immediately understood the focus on climate transition, but were less certain about the focus on inclusive growth. Well, 2020 was a stark reminder that both pillars are essential. The pandemic gave us a health and employment crisis while highlighting the deeply visible manifestations of the ongoing racial inequalities, particularly in the U.S. You could say that the social component of ESG has climbed into the front seat with the environmental concerns.
*So let’s talk about how the first year of allocating capital went. How did the firm approach making its targets a reality?*
*John Goldstein*: A big part of achieving our goal during the first year stemmed from the fact that we were able to leverage the strengths across the organization. Soon after we announced our 10-year target, we created a new team, the Sustainable Finance Group, to coordinate our sustainability efforts across the firm. Shortly thereafter, we launched dedicated sustainability councils within all of our businesses, each led by a senior leader within the firm, to integrate sustainability solutions into our work with clients.
*What's an example? *
*John Goldstein*: One example I would highlight is the work that we did with our Global Markets Division where we incorporated ESG data into the division’s trading capabilities. That in turn helped clients achieve their ESG goals either broadly or in specific areas, such as lowering their carbon footprint in their portfolios. We essentially served as a product incubator within divisions to understand the market need for new strategies for their clients. The division, in turn, scaled the products and strategies more broadly.
*What types of strategies resonated most with clients? *
*John Goldstein*: Climate solutions were a key focus for clients across the firm. For example, we’ve worked with our colleagues in the Asset Management Division to provide growth financing to Swedish manufacturer Northvolt AB to support the construction of a lithium-ion battery factory that will expand the market for electric vehicles in Europe. For our public market investors, we’ve developed ESG strategies in our trading and asset management businesses and are accelerating global power solutions through our structuring services in the Global Markets Division. In the Investment Banking Division, we were part of the largest corporate sustainability bond for Alphabet; the largest IPO for a solar company, Shoals Technologies; and helped clients issue more than $35 billion in COVID-19 relief bonds. What we’ve learned is that there are multiple ways to help clients meet their decarbonization goals across the firm. In fact, making sustainability a core commercial focus for us has not only allowed us to scale ESG and inclusive growth strategies across the breadth and depth of our organization to meet our clients’ goals, but doing so has also enabled us to tie it into our own funding strategy as we recently did with the issuance of our $800 million green bond.
*Finally, what do you see as the key ESG and sustainability priorities for companies this year? *
*John Goldstein*: Investors and corporates are all looking at moving sustainability considerations from the periphery to the core of their organizations. That means that for investors, it’s not just about ESG products—it’s about all of their investing products. It’s not about their sustainability report—it’s about their annual report. For us, our focus will continue to remain on incubating and launching new product offerings within our divisions in partnership with our clients and—in particular—to accelerate our efforts to work as one firm to meet clients’ needs. View infographic <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac41> Read GS CEO David Solomon's statement <https://tracking.gs.com/r/?id=h11421279,4ec274e4,4ec2ac42>