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Ecosystem Accounting Challenged by Financial Fairness Alliance

Feb 29, 2024 | Liberty Matters, NACs | 0 comments

Justin Bis, director of the Financial Fairness Alliance (FFA), stated that the “elites” have not conceded defeat, despite the withdrawal of the Natural Asset Company (NAC) proposal. In a recent opinion piece penned for the Washington Examiner, Bis claimed that the new concept of “Ecosystem Accounting” is their next move, an approach he criticizes as being based on misleading statistics rather than factual data.

“Justin Bis said, “In this Orwellian world, fueled by fuzzy numbers and misleading statistics, accounting is no longer a recording and analysis of facts, it is an appendage of the state ready to justify anything”, said Justin Bis.

In his Washington Examiner article, Bis suggested that the Securities and Exchange Commission’s (SEC) decision to withdraw the NAC proposal is a clear indication to globalists that their attempts to control land are not favored by the general public. The NAC proposal was designed to establish a new corporation aimed at restricting economic activity on government-controlled lands. Despite this setback, Bis maintained that these “global elites” have “pledged to continue their struggle.”

Bis further elaborated on what he believes will be the “elites’” next strategy: the innovative concept of “ecological services,” along with the System of Environmental Economic Accounting (SEEA). This system is intended to replace Generally Accepted Accounting Principles (GAAP). According to him, plans are underway in the White House for a unified government strategy aimed at adopting these alternative accounting methods. This move could fundamentally change America’s economic trajectory and may be implemented without public consultation or congressional approval.

Bis explained in his article how this could work in practice: “For instance, a new government proposal might cost a trillion dollars and hundreds of thousands of jobs when analyzed by GAAP accounting. However, with ‘Ecosystem Accounting’ evaluating ‘ecological services,’ this same proposal could potentially save billions and even generate thousands of new green jobs.”

Despite his concerns, Bis expressed optimism about public reactions towards recent proposals from these “elites.” He said: “The public’s rejection of policies such as the NAC rule shows that our system is still vibrant and that the republic is strong.”

As stated on the FFA website, Bis has an extensive background in strategic consulting and has held senior government positions at the White House and the U.S. Department of Energy. He later served as president of the Ohio Coal Association. A graduate of Northern Michigan University with a Bachelor of Arts in political science, Bis now leads the FFA, an organization primarily focused on assessing the impact of financial regulators like the SEC on capital markets.