On January 5, Boeing secured a place in the spotlight again when a door plug fell off an Alaska Airlines jet mid-flight.

The company has gone from the poster child of engineering to a company facing possible bankruptcy, and author Porter Stansberry believes the downward spiral is due to two major decisions.

First, Stansberry notes that Boeing switched its focus from engineering to “financial engineering,” and then the company fully embraced ESG.

“Boeing’s planes began falling out of the sky as a result,” Stansberry writes.

The company isn’t just taking a hit when it comes to quality, but with its finances as well.

The cumulative net income of the company over the last three years is negative $20 billion, and the company has $52 billion now in total debt. In addition, Boeing’s interest expense is a whopping $2.5 billion a year.

The company’s chief operating officer is Stephanie Pope, who has zero engineering background.

“Now, why would someone with this kind of background be placed in charge of operations in the world’s leading aerospace engineering firm? Maybe it’s because she is the executive sponsor of Boeing’s Women Inspiring Leadership,” Stansberry explains.

The group is dedicated to “increasing gender diversity awareness.”

“Boeing’s planes keep falling apart,” he writes. “These outcomes are the results of years and years of bad ideas — starting with the intentional destruction of Boeing’s engineering culture, followed by the GE-style financial engineering, and now the company’s full embrace of modern Marxism — ESG.”

Glenn Beck is in 100% agreement with Stansberry, noting that this destruction won’t just come for airplanes.

“Until our government gets away from this craziness, America’s republic will keep falling out of the sky,” he says.

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