Author Topic: Federal Reserve Announces Major "Pilot Exercise" For ESG Social Credit Score  (Read 202 times)

Offline JohnyMac

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Here it comes. As the economy collapses "they" will usher in ESG whether you want it or not.

Quote
The Federal Reserve has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party's infamous social credit scoring system.  The Fed said in a statement Thursday:

"Six of the nation's largest banks [Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo], will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks. Scenario analysis" in which the resilience of financial institutions is assessed under different hypothetical climate scenarios - is an emerging tool to assess climate-related financial risks, and there will be no capital or supervisory implications from the pilot."

In other words, The Fed is working with the big banks to monitor their ability to comply with the ruling class's preferred enviro statist technocratic tyranny.
- 2nd Smartest Guy in the World.


One fix is if we in unison, were to cancel credit cards in the above six banks and accounts in those banks, that would send a message.
« Last Edit: September 29, 2022, 11:09:22 PM by JohnyMac »
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