Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system

Guest Post by Jordan Schachtel

“Climate finance” is almost identical to that of the Chinese Communist Party’s social credit score system.

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 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.

The unaccountable people behind the American money printer claim that this exercise is “exploratory in nature and does not have capital consequences.”

The statement adds that the “scenario analysis can assist firms and supervisors in understanding how climate-related financial risks may manifest and differ from historical experience.”

What exactly does this mean?

The Fed is clearly leaning in to the climate hoax narrative, or the pseudoscientific idea that humans are catastrophically impacting the climate, but not because they somehow care about the environment. The climate narrative is the chief rhetorical facilitator for the ESG (Environmental, Social, and Governance) movement.

ESG acts as a trojan horse for the continuing centralization of the American financial system. ESG finance, popularized by hyper political asset management behemoths like BlackRock and Vanguard, acts to prevent outsiders from challenging the regime-connected insiders on Wall Street and in Washington, under the guise of acting to manifest a healthier planet. In other words, pro-ESG institutions are committed to attacking free market principles by means of deception, preferring the CCP-style “stakeholder capitalism” that allows for a small group of technocratic elites to make broad determinations about society.

Unsurprisingly, the legacy media has thus far cheered The Fed’s plan, with The New York Times reporting “that it often lagged behind its global peers when it comes to talking about and coming up with a plan for policing risks related to climate change.”

The ESG “green transition,” frequently popularized by powerful world governments and the Davos elite, has served as the main vehicle for this movement. Akin to the Chinese social credit score, which is used to coerce businesses, and, by extension, individuals, into specific actions, ESG rules force individuals and businesses in America to deploy capital through the gatekeepers of the system.

The Federal Reserve statement continues:

“By considering a range of possible future climate pathways and associated economic and financial developments, scenario analysis can assist firms and supervisors in understanding how climate-related financial risks may manifest and differ from historical experience.”

The banks involved in this pilot program are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.

Of course, it’s just a scenario, until it’s not. The Fed pilot program is set to launch in early 2023.

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bidenTouchesKids
bidenTouchesKids

and the controlled opposition Republicans will continue to do nothing to stop this, as usual.

TN Patriot
TN Patriot

The Federal Reserve is a private entity that is owned by banks and CONgress has no control over it.

bidenTouchesKids
bidenTouchesKids

The federal reserve reports to Congress. Not to mention the constitutional issues that would arise from this.
But, keep making excuses for that opposition party.

olde reb
olde reb

TOTALLY WRONG !! The federal Second Circuit Court of Appeals has declared the official records of any of the 12 FR banks are subject to FOIA demands. Bloomberg v. FR, 2010.

Also, the GAO has standing authority to audit the handling of ANY government money without additional legislation—upon congress committee request, and that includes the annual $15 trillion money from auctions of Treasury securities handled by fiscal agent FRBNY which have NEVER been audited.

olde reb
olde reb

The 12 franchised Federal Reserve Banks are privately owned corporations [owned by the regional commercial banks who buy the franchise] that are under the administrative and supervisory control of the FRBOG. The BOG can terminate ANY of the 108 directors of the Banks without cause and without recourse.

Steve Z.
Steve Z.

The Federal Reserve has 2 mandates. Full employment and a stable economy.
Who requested a nanny state provision?
Are they about to grossly exceed their mandate and by whose authority?

samthere403

The FR is an independent bank owned by foreigners to pillage the good ole USA. Any mandates issued by that fraudulent congress are laughable (https://imgs.search.brave.com/0_Bffxbph5gVBd-U5GdwrKJS0Gq60L5QlxhZPUMLJXI/rs:fit:500:333:1/g:ce/aHR0cHM6Ly9pLmlt/Z2ZsaXAuY29tLzJx/dW5sei5qcGc). You, I, and we the people are nothing but serfs to be milked everyday of our lives and milked some more when we die (estate tax).

Anonymous
Anonymous

We live in a system that is specifically designed to prevent change. ZOG has turned this country into one great steel cage to keep us and our children penned like livestock all our lives, until we can no longer be milked or sheared, and then when we grow old and can no longer make profits for our masters, we’re thrown away like empty beer cans. America has robbed White people of any hope, any future. This must change.

The tyranny under which we live may still wear a velvet glove on occasion, but it is unspeakably evil and brutal, and only greater violence and brutality will bring it down. We are going to have to become hard, hard men. The hardest history has ever known, because that hardness of soul is one of the most effective weapons we can muster against an incredibly powerful enemy. Compassion and mercy are luxuries that are possible only in a basically decent world, and that world is not this one.

TN Patriot
TN Patriot

The steel cage does have a nice wheel in it to keep us burning up our energy.

James
James

A earlier mentioned thermite in 9/11,easy to make,melts steel cages with ease…..,just sating.

comment image

Anthony Aaron
Anthony Aaron

So … who’s going to pay attention to the scenario where this ESG and ‘climate change’ balderdash crashes the economies of the entire First World? And who will (be in a position to) do anything about it — or to actually right it so that the tyranny this system will impose will be brought to heel?

Anonymous
Anonymous

well they consider crashing the economies of the first world a top priority.. i really dont think they comprehend that the smae machine is what gave them their power in the first place. however, at some point, purely rational thinking fails to explain observed events without some kind of contradictory contortions. My conclusion remains that there is an added dimension to this, which one can call spiritual for lack of a better term, which fills in the unexplainable gaps between rational behavior and the psychotic observed behavior, with the understanding that the ruling class , or at least the overwheming majority of them, have a deep abiding hatred of humanity, of anything wholeosme and natural actually.. a deep abiding hatred of anything beautiful, capable, independent, honourable, a deep abiding hatred of anything, again reaching for terminology to summarize.. anything virtuous and godly.. and they have determined themselves to eradicate all those things they hate, even if it means suicide… somewhere in the whole mindfuck one could easily extract some headshrinker language about self-hatred etc etc and i wouldnt necessarily disagree with that.
there is a clique among the broader life-hating ruling class, who have drunk the kool-aid of transhumanism and as far as one can tell, genuinely believe theyre right on the verge of achieving their machine-enhanced immportality. thus to them it might also appear rational that they no longer have any need of the rest of us and really ought to get on with getting rid of us. i dont think the majority of this synagogue of sata necessarily buys into the transhumanist thing, thats just an extra layer of perversion on top of an already psycho bunch.

pbfurn
pbfurn

Paragraphs are a wonderful thing…

Hit em where it hurts
Hit em where it hurts

Refuse to buy anything listed as “sustainable” and only buy non-GMO food. When they realize their climate tyranny isn’t profitable they will give it up. People are already rejecting “Beyond Meat”. Make sure you spend your money on beef, gas powered cars, airline tickets, and wool clothing.

Anthony Aaron
Anthony Aaron

I did my part this past weekend … bought an ICE car … and it works great … and filling the tank took only 4 minutes today at Costco …

As for food, it’s hard to find truthful labels … but I try to go for non-GMO if possible … and virtually zero prepared food —

Hit em where it hurts
Hit em where it hurts

They stopped calling it global warming and changed to climate “change” because the climate is always changing so you don’t have to prove it. They have the ability to change the weather with weather weapons and cloud seeding so why would it be a big deal if the planet was warming? It’s just a scam to scare people.

Anonymous
Anonymous

The Federal Reserve is part of the Federal Government just as much as FedEx is. I will not comply.

The Central Scrutinizer
The Central Scrutinizer

You don’t have a choice, and that is the entire point. Unless you’re willing to go full guerrilla for the rest of your life? You’re fucked, but good!

Anonymous
Anonymous

Unless you’re willing to go full guerrilla for the rest of your life?

Your terms are acceptable.

olde reb
olde reb

Before we grant new authority to the Fed, perhaps we would want to audit the FRBNY’s exclusive handling of the annual $15 trillion from auctions of Treasury securities which have NEVER been audited.

Another issue the government does not want the public to discuss is the income tax.

The statute that imposed an income tax on Sovereign Citizens was deliberately removed from the 1939 IRS Title 26, Section 1, in the rewriting of 1954–without change. They realized the unconstitutionality of the tax. Without a statute existing that imposes the tax, the responsibility [which is necessary for valid process] could never be pled in an indictment. If the responsibility/ statute is not before the court as an issue in the indictment, it can never be ruled unconstitutional. Tricks of the trade. All such indictments appear to be invalid.

The civil chaos of the USA government/society, and the globalist Great Reset oppression, are submitted to be funded by two methods of questioned legality.

First: An Income tax on Sovereign Citizens is not consistent with Constitutional authorization nor does statutory authorization for such a tax exist. Ref. https://stateofthenation.co… THE INCOME TAX SCAM & 87,000 ARMED IRS AGENTS | https://stateofthenation.co/?p=132923

Second: The Federal Reserve system covertly transfers ‘profit’ derived from auctions of Treasury securities to unknown shareholders. All profit of the Rothschild’s Fed legally belongs to the government. The relevant accounts have never been audited. Ref. https://stateofthenation.co/?p=116267 THIS IS OUR BANKING SYSTEM

Both methods involve financiers – BEYOND GOVERNMENT – who are the chief beneficiaries.

As is being proven every day, if you do not attack the funding of corrupt bureaucrats, civil disturbances, and Great Reset/globalism/war mongering, they will create legions of new programs and corrupt bureaucrats will replace the old exposed ones.

The nefarious funding of corrupt politicians and Great Reset must be exposed. Far-right legislation is an essential step but not the final solution. Civil disturbances are created by globalists to distract attention from the real action.

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