{"id":259307,"date":"2022-10-01T07:19:28","date_gmt":"2022-10-01T07:19:28","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=259307"},"modified":"2022-10-02T07:22:38","modified_gmt":"2022-10-02T07:22:38","slug":"federal-reserve-announces-major-pilot-exercise-for-esg-social-credit-score-system","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=259307","title":{"rendered":"Federal Reserve announces major \u2018pilot exercise\u2019 for ESG social credit score system"},"content":{"rendered":"

2nd<\/sup> Smartest Guy in the World \u2013 Sept 30, 2022<\/strong><\/h1>\n

by Jordan Schachtel<\/a><\/strong><\/h1>\n

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\u2019s infamous social credit scoring system. The Fed said in a statement<\/a> Thursday:<\/p>\n

\u201cSix 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\u2014in which the resilience of financial institutions is assessed under different hypothetical climate scenarios\u2014is an emerging tool to assess climate-related financial risks, and there will be no capital or supervisory implications from the pilot.\u201d<\/p>\n

In other words, The Fed is working with the big banks to monitor their ability to comply with the ruling class\u2019s preferred enviro statist technocratic tyranny.<\/p>\n

The unaccountable people behind the American money printer claim that this exercise is \u201cexploratory in nature and does not have capital consequences.\u201d<\/p>\n

The statement adds that the \u201cscenario analysis can assist firms and supervisors in understanding how climate-related financial risks may manifest and differ from historical experience.\u201d<\/p>\n

What exactly does this mean?<\/p>\n

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.<\/p>\n

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.\u00a0In other words, pro-ESG institutions are committed to attacking free market principles by means of deception, preferring the CCP-style \u201cstakeholder capitalism\u201d that allows for a small group of technocratic elites to make broad determinations about society.<\/p>\n

Unsurprisingly, the legacy media has thus far cheered The Fed\u2019s plan, with The New York Times reporting \u201cthat 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.\u201d<\/p>\n

\n

"The move is significant for a central bank that has 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." By @jeannasmialek<\/a>
https:\/\/t.co\/ET8vOaaxdZ<\/a><\/p>\n

— Somini Sengupta\ud83e\udd6d (@SominiSengupta) September 29, 2022<\/a><\/p><\/blockquote>\n