“The World Bank, the International Monetary Fund, and the Bank of International Settlements are the architects of a new financial system tied to climate change policies. The goal is not to enable or improve commerce but to control businesses. Climate policies are being weaponized against businesses in the name of protecting the environment. Businesses that are not politically influential will be declared enemies of civilization. In addition, the Network of Central Banks and Supervisors for Greening the Financial System intend to use this same power to gain further control of governments. -GEG
Summary by JW Williams
In the first seven minutes of Spiro Skouras’ video commentary, he exposes the World Bank, the International Monetary Fund (IMF), and the Bank of International Settlements (BIS) as the chief central banks and the architects of a new financial system tied to repressive climate change policies that are designed to control businesses.
Skouras cited an article, ‘Fifty Shades of Green’, by Mark Carney of the Bank of England who stated that the goal of the new financial system is to reach a net zero carbon economy in the near future. This will be achieved by strong-arming businesses to “voluntarily” comply with restrictive government climate policies through reporting financial disclosures to an international oversight body, the Task Force on Climate-Related Financial Disclosures (TCFD) that will determine whether companies are contributing to climate change and are a threat to human civilization. Billionaire Michael Bloomberg is the chairman of the TCFD that is filled with banking insiders.
Company information will be shared with investors, lenders, insurers and other stakeholders and businesses may be denied loans, insurance, and government licenses based on their climate rating. Businesses are positioned to be taxed into submission or bankruptcy.
The TCFD has partnered with the NGFS, an acronym for the Network of Central Banks and Supervisors for Greening the Financial System, that follows the United Nations’ Agenda 2030 and Paris Climate agreement. The NGFS intends to hold governments and countries to the same standards that the TCFD is pursuing with businesses to gain total control through regulation and taxation. The Federal Reserve joined the NGFS in December after the contested defeat of US President Donald Trump, who withdrew the US from the Paris Agreement on combating climate change.
The financial web that uses climate as the excuse for totalitarian control can be traced back to the United Nations that was initially funded by the Rockefeller family. Skouras shows that the Rockefeller Brothers Fund began investing in climate change in 1984, according to their own website, and continue to do so today, along with George Soros and the Rothschild family.
Jon Rappoport wrote an article that revealed why mega-corporations accepted Covid-19 lockdowns and explained that BlackRock, State Street, and the Vanguard Group are the ‘Big-Three’ investment firms that are said to own corporate America. These investment firms have nearly $11-trillion in assets under management and supervise 40% of all publicly listed firms in the United States. This may have something to do with why so many large, publicly-traded corporations shut down, rolled over, and obeyed the wishes of the Big Three, despite the economic devastation it caused.
Last June, the New York Times reported that investments based on social goals, such as companies reducing their carbon footprint or promoting racial and gender diversity, have grown immensely in recent years to roughly one of every four dollars under management! Some experts think 401(k) plans will play an increasing role in such investing. ESG stands for Environmental Social & Governance. If a company fails to enact progressive policies, especially green climate practices, it can be removed from certain ETF’s (Exchange Traded Funds).
Larry Fink of BlackRock Investment Management, which has $8.7 trillion in assets under management (AUM) and was chosen by the Federal Reserve to manage its corporate bond bailout program, took voting action against 53 companies last summer because they failed to make sufficient progress on integrating climate risk into their business models.
In January, Joe Biden rejoined the Paris Climate Accord and Larry Fink said that Biden’s focus on sustainability will accelerate carbon transition to low carbon and net-zero economy.”