The privately owned Federal Reserve is teaming up with six of the largest banks: JPMorgan Chase, Morgan Stanley, Citigroup, Wells Fargo, Citigroup, and Bank of America ( who happen to be part OWNERS of the Fed ), to take steps toward facilitating a CCP-style social credit scoring system. ESG, which stands for “Environmental, Social, and Governance,” is the marketing of “climate finance,” where consumers and businesses are scored according to their compliance ( or non-compliance ) with hypothetical climate scenarios.
The Fed does not care at all about the environment. ESG is a global bankster ponzi scheme to financially enslave the population and enable a small group of technocratic elites to make far reaching decisions for society. They are prepping this system that can also be demolished at any time. If you haven’t done so already, now is a good time to bail from the big banks, use #cash and do NOT comply. -JD
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.
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The Federal Reserve System – G. Edward Griffin