Posted on 09/30/2022 8:47:07 AM PDT by Red Badger
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.
What forces these banks and investment managers to comply with ESG?
You are 100% correct ... except that the gubment already has a say in it. When Hussein was prez he ordered that federal pension funds divest from companies that are environmentally or socially "bad". Thus, investment firms created a new industry to make a bogus ESG rating. Many states followed Hussein's example and now many state pensions don't invest in low score ESG funds.
Thus if you're a CEO it's in your shareholders' best interest to score high on the BS ESG rating.
Side note: some ESG mutual funds dropped Tesla recently as soon as Musk came out and said he was going to quit voting Dim. It's not like Tesla quit making EV's or selling carbon credits or anything else the Dims pay attention to. Evidently all that matters in an ESG score is how much you butt kiss the Dims.
Klaus or Charles? LOL
Exactly, see my #7 above.
I have a Schwab account too. I simply avoid energy companies that are rated “Leaders” in ESG.
If you’re a bad Drone they will know and make you SUFFER
I hope ever to have to use any credit ever again. I’ve been cash only for six years. But I’ve been lucky too. No major purchases. Even my roof for 24,000 dollars being put on right this minute only cost 500. It sure is loud around here. Sounds like the house is going to cave-in.
Go straight to hell.
“I’m pretty sure management cannot knowingly engage in business practices that will lose money.
So how does this ESG nonsense work unless the law is changed?”
ESG is golden and government will never enforce against companies that are high rated for ESG. Warren Buffet, T. Boone Pickens and other have publicly stated that the only reason Wind makes money is the govt subsidies. EV companies feeding at the same trough.
(MARK OF THE BEAST IS HERE.......................)
Not just yet, friend.
It will be in the middle of the 7 year deal of ‘Peace and Security’ - this will be confirmed by Satan’s anti-messiah.
BUT the world 🌎🌍 is well on its way to this destination.
Luke 21:34-36
God bless you
++++ALERT!!!!!!!!
The Godless world 🌎🌍 is building a global tyranny towards Daniel 7:23.
Satan’s anti-messiah, colloquially the “Antichrist” must debut before long.
The Godless world 🌎🌍 is building a financial system to support him; even if they’re not aware, some of them, where this is going.
Revelation 14:9-12.
What corporations were backing away? I had not heard that... pretty depressing...
Any reports out regarding who are NOT leaning in to ESG policies??
Anti-ESG activist investor urges Apple and Disney to refrain from politics
Wednesday, September 21, 2022
Activist investor Vivek Ramaswamy, who via Strive Asset Management has been a sharp critic of so-called environmental, social, and governance (ESG) investing is urging Apple and Disney to abstain from engaging in political discussions and stop making employment decisions while taking an individual’s race, sex, and/or political opinions into account.
https://macdailynews.com/2022/09/21/anti-esg-activist-investor-urges-apple-and-disney-to-refrain-from-politics/
Gosh…remember, in late 2019, when Gates Foundation and other globalists, did their “mock” pandemic exercises?? Complete with lockdown of the world scenarios??
Yeah, good times. These leftists ALWAYS tell you their next moves.
Nothing to see, here, komrade pleb ….move along.
Uh, I’ve got it...they are grooming the world for the new order.
What if your suppliers (food, energy, health care, etc) ONLY accept digital credit?
Once your existing supplies/situation runs course?
All that stands between us and this is Mitch McConnell?
How depressing.
Not!!
All we get from them are 🦗🦗🦗🦗
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