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Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system..."Climate finance" is almost identical to that of the Chinese Communist Party's social credit score system.
https://dossier.substack.com ^ | September 29, 2022 | Jordan Schachtel

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.


TOPICS: Front Page News; News/Current Events
KEYWORDS: almostidenticalnot; clickbaitheadline; creepstate; deepstate; doj; esg; fbi; fed; fib; merrickgarland; policestate; singlepartystate; socialcredit; substackclickbucks
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To: Jane Long

The thing will keep right on building

COVID-19 was an excellent dry run for the Mark of the Beast.


41 posted on 09/30/2022 9:42:10 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Red Badger

What exactly does this mean?


2020: The beginning of the end of America as is was. 2022: The rise of government socialism reaching down to the individual level. Chairman Xi’s purchase of the American government’s politicians is reaching fruition.


42 posted on 09/30/2022 9:43:13 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Jane Long; Roman_War_Criminal

Yup, they always broadcast eir intentions.

I see that as an answer to prayer that God would cause them to expose their plans.


43 posted on 09/30/2022 9:43:24 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
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To: PIF

The beginning of the end was January 20, 1989.


44 posted on 09/30/2022 9:43:56 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: PIF

“as IT was”..................


45 posted on 09/30/2022 9:45:49 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

ESG/DEI = 2 sides of the same coin


46 posted on 09/30/2022 9:46:04 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: SaveFerris; metmom

Agree with both of you!


47 posted on 09/30/2022 9:46:49 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Red Badger

ESG=communism.

5.56mm


48 posted on 09/30/2022 9:52:28 AM PDT by M Kehoe (Quid Pro Joe and the Ho got to go.)
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To: Jane Long

I guess I’ll have to deal with it when it comes. The only way it could be saved is if Congress passed something that wouldn’t allow it. But I don’t think either side would even do that. Yeah the future looks bleak I know.


49 posted on 09/30/2022 9:58:03 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: Red Badger

The new 2023 Congress better get busy repealing!!!!


50 posted on 09/30/2022 9:59:55 AM PDT by Honorary Serb (Kosovo is Serbia! Free Srpska! Abolish ICTY!)
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To: plain talk
scenario analysis can assist firms and supervisors

Com'n, Man...It's all about assisting the environment... For instance, BlackRock's Larry Fink (great name)- a leader in the ESG movement- deserves high praise for his environmentally correct approach to invest in China, one of the world's leading protectors or the environment. /s

51 posted on 09/30/2022 10:10:56 AM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground. - Mencken)
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To: PerConPat

FR manual edit: or = of


52 posted on 09/30/2022 10:18:19 AM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground. - Mencken)
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To: Red Badger
Thought Police Alert!
53 posted on 09/30/2022 10:27:51 AM PDT by SuperLuminal
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To: volunbeer

Pretty sure Mitch secretly wants this.


54 posted on 09/30/2022 10:46:34 AM PDT by EasySt (Say not this is the truth, but so it seems to me to be, as I see this thing I think I see. #MAGAA)
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To: Tell It Right

states attack esg

Republicans plan legislative assault on ‘woke’ ESG firms

https://www.eenews.net/articles/republicans-plan-legislative-assault-on-woke-esg-firms/

DeSantis Amps Up ESG Attack, Banning Strategy for State Pensions

https://www.bloomberg.com/news/articles/2022-08-23/desantis-nixes-esg-criteria-from-state-pension-investments?leadSource=uverify%20wall


55 posted on 09/30/2022 11:18:28 AM PDT by sergeantdave
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To: dfwgator

One better was the 1960 JKF - Nixon election or before that the 1913 election of Woodrow Wilson.


56 posted on 09/30/2022 11:23:33 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: plain talk

21 posted on 9/30/2022, 9:09:13 AM by plain talk

/\

BWA HA HA !!!

Thought I was looking in the mirror for a second.

( I really enjoyed the pic /-)

.


57 posted on 09/30/2022 11:24:22 AM PDT by cuz1961 (USCGR Veteran )
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To: Taxman

Ping


58 posted on 09/30/2022 12:03:48 PM PDT by Taxman (SAVE AMERICA!)
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To: sergeantdave

The (red) states are our best hope.


59 posted on 09/30/2022 12:36:35 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Honorary Serb

Not only repealing, but defunding, too.

The House controls the purse strings.


60 posted on 09/30/2022 4:10:23 PM PDT by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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