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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: Red Badger

BINGO!


61 posted on 09/30/2022 5:56:57 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: fretzer

Do not pass GO


62 posted on 09/30/2022 5:59:33 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: SunkenCiv
Anti-ESG activist investor urges Apple and Disney to refrain from politics

I urge them to move away from homosexual-friendly policies.

63 posted on 09/30/2022 6:00:55 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: SunkenCiv

Well; not ME, but Christianity.


64 posted on 09/30/2022 6:01:48 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: SunkenCiv

We need to say NO to this insanity - or come up with our own system that puts liberals at the bottom. Might make them capable of empathy for a minute or two.


65 posted on 09/30/2022 6:58:09 PM PDT by GOPJ (STOP "PROCESSING" ILLEGALS. Democrats will use processing as 'documentation' proof.)
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To: SaxxonWoods

“Leader” companies are run by corporate officers violating their fiduciary duties.


66 posted on 09/30/2022 9:32:34 PM PDT by Axenolith (WWG1WGA!)
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To: All

From the “horse’s mouth” without the clickbait headline:

https://www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm


67 posted on 09/30/2022 10:24:04 PM PDT by Drago
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To: Red Badger
Just got something in the email today from SCE. Is this what you are talking about here? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What are the California Climate Credits?

A Message from the California Public Utilities Commission This October* your utility bill will include a credit identified as the “California Climate Credit” for residential utility customers or the “Small Business Climate Credit” for small business utility customers. Households and small businesses throughout the state, including yours, will receive this credit on their utility bills. This credit is paid as a flat rate amount twice a year.

~~~~~~~~~~~~~~~~~~~~~~~~~~

68 posted on 09/30/2022 10:48:18 PM PDT by pollywog (" O thou who changest not....ABIDE with me")
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To: pollywog

Nope, that “credit” is from the CA “Cap & Trade” auctions (i.e. increase the cost of energy, etc, etc. to the consumer and then give them a measly kickback):

https://www.cpuc.ca.gov/industries-and-topics/natural-gas/greenhouse-gas-cap-and-trade-program/california-climate-credit/california-climate-credit-—faq


69 posted on 10/01/2022 6:35:09 AM PDT by Drago
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To: Red Badger; Fred Nerks

Fascists large and in charge.Parallel to what happened in Germany in 1928 and later.


70 posted on 10/01/2022 7:20:00 AM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: pollywog

No, THAT’S A SEPARATE ISSUE WITH California crazies.................😜


71 posted on 10/03/2022 5:57:31 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

This is what all eyes should be upon. Not Ukraine.

We have to stop this.


72 posted on 10/03/2022 6:00:22 AM PDT by dforest
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