Fed Reserve announces major ESG social credit score system | Eastern North Carolina Now | Almost identical to that of the CCP's social credit score system

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"Climate finance" is almost identical to that of the Chinese Communist Party's social credit score 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.”

https://dossier.substack.com/p/federal-reserve-announces-major-pilot

This admin sure is in a rush to make us like China, so we are more easily controlled.


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( September 30th, 2022 @ 8:30 pm )
 
ESG is a far left ideological straightjacket. It was good to see the GOP in the House recently talking about attacking it as monopolistic and restraint of trade. Keith Kidwell has been working on some NC legislation against it. Conservative State Treasurer Dale Folwell as also been working with other state treasurers against the big financial firms like Blackrock that push this Marxist crap.



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