Federal Reserve Goes Authoritarian, Set to Force Banks to Adopt ‘Social Score’ System for Customers Similar to Communist China

Our governing systems continue their hard-left, anti-freedom, Marxist shift, which is leading to the development of a parallel system that conservatives are flocking to.

For decades, the federal government — at every level — has been infiltrated by left-wing ideologues who are authoritarian by their very nature, and now the Federal Reserve is joining the fray.

As reported by investigative journalist Jordan Schachtel on his Substack, the Fed “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.”

ESG — which stands for Environment, Social, and Governance in investing — “refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments,” according to Investopedia. What that means in practice, of course, is that regardless of the potential for earning profits for shareholders, which banks and corporations are beholden by law to always strive for, these institutions instead only invest in “politically correct” industries and sectors. No fossil fuels, for instance, as oil and gas are so early 2000s; no big tobacco; and nothing that has anything to do with Israel, just to name a few (because the hard left is comprised of true bigots and racists).

Former NY Governor Andrew Cuomo didn’t listen to Dr. Zev Zelenko about Covid-19. Don’t be a Cuomo. Dr. Zelenko’s new Z-Dtox and Z-Stack nutraceuticals come highly recommended by many doctors.

“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,” the Fed noted in a statement last week. “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 short, Schachtel said, the Federal Reserve “is working with the big banks to monitor their ability to comply with the ruling class’s preferred enviro statist technocratic tyranny.”



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Last Edited by Coastie Patriot on 10/03/2022 09:30 PM