Federal Reserve Takes Major Step Toward Chinese-Style Social Credit Score System
10/1/2022
The Federal Reserve stated on Thursday 9/29/2022:
The Federal Reserve Board on Thursday announced that 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.
The pilot exercise will be launched in early 2023 and is expected to conclude around the end of the year. At the beginning of the exercise, the Board will publish details of the climate, economic, and financial variables that make up the climate scenario narratives.
Over the course of the pilot, participating firms will analyze the impact of the scenarios on specific portfolios and business strategies. The Board will then review firm analysis and engage with those firms to build capacity to manage climate-related financial risks. The Board anticipates publishing insights gained from the pilot at an aggregate level, reflecting what has been learned about climate risk management practices and how insights from scenario analysis will help identify potential risks and promote risk management practices. No firm-specific information will be released.
Climate scenario analysis is distinct and separate from bank stress tests. The Board’s stress tests are designed to assess whether large banks have enough capital to continue lending to households and businesses during a severe recession. The climate scenario analysis exercise, on the other hand, is exploratory in nature and does not have capital consequences. 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 in the pilot exercise are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. In coming months, the Board will provide additional details on how the exercise will be conducted and the scenarios that will be used in the pilot.
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. , ESG stands for Environmental, Social, and Governance, 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.
The ESG model is the World Economic Forum’s fantasy for absolute control of the global masses.
Much like the Chinese social credit score, ESG operates by coercing businesses and individuals to comply with rules determined by the technocratic elite.
What type of financial system is needed to coordinate this plan into motion?
Central Bank Digital Currencies (CBDCs).
The Federal Reserve is set to bring CBDCs to the United States.
“The U.S. Federal Reserve has tightened the window for the launch of its FedNow instant payments platform to between May and July of 2023,” CoinDesk reported.
The instant payments service is a step toward the eventual rollout of a CBDC.
With a CBDC, citizens lose 100% of their financial freedom to the government and central bank.
The institution of a digitalized, totalitarian slave-state will be complete.
CBDCs, Central Bank Programmable Digital Currency are coming to America, unless We the People fiercely resist.
May 2023 is the Federal Reserve’s goal to complete the CBDC infrastructure.
From CoinDesk:
According to a press release, FedNow will be open to financial institutions of any size, allowing them to facilitate instant payments for consumers and businesses, giving customers immediate full access to funds. The platform is currently in pilot phase with more than 120 organizations participating, including lender U.S. Bank and payment processor Alacriti Payments among them.
Initially announced in August 2020 by then-Fed Governor (now Vice Chair) Lael Brainard, the FedNow platform is seen as a stepping stone to an eventual central bank digital currency (CBDC).
What does the Federal Reserve need to complete this infrastructure?
Digital ID!
They need a digital ID that all citizens use to enter this surveillance slavery.
Without digital ID, the agenda falls apart.
TS HAPPENING!!!!CBDC infrastructure announced for America May 2023 …… first they need a digital iD to get us all to use it. RESIST!! This is the final hurdle before surveillance slavery. Without digital iD the agenda falls apart. Enough of the banks that literally create money out if nothing, time to turn the tables and take control of how we store our sweat equity for further use.
The White House quietly released first-ever framework on how it would like to regulate cryptocurrencies.
The framework follows Executive Order 14067 issued by Biden in March.
“Notably, the White House’s framework states that the Treasury Department and Federal Reserve will consider a central bank digital currency — what has been called a ‘digital dollar,’” The Blaze reports.
Captain Convey Note About Digital Slavery
What is the biggest threat facing Americans?
Its not inflation.
Its not nuclear war.
Its not famine caused by the biden regime depression.
Its not the wide open borders of the United States allowed by the biden regime.
Its not the doj/fbi weaponized against the American people.
Its not social media, nation and local media censorship of the truth.
IT IS THE SUTTLE CHANGES BEING IMPLEMENTED BY THE BANKING INDUSTRY AND THE BIDEN REGIME TO TRANSISTION TO A CBDC, CENTRAL BANK DIGITAL CURRENY.
A Central Bank Digital Currency is a programmable digital currency.
You will not have control of this CBDC digital currency.
This CBDC is NOT a crypto currency block chain digital currency.
The CBDC is a SLAVE digital currency for SLAVES that must buy or sell using the programmable digital currency.
IF Americans allow the biden regime to transistion to a programmable digital slave currency our Republic will become a dictatorship that will use the programmable digital currency to control everything and everybody.
If the biden regime or other dictatorship is able to control what your can buy or sell they can force you to do things against your will in a way it will be very hard to resist.
Currently the biden regime under the control of the deepstate, 15 plus intel agencies, is trying to for you to do things you don't want to do.
If the SLAVE CBDC is the money you must use to buy or sell, most people will comply because if they don't they won't have a way to buy or sell anything.
Because the biden regime and social media hides the truth about the suttle changes moving toward an all digital currency that is controlled by a central authority, the Central government bank, many people will be totally unaware of their need to RESIST the new SLAVE digital currency the biden regime is pushing down their throat.
If the CBDC is allowed to be the "new money" instead of dollars and coins ALL AMERICANS and ILLEGAL ALIENS will be come SLAVES to whatever dictatorship is in power.
The Republic called The United States Of America will only exist on paper.
I probably won't be seeing you in the future if this happens because people like me who know the truth and who will resist if necessary will be the first to be delt with by whatever dictatorship is in power in the former Republic of The United States.
For those of you in Reo Linda, as Rush Limbaugh use to say, CBDC is like monopoly money. Monopoly money as you know is not real.
The monopoly game will need to be remade so players can use programmable digital currency.
Each player will buy or sell using their digital currency credits. No paper money.
If you roll the dice and land on a Central Bankers square you get a card that says you can program the other players digital currency.
This would mean you could wipe them out with a stroke on a keyboard.
How many people in America are like the people in Reo Linda that are not informed about the CBDC slave money?
The US has become an asylum and MAGA supporters are the inmates. The biden regime is currently in control of the asylum.
Does our future include the possibility of people living in communes in the US like people in china?
Standing near a bullhorn speaker on a lightpole listening to the latest dear leader words?
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