The Fed announces “pilot” ESG social credit system

by | Oct 5, 2022 | Commentaries

The fed has announced that 6 of the nation’s largest banks will participate in a climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate related financial risks.

So, what’s the big deal?

Well… This is 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.

This begs the question: Is there any conspiracy theory that hasn’t become conspiracy fact?

ESG stands for Environmental, Social, and Governance – it’s a set of standards for a company’s behaviour used by “socially conscious” investors to screen potential investments.

According to the Ron Paul Institute:

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.

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