The Fed Tests ESG on Federal Banks – IOTW Report

The Fed Tests ESG on Federal Banks

The Dossier on Substack

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. More


5 Comments on The Fed Tests ESG on Federal Banks

  1. I wonder if they think they’re being clever introducing total monetary & behavioral political control under this disguise?!

    5
  2. Janet Yellen is a first-rate progressive convert and as such, she buys all that ESG nonsense, climate catastrophe just around the corner, and 10 years (said 10 years ago) to save the planet. She is just as responsible for the financial mess we are in as any of the other Biden flunkies.

    8
  3. We may not be able to touch the nebulous Fed Reserve, but all the banks that participate in this CCP social credit system, well, they DO have brick-and-mortor physical presences and buildings, ya-know-what-I-mean?

    2

Comments are closed.