Federal government Reserve Announces Major ‘Pilot Exercise’ for ESG Social Credit Score System
“Climate finance” is almost identical to that of the Chinese Communist Party’s social credit score system.
The particular Federal Reserve has taken a major step in the direction of facilitating an ESG compliant monetary network that successfully acts as a parallel system to that particular of the Chinese Communist Party’s infamous social credit scoring system.
The Fed said within a statement Thursday:
“ Six of the country’s largest banks will take part in a pilot climate situation analysis exercise designed to boost the ability of supervisors plus firms to measure plus manage climate-related financial risks. Scenario analysis— in which the resilience of financial institutions is evaluated under different hypothetical weather scenarios— is an emerging tool to assess climate-related economic risks, and there will be no capital or supervisory effects 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 particular exercise is “ exploratory within nature and does not have capital consequences. ”
The statement adds that the “ scenario evaluation can assist firms and administrators in understanding how climate-related financial risks may manifest plus differ from historical experience. ”