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Federal Reserve Takes Major Step Toward Chinese-Style Social Credit Score System

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“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,” Jordan Schachtel reported in The Dossier.

The Federal Reserve stated on Thursday:

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.

Jordan Schachtel explained:

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, 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.

We the People must reject this at ALL COSTS!

“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.

Chair of the Federal Reserve Jerome H. Powell said, “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar.”

A U.S. central bank digital currency is being examined to “help the U.S. Dollar’s international standing.”

WATCH:

CBDCs 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).

“The benefits of instant payments are increasingly important to consumers and businesses, and the ability to provide this service will be critical for financial institutions to remain competitive,” Ken Montgomery, FedNow Service program executive, said in the central bank’s press release.

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.

Melissa Ciummei explains:

Additional footage via YouTube:

Here’s a Rumble backup:

MUST-WATCH: Northern Ireland Financial Investor Melissa Ciummei “The Pandemic Will End When the Digital Monetary System Is In Place”


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.

From the White House Framework:

Recognizing the potential benefits and risks of a U.S. Central Bank Digital Currency (CBDC), the reports encourage the Federal Reserve to continue its ongoing CBDC research, experimentation, and evaluation and call for the creation of a Treasury-led interagency working group to support the Federal Reserve’s efforts.

More from The Blaze:

Federal Reserve Chair Jerome Powell previously said the primary incentive for the U.S. to create its own central bank digital currency would be to eliminate the need for other forms of digital currencies in America. “You wouldn’t need stablecoins; you wouldn’t need cryptocurrencies, if you had a digital U.S. currency,” Powell told Congress. “I think that’s one of the stronger arguments in its favor.”

The reports also encourage regulators like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

This is a dangerous precedent that will enable the government to have ultimate control over your money and freedom.

Breitbart explained:

In fact, this provision sets the stage for:

  • Legal government surveillance of all U.S. citizens
  • Total control over your bank accounts and purchases
  • And the ability to silence all dissenting voices for good

It’s no wonder Fox News recently called this “a deeply troubling development.”

Still, most Americans have never even heard of Executive Order 14067.

Executive Order 14067 puts America on the fast-track to a Chinese-style social credit system.


Digital ID must be rejected at ALL COSTS!

Here’s more if you feel like you need to get up to speed on all of this and don’t know where to start…

Bo Polny has been preaching about cryptocurrencies since Bitcoin was less than $1,000.

But it’s not just about the price.

It’s about the coming dollar collapse.

It’s about money YOU control that no one else can take away from you.

Bo says this is about to become VERY important and millions will be blindsided.

Don’t be one of them.

So I’m posting this by popular demand for people who have written me with questions and asked how to get started.  This is for you.  It’s also for the people who want the advanced Newsletter.

I have a short 13 minute clip for you where Bo breaks it all down and tell you (1) what is coming (2) how you can prepare, and (3) how you can do it even if you don’t know the first step on how to get started!

We’ve got you covered!

In fact, you may want to show this to some family and friends as well.

Here is the video on Rumble:

And here are all the links you may be looking for:

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And here is the backup on YouTube if you prefer that.

Watch here:

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Enjoy!

And leave a comment below…





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