6 Large Banks to Participate In Pilot ‘Social Credit System’ for ‘Climate Scenario’

6 Large Banks to Participate In Pilot 'Social Credit System' for 'Climate Scenario'
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Six of the United States’ biggest banks will take part in a pilot climate scenario, or social credit system analysis exercise, the Federal Reserve Board recently announced.

The pilot scheme is designed to enhance firm’s ability to measure and manage “climate-related financial risks.”

The exercise, set to launch in 2023, will publish details of the climate, economic, and financial variables that make up climate scenario narratives.

Banks taking part in the exercise include:

  • Bank of America
  • Citigroup
  • Goldman Sachs
  • JPMorgan Chase
  • Morgan Stanley
  • Wells Fargo.

According to the Federal Reserve’s official government website, the Board will provide additional details on how the exercise will be conducted.

According to the Dossier on Substack, the pilot program is a social credit system under the guise of climate economics.

This is a significant step in facilitating an ESG-compliant monetary network, which parallels China’s social credit scoring system.

RELATED: WEF Pushes ‘Surveillance System Plan’ to Track Everyone’s Carbon Footprint

The announcement comes just weeks after The World Economic Forum (WEF) launched a new digital currency space named ‘The Crypto Sustainability Coalition,’ which they say will reward groups taking action against ‘climate change.’

In August The Epoch Times reported:

The WEF also has touted companies such as climate tech startup Doconomy, which, in partnership with Mastercard, has developed a credit card that can track the carbon footprint of all your purchases, including food and travel, and cuts off your spending when you hit a certain personal emissions limit. For those who don’t want to carry a mobile phone or wallet everywhere they go, a company named Walletmor has developed a chip, implanted in your hand, that carries your personal information and can simply be waved over a sensor to make payments.

Meanwhile, the Federal Reserve is working with large banks to monitor their ability to comply with a new system of banking surveillance.

The establishment media unsurprisingly praised the plan

he New York Times reported “that it often lagged behind its global peers when it comes to talking about and coming up with a plan for policing risks related to climate change.”

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nom
nom
1 month ago

evil.

ComputerJockey
ComputerJockey
1 month ago

Guess I am going to have to close my Chase account.

JAW3
JAW3
Reply to  ComputerJockey
1 month ago

And Chase Autopay.

Julie
Julie
Reply to  ComputerJockey
1 month ago

Get out. We closed all chase accounts about 10 years ago.

Don Coffey
Don Coffey
1 month ago

Sure glad my bank wasn’t one of them. I hate changing banks. More government controls. Allow this to show people how big corporation banks are party to this socialist c**p. As I was writing my Secretary advises that we do business with one of them. We won’t come Next Monday morning!

Mark
Mark
Reply to  Don Coffey
1 month ago

Have you considered switching to a Credit Union?

Doyle
Doyle
1 month ago

Do these companies not have some kind of fiduciary duties to their stakeholders, customers and the like? Just asking for a friend.

emmGoldstein
Reply to  Doyle
1 month ago

We are dealing with a nascent Marxist Insurgency, and as such, they will break all of the old rules and norms at first, and eventually they will seek to erase them entirely. Do not rest on ideas like fiduciary duty if you have deposits in their coffers; they have signaled with this ESG aka Social Credit experiment that they are willing to punish political dissent by freezing assets.

Gunnr
Gunnr
Reply to  Doyle
1 month ago

I imagine most of their stakeholders are on board with this. It is all part of the plan.

Genine Berard
Genine Berard
1 month ago

good bye BoaA

Julie
Julie
Reply to  Genine Berard
1 month ago

Most egregious of them all.

Klaas from WF
Klaas from WF
1 month ago

These are mostly money center banks not retail institutions with the exception of BoFa so consumers can’t can them at the retail level so the market can’t f**k them like they did to PayPal, but if we can replace the 47 RINOs in the Senate we can demand them get seriously sanctioned to the point of being cut in half and thousands of libtards will lose their jobs. As it is a lot of the people at these org are goings to get laid off in 1Q23 so that is a good thing. But you have to get rid of the people at the top, they are the criminals backing the globalist scumbags.

Crotte
Crotte
1 month ago

Climate change????? It’s happening all the time relax banks and do what you are supposed to do and leave the Climate Change Fools play with themselves!!!!!

Thinkfreeer
Thinkfreeer
1 month ago

So who needs banks? We will transact some other way.

Mark
Mark
1 month ago

I left the banks 30 years ago for Credit Unions. Never regretted that. Loans are easier and cheaper and local. F those banks.

Steve Bilson
Steve Bilson
1 month ago

All of this because so many people have bought into the climate emergency narrative. An absolute waste of resources and lining the pockets of the climate pimps.

Lbs
Lbs
1 month ago

Changing banks immediately

Vera
Vera
17 days ago

Karl Marx ….etc and Shwab are children of Khazar teaching that under fake Judaism made all the world to be slaves of one Massiah

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