\nThe U.S. Federal Reserve has recently joined a little-known international conglomerate of central banks, all fundamentally committed to enforcing the \u201cgreen,\u201d eco-friendly dictates of the anti-life, global governance Paris agreement, in line with the Great Reset.<\/p>\n
<\/p>\n
Such a move has raised alarming concerns about the influence which banks will exert in enforcing green policies as part of the World Economic Forum\u2019s so-called Great Reset.<\/p>\n
For instance, one of the goals of this all-powerful, world-banking conglomerate appears to be to decimate the entire fossil fuel industry and the many thousands of industries and millions of jobs related to it.<\/p>\n
In September, LifeSiteNews co-founder Steve Jalsevac warned that COVID-19 is being used as a means to implement extreme, globalist policies to promote the green agenda. He noted the \u201cshocking climate change connection to the Wuhan virus mitigation policies and that it is really about implementing the extreme Paris Climate Change Accord policies and UN Sustainable Development goals, the \u2018Great Reset,\u2019 and world depopulation goals.<\/p>\n
Lockdowns have led to massive, man-made carbon dioxide and pollution drops. The globalists are forcing people to see what the world would look like if there were fewer people in the world, as though we will all be positively impressed with empty streets and highways, no cruise liners on the seas, and few aircraft in the skies. It is downright evil.\u201d<\/p>\n
In December 2020, the U.S. Federal Reserve Board announced that it had joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), which is an international group of \u201cCentral Banks and supervisors\u201d with the purpose of transforming the global economy in alignment with green, sustainable policies.<\/p>\n
Noting the move, the New York Times wrote that it was a welcome success for Democrats, who had been pushing for this, and described it as an \u201cevolution\u201d for the Federal Reserve in terms of paying much closer, and more public attention to \u201cextreme weather events\u201d and their potential \u201crisk to the financial system.\u201d<\/p>\n
Reporting on the news, Breitbart observed how it was peculiar that the left, particularly the green movement, had greeted the Federal Reserve\u2019s move with \u201capplause,\u201d given that historically the left had been \u201cmostly hostile to big financial institutions, seeing them as pillars of Capital.\u201d<\/p>\n
The NGFS and its commitment to the Paris Climate Agreement<\/strong><\/p>\n The almost unknown NGFS (Network for Greening the Financial System) was born at the Paris \u201cOne Planet Summit\u201d in December 2017, with the aim of: \u201cStrengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.\u201d<\/p>\n Its focus is the role which \u201cclimate change\u201d will have upon the economy, the financial system, and banking. However, the group is not limited to forming policies for internal discussion, but also seeks to implement them outside its members. \u201cThe Network defines and promotes best practices to be implemented within and outside of the Membership of the NGFS and conducts or commissions analytical work on green finance.\u201d<\/p>\n Whilst the NGFS is an organization which has not moved into the public consciousness, it is by no means inconsequential. In its three years of existence, it has gone from starting with only eight members to having now grown to 83 members, with an additional 13 banks listed as \u201cobservers.\u201d<\/p>\n The member banks are some of the most influential in the world, with national and international names such as: \u201cBank of Canada; Bank of England; Banque de France; Dubai Financial Services Authority; European Central Bank; Japan FSA; People\u2019s Bank of China; Swiss National Bank; U.S. Federal Reserve.\u201d<\/p>\n Meanwhile, amongst the observer banks are names such as the \u201cBank for International Settlement; European Investment Bank; International Monetary Fund; World Bank and the International Finance Corporation.\u201d<\/p>\n \u201cAdhering\u201d to the NGFS entails \u201ca political commitment from an institution and also implies the will and capacity to actively contribute to the work.\u201d<\/p>\n The group\u2019s first comprehensive report from 2019 offers an example of what sort of work the NGFS is actually involved in. It plans to \u201cglobally cooperate with policy makers, the financial sector, academia and other stakeholders to distil best practices in addressing climate-related risks.\u201d<\/p>\n \u201cClimate change\u201d and \u201cclimate-related risks are a source of financial risk,\u201d the group declared. \u201cWe need to take action and we cannot and will not do this alone. We will globally cooperate with policy makers, the financial sector, academia and other stakeholders to distil best practices in addressing climate-related risks.\u201d<\/p>\n As part of its action, the NGFS released six recommendations to banks and policymakers, based upon the 2015 Paris Agreement, outlining the path to a \u201clow-carbon economy,\u201d and calling ultimately for \u201c\u2018net zero\u2019 to prevent further climate change.\u201d<\/p>\n The most well-known goals of the 2015 Paris Climate Agreement, which the NGFS holds as its operating standard, are to \u201climit global warming,\u201d reduce the effect of \u201cclimate change,\u201d and to enact policies which further this goal throughout the world.<\/p>\n The third aim is less known, however, and pertains directly to the financial element of the agreement, ensuring that the future of global finance is directly connected to the various climate change efforts laid down in the Paris agreement. It reads: \u201cMaking finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.\u201d This aim provides the basis for the NGFS\u2019s policies, which link finance to the implementation of the green agenda of the Paris Agreement.<\/p>\n Even the NGFS\u2019s self-description, of sharing \u201cbest practices\u201d and contributing to the \u201cdevelopment of environment and climate risk management in the financial sector to mobilize mainstream finance to support the transition toward a sustainable economy,\u201d closely mirrors the text of the Paris Agreement, as found in Article 7: 7 (a).<\/p>\n Linked to the Great Reset Green Agenda<\/strong><\/p>\n Klaus Schwab of the World Economic Forum, Prince William, and David Attenborough<\/p>\n All of the NGFS\u2019s green policies and plans align closely with the World Economic Forum\u2019s (WEF) globalist Great Reset. The WEF, founded and led by Klaus Schwab, has used the COVID-19 virus as an opportunity to present its plan of a Great Reset of complete societal alteration and structural shifts.<\/p>\n In June 2020 Schwab wrote that the coronavirus outbreak was exacerbating \u201cthe climate and social crises,\u201d and that as a result the world would become \u201cless sustainable, less equal, and more fragile.\u201d<\/p>\n The U.K.\u2019s Prince Charles, a major proponent of the Great Reset, echoed Schwab by saying that COVID was \u201can opportunity we\u2019ve never had before and may never have again.\u201d Considering the planet almost as a person, he said: \u201cOur activities have been damaging her immune system.\u201d<\/p>\n Schwab\u2019s envisaged Reset is underpinned by a focus on a green financial agenda, as he mentions the \u201cwithdrawal of fossil-fuel subsidies,\u201d and a new financial system based on \u201cinvestments\u201d which advance \u201cequality and sustainability,\u201d and the building of a \u201c\u2018green\u2019 urban infrastructure.\u201d<\/p>\n Businesses would be provided with so-called \u201cincentives\u201d to improve their operation in line with \u201cenvironmental, social, and governance metrics.\u201d<\/p>\n To this end, the WEF partners with the United Nations (U.N.) in effecting the UN\u2019s 2030 Sustainable Development Goals (SDG), which are pro-abortion and heavily promoting of a green agenda \u201cto combat climate change.\u201d<\/p>\n Schwab has stated that the SDGs are \u201cessential for the future of humanity,\u201d having previously served for five years on U.N. committees for sustainable development planning.<\/p>\n In order to widely and properly effect the green goals of the U.N. and the WEF, the Great Reset must necessarily be underpinned by a fundamental shift of the financial system in line with green policies.<\/p>\n As the International Monetary Fund\u2019s managing director, Kristalina Georgieva, said at the WEF Great Reset conference in June 2020: \u201cWe see a very massive injection of fiscal stimulus[.] \u2026 But it is paramount that this should lead to a greener, fairer, smarter world in the future.\u201d<\/p>\n A few months later she repeated her call for financial change linked to climate change policies, saying \u201cmacroeconomic policies are central to the fight against climate change.\u201d In fact, in a video from November 2020, the WEF pointed once again to the Paris Agreement, as it promoted \u201cgreen finance\u201d to \u201chelp save the planet.\u201d<\/p>\n Furthermore, an article published on the WEF website that same month outlined how pivotal green-oriented finance was in bringing about the Great Reset. \u201cStrategic investments in ESG [environmental, social and governance] must represent a fundamental tenet of this framework. It was in light of all this that Breitbart\u2019s report noted, \u201cNGFS is the global fusion of Big Green and Big Money, also known as Woke Capital\u2026 it\u2019s that same Woke Capital that\u2019s been leading the push for \u2018The Great Reset\u2019.\u201d<\/p>\n Lockdowns held as a benefit for the world in Great Reset<\/strong><\/p>\n In understanding the primacy of the Green Agenda and Green Finance in the Great Reset, it is important to note the manner in which Schwab has welcomed the various restrictions seen in the last year, as a benefit for the planet.<\/p>\n As lockdowns shut down countries across the world and decimated economies, Schwab wrote in Time in October 2020, pointing to the benefit which came as a result of such unprecedented societal disruption: \u201cthe drop in greenhouse-gas emissions, which brought slight, temporary relief to the planet\u2019s atmosphere.\u201d However, in his recent book, entitled COVID-19: The Great Reset, Schwab wrote that there was still much progress to be made in terms of reducing \u201ccarbon emissions.\u201d<\/p>\n The 8% estimated reduction in carbon emission which he cited, was termed \u201crather disappointing,\u201d and he called for a greater, fundamental change. If such a focus on green polices was not adopted, then \u201cthe COVID-19 crisis will have gone to waste as far as climate policies are concerned.\u201d Green Agenda adherence will determine financial future<\/strong><\/p>\n As part of its series of Great Reset articles, Time published a piece describing a futuristic vision of the year 2023, entirely built around the concept of a huge, financial shift in line with green policies and so-called climate change. It was written by Mariana Mazzucato, a member of the U.N. Committee for Development Policy, and a former member of the WEF Global Agenda Council on the Economics of Innovation. Mazzucato described a global population which realized the \u201cneed for governments to form a coordinated response to climate change and direct global fiscal stimulus in support of a green economy.\u201d The level of societal change which she describes, in order to align the financial system with green ideas, is nothing short of a paradigm shift. She mentions a \u201cgreen economy\u201d based on \u201centire supply chains and every stage of technological development,\u201d whilst \u201cat regional, national and supranational levels, ambitious Green New Deal programs rose to the occasion.\u201d Repeating what is a common theme in Great Reset literature, Mazzucato mentioned how governments would coax, or perhaps tell people how to conform to the green economy: \u201cGovernments used procurement, grants and loans to stimulate as much innovation as possible.\u201d<\/p>\n In reality, the plan appears to dramatically limit finances to only those who totally support the radical green agenda. Adherence, or not, to green policies, could determine whether an individual or a business is allowed access to finances, according the Great Reset architect, Klaus Schwab: \u201cGovernments led by enlightened leaders will make their stimulus packages conditional upon green commitments. They will, for example, provide more generous financial conditions for companies with low-carbon business models.\u201d<\/p>\n A recent essay on the WEF website called on \u201cGovernments\u201d and \u201cregulators\u201d to use \u201chard dollars and soft power\u201d in order to \u201cmandate and incentivize\u201d the \u201csustainable investments\u201d necessary for a \u201ccleaner, greener future.\u201d<\/p>\n Another repeated Schwab\u2019s theme, mentioning that \u201cBanks will play a critical role in supporting the transition to net zero carbon emissions.\u201d \u201cCompanies, and investors doing business with them, will have to respond,\u201d to the emphasis on sustainability, the article proclaimed. \u201cThese commitments create new opportunities for climate leaders and increase the pressure on laggards.\u201d Are Banks to become de facto enforcers of the Great Reset?<\/strong><\/p>\n The WEF article, calling for an increase in pressure on \u201claggards\u201d was written by Barry O\u2019Byrne, Chief Executive Officer of Global Commercial Banking, HSBC. It was that same bank, HSBC, which recently announced it plans to take the unprecedented measure of cancelling customers\u2019 accounts, if they entered the bank without a face mask.<\/p>\n A number of other financial \u201ccancellations\u201d have taken place recently, notably aimed at those opposing COVID lockdowns, supporters of former President Trump, and even Trump himself. Whilst such cancellations are not all related to COVID-19 regulations, they demonstrate the measures which banks are already taking to enforce political agendas.<\/p>\n Tucker Carlson recently revealed that Bank of America flagged customers\u2019 purchasing histories and sent it to the federal government in order to attempt to identify people who were involved with the pro-Trump January 6 protest in Washington, D.C. \u201cBank of America is effectively acting as an intelligence agency \u2013 but they\u2019re not telling you about it,\u201d warned Carlson.<\/p>\n Bank of America identified 211 customers who met \u201cthresholds of interest\u201d \u2013 transactions made in Washington, D.C. on January 5 or 6; any purchases for hotels or AirBnbs in D.C., Maryland, or Virginia after January 6; any purchase of weapons or at a weapons-related merchant (\u201ct-shirts included,\u201d noted Carlson) between January 7 and \u201cthe upcoming suspected stay in D.C. area around Inauguration Day\u201d; and \u201cairline related purchases\u201d since January 6 \u2013 and turned them over to the government.<\/p>\n The heavy-handed actions of these banks have some origin in Klaus Schwab\u2019s writings. Schwab described an example of how the green-based financial future could unfold, saying that climate activists will become \u201cemboldened,\u201d and will \u201credouble their efforts, imposing further pressure on companies and investors.\u201d \u201cLet\u2019s imagine the following situation to illustrate the point,\u201d he wrote. \u201cA group of green activists could demonstrate in front of a coal-fired power plant to demand greater enforcement of pollution regulations, while a group of investors does the same in the boardroom by depriving the plant access to capital.\u201d The scenario described by Schwab is not difficult to imagine, when examining the amount of banks who have committed to advancing green policies.<\/p>\n Speaking in December, Lael Brainard of the Federal Reserve\u2019s governing board, shed further light on the amount of money controlled by green-centered banks. Referencing the Task Force on Climate-Related Financial Disclosures (TCFD), which \u201cprovides a consistent global framework for companies and other organizations to improve standardization of climate-related financial disclosures,\u201d Brainard said: \u201cAs of October 2020, nearly 1,500 organizations with a combined market capitalization of $12.6 trillion, including financial institutions that own or manage assets of $150 trillion, had expressed their support for the TCFD framework.\u201d<\/p>\n Back in 2019, when its members only numbered 34, (as opposed to the current 83), the NGFS revealed that the banking jurisdiction of its members covered \u201c31%\u201d of the global population, and \u201c44% of the global GDP.\u201d<\/p>\n The NGFS adds that now its members are responsible for supervising \u201call of the global systemically important banks and two thirds of global systemically important insurers.\u201d<\/p>\n Then in its recent progress report from December 2020, the group proposed \u201cselective divestment\u201d and even financial \u201cactivity-based exclusions,\u201d for companies that were not in line with climate change polices, or so called \u201cParis aligned investing.\u201d<\/p>\n \u201cOf course, such discrimination is exactly what NGFS \u2013 now including the Fed \u2013 intends,\u201d wrote Breitbart\u2019s Virgil, \u201cto use the power of discriminatory finance to force industries, companies, and people to go green. Either that or cease to exist altogether.\u201d<\/p>\n \n yogaesoteric \n","protected":false},"excerpt":{"rendered":" Adherence, or not, to green policies, could determine whether an individual or a business is allowed access to finances The U.S. Federal Reserve has recently joined a little-known international conglomerate of central banks, all fundamentally committed to enforcing the \u201cgreen,\u201d eco-friendly dictates of the anti-life, global governance Paris agreement, in line with the Great […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1226],"tags":[1516],"class_list":["post-27034","post","type-post","status-publish","format-standard","hentry","category-society-1602-en","tag-article_of_the_week"],"_links":{"self":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/27034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/comments?post=27034"}],"version-history":[{"count":1,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/27034\/revisions"}],"predecessor-version":[{"id":29836,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/27034\/revisions\/29836"}],"wp:attachment":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/media?parent=27034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/categories?post=27034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/tags?post=27034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n
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<\/p>\n
\nIn building this \u2018reset\u2019, a whole range of stakeholders from investors, corporates, governments, financial institutions and consumers must align to create an ecosystem through which we invest in a cleaner, greener future.\u201d<\/p>\n
\n\u201cThe COVID-19 crisis cannot go to waste and that now is the time to enact sustainable environmental policies,\u201d Schwab declared. \u201cThe climate risk is unfolding more slowly than the pandemic did, but it will have even more severe consequences.\u201d
\n\u201cOur consumption patterns changed dramatically during the lockdowns by forcing us to focus on the essential and giving us no choice but to adopt \u2018greener living\u2019.\u201d<\/p>\n<\/p>\n
\n\u201cTo stop the climate crisis from further unfolding and end our dependence on fossil fuels, banks must stop financing the fossil fuel industry,\u201d wrote an international banking campaign group called BankTrack.<\/p>\n
\nFebruary 26, 2021<\/strong><\/p>\n