Tuesday, July 16, 2024

Nation’s Largest Banks to Participate in a Pilot Climate Scenario Analysis Exercise – Sound Familiar?

Per a press release on September 29th from federalreserve.gov, Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo will in 2023 all be involved in an exercise “designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks.”

For what?

“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.”

It sounds like the Federal Reserve Board wants us to think that they are looking out for the best interests of our economy by seeing what happens if they “pretend” that climate scenarios (whatever that means) occur. 

This vague release is claiming that “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.”

Speaking of historical experience, this all sounds a bit too familiar. It has quite the Event 201 ring to it. 

Event 201 was a simulation put on by the World Economic Forum and the Bill and Melinda Gates Foundation about a coronavirus pandemic that transmitted from bats to people that led to a pulmonary illness and even death.

This simulation exercise based on hypothetical concerns was put on, wait for it…in October of 2019 – just a few months before the coronavirus that we all intimately know actually came to our lives to erode our God given rights.

The puppet masters of our global economy are now publicly designing experiments that reveal what they have to do when the weather threatens our financial systems.

You used to have to go at least a few decades back to wait for history to rhyme, now it is just a few years. Let’s hope the “coincidence” of how soon the real version arrives after the simulation isn’t as timely as it was with Event 201.