THUNBERG FRONTS FOR BANKER’S ECO-FASCISM
September 30, 2019 in News by RBN Staff
Carney, speaking shortly after Thunberg, delivered the warning that the world’s most powerful central banks, and the private financial interests they serve, will tolerate no alternative to eco-fascist investments which shift industry “from brown to green”. Carney opened his talk by asserting, “A new, sustainable financial system is being built.” The key to this, he said, is bringing “climate risks and resilience into the heart of financial decision making,” as “sustainable investing must go mainstream.” During the summit, Carney and other speakers emphasized that, by “sustainable”, they mean phasing out energy production which provides the largest percentage of power in today’s economy, including coal, oil and gas, and nuclear production, and replacing them with sources with low or zero CO2 output. None of them spoke of what the result of such a transition would be, i.e., moving to an inefficient global power grid based on decreasing the energy flux density of the system, which would be incapable of sustaining the levels of manufacturing, transportation, construction or agricultural production required to actually sustain seven-plus billion lives on the planet. The result will be no significant electricity supply for the developing countries, increased global infant mortality, shortened lifespans, and depopulation.
On Sept. 22 in New York City, on the eve of the UN Climate Summit, executives of 130 global banks – led by 30 of the biggest – signed a “compact” called “Principles of Responsible Banking”, committing them to make the policy of the Paris Climate Accord, their investment policy. That 2015 Paris Accord called for three-quarters of world coal power production to be eliminated by 2030. These 130 banks claim $47 trillion in assets.
This compact follows Carney’s pronouncement from August 22, at the annual Jackson Hole Federal Reserve conference, that the era of the dollar has ended. He proposed replacing it with a virtual, digital currency, controlled by Central Banks. Specifying that nothing physical would back the new currency, he said this new “financial architecture” would allow for the expansion of credit as needed, adding that he is proposing what former Fed Chair Ben Bernanke called “helicopter money”, that is, distribution of funds produced by Central Banks, as though dropped from helicopters, to “stimulate” the economy. Left unsaid is the real policy: that this new currency would be directed, by the Central Banks, to flow into the endangered speculative bubble, and to create new bubbles, such as the Green Financial Initiative boondoggle he is promoting, on behalf of the City of London.
To enforce this new regime, he announced that a task force has been established which would require mandatory disclosures which affirm that future investments will go only to low or zero-carbon projects. “Firms that align their business models to the transition to a net zero world will be rewarded handsomely. Those that fail to adopt will cease to exist.” In other words, they will be denied credit, which would make their continued existence impossible.
The resulting banker’s dictatorship, which would lead to drastic population reduction, is the goal that the angry diatribe of Thunberg is promoting, as a mouthpiece for genocidal bankers.