Gracious - who could have seen this coming?
It almost looks as if the WEF/Davos climate cabal was...dare I speak it?
Made up of grifters who were only in it to rule the world to begin with.
I know that's not what you were expecting, but that's basically what this is proving, isn't it?
If changing one American president has enough power to chase all the dedicated and firm climate change believers out of these organizations, which were ostensibly started to SAVE THE WORLD from us?
How bad off could the world and 'climate'...really be?
Today, our Federal Reserve has withdrawn from the Global Climate Coalition, officially known as the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) (How about that for a self-congratulatory, unelected virtue-signaling moniker?)
Like, who are these guys (no one ever heard of 'til now) and what do they do?
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS), launched at the Paris One Planet Summit on December 12, 2017, is a group of Central Banks and Supervisors willing, on a voluntary basis, to share best practices and contribute to the development of environment and climate risk management in the financial sector and to mobilize mainstream finance to support the transition toward a sustainable economy.
Ah. I get it. Yet more dystopian meddling in the name of the climate cult, which is cover for the authoritarians looking for extra-legislative means to control our very existences. This is more 'eat the bugs' cocktail crowd, forming yet another exclusive club for societal machinations and collusional ESG (environmental, social, governance) financial arm-twisting to maneuver the peasants into perpetual servitude.
How unfortunate for their plans that the peasants in the States found their pitchforks and torches before matches were outlawed.
And now, these cult cliques are cracking apart in a hurried but dignified panic.
The Federal Reserve announced Friday it had withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System https://t.co/YkA2L2dVEx pic.twitter.com/cEyxEWz8k2
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) January 17, 2025
By the first week of this new year, there wasn't a single major US bank left in something called the 'NetZero Banking Alliance,' an ESG monstrosity that also saw the exit of Larry Fink's behemoth Blackrock investment firm shortly thereafter.
...Every big American bank firm made the proper noises about achieving their goals and maintaining their commitment to the climate cult going forward. But they all still left the Alliance except 500 lb gorilla banking behemoth JP Morgan.
Not to despair, though.
They left today, sending shockwaves through the movement as JP Morgan's exit means the six largest banks in the world's economy have "all left the group in the space of a month."
...It doesn't sound as if JP Morgan will be the last big clown shoe to fall on the Alliance's head, either.
The world's largest investment fund, one of the firms in the state AGs lawsuits, is having second thoughts about being the only big woke target left in the clubhouse.
Looks like Larry Fink has 'adios' on his mind.
Dignified retreats, but scurrying out the door nonetheless.
The coping language used for these retreats is pretty hysterical in itself.
For instance, in today's Fed announcement, there is nothing about the grifters getting their clocks cleaned in November and a decided turn of opinion on the part of the American people playing any part.
Nah.
The financial class adjusts quickly… “Oh ok that grift has been spotted by the plebs….Run away!” https://t.co/iYahELllJ8 pic.twitter.com/MWqqw2RsuZ
— Edward Dowd (@DowdEdward) January 17, 2025
The Federal Reserve says the NGFS is now involved in too many other pursuits outside of what the Fed's mandate covers.
The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.
“While the Board has appreciated the engagement with the NGFS and its members, the work of the NGFS has increasingly broadened in scope, covering a wider range of issues that are outside of the Board’s statutory mandate,” the central bank said in a statement on Friday.
The Fed has come under pressure in recent years from Republican lawmakers, including over concerns that climate concerns have unduly influenced financial regulation and that the central bank has become increasingly politicized
I wasn't aware the Fed ever had a green mandate, to begin with, and, as Alexander Hamilton is no longer with us to be able to run intent by him, I suppose interpretation is everything.
And the question of why the Fed would be tied up in something so obviously - despite what they might try to claim their 'statutory mandate' is - outside their purview needs to be asked in an official capacity by someone, hasty withdrawal aside.
So they could prop up the EU
— Mark Johnson (@It_Uongo) January 17, 2025
It's not as if Jerome Powell's Federal Reserve has covered itself in glory by handling our significant domestic economic challenges. There's an argument to be made that their policies contributed handsomely to them.
Perhaps if they weren't so enamored of policing unicorn farts while musing away with other brahmins over an 18-year-old Macallan elsewhere, we might be in better shape.
That orange shadow looms large, and thank God for it.
We'd never know about these things otherwise. God willing, we'll know more soon.
Three more days.
