Based Underground is now a conservative news aggregator AND curated newsletter.
Our governing systems continue their hard-left, anti-freedom, Marxist shift, which is leading to the development of a parallel system that conservatives are flocking to.
For decades, the federal government — at every level — has been infiltrated by left-wing ideologues who are authoritarian by their very nature, and now the Federal Reserve is joining the fray.
As reported by investigative journalist Jordan Schachtel on his Substack, the Fed “has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system.”
ESG — which stands for Environment, Social, and Governance in investing — “refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments,” according to Investopedia. What that means in practice, of course, is that regardless of the potential for earning profits for shareholders, which banks and corporations are beholden by law to always strive for, these institutions instead only invest in “politically correct” industries and sectors. No fossil fuels, for instance, as oil and gas are so early 2000s; no big tobacco; and nothing that has anything to do with Israel, just to name a few (because the hard left is comprised of true bigots and racists).
“Six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks,” the Fed noted in a statement last week. “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, and there will be no capital or supervisory implications from the pilot.”
In short, Schachtel said, the Federal Reserve “is working with the big banks to monitor their ability to comply with the ruling class’s preferred enviro statist technocratic tyranny.”
He goes on to say that the unaccountable, unelected bureaucrats at the Fed who are responsible for this new exercise claim it is only “exploratory in nature and does not have capital consequences.” The statement from the nation’s money printer also said that the “scenario analysis can assist firms and supervisors in understanding how climate-related financial risks may manifest and differ from historical experience.”
Then, why bother with this exercise at all? What’s the real purpose behind it? As Schachtel explains, there is always a statist purpose behind everything the American deep state does:
The Fed is clearly leaning in to the climate hoax narrative, or the pseudoscientific idea that humans are catastrophically impacting the climate, but not because they somehow care about the environment. The climate narrative is the chief rhetorical facilitator for the ESG (Environmental, Social, and Governance) movement.
ESG acts as a trojan horse for the continuing centralization of the American financial system. ESG finance, popularized by hyper political asset management behemoths like BlackRock and Vanguard, acts to prevent outsiders from challenging the regime-connected insiders on Wall Street and in Washington, under the guise of acting to manifest a healthier planet.
In short, institutions that are all-in for ESG essentially commit themselves to further attacking and eroding our founding free-market principles through deception, instead preferring Chinese communist-style “stakeholder capitalism” that empowers a small group of uber-elites and technocrats to make important decisions and broad determinations for all of society writ large.
Schachtel goes on to point out that he isn’t surprised that the mainstream media is cheering on the Fed’s tyrannical plan. The New York Times, the ringleader for the statist media, 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.”
Note that the Times’ deferential position is that the U.S. should behave like all other nations, running in lockstep with them, policywise, not doing what is best for Americans.
No wonder these people hate Donald Trump so much – he literally opposed every authoritarian tendency they have.
Sources include:
‘Merely Coincidental’: Secular Scientist Work Overtime to Explain Away the Miracles of Christ
by Harbingers Daily
Was the miracle of Jesus feeding the 5,000 with just five loaves and two fish a little less than miraculous? Well, that’s what a group of scientists are claiming in a recent paper published in a scientific journal. Instead of a supernatural provision by the Lord, they claim the feeding…
Google Hosts Party for Democratic Operatives Plotting To ‘Resist the Republican Agenda’
by Free Beacon
The resistance’s bar tab is on Google. Priorities USA, a top Democratic super PAC with an affiliated dark money group, is convening a summit of left-wing digital activists on Wednesday afternoon to deliver a post-mortem on Vice President Kamala Harris’s election loss and strategize how to “resist the Republican agenda,”…
“The Correction Before the Surge”: Why Gold and Silver’s Future Is Brighter Than Ever
by Sponsored Post
It was long overdue by most estimates. Precious metals prices have been steadily rising for far longer than even the …
Ukraine Denies Reports From Think Tank That It Is Months Away From Developing a Nuclear Weapon
by Natural News
Ukraine has denied reports suggesting it could develop a nuclear weapon soon, following claims by a Ukrainian military think tank. The report, published by the Ukrainian think tank and nongovernmental organization the Center for Army, Conversion and Disarmament Studies, claimed that Kyiv could use spent nuclear fuel from its remaining…
Alex Jones Reveals Elon Musk Saved Infowars From Being Sold to The Onion
by End Times Headlines
Alex Jones has declared ‘the cavalry is here’ as attorneys for Elon Musk’s X jumped in to help put a temporary pause on the sale of his controversial Infowars to The Onion. The satirical news publication said the bid was sanctioned by the families of Sandy Hook Elementary victims who…
FBI Whistleblower Says FBI Intentionally Blocking Security Clearances for Trump Officials
by The Conservative Treehouse
It should not come as a surprise to see the same methods deployed against President Trump in 2024 that were used by the FBI in 2016. The difference is now that President Trump understands the full power of his office in the security clearance process and that he doesn’t need…
Pastor Greg Locke Burns Voodoo Doll He Claims Was Found on His Property
by End Times Headlines
Even amid ongoing warfare, we are called to stand firm on the Word of God. Pastor Greg Locke knows well the spiritual and physical attacks directed at him; he was recently targeted by a gunman. Now, he faces another spiritual assault, this time from someone attempting to place a curse…
Trump’s Incoming FCC Chief Already Putting Target on Big Tech ‘Censorship Cartel’
by WND
Social media companies have become a “cartel” for suppressing information with which they disagree, and that agenda now is going to be getting the attention of Brendan Carr, President-elect Donald Trump’s pick to be the chairman of the Federal Communications Commission. It was social media companies who played a role…
Sabotage: Two Undersea Internet Cables Connecting Four NATO Nations Were Severed
by Publius
Many in the international community are claiming sabotage as the only viable explanation for two fiber optic internet cables in the Baltic Sea being severed less than 24-hours apart. Fingers are being pointed at Russia as one of the the cables connected NATO nations Germany and Finland. The latter was…
Pennsylvania Supreme Court Orders Democrats to Immediately End Counting of Illegal Ballots
by Infowars
The Pennsylvania Supreme Court on Monday ordered Democrats in several counties to immediately halt their unlawful counting of illegal ballots in the Senate race recount. The Pennsylvania Supreme Court had ruled before the election that mail-in ballots lacking formally required signatures or dates should not be included in official results….
22-Year-Old Woman With Depression Was Almost Euthanized, She Changed Her Mind Right Before She Was Killed
by Life News
Why do you oppose euthanasia, Wesley? If people want to die, we should help them die. No. And here’s an individual example explaining just one reason why. A deeply depressed woman was about to be lethally injected in the Netherlands — but changed her mind just in the nick of…
“Massive Breach”: T-Mobile Network Hacked by Chinese State Sponsored Intelligence
by Tyler Durden, Zero Hedge
(Zero Hedge)—Where’s John Legere in a pink t-shirt when you need him? Among the multiple stories over the last few weeks about Chinese intelligence and hackers either attempting to, or outright gaining access, to U.S. cell phone networks (with reports stating President Trump and his team were targeted), comes news…
Trump’s Idea to Shut Down Department of Education Gets High Five From Top Christian Evangelist
by WND
A priority for the incoming administration of President-elect Donald Trump is to tackle the Deep State, the bureaucracy in Washington that is a self-perpetuating industry, to find what American taxpayers don’t need or want. And get rid of it. One of the targets he’s already identified is the Department of…
Experts Sound Alarm Over ‘Shocking’ Spike in Strokes Among ‘Healthy’ Young People
by Slay News
Health experts have issued a chilling warning to the public over a “shocking” spike in strokes among “healthy” young people. The “alarming” surge was identified in official UK government data. The data shows that recorded cases of deadly strokes skyrocketed in 2023 and continued soaring this year. In 2023/24, the…
The Fed ( Federal Reserve ) IS NOT PART OF THE FEDERAL GOVERNMENT !
It is a PRIVATE BANKING CONSORTIUM whose leaders are chose by Congress from a list presented to it by the very bankers who end up being in charge of it.
It has ZERO legal authority over we the people …
We can circumnavigate it by establishing systems that enable us to do commerce OUTSIDE of their controls.
So you can call the Fed a “Marxist” bank, but you can’t find the nerve or the courage to call them a JEWISH bank.
Can’t believe people think this guy is on their side.
Communism…Bolshevism…Marxism…Satanism…is all JUDAISM.
Take your anti-Semitism to your leftist sites as we don’t need to hear about your fanaticism and hatred for God’s chosen people.
Notice like most lefties, you don’t deal in substance as in the issue itself of ESG, you attack the delivery method, which in this case is banks.
That’s too bad. We’ll miss you…no, probably not. Who would miss a banker.