A vast sweeping change towards a “green economy” is now being pushed by forces that may make an educated citizen rather uncomfortable.
Of course, news reports flash daily showcasing the brave young movement of “eco-warriors” led by Sweden’s “forever 15 year old” Greta Thunberg or America’s 17 year old Jamie Margolin who have become a force across Europe and America leading such movements as the Extinction Rebellion, This is Zero Hour, the Sunrise Movement and Children’s eco-crusade. The young face of Alexandria Ocasio-Cortez daily sells the idea that the only way for outdated capitalist forces that have plagued the world for decades to be replaced is by imposing a sweeping Green New Deal that priorities de-carbonization as a goal for humanity rather than continuing to allow the mindless forces of the markets to determine our destiny.
When EU President Ursula von der Leyen had stepped into her office, she lost no time attacking China’s Belt and Road Initiative (which is ironically representing a true 21st century New Deal) by saying “some are buying their influence by investing in dependence from ports and roads”… but “we go the European way”. What is the “European way”? Not the development plans of Charles De Gaulle or Konrad Adenauer who envisioned industrial growth and increasing population as positives, but rather a Green New Deal. Von der Leyen then announced that “I want Europe to become the first CO2 neutral continent in the world by 2050! I will put forward a Green New Deal for Europe in my first 100 days in office…”
Attacking the “mindless forces of the market” and vested power structures of capitalism are not bad things to do… but why must we de-carbonize? Re-regulating the too-big-to-fail banks is long overdue, but why do so many assume that a “Green New Deal” won’t just empower those same forces that have run havoc upon the world for the past half century and just cause more death and starvation than has already been suffered under Globalization?
One might only think to even ask such questions by first confronting the uncomfortable fact that behind such young cardboard cut outs as Thunberg, Margolin, Cortez or the Green New Deal are figures whom one would not associate with humanitarianism by any measure.
Green Bonds and Oligarchs
When we begin to pull back the curtain we quickly run into figures like Prince Charles, who recently met with the heads of 18 Commonwealth countries to consolidate climate emergency legislation which was promptly passed in the UK and Canadian Parliaments. At the end of the meeting Charles said that we “have 18 months to save the world from climate change” and called for “increasing the amount of private sector finance flowing towards the supporting sustainable development throughout the commonwealth”.
Following the royal decree, the Bank of England and some of the dirtiest banks in the Rothschild-City of London web of finance have promoted “green financial instruments” led by Green Bonds to redirect pension plans and mutual funds towards green projects that no one in their right minds would ever invest in willfully. The Ecological, Social, Governance Index (ESGI) has now been set up across 51% of Germany’s banks including the derivatives-bomb waiting to blow named Deutschebank. Leading bankers supporting the ESGI like Mark Carney of the Bank of England have said that over 6.5 trillion Euros could be mobilized under this new index (which currently accounts for about $160 billion). The creation of these “green bonds” run hand-in-hand with the Bail-in mechanisms which have now been implemented across the trans-Atlantic nations in order to steal trillions of dollars of from pension funds, RRSPs and Mutual funds the next time a bail out is needed to prop up the “too big to fails” which currently sit atop a $1.2 trillion derivatives bubble waiting to blow.
On top of heading the Bank of England, former Goldman Sachs-man Carney has also endorsed the Financial Stability Board’s Task Force on Climate Related Financial Disclosures which was created in 2015 and was used as a guideline for the UK government’s July 2019 White Paper “Green Finance Strategy: Transforming Finance for a Greener Future”. The White Paper proposed to “consolidate the UK’s position as a global hub for green finance and positioning the UK at the head of green financial innovation and data and analytics… endorsed by institutions representing $118 trillion of assets globally”. The Carney-led Task Force also spawned the Green Finance Initiative in 2016 which is now a primary vehicle designed to divert international capital flows into green tech.
Carney’s former employer at Goldman Sachs has also created a “Green Index for ‘virtuous investing” including two new sustainability indices to promote heavy investment in to green infrastructure called CDP Environment EW and CDP Eurozone EW. The acronym CDP originates from the Climate Disclosure Project – a London-based think tank that generated Goldman Sachs’ program. Goldman Sachs’ Marine Abiad promoted the CDP index saying on July 10 “we are convinced that sustainable finance enables financial markets to play a virtuous role in the economy.”
Just in case you thought the Extinction Rebellion was somehow untouched by the hand of social engineers, a leading figure behind the movement named Alex Evans was a former consultant on the Prince’s International Sustainability Unit, and co-author of the US National Intelligence Council’s Global Trends 2025: A Transformed World which became an environmental/foreign policy blueprint for the Obama Administration in 2008. Currently Evans also runs the Collective Psychology Project “where psychology meets politics”.
The post The Misanthropic Bankers Behind COP26 and the Green New Deal appeared first on LewRockwell.