Serious manipulation

[SOL]

U.N. agency warns of recession linked to 'imprudent' monetary policy

A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy.

"Excessive monetary tightening could usher in a period of stagnation and economic instability" for some countries, the United Nations Conference on Trade and Development (UNCTAD) said in a statement released alongside its annual report.

"Any belief that they (central banks) will be able to bring down prices by relying on higher interest rates without generating a recession is, the report suggests, an imprudent gamble," it said.

The report said that higher interest rates, including hikes by the U.S. Federal Reserve, would have a more severe impact on emerging economies, which already have high levels of private and public debt. The report, entitled "Development prospects in a fractured world", also warned of a potential debt crisis in the developing world.

"The current course of action is hurting vulnerable people everywhere, especially in developing countries. We must change course," UNCTAD Secretary-General Rebeca Grynspan told a press conference in Geneva.

https://finance.yahoo.com/news/un-agenc ... 08074.html

[LoriPrecisely]

This is where they are attacking capitalism next:

The Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023.

Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo will undergo the exercise, which, the Fed said, will not have capital or supervisory consequences. The Fed plans to publish aggregate findings from the exercise but no firm-specific information.

The exercise will mark the first public effort by the Fed to gauge the level and management of risks for banks when it comes to climate change, and could begin a process that ends up informing how banks lend and manage risk in the future.

https://finance.yahoo.com/news/fed-kick ... 30898.html

[chippermon]

This is where they are attacking capitalism next:

The Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023.

Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo will undergo the exercise, which, the Fed said, will not have capital or supervisory consequences. The Fed plans to publish aggregate findings from the exercise but no firm-specific information.

The exercise will mark the first public effort by the Fed to gauge the level and management of risks for banks when it comes to climate change, and could begin a process that ends up informing how banks lend and manage risk in the future.

https://finance.yahoo.com/news/fed-kick ... 30898.html

This is not an attack on capitalism. This their version of it. Every one of those banks mentioned are the real owners, deciders, bosses, controllers of the Federal Reserve. It is NOT the people or the government or whatever BS they're shoveling out there to the masses. They like to say it is for you and me but nothing could be further from the truth. This is the PTB in action. Believe it.

[Budge]

The exercise will mark the first public effort by the Fed to gauge the level and management of risks for banks when it comes to climate change, and could begin a process that ends up informing how banks lend and manage risk in the future.

"The exercise will mark the first public effort by the Fed to gauge the level and management of risks for banks when it comes to climate change"

As opposed to the normal, run of the mill criminality that'll destroy "the world the universe and everything"!

What a crock - look squirrel!

[Yodean]

This is not an attack on capitalism. This their version of it. Every one of those banks mentioned are the real owners, deciders, bosses, controllers of the Federal Reserve. It is NOT the people or the government or whatever BS they're shoveling out there to the masses. They like to say it is for you and me but nothing could be further from the truth. This is the PTB in action. Believe it.

Word. Pretty much this. Also BlackRock, Vanguard, but I'm quibbling here.