Tag Archives: Social Credit System

Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system, by Jordan Schachtel

Posted on October 3, 2022 | Leave a comment

Do as your told or there will be no money in your bank account for you! From Jordan Schachtel at dossier.substack.com:

“Climate finance” is almost identical to that of the Chinese Communist Party’s social credit score system.

The Fed said in a statement Thursday:

“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. 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 other words, The Fed is working with the big banks to monitor their ability to comply with the ruling class’s preferred enviro statist technocratic tyranny.

The unaccountable people behind the American money printer claim that this exercise is “exploratory in nature and does not have capital consequences.”

The statement adds that the “scenario analysis can assist firms and supervisors in understanding how climate-related financial risks may manifest and differ from historical experience.”

What exactly does this mean?

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Is a Social Credit System Coming for Us? By Tessa Leena

Posted on May 13, 2022 | Leave a comment

It will be implemented gradually, almost imperceptibly, but a social credit system is indeed copming to the U.S. From Tessa Leena at mercola.com:

Story at-a-glance

  • The city administration of Bologna, Italy, is piloting a program that brings “digital governance” and the Fourth Industrial Revolution straight to the citizens
  • The new Bologna municipal app comes with a social credit system
  • “Virtuous citizens” get rewards for doing nice things, such as using public transport, keeping their energy use low, etc.
  • World Economic Forum’s “digital governance” framework demands that governments rewrite national laws and regulations to effectively remove “unnecessary” privacy, so that the data can be used to train AI
  • In 2020, seven nations (Canada, Italy, Denmark, the UK, Japan, Singapore, and UAE) signed an agreement in partnership with the World Economic Forum to become “Agile Nations”

A Social Credit Score System Is Piloted in Bologna, Italy

The city administration of Bologna, Italy, is piloting a program that brings the beast of the Fourth Industrial Revolution straight to the citizens. It’s an early reiteration of Klaus’ Schwab’s Fourth Industrial Revolution, the honey moon, so to speak — so it comes to the citizens wrapped in gift paper, with balloons, prizes, and party language. But make no mistake: underneath, there is cruel man-eating machine that wants to mine your data and control your behavior!

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Progressive Governance Needs a Social Credit State, by William L. Anderson

Posted on March 16, 2022 | Leave a comment

Progressives are always looking to up governments’ power and control, and right now that means implementing a global social credit state. From William L. Anderson at mises.org:

Critics of the Chinese Communist regime often point toward the government’s social credit system, in which the government traces individuals’ electronic paths, from their comments on social media to items they purchase, and issues rewards and punishments based on the information collected. For example, a Chinese citizen who receives a “bad” social credit score might not be permitted to ride one of the famous high-speed trains, being relegated to the slower trains for travel, and might be denied air travel.

Not surprisingly, people in the West have denounced the system as being heavy-handed, including CBS News, hardly a voice of antiprogressivism:

The fear is that the government will use the social credit scoring system to punish people who are not sufficiently loyal to the communist party, and trying to clear your name or fight your score is nearly impossible since there is no real due process.

Human Rights Watch, hardly a right-wing entity, is even more scathing in its criticism of China’s system:

Apple CEO Tim Cook looks forward to a “common future in cyberspace” with China, he told the Chinese government’s World Internet Conference earlier this month. This was an embarrassing gesture toward a state that aggressively censors the internet and envisions a dystopian future online.

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The Coming Terror of Social Impact Finance and Social Credit Score, by Derrick Broze

Posted on February 26, 2022 | Leave a comment

Theodore Kaczynski had some interesting things to say about technological dystopian. From Derrick Broze at thelastamericanvagabond.com:

Will the social engineers of the future use social engineering tools such as social credit scores and social impact finance to co-create a more equitable and just world? Or are all of the buzzwords simply another mask for the next stage of colonialist-corporate-capitalism?

“The Industrial Revolution and its consequences have been a disaster for the human race. They have greatly increased the life-expectancy of those of us who live in “advanced” countries, but they have destabilized society, have made life unfulfilling, have subjected human beings to indignities, have led to widespread psychological suffering (in the Third World to physical suffering as well) and have inflicted severe damage on the natural world. The continued development of technology will worsen the situation. It will certainly subject human beings to greater indignities and inflict greater damage on the natural world, it will probably lead to greater social disruption and psychological suffering, and it may lead to increased physical suffering even in “advanced” countries.” ― Theodore John Kaczynski, Industrial Society and Its Future

Between 1978 and 1995, Theodore John Kaczynski, or simply Ted Kaczynski, launched a coordinated bombing campaign in an attempt to raise awareness about the threat digital technology poses to the planet and all life. Kaczynski’s bombs resulted in the deaths of 3 people, 23 persons injured, and him being sentenced to spend the rest of his life behind bars in the supermax prison in Florence, Colorado.

On September 19, 1995, The Washington Post and The New York Times co-published Kaczynski’s manifesto, Industrial Society and Its Future, and quickly catapulted the terrorist to cult status among certain radical anti-technology activists and anarcho-primitivists. It was the publication of Kaczynski’s writing that ultimately led to his capture and imprisonment. Since that time, his words and ideas have been heavily debated, dissected, praised, and scorned.

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Posted in Civil Liberties, Culture, Economy, Governments, History, Morality, Privacy, Science, Technology, Tyranny

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China’s ‘Social Credit’ system has arrived to America, by Simon Black

Posted on August 5, 2021 | Leave a comment

How would you like to be denied a plane ticket because of your political affiliation? We’re almost there. From Simon Black at sovereign man.com:

As a journalist in China, Liu Hu was no stranger to punishment.

For reporting on corruption among government officials, Hu was arrested, accused of “fabricating and spreading rumours,” and fined.

But then one day in 2017 he suddenly found that he was unable to buy a plane ticket. The system just rejected him. He also found he couldn’t purchase certain train tickets.

Then he discovered that he was unable to acquire a loan from any bank, and even forbidden from buying property at all.

Eventually Liu Hu discovered his name on a government “List of Dishonest Persons Subject to Enforcement.” And there was no obvious way to appeal the designation, or have his name removed from the list.

Hu was one of the early victims of the Chinese social credit system which blacklists citizens who are found to be untrustworthy— in the sole discretion of the Chinese government.

Others on the list have been prevented from renting certain apartments, holding particular jobs. They’ve even, had their bank accounts frozen.

Sometimes, all it took to become blacklisted was an accusation from a disgruntled business partner, or a social media post critical of the government.

It’s almost like an official version of the Twitter mob’s habit of “canceling” people for wrong-think.

The Twitter mob may be easy enough to ignore for most of us. But now it’s become more mainstream to purge US residents who have bad social credit.

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A Society Based on the Social Credit System is Closer Than You Think, by Robert Wheeler

Posted on May 15, 2021 | Leave a comment

There are a gaggle of US politicians who are looking at China’s Social Credit System with lust in their hearts. From Robert Wheeler at theorganicprepper.com:

The social credit system took yet another step forward—this time, from Down Under. Under the guise of a welfare crackdown, Australia moved 25,000 people onto a cashless card system that restricts non-essential purchases. 

Aussie welfare recipients only access to funds is via a cashless debit card

Australia’s government forced thousands of welfare recipients on to Centrelink, a cashless debit card. Under a massive expansion of the plan and new Federal Budget, immigrants have no access to most kinds of welfare for four years after attaining residency. However, the most crucial aspect of Centrelink is Aussies cannot use the cards for gambling, alcohol, or cigarettes. Only necessities like groceries and food can be purchased with the cards. 

East Kimberley and Goldfields in Western Australia, Ceduna in South Australia, and the Bundaberg-Hervey Bay region of Queensland trialed the cards beginning in 2016. Under this scheme, 80 percent of welfare recipients’ Centrelink payment will go directly to the card rather than a bank account. That is supposed to keep recipients from wasting the welfare on unnecessary items.

Treasurer Josh Frydenberg unveiled the plan to make the scheme permanent in the trial locations. The plan also includes extending it to 25,000 people in the Northern Territory and Cape York.

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The Great Reset, Part III: Capitalism With Chinese Characteristics

Posted on January 5, 2021 | Leave a comment

China is the model for the Great Reset. From Michael Rectenwald at mises.org:

Part 1

Part II

The title of this essay represents a play on the Chinese Communist Party’s description of its economy. Several decades ago, when China’s growing reliance on the for-profit sectors of its economy could no longer be credibly denied by the CCP, its leadership approved the slogan “socialism with Chinese characteristics” to describe the Chinese economic system.1 Formulated by Deng Xiaoping, the phrase became an essential component the CCP’s attempt to rationalize Chinese capitalist development under a socialist-communist political system.

According to the party, the growing privatization of the Chinese economy was to be a temporary phase—lasting as long as a hundred years according to some party leaders—on the way to a classless society of full socialism-communism. The party leaders claimed, and still maintain, that socialism with Chinese characteristics was necessary in China’s case because China was a “backward” agrarian country when communism was introduced—too early, it was suggested. China needed a cap­italist booster shot.

With the slogan, the party was able to argue that China had been an exception to the orthodox Marxist position that social­ism arrives only after the development of capitalism—although Marx himself deviated from his own formula late in life. At the same time, the slogan allowed the CCP to confirm the ortho­dox Marxist position. China’s communist revolution had come before developed industrial capitalism—an exception to orthodox Marxism. Capitalism was thus introduced into China’s economic system later—a confirmation of orthodox Marxism.

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Posted in Capitalism, Civil Liberties, Collapse, Crime, Cronyism, Governments, Law, Media, Medicine, Politics, Propaganda

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Chinese Government Combines ‘Track and Trace’ Corona System With Social Credit Score, by Paul Joseph Watson

Posted on September 13, 2020 | Leave a comment

The Chinese government has been a trailblazer in ways to deprive their citizens of the last vestige of their freedoms. Now its combining Covid-19 totalitarianism with social credit score totalitarianism. This is what the new world order potentates have in mind. From Paul Joseph Watson at summitnews.com:

China News Service/Getty Images

The Communist government of China has combined its coronavirus ‘track and trace’ system with the country’s notorious social credit score.

As the Epoch Times’ Joshua Philipp explains, fears that the new COVID surveillance system would be used for “totalitarian social monitoring” are being realized in China.

“The local government of China’s Jiangsu province has launched a new social control system that combines the CCP’s health code program with the regime’s social credit system to create what they’re calling a civilization code,” Philipp reported.

The new system ranks each citizen via a “civilization score” and then places them in a category which determines whether they get priority access to services or are punished and restricted.

The new system represents an expansion of the social credit score and is being initially rolled out in the city of Suzhou and will apply to everyone over the age of 18.

Last year, we also highlighted how Chinese citizens would need to pass a facial recognition test to access the Internet in another expansion of the social credit score system.

In August 2019, the Communist state bragged about how it had prevented 2.5 million “discredited entities” from purchasing plane tickets and 90,000 people from buying high speed train tickets in the month of July alone.

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Who Profits From the Pandemic? by Pepe Escobar

Posted on April 10, 2020 | 1 comment

The money paragraph: “That’s so quaint. Public trust is dead across the spectrum. The liberal world “order” is now social Darwinist chaos. Just wait for the fire to rage.” From Pepe Escobar at strategic-culture.org:

You don’t need to read Michel Foucault’s work on biopolitics to understand that neoliberalism – in deep crisis since at least 2008 – is a control/governing technique in which surveillance capitalism is deeply embedded.

But now, with the world-system collapsing at breathtaking speed, neoliberalism is at a loss to deal with the next stage of dystopia, ever present in our hyper-connected angst: global mass unemployment.

Henry Kissinger, anointed oracle/gatekeeper of the ruling class, is predictably scared. He claims that, “sustaining the public trust is crucial to social solidarity.” He’s convinced the Hegemon should “safeguard the principles of the liberal world order.” Otherwise, “failure could set the world on fire.”

That’s so quaint. Public trust is dead across the spectrum. The liberal world “order” is now social Darwinist chaos. Just wait for the fire to rage.

The numbers are staggering. The Japan-based Asian Development Bank (ADB), in its annual economic report, may not have been exactly original. But it did note that the impact of the “worst pandemic in a century” will be as high as $4.1 trillion, or 4.8 percent of global GDP.

This an underestimation, as “supply disruptions, interrupted remittances, possible social and financial crises, and long-term effects on health care and education are excluded from the analysis.”

We cannot even start to imagine the cataclysmic social consequences of the crash. Entire sub-sectors of the global economy may not be recomposed at all.

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Posted in Banking, Business, Civil Liberties, Collapse, Economy, Government, Insurrection, Labor, Medicine, Politics, Privacy, Propaganda, Surveillance

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The Game of Life: Visualizing China’s Social Credit System, from The Visual Capitalist

Posted on September 29, 2019 | Leave a comment
A graphic and text explanation of China’s chilling Social Credit System, from visualcapitalist.com:

China's Social Credit System

The Game of Life: Visualizing China’s Social Credit System

In an attempt to imbue trust, China has announced a plan to implement a national ranking system for its citizens and companies. Currently in pilot mode, the new system will be rolled out in 2020, and go through numerous iterations before becoming official.

While the system may be a useful tool for China to manage its growing 1.4 billion population, it has triggered global concerns around the ethics of big data, and whether the system is a breach of fundamental human rights.

Today’s infographic looks at how China’s proposed social credit system could work, and what the implications might be.

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Posted in Business, Civil Liberties, Government, Privacy, Surveillance, Technology, Uncategorized

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