Meeting in the shadows of the COP26 gathering in Glasgow, Scotland, the captains of private finance laid out their plans to restructure the global financial system. For months, I’ve been waiting for the banks and financial institutions to make their move. The plan is to reconfigure the role and scope of global and regional financial institutions, including the World Bank and IMF.
The officially cover story presents this massive transformation as a unified transition to a global (carbon) “net zero” economy. This new arrangement will totally change “global financial governance.” By further weakening national sovereignty by forcing nation states to follow new rules that favor wealthy of alliance members for their benefit under the guise of promoting fake United Nations “sustainability goals.” We have already seen this power-grab progression expressed in the global lockdowns, surveillance systems development via the 5G/6G rollout in “Smart Cities” around the world. That was the appetizer. This is the entrée.
Whitney Webb has written a very comprehensive analysis of the meeting, the plan, and its implications for all living things on this little planet of ours.
“This alliance, called the Glasgow Financial Alliance for Net Zero (GFANZ), was launched in April by John Kerry, US Special Presidential Envoy for Climate Change; Janet Yellen, US Secretary of the Treasury and former chair of the Federal Reserve; and Mark Carney, UN Special Envoy for Climate Action and Finance and former chair of the Bank of England and Bank of Canada. Carney, who is also the UK prime minister’s Finance Advisor for the COP26 conference, currently cochairs the alliance with US billionaire and former mayor of New York City, Michael Bloomberg.
“Though GFANZ has cloaked itself in lofty rhetoric of “saving the planet,” its plans ultimately amount to a corporate-led coup that will make the global financial system even more corrupt and predatory and further reduce the sovereignty of national governments in the developing world.” Id.
And here’s how “the mechanics” of this diabolical plan will work. If you thought multi-national development banks like the IMF and World Bank were uses as weapons against small, emerging economies in the global South before, this is the “nuclear” financial option enveloping (enclosure) every aspect of every penny invested in once sovereign nations.
“In addition to the creation of “corporatist” “country platforms” that focus on specific areas and/or issues in the developing world, GFANZ aims to also further “corporatize” multilateral development banks (MDBs) and development finance institutions (DFIs) in order to better fulfill the investment goals of alliance members. Per the alliance, this is described as increasing “MDB-private sector collaboration.” The GFANZ report notes that “MDBs play a critical role in helping to grow investment flows” in the developing world. MDBs, like the World Bank, have long been criticized for accomplishing this task by trapping developing nations in debt and then using that debt to force those nations to deregulate markets (specifically financial markets), privatize state assets and implement unpopular austerity policies. The GFANZ report makes it clear that the alliance now seeks to use these same, controversial tactics of MDBs by forcing even greater deregulation on developing countries to facilitate “green” investments from alliance members.” Id.
I could go on, and on, but Whitney Webb has laid it all out. I urge readers to take full advantage of her research. In order to fully appreciate the broader implications of the Covid 19 scam, it is essential to understand the importance of this ultimate merger (corporatization) of MDBs and the unimaginable deregulation that coming under the frame and narrative of “decarbonization.” Climate change is the “big enchilada” in this global takeover scheme.