Left-wing lunacy now taking over global monetary policy as central banks embrace “climate change”
01/27/2020 / By JD Heyes / Comments
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Left-wing lunacy now taking over global monetary policy as central banks embrace “climate change”

The insane Left has been predicting human-caused planetary demise since the 1960s, when fear of “overpopulation” and “mass starvation” dominated Western culture.

Naturally, those two phenomena didn’t happen, and neither have any of the subsequent predictions of catastrophe: Global cooling, the new Ice Age, global warming, or … “climate change.”

President Trump actually addressed this irrational fear-mongering during his opening speech to the World Economic Forum in Davos, Switzerland on Tuesday.

“We must reject the perennial prophets of doom and their predictions of the apocalypse. They are the heirs of yesterday’s foolish fortunetellers,” the president said.

How very true. But now this insanity has been taken to a whole new level by the Leftist-globalists who run the world’s banking industry.

As reported by Zero Hedge, the world’s biggest Western central banks — the U.S. Federal Reserve, the Bank of Japan, the European Central Bank, and the Bank of England — “have now embraced climate change as part of their mission.”

“It’s bad enough that central bankers are clueless about inflation,” the site noted further, adding that now “they want their hands in another thing they do not understand” and couldn’t control anyway, even if they did.

Lael Brainard, the chairperson of the Fed’s Committee on Financial Stability (isn’t all of the Fed interested in ‘financial stability’?), said in a November speech entitled, “Why Climate Change Matters for Monetary Policy and Financial Stability,” in San Francisco, “we need not look far from here to see the potentially devastating effects of our changing climate.”

Brainard immediately referenced California’s wildfires as ‘proof’ the climate was changing, though the arid state, much of which is desert-like, has experienced them for centuries.

“Less than a hundred miles from here, families have lost their homes and businesses, and entire communities have been devastated by the Kincade fire,” she said.

The Left uses ‘climate change’ as a means of controlling populations

How, exactly, does climate change fit into monetary policy, pray tell, as well as the Fed’s work? Brainard spoke only in vagaries and non-specifics, using flowery language that didn’t really explain what it is she’s claiming.

“To support a strong economy and a stable financial system, the Federal Reserve needs to analyze and adapt to important changes to the economy and financial system. This is no less true for climate change than it was for globalization or the information technology revolution,” she said.

“To fulfill our core responsibilities, it will be important for the Federal Reserve to study the implications of climate change for the economy and the financial system and to adapt our work accordingly,” she added.

Fine; but what does that mean, in practical layman’s terms? Does it mean what climate Leftists always mean when they make such meaningless statements — that the Fed is planning monetary policies that exert more control over the U.S. economy, leaving less of it in control of free-market capitalists who, by advancing our human condition through technology are really just ‘destroying the planet’? (Related: Fifty-eight new science papers published in 2017 reveal NO global warming… “climate change” hoax unravels under scientific scrutiny.)

The Bank of Japan’s Gov. Haruhiko Kuroda made similarly flowery, but vague, comments, as did the head of the ECB and the Bank of England.

None of these people a) have a clue about what is really causing our climate to ‘change’ (hint: Evolution of the planet); or b) what to do about it if they did understand it.

Short of playing God and trying to control the weather, the only thing left to these globalist-statists is controlling people.

Because, let’s face it, that’s really what all of these hare-brained, Left-wing movements have been about since the 60s — controlling human beings’ behaviors. And the only way to do that is via authoritarianism.

The Earth’s climate is changing, there’s no question about that, because it has always changed. To blame it on human activity is not simply factually untrue, it’s arrogant because it also assumes we can ‘do something about’ the phenomenon.

Like change monetary policies. Or something.

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