Despite corporate media portrayals of Joe Biden as a “moderate,” the president has regularly campaigned for radical economic policy changes, the bulk of which are rejected by the American public. This shift is a result of Biden’s close ties to the globalist “Great Reset” campaign, which the World Economic Forum launched in mid-2020 with the goal of “resetting” society and “reimagining capitalism.” Numerous world leaders, including Prince Charles, Al Gore, and the presidents of the United Nations, the International Monetary Fund, and an untold number of global corporations and banks, have approved The Great Reset.
The supporters of the Great Reset intend to alter the global economy in three ways: (1) through large-scale government programs such as the Green New Deal; (2) through national government mandates that businesses adhere to environmental, social, and governance (ESG) standards; and (3) through massive amounts of “printed” money from governments, banks, and other institutions.
While ESG is a different way of evaluating businesses, a company’s ESG score is dependent on how “awake” it is compared to others in its industry. For example, a firm that uses “too much” plastic, emits “too much” CO2, or doesn’t have the “right” ratio of Asian to Hispanic workers would be ranked worse than one that has lesser profitability and lower-quality products. Still, scores higher in the measures elites appreciate. Moreover, there is substantial evidence that President Joe Biden is in favor of the Great Reset. In late 2020, John Kerry stated unequivocally that he and Biden support the Reset. The White House’s measures have tremendous potential for really “resetting” the American economy.
Saule Omarova is a law professor at Cornell University who received her education in the Soviet Union. Omarova has advocated for the Federal Reserve to take control of a sizable portion of the consumer banking industry. Additionally, she has stated her support for the establishment of a permanent federal investment agency. Omarova would be well-positioned to assist the White House in pushing or even mandating ESG requirements if she were given charge of the OCC. Banks may be compelled to demand ESG ratings or other indicators as a condition of receiving financial services.
Gary Gensler, a former high-ranking Clinton campaign official, is a strong proponent of ESG ratings. As chairman of the Securities and Exchange Commission, he has ordered the agency to establish guidelines requiring public corporations in the United States to disclose their ESG data. Although the specifics of such disclosure standards remain unknown, multiple reports and remarks indicate that, at the very least, they would contain measures related to climate change.
Furthermore, Rohit Chopra was approved as the Consumer Financial Protection Bureau’s new director in September. Chopra has a reputation for being particularly tough on banks and rose to prominence on Capitol Hill due to his pivotal involvement in the CFPB’s early years. Chopra has perpetuated the misconception that lending procedures and credit scores are tainted by “racist and discriminatory policies.” Chopra’s CFPB would contain a credit scoring agency, allowing the government to create and modify credit ratings. No one can deny that a government-controlled personal ESG rating system may be misused.
However, the Joe Biden administration is laying the groundwork for the Great Reset in America. The only way to undo Biden’s harm may be to demolish some of the most potent offices and regulatory organizations.