...have now embraced climate change as part of their 'mission'...
They now want their hands in another thing they do not understand and cannot control even if they did.
Fed's Core Mission Change
Lael Brainard, Chair of the Fed's Committee on Financial Stability, says Climate Change Matters for Monetary Policy and Financial Stability.
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."
Climate Change Essential to Achieving Mission
Brainard was just one of the speakers at the Fed's Economics of Climate Change summit last November.
Mary Daly, San Francisco Fed president has this Q&A in her presentation.
A: The answer is simple. It's essential to achieving our "mission"...
Bank of Japan Warns of Climate Change Risks
Japan Times reports Bank of Japan Gov. Haruhiko Kuroda Warns of Climate Change Risks.
As Japan is prone to big typhoons and earthquakes, Kuroda highlighted the risks related to climate change as an example of new issues central banks must deal with in maintaining financial stability.
Bank of England Climate Change Warning
The Bank of England hopped on the climate change bandwagon on December 30, with a Climate Change Warning from BoE Chief Mark Carney.
He said leading pension fund analysis,
Scientists say the risks associated with an increase of 4ºC include a nine meter rise in sea levels - affecting up to 760 million people - searing heatwaves and droughts, and serious food supply problems.
ECB in on the Climate Change Act
The Financial Times reports Christine Lagarde Wants Key Role for Climate Change in ECB Review.
Consider this Open Letter to ECB head Christine Lagarde from the European Parliament.
Climate change not only imperils life-sustaining processes, it also threatens the financial stability, real economy and jobs.
It has been estimated that without mitigation efforts, physical risks related to climate change could result in losses of up to $24 trillion of the value of global financial assets."
Wow... $24 Trillion at risk...
Nonetheless, Germany's Bundesbank president Jens Weidmann, who also sits on the on the ECB's governing council, understands the silliness of the move.
Weidmann says that he would view "very critically" any attempt to redirect a central bank's actions towards climate change, such as favouring the purchase of green bonds as part of a quantitative easing program.
Weidmann is guaranteed to be overruled.
The key to understanding the fraud is a changing timeline for temperature, fires, Winters, growing seasons, and sea level, all cherry picked for maximum impact.
Central Bank Fearmongering Blue Ribbon Contenders
To decide who wins the blue ribbon, first let's do a simulation.
'10 Meter Rise' in Seal Level:
The above Alarming Map shows what might be left of Florida when the sea level rises by '10 meters'...
Caney said 9 meters but the average elevation of Florida is allegedly only 6 feet. The highest elevation is only 312 feet.
Mark Carney Wins Fearmongering Blue Ribbon
I give Mark Carney the Central Bank fearmongering Blue Ribbon because people can understand the concept of Florida being three feet underwater.
In contrast, no one understands $24 trillion. Besides, that estimates will soon be $250 trillion or higher due to Fearmongering Inflation.
None of the above tops AOC who says World Will End in 12 Years - Here's What to Do About It (like Alexandria Ocasio-Cortez...), are believable...
Here's a lesson for you climate fearmongers: