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Here is a nice example of how the whole eurozone madness works:
The European Central Bank (ECB) is preparing to tighten its climate and environmental guidelines for banks, according to ECB Director Frank Elderson. During a conference in Frankfurt, Elderson emphasized that banks must integrate climate risks into their governance and strategy by December 2023. He warned that non-compliance would result in daily fines. The ECB is currently finalizing its assessment of the banks' progress in this area.
Europeans have created bureaucracies that perpetuate the climate apocalypse narrative by forcing institutions and banks into this framework. Since this nonsense only works if you make money as cheap as possible, i.e. set interest rates to zero or negative, these people have had a problem in recent years and have had to watch as the Federal Reserve systematically eliminated these business models with ever higher interest rates, these so-called green transformation projects.
So now sanctions for banks that do not comply with the green requirements, only to shovel the money back in from other sources in the next liquidity crisis. This is the eurozone!
55 sats \ 1 reply \ @notgeld 27 Jun
You can easily imagine an email from the bank that states they restrict cash withdrawals or tax them with a fee for "carbon compensation."
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Coming soon to a fiat fraud dept in Your 15 min neighbourhood
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Someday all that climate crap will blow up in their faces, and I'm waiting for that day.
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Until that day the climate warriors will be harvesting their moral dividend
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