Posobiec noted how the Federal Reserve’s increasing use of left-wing criteria in its lending selections — billed ESG, an acronym for “environmental, social, and governance” — benefit politically aligned companies and institutions.
“The Fed has been operating as a printing press since really the onset of the pandemic,” Posobiec said on the Breitbart News Daily podcast with host Alex Marlow. “The trillions of dollars that have injected into the money market, people forget, those are filtered through the ESG corporate social credit score system. ESG operates as the sort of how-woke-are-you, how-green-are-you kind of ranking that’s almost completely arbitrary. It’s controlled by groups like BlackRock and Blackstone and State Street and vanguard [which are] the enforcement mechanisms of it.”
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