The Ruling Class Wants A Government Run Credit Reporting System (That Can Cut You Off)

We are now one step closer to a Chinese-style social credit system….

 by Mac Slavo of SHTFplan

The rulers are not content with the amount of power they wield over the public just yet and are showing that the continued eroding of any illusion of freedom will continue.  The psychopaths that many Americans believe have power now want a government-run credit reporting system to further control the slave class.

House lawmakers on Tuesday called for sweeping reforms to the credit reporting industry with some politicians going so far as proposing a nationally run system, saying the three major bureaus are failing Americans.

Three pieces of legislation were put forth for discussion, including the National Credit Reporting Agency Act that “would establish the Public Credit Registry (PCR) within the Consumer Financial Protection Bureau, creating a public option for consumers who choose to utilize it.”

“This is a system that fails people with perfect credit that may be victims of identity theft,” Chairwoman Maxine Waters said at the Financial Services Committee hearing. “This is a system that fails people who get caught in a debt trap because of predatory lending, and this is a system that fails people who don’t have the means to dispute errors that reporting agencies make.” –Yahoo Finance

We are now one step closer to a Chinese-style social credit system.  We had better become aware of what’s being done to us before this too late.  This is just another step toward their permanent enslavement goal in which you will be given a digital wallet controlled by the master and if you act up as their slave, they will cut you off.

And they are using division by race to try to convince the masses that this is a great idea.

“Although credit scores never formally take race into account, they draw on data about personal borrowing and payment history that is shaped by generations of discriminatory public policies and corporate practices that limit access to wealth for Black and Latinx families,” Amy Traub, associate director of policy and research at Demos, testified at the hearing. –Yahoo Finance

Let’s be clear: a low credit score doesn’t “limit wealth” it simply means you won’t be able to borrow money from your master.

In a 2020 survey of 5,000 people by Credit Sesame, 54% of Black Americans and 41% of Hispanic Americans reported having a credit score below 640, while 37% of white Americans and 18% of Asian Americans reported the same.

So what are they getting at? Are they going to manipulate credit scores based on race now? But we are expected to believe this isn’t a piece to the agenda?

We had better become more aware than ever of what’s going on.  We are either slaves or we are free. Right now, we are slaves, but those shackles are going to become permanent in the coming years we continue to pretend that voting for a new master every four years to rule over us and others somehow equals freedom.

Stay alert and hone your awareness.  They are pulling out all the stops right now and the war is for your mind. We have to break our minds free before we can expect to have any semblance of freedom.

None are more hopelessly enslaved than those who falsely believe they are free.” ― Johann Wolfgang von Goethe, Elective Affinities