Mark Carney Completed a Zombie Banks Alliance in Time for COP26

Oct. 31, 2021 (EIRNS)—The Wall Street Journal on Oct. 29 ran a long and laudatory story on former Bank of Britain Governor Mark “Zero Carbon” Carney’s struggles, as UN Special Envoy on Climate Action and Finance, to pull together a coalition of banks to “shift the trillions” to green finance. Members of Carney’s “bankers’ alliance,” as they put it, are supposed to be committed to agree to “setting targets for less lending and investment in enterprises that produce carbon emissions; devoting more support to new, environmentally sustainable technologies; and publishing their progress on these targets each year.”

(The tough stuff on “saving the planet”—going without work, development, food, heat, electricity—is reserved for the general populations, particularly for the poor and getting poorer nations.)

Ironically, the article concludes with Carney’s battle crowned with success; he has “35 of the world’s 50 biggest banks” onboard. But not onboard, are any of the large banks in Asia—in China, India, Japan, South Korea, etc.

In other words, Carney, in a drama worthy of the 1968 movie “Night of the Living Dead,” has corralled all the zombie banks into an alliance to deny “carbon” and the means of life to hundreds of millions. The big City of London, Wall Street, and continental European banks are all hooked up to the nearest big central bank getting reserves and deposits pumped into them. And they don’t lend money any more, as shown by both recent “recovery” program results, and official bank records.

The still-living banks refused to join Carney’s midnight crusade across the graveyards. The biggest of them, China’s state-owned commercial and development banks, are funding the Belt and Road Initiative projects which are the alternative to the collapse of the zombie regions.