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December 24, 2020 (LifeSiteNews) – In a new working paper entitled “Financial Intermediation and Technology,” the International Monetary Fund (IMF) suggested that “[t]he use of non-financial data will have large effects on the provision of financial services,” whereby individuals will have their internet history details scanned by banks to discern their credit score.
Instead of using traditional methods of assessing a customer’s credit risk, like assets, income, and marital status, banks are now looking to tap into the vast swathes of data collected by Big Tech companies like Facebook, Google, and YouTube for marketing purposes, to make risk assessments.
“Large technology firms collect vast amounts of non-financial data through their consumer facing platforms in the areas of e-commerce, social networking, and online search,” the paper reads. Continuing, the authors claim that the“sheer amount of data enables the use of ‘big data’ analysis tools such as artificial intelligence and machine learning,” which has shown its “usefulness in finance.”
“The rise of the internet permits the use of new types of nonfinancial customer data, such as browsing histories and online shopping behavior of individuals, or customer ratings for online vendors, […] such non-financial data are valuable for financial decision making.”
The authors contend that such data are “easy-to-collect information” specifically naming the “digital footprint (email provider, mobile carrier, operating system, etc.)” as one of these accessible information sources. According to their assessment, the new data sources perform “as well as traditional credit scores in assessing borrower risk.”
In a blog post penned by the authors of the working paper, the group claim that new research shows that “once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods,” advising that banks should begin basing their lending on machine collated data that categorizes spending habits.
It is an apparent economic no-brainer for banks, since “large amounts of data can be acquired at low cost via web-scraping” which increases “the contestability of financial services.”
According to the paper’s authors, the COVID-19 scenario is “turbo-charging” the need to revise the current banking system, echoing the words of globalist elites like George Soros and Klaus Schwab, who have called for a “Great Reset” that would “revamp all aspects of our societies and economies.”
**Photo credit: Shutterstock.com
Mainstream media sources are promoting offensive suggestions by some doctors that people who refuse a vaccine for COVID-19 should be "punished" by the government and by business - effectively coercing them into taking the vaccine.
- One group of doctors writing in 'USA Today' suggested that the government impose special taxes (i.e., fines) on people who refuse the vaccination and that business simply refuse to serve them. [see story below]
- Another doctor writing in an online publication called 'The Conversation' shamelessly suggested that people who refuse a vaccine should be given a psychoactive drug to induce compliance. [see story below]
But, these suggestions are plain political posturing, and have nothing to do with science or with the recent trends of the disease.
And, in case they haven't noticed, we live in a democracy not a medical dictatorship!
Please SIGN this urgent petition which asks policy-makers and business people, at all levels, to pledge to respect the rights of those who, in good conscience, decide not to vaccinate themselves or their children.
People should not have to live in fear of governmental or corporate retribution for refusing a vaccine which is being rushed to market by Big Pharma and their fellow-travelers in NGOs, like the Bill and Melinda Gates Foundation.
It would be intolerable and immoral for the government or business to coerce someone, and their family, to take a COVID vaccine against their will to avoid a fine, or just so they can do their weekly grocery shopping.
Medical freedom must be respected in principle and also in practice.
So, it is now time that our policy-makers listen to all voices involved in this vital conversation, and start to represent those who will not tolerate being punished for refusing a vaccine.
Simply put, legislatures must begin to act as legislatures again.
Questions must be asked. Hearings and investigations must be held. And, the legislatures of each state and country must return to the business of representing the people who voted for them, assuming their rightful place as the originator of legislation.
We can no longer accept the dictates of executive branches without question, especially now that, statistically speaking, the initial brunt of the COVID crisis has passed.
Neither can we accept the dictates of doctors who seem detached from reality and from science, and who only seem to be attached to the idea of promoting ideas which contribute to the agrandizement of power and control of political interests, and wealth of those who stand to make a lot of money from the sale of a COVID vaccine.
Please SIGN this urgent petition which asks government and business leaders to pledge to respect the rights of those who refuse a COVID vaccine, and not seek to punish them for doing so.
FOR MORE INFORMATION:
'Doctors lay out plan to ‘punish’ people who refuse coronavirus vaccine: ‘There is no alternative’' - https://www.lifesitenews.com/news/doctors-lay-out-plan-to-punish-people-who-refuse-coronavirus-vaccine-there-is-no-alternative
'US professor: ‘Psychoactive pill’ should be covertly administered to ensure lockdown compliance' - https://www.lifesitenews.com/news/us-professor-ensure-lockdown-compliance-by-drugging-dissenters-with-psychoactive-pill
“Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed,” Schwab said of the “Great Reset.”
Cardinal Raymond Burke, in a recent homily, warned of the danger of “certain forces” who are using the cover of COVID-19 to promote “fear,” attack freedom and the family, and so advance the “Great Reset.”
“Our nation is going through a crisis which threatens its very future as free and democratic,” Burke declared. “The worldwide spread of Marxist materialism, which has already brought destruction and death to the lives of so many, and which has threatened the foundations of our nation for decades, now seems to seize the governing power over our nation.”