(Natural News) The plan is outlined in a blog written by Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski. They are pitching the Orwellian notion as a breakthrough in financial technology (Fintech).
(Article by Shane Trejo republished from BigLeaguePolitics.com)
“Recent research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods,” they wrote, claiming that “the type of browser and hardware used to access the internet, the history of online searches and purchases” would determine a person’s credit score under their dystopian vision.
“Overall, while much of the technological progress in finance is evolutionary, its pace is accelerating fast. Fintech’s potential to reach out to over a billion unbanked people around the world, and the changes in the financial system structure that this can induce, can be revolutionary,” the authors wrote in their conclusion. “Governments should follow and carefully support the technological transition in finance. It is important to adjust policies accordingly and stay ahead of the curve.”
Gizmodo commented on the proposal and its mortifying consequences if it were actually implemented on a grand scale.
“The researchers acknowledge that there will be privacy and policy concerns related to incorporating this kind of soft-data into credit analysis. And they do little to explain how this might work in practice. The paper isn’t long, and it’s worth a read just to wrap your mind around some of the notions of fintech’s future and why everyone seems to want in on the payments game,” Gizmodo wrote.
“As it is, getting the really fine soft-data points would probably require companies like Facebook and Apple to loosen up their standards on linking unencrypted information with individual accounts. How they might share information would other institutions would be its own can of worms,” they continued.
Big League Politics has reported on how the IMF has pushed policies to cripple and destroy America, including the #MeToo witch hunts that eviscerated due process and liberated women from responsibility:
Although International Monetary Fund (IMF) managing director Christine Lagarde has never experienced sexism in the workplace because she is “too old and too tall” and that “it is hard to be sexist towards someone who is older and taller than you,” she is happy to see the #MeToo hysteria because it helps advance globalist objectives.
“I didn’t see #MeToo coming but I welcome it immensely,” Lagarde said during an interview with The Guardian.
“Sexual harassment is only scratching the surface. Violence against women is still a massive issue and we are not just talking about low income countries: it is in all societies. It has to be discussed, addressed and fought against. There are some terrible things happening to women,” she added.
Lagarde is paying lip service to feminism and women’s liberation in the preparation for International Women’s Day coming up on Friday, Mar. 8. She estimated that the taxpayer base and corporate profits could be maximized by up to 35 percent by forcing more women out of the household and into the workplace.
These internationalists are working hard to implement Big Brother after crushing the masses with COVID hysteria, anti-white pogroms and a vote steal.
Read more at: BigLeaguePolitics.com