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The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national reputation system being developed by the Chinese government.[1][2][3] The program initiated regional trials in 2009, before launching a national pilot with eight credit scoring firms in 2014.[4][5] In 2018, these efforts were centralized under the People's Bank of China with participation from the eight firms.[4] By 2020, it is intended to standardize the assessment of citizens' and businesses' economic and social reputation, or 'Social Credit'.
originally posted by: Ophiuchus 13
If those who control the global credit system reset all credit scores to 850 for everyone would it help to reestablish a new global economy?
This allows for new loans to be distributed.
The new loans can then be requested for a years worth of housing payments-to purchase homes and vehicles-to open small and large businesses-to pay for medical expenses.
So...instead of reprocessing all the negative debt caused from the Covid19 pandemic and employers /governments having to pay large amounts of unemployment for example, the process would be to make it so everyone can get their own loans and take care of themselves so the global governments do not have to basically support the globally strained...
Just a outta box thought. I know many will hate the idea of making things easier for all humans but the process will upgrade the global economy and make it so everyone can get loans which should remove financial strain from countries and the banks they borrow from globally.
Communist countries like CHINA would have to reset all their humans Social Credit System Scores as well to make it work.
CHINA has a planetary hygiene score... So they scan go easy on their population as the world goes easy on regulations that would help upgrade CHINA planetary hygiene score. Part of being a advanced superpower involves a level of hygiene and pollution control.
The Covid19 pandemic crosses all borders the process to work would have to as well.
The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national reputation system being developed by the Chinese government.[1][2][3] The program initiated regional trials in 2009, before launching a national pilot with eight credit scoring firms in 2014.[4][5] In 2018, these efforts were centralized under the People's Bank of China with participation from the eight firms.[4] By 2020, it is intended to standardize the assessment of citizens' and businesses' economic and social reputation, or 'Social Credit'.
Good luck
NAMASTE*******
en.wikipedia.org...edit on Thu Apr 9 2020 by DontTreadOnMe because: SOURCE ADDED IMPORTANT: Using Content From Other Websites on ATS