If you thought that the Orwellian nightmare was anywhere close to ending in the world I have news for you it is just beginning.
Yahoo News Finance has broken a story that should make your blood turn cold and just shows how far these control freaks in the world are. It appears that the powers that be are wanting to use your internet browsing history to determine whether or not you get approved for a loan.
The International Monetary Fund (IMF) argues that this may help borrowers who would normally be denied by financial institutions due to poor credit.
Others see this as the next step for “big brother” to infringe further upon their liberties and that is 100% the truth.
Just take a look at what is happening in Australia with the insane tracking and there is even word spreading that Canada is looking to adopt the Chinese social scoring system in their country.
Things are going to get so much worse unless we stand between them and these plans and say NO!
Check it out here:
MSM Normalizing The Next Phase Of The NWO: Your Credit Score May Soon Depend On Your Web History…
This is why Biden wants access to your bank account. Next they want your web history. They want to politically discriminate against you financially also!https://t.co/6StGo3VAmp
— ?Ⓝᗪ?ẸÃ (@A9000D) September 20, 2021
Yahoo Finance broke the story:
In the not-too-distant future, your internet habits could help determine how much house you can buy and the rate on your next auto loan.
Sounds ridiculous? Right now, your credit score — that three-digit number that tells lenders how responsible you are — is based on simple financial information, like your payment history and debt level.
But research posted to the International Monetary Fund (IMF) website suggests companies will soon be looking at a lot more data to get an accurate picture of the risk you pose as a borrower.
Here’s what the future of lending might hold and how to get the best rates on loans in the meantime.
Lenders could soon use data from your browsing, search and shopping history to create a more accurate credit score, researchers say.
Much of that information is publicly accessible, while some might need to be provided to credit bureaus. Taken together, that data forms your “digital footprint.”
The working paper cites other studies showing that combining credit information and your digital footprint “improves loan default predictions.”
That doesn’t mean you’d have a dedicated spy watching your every click. Instead, artificial intelligence and machine learning would be needed to scrape this data and convert it into useful information in a credit report.
While some people may balk at the idea of lenders having access to their personal browsing data, researchers believe this approach could help borrowers who’ve been denied by traditional financial institutions.
The end result would be some “unscorable customers” gaining access to credit, while customers with a low-to-medium credit score “can either gain or lose access to credit,” says an earlier 2018 study from the Frankfurt School of Finance & Management.
Take the pandemic: Though mortgage rates have fallen to historic lows, lenders became much pickier when doling out the best deals.
Instead of focusing on whether you were late on one loan payment, your purchase and browsing history could tell banks you’re trustworthy even if your traditional credit score has taken some dings.
Is a social credit system the next push in Europe and the US?#China #censorship #BigBrother https://t.co/ezgeVQkmQb
— E Fisher (@MusicCityRamper) September 17, 2021
How long before they say, “Ok guys, we’ve made the biggest financial killing in history and the resistors ain’t gonna take the jabs no matter what we say now. So, let’s cash out and do a hard transition to instituting social credit scoring across the USA. That’ll teach ‘em.”?
— Adam Baldwin (@AdamBaldwin) September 20, 2021
Social credit, coming to a soon-to-be dystopian hellscape near you!
Do yourself a favor and totally divest from fiat currency. Why would I trust a bank that needs to know my browser history to finance a car?https://t.co/EULCY1B4pq
— SGOTI ?️? (@Fawkesyouguy) September 20, 2021
Social credit system in the works with Mastercard. pic.twitter.com/Ekz84oBcSK
— ILJMG#93 (@imagine9399) September 19, 2021
If you can’t put 2 and 2 together at this point, you’re not paying attention https://t.co/ELzzWIC5Af
— Corine (@cp000100) September 20, 2021
IMF could track your browsing history to determine credit scorehttps://t.co/P6aeQsxLzD#IMF #Tracking #PrivacyMatters #ORsecurity #HealthTechSec #InformationSecurity #CyberSecurity #InfoSec #Cyber #Security #Privacy
— or.security (@OR_security) December 22, 2020
This is scary for many reasons…not to mention widening the already yawning gap between the poor/those in very rural areas and financial access | Your Credit Score Should Be Based on Your Web History, IMF Says https://t.co/FHOkRI2Iru via @gizmodo
— Smokey's Mom (@smokey_mom) December 29, 2020
IMF proposes using peoples’ browsing history to determine credit scorehttps://t.co/cbcVIZrY00
— Reclaim The Net (@RecIaimTheNet) December 22, 2020
IMF proposes using peoples’ browsing history to determine credit scorehttps://t.co/cbcVIZrY00
— Reclaim The Net (@RecIaimTheNet) December 22, 2020
Once again, “conspiracy theories” are just spoilers.
Conspiracy Theorists: They are going to make social credit scores that determine your access to banking.
Media: Those conspiracy theorists are crazy!
IMF: Here's why making social credit scores that determine your access to banking are a good thing. https://t.co/GA3nT8DZkT
— Critical Thinking 101(Expert of Expert Evaluation) (@critica18495985) September 20, 2021
Buy #Bitcoin and use that stored value as a means of opting out of an IMF credit score that bases your score on where you surf the web?
Use a reliable VPN. https://t.co/YMRMHt6dZe
— Shane Larson (@shanelarson_) September 20, 2021
