#IMF Calls for Your Credit Score to be Tied to Your Internet Search History... In a blog post courtesy of the International Monetary Fund, IMF researchers Arnoud Boot, Peter Hoffmann, Luc Laeven, and Lev Ratnovski called for internet search history to be tied to credit score. Presenting their findings from a paper they wrote, the researchers argue that by using non-financial data, specifically “the history of online searches and purchases,” we can solve the problem of “certain kinds of people not having enough hard data (income, employment time, assets and debts) available.” The authors of the piece claim that this move is a necessary innovation in order to compete with the rise of corporate cryptocurrencies such as the one in development by Facebook, who hope to launch next year. While Facebook is a monopoly that has engaged in political censorship, their power pales in comparison to that of the IMF . The International Monetary Fund is a veritable superpower with ties to the World Bank, and they oversee the entire global economy. It should go without saying that giving this organization the power to track everyone’s search history can lead to some dark ramifications. With private banks, notably JPMorgan and Chase Bank, already kicking conservatives off of their services, one can only imagine how much this would escalate with the IMF tracking everyone’s search history. While there has been bipartisan opposition to **the Chinese Social Credit system** in Congress, the distinctions between that system and what the IMF is pushing for remains ill-defined. The IMF, including some of the writers of the blog post, have ties to both the World Economic Forum’s Great Reset Initiative and the Joe Biden Transition Team. Two of the researchers advocating for the IMF tracing our search history, Luc Laeven and Lev Ratnovski, have pages on the WEF’s website. Lev Ratnovski, in particular, has defended bank bailouts so the economy can stay afloat. https://realitycircuit.com/2020/12/23/imf-calls-for-credit-score-to-be-tied-to-internet-search-history/ ------ #IMF Blog Fintech resolves the dilemma by tapping various nonfinancial data: the type of browser and hardware used to access the internet, the history of online searches and purchases. Recent research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods, and can advance financial inclusion, by, for example, enabling more credit to informal workers and households and firms in rural areas. https://blogs.imf.org/2020/12/17/what-is-really-new-in-fintech/