Get ready for “The Great Reset.”
This is not a conspiracy theory; it is in black and white.
On 14 July, Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum (WEF), announced the launch of what he calls “The Great Reset” initiative. It was based on the book he co-authored and was promoting titled, COVID-19: The Great Reset.
On 3 June, in the WEF’s website, Schwab wrote about the purpose of “The Great Reset”:
“COVID-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying… To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a ‘Great Reset’ of capitalism.”
On 23 September, the WEF updated its intentions on its website, stating,
“There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis.”
It cites its main purpose is “to improve the state of the world.”
TRENDPOST: Note the language. The WEF makes it 100 percent clear who is in charge and how “We the Little People of Slavelandia” are mere plantation workers: “There is an urgent need for global stakeholders to cooperate.”
Yes, the “global stakeholders”: The Davos Gang. Not the citizens. Not the Will of the People who will decide how and what it means “to improve the state of the world.”
In an article written for the Mises Institute by Daniel Lacalle, PhD economist at IE Business School in Madrid, he noted the WEF’s claim sounded “reasonable” that the world now must adapt by “directing the market to fairer results, ensuring investments are aimed at mutual progress including accelerating ecologically friendly investments, and starting a fourth industrial revolution, creating digital economic and public infrastructure.”
However, Professor Lacalle says the WEF actually intends a total restructuring of private property, private money, and personal freedoms:
“The overall message of the World Economic Forum sounds promising. Only three words spoil the entire positive message: ‘directing the market.’ The risk of governments taking these ideas to promote massive interventionism is not small…The idea that governments will promote an economic system that reduces inflation, improves competition, and empowers citizens is more than farfetched.”
With small businesses locked down, the multinationals getting bigger, and the wealth of the world more concentrated in the hands of the few, as he sees it, “We should always be worried about well-intentioned ideas when the first ones to embrace them are those who are against freedom and competition.”
On the economic front, Professor Lacalle wrote as a result of the implications of the worldwide lockdowns imposed by political leaders to fight the COVID War:
“Global debt is expected to soar to a record $277 trillion by the end of the year, according to the Institute of International Finance. Developed markets’ total debt – government, corporate, and households – jumped to 432 percent of GDP in the third quarter.”
How will that debt load be handled?
As we have long forecast, by going digital: wiping out old currencies and inventing new ones.
And, in fact, that is “The Great Reset” being planned by the WEF and the potential meaning of Klaus Schwab’s call for “the decapitalization of the economy” and that “everything that can be digitalized must be digitalized.”
Indeed, Professor Lacalle confirms our forecasts, noting, “There is an even darker part. Many interventionists have welcomed this proposal as an opportunity to wipe out the debt.”
He warned,
“There is an enormous risk that governments will use the excuse of canceling part of their debt with a decision to cancel a large part of our savings… Most proponents of the modern monetary theory start their premise by stating that government deficits are matched by households and private sector savings. Well, the only minor problem [note the irony] is matching one’s debt with another’s savings. If we understand the global monetary system, we will then understand that erasing trillions of government debt would also mean erasing trillions of citizens’ savings.”
TREND FORECAST: The more cheap money printed and the heavier the debt loads grow, the higher safe-haven currencies, such as gold and silver, will rise. However, considering the proof that outside interests have rigged the precious markets – for example, JPMorgan Chase & Co., which settled a market manipulation probe by the U.S for nearly $1 billion – in a criminal world, anything goes.
TRENDPOST: Among featured speakers at the most recent WEF annual meeting in Davos and, by association, the industrial and government leaders we are expected to trust with “The Great Reset” stated goal “to build entirely new foundations for our economic and social systems,” include:
- JPMorgan Chase CEO Jamie Dimon
- U.S. Treasury Secretary Steven Mnuchin
- Billionaire investor Paul Tudor Jones
- German Chancellor Angela Merkel
- Britain’s Chancellor of the Exchequer Sajid Javid
- Chief Executive of Hong Kong Carrie Lam
PUBLISHER’S NOTE: At the 21 January 2020 WEF/Davos meeting, Ray Dalio, Founder of Bridgewater Associates and the 69th richest person in the world according to Forbes, with a net worth of $18.6 billion, said he thinks “cash is trash.”
And, while money can’t buy you love – and in the world of the daily grind you need to keep working and saving to pay your way through life – it can’t buy happiness either.
Sadly, Ray Dalio’s oldest son Devon, 42 years old, died on 18 December when his car crashed through a Verizon store in Connecticut.
His son Paul was diagnosed with bipolar disorder, and Mr. Dalio has recounted how he saved him from committing suicide.
In an interview on CNN that was broadcast the day his son died, Dalio passionately spoke of his concern about the divisiveness of the United States and deepening inequality.
Indeed, for America, the Land of Opportunity, to return to higher levels of equality – as we see the future – not only must the billionaires generously share their wealth philanthropically, we also suggest the government reinstate anti-trust laws to break up the “Bigs,” multinationals, and monopolies that have destroyed much of Main Street to enrich Wall Street.