Home » Posts tagged 'Davos' (Page 4)

Tag Archives: Davos

Are you wishing you could be at Davos, Switzerland this week, taking in the stimulating and deeply insightful discussions on the theme “The Fourth Industrial Revolution”? If so, reading the pre-conference book of the same name may leave you reassured that you aren’t actually missing much.

Klaus Schwab, founder and executive chairman of the World Economic Forum, released his Kindle book The Fourth Industrial Revolution just a few days ago, providing a free copy to Davos attendees. (That way they needn’t stretch their expense accounts to cover the $9.91 Kindle fee that the rest of us must pay.)

Schwab has doctorates in economics and engineering, plus a master’s in public administration from Harvard. And he says that The Fourth Industrial Revolution is “a crowd-sourced book, the product of the collective enlightened wisdom of the Forum’s communities.” If credentials alone would create a good book, this would be a humdinger.

What is the Fourth Industrial Revolution? In Schwab’s words,

today we are at the beginning of a fourth industrial revolution. It began at the turn of this century and builds on the digital revolution. It is characterized by a much more ubiquitous and mobile internet, by smaller and more powerful sensors that have become cheaper, and by artificial intelligence and machine learning.

Elsewhere he also throws genetic engineering and the editing of genomes into the mix.

While noting that billions of people have yet to “fully experience” the second and third industrial revolutions, Schwab believes that “the fourth industrial revolution will be every bit as powerful, impactful and historically important as the previous three.” In his view it’s not just likely but inevitable that “major technological innovations are on the brink of fuelling momentous change throughout the world.”

…click on the above link to read the rest of the article…

Top Economist – Who Predicted the 2008 Crash – Confirms What Alternative Financial Sites Have Been Saying for a Decade

January 21, 2016

Top Economist – Who Predicted the 2008 Crash – Confirms What Alternative Financial Sites Have Been Saying for a Decade

And Wise People Have Been Saying for Thousands of Years

William White is one of the world’s top economists.

He was the head economist for the Bank for International Settlements (BIS) – the world’s most prestigious financial institution, called the “central banks’ central bank – comprised of the world’s central banks. He is now the chief economist for OECD, made up of most of the world’s richest and most powerful countries.

As chief economist for BIS, White predicted the 2008 crash.

While the mainstream financial media like CNBC has been trumpeting fake, happy news for many years, White confirmed yesterday what the best alternative financial sites have said for a decade, telling the Telegraph (at the World Economic Forum in Davos):

The global financial system has become dangerously unstable [he’s right] and faces an avalanche of bankruptcies that will test social and political stability …. [Uh–huh]

“The situation is worse than it was in 2007. [Accurate] Our macroeconomic ammunition to fight downturns is essentially all used up” …. [True]

***

“Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” he said. [Indeed]

“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something” [Yup]

***

“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians.” [Exactly!]

***

…click on the above link to read the rest of the article…

“For the Sake of Capitalism, Pepper Spray Davos”

January 20, 2016

“For the Sake of Capitalism, Pepper Spray Davos”

Yra Harris just posted a blistering critique of the crony capitalist crooks congregating in Davos. The first few paragraphs of his post, For the Sake of Capitalism, Pepper Spray Davos, are a must read.

Enjoy.

Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers across the globe. This annual conclave is responsible for more wealth destruction and the widening disparity in GINI coefficients than any public policy. I believe that the cost of attending Davos is priced at such an extravagant rate because it is a giant insider scam. Hobnob with politicians and policy makers in an effort to be part of the “smart money” crowd. It was the great moral philosopher and economist Adam Smith who so presciently noted: “People of the same trade seldom meet together, even for the merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” The conspiracy against the public has been the financial repression of the global middle class in an effort to bail out those who are attached themselves to the public treasury to maintain the “animal spirits” of crony capitalism.

The cost of an entrance pass to this private/public congress of mover and shakers should sound an alarm to all those who desire transparency in financial markets. In contemporizing the words of Adam Smith, Samuel Huntington was credited in the online research cite, Acton Commentary, as creating the phrase DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism is equally soulless, a managerial capitalism that reduces economics to mathematics and separates it from human action and human creativity.”

…click on the above link to read the rest of the article…

Davos – The Collapse in TRUST

January 20, 2016

Davos – The Collapse in TRUST

The most telling sign that we are heading into a real political economic shit storm is the fact that “TRUST” is collapsing on all sides. Obama is looking for any opportunity to disarm Americans. Why? This is simply because government is in trouble and they no longer “trust” the people. Likewise, the “rich” are starting to withdraw their money from investments that would create jobs because they are worried about the rising discontent among the majority of the population. Then we have the collapse in “trust” among anyone who is a career politician. So welcome to the theme of Davos — the collapse in “trust”.

As the Middle Class Evaporates, Global Oligarchs Plan Their Escape from the Impoverished Pleb Masses

January 27, 2015

As the Middle Class Evaporates, Global Oligarchs Plan Their Escape from the Impoverished Pleb Masses

The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder.

– From yesterday’s New York Times article: Middle Class Shrinks Further as More Fall Out Instead of Climbing Up

At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

– From the Guardian’s article: As Inequality Soars, the Nervous Super Rich are Already Planning Their Escapes

So the other day, President Barack Obama once again demonstrated his contempt for the American public by using his State of the Union address to pejoratively blurt out meaningless phrases such as“but tonight, we turn the page” and: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”

Sorry, but why are “we turning the page” tonight? Weren’t you elected over six years ago? Why didn’t you turn the page in 2009?

Meanwhile, I’m astounded by the phrase “middle-class economics works.” Perhaps it does, but how would anyone know? The only thing I’ve seen from his administration is a laser focused determination to consolidate all American wealth and power into the hands of a tiny group of oligarchs and their lapdogs.

…click on the above link to read the rest of the article…

Davos: Western world ‘vulnerable’ to epidemics, warns Ebola expert

January 21, 2015

Davos: Western world ‘vulnerable’ to epidemics, warns Ebola expert

The Western world is “vulnerable” to epidemics such as Ebola, and must invest more in researching vaccines, a leading scientist has warned.

Prof Peter Piot told the BBC that developed nations would be in “deep trouble” if they failed to adequately prepare for another outbreak.

Speaking at the World Economic Forum, in Davos, he urged global leaders to take a “long-term view”.

Public health policies must “transcend politics and borders”, he said.

Prof Piot co-discovered the Ebola virus in 1976, and is now in charge of the London School of Hygiene & Tropical Medicine.

He said the UK was relatively well prepared for an outbreak, and praised NHS staff who travelled to West Africa to combat the recent Ebola epidemic.

The threat of Ebola, and other infectious diseases such as influenza and Sars, are set to be discussed in Switzerland this week, as politicians and business leaders from around the globe gather for the annual WEF.

…click on the above link to read the rest of the article…

The Only Road Out Of Davos

January 20, 2015

The Only Road Out Of Davos

After 6+ (BIG +) years of deepening poverty and rising stock markets, of creative accounting, of QE and ultralow interest rates, of extend and pretend and outright propaganda and of what have you, all of which have led us to where we are today, facing yet more rounds of stumbling from crisis into multiple crises, it would seem clear that the model, if not the mold, is broken. In order to fix it, let alone replace it altogether, we need to understand to what extent it is broken. And to do that, we first need to know what exactly the model is.

Now, it would be tempting, even seem logical, to consult with the people who designed and built the model. Who, after all, not only claim to be the only ones capable of fixing the broken mold, but who also have occupied all positions of power that have any say in the process. But that’s less obvious than it may seem. Because, mind you, the model is broken. They built a flawed model. Or rather, they built one that works for them, for some, but not for the rest of us.

There are gatherings and festivities ongoing in Davos. Only some are invited: the rich, the powerful and their court jesters. Those who profited most from the broken model. They’re least likely to fix it, they won’t even admit to it being broken. It works just fine for them. The people in Davos believe in one model only, the one of ever increasing centralization and globalization, because that’s the model that got them where they are.

That means that what’s in their interest is 180º removed from what’s in your interest. And it means that whatever these people propose you do, you should probably do the exact opposite.

…click on the above link to read the rest of the article…

How China & Gold Will Shape The Future | Zero Hedge

October 27, 2014

How China & Gold Will Shape The Future | Zero Hedge.

Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn’t), Middlekoop asks (rhetorically) – can the global credit expansion ‘experiment’ from 2002 – 2008, which Bernanke completely underestimated, be compared to the global QE ‘experiment’ from 2008 – present? – the answer is worrisome. In the following presentation he shares his thoughts on the future of the global monetary system; and how gold, the US and China are paramount for its outcome.

…click on the above link to read the rest of the article…

Tag Archives: Davos

Content

Post categories

Economic Links

Energy/Resource Links

Environmental Links

Geopolitical Links

Liberty Links

News Links

Other Links

Survival Skills

Post Archives by Category

Post navigation

Latest Posts