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Bilderberg does China

Bilderberg does China

When Davos and Bilderberg messenger boys look at The Grand Chessboard, they realize that their era of perpetual free lunch is over.

Discreetly, as under the radar as a looming virus, the 68th Bilderberg meeting  is currently underway in Washington, D.C. Nothing to see here. No conspiracy theories about a “secret cabal”, please. This is just a docile, “diverse group of political leaders and experts” having a chat, a laugh, and a bubbly.

Still, one cannot but notice that the choice of venue speaks more volumes than the entire – burned to the ground – Library of Alexandria. In the year heralding the explosion of a much-awaited NATO vs. Russia proxy war, discussing its myriad ramifications does suit the capital of the Empire of Lies, much more than Davos a few weeks ago, where one Henry Kissinger sent them into a frenzy by advancing the necessity of a toxic compromise named “diplomacy”.

The list of Bilderberg 2022 participants is a joy to peruse. Here are just some of the stalwarts:

James Baker, Consigliere extraordinaire, now a mere Director of the Office of Net Assessment at the Pentagon.

José Manuel Barroso, former head of the European Commission, later the recipient of a golden parachute in the form of Chairman of Goldman Sachs International.

Albert Bourla, the Pfizer Big Guy.

William Burns, CIA director.

Kurt Campbell, the guy who invented the Obama/Hillary “pivot to Asia”, now White House Coordinator for Indo-Pacific.

Mark Carney, former Bank of England, one of the designers of the Great Reset, now Vice Chair of Brookfield Asset Management.

Henry Kissinger, The Establishment’s Voice (or a war criminal: take your pick).

Charles Michel, President of the European Council.

Minton Beddoes, Editor-in-Chief of The Economist, which will duly relay all major Bilderberg directives in the magazine’s upcoming cover stories.

David Petraeus, certified loser of endless surges and Chairman of KKR Global Institute.

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

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

This week the European Union is expected to announce a complete import ban on Russian oil. Hungary, in its first real act of defiance, is threatening to veto this; Germany, after some hemming and hawing, has finally decided it can survive such a ban.

Assuming Hungary’s objections are eventually overcome, at first blush this looks like yet another energy “own goal” by the people obsessed with soccer. The U.S. has already issued this ban.

Because European industry is heavily dependent on Russian oil and gas, the conventional wisdom is that the EU Commission is just petulant and incompetent.

Are they petulant? Yes. Incompetent? Possibly? But only if you think in conventional terms of doing the right thing for their people. What is clear to any serious observer of EU politics is that they are not interested in what their people have to say or want.

Theirs is an agenda which will brook no opposition, even if it means destroying its own economy to bring a rival to its knees.

That said, I sincerely doubt there will be a “buyers embargo” on natural gas because there is no viable substitute for it.

Hungary is using the need for unanimous consent within the European Council to block any ‘gas ban’ in any new economic sanctions package. There are at least three other countries which are happy Hungary is willing to suffer Brussels’ wrath.

But banning Russian oil, on the other hand, is different.

So, it is interesting that Hungary would do this, given they import no oil from Russia. {Ed. this is wrong, Hungary imports 65% of its oil through the Druzhba pipeline} This veto was predicted by me the morning after the Hungarians overwhelmingly rejected George Soros’s anti-Viktor Orban coalition and handed it an ignominious defeat.

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

What Is The “Great Reset” And What Do The Globalists Actually Want?

What Is The “Great Reset” And What Do The Globalists Actually Want?

I first heard the phrase “Great Reset” way back in 2014. Christine Lagarde, who was head of the IMF at the time, was suddenly becoming very vocal about global centralization. It was an agenda that was generally only whispered about in the dark corners of institutional white papers and the secretive meetings of banking elites, but now these people were becoming rather loud about it.

Lagarde was doing a Q&A at the World Economic Forum and the notion of the “Reset” was very deliberately brought up; what the project entailed was vague, but the basic root of it was a dramatic shift away from the current economic, social and political models of the world into a globally centralized and integrated system – A “New World Order,” if you will…

It’s important to remember that we had just jumped through the fires of an international credit collapse which started in 2008 and had continued to cause uncertainty in markets for years. The central banks had dumped tens of trillions of dollars worth of stimulus into the system just to keep it on life support. Some of us in the alternative media believed that these actions were not meant to save the economy, only zombify the economy through currency devaluation and inflation. Not long down the road, this zombie creation would turn on us and try to eat us alive, and only the central bankers new exactly when this would occur.

Think of the crash of 2008 as Stage 1 of the Reset agenda; the globalists were getting cocky and were ready to unveil their plans to the public.

Lagarde’s discussion at the WEF was also held around the time that Klaus Schwab was introducing his 4th Industrial Revolution concept, which is a little more forward with what the globalists really want…

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

Davos is Making the Central Bank Case for Gold

Davos is Making the Central Bank Case for Gold

A few months ago I talked about the upcoming changes to the way adoption of Basel III’s new bank reserve rules would alter the gold market. In short my conclusion was similar to that of Alistair MacLeod’s and others, that Basel III should collapse the egregious manipulation of the gold market through the use of using futures and unallocated gold as bank reserves.

In May I wrote:

In effect, Basel III, if implemented in its current form, would change the gold market from a speculative one based on perceptions of the efficacy of monetary policy to control real interest rates to one that should force price discovery in an almost purely physical market. As I told my Patrons in May 16th’s Market Report video, physical gold will go from being the price taker to the price maker.   

I didn’t then nor do I think now that will happen immediately after Basel III goes into effect in the U.K. on January 1st. But I do think the recent weakness in gold has been an early sign of stress within the gold market brought on by the upcoming rules implementations.

And that has sent gold lower in recent weeks despite rising inflation and falling real interest rates. Of course this is because the markets have been overpricing the ‘transitory inflation’ argument put forth by the major central banks.

So, when Jerome Powell came out, in his first important statement post-reappointment announcement, and put a fork in ‘transitory’ inflation the markets were properly shocked. This happened on the heels of OmicronVID-9/11 dominating the headlines and also creating some overblown market reactions thanks to poorly-programmed headline trading algorithms.

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

Was 2021 the Peak for Davos?

Reliable sources have confirmed that Klaus Schwab and even attendees have been getting such threats of violence and death that he has postponed Davos in January for the first time, claiming it is due to the pandemic, which is not true. Schwab is, at last, starting to realize that there is a price to his academic theories. There has been an avalanche in Switzerland but it is death threats rather than snow. This sweeping wave of anger is erupting worldwide, and there is no way that security measures can be enacted to protect world leaders. Even the Swiss news outlet Südostschweiz has also reported about the violent threats. Both employees, as well as attendees, have also been targeted personally.

Schwab is going to discover that there is a huge price to pay for his bizarre ideas that you can destroy the world economy in 2 to 3 years and build it all back better, GREEN, in the blink of an eye. Just looking at the USA, there are approximately 350 million people in the USA, and interestingly, according to the 2016 census, there are 3.14 (pi!) persons per family, on average. Consequently, that implies that the number of homes in the United States at most would be 100 million (give or take). According to the 2010 census, we find about 80% of the population lives in cities rather than the suburbs. We are probably looking at about 50% of that 80% living in apartments/condominiums, which would suggest that up to 40% of Americans live in multi-family type housing. If we then take the remainder of 60%, that would seem to be about the round maximum living in single-family structures. If we take the pi number for a family, that implies that there are about 70 million single-family homes. If we look at Statista, then record the number of owner-occupied housing units in the United States by the 2nd quarter 2021 has reached 82.51 million.

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

WEF & Davos is More than Just Forums

Many people have asked if I attend DAVOS meetings. The answer is NO! I considered taking a booth there to display Socrates, but decided against it because the overall theme of Davos was the very opposite of my personal views and the forecast of Socrates which says they will crash and burn.

The World Economic Forum is really a major effort to control the world. Besides the Davos forums, and Schwab’s board members are strategically picked to infiltrate governments and agencies which has called the WEF to control the United Nations, IMF, World Bank, and the EU itself as well as the European Central Bank. Schwab has place people in key positions that all share his view of the world and how it MUST be changed. Mark Carney is the United Nations Special Envoy for Climate Action and Finance and on Schwab’s board. Carney served as the Governor of the Bank of Canada from 2008 until 2013 and the Governor of the Bank of England from 2013 to 2020.

Look at the slogan –

COMMITTED TO IMPROVING THE STATE OF THE WORLD

Schwab has strategically been seeking to build his global influence and even trains a broad range of C-level executives into his future dreams in an academic program tailored for his World Economic Forum Leadership Team. Schwab is then indoctrinating people he identifies as future world leaders. The Young Global Leaders ® Community is taking who he considers exceptional people with “the vision, courage, and influence to drive positive change in the world”.

Schwab is indoctrinating the world to adopt his vision of how the world should function ending democracy.

As it happens, the phrase “know thy enemy” comes from the ancient Chinese general Sun Tzu. The full quote goes like this:

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

From the Notebook: A Critical Shift in the War for Oil

From the Notebook: A Critical Shift in the War for Oil


Davos really do think they are too clever by half. Despite prognostications to the contrary, negotiations with Iran over a new JCPOA are nearing completion which Biden/Obama will sign off on after putting up a bit more token resistance to lifting sanctions.

Why do I say this? Nordstream 2.

Biden backed down on Nordstream 2 and, at The Davos Crowd’s insistence, he will back down on the JCPOA.

Davos needs cheap energy into Europe. That’s ultimately what the JCPOA was all about. The basic framework for the deal is still there. While the U.S. will kick and scream a bit about sanctions relief, Iran will be back into the oil market and make it possible for Europe to once again invest in oil/gas projects in Iran.

Now that Benjamin Netanyahu is no longer going to be leading Israel, the probability of breakthrough is much much higher than last week. The Likudniks in Congress and the Senate just lost their raison d’etre. The loss of face for Israel in Bibi’s latest attempt to bludgeon Gaza to retain power backfired completely.

U.S. policy towards Israel is shifting rapidly as the younger generations, Gen-X and Millennials, simply don’t have the same allegiance to Israel that the Baby Boomers and Silent generations did. It is part of a geopolitical ethos which is outdated.

So, with some deal over Iran’s nuclear capability in the near future, Europe will then get gas pipelines from Iran through Turkey as well as gain better access to the North South Transport Corridor which is now unofficially part of China’s Belt and Road Initiative.

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

Doug Casey on What the International Ruling Class Have Planned for You

Doug Casey on What the International Ruling Class Have Planned for You

International Ruling class

International Man: No matter the problem, the prescription of the Davos crowd is always more welfare, more warfare, more money printing, more taxes, and of course, more centralization of power into global institutions.

What’s your take?

Doug Casey: The people who attend Davos are all welfare statists. They’re not necessarily socialists, insofar as they don’t want to see government nationalize industries. Most understand how totally dysfunctional that is and that they don’t really benefit from it. Strict socialism, defined as State ownership of the means of production, is off the table. They prefer economic fascism, where a powerful State can funnel wealth to the corporations the elite own or control. They’re happy to throw some table scraps to the unwashed masses, of course. Modern Monetary Theory (MMT) is the best way to do that.

Again, they’re not socialists. They’re welfare statists. Completely opportunistic and absolutely unprincipled. Despicable people, actually. Few are entrepreneurial, independent thinkers or free-market oriented. Those types would be disruptive at Davos, and if they’re ever invited, it would be only once.

Other than celebrities, court intellectuals, and publicity-oriented multibillionaires, the attendees are almost all bureaucrats and politicians who thrive on stolen money. But it’s no longer easily visible briefcases full of cash. That’s quaint in today’s world. They steal indirectly, by making sure they benefit from state regulations, state favors, and the inflation of the currency.

Bribes are in the form of tax-deducible donations to charitable foundations and nongovernmental organizations (NGOs). That’s not only much safer, but the money is vastly bigger, and the way it’s rigged adds to their prestige. Both making and taking a bribe disguises the miscreants as philanthropists and do-gooders when they use an NGO as a funnel.

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

Bridgewater Co-CIO: “The Boom-Bust Cycle Is Over”

Bridgewater Co-CIO: “The Boom-Bust Cycle Is Over”

Just in case anyone was worried that the smart money was quietly getting ready to stop dancing after Bridgewater’s Co-CIO Greg Jensen told the FT in an interview last week that it’s time to buy gold (which he sees rising to $2,000 because the Fed and other central banks would let inflation run hot for a while and “there will no longer be an attempt by any of the developed world’s major central banks to normalize interest rates”) ahead of the Fed cutting rates to zero and that “equities are frothy” as “most of the world is long equity markets”, today Bridgewater’s other Co-CIO came out with a controversial statement that appears to convey a polar opposite message to Jensen’s warning.

Bob Prince, who alongside Greg Jensen helps oversee the world’s biggest hedge fund at Bridgewater Associates as its other Co-CIO, said the boom-bust economic cycle is over.”

Speaking to Bloomberg TV in Davos, Prince suggested that the tightening of central banks all around the world “wasn’t intended to cause the downturn, wasn’t intended to cause what it did” – and yet that’s precisely what the shrinking of the Fed’s balance sheet did hence the record expansion over the past four months – and shockingly said that “the lessons were learned from that and I think it was really a marker that we’ve probably seen the end of the boom-bust cycle.”

Prince was referring not only to the boom-bust cycle created by central banks, which first ease then tighten, resulting in bubbles and eventually crashes, as described in “Every Fed Tightening Cycle Creates A Crisis“…

… but also to the broader cycle of economic expansion and contraction that repeats itself.

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

Green New Physics

Green New Physics

Johannes Vermeer The lacemaker 1669-71

You could probably say I’m sympathetic to the schoolchildren protesting against climate change, and I’m sympathetic to Alexandria Ocasio-Cortez and her call for a Green New Deal. Young people are the future, and they deserve a voice about that future. At the same time, I’m also deeply skeptical about their understanding of the issues they talk about. 

In fact, I don’t see much understanding at all. I think that’s because they base their comprehension of the world they’ve been born into on information provided by the very people they’re now protesting against. Look kids, your education system sucks, it was designed by those destroying your planet, you need to shake it off and get something better.

But I know what you will do instead: you’re going to get the ‘proper’ education to get a nice-paying job, with a nice car (green, of course) and a nice house etc etc. In other words, you will, at least most of you, be the problem, not solve it. And no shift towards wind or solar will make one iota of difference in that. Want to improve the world? Improve the education system first.

Climate change is just one of an entire array of problems the world faces, and in the same way the use of fossil fuels is just one of many causes of these problems. And focusing on only one aspect of a much broader challenge simply doesn’t appear to be a wise approach, if only because you risk exacerbating some problems while trying to fix others. 

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

Collapse Is Already Here

Collapse Is Already Here

It’s a process, not an event.

Many people are expecting some degree of approaching collapse — be it economic, environmental and/or societal — thinking that they’ll recognize the danger signs in time. 

As if it will be completely obvious, like a Hollywood blockbuster. Complete with clear warnings from scientists, politicians and the media.  And everyone can then get busy either panicking or becoming the plucky heroes. 

That’s not how collapse works.

Collapse is a process, not an event.

And it’s already underway, all around us. 

Collapse is already here.

However, unlike Hollywood’s vision, the early stages of collapse cause people to cling even tighter to the status quo. Instead of panic in the streets, we simply see more of the same — as those in power do all they can to remain so, while the majority of the public attempts to ignore the growing problems for as long as it possibly can.

For both the elite and the majority, their entire world view and their personal sense of self depends on things not crumbling all around them, so they remain willfully blind to any evidence to the contrary.

When faced with the predicaments we warn about here at PeakProsperity.com, getting an early start on prudently shifting your own personal situation is of vital strategic and tactical importance. Tens of thousands of our readers already have taken wise steps in their lives to position themselves resiliently.

But most of the majority won’t get started until it’s entirely too late to make any difference at all. Which is sad but perhaps unavoidable, given human nature.

If everybody around you is saying “Everything is awesome!”, it can take a long time to determine for yourself that things in fact aren’t:

Real collapse happens slowly, and often without any sort of acknowledgement by the so-called political and economic elites until its abrupt terminal end.

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

Lessons From Davos: Everything Can Come Crashing Down… And A Total Rejection Of Any Policy Alternatives

Lessons From Davos: Everything Can Come Crashing Down… And A Total Rejection Of Any Policy Alternatives

As Davos wraps up today, what have we got so far so far from the cockpit of globalisation? Warnings of rising nationalism. Fears of recession. Worries that everything could come tumbling down again. And a total rejection of any policy alternatives regardless. It’s as if the Captain of the Titanic admits to the passengers early into the journey that the ship is sinkable, and indeed they will all drown horribly when it goes down, but then reassures everybody he’s sticking to the same route towards the iceberg anyway. Before flying home in his private jet.

Exhibit A: SO ROSS. Billionaire US Commerce Secretary Ross coming across on TV as a “let them eat cake” kind of guy, when wondering why US government workers without pay don’t just go to a loan-shark to get them through the never-ending shut-down. It was a double-whammy from Ross: he also said the US and China are “miles and miles” away from an agreement on trade, meaning March madness looms, before being prodded to stay on message that it’s all good, even if the real issues over Chinese reforms are where this particular ship is likely to sink.

Exhibit B: SOROS. Emmanuel Goldstein George Soros boldly stating China’s Xi Jinping is: “the most dangerous opponent of those who believe in the concept of open society…Authoritarian regimes are proliferating all over the world and if they succeed, they will become totalitarian….I’ve been concentrating on China, but open societies have many more enemies, Putin’s Russia foremost among them….The first step is to recognize the danger…But now comes the difficult part…The reality is that we are in a Cold War that threatens to turn into a hot one.

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

“There Are Going To Be Shocks” – Barclays CEO Warns Another Financial Crisis Is Likely

“There Are Going To Be Shocks” – Barclays CEO Warns Another Financial Crisis Is Likely

Barclays CEO Jes Staley took a few days off from his battle to save Europe’s last functional global investment bank to travel to Davos this week, where he participated in a handful of interviews with Bloomberg and CNBC, and offered an interesting – if slightly self-serving – prediction about whether the unprecedented levels of debt rattling around the global financial system will result in another crisis like what happened ten years ago.

Staley

While he believes another great financial crisis is more or less inevitable, Staley insisted that, this time around, his industry wouldn’t be the cause. In fact, it might just be a buffer against the worst of the fallout. Because global banks have shrunk their balance sheets since the crisis (largely at the behest of regulators), they could end up shielding the global economy when credit markets – which have been fueled in part by non-bank lenders (i.e. shadow banks) – seize up.

“This time, there’s a chance the banks will be the buffer, as opposed to the cause” of the crisis, Staley, who has been the British bank’s chief executive officer since 2015, said in a Bloomberg Television interview with Francine Lacqua from the World Economic Forum in Davos, Switzerland.

Echoing a warning that has been featured in these pages more than once (and as recently as last week when we wrote that “An Unexpected Development Could Crush The Leveraged Loan Market”), Staley cited the flow of credit into collateralized loan obligations as a sign of the growing risks in the credit market, and pointed to the freeze-up in high-yield issuance in December as an indication of what a future “credit shock” could look like.

But destabilizing credit risks aren’t confined to corporate balance sheets. The growing sovereign debt burden could also become a problem.

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

“It’s A Reunion For People Who Broke The World”: Author Explains Why Davos Should Be Cancelled

Paris is burning, a large chunk of the US federal government is shut down and Britain is careening toward a delay of Article 50 – or possibly a second referendum – as the Brexit process descends into chaos, calls for the World Economic Forum to cancel its annual conference in Davos, a notorious rendezvous for the world’s financial and political elite, are growing louder. Particularly after Donald Trump, Emmanuel Macron and now Theresa May have all decided to skip the conference this year to attend to their respective crises.

While these demands from a frustrated public might seem baffling to the global elites who see Davos as an opportunity for less-fortunate emerging economies to “pitch” themselves in an effort to attract more FDI, one former New York Times columnist and the author of a new book that explores the causes of the surge in populism sweeping the Western world offered a surprisingly articulate and trenchant explanation for why people across the west are “mad as hell”, and, furthermore, what role the average Davos attendee played in bringing our society to this point.

In an interview with Bloomberg TV, Anand Giridharadas placed the blame on plutocrats like Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos for helping to “break the world” with ruthless corporate agendas that helped monopolize political power in the hands of the elite…leaving the rest of the population with deep-seated feelings of frustration as the usual avenues of social mobility have been closed, and people feel more powerless to change their future.

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

The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy

The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy

  • Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it’s Annual Meeting in Davos, Switzerland January 22-25, 2019.
  • Schwab explains the theme of this year’s meeting, “Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution.”
  • When asked if we were currently in a trend of deglobalization he said no, “we have to make a differentiation between globalization, which is a fact, and globalism.”
  • He says the biggest threat to economic stability is the imbalances in the world.
  • Schwab says he believes trade imbalances are a problem. He is not an unconditional advocate for free trade, which he says is great but only if there is equality.

Sara Silverstein: This year’s theme for 2019 for the meeting is Globalization 4.0 and shaping the architecture of the Next Wave of Globalization which is the industrial revolution, the fourth industrial revolution, which you’ve literally wrote a book on. Can you tell me what makes up the fourth industrial revolution?

Klaus Schwab: We are living in a time of multiple technological innovations. I just mentioned artificial intelligence, blockchain, you could add and add, and all those technologies together will fundamentally transform the world, not just business models but economies, society, politics and so on. So when we speak about globalization 4.0, we want to address the global architecture which is needed in this new context of the fourth industrial revolution.

Silverstein: And what was the issue with the last wave of globalization?

Schwab: We see it already now so so many issues like inequality, trade wars, and I could go on and on. The danger is that we deal with those issues, we address those issues with patchwork policies.

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

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