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The Great Reset – The Final Battle Against Marxists

The Great Reset – The Final Battle Against Marxists

The rising civil unrest is starting to take notice of Bill Gates and his consortium hell-bent on changing the world economy. They have used the coronavirus as a ploy to shut down the world economy all for their Climate Change Agenda. There is a mountain of circumstantial evidence that points to Fauci funding the creation of this virus and transferring it to the Wuhan lab where neither China nor the United States leaked it, but this consortium which has planned this Event 201 on how to destroy the world economy and rebuild it from scratch. They are already introducing Guaranteed Basic Income, assuming they can wipe out over 300 million jobs and then pay people to sit home and watch TV, where they recreate the world in their own image which they are promoting as the Great Reset.

This has all been planned and it is being promoted by the infamous Davor — World Economic Forum. These people are all elitists who would never walk among us who they consider the great unwashed. They have unleashed domestic violence on the world and encouraged all the suicides by imprisoning people, and stripping them of all human rights. Their view is that the world is overpopulated, so thinning the herd to save the planet is justified and not genocide. Countries like Thailand saw their tourist trade collapse and countless food lines, all for a fake virus. These people have used the press to terrorize the people to achieve their goal to recreate the world economy as “greener, smarter, and fairer.” The World Economic Forum is promoting a Marxist agenda with a 50-page manifesto organized by the communist Thomas Piketty. The Forum promotes a new Marxist world, calling upon Piketty’s “urgent new message on how to fight inequality” where they want to attack anyone with wealth. Their proposal for Europe is to increase taxation by 400%!

…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…

The Impulses of Lunar Fed Policy Under Repo Madness

The Impulses of Lunar Fed Policy Under Repo Madness

This week, while you were busy working, Jamie Dimon, CEO of JP Morgan Chase, took time out from rubbing elbows with fellow movers and shakers at the World Economic Forum in Davos, Switzerland, to share his trepidations:

“The only thing I have trepidation about is negative interest rates, QE, and the diversion between stock prices and bond prices and yield and stuff like that….  I think it’s very hard for central banks to forever make up for bad policy elsewhere, that puts them in a trap.  We’re a little bit in that trap today with rates so low around the world.”

Fair enough.  Though Dimon, in what we presume was an inadvertent omission, failed to share that his firm may have recently walked the Federal Reserve into an elaborate policy trap.  Now the Fed’s stuck.  JP Morgan’s thrown away the keys.  And Dimon’s reaped a significant windfall.

If you recall, between Monday night and Tuesday morning September 16/17 the overnight repurchase agreement (repo) rate hit 10 percent.  Short-term liquidity markets essentially broke.  The Fed had to intervene in the repo market, via overnight repo operations, to push the repo rate back below 2 percent.

Since then, overnight repo operations by the Fed have become a near daily occurrence.  What’s more, these daily operations have ballooned to the order of up to $120 billion and are being maintained indefinitely.

On Tuesday, for example, the Fed created $90.8 billion out of thin air.  Of this, $58.6 billion was added to the overnight repo.  The remaining $32.2 billion was added to the 14-day repo.  Then, on Thursday, the Fed created another $74.2 billion out of thin air.  Of this, $44.15 billion was added to the overnight repo, and the remaining $30 billion was added to the 14-day repo.

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

Kondratiev – Riding the Economic Wave

Kondratiev – Riding the Economic Wave

LET’S escape Brexit and see what’s happening in the wider world. Most forecasters are gloomy about global economic prospects. According to Schroders, doyen of UK assets managers: “We forecast a more stagflationary environment in 2019 with global growth set to slow and inflation to rise”. The Davos World Economic Forum predicts a “sharp drop-off in world trade growth, which fell from over 5 per cent at the beginning of 2018 to nearly zero at the end”. Forbes business magazine warns: “The biggest problem for the global economy in 2019 will be massive business failures that could also lead to bank failures in emerging markets”.

Of course, the forecasters have been wrong before but it is clear that the main analysts of the global capitalist economy are pessimistic about current trends. They are right to be worried.

The international economy operates in pulses christened Kondratiev waves after Nicolai Kondratiev (1892-1938), the Russian economist and statistician who first identified them. These K-waves consist of an expansionary upswing lasting normally 15-20 years, followed by a downswing of similar length. We are now in such a downswing that could last till the 2030s.

What causes Kondratiev pulses? There is a rich literature trying to identify the cause, in particular the work of the Belgian economist, the late, great Ernest Mandel. Crudely, it works like this. Social and economic conditions mature to spark a runaway investment boom in the latest cluster of new technologies. After a period, excess investment and increased competition lower rates of profitability, curbing the boom.

At the same time – because this is as much a sociological as an economic process – growth expands the global workforce, both in numbers and geographically. The new, militant workforce launches social struggles to capture some of the wealth created in the boom. This, in turn, adds to the squeeze on profits. The peak and early down wave are characterised by violent social conflicts, whose outcome determines the length of the contraction.

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

Game Over? Report Card on Our Planet’s Environment

Game Over? Report Card on Our Planet’s Environment

The World Economic Forum’s Global Risks Report for 2019 indicates that most experts point to environmental problems as being the most serious threats to global stability—just as they found in the previous two years. That report follows on one in October 2018 by the UN Intergovernmental Panel on Climate Change (IPCC). It said with “high confidence” that at the current rate of greenhouse gas emissions, “global warming is likely to reach 1.5°C between 2030 and 2052 if it continues to increase at the current rate.” Avoiding the worst-case consequences would require measures that have “no documented historic precedent.”

As Americans see the evidence of climate-influenced destruction, they’re on edge: Seventy-two percent of those polled late last year considered climate change “important,” a 15-percentage point increase over 2015. Sixty-nine percent were “worried” about it.

So here we are again, facing another round of bad news on the environment. Actually, the news is worse this time around. 2018 was the fourth-hottest year on record; 2015-2017 are the other three. The Arctic experienced its second-warmest year ever. The head of the World Meteorological Organization said: “The 20 warmest years on record have been in the past 22 years. The degree of warming during the past four years has been exceptional, both on land and in the ocean.”

Rising sea levels, according to the IPCC, “will continue beyond 2100 even if global warming is limited to 1.5°C in the 21st century (high confidence). Marine ice sheet instability in Antarctica and/or irreversible loss of the Greenland ice sheet could result in multi-metre rise in sea level over hundreds to thousands of years.” Greenland’s and Antarctica’s ice loss has recently received extensive media coverage as scientists have discovered just how far offtheir earlier predictions were. Antarctica’s enormous ice reserves are melting six times faster now than they were between 1979 and 1989.

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

Vampire finance sucks the lifeblood out of the economy

Vampire finance sucks the lifeblood out of the economy

We need democratic control of the financial sector. An interview with Saskia Sassen

The World Economic Forum. Photo by Studio Roosegaarde (Flickr)

Every year to coincide with the World Economic Forum, the Transnational Institute based in Amsterdam launches a State of Power report to expose and deepen our understanding of the mechanisms that elites use to maintain power and concentrate wealth. For its eighth edition, the report has focused on the financial sector, asking why it has grown more powerful despite causing the financial crisis of 2008. The report features this interview with renowned sociologist Saskia Sassen who has written extensively on how finance has changed the nature of cities today and how its logic of extraction has fuelled new forms of expulsions and dispossession. The interview concludes with a discussion of fractures in the power of ‘high finance’ and how citizens’ movements might take advantage to advance a democratic control of money. 

How powerful is finance today and from where does it derive its power?

First, finance shouldn’t be confused with traditional banking. We need banks – they sell money – whereas finance is a mode of extraction, just like mining: once value has been extracted they don’t care what is done with it. A traditional bank wants its customers’ children to be future clients, so it cares about relationships, but finance doesn’t care at this personal level, except if they are very, very rich.

Second, finance is a dangerous sector because financiers have learnt how to financialise just about everything. And they do this not through traditional banking practices, but through algorithms and highly speculative manipulations. They have invented instruments to serve themselves rather than whoever they are advising. Which means they often don’t lose even when their clients do.  

 …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…

Political Nightmares Multiply for Europe Ahead of Davos

Political Nightmares Multiply for Europe Ahead of Davos

Europe’s dreams of integration are slipping away as the people wake up from the nightmare erected for them.

As we approach Act IX of the Yellow Vest protests in France and the threats of creating bank runs we get the news that both Presidents Trump and Macron will not be attending the convocation of globalists known as the World Economic Forum at Davos.

Trump’s not attending because it’s clear he’s no longer a member of The Davos Crowd and Macron isn’t because any public appearance by him will double the number of people donning high visibility safety gear and taking to the streets.

It almost feels like we’ve reached Peak Davos, with these announcements. But, clearly neither of these men are invited because in the minds of The Davos Crowd they no longer figure in their long-term plans.

Macron not attending is also a sign his government will be sacrificed on the altar of the Yellow Vests in the near future.

The Yellow Vest protests will have to be dealt with in a substantive manner that goes far beyond a few temporary injunctions against higher taxes. They are now vandalizing another symbol of middle class oppression in France, speed cameras.

All of the governments of Europe are broke. And the speed camera is simply another in a long line of instances of them trying to squeeze blood from the now impoverished and shrinking middle class.

The symbology of them smashing speed cameras and demanding their money from the banks cannot be clearer. When you take everything from someone, when he has nothing left to lose, he becomes free.

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

Market crash? Another red card for the economy

Market crash? Another red card for the economy

A few months ago I wrote this article at the World Economic Forum called “A Yellow Card For The Global Economy“. It tried to serve as a warning on the rising imbalances of the emerging and leading economies. Unfortunately, since then, those imbalances have continued to rise and market complacency reached new highs.

This week, financial markets have been dyed red and the stock market reaction adds to concerns about a possible impending recession.

The first thing we must understand is that we are not facing a panic created by a black swan, that is, an unexpected event, but by three factors that few could deny were evident:

  1. Excessive valuations after $20 trillion of monetary expansion inflated most financial assets.
  2. Bond yields rising as the US 10-year reaches 3.2%
  3. The evidence of the Yuan devaluation, which is on its way to surpass 7 Yuan per US dollar.
  4. Global growth estimates trimmed for the sixth time in as many months.

Therefore, the US rate hikes – announced repeatedly and incessantly for years – are not the cause, nor the alleged trade war. These are just symptoms, excuses to disguise a much more worrying illness.

What we are experiencing is the evidence of the saturation of excesses built around central banks’ loose policies and the famous “bubble of everything”. And therein lies the problem. After twenty trillion dollars of reckless monetary expansion, risk assets, from the safest to the most volatile, from the most liquid to the unquoted, have skyrocketed with disproportionate valuations.

(courtesy Incrementum AG)

Therefore, a dose of reality was needed. Monetary policy not only disguises the real risk of sovereign assets, but it also pushes the most cautious and prudent investor to take more risk for lower returns. It is no coincidence that this policy is called “financial repression“. Because that is what it does. It forces savers and investors to chase beta and some yield in the riskiest assets.

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

Steven Pinker’s Ideas About Progress Are Fatally Flawed. These Eight Graphs Show Why.

Steven Pinker’s Ideas About Progress Are Fatally Flawed. These Eight Graphs Show Why.

It’s time to reclaim the mantle of “Progress” for progressives. By falsely tethering the concept of progress to free market economics and centrist values, Steven Pinker has tried to appropriate a great idea for which he has no rightful claim.

In Enlightenment Now: The Case for Reason, Science, Humanism, and Progress, published earlier this year, Steven Pinker argues that the human race has never had it so good as a result of values he attributes to the European Enlightenment of the 18th century. He berates those who focus on what is wrong with the world’s current condition as pessimists who only help to incite regressive reactionaries. Instead, he glorifies the dominant neoliberal, technocratic approach to solving the world’s problems as the only one that has worked in the past and will continue to lead humanity on its current triumphant path.

His book has incited strong reactions, both positive and negative. On one hand, Bill Gates has, for example, effervesced that “It’s my new favorite book of all time.” On the other hand, Pinker has been fiercely excoriated by a wide range of leading thinkers for writing a simplistic, incoherent paean to the dominant world order. John Gray, in the New Statesman, calls it “embarrassing” and “feeble”; David Bell, writing in The Nation, sees it as “a dogmatic book that offers an oversimplified, excessively optimistic vision of human history”; and George Monbiot, in The Guardian, laments the “poor scholarship” and “motivated reasoning” that “insults the Enlightenment principles he claims to defend.” (Full disclosure: Monbiot recommends my book, The Patterning Instinct, instead.)

In light of all this, you might ask, what is left to add? Having read his book carefully, I believe it’s crucially important to take Pinker to task for some dangerously erroneous arguments he makes. Pinker is, after all, an intellectual darling of the most powerful echelons of global society.

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The Strategy of Maximal Extraction

The Strategy of Maximal Extraction

How Donald Trump Plans to Enlist Fossil Fuels in the Struggle for Global Dominance

The new U.S. energy policy of the Trump era is, in some ways, the oldest energy policy on Earth. Every great power has sought to mobilize the energy resources at its command, whether those be slaves, wind-power, coal, or oil, to further its hegemonic ambitions. What makes the Trumpian variant — the unfettered exploitation of America’s fossil-fuel reserves — unique lies only in the moment it’s being applied and the likely devastation that will result, thanks not only to the 1950s-style polluting of America’s air, waters, and urban environment, but to the devastating hand it will lend to a globally warming world.

Last month, if you listened to the chatter among elite power brokers at the World Economic Forum in Davos, Switzerland, you would have heard a lot of bragging about the immense progress being made in renewable energy.  “My government has planned a major campaign,” said Indian Prime Minister Narendra Modi in his address to the group.  “By 2022, we want to generate 175 gigawatts of renewable energy; in the last three years, we have already achieved 60 gigawatts, or around one-third of this target.”  Other world leaders also boasted of their achievements in speeding the installation of wind and solar energy.  Even the energy minister of oil-rich Saudi Arabia, Khalid Al-Falih, announced plans for a $30 billion to $50 billion investment in solar power.  Only one major figure defied this trend: U.S. Secretary of Energy Rick Perry.  The United States, he insisted, is “blessed” with “a substantial ability to deliver the people of the globe a better quality of life through fossil fuels.”

A better quality of life through fossil fuels? On this, he and his Trump administration colleagues now stand essentially alone on planet Earth.

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Soros and the EU Commission are now against the free Internet

Soros and the EU Commission are now against the free Internet

With his investments, Soros has become a billionaire. Unfortunately, for many years he has been interfering in the political and demographic developments in Europe and has been financially promoting ethnic replacement. Now he is turning against CSU, Facebook and Twitter because they are endangering his leftist revolution.

Like every year, Soros gave his speech on the state of the world at the World Economic Forum in Davos (see movie).1)The neo-liberal quasi self-made sage spoke to his heart’s content, while the open, freedom-loving society he invited soaked in each of his words like a sponge. Now hardly anyone noticed that Soros was trying to take away their freedoms.

In the beginning Soros spoke about Russia, which he describes as a mafia state, which adopted nationalist ideology and then he said that the US under Trump’s presidency will become similar in this respect. He now also included Hungary in the axis of evil. It is nothing new because he has always been hostile towards governments that are trying to protect their citizens from the consequences of open borders policies and the idea of an open society. What was new was that he scourged social networks. Soros maintains that since they have grown into powerful monopolies, they influence our behaviour and consciousness (especially during election time) too much.

They deceive their users by manipulating their attention and directing it towards their own economic interests and (…) making them dependent on their services (…) The platforms resemble casinos (…) and force people (…) to renounce what John Stuart Mill called the freedom of thought. Is that why Facebook and Twitter are banned in countries like China, Afghanistan and North Korea? Are people really allowed to think freely without access to the internet and the opportunity to post their opinions?

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

When it comes to Davos, it’s inequality, stupid

When it comes to Davos, it’s inequality, stupid

This is what ‘the great and the good’ in the business world will not be discussing during the annual talk-fest at the Swiss luxury resort

The curtain has gone up on the annual World Economic Forum in the Swiss resort of Davos. Photo: Reuters / Denis Balibouse

The curtain has gone up on the annual World Economic Forum in the Swiss resort of Davos. Photo: Reuters / Denis Balibouse

These Are The Top Global Risks For 2018 According To The World Economic Forum

As the World Economic Forum scrambles to accommodate the additional security measures necessitated by president Donald Trump’s decision to break with presidential tradition and attend Davos this year, the organization has released what’s become an annual tradition: Its report of what it believes are the top global risks for 2018.

The most prominent theme is the shift in perceived risk factors: conflict and war, natural disasters, extreme weather and cyberattacks have supplanted social polarization and the rise of populism as the biggest global risk for 2018.

As the report summarizes, last year’s Global Risks Report was published at a time of heightened global uncertainty and rising popular discontent with the existing political and economic order. The report called for “fundamental reforms to market capitalism” and a rebuilding of solidarity within and between countries.

The survey of nearly 1,000 experts from government, business, academia and non-governmental organizations showed 93% expect a worsening of political or economic confrontations between major powers in 2018, including 40% who believe those risks have increased significantly.

One year on, the WEF authors notes that the urgency of facing up to these challenges has, if anything, intensified. Economic growth is picking up, but 2017 was a year of widespread uncertainty, instability and fragility—and the latest results of the Global Risks Perception Survey (GRPS) suggest respondents are pessimistic about the year ahead: in a new question gauging expectations for 2018, only 7% of responses point to a reduction of risk, compared with 59% pointing to an increase.

The report highlights four concerns: (1) persistent inequality and unfairness, (2) domestic and international political tensions, (3) environmental dangers and (4) cyber vulnerabilities.

The visual summary of the global risk landscape is shown below:

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Olduvai IV: Courage
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Olduvai II: Exodus
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