{"id":18226,"date":"2016-02-24T19:38:27","date_gmt":"2016-02-25T00:38:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18226"},"modified":"2016-02-24T19:38:27","modified_gmt":"2016-02-25T00:38:27","slug":"revealed-the-hidden-agenda-of-davos-2016","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18226","title":{"rendered":"Revealed: The Hidden Agenda of Davos 2016"},"content":{"rendered":"

Revealed: The Hidden Agenda of Davos 2016<\/a><\/h3>\n

<\/p>\n

 <\/p>\n

\n

\u201cIt\u2019s a big club and you ain\u2019t in it!\u201d<\/p>\n

I\u2019m often reminded of these words, spoken by the great comedian George Carlin, when I read about the annual World Economic Forum meeting in Davos, Switzerland.<\/p>\n

That\u2019s where the global power elite gather to discuss the big issues of the day. The most important world leaders attend. As do the CEOs of the largest companies, leaders in the mainstream media and top academics. Central bankers attend, too, along with a wide assortment of celebrities.<\/p>\n

Three types of meetings happen in Davos, according to the BBC:<\/p>\n

    \n
  1. Public meetings, which anyone can attend.<\/li>\n<\/ol>\n
      \n
    1. Closed meetings, which you can only attend by invitation.<\/li>\n<\/ol>\n
        \n
      1. Secret meetings, which are unannounced. The public doesn\u2019t know the agenda or who attends.<\/li>\n<\/ol>\n

        The biggest and most important deals take shape in these secret meetings. And this year, I think there was one secret meeting with huge historical significance.<\/p>\n

        I think world leaders decided to dramatically escalate the\u00a0War on Cash<\/a>, making it easier for them to impose negative interest rates.<\/p>\n

        Negative interest rates mean the lender pays the borrower for the privilege of lending him money. It\u2019s a bizarre, upside-down concept.<\/p>\n

        Negative rates could not exist in a free market. They can only exist in an\u00a0Alice in Wonderland<\/em>\u00a0economy created by central bankers.<\/p>\n

        Punishment Interest<\/strong><\/p>\n

        Think of it as \u201cpunishment interest.\u201d<\/p>\n

        That\u2019s a common term in Germany for negative interest rates. I think it\u2019s an apt description.<\/p>\n

        Punishing savers is exactly what central bankers\u2014who are really central economic planners\u2014would like to do. They think stinging savers with negative interest rates will encourage them to spend\u00a0now<\/em>. It\u2019s effectively a tax on saving money.<\/p>\n

        …click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        Revealed: The Hidden Agenda of Davos 2016   \u201cIt\u2019s a big club and you ain\u2019t in it!\u201d I\u2019m often reminded of these words, spoken by the great comedian George Carlin, when I read about the annual World Economic Forum meeting in Davos, Switzerland. That\u2019s where the global power elite gather to discuss the big issues […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[64,124,193,12619,6228,11725,889],"class_list":["post-18226","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bbc","tag-central-banks","tag-davos","tag-hidden-agenda","tag-international-man","tag-nick-giambruno","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18226"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18226\/revisions"}],"predecessor-version":[{"id":18227,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18226\/revisions\/18227"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}