Are the events of our world random happenings, or are they connected? Is there a global conspiracy, or are large portions of the population susceptible to imagining things? Over the last handful of years, ideas once thought conspiracies are now facts. It isn't as easy to dismiss crazy-sounding ideas anymore. One such idea concerns a reset of the economy. For years, "conspiracy theorists" were warning governments were moving toward a "great reset." The media dismissed it as a tinfoil crackpot theory. In 2020, the World Economic Forum openly started using the term “the great reset.” The phrase came from the World Economic Forum's (WEF) response to the pandemic in 2020. It became mainstream when the WEF released a press release headlined, "To improve the state of the world, The World Economic Forum is starting the Great Reset Initiative.”
The “Great Reset” was no longer a wild conspiracy theory. It became a global movement and an unquestionable political agenda. This article is part one of a multi-part series to explain the "great reset." I will use the WEF's words to define and explain terms as much as possible. Also, we will explore what it means for the economy, the predictable and unpredictable aspects of the reset, and what it means for your portfolio. After reading the series, decide for yourself if it's all a coincidence or if there is a conspiracy of forces strategically working to create economic events to shape the political future.
The Word Economic Forum (WEF) meets yearly in Davos, Switzerland, to discuss global economic issues. Davos has become a who’s who among the world elites. Heads of state, captains of industry, billionaires, and celebrities attend the annual conference. Security and secrecy surround the yearly meeting, leading to theories about what happens there. The 2023 Davos conference will be January 16-20. The conference is titled "Cooperation in a Fragmented World".
What is the Great Reset?
The term is a progressive economic agenda to “reset” capitalism into “more equitable outcomes” and “environmental sustainability.” The agenda comes from the World Economic Forum, which meets annually in Davos, Switzerland, to discuss global economic policies. The World Economic Forum describes their annual Davos meetings the same as conspiracy theorists. In the introduction to its 2009 book, "40 years of shaping history", the WEF declares Davos as the place where power brokers make decisions. "Davos has been a place [sic] where incipient changes in the world are first discerned [sic]and where ideas for changes that have shaken the world have been conceived [sic] or refined."
The WEF is an international non-governmental and lobbying organization with the stated mission of “improving the state of the world by engaging business, political, academic, and other leaders in society to shape global, regional and industry agendas"
During the pandemic, the WEF repeatedly pushed the idea of a great reset. They aim to revamp every area of society, including education, to shape agendas. Shaping agendas is vastly different from promoting an idea. Their language sounds like a dystopian movie script about the new world order.
“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. There are many reasons to pursue a Great Reset, but the most urgent is Covid 19.
It is interesting to note how much education has changed drastically since the release of the initiative in 2020. The DOJ has turned parents into domestic terrorists who protest CRT, alternative sexual lifestyles, and social justice agendas taught in schools to young children (link- https://www.washingtonpost.com/education/2022/01/13/school-board-association-domestic-terrorism/). It is probably just a coincidence that the WEF wants to change education to bring about "more equitable outcomes." Shortly after, schools begin teaching progressive policies about equality of outcomes. Then, the DOJ turns on parents who challenge them. (Nothing to see here, folks. Try to ignore that the WEF states it shapes agendas through educators and wants to overthrow societal norms. The government teaches alternative lifestyles to children overturning societal norms, and teaches equity theories to kindergartners. It's all a coincidence and probably a wild conspiracy theory.
The term "Great Reset" originally comes from a book by Klaus Schwab, founder of the World Economic Forum, titled “The Great Reset: Resetting the World.” Listen to the book here. Schwab stated three great reset objectives, which he calls stakeholder capitalism.
- Steer markets toward fairer outcomes
- Ensure that investments advance shared goals, such as equality and sustainability
- Harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social changes
In 2019, Schwab stated that implementing stakeholder capitalism is why he founded the WEF in 1971. Maybe your question sounds like mine…didn’t the Covid 19 pandemic start in 2020?
What is Stakeholder Capitalism?
Schwab describes three types of capitalism, shareholder, state, and stakeholder. Shareholder capitalism is the prevalent form now where profits for shareholders drive companies. State capitalism is where governments, like China, direct the economy. Stakeholder capitalism is where the company considers everyone and everything in society, creating equitable outcomes for all. The idea is that profits should be secondary to improving the world and their "duty to society."
The WEF believes that the Paris Climate Accords and United Nations Sustainable Development Agenda shared goals of humanity and, therefore, the duties of corporations are outlined in the Paris Climate Accords and United Nations Sustainable Development Agenda.
1. Steer Markets Toward Fairer Outcomes
Despite Schwab’s rejection of state capitalism, the first pillar requires governments to improve coordination, upgrade trade agreements, and create the conditions for a stakeholder economy. “Governments should implement long-overdue reforms that promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.”
Do you remember the minimum 15% global tax?. The global minimum tax is “improved coordination between governments.” On October 13, John G. Murphy, Senior Vice President for International Policy at the U.S. Chamber of Commerce, released a treatise on why the U.S. needs more trade agreements, i.e., upgraded trade agreements.
The philosophical and political debate is whether the government should ensure equality of opportunity or equality of outcome. There are several examples of the government moving toward a doctrine of outcome equality in line with the WEF objective.
2. Ensure that Investments Advance Shared Goals, Such as Equality and Sustainability
The WEF calls for massive government spending programs and sizeable investments in “green” urban infrastructure. “The large-scale spending programs that many governments are implementing represent a major opportunity for progress" This objective wants to build on something other than previous economic models or infrastructure.
. It seeks to use the funds to "create a new one (economic system) that is more resilient, equitable, and sustainable in the long run." Governments should "create incentives for industries to improve their track record on environmental, social, and governance metrics." Laws like the Inflation Reduction Act and the $1.7 trillion omnibus law contain $100s of billions of dollars for environmental protection. Coincidence?
3. Harness the innovations of the Fourth Industrial Revolution to support the public good
The fourth industrial revolution is characterized by a “fusion of technologies that is blurring the lines between the physical, digital, and biological spheres” and being pioneered by, wait for it, Klaus Schwab . Some examples of the types of technologies are artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. The goal is the automation of economic, political, and governance energies. On the surface, it sounds like a world of possibilities. However, the "public good" is not what you think it is. The "public good" means equitable outcomes, i.e. socialism. Schwab argues that innovators, shareholders, and investors benefit the most from new technologies, creating a wealth disparity within society. The argument is a wealth disparity is not equitable and, therefore, not the public good.
In part two, we will investigate the specifics of the reset. I will give you a hint. (Debt. More initiatives like canceling student debt will build the framework for the reset and stinks of WEF's influence in American politics. In the following articles, I will demonstrate that there are either massive coincidences or that the government is intentionally accelerating adherence to the WEF guidelines. Where does this go? Spoiler warning: the U.S. government will eventually require treasuries to be purchased by U.S. citizens "in the name of equity." Unless you want the government to decide what you can invest in, protect yourselves with precious metals before it's too late.
Be on the lookout for part two and updates from the conference soon.
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