With January’s world elite submit in Davos wrapping up earlier this month, members of the World Economic Forum (WEF), who publicly celebrate their infiltration of governments across the globe, continue to do what they do best, i.e. intervene in the market for the purpose of destabilizing the world with ominous projects like the Great Reset.
Their predictions begin with a recession in 2023:
A global recession is seen as likely by two-thirds of respondents to the World Economic Forum’s Chief Economists Outlook…
Surely, everyone should anticipate a recession by now, but maybe not? Further details are provided:
…expect growth to drop to 1.9% this year from 3% in 2022 because of intersecting crises such the Ukraine war, surging inflation, debt tightening and the climate emergency.
Take a moment to consider just how much the average person, not just in America, but the entire world, is forced to pay for that which they have no business in, no part of, and no desire to support. Notice some of the problems ahead:
The War in Ukraine costs billions of dollars. You may sympathize but unless you have family or loved ones in the region, you likely don’t feel directly responsible for its funding.
Primarily due to the Federal Reserve printing trillions of dollars a few years ago, “surging inflation” was exacerbated by governments forcing a worldwide economic shutdown during the same time period.
“Debt tightening” is something no one should hold their breath on. If there has ever been a documented case of government showing spending restraint through monetary/fiscal policies, those instances have been few and far between.
The following chart highlights America’s debt and debt ceiling problem since 1970:
Few things in life should be given a 0% chance of ever happening; but if anything is to be assigned a probability of zero, it would be debt tightening. Per the chart, there is absolutely no historical evidence that managing the debt was ever possible. The advent of the Federal Reserve ensured debt management would never be something the country could handle.
Rounding out events to anticipate in 2023: “climate emergency.” Likely a costly endeavor; how much money will be needed to fight climate change? And, how will this impact the economy? This has yet to be seen.
What is seen is the unimaginable central planning power wielded by a handful of elected and unelected officials, whether through war, money (debt) creation, or other schemes such as climate change. The average person, Sumner’s The Forgotten Man, is funding a great deal that has nothing to do with them.
The WEF’s list provides plenty more risks and unpleasant events; this was only some. But at the conclusion of their summary of existing and potential economic problems, which they are largely to blame, they ask:
Can central bank digital currencies help stabilize global financial markets?
The unequivocal answer is and should always be a hard “no.” Central planning had its shot in the 20th century and failed miserably. Unfortunately, so few seem to remember, or care. We’re almost a quarter of the way into the 21st century and, so far, the role of the central planner has only gained in stature. We can only wonder how many more times humanity must saddle the brink of collapse due to the precious plans of a few.
There are some excellent podcasts regarding the WEF that warrant a listen. The Human Action Podcast topic was Davos: Has Globalism Peaked, Radio Rothbard discussed How the Fed Fuels WEF’s Managerial Revolution, and Michael Rectenwald wrote an interesting article titled: Mastering the Future: The Megalomaniacal Ambitions of the WEF. It’s probably also a good idea to read the WEF’s website for good measure, since it’s good to know the direction in which they intend to nudge or overtly direct society. Or, if nothing else, to at least consider the 5 reasons why eating insects could reduce climate change. Much can be learned from the WEF, especially that the best place to keep a conspiracy, in fact, is in plain sight.
