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Warning From the World Economic Forum in Davos
From The Daily Capitalist
The theme of the World Economic Forum Annual Meeting in Davos, Switzerland this year is "Improve the State of the World: Rethink, Redesign, Rebuild." It starts today.
As you know, this annual meeting is where governments and businesses meet to "exchange ideas" and issue puffy statements about the world, pledge international cooperation and solidarity, and then go home after a week of skiing and great food. I'm sure that some business gets done there.
From the WEF press release:
During five days filled with hundreds of working sessions, over 2,500 leaders from more than 90 countries representing business, government, civil society, academia and culture will work together to address pressing challenges and future risks.
This is a plum assignment for the media, so they'll be crawling all over the place and issue serious reports on how these leaders view the world. I have to admit that I'm envious, but no one is paying my way ... yet.
Like most of these kinds of events nothing will really happen. The real work will be done in private meetings in presidential suites between foreign leaders and their treasury and central banking heads.
The purpose of this article is not to remind you of my cynicism, but to give you a heads up on certain supranational trends that have been taking place since the Great Panic of 2008. Here's what the WEF says:
“Global multistakeholder cooperation lies at the heart of the Forum’s mission to improve the state of the world,” said Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. Speaking at a press conference at the World Economic Forum’s headquarters in Geneva, Professor Schwab said: “We have to rethink our values – we are living together in a global society with many different cultures. We have to redesign our processes – how do we deal with the issues and challenges on the global agenda. And finally, we have to rebuild our institutions.
I first want to say how much I detest words like "stakeholder." It's the usual babble you hear from nonprofit types. You know, "We'll just need to sit down and exchange views and come to a consensus." It's like a choir of Church Ladies (of SNL fame) yakking mindlessly in the background.
Here's what they are talking about:
“We have to look at the Meeting in the context of what’s happening in the world ... and we see that, clearly, the present system of global cooperation is not working sufficiently. So we want to look at all issues on the global agenda in a systemic, integrated and strategic way, and we want to address in particular the issue of global cooperation. This is the reason why our Annual Meeting this year is tailored around the need to rethink, redesign and rebuild.”
Let me interpret:
The capitalists of the world really screwed things up, and we responsible adults have to clean things up. We've got to stop these bastards from forum shopping so they can't avoid our controls over them. We're gonna stick it to them this time.
Got it? Supranational controls over the finance business. This is beyond the Basel kinds of bank capital requirements. I think what they mean is kind of a World Securities and Exchanges Commission + Basel.
Here's what Tim Geithner said in his "Principles for Reforming the U.S. and International Regulatory Capital Framework for Banking Firms" issued last year:
8. Ensuring that tougher capital requirements don't allow firms to migrate to places where such capital requirements don't exist. In other words, keep the playing field balanced and don't allow huge risks to buildup in the system outside of regulation
This is just the start. I'm not paranoid about one-world government, but in the not too distant future we'll look back fondly at places like the Isle of Man, Cayman Islands, Nauru, and Liechtenstein where you could avoid (and evade) the rules of your motherland.
You can run, but you can't hide.
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Davos commences, market crashes. Ironic? I think not! My question is, do the bystanders hold hands while the Masters slaughter goats?
Warning From the World Economic Forum in Davos -
Improper release settings on ski bindings will break your legs in a crash.
Very nice.
Thanks. I enjoy your posts and learn a lot.
If you look at the State Bank of North Dakota, you learn what the real way to economic sanity is. North Dakota is the only state with a surplus. It is small independent entities that are needed to resolve the financial situation. Systemic solutions use the status quo as their foundation, and it is the status quo that is the problem. You have to begin with a new starting point and abandon the current model.
In another light, economic sanity calls for currency diversity and not a one-world currency. A one-world currency means the death knell for all sovereign independence.
With respect, North Dakota recently discovered they're sitting on more oil than they anyone there bothered to find during the first 100 years of the oil age (how enterprising). With a very low population, a vast amount of new oil finances a budget surplus in a locale where the carrying costs are far lower than places where lots of people actually live. I'm yumpin for yoy about that for all dem frugal Norvegians, but there's no special sauce in this unique recipe of demographics, geography, and dumb luck that you can export to the rest of the world to solve their fiscal woes.
+11
Yes, the global corporations are doing fine at the expense of everyone else....per mandate. And to be expected. As a small shareholder, do not expect any gain from this. Unless you are lucky or have a good sense for timing. That is not the point. Overarching control is the goal, and if you cannot see it coming.......woe to you.
We know the value of a dollar, and it is 1/M. It will always be 1/M....hahahah!
We convert YOUR work....catchy slogan, eh?
40muleteam borax
Cathcy as "I drink your milkshake!!!!"--There Will Be Blood"
Hahaha! No they're not.
The global corporations are doing fine. The local corporations are unable to move manufacturing to cheaper shores.
It comes down to: who do you trust more with money creation: bankers or a government agency. The bankers have proven beyond a shadow of a doubt they can't handle the responsibility (many times over in the last few centuries). But you can't imagine a government doing it any better.
Not exactly a mouth watering choice.
Hahaha, the global corporations are walking dead, they just don't know it yet. Like a man shot in the head while running, he can still go a few steps before falling down. When the collapse finally comes, they're finished.
The Global Corporations are the walking dead. They just don't know it yet. Like a man shot in the head while running, he can still go a few steps before he drops.
The party of Davos has no fear.........
The party of Davos has no fear.........
There is one problem over there: interests of USA & EU are not exactly the same as of China, India, Brazil, Russia, etc., Consequently, it is just a matter of time before a major confrontation will take place.
American and EU intentions to preserve their old financial privileges including the present reserve currencies are doomed. Davos meeting will have the same future as the last save-environment meeting in Amsterdam.
"The real work will be done in private meetings in presidential suites between foreign leaders and their treasury and central banking heads."
100% agree. The central bankers will enjoy the cream off the top and give the non-fat 'milk' to the people. The real wealth is with families that control the main central banks like the Rothschilds, Warburgs, Morgans, Rockefellers, etc.
Didn't TTTG work at the IMF for a coupla'? What a freaking hypocrite for him to say this:
I thought 3rd World resource explotation was the prime directive of the IMF?
[sarcasm off]
If the victim of a crime can simply run away and not be stolen from what can a thief really steal? The thieves are simply banding together to remove the hiding places and the fortress walls so they can rape and pillage with impunity.
A fractal is "a rough or fragmented geometric shape that can be split into parts, each of which is (at least approximately) a reduced-size copy of the whole.
I understand better Mandelbrot fractal theory than a one world government.
When it comes to Davos the Peter principle is finding its proof.
In order for the world to become "organized"....this would be an event that has never occured....
The EURO is an example ....
Of what will prove to be a failed FIAT currency....
Mark it down....
An Orwellian organized world ?
Not anytime soon....
By the way....
One country's loss is another's gain....
Total worldly legal organization ?
NEVER....
I just wanted to give you some food for thought. I want to give you guys a different way of looking at things.
After researching more I found a simple answer.
The Euro and Gold are the Answer. You see when the architects of the Euro created it, they knew the FEDs game. They knew that the price of Gold could not be kept low forever. And that one day the COMEX would go bust and the true price of Gold would be set free. They knew this so they structured a 15% reserve of Gold into the Euro Currency. We all thought/think this was to trick people into thinking that the Euro has some kind of partial Gold backing. But that is not the case. When the COMEX goes bust the Dollar is going to crash, because its architecture was always dependent on a cheap Gold price. But the architecture of the Euro is a different story. When Gold is set free, the Euro will soar! Gold will be for people to store their savings as "wealth par excellence".
The Euro (along with a few other regional currencies structured like the Euro) will be for spending. Currencies will trade freely along side Gold! If the EU tries to print more currency then their 15% Gold reserves allow, then the Gold and capital will freely flow into another regional currency that is not printing as much. If you manage your currency and economy responsible you will be able to print more currency because your 15% Gold reserve will keep increasing as the peoples freely held Gold will keep flowing into a responsible regions economy.
I know this sounds too simple, but watch what happens with Greece to see that the Euro is truly the Elites baby and it is a huge part of the next system coming soon.
People say Gold may be confiscated or there will be capital controls put on it. But when I look around today I see the exact opposite.(Except in America, America is a different story) China, Vietnam and even Iran are encouraging their citizens to accumulate Gold. Central banks are starting to buy. Germany now has Gold vending machines. I can easily travel with a certain amount of Gold in my possession from country to country with out paying VAT or other customs fees. (Silver is a whole other story also.) But it appears the elites plan has always been to manipulate the price of Gold lower with the dollar system to redistribute Gold into the little guys hands. Because for this new free floating Gold and regional currency idea to work there has to be a lot of small amounts of Gold spread out all over the world in many hands. (When in history has Gold been so freely available all around the world to the little guys?) Never! Up until now!
When the COMEX goes bust, the music stops playing and either you have a chair with Gold and Euros to play in the next game or you start at the bottom of a new world economic system and have to compete not only with everyone in your region, but also everyone through out the world!
You see people will believe this is a great new system everyone throughout the world will be on a fair economic playing field. But you will have to use the banks currencies to buy and sell. Yes you will always be able to buy Gold with the currencies at fair market value and inflation will always stay under control. But the rub is that there will be no real competing currencies. You will have maybe a choice of 5 currencies all managed similarly to the free float price of Gold by banks that are all in cahoots.
The only question now is when will the COMEX default?
Got Gold and Euros?
Read fofoa.blogspot.com for more info.
Agreed.