The story of Davos and the World Economic Forum

Klaus Schwab’s annual conference in Davos, Switzerland, is a way of showcasing attempts to make capitalism more socialist through “shareholder capitalism.”

Klaus Schwab’s annual conference in Davos, Switzerland, is a way of showcasing attempts to make capitalism more socialist through “shareholder capitalism.”

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In this episode of the “Fed Watch” podcast, we interact with the Bitcoin Magazine livestream team, talking about the history of Davos and the World Economic Forum (WEF), as well as answering some questions and answers about my Federal Reserve predictions.

The week of May 23, 2022 was a bit of a slower news cycle in macro and Bitcoin so I took the opportunity to start a new series discussing the history of major international institutions such as central banks, the International Monetary Fund and , this week, the World Economic Forum. The story part takes up about half of the show and the rest is the probing questions and answers mentioned above.

“Fed Watch” is the macro podcast for Bitcoiners. In each episode, we discuss current macro events from around the world, with an emphasis on central banks and currency issues.

Beginnings of Davos and the World Economic Forum

Davos (Switzerland) is the name and place of the annual meeting of the World Economic Forum. Originally called the European Management Forum, it was founded in 1971 by a business professor in Geneva, the infamous Klaus Schwab. That should be a familiar year for Bitcoiners, because it is the same year that President Nixon pulled the US out of the remnant of the gold standard.

At first, Davos was a small conference of European businessmen discussing Klaus Schwab’s ideas on “stakeholder capitalism”. Compared to unbridled capitalism, this new idea of ​​stakeholders expanded the corporation’s ethical duty to serve customers and shareholders to also serve employees and suppliers in a socially responsible manner. Schwab took this idea further down the slippery slope and outlined an ethical duty to the community and society as well.

Shareholder capitalism is simply a subtle way of making capitalism more socialist.

In 1987, the European Management Forum changed its name to the World Economic Forum and its annual meeting to Davos.

Davos achievements

One would expect an institution as famous and well-regarded as the World Economic Forum to have many achievements to its name. However, even after 50 years, the list of achievements is very short! The World Economic Forum claims a hand in stopping a war between Turkey and Greece in 1987, a role in German reunification, and helping end apartheid in South Africa by organizing a handshake between Nelson Mandela and Frederik de Klerk in 1992. It that’s it. Recently, they have also won some victories on the environmental front.

So what has the WEF been doing all these years? Here it is where it gets interesting.

In 2004, Klaus Schwab created the Young Global Leaders Forum. It is an annual program that graduates approximately 100 rising young leaders from around the world who are destined for senior positions, whether in government, business or culture. The program features 1,400 alumni that include presidents and prime ministers along with some of the world’s richest and most influential people, such as Elon Musk and Mark Zuckerberg.

These young leaders are indoctrinated in the WEF’s brand of Marxism, which you will commonly hear called “globalism,” the modern incarnation of stakeholder capitalism. You know something is pushing a global Marxist agenda when you hear terms like “socially responsible,” “global governance,” “climate action,” and “management” of all sorts.

COVID-19 and the great reset

COVID-19 has given the World Economic Forum and Klaus Schwab the breathing space they have been waiting for. Schwab quickly released his new book called “The Great Reset” which made headlines around the world. If he didn’t know about the WEF before COVID, he does now.

“The Great Reset” is a call for a complete reconstruction of our world along the lines of stakeholder capitalism and the WEF brand of Marxism. His famous marketing slogan is: “You will own nothing and you will be happy.” Once again, a conspiracy theory becomes a conspiracy fact.

“As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those who determine the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. Drawing from the vision and vast experience of the leaders involved in the Forum communities, the Great Reset initiative has a set of dimensions to build a new social contract that honors the dignity of every human being.” — World Economic Forum

ideological connections

Klaus Schwab has a deep Marxist past that begins with Father Hélder Câmara from South America. Câmara was invited to speak at the 1974 meeting of the then European Management Forum, and in that speech, Father Câmara called for the distribution of wealth in very clear language. He also became the first in a series of “Liberation Theology” priests to speak at the meeting over the years.

Câmara was a well-known revolutionary Marxist and persona non grata to many governments, but also the person whom Schwab has called his “spiritual father.” His influence was much broader than just the WEF. Câmara was also a mentor to Paulo Freire, author of “Pedagogy of the Oppressed,” the third most cited book in the social sciences and an underpinning of modern “identity Marxism” that has infiltrated Western schools. A third disciple of Câmara is Pope Francis, known in some circles as the Marxist Pope.

“If a person lacks what is necessary to live with dignity, it is because another person is holding him back. […] the right to private property can only be considered a secondary natural right, derived from the principle of the universal destiny of created goods.” — Pope Francis (emphasis added)

What we have here is the WEF playing a role in a full-scale Marxist attack on our society. Câmara’s three disciples, one of whom is Klaus Schwab, play important roles in education, religion, and business.

World Economic Forum on Stablecoins

Before moving on to the Q&A segment of the show, I describe a few times the WEF has talked about Bitcoin. They are very much against bitcoin mining and have often launched attacks against it.

In November 2021, they produced a series of white papers on stablecoins and central bank digital currencies (CBDCs). These intermediate steps are, of course, the World Economic Forum’s preferred way of appearing to embrace the Bitcoin revolution, while actually embracing nothing new. CBDCs, in particular, are a wonderful way for the WEF and like-minded globalists to co-opt the Bitcoin revolution and use it to increase their own power and influence.

Questions and answers

To close the show, the boys from the Bitcoin Magazine The live stream team, Chris Alaimo and Q, ask several questions about the Federal Reserve and the US economic outlook for the coming months. It’s a great segment and allows me to develop my macro predictions. You’ll have to listen to find out!

That’s all for this week. Thank you readers and listeners. If you enjoy this content, please subscribe, review and share.

This is a guest post by Ansel Lindner. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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