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– TIMESTAMPS –
0:00 Intro
2:05 What is the Great Reset?
8:45 Economics of the Reset
11:38 Why now?
12:20 The plan for CBDCs?
18:21 Conclusion
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⛓️ ???? Useful Links ???? ⛓️
► Great Reset Website: https://www.weforum.org/great-reset/
► Klaus’s vision for reset: https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/
► Central banks & CBDCs: https://cointelegraph.com/news/bis-70-of-central-banks-involved-in-cbdc-research-only-several-have-concrete-plans
► FRED CPI data: https://fred.stlouisfed.org/series/CPIAUCSL
► You’ll own nothing tweet: https://web.archive.org/web/20201101022307/https://twitter.com/wef/status/799632174043561984?lang=en
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???? What is the Great Reset? ????
This controversial idea was put forward by the World Economic Forum, headed up by Klaus Schwab. It is made up of three main components:
► To steer the market towards fairer outcomes. In short, increase taxes.
► For governments to execute large-scale spending programs to create a more equitable and sustainable environment in the long-run. In short, the imposition of global standards.
► Using technology to further public good. In short, deepen the police state.
This idea has been around for a while, so why all the talk about it now? Well, it seems that the pandemic is the perfect excuse to start rolling out these changes.
Within my video I explore the key ways that Klaus intends to make all this happen and realize this vision for equality of outcomes.
Indeed, even more frightening is a deleted tweet from the World Economic Forum which states “You’ll own nothing, and you’ll be happy. This is how our world could change by 2030.”
Now, I don’t know about you but I don’t particularly want my stuff to be taken away!
???? Economics of the Reset ????
The idea put forward in the Great Reset is very much a top-down one. The problem with top-down directives and bluntly designed regulation is that it causes side-effects that could be harmful and probably would have been avoided if the change occurred organically.
History has shown us this time and time again. Think about the likes of Venezuela.
Also, top-down economics tends to lend itself pretty well to cronyism. Not good news if you ask me!
❓ Why Now ❓
Let’s face it, we all know that governments around the world are stacking up unsustainable levels of government debt, thanks to this global health crisis. All that government stimulus needs to be paid back somehow and that’s a bit of a pickle for the world’s politicians.
But the World Economic Forum has been meeting with governments for decades. So, it’s not farfetched to say that these Global elites might want to help each other out.
???? The Plan For CBDCs? ????
My take on the Great Reset is that it’s a way for global elites to seize more control through increased taxation, regulation and power.
Stealth taxation has been a problem for a while. But even that is not enough to cap those insane levels of national debt. It just so happens that around 70% of Central Banks are looking into CBDCs.
These Central Bank Digital Currencies are powered by blockchain tech. That technology makes it super easy to deploy monetary policy or even automate tax collection. They can also be used to freeze your money or make it vanish. That means that if anyone steps out of line, then governments can literally shut off your access to cash – a pretty effective way to control people.
Then there is the concern that CBDCs can be used to track all our spending.
Also, you might want to watch my video if you want to learn how CBDCs can be used to take care of that problem of ludicrous national debt levels.
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???? Disclaimer ????
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#greatreset #WEF #cbdc #crypto #bitcoin #blockchain
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