by Egon Von Greyerz, Gold Switzerland:
If you want to understand modern CBDC, it may be worth considering the context of history, the philosophy of man, the math of debt and the geology of gold.
Broke Countries Do Bad Things
When broken, debt-soaked “developed economies” suffering from years of fantasy money printing to “solve” fatally rising debt levels collide with history-blind and economically-ignorant policy makers, the end result is always the same: Liberty sinks, currencies die and control rises.
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This is not sensationalism, but the toxic evolution of economic, political and psychological patterns seen throughout time.
Sadly, our “times” (as well as the global abundance/convergence of weak leadership) are no exception.
Or stated more simply, inept financial and political leadership leads to even more dangerous financial opportunists and tyrannical policies masquerading as efficient solutions.
Toward this end, the evidence is literally everywhere—left, right and center.
The Inevitable Klaus Schwab-Type
Nowhere is such will-to-power opportunism and fantasy (i.e., centralized) solutions more exemplified than in the so-called “Great Reset” authored by the head of the World Economic Forum, Klaus Schwab.
Like all opportunists and historical as well as current “types,” Schwab (like the IMF, the BIS, the Fed, the White House, the European or British Parliament etc.) is exploiting a crisis to enhance control while appearing humanitarian and visionary.
We’ve seen this demagogue movie before in Italy, France, Germany, Spain, Yugoslavia, Cuba, China, Russia etc.
In each example (from the 1780’s to the 1960’s to now), leaders who promised miracle solutions to financial disaster brought only centralization and disorder while erecting statues (or book deals and Parisian shopping sprees) to themselves.
Never Let a Good Crisis Go to Waste
And what better crisis to exploit than the bat-made narrative of the Covid pandemic with its case fatality rate of less than 2%?
Post-Covid, it is now patently obvious to anyone who has taken the time to look unemotionally at the science, math and data (including courageous British journalists like Matt Ridely, well-spoken celebrities like Russell Brand, dark horses like Bret Weinstein or the non-political [and hence more honest] scientists convening at Great Barrington) that COVID most likely came from a lab and that the policy reaction of a global shut down and forced vaccine was a moral, scientific, economic and political disaster for the record books.
Despite the fact that history has seen (and stoically survived) far greater per-capita death tolls in the form of cholera, the bubonic plague, small pox, or influenza, our policy makers, with the embarrassingly complicit support of a Pravda-like and politically-influenced main stream media, would have us believe they care so much about you and I. So, they locked us down, went trillions more into debt (and a hidden, second market bailout) for our sake.
In fact, the IMF in 2020 compared the war on Covid to the Second World War and its 85 million deaths.
That’s an insult to history.
As an equally courageous Christine Anderson declared from the European Parliament during the height of the Covid hysteria (mandates, restrictions, masks etc.): Covid politics were not about concern for the masses.
Despite such sober honesty and macabre math, Klaus Schwab, along with just about every other global leader, was taking a more dramatic and opportunistic approach, declaring that, “the Corona Virus pandemic has no parallel in history. It is our defining moment.”
Huh?
What he really meant in this classic Freudian slip was that Covid was his defining moment. Namely, the perfect crisis to exploit global fear and promote his new “Great Reset” vision as the leader of a better tomorrow, akin to Lenin’s losing-war promise/bribe of simple “bread and peace” in 1917…
And what is Schwab’s (and others like him) vision of a better tomorrow?
What is the “Great Reset”?
Like most politically and financially bad ideas (from Quantitative Easing to the Patriot Act), the Great Reset envisioned by Schwab has a seductive title and facade—namely “Stakeholder Capitalism.”
Unlike current shareholder capitalism, his concept of stakeholder capitalism aims to infuse global corporate board seats with a higher percentage of special interest representation (i.e., labor, environmental, social justice etc.).
In the USA, Elizabeth Warren has a similar, and indeed superficially noble, and more inclusive agenda.
China, whose leader-for-life (Xi Jinping) is a Schwab favorite and Davos keynote speaker, takes this autocratic vision one step further by simply inserting governmental agents into every Chinese boardroom.
For many, including myself, one can understand a desire to improve corrupt financial/banking systems and fractured social structures. One can understand more inclusion and less corporate greed.
Toward that end, I don’t think Schwab is a transhumanist creature of a dark global conspiracy to depopulate the world and rule as supreme leader of a one-world government.
I actually feel he believes he can help himself (and others) at the same time.
And as for the current version of capitalism in which central banks like the Fed (and derivative-sick commercial bankslike Credit Suisse) have become THE driving/liquidity force of supply and demand, I’ve written and spoken countless times on my view that true capitalism died long ago.
But what we are being told by folks like Schwab is hardly better; in fact, it’s much worse.
Schwab’s Flawed Premise: Institutional Faith
Like China’s Xi Jinping, Schwab’s Great Reset is based upon the notion that systemic risks like inflation, pandemics and geopolitical as well as economic distortion can be better managed by a global “coordination” of wise centralized and institutional players.
Like Xi, Schwab believes “giant ships survive storms, whereas small boats sink.”
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