Vienna 1/29/2021
Where does this bizarre title come from? Because I prefer to call things what they deserve.
The theme of this chapter will be the planned bankruptcy of the world, euphemistically called the Great Reset.
So this term great resets is just a big cassation or a really big bankruptcy.
Most economists have been warning of the world’s excessive indebtedness for years.
Debt is either on the micro-private bank lending scale, or on the macro-government debt scale.
What really happens when Mr. Smith goes to the bank for a loan?
The bank checks the chances of loan repayment (sometimes it doesn’t even do so) and transfers the loan amount to Mr. Smith’s account after the contract is signed.
Where does the bank get this money for a loan from? You will likely say that this is the money of the customers who have made deposits with this bank or are keeping money in their own accounts.
Nothing could be more wrong – this loan money is purely virtual. Banks have the right to transfer amounts specified in banking law and create new money out of nothing.
That’s right, that money has no market coverage for new goods or services.
Since this has been around for a long time, why is there no inflation, on the contrary, the interest rate is close to zero and sometimes even below?
This is due to the surplus of goods on the market and the deflationary policies of the World Banks, including the FED.
And now the question arises: how long?
Don’t expect an exact answer from me – I don’t have a crystal ball and even if I did I couldn’t use it.
However, I have information from people who have extensive business knowledge. The range of predictions made by these people is incredibly broad.
From assumptions that the economy will return to normal in 2021 and catch up on losses quickly (these are mostly experts who assist governments), to those who say there will be runaway inflation, restrictions on bank withdrawals and a There must be a ban on trading in gold, etc.
So we have two extreme positions and the actual course of events should be somewhere in between. Yes but…
This is where Mr. Klaus Schwab and his World Economic Forum come into play.
[5/27/2022] Link below has been removed from WEF website. You can read the same in the archive here.
You might be interested in what is published on their websites? Take a quote like this:
“Welcome to the year 2030. Welcome to my city – or should I say, “our city”. I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or any clothes.”
It is a utopian vision of an incorrigible supporter of the disease known as communism. According to the rule: you will be happy if you have nothing. This is nothing new, the elders who remember the times of communism know it. Many generations have gone through this experience in the 20th century. The most radical and still functioning system is North Korean communism with concentration camps and uniform clothing for everyone.
Many have already forgotten what Pol Pot did in Cambodia.
Please don’t get me wrong, I’m not going to write anything against the left – that’s not the topic.
When a conservative party carries out a major social reform that the left dared not think about, it is difficult these days to take artificial political divisions seriously.
However, the argument that communism fell because it was poorly introduced is utterly thoughtless – no society will sacrifice itself under duress for the public good.
Freedom and motivation to improve one’s own and family situation are the main source of prosperity in the West.
The annual agenda of the World Economic Forum in Davos, Switzerland ends today.
The leaders of many EU countries, Russia, China, India, Japan and many others took part.
Klaus Schwab has published a book with the title “COVID-19: The Great Change”.
It’s an in-depth study that suggests an easy way out of the world’s financial collapse.
Bankrupt the world and start over.
This is what Lenin did after the revolution in Russia 100 years ago when he terminated all of the Tsar’s treaties. All of the Tsar’s creditors of Russia had to say goodbye to their debt recovery demands.
Are we going to repeat this story?
Author: Marek Wojcik