Well worth reading: Article from Hillsdale College's Imprimis publication.

https://imprimis.hillsdale.edu...-is-the-great-reset/

December 2021 • Volume 50, Number 12 • Michael Rectenwald

Is the Great Reset a conspiracy theory imagining a vast left-wing plot to establish a totalitarian one-world government? No. Despite the fact that some people may have spun conspiracy theories based on it—with some reason, as we will see—the Great Reset is real.

Indeed, just last year, Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF)—a famous organization made up of the world’s political, economic, and cultural elites that meets annually in Davos, Switzerland—and Thierry Malleret, co-founder and main author of the Monthly Barometer, published a book called COVID-19: The Great Reset. In the book, they define the Great Reset as a means of addressing the “weaknesses of capitalism” that were purportedly exposed by the COVID pandemic.

But the idea of the Great Reset goes back much further. It can be traced at least as far back as the inception of the WEF, originally founded as the European Management Forum, in 1971. In that same year, Schwab, an engineer and economist by training, published his first book, Modern Enterprise Management in Mechanical Engineering. It was in this book that Schwab first introduced the concept he would later call “stakeholder capitalism,” arguing “that the management of a modern enterprise must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity.” Schwab and the WEF have promoted the idea of stakeholder capitalism ever since. They can take credit for the stakeholder and public-private partnership rhetoric and policies embraced by governments, corporations, non-governmental organizations, and international governance bodies worldwide.

The specific phrase “Great Reset” came into general circulation over a decade ago, with the publication of a 2010 book, The Great Reset, by American urban studies scholar Richard Florida. Written in the aftermath of the 2008 financial crisis, Florida’s book argued that the 2008 economic crash was the latest in a series of Great Resets—including the Long Depression of the 1870s and the Great Depression of the 1930s—which he defined as periods of paradigm-shifting systemic innovation.

Four years after Florida’s book was published, at the 2014 annual meeting of the WEF, Schwab declared: “What we want to do in Davos this year . . . is to push the reset button”—and subsequently the image of a reset button would appear on the WEF’s website.

In 2018 and 2019, the WEF organized two events that became the primary inspiration for the current Great Reset project—and also, for obvious reasons, fresh fodder for conspiracy theorists. (Don’t blame me for the latter—all I’m doing is relating the historical facts.)

In May 2018, the WEF collaborated with the Johns Hopkins Center for Health Security to conduct “CLADE X,” a simulation of a national pandemic response. Specifically, the exercise simulated the outbreak of a novel strain of a human parainfluenza virus, with genetic elements of the Nipah virus, called CLADE X. The simulation ended with a news report stating that in the face of CLADE X, without effective vaccines, “experts tell us that we could eventually see 30 to 40 million deaths in the U.S. and more than 900 million around the world—twelve percent of the global population.” Clearly, preparation for a global pandemic was in order.

In October 2019, the WEF collaborated with Johns Hopkins and the Bill and Melinda Gates Foundation on another pandemic exercise, “Event 201,” which simulated an international response to the outbreak of a novel coronavirus. This was two months before the COVID outbreak in China became news and five months before the World Health Organization declared it a pandemic, and it closely resembled the future COVID scenario, including incorporating the idea of asymptomatic spread.

The CLADE X and Event 201 simulations anticipated almost every eventuality of the actual COVID crisis, most notably the responses by governments, health agencies, the media, tech companies, and elements of the public. The responses and their effects included worldwide lockdowns, the collapse of businesses and industries, the adoption of biometric surveillance technologies, an emphasis on social media censorship to combat “misinformation,” the flooding of social and legacy media with “authoritative sources,” widespread riots, and mass unemployment.

In addition to being promoted as a response to COVID, the Great Reset is promoted as a response to climate change. In 2017, the WEF published a paper entitled, “We Need to Reset the Global Operating System to Achieve the [United Nations Sustainable Development Goals].” On June 13, 2019, the WEF signed a Memorandum of Understanding with the United Nations to form a partnership to advance the “UN 2030 Agenda for Sustainable Development.” Shortly after that, the WEF published the “United Nations-World Economic Forum Strategic Partnership Framework for the 2030 Agenda,” promising to help finance the UN’s climate change agenda and committing the WEF to help the UN “meet the needs of the Fourth Industrial Revolution,” including providing assets and expertise for “digital governance.”

In June 2020, at its 50th annual meeting, the WEF announced the Great Reset’s official launch, and a month later Schwab and Malleret published their book on COVID and the Great Reset. The book declared that COVID represents an “opportunity [that] can be seized”; that “we should take advantage of this unprecedented opportunity to reimagine our world”; that “the moment must be seized to take advantage of this unique window of opportunity”; and that “[f]or those fortunate enough to find themselves in industries ‘naturally’ resilient to the pandemic”—think here of Big Tech companies like Apple, Google, Facebook, and Amazon—“the crisis was not only more bearable, but even a source of profitable opportunities at a time of distress for the majority.”

The Great Reset aims to usher in a bewildering economic amalgam—Schwab’s stakeholder capitalism—which I have called “corporate socialism” and Italian philosopher Giorgio Agamben has called “communist capitalism.”

In brief, stakeholder capitalism involves the behavioral modification of corporations to benefit not shareholders, but stakeholders—individuals and groups that stand to benefit or lose from corporate behavior. Stakeholder capitalism requires not only corporate responses to pandemics and ecological issues such as climate change, “but also rethinking [corporations’] commitments to already-vulnerable communities within their ecosystems.” This is the “social justice” aspect of the Great Reset. To comply with that, governments, banks, and asset managers use the Environmental, Social, and Governance (ESG) index to squeeze non-woke corporations and businesses out of the market. The ESG index is essentially a social credit score that is used to drive ownership and control of production away from the non-woke or non-compliant.

One of the WEF’s many powerful “strategic partners,” BlackRock, Inc., the world’s largest asset manager, is solidly behind the stakeholder model. In a 2021 letter to CEOs, BlackRock CEO Larry Fink declared that “climate risk is investment risk,” and “the creation of sustainable index investments has enabled a massive acceleration of capital towards companies better prepared to address climate risk.” The COVID pandemic, Fink wrote, accelerated the flow of funds toward sustainable investments:

We have long believed that our clients, as shareholders in your company, will benefit if you can create enduring, sustainable value for all of your stakeholders. . . . As more and more investors choose to tilt their investments towards sustainability-focused companies, the tectonic shift we are seeing will accelerate further. And because this will have such a dramatic impact on how capital is allocated, every management team and board will need to consider how this will impact their company’s stock.

Fink’s letter is more than a report to CEOs. It is an implicit threat: be woke or else.

In their recent book on the Great Reset, Schwab and Malleret pit “stakeholder capitalism” against “neoliberalism,” defining the latter as “a corpus of ideas and policies . . . favouring competition over solidarity, creative destruction over government intervention, and economic growth over social welfare.” In other words, “neoliberalism” refers to the free enterprise system. In opposing that system, stakeholder capitalism entails corporate cooperation with the state and vastly increased government intervention in the economy.

Proponents of the Great Reset hold “neoliberalism” responsible for our economic woes. But in truth, the governmental favoring of industries and players within industries—what used to be known as corporatism or economic fascism—has been the real source of what Schwab and his allies at the WEF decry.

While approved corporations are not necessarily monopolies, the tendency of the Great Reset is toward monopolization—vesting as much control over production and distribution in as few favored corporations as possible, while eliminating industries and producers deemed non-essential or inimical. To bring this reset about, Schwab writes, “[e]very country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.”

Another way of describing the goal of the Great Reset is “capitalism with Chinese characteristics”—a two-tiered economy, with profitable monopolies and the state on top and socialism for the majority below.

Several decades ago, as China’s growing reliance on the for-profit sectors of its economy could no longer be credibly denied by the Chinese Communist Party (CCP), its leadership approved the slogan “socialism with Chinese characteristics” to describe its economic system. Formulated by Deng Xiaoping, the phrase was meant to rationalize the CCP’s allowance of for-profit development under a socialist political system. The CCP considered the privatization of the Chinese economy to be a temporary phase—lasting as long as 100 years if necessary—on the way to a communist society. Party leaders maintain that this approach has been necessary in China because socialism was introduced too early there, when China was a backward agrarian country. China needed a capitalist booster shot.

Stripped of its socialist ideological pretensions, the Chinese system amounts to a socialist or communist state increasingly funded by capitalist economic development. The difference between the former Soviet Union and contemporary China is that when it became obvious that a socialist economy had failed, the former gave up its socialist economic pretenses, while the latter has not.

The Great Reset represents the development of the Chinese system in the West, but in reverse. Whereas the Chinese political class began with a socialist political system and then introduced privately held for-profit production, the West began with capitalism and is now implementing a Chinese-style political system. This Chinese-style system includes vastly increased state intervention in the economy, on the one hand, and on the other, the kind of authoritarian measures that the Chinese government uses to control its population.

Schwab and Malleret write that if “the past five centuries in Europe and America” have taught us anything, it is that “acute crises contribute to boosting the power of the state. It’s always been the case and there is no reason it should be different with the COVID-19 pandemic.”

The draconian lockdown measures employed by Western governments managed to accomplish goals of which corporate socialists in the WEF could only dream—above all, the destruction of small businesses, eliminating competitors for corporate monopolists favored by the state. In the U.S. alone, according to the Foundation for Economic Education, millions of small businesses closed their doors due to the lockdowns. Yelp data indicates that 60 percent of those closures are now permanent. Meanwhile companies like Amazon, Apple, Facebook, and Google enjoyed record gains.

Other developments that advance the Great Reset agenda have included unfettered immigration, travel restrictions for otherwise legal border crossing, the Federal Reserve’s unrestrained printing of money and the subsequent inflation, increased taxation, increased dependence on the state, broken supply chains, the restrictions and job losses due to vaccine mandates, and the prospect of personal carbon allowances.

Such policies reflect the “fairness” aspect of the Great Reset—fairness requires lowering the economic status of people in wealthier nations like the U.S. relative to that of people in poorer regions of the world. One of the functions of woke ideology is to make the majority in developed countries feel guilty about their wealth, which the elites aim to reset downwards—except, one notices, for the elites themselves, who need to be rich in order to fly in their private jets to Davos each year.

The Great Reset’s corporate stakeholder model overlaps with its governance and geopolitical model: states and favored corporations are combined in public-private partnerships and together have control of governance. This corporate-state hybrid is largely unaccountable to the constituents of national governments.

Governance is not only increasingly privatized, but also and more importantly, corporations are deputized as major additions to governments and intergovernmental bodies. The state is thereby extended, enhanced, and augmented by the addition of enormous corporate assets. As such, corporations become what I have called “governmentalities”—otherwise private organizations wielded as state apparatuses, with no obligation to answer to pesky voters. Since these corporations are multinational, the state essentially becomes globalist, whether or not a one-world government is ever formalized.

As if the economic and governmental resets were not dramatic enough, the technological reset reads like a dystopian science fiction novel. It is based on the Fourth Industrial Revolution—or 4-IR for short. The first, second, and third industrial revolutions were the mechanical, electrical, and digital revolutions. The 4-IR marks the convergence of existing and emerging fields, including Big Data, artificial intelligence, machine learning, quantum computing, genetics, nanotechnology, and robotics. The foreseen result will be the merging of the physical, digital, and biological worlds, which presents a challenge to the ontologies by which we understand ourselves and the world, including the definition of a human being.

There is nothing original about this. Transhumanists and Singularitarians (prophets of technological singularity) such as Ray Kurzweil forecasted these and other revolutionary developments long ago. What’s different about the globalists’ vision of 4-IR is the attempt to harness it to the ends of the Great Reset.

If already existing 4-IR developments are any indication of the future, then the claim that it will contribute to human happiness is false. These developments include Internet algorithms that feed users prescribed news and advertisements and downrank or exclude banned content; algorithms that censor social media content and consign “dangerous” individuals and organizations to digital gulags; “keyword warrants” based on search engine inputs; apps that track and trace COVID violations and report offenders to the police; robot police with scanners to identify and round up the unvaccinated and other dissidents; and smart cities where residents are digital entities to be monitored, surveilled, and recorded, and where data on their every move is collected, collated, stored, and attached to a digital identity and a social credit score.

In short, 4-IR technologies subject human beings to a kind of technological management that makes surveillance by the NSA look like child’s play. Schwab goes so far as to cheer developments that aim to connect human brains directly to the cloud for the sake of “data mining” our thoughts and memories. If successful, this would constitute a technological mastery over decision-making that would threaten human autonomy and undermine free will.

The 4-IR seeks to accelerate the merging of humans and machines, resulting in a world in which all information, including genetic information, is shared, and every action, thought, and motivation is known, predicted, and possibly precluded. Unless taken out of the hands of corporate-socialist technocrats, the 4-IR will eventually lead to a virtual and inescapable prison of body and mind.

In terms of the social order, the Great Reset promises inclusion in a shared destiny. But the subordination of so-called “netizens” implies economic and political disenfranchisement, a hyper-vigilance over self and others, and social isolation—or what Hannah Arendt called “organized loneliness”—on a global scale. This organized loneliness is already manifest in lockdowns, masking, social distancing, and the social exclusion of the unvaccinated. The title of the Ad Council’s March 2020 public service announcement—“Alone Together”—perfectly captures this sense of organized loneliness.

In my recent book, Google Archipelago, I argued that leftist authoritarianism is the political ideology and modus operandi of what I call Big Digital, which is on the leading edge of a nascent world system. Big Digital is the communications, ideological, and technological arm of an emerging corporate-socialist totalitarianism. The Great Reset is the name that has since been given to the project of establishing this world system.

Just as Schwab and the WEF predicted, the COVID crisis has accelerated the Great Reset. Monopolistic corporations have consolidated their grip on the economy from above, while socialism continues to advance for the rest of us below. In partnership with Big Digital, Big Pharma, the mainstream media, national and international health agencies, and compliant populations, hitherto democratic Western states—think especially of Australia, New Zealand, and Austria—are being transformed into totalitarian regimes modeled after China.

But let me end on a note of hope. Because the goals of the Great Reset depend on the obliteration not only of free markets, but of individual liberty and free will, it is, perhaps ironically, unsustainable. Like earlier attempts at totalitarianism, the Great Reset is doomed to ultimate failure. That doesn’t mean, however, that it won’t, again like those earlier attempts, leave a lot of destruction in its wake­—which is all the more reason to oppose it now and with all our might.

Another interesting article from today which lists names of the elite cretins in play:

The Next Step for the World Economic Forum
https://noqreport.com/2022/02/...orld-economic-forum/

This message has been edited. Last edited by: bald1,

A few years ago I thought the great reset was just another Alex Jones conspiracy topic. How things have changed for so many of us.

quote:

Originally posted by Graniteguy:
A few years ago I thought the great reset was just another Alex Jones conspiracy topic. How things have changed for so many of us.

Indeed. Just one of several reasons I posted this to share.

Glenn Beck has a good new book out on the subject.

Say what you will about the guy, he does his research.

^

World leaders who have trained at the World Economic Forum



Last month, 2017 footage of World Economic Forum (WEF) head Klaus Schwab resurfaced in which he boasts of having 'penetrated' various governments through its Young Global Leaders program. The clip is notable because the WEF - known best for its annual gathering of the global elite in Davos - has been openly pushing for digital IDs and vaccine passports, while leaders of said governments continue to impose Orwellian vaccine mandates which have resulted in widespread protests for medical freedom.

"I have to say, when I mention now names, like Mrs. (Angela) Merkel and even Vladimir Putin, and so on, they all have been Young Global Leaders of the World Economic Forum ... But what we are very proud of now is the young generation like Prime Minister (Justin) Trudeau … We penetrate the cabinets."

"So yesterday I was at a reception for Prime Minister Trudeau and I know that half of his cabinet, or even more than half of his cabinet, are actually Young Global Leaders." -Klaus Schwab

Other notable Young Global Leaders include: New Zealand Prime Minister Jacinda "this will never end" Ardern, French President Emmanuel Macron, and other high ranking officials from Germany, Finland, Greece, the Netherlands and Denmark. It might even explain Pete Buttigieg's odd success-to-competence ratio.

Enter the pandemic

Three years after Schwab bragged about having 'penetrated cabinets' of world governments, he wrote in a June 2020 publication titled Now is the time for a 'great reset' how the pandemic presented a "rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future."

Then in May 2021, the WEF acknowledged that "The Forum is involved in the WHO task force to reflect on those [vaccine credential requirements] standards and think about how they would be used."

And so, given the WEF's "infiltration" - people have begun asking questions over the group's influence in current events.



Much more at link:

https://www.zerohedge.com/covi...ading-disinformation

The Real ‘Reset’ Is Coming

Victor Davis Hanson

https://www.theepochtimes.com/...K%2FKKkGlQ9uE5SOqqbr

President Joe Biden believes the Ukraine war will mark the start of a “new world order.” In the middle of the COVID global pandemic, Klaus Schwab and global elites likewise announced a “great reset.”

Accordingly, the nations of the world would have to surrender their sovereignty to an international body of experts. They would enlighten us on taxes, diversity, and green policies.

When former President Donald Trump got elected in 2016, marquee journalists announced partisan reporting would have to displace the old, supposedly disinterested approach to the news.

There is a common theme here.

In normal times progressives worry that they do not have public support for their policies. Only in crises do they feel that the political Left and media can merge to use apocalyptic times to ram through usually unpopular approaches to foreign and domestic problems.

We saw that last year: fleeing from Afghanistan, the embrace of critical race theory, trying to end the filibuster, pack the court, junk the Electoral College, and nationalize voting laws.

These “new orders” and “resets” always entail far bigger government and more unelected, powerful bureaucracies. Elites assume that their radical changes in energy use, media reporting, voting, sovereignty, and racial and ethnic quotas will never quite apply to themselves, the architects of such top-down changes.

So we common folk must quit fossil fuels, but not those who need to use corporate jets. Walls will not mar our borders but will protect the homes of Nancy Pelosi, Mark Zuckerberg, and Bill Gates.

Hunter Biden’s lost laptop will be declared, by fiat, not news. In contrast, the fake Alfa Bank “collusion” narrative will be national headline news for weeks.

Middle class lifestyles will be curbed as we are instructed to strive for sustainability and transition to apartment living and mass transit. But the Obamas will still keep their three mansions, and Silicon Valley futurists will insist on exemptions for their yachts.

In truth, we are about to see a radical reset—of the current reset. It will be a different sort of transformation than the elites are expecting and one that they should greatly fear.

The world and the United States are furious over hyperinflation that may soon exceed 10 percent per year. We will be lucky if it ends only in recession or stagflation, rather than a global depression.

The mess was created by the same apparat who bought into “modern monetary theory.” That silly university idea claimed prosperity would follow vastly expanding the money supply, keeping interest rates at de facto zero levels, running huge annual deficits, piling up unsustainable national debt, and subsidizing workers to stay home.

Natural gas and oil costs are now soaring to unsustainable levels—and to the point where the middle class simply will not be able to travel, keep warm in winter, or cool in summer.

Both in Europe and the United States left-wing governments deliberately curbed drilling and non-Russian pipelines. They shut down nuclear power plants and subsidized costly, inefficient solar and wind projects. They ended up not with utopia, but with fuel shortages, high prices, and energy dependency on the world’s most repressive regimes.

The woke revolution in the West was supposed to teach us that the “white male”-dominated Western world is toxic. Its origins, ascendence, and current leisure and affluence were supposedly due only to systemic exploitation, racism, and sexism.

Elites introduced cancel culture, doxxing, deplatforming, and social ostracism to shame these supposed exploiters and to destroy their lives and careers.

Few asked how a supposedly noxious West of some 2,500 years duration became the number one destination of millions of global non-Western migrants and offered the greatest degree of global prosperity and freedom for its citizens.

So a reset reckoning is coming—in reaction to the “new orders” championed by Biden and the Davos set.

In the November 2022 midterms, we are likely to see a historic “No!” to the orthodox left-wing agenda that has resulted in unsustainable inflation, unaffordable energy, war, and humiliation abroad, spiraling crime, racial hostility—as well as arrogant defiance from those who deliberately enacted these disastrous policies.


What will replace it is a return to what until recently had worked.

Closed and secure borders with only legal and measured immigration will return. Americans will demand tough police enforcement and deterrent sentencing, and a return to integration and the primacy of individual character rather than separatist fixations on the “color of our skin.”

The public will continue to tune out of the partisan and mediocre “mainstream” media. We will see greater increased production of oil and natural gas to transition us slowly to a wider variety of energy, strong national defense, and deterrent foreign policies.

The prophets of the new world order sowed the wind and they will soon reap the whirlwind of an angry public worn out by elite incompetence, arrogance, and ignorance.

Just as the global pushback on COVID restrictions increased a new catastrophe emerged and COVID fell to the wayside.

quote:

Rahm Emanuel: You never want a serious crisis to go to waste

https://youtu.be/1yeA_kHHLow

Create a crisis if one doesn't happen on your watch.

quote:

The Real ‘Reset’ Is Coming

Victor Davis Hanson

https://www.theepochtimes.com/...K%2FKKkGlQ9uE5SOqqbr

God willing...Let's hope so!

There's an English guy named David Icke who, if you ignore the more outlandish parts of his spiel, has been talking and 'youtubing' about Schwab, Soros and the rest of the NWO/Great Reset/World Economic creeps for a while.

Like I said, if you can get past the 'Reptilian, Shape-shifting, Illuminati BS, he's pretty much on the mark.

Those articles provide good perspective and it's nice to see hope in the latter.

Covid news has now transitioned to Ukraine (world war) and more recently food crisis. News articles talk about high costs of fertilizer and herbicides, supply chain issues, and bird flu causing chicken farms to be 'depopulated', and more. Is all this fear porn and we'll only see some inflation in food costs, or is this significant and we'll see extreme prices and shortages?

Interesting reading. I’m currently reading Orwell’s 1984. We’re all familiar with the concept of the book, but I for one, had never actually read it. Lots of references to it the last two years, but there was one important thing missing for anything like the world of Big Brother to be forced upon Western society; nuclear war…Wait!

quote:

Originally posted by bryan11:
Those articles provide good perspective and it's nice to see hope in the latter.

Covid news has now transitioned to Ukraine (world war) and more recently food crisis. News articles talk about high costs of fertilizer and herbicides, supply chain issues, and bird flu causing chicken farms to be 'depopulated', and more. Is all this fear porn and we'll only see some inflation in food costs, or is this significant and we'll see extreme prices and shortages?

If you have even a few square feet of dirt on your property, plant a garden. You have some fresh vegetables if you do it right. You also have a source of some food that isn’t tied to “supply chain disruptions” and won’t be affected by inflation.

This entire thing is nothing new.

When people become rich, they often become enamored of their own success - thinking their superior management skills are the reason, and if they are successful in managing a business, they will be successful in managing a country, or the world. It's hubris.

Almost every generation of industrialists decides they know better, build foundations, influence government, and lament that if only THEY were in charge the world would be a much better place.

The worst thing you can do to a rich person, is make them a poor person, so the first order of business is to use government influence to restrict competition and consolidate their power into oligopolies or monopolies with high barriers to entry for new competitors. Government regulation is key to this, especially environmental regulation. Look at cars, trucks, and engines - it is very difficult to start up a new company and have the ability to meet all the emissions regulations, and all the other regulations too. The industry has consolidated immensely.

The impediment to all of their grand plans is simple - they have to get elected to office - and most can't. Bloomberg tried and failed miserably. Gates would never get elected, nor would Zuckerberg, and so on. Trump did, and Musk perhaps could, but only because they go against this grain.

So the industrialists have to create a system where they can exert power without having to be elected. And right now the ideal system in the world is China - single party government that can do whatever it wants without worrying about elections, a big capitalist market that allows them to get even richer, and the ability to collude with the government for mutually beneficial outcomes (for the gov't and industrialists, not necessarily the people). So that's the system they want.

I believe a financial reset will be taking place, to the detriment of large financial institutions, particularly hedge funds, who donate heavily to politicians. Do an Internet search of Kenneth Griffin, who owns hedge fund Citadel (no, Republicans are not our financial friends, either). Part of the new world order theory is a regulated digital currency. Once that could be instituted, governments could control your spending. A way to mitigate this attempt at instituting digital currency could be a financial reset.

A financial reset could involve the fall of the large financial institutions via stock market trading. Several hedge funds have tried to "short" businesses out of existence, to the benefit of the hedge funds not having to buy back stocks they've sold in those companies. If you'd like to research, some of the companies include AMC Entertainment (who recently invested in gold and silver mining company Hycroft), Gamestop Inc., Bed, Bath & Beyond, Overstock.com, etc.

Investors who caught on to the hedge funds' scheme started investing in these companies to prevent their bankruptcies. When the hedge funds are forced to buy back shares they borrowed from institutions, they will have to buy back from the stockholders. If the stockholders do not sell their shares at low prices, it is predicted the share prices will skyrocket. Thus, bankrupting the hedge funds and other financial institutions that bet against the companies they tried to bankrupt. This, hopefully, will cause a redistribution of wealth from the financial institutions to the shareholders.

Tagged to copy a share.

Hillsdale College is 3 blocks from our store. Our family has had a long association with them. Two of our children are alums of their K-12 private school. we regularly attend their Center for constructive Alternatives (CCA) seminars on campus.

If you would like to see the videos of the above speech as well as the rest of those from CCA II for 2021-22 you can view them here.

quote:

Originally posted by Lefty Sig:
This entire thing is nothing new.

When people become rich, they often become enamored of their own success - thinking their superior management skills are the reason, and if they are successful in managing a business, they will be successful in managing a country, or the world. It's hubris.

*snip*

Well written and spot on.

I should add - prior to the civil war, the U.S. was largely a country of individual producers. Mostly farming and small business.

Then came the industrial revolution, the rise of the great industrialists and their fortunes, massive immigration to provide cheap labor, urbanization of the poor, and the "progressive" movement that revolved around eugenics, population control, and government by technocratic bureaucracy. Guess who funded the "progressives"? Those big industrialist benefactors and their foundations.

And at the same time the dual system of elite schools (New England Boarding Schools and Ivy League Universities) and "factory" public schools (really just immigrant indoctrination centers) ensured a two-class systems of elites and everyone else.

Deja vu all over again?