WEF’s ‘Great Reset’ Holds Grave Consequences for Economy
We’ve seen how state governments have reacted to the COVID-19 pandemic. We’ve also seen what endless lockdowns and Fed intervention can do to the economy.
Big entities promote an endless series of interventions, packaged and sold to make them seem like they’re good for the U.S. economy (or you).
Not to be outdone by state governments or the Fed, now it appears the World Economic Forum (WEF) wants to promote some intervention of their own. According to their white paper titled Resetting the Future of Work Agenda, it appears that the WEF wants to intervene in economies around the world, including the U.S.
The report’s overall theme seems to reveal how the WEF wants to leverage the COVID-19 pandemic as a starting point for a post-pandemic future.
From the report’s Introduction, we can read some of their intervention’s packaging, under the moniker of a Great Reset:
As part of The Great Reset needed to support the transition to a fairer, more sustainable post-COVID world, companies have a responsibility, and a rare opportunity, to rethink their organizational and workplace structures to invest in their workforces as core drivers of long-term resilience and future success.
Of course, any company can rethink their structure at their leisure. They don’t need a Great Reset to do so. Aside from that, the WEF’s packaging of their idea seems decent, when taken at face value. Few people would argue that “a fairer, more sustainable post-COVID world” sounds like a bad idea.
Unfortunately, like most interventions by Congress and other big entities, once you look a little closer, the illusion starts to give way to a clearer, more ominous, picture.
A Peek Under the Hood of the WEF’s ‘Great Reset’
If we return to the WEF’s latest white paper, and take a look at section 1.5 subtitled “Embrace Stockholder Capitalism,” you might get the feeling as though workers are seen as chess pieces:
With the COVID-19 crisis, there has been the opportunity to rapidly redeploy workers from industries facing reduced demand such as airlines and hospitality to sectors experiencing a surge in demand such as food retail and logistics.
Let’s remember that the reduction in demand was not organic — workers in the airline and hospitality sectors didn’t voluntarily choose to be “rapidly redeployed.” Commercial pilots and hotel managers didn’t wake up one morning and decide to quit their jobs and go to work in completely different industries.
In fact, much of the blame can be put on a number of state governors who already intervened during the pandemic, and made the decision to shut down “non-essential” businesses in March. For example, Governor Tom Wolf (D) of Pennsylvania suggested that “non lifesaving businesses in the state [be] close[d] indefinitely.”
Those interventions also appeared at least partly responsible for creating the redeployment of workers the WEF describes.
But perhaps more shocking, the WEF thinks it’s OK that some of these crisis responses be made permanent.
The Economic Policy Journal shared some highlights that would most certainly affect the already uncertain U.S. economy:
- Temporarily reduced workforce – this is projected as affecting 28% of the population. It is an additional unemployment figure, in disguise, as the “temporarily” will never come back to full-time.
- Permanently reduce workforce – 13% permanently reduced workforce.
- About 50% of all tasks are planned to be automated – in other words, human input will be drastically diminished, even while remote working.
The problem the WEF is promising to solve with their intervention into “the future of work” appears to have been outlined in an older report…
They think the COVID-19 recession will eventually be “twice as bad as the 2009 financial crisis.” Who knows exactly how this will play out, but interventions from “big entities” like the WEF seem to follow a similar pattern:
- Choose an outcome
- Identify a problem
- Provide a “solution” that results in the desired outcome
- Try to convince everyone the outcome the WEF desires is good for them
But like most interventions by politicians, lawmakers, the Fed, and other entities, their “solution” usually doesn’t solve the problem, and often makes it worse.
And in the WEF’s case, their Great Reset intervention might not be wanted at all. Do those Americans who find themselves among the “13% permanently reduced workforce” have a say in this? What will happen to the temporarily-remote workers who find 50% of their tasks automated — will they return to their workplaces with an offer of half as many hours, with half as much pay?
You can see the risks this Great Reset poses to the jobs, the incomes, and worst of all the futures of millions of Americans. Yet what can we do to keep ourselves, our families, and our way of life secure in the midst of these powerful forces?
Consider Making Your Retirement ‘Intervention Proof’
Like Brandon Smith wrote: “Their plan relies on our panic.”
So, it could be a good idea to consider taking back control of your financial future from the entities like the WEF that keep intervening with their schemes to permanently downsize the American workforce and reduce incomes. We may not be able to control the WEF, but we can control our own savings and retirement plans.
Harry Markowitz, winner of the Nobel Prize in economics, told us, “diversification is the only free lunch” in saving and investing. That could include a physical asset like gold or silver. They have been shown to protect your retirement especially during times of economic uncertainty, stock market volatility, and rising inflation — while also protecting your privacy, in case the WEF’s plans get more invasive.
This is one move you can make today that may help protect you, your family, and your way of life from globalist economic intervention.
Peter Reagan is a financial market strategist at Birch Gold Group. As the Precious Metal IRA Specialists, Birch Gold helps Americans protect their retirement savings with physical gold and silver. Discover more by clicking here now.
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