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WEF Davos 2023 What The Elites Are Planning
What Plans Do They Have For Us
Guy of CoinBureau.com does a great job of laying out what went on this year at the Davos meetup.
https://youtu.be/uuWkQyVzsKs
WEF Davos 2023: Everything The Elites Are Planning!!
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176,061 views Jan 29, 2023
🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ 👕 My Merch Store 👉https://store.coinbureau.com 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ ~~~~~ 📺Essential Videos📺 Davos 2022 Summary 👉 https://youtu.be/I6lma4DXqok Young Global Leaders 👉 https://youtu.be/6o02uGWuMD0 Online Censorship Incoming 👉 https://youtu.be/6-GO8QMM-sI Worldcoin Explained 👉 https://youtu.be/Ynmz6Voy378 WEF Synthetic CBDCs 👉 https://youtu.be/JZRDwS6ACHc ESG And Cryptocurrency 👉 https://youtu.be/zVxiFEzCp2U Circle USDC Updates 👉 https://youtu.be/V0n8D-YlLsg WEF Pandemic Digital ID 👉 https://youtu.be/uwRSzNTp2ko SBF Epstein Connections 👉 https://youtu.be/l0VUdbS4a0I ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Davos 2023 Schedule: https://www.weforum.org/events/world-… ► Welcoming Remarks: https://www.weforum.org/events/world-… ► Global Collaboration Village: https://www.weforum.org/events/world-… ► The Metaverse: https://www.weforum.org/events/world-… ► Building The Metaverse: https://www.weforum.org/events/world-… ► Disinformation: https://www.weforum.org/events/world-… ► Distrust: https://www.weforum.org/events/world-… ► Tackling Harm: https://www.weforum.org/events/world-… ► Monetary Policy: https://www.weforum.org/events/world-… ► Recession: https://www.weforum.org/events/world-… ► Bill Gates: https://www.weforum.org/events/world-… ► Cryptocurrency: https://www.weforum.org/events/world-… ► Tokenized Economy: https://www.weforum.org/events/world-… ► Economic Outlook: https://www.weforum.org/events/world-… ► UN Address: https://www.weforum.org/events/world-… ~~~~~ – TIMESTAMPS – 0:00 Intro 0:44 Klaus Speech, Davos Themes 4:04 Global Collaboration Village 7:10 The Metaverse 9:13 Building the Metaverse 11:29 Disinformation 15:15 Decline in Trust 19:30 Safety (Censorship) 21:44 CBDCs 25:08 Central Banks 28:14 Recession 32:22 Cryptocurrency 36:09 Tokenized Economies 39:11 Economic Outlook 43:58 Great Reset Failing? ~~~~~ 📜 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. #Davos #WEF #Forum
WEF Davos 2023 What The Elites Are Planning
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FULL VIDEO TRANSCRIPT
0:00last week thousands of soldiers were deployed to protect three thousand of0:05the world’s most powerful people who were gathered in Davos Switzerland they0:10were there for the world economic forum’s annual conference to discuss the future of the planet without input from0:17us plebs of course the event featured dozens of discussions which revealed what the elites are0:24planning for 2023 so today I’m going to summarize the most important Davos0:30discussions explain why they’re so significant and tell you exactly what it all means for you this is a video you do0:38not want to miss0:43as with all previous Davos conferences the event began with a brief speech from0:49World economic Forum or weft founder and chairman Klaus Schwab who’s been likened0:55to a real-life Bond villain he certainly sounds a lot like Stromberg from the spy who loved me and the1:01reflective jumpsuits worn by the henchman sorry Swiss soldiers guarding the event only made the whole vibe that1:08much more accurate maybe that was deliberate who knows anyway Klaus started his speech by1:16revealing the theme of this year’s Davos conference which was quote cooperation in a fragmented world1:24Klaus went on to describe all the different crises the world is facing in1:29a way that sounds like they were intentionally caused by the weft I’m not1:34exaggerating Klaus went on to imply that these crises Were Somehow part of his Infamous fourth1:42Industrial Revolution and said that the wefts so-called stakeholders need to turn these crises into opportunities1:50note that the wefts stakeholders are its members all famous and powerful people1:57after his speech Klaus introduced Alam Bessette the president of Switzerland2:02who revealed that the quote post-war order is experiencing its greatest2:07crisis for context the post-war order is a reference to the aftermath of World War2:12II where the United States and its allies gradually took over much of the world Allah also said that populism around the2:20world is increasing due to the rising cost of living and said that quote this2:25growing inequality creates issues for us consider that us means the wefts2:31stakeholders now I take this as a tacit admission that the weft knows it is2:38becoming increasingly unpopular on that note many headlines highlighted the fact2:43that the relevance of the weft appears to be fading as a result of this unpopularity it’s believed that the2:51wefts unpopularity is why some powerful people who had previously attended the2:56Davos conference decided not to come this year glad they got the message3:01now the discussions at this year’s Davos conference were supposed to cover five3:07key themes the climate and energy crisis the economy new technologies changing3:13the way we do work and addressing the current geopolitical risks not3:18surprisingly these weren’t exactly the actual themes based on my assessment of3:23the discussions most of them focused on a different set of key themes including metaverse control online censorship and3:32financial centralization so I’ll be focusing on these themes today along3:37with cryptocurrency because I know you all want to hear what the weft said about that note that you can find our3:45coverage of last year’s Davos conference in the description I suggest checking it out after this video to see how much it3:52contrasts with this year’s DeVos conference it seems that the speakers were a lot tamer in their rhetoric due3:59to public scrutiny of the weft more about that later now let’s start with the metaverse which4:06had three discussions devoted to it the most significant of these was about the4:11wefts so-called Global collaboration Village a metaverse for the elite which4:16is being built by the weft in partnership with Microsoft and consulting company Accenture4:23the discussion about the Virtual Village featured Klaus Accenture CEO Julie sweet4:28and Microsoft president Brad Smith the discussion was moderated by Adrian Monk4:34a managing director at the weft now this is interesting because almost all the4:40other discussions were moderated by the mainstream media Klaus started off by4:45saying that the wefts metaverse is a quote dream come true because it allows the weft to focus on a quote bottom-up4:51instead of top-down influence this immediately reminded me of how the4:57weft is using young global leaders and Global Shapers to ensure the great reset5:03occurs speaking of which most of the people in the audience who are asking questions during these panel discussions5:10were young global leaders and Global Shapers according to Klaus there are5:15more than ten thousand of them working their ways into positions of power and some quite likely near where you live5:23more about that in the description moving on Klaus went on to reveal that there’s5:30already a Consortium of more than 80 so-called Village Partners which of course includes lots of other unelected5:37and unaccountable international organizations Klaus finished by saying that he hopes The Village will increase5:44the impact of the wefts agenda the next ago was Julie and she said that5:50Accenture expects the value of the metaverse to grow to more than one5:55trillion dollars by 2025. this is primarily because of adoption by6:01Enterprise and Industrial focused firms that will use the metaverse to train employees which to be fair is pretty6:08awesome what’s not so awesome however is that Accenture also hopes that the metaverse6:14will become a key component in the education of children now call me crazy6:20but I don’t think putting children in Virtual Worlds from a young age is a6:25good idea especially if the curriculum is coming from a weft Affiliated institution in any case Brad was the6:33last panelist to a pine and he spent most of his time talking about how he hopes The wefts Village will have no6:39borders and will onboard essentially everyone on the planet this made me wonder whether the wefts new end game is6:46to push everyone into its dystopian metaverse funnily enough one of the audience questions was about how the6:53weft will address the fact that nobody trusts institutions like the weft and6:58will therefore view the village with suspicion Klaus said that the weft will ensure that the village is governed to7:05maximize the safety of its inhabitants yikes now the second metaverse discussion was7:12titled quote how to build a metaverse for all it featured moderator Kirsten7:18salier the wefts head of editorial strategy AKA propaganda Kathy Lee the head of the wefts shaping7:25the future of media initiative suyat the co-founder of animoka Brands and Huda7:31al-hashimi Deputy Minister for strategic Affairs of the United Arab Emirates7:37Kathy started off by revealing that the weft is working with over 100 companies7:42to make the metaverse accessible to everyone she revealed that the wefts metaverse7:48initiative was launched last May and it focuses on the quote governance of the7:53metaverse and the metaverse economy if that wasn’t concerning enough Kathy then7:59explained that the metaverse is not the wefts end game as far as digitization goes she failed to explain what exactly8:06the wefts endgame is in this department and I suspect it’s to have microchips in8:12all of our brains so that we can all be controlled in the name of safety what’s amazing is that Sue repeatedly pushed8:18back against the excessive control the weft is not so subtly seeking in the metaverse he warned that if property8:25rights in the metaverse are not guaranteed then nobody will invest in it or use it8:31this is something the weft and its Affiliates don’t seem to understand as8:36for Huda she likewise seemed opposed to the idea that the metaverse requires a8:41close partnership between the public sector and private sector she argued that Regulators should be more like8:48referees and that it should ultimately be up to the communities to set more specific rules and standards Huda also8:56expressed concern about the effects that spending too much time in the metaverse could have on Mental Health this ties9:03into what I said a few moments ago about it not being a good idea to stick children in the metaverse from the9:09moment they have the capacity to put on a VR headset now whereas the second panel discussed9:15how to build a metaverse for all the third panel discussed how to actually build the metaverse this panel was aptly9:23titled a new reality building the metaverse and it featured the following personnel Nicholas Thompson the CEO of9:31mainstream Media Company the Atlantic as moderator of course Chris Cox the chief9:36product officer of meta Enrique Loris the CEO of HP Paula ingebyer the Rwandan9:43Minister for information and Neil Stevenson the author of snow crash who coined the term metaverse in that very9:50book now to be honest this panel discussion was actually pretty good in retrospect I9:57think it’s because it wasn’t scripted at least not to the extent of the other panel discussions I noticed that10:02panelists on other discussions were constantly checking notes perhaps they were instructed to stay uncontroversial10:10regardless Neil was the first panelist to speak he explained that his idea for10:16the metaverse came from Imagining the cost of video game Hardware coming down exponentially he revealed that he’s10:24working on an open source metaverse blockchain and insisted on decentralized10:29and interoperable digital IDs Chris was the next to take the mic and he revealed10:34that the reason why Graphics in the metaverse suck is because of concurrency issues in plain English it’s hard to10:41have good graphics in a virtual world with thousands of people and apparently there’s a limit to how much better10:47Hardware can help not surprisingly Chris pushed back against Neil’s claims that10:52the metaverse should be open source and decentralized arguing that centralization is required for privacy10:58and safety surprisingly Enrique seemed to side with Neil probably because meta is building11:05metaverse Hardware following Paula’s pondering about all the wonderful things the metaverse could11:10be used for the weft’s own metaverse Mastermind Kathy Lee randomly appeared11:15on stage to reveal that the panelists were a part of the wefts so-called defining and building the metaverse11:22initiative that I mentioned earlier what a way to ruin an otherwise positive panel discussion11:28now when it came to the wefts discussions around online censorship there were also three panels and the11:34first two appear to have taken place back to back the first panel was bluntly titled quote11:40the clear and present danger of disinformation and it featured everyone you’d expect11:46the moderator was former CNN anchor Brian stelter who was fired last summer for being so unpopular the panelists11:53were Arthur Greg salzburger the chairman of the New York Times Vera Jova a vice11:59president at the European commission who was instrumental in putting together its recently passed censorship laws12:05Gene Borgo the CEO of interview and a U.S politician named Seth Moulton12:12Bryant started by telling everyone to tweet about the weft with a certain hashtag to ensure that quote real12:18information gets out there then Arthur admitted that disinformation lies at the12:24core of every problem the weft is trying to solve in other words stop repeating12:29what we say with additional context Arthur went on to admit that distrust in12:34institutions is the most dangerous threat to the extreme centralization the weft is seeking I’m paraphrasing of12:41course Arthur also stressed that the only way to fix the issues of disinformation and12:47distrust are for governments to partner with mainstream media if you watched our video about online censorship you’ll12:54know that’s basically what the EU is doing with its Digital Services Act in the panel Vera explained that13:01removing content in the name of disinformation would be wrong which is why the EU is working with big Tech to13:07make it impossible to find instead Vera also advocated for quote pre-bunking13:12which is where you prevent or discourage people from posting anything that goes against the official narrative13:18she confirmed that the eu’s regulation applies to hate speech and even admitted13:24that 90 of content removal requests are from governments let that sink in ninety13:31percent of content takedown requests on social media come from those in power13:37Vera’s comments seem to have shaken Seth who warned that the EU may be going too13:43far with its online censorship aspirations this says a lot considering Seth is also in favor of online13:49censorship in the name of disinformation he just seems to be more concerned with disinformation affecting his voter base13:55after a few irrelevant comments from Gene Arthur asserted that chat GPT will14:01make disinformation worse this is simply because there will be too much content14:06and too many claims for any person or computer to moderate Arthur’s solution14:12is to give the mainstream media even more powerful tools it was at this point that Jean made a14:18very relevant comment and that’s that the weft and its so-called stakeholders should focus on influencing local media14:25this is because people trust local media more logically then local media must be14:32subservient so that the West’s agendas can be achieved if that wasn’t Sinister enough Vera added that the eu’s Digital14:39Services act will make it next to impossible for fake news outlets to receive any funding Arthur somehow took14:47it a step further by saying that children should be trained from a young age to detect fake news you honestly14:54can’t make this stuff up the panelists essentially concluded that the only solution in the short term is to promote15:00information from trusted sources and suppress everything else this is exactly15:05what the eu’s Digital Services act will do in the event of a crisis it’s awfully15:11convenient that there’s no shortage of crises to choose from now the second panel discussion about online censorship15:17was titled quote disrupting distrust and it featured A peculiar lineup15:23the moderator was Kathleen Kingsbury an opinion editor at the New York Times panelists included Angela Williams the15:31CEO of United Way Richard Edelman the CEO of a company that tracks trust Salah15:37Goss VP for social impact and MasterCard and Helena Laurent the director of15:43consumers International Kathleen started by revealing that the weft is explicitly quote trying to15:49increase trust in stakeholders by now you’ll know that this is code for the powerful individuals and institutions15:56that make up the world economic Forum it seems that our distrust made its way to16:02Richard’s database because he revealed non-governmental organizations like the weft cease to be the most trusted16:08institutions after the pandemic began Richard claims that the decline in trust16:14is due to economic conditions which is insane and demonstrably false if you watched our aforementioned video about16:21online censorship you’ll know the decline in trust is due to unprecedented pandemic restrictions and their shifting16:27justifications economic conditions I mean really the stock market was rallying and everyone was getting stimi16:34checks Richard went on to reiterate that trust has gone local meaning that most people16:41trust their local institutions more than National or International ones he then16:47emphasized that economic inequality is driving distrust this makes me wonder if16:53this is why the elites want Universal basic income so badly now unfortunately16:58Ubi is a topic for another time but if you want to know my take you can check out our video about worldcoin the crypto17:05project that’s scanning the eyes of people in developing countries in exchange for tokens that will probably17:11be worth close to nothing once they can actually cash them out anyhow Angela17:16revealed that United Way has been actively engaging with communities to understand why there’s so much distrust17:23oddly enough she couldn’t communicate where exactly the distrust is coming from this tells me that it’s something17:30she either can’t say or the folks at the weft don’t want to hear meanwhile Salah17:37revealed that mastercard’s focus on diversity and inclusion is to make minority groups feel like they can trust17:43the payments company this is pretty disturbing because it suggests that the entire corporate diversity and inclusion17:50pitch has an underlying profit incentive later in the discussion Richard made the17:56Bold claim that the decline in trust in institutions like the weft is due to right-wing propaganda this is a bit odd18:03because by that point the other panelists had made it clear that trust is lowest in minority communities which18:09are not right-wing by their own assessment now the question period was particularly revealing the first18:16question was something along the lines of quote right-wing entities are criticizing ESG investing which is18:22causing distrust of big business big businesses are essentially the only trusted institution left and they’re18:28required for the wefts agenda what do we do the panelists said the answer is to18:35double down on ESG and to try and build trust locally by infiltrating and influencing local institutions18:42presumably with the help of young global leaders and Global Shapers ironically18:47the next question came from a global shaper based in Melbourne Australia she18:53asked the panelists what they can do about increasing the Trust In institutions that do not want to be18:59transparent now I want to say that this is a subtle shot at the weft but if it19:04was well I reckon that young lady wouldn’t have been there in any case the panelists didn’t have a clear answer19:12one of the last questions came from a chap who seemed to be passionate about crypto that’s because he said that19:19cryptocurrencies are trustless and asked whether there was a way trust could be improved with crypto19:25this is where Helena made her only meaningful contribution you can’t fix19:30trust with tech I suppose it all depends on who makes the tech but that’s yet19:36another topic for another time anywho the third panel discussion about online19:41censorship was innocently titled quote tackling harm in the digital era the19:47moderator was pranjal Sharma editor at business world the panelists were Melanie doors the head of the UK’s19:54Communications regulator Vera gerova the censorship tsar of the EU Petra de20:00Sutter the Telecommunications Minister of Belgium and Julie Inman Grant Australia’s e-safety commissioner20:07naturally most of the panel focused on online censorship in the name of Online20:12safety there was no shortage of contradictions such as anonymity online should only be for people in oppressive20:19countries this is contradictory because forcing people to complete kyc to use the Internet is well oppressive20:27there was lots of talk about quote virtual seat belts and quote safety by Design Julie revealed that she used to20:35work at Twitter’s safety department this isn’t something to be proud of given the recent bombshell reports about Twitter20:41safety working with governments to censor information online Julie also revealed that she’s working20:48on establishing e-safety Commissioners around the world and that Canada will be the next country to sign on this is not20:55surprising given that Canada is in the process of passing the most restrictive online censorship laws Julie says these21:02Commissioners will work together and you know I messaged an Aussie mate of mine and he can’t say he remembers21:09voting to have an e-safety commissioner that’s the weft for you and speaking of21:15which Vera then revealed that the eu’s definition of hate speech includes any21:20criticism of ngos like the weft as well as judges it’s almost as if the EU is21:27anticipating lots of lawsuits against excessive censorship by its Digital Services act and will ban any criticism21:34of the eu’s bias legal processes there’s not much to add from the other panelists21:40and I honestly don’t need to you get the point now for financial centralization21:46there were quite a few discussions that fell under this broad umbrella so for now I’ll focus on four and the first was21:53about everyone’s favorite topic Central Bank digital currencies or cbdc’s it21:59seems that even the weft is aware that cbdcs are unpopular this is because the22:05panel was titled quote in the face of fragility Central Bank digital currencies22:10the discussion was moderated by Neha narula who is the director of mit’s22:15digital currency initiative which recently published a report about its progress in developing a digital dollar22:21with the FED other panelists included Leva mostre the CEO of euroclear Le22:27Setia khanyajo the governor of South Africa’s Central Bank Javier Perez tasso22:33the CEO of Swift and the ayaron the governor of the Central Bank of Israel and Julio velarde governor of the22:40Central Bank of Peru Neha started by basically offering her condolences to22:46Julio over the fact that peruvians had been violently protesting against their government for months Julio gave an22:53awkward thank you probably because Central Bank policies may have had an impact on the things that Peruvian22:59citizens are protesting about Julio went on to reveal that the government has been working closely with23:06the IMF to develop a cbdc which is odd given that the bank for international settlements or bis is the international23:13institution that’s been working with most other central banks on cbdcs then23:19again there have been a bunch of independent cbdc trials such as project23:24Icebreaker Amir explained to the panel that project Icebreaker was the first cross-border retail cbdc trial that was23:32completed with the help of the central banks of Norway and Sweden along with Israel what’s interesting is that Amir23:39admitted that it’s been very hard to find people to build cbdc technology23:44this is interesting because I’ve long speculated that the people who are capable of developing digital currencies23:50are building cryptocurrencies and not cbdc’s that’s simply because they can23:55make a lot more money building cryptos and will also be worshiped rather than hated by the average person24:02what’s hilarious is that Neha straight up asked Javier why central banks need24:07the Swift payment system when they can seamlessly send transactions using cbdc’s Javier said that it’s a lot more24:14complicated than it seems and that Swift has been working with the bis on optimizing cbdcs for those unfamiliar24:22euroclear is similar to Swift rather than talk about the technological24:27aspects of cbdc’s lever focused her defense of financial intermediaries on liquidity she explained that Atomic24:34swaps with cbdcs will have lower liquidity than standard cross-border payments fascinating24:41as for La secha all he could say was that cbdc’s seem to be a solution in24:46search of a problem his comments actually made the crypto headlines and he’s not wrong24:52everything that cbdc’s do stable coins could do better which is why central banks seem to be interested in them of24:59late note that the weft has been a big proponent of this so-called synthetic25:04cbdc setup more about that in the description now the second panel about25:09financial centralization was titled what next for monetary policy if you’re25:14wondering why I’m including this panel discussion under Financial centralization it’s because central25:20banks influence interest rates and the FED has been crashing the market with rate hikes25:26the moderator was jumana beseche of CNBC the panelists were Larry Summers from25:32Harvard Swiss National Bank chairman Thomas Jordan Kirsten brathan the CEO of25:37Norway’s largest Financial Services Group and our nervous friend Julio villade the governor of the Central Bank25:44of Peru Thomas started by saying that the Swiss National Bank is committed to25:49Bringing inflation back down if that rhetoric sounds familiar that’s because fed chairman Jerome Powell has been25:55saying the exact same thing this might have something to do with the fact that central banks work together via the bis26:03like many Market analysts Larry claimed he knew inflation was coming since 202126:09and believes that it’s going to continue for quite some time what’s interesting is that the panel seemed to focus on26:16Larry this might have something to do with the fact that he’s a former U.S treasury secretary and was pipped to the26:22post of Fed chair by our old buddy Jerome Powell Larry was asked about whether central banks should change26:29their two percent inflation targets Larry firmly responded no because investors will know that if it’s been26:36changed once then it can be changed again this will undermine The credibility of central banks and lead to26:42hyperinflation what’s funny is that Larry said interest rates will remain higher for longer because of persistent26:49inflation not a moment later Thomas said that the Swiss National Bank is prepared26:55to bring interest rates back to negative territory at a moment’s notice seemingly pivoting on stage in real time27:03jumana took this contradiction as an opportunity to point out that the Swiss National Bank had posted a record loss27:10of a hundred and forty three billion dollars last year for context the Swiss National Bank holds a broad basket of27:17assets including U.S stocks Thomas argued that it would have been worse if27:22it had held U.S bonds that’s because in 2022 U.S bonds saw their worst year27:28since the late 1700s which is absolutely Wild meanwhile Julio revealed that Latin27:35American central banks will probably be pivoting soon this is because they were the first to raise interest rates and27:41they did so aggressively Kirsten didn’t add much to the conversation and admitted that she felt27:47a bit under qualified compared to the other panelists that’s pretty impressive because humility is a rare trait of27:53these so-called stakeholders now the question period was likewise unimpressive which is unfortunate27:59because the questions were actually pretty good the one that stuck out to me was whether there’s a danger of having28:04interest rates too low or in the negative for too long nobody on the panel could provide a clear answer so28:12much for the experts this ties into the third panel about financial centralization which was28:18titled quote staying ahead of a recession the discussion was moderated by Bloomberg editor Francine Lacroix the28:25panel featured Douglas Peterson’s CEO of the s p Axel Lehman chairman of Credit Suisse Laura Char chairwoman of the Hong28:33Kong exchange and Mario centeno governor of the Central Bank of Portugal I remember Laura from last year’s Davos28:39conference she was on an ESG panel with other ESG ideologues like Bank of28:45America CEO Brian Moynahan discussing how they’re not going to give any funding or provide banking services to28:51any companies that don’t comply with ESG the discussion underway axel said that28:57he sees a multi-polar world emerging Laura said that China’s reopening will be bullish Douglas said that there will29:04be a mild recession Mario said that inflation is coming down but central banks will continue to fight it he also29:11said that a tight labor market is why the recession will be mild not surprisingly the panelists all29:18promoted ESG as the obvious answer to every possible economic issue even though it caused the energy crisis29:25you’ll know this if you watched our video about ESG and cryptocurrency and you’ll also know ESG investors care the29:32most about G for governance AKA control in terms of risks Douglas said there are29:39credit risks I.E some big institutions could default on their debts because of higher interest rates Laura said there29:45are lots of geopolitical risks and Mario agreed axel said the biggest risk of all29:51is social unrest in case the Swiss president didn’t make that clear enough now the fourth panel about financial29:58centralization was similarly straightforward it was titled quote financial institutions innovating under30:05pressure and it was moderated by CNBC anchor Steve Cedric the panelists were30:11Ronald o’hanley the CEO of State Street Lynn Martin president of the New York Stock Exchange Dan Shulman the CEO of30:18PayPal Mark susman the CEO of the Bill and Melinda Gates Foundation and Muhammad al-jadan Finance Minister of30:26the Kingdom of Saudi Arabia Steve started by taking a subtle dig at El Salvador over its Bitcoin adoption30:33before giving the stage to the panelists Lin was the first to speak and literally said that extreme Financial30:39centralization is required to protect against unwanted volatility hence why I30:45included this panel under Financial centralization the next to go was Mark who was wearing30:51a pin that many have associated with the wefts great reset agenda in reality the30:57pin is a reference to the United nations’s sustainable development goals or sdgs which are being pushed by the31:04private sector via ESG with the help of the wef more on that later now I must31:11admit that Mark spoke as if he was outright instructing all the institutions present as to what they31:17ought to do regarding the economy the only thing more cringe was watching Dan push the talking point of blockchain not31:25Bitcoin an outright saying that the financial system must control this technology Ronald took a different route31:32because he shed light on the fact that nobody really knows how much debt there31:37is in the financial system or who holds it a little later Ronald was asked a31:42question by a young Global leader in the audience about sustainable Finance one of the many ESG synonyms Ronald said31:50that ESG investing has been hard because most environmentally conscious companies are Grassroots startups that can’t31:57receive massive amounts of funding Ronald also said that Wall Street wants to quote securitize national resources32:05this is code for taking possession of all Land and Sea turning it all into stocks and trading them on stock markets32:12Lin confirmed that natural resources will soon start trading on stock32:17exchanges thanks to the SEC pure evil okay let’s lighten the mood a little bit32:23shall we there were two panel discussions related to cryptocurrency the first was titled quote finding the32:31right balance for crypto Bloomberg News editor Stacy Marie Ismail was the moderator and the panel featured32:37the following not so crypto personnel class not president of the Dutch Central Bank and head of the Global Financial32:44stability board marade McGinnis the EU commissioner for financial stability Brad garlinghouse the CEO of Ripple and32:52Omar Sultan al-olama minister of digital economy of the United Arab Emirates32:58the discussions were predictably anti-crypto what was not predictable33:03however was that even the moderator would be vocally anti-crypto Stacey Marie started by asking how it’s33:10possible that FDX was licensed in Dubai and Omar had to explain that there are33:15multiple levels of Licensing Murray explained that the eu’s upcoming Mica33:20regulations will not stifle Innovation but prevent crypto from becoming a wild west class said that crypto companies33:28are located in quote sunny places with Shady people and said that the FSB would33:34be publishing crypto regulation recommendations by the summer as we’ve seen with the financial action task33:40force or fat F the regulation recommendations made by these unelected and unaccountable international33:46organizations are anything but failing to fall in line typically means that the33:52institution or country faces sanctions or restrictions from Western entities at33:58the same time Brad started blasting Stacy Marie for implying that the UAE has a quote light touch when it comes to34:05crypto regulation Stacy Marie doubled down on her anti-crypto rhetoric by asking Omar whether it was true that 3534:13percent of people in the UAE were affected by the collapse of FTX Omar had34:18no idea where that statistic had come from so the mic was temporarily turned to class who was asked whether the FSB34:26is keeping track of illicit activity in crypto Stacy Marie followed up with Omar34:31by asking him why it is that crypto criminals try to escape to the UAE Omar34:36was stunned Brad butted in to point out that FDX was like Bernie Madoff scheme34:42which had been reported to the SEC before it collapsed but the SEC ignored the warnings for some unknown reason34:48note that FTX founder Sam bankmanfried had met with SEC chairman Gary Gensler34:54on more occasions than with any other regulator class added to the tension by saying35:00there’s a need for Global crypto regulation especially because the crypto industry will actively resist regulation35:06according to him I would invite class to find an industry that’s welcoming of35:11Regulation that’s not controlled by a monopoly that’s paid off politicians after Stacy Marie admitted that she35:18didn’t hold any cryptocurrency it was time for the question period the first question came from someone at chain35:24analysis who asked class whether the fsb’s figures for illicit activity in crypto were being overstated plus35:31implied that chain analysis is understating crypto crime the panel ended with Stacy Marie getting35:38into a spat with Brad over the collapse of the crypto Market she asked when the crypto Market could recover in an35:45intimidating way that motivated Brad to highlight that many tech stocks have crashed more than some cryptos yet you35:52don’t see calls for regulation there now you know why there were almost no crypto35:57headlines about the only purely crypto discussion at Davos coindesk was the36:03only crypto media outlet that covered this discussion and somehow painted it in a neutral light36:09speaking of which the second crypto related panel discussion was moderated by coindesk Chief content officer36:15Michael Casey the discussion was titled quote tokenized economies coming alive and it appears to have been hosted in a36:23sub-optimal venue though it featured the following surprisingly cryptocentric panelists36:28Jeremiah CEO of usdc stablecoin issuer circle36:35CEO of bitcob capital Teemo haraka finland’s minister of transportation and36:41Beryl Lee the co-founder of yield Guild games more about those guys down in the36:46description it’s definitely an interesting crypto project now I couldn’t help but notice Jeremy looking36:52over at Teemo wondering what the hell a Finnish Transportation Minister was36:57doing on a panel about crypto-related tokenization this is because Teemo admitted that he’s not that familiar37:04with crypto or tokenization but was eager to learn well Teemo I know a37:09YouTube channel that can definitely help you with that now as you might have guessed Michael spent quite a bit of time going back and37:16forth with Jeremy Jeremy just explained how circle is tokenizing the most important asset of all which is of37:23course the US dollar Michael went on to press Jeremy about programmability and37:28other stuff the weft seems to love jiriot spent his limited time in the spotlight talking about how Thailand is37:34working on a wholesale cbdc among other mostly irrelevant things and Teemo37:39randomly started calling for clearer crypto regulations and got on with Jeremy about digital ID note that circle37:47is working on digital ID with its verite platform more about that in the description37:52Jeremy also saw eye to eye with Teemo about regulatory Clarity for crypto and37:58the whole time Beryl was just sitting there watching The Exchange in awe during The Question period Jeremy was38:04asked about non-custodial crypto wallets and said something that’s arguably very incorrect Jeremy said that when you have38:12a stable coin or digital ID in a non-custodial wallet then you truly own both assets this is not true because38:20stable coins are centrally controlled and can be frozen by stablecoin issuers at any time digital IDs are likewise38:28connected to government-issued IDs which can be revoked anyway the panel ended with Chariot38:34talking about how he’s been talking with Bill Gates about how to reduce carbon emissions which is all you need to know38:41newsflash over consumption is causing all the environmental issues we’re seeing and over consumption is being38:47incentivized by inflation due to money printing if we had a hard money system38:53that incentivized people to save rather than spend then overconsumption would come down and all the environmental38:59issues the elites claim to want to solve could eventually solve themselves without having to pass a single law or39:06regulation or ESG mandate more about that in the description39:11now I know this video is getting long but there are two more panel discussions that I absolutely must cover the first39:18was titled quote global economic Outlook is this the end of an era it was the39:25final panel discussion at Davos and it was also the longest don’t worry I’ll keep it short39:30the panel was moderated by CNBC anchor Jeff cutmore and featured some of our39:36favorite overlords crystallina georgieva managing director of the IMF Christine39:41Lagarde president of the ECB Bruno Lemaire a French Finance Minister Larry39:46from Harvard and karoda harohiko governor of the bank of Japan Jeff started off with a colorful39:54overview of each panelist for christalina he said she’s concerned about a de-globalizing world for Bruno40:00he said he’s concerned about green energy for Christine he said she is staying the40:05course on fighting inflation for coroda he said he’s fighting the bond market and for Larry he said he’s the former40:12treasury secretary I suppose that’s exciting enough on its own40:17crystallina started by saying that the economy isn’t doing nearly as badly as the IMF had initially projected she said40:24that China reopening should lead to a Resurgence in its economic growth but could also cause inflation repressures40:31crystallina said that the Ukraine war could be a risk as well but mostly to Europe she then revealed that the40:38reshoring of Supply chains that we’ve seen as a result of the pandemic and the war in Ukraine is going to do damage to40:44Global GDP but this damage can be contained if countries continue to work together as much as possible recall the40:52theme of this Davos conference Larry urged central banks to continue fighting inflation and warned that the last part40:59of the inflation battle is the most painful and difficult he also said that Global integration should never come at41:06the cost of social disintegration which is probably the only thing I agreed with from all the Davos discussions41:14Christine confirmed that the ECB will continue to fight inflation and amusingly said that 2022 was a quote41:21weird year she urged governments to stay the course on the digital and green41:26transformation that the weft stakeholders pushed through with their pandemic restrictions more about that in41:32the description now Christine also casually said that China’s reopening will kill lots of41:38people but it will grow the economy so it’s fine she then proceeded to cross her arms after realizing what she had41:45said out loud they truly put the best brightest and most compassionate on display at the world economic forum41:52Kuroda said that the bank of Japan will continue to fight inflation while aggressively stimulating the economy41:58this makes zero sense but the chap is old and about to retire so I reckon we42:03can cut in some slack note that coroda is set to leave on the 8th of April we42:09could see lots of volatility on that date Bruno was the polar opposite of coroda42:16in his passion he essentially said that Europe shifting its Reliance from Russia’s gas to China’s Renewables is42:22stupid as such Europe should start to produce its own wind turbines solar panels and batteries and be very42:29protective of these industries for context U.S President Joe Biden recently passed the deceptively named42:36inflation reduction act which creates huge incentives for green energy companies to relocate from Europe to the42:43United States this has angered the EU which responded by passing the digital42:48markets act that hurts big Tech profits Bruno’s passionate speech took the42:54moderator by surprise and he told Bruno to his face that he had made the audience uncomfortable with his Europe43:00first rhetoric it really was a sight to behold it also revealed which interests43:06are in the control of the weft and just how divided different regions are so43:11much for cooperation in a fragmented world eh crystallina went on to tell the43:16Europeans on the panel to provide more funding to Africa money which Europe doesn’t exactly have at the moment this43:24caused coroda to ask crystallina to send more IMF money to Asia which is a subtle43:29sign that the region is desperately short on US dollars because of rising rates Larry warned about unseen debt in43:36the financial system Christine said she’s worried about being pushed to raise rates too much Bruno called for a43:43ceasefire in Ukraine officially making him the most unpopular person in the eyes of the panel after all the only43:50answer to war is more war so long as the people in power continue to find ways to43:55profit now the last panel discussion from Davos I want to summarize was actually a speech by Antonio guterres44:02Secretary General of the UN this is because the weft is effectively the44:07private sector arm of the UN and has been pushing the un’s sdgs through ESG44:13Antonio’s speech was therefore the most important of all so this speech began44:18with a brief introduction by Klaus who welcomed his Excellency and said the U.N44:23is needed now more than ever Klaus said that the weft is committed to ensuring that the un’s sdgs are44:30implemented which confirmed my long-held suspicions that the weft is the un’s private sector arm then Antonio took the44:38stage he started by saying that the UN needs cooperation not fragmentation to44:43achieve the sdgs he said that the pandemic response was a failure of compliance no doubt he admitted that44:51it’s hard to find Solutions at the best of times and we are not in the best of times Antonio then said something that44:57made me seriously optimistic about the future quote this is undermining45:02everything in other words the UN and the West’s plans are falling apart before45:08their eyes and they’re desperate not to have a repeat of the un’s Millennium development goals or mdgs which failed45:15because of 2008. Antonio proclaimed that the East and West are in the process of45:20separating creating two separate systems two separate currencies and even two separate internet45:26he warned that the weft stakeholders must avoid the quote thucydides trap for45:31those unfamiliar the thucydides Trap is a political Theory which states that a massive war is inevitable when an45:37existing power is being challenged by a rising power in this case the United States being challenged by China45:44now back to Antonio who went on to call for additional funding for sdg compliance and even called for a new45:51debt architecture to ensure the financial system doesn’t collapse as a result of all this funding in his45:58follow-up interview with another weft puppet Antonio admitted that the private sector is slipping away he even46:05instructed the politicians present to ignore what their populations think about them he said that his time in46:11politics had taught him to ignore the opinion of the people and do what is right he said social media must be46:18leveraged as a tool to achieve the un’s vision in case that wasn’t already clear enough the cherry on top was Antonio saying46:25that this is the worst it’s ever been in his lifetime by that he means that this46:31is the least that the average person has listened to the people in power it’s the least that the private sector and public46:37sector have complied the great reset is falling apart in real time so in46:44conclusion then what does all of this mean for you well in short never stop46:49seeking the truth and never stop sharing it they’ll try and take control by putting us in de facto digital prisons46:56with cbdc’s and digital IDs but Alternatives will exist and they will prevail if they’re promoted adopted and47:03crowdfunded I’m confident that cryptocurrency will play a role in this decoupling between the average person47:10and the corrupt institutions that rule them success is by no means guaranteed but the pendulum finally seems to be47:16swinging in the direction of Freedom the wefts self-confidence is waning as its47:22stakeholders realize how out of touch they are with Ordinary People Like Us so let’s keep that momentum going47:34[Music]English (auto-generated)
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