Never let a good crisis go to waste.
Winston Churchill’s famous words from the darkest days of world war two have taken on a more sinister meaning as the decades have passed.
The pandemic has radically changed the world as we know it. And the actions we take today as we work to recover will define our generation.
2020 has been challenging on a lot of levels as economic, environmental and societal frailties have been laid back. But it’s also proved that when we need to, we can act rapidly and restructure our lives. Recovery from the pandemic is an opportunity, we can see rays of hope in the form of a vaccine, but there is no vaccine for the planet. Nature needs a bailout.
At the start of 2020, 1% the world’s population owned 44% of the world’s wealth. And since the start of the pandemic, billionaires have increased theirs by more than 25%. (WE WILL HAVE A LOOK AT THIS IN DETAIL A LIL LATER)
Whilst 150 million people fell back into extreme poverty. And with climate change set to dwarf the damage caused by the pandemic, The message from 2020 should be abundantly clear about capitalism, CAPITALISM as we know it is DEAD, that this obsession that we have had with maximizing profits for shareholders alone has led to incredible inequality and Planetary emergency.
And this has called in 4th INDUSTRIAL REVOLUTION
But no one can do this alone. And top down approaches won’t get us anywhere. Because everything we’ve learned in our world has shown us that diverse voices lead to better results. And it’s for these reasons that the forum talks about something called stakeholder capitalism, which would shift businesses away from just profit. Because if we want to change where the focus of our recovery will go, then we need a new dashboard for the new economy. And that needs to encompass people, planet prosperity and institutions, giving people a real stake in the economy, and putting well being before growth.
We must rebuild our relationship with nature for the survival of the peoples on our planet.
Our economy is in a very weird place. I mean, the Federal Reserve Bank says that the economy as we know it might be coming to an end. And this is kind of amplified when now talks of another round of lock downs on the horizon.
Our economy is hurting right now. 6.9% of people in the United States are unemployed. Many businesses are not making the type of money that they were before. So they’re being forced to downsize and layoff their employees and other businesses are going out of business completely between March and November 2020. After the first round lockdowns, more than 100,000 businesses shut down permanently, that’s restaurants, stores, hospitality businesses, car rental businesses.
WHAT IS THE GREAT RESET
The great reset is a collective name given to a series of economic policies that are attempting to use the recovery from the Coronavirus as a way to supposedly build a better, brighter, more sustainable future.
The way the WEF describes the Great Reset is a ‘rethinking’ of capitalism, specifically the kind in the western world, to move toward sustainability, clean energy, and equality. They want to leverage the new technologies of what they refer to as the “Fourth Industrial Revolution” in combination with private industry to accomplish these goals.
This policy was first unveiled by the World Economic Forum (THE WEF out of DAVOS is essentially this a group of exceptionally powerful individuals, predominantly in the banking, finance and business sector and Klaus Schwab is the chairman of the World Economic Forum, there are no economists in this forum btw. Klaus Schwab is actually an engineer by education, this is in alliance with government leadership and the United Kingdom’s Prince Charles) and since its announcement, it has gathered support from a laundry list of economists, politicians, business people, and celebrities. But it has also gathered a fair bit of criticism. Just 72 hours after its announcement, a petition to stop it gained 80,000 signatures, which is kind of fair enough. The whole premise of this proposal does sound very ominous.
THEY are proposing that as a result of these COVID lockdowns that have done a great deal of damage to economies globally, they perceive that they now have an opportunity to rebuild economies, but to do so in what they believe is a more enlightened fashion but, looking historically there have been problems with the idea of groups of people in power deciding the history of humanity, in the best case scenario, we are simply supposed to be free to determine our own futures, our own progress, what we want out of life.
The fact that this plan is leveraging a disaster alongside the fact that it is pushing some pretty spicy policies means that major conspiracy theories have surfaced ranging from this plan will make us all poorer, all the way up to this plan will make us all slaves to the lizard people.
So what exactly are they proposing -?
A.
This great reset is proposing building out infrastructure for green technologies. There are a lot of advantages to installing solar panels on your home. Aslong as you live in a reasonably sunny area, it will reduce your energy bills to the point where the system will pay for itself a few times over. It also reduces your carbon footprint and may even add value to the property itself.
B.
The next proposal is to encourage long term investments by the private sector into sustainable industries. And if this is a bit of a tough one, certainly there are huge advantages to carrying this out. But it is market intervention. So there will be critics, a carbon tax is an effective way to achieve what this point is proposing. Carbon emissions are what we call a negative externality. This is something that costs everybody in the wider economy regardless of if they are benefiting from those emissions.
Putting a tax on these emissions would mean that the external cost borne by society is also a cost borne by the emitter and this money can either be collected as revenue to use on public goods, so at least the wider community is getting something for the medical price that they are paying, or in the best case scenario, it will encourage businesses to invest into lower emitting alternatives. To avoid this costs all together.
SO WHATS THE FUSS ALL ABOUT?
C.
Now, in this particular case, what they’re proposing is a sort of collectivist idea that takes personal ownership out of the equation, the little phrase and it sounds so innocent is “you will own nothing, and you will be happy.“
According to the projections of the WEF’s “Global Future Councils,” private property and privacy will be abolished during the next decade. The coming expropriation would go further than even the communist demand to abolish the property of production goods but leave space for private possessions. The WEF projection says that consumer goods, too, would no longer be private property.
If the WEF projections were to come true, people would have to rent and borrow their necessities from the state, which would be the sole proprietor of all goods. The supply of goods would be rationed in line with a social credit points system.
The property that you own, that actually ensures your rights to a great degree. So while this may sound like a very enlightened idea, sort of a communal, collectivist utopia, there are many problems with this once you start thinking about how it might actually be implemented, and that’s what’s constant what concerns me.
If we had to judge each thing that the politicians and governments try, based on the outcomes instead of the intentions. At the intention stage, it is remarkably easy for smooth politicians to stand up and say kindly sounding things. Now, the sorts of things that we’re hearing from DAVOS and from the likes of the proponents of the great reset, all talk about
collectivism and, you know, living and how nobody will own anything, but now consider for just a second, that is already a fallacy. Someone somewhere has to own.
And in fact, what happens is if you take ownership out of the hands of a broad based populace and have many separate entrepreneurs and families and individuals, and you concentrated into the hands of say, a few multinational corporations working together with government, well firstly, that system is by definition fascistic, this idea of an all powerful government and the businesses that work in conjunction with them and this will eventually lead to crushing down of small businesses…
CRUSHING DOWN OF SMALL BUSINESSES
Another valuable aspect is the decision to change the US minimum wage to $15 an hour.
The biggest group that will be hurt by the increase of minimum wage to $15 will actually be the small business owners and not Walmarts. The Amazons, they want the minimum wage to be 15 dollars an hour because they can handle it, the small boys can’t. And well, they’re bringing all the competition and traffic to their own big mega stores. Well what better way to handicap the people financially and have them rely solely on the government by taking out their ability to create their own stream of income.
Historically speaking this makes natural sense…first there were kingdoms that then became states, states became nations, nations continents and the final step would be to go for a singular system that governs the world.
Stage 1 in progress
Since March 2020 when the Covid-19 lockdowns and business closures began, when unemployment started to spike, when the financial system was already failing but went unacknowledged, we have been in “Stage 1”.
The Infinite Growth Paradigm has hit a wall, now that all borders are known, many resources already exploited, and China is the only place left that looks promising, and they’ve been cooking their books. The elites have quite frankly run out of valuable things to exploit.
The world has monumental, exponentially increasing inequality,
INEQUALITY
In 2019, approximately 7.7 billion people, there also exists approximately 317 trillion US dollars in global wealth across the world.
In a perfectly equal world. If all of this wealth was evenly distributed to all 7.7 billion of us, it would mean that everybody, regardless of age would have $41,169 to their names, but we don’t live in a perfectly equal world. So to understand the reality of the situation more, let’s shrink all of those 7.7 billion people down to only 100 people to better represent everybody and place them all in a single file line in order of how much money they have.
The first staggering thing to notice here is that the first 70 people in this line all have net worths below $10,000. In order to break into the top 50% of people in the world, you only need to have $4,120 the first 70 people on this line are essentially all inside of the global lower class, and they only control 3% of the world’s wealth between them. Most of these 70 people are located in places like India, where the average adult net worth is only $7,000 or in Africa, where the average adult net worth is only $4,000. The next 21 people in the line represent the global middle class with net worths averaging between $10,000 and $100,000.
Even though, these 21 people are underrepresented because they control only about 12% of the Global Wealth pool. In order to break into the global top 10% you need to acquire a net worth of $93,170. So moving on, the next eight people in the line are the first people who could probably be considered to be very well off. These eight have net worth ranging between $100,000 $800,000 and would be considered the global upper middle class. Most of
these eight people are found in places like Europe, where the mean average adult has a net worth of $145,000 or 36 times higher than an average african adult, or in North America where the mean average adult has a net worth of $404,000.
As of 2018, there are 2208 billionaires across the world with a combined wealth of 9.1 trillion US dollars. If the wealth of billionaires was measured as a yearly GDP, they would have the third largest economy in the world ahead of Japan in Germany combined. And the wealth of the billionaire class has been steadily increasing over time. Just two years ago in 2017. the billionaire class was worth only seven point $67 trillion. And just as recently as 2000, the
billionaire class wasn’t even worth $1 trillion. At the very, very top of the billionaire class are 10 individual people, the 10 wealthiest people in the world.
The top eight of these men, Jeff Bezos, Bill Gates, Warren Buffett, Bernard Arnold’s Carlos Slim amancio Ortega, Larry Ellison and Mark Zuckerberg have a combined wealth greater than the bottom 50% of the human population, or three point 85 billion people.
1% of the world population owns 80% of all wealth meanwhile bottom 60% of the world’s population control less than 6% of the worlds wealth
ONE WORLD CURRENCY/BITCOIN
With one world governance its natural to need a singular currency
I believe formulating a one world currency is the easiest way of creating one global control.
The rise of cryptocurrency will eventually lead to one single global currency. And I bring this up because well, based on my research, cryptocurrency was indeed one of the main topics for the Davos agenda for the World Economic Forum’s meeting last month.
The Federal Reserve is investigating the potential of a central bank digital currency (CBDC) as the backbone for a new, secure real-time payments and settlements system.
The move toward a form of government-backed digital currency is being driven by Fintech firms and a banking industry already piloting or planning to pilot cash-backed digital tokens, according to Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors. FED COIN
Now having said that, I believe what’s happening right now with cryptocurrency is absolutely beautiful. Because a lot of private retail investors like you and I and guys, maybe I’m not like you were I’m not the smartest guy when it comes to Bitcoin. I’m definitely not a Bitcoin expert. But the reason why a lot of individuals like myself, you and a lot of other private retail investors are jumping into cryptocurrency is the same reason why we will not support and we don’t like what’s happening with the great reset, which is people don’t like or trust the system.
Cryptocurrency will begin to be regulated, centralized, taxed, and controlled by the very forces that people are running away from right now. And well, when I look at what the World Economic Forum has posted so far on cryptocurrency, it seems that my fear may be more imminent than I would like it to be. Is FED COIN on its way?
UNIVERSAL BASIC INCOME
Now, in order for everyone to participate in this little game known as the Great reset. We as the people must rely on the government on everything. With AI taking over menial jobs.
In 2021, basic income is gaining momentum around the world.
First trials are ongoing or on their way, and the growing number of countries are considering UBI as an alternative to welfare.
How would it work? And what are the key arguments for and against?
What if the state covered your cost of living, which is to go to work? Go back to school? not work at all. What would you do? This concept is called a universal basic income or UBI. And it’s nothing less than the most ambitious social policy of all times.
The biggest weakness of us people is one thing and one thing only, and that my friends is debt. Now remember, one of the most tempting aspects for individuals to participate in the great reset is that all their debt will be eliminated.
And even just saying those words out loud, I can’t help but think how familiar this all sounds? Oh, that’s right. The person in the White House has the agenda of wanting to eliminate all student debt. Now, guys, I’m not saying that’s not a good thing, right.
There’s no magical fairy or a government official that can just snap their fingers like Thanos and remove all of your debt that just simply cannot happen. It either has to be exchanged, or it has to be transferred.
But even if UBI is the better model, is it economically feasible? What about inflation? Won’t prices just rise making everything just like it was before? Since the money is not being created by magic or printers? It needs to be transferred from somewhere. It’s more of a shift of funds than the creation of new ones. Hence, no inflation. Okay, but how do we pay for it? There is no right answer here because the world is too diverse. How well of a country is what the local values are, are things like high taxes or cutting the defense budget politically acceptable or not? How much of the welfare state is already in place? And is it effective?
Each country has its own individual path to a UBI. The goal is to have a foundation for everybody. There still need to be programs of some sort. Because just like countries, people are not the same. The second way is higher taxes, especially for the very wealthy. In the US, for example, there’s been a lot of economic growth, but most of the benefits from it have gone to the richest few percent.
The wealth gap as we previously discussed is rapidly widening, and many argue that it might be time to distribute the spoils more evenly to preserve social peace. There could be taxes on financial transactions, capital, land value, carbon, or even robots. But UBI is not necessarily expensive. According to a recent study, a UBI of $1,000 per month in the US could actually grow the GDP by 12% over eight years, because it would enable poor people to spend more and increase overall demand.
The eventuality of universal basic income. Because if we really break it down, universal basic income is the most sustainable way for the people to rely on global government and government in general, because well, what is the alternative? It can’t be to lower taxes. Now what wouldn’t make sense? Why would we just cut the taxes of the people, we take money from them, which we’re going to give back to anyways
Now since we are covering all aspects of the upcoming world lets also have a brief look at the-
THE FUTURE OF JOBS
This situation in its entirety has impacted every single one of us, shaken our social systems and disrupted every sector of our economies. The automation of work, combined with a global recession led workers to lose their jobs at an accelerated pace compared to previous years. And this trend is expected to continue. The ongoing shift in the division of labor between humans, machines and algorithms might displace 85 million jobs worldwide in the next five years. While 97 million new roles, ones that are more adapted to this new task distribution may emerge.
By 2025, companies expect to displace roughly 6% of their total workforce, one in two workers will need rescaling and those remaining in their current roles will need to update 40% of their skill set to adapt to the changing labor market. There is a way to collectively benefit from these challenging times. decades of research have shown that the most valuable asset of any economy or company is its human capital.
Around the globe, companies are already experiencing a shortage of relevant skills for future roles, and are investing in rescaling and upskilling their workforce by 2025. Organizations say they will train over 70% of their employees to ensure they can smoothly transition into the jobs of tomorrow. These include DevOps engineers, artificial intelligence specialists, digital marketing managers, talent acquisition specialists, and customer success specialists.
It will take on average between two weeks and five months for workers to pick up new skills, allowing them to move into these new roles. That data shows they won’t need to have the perfect skill set to start transitioning. Well two thirds of employers expect to get a return on investment in employees rescaling programs within just one year. Governments will also need to step in to update and fund education and training systems and to ensure displaced workers have adequate safety nets. With purposeful leadership and collaboration. We can turn this global crisis into a unique opportunity to transition into a future of jobs that is inclusive, fair and sustainable.
THE SOCIAL CREDIT IN CHINA
If we look at modern day China, we get a very good example of this one. Modern day China, of course, a bit of a mixed economy, they have prospered to the degree that they’ve started permitting free trade.
However, they are still very much a Marxist society. And they work according to social credit scores, and social credit scores, imposed by law, represent a very chilling idea. Now imagine this, for example, you as a family, do not own your home, you do not own what is around you, you do not own your business, the government has absolute control, because they are the representative of collective ownership. Now imagine a scenario in which you do something that the government does not approve of, you read a book that it doesn’t want you to read, you write an essay or an article, but it doesn’t like you create a YouTube video commenting on something in a negative way.
Now, those are all things that productive human human beings do to critique and build and grow their society. But you can’t do it there. And if you do something that the government disapproves of, using these social credit scores, they can ghost you, they can effectively lock you out of your world. And it works because you don’t own anything. It is that ownership, that broad based private ownership that keeps people free from government tyranny.
George Washington who said that it is property rights that prop up human freedom, you can go into great depth and philosophy on this one, you can even take property rights down to the level of your thoughts. Are you free to own them? Are you free to express them?
Or is the realm of thinking controlled by a collective? Now, of course, all that sounds? I mean, it sounds like terrible fear mongering. But of course, the question for anyone who looks back over history is to ask, could it happen here? Could it happen again? And I think if you do know your history, the answer is it happens surprisingly easily.
We are dealing with a formula that has been deeply damaging to the human species.
The World Economic Forum and its related institutions in combination with a handful of governments and a few high-tech companies want to lead the world into a new era without property or privacy. Values like individualism, liberty, and the pursuit of happiness are at stake, to be repudiated in favor of collectivism and the imposition of a “common good” that is defined by the self-proclaimed elite of technocrats.
What is sold to the public as the promise of equality and ecological sustainability is in fact a brutal assault on human dignity and liberty. Instead of using the new technologies as an instrument of betterment, the Great Reset seeks to use the technological possibilities as a tool of enslavement. In this new world order, the state is the single owner of everything. It is left to our imagination to figure out who will program the algorithms that manage the distribution of the goods and services.
WHAT CAN WE DO?
KEEP OUT OF DEBT
STAY FIT – well it’s to say if you are unhealthy its even easier to keep u reliant on the system
SHARE :
What is the Sharing Economy?
Also known as a gig economy or access economy, the sharing economy is a system where goods and services are shared between individuals free of charge or for a fee. A driver would share their ride with you in exchange for money. A homeowner would rent a room or an entire property when you’re traveling abroad.
People have been lending stuff for ages, but it is the new technologies, apps, and websites that make the sharing economy possible. Participants use them to find deals that are relevant to what they’re looking for.
The need to own everything created an economy that produced more and more stuff, as well as a lot of waste, not only physical waste, but also wasted resources.
Our cars, for example, go unused 95% of the time, and in his home, 80% of the things in our homes used less than once a month. But now everything is changing. You see, millennials have surpassed baby boomers to become the largest generation in human history. And they’ve all been moving back to the cities. In the past five years, the growth of cities caught up to the growth of suburbs, for the first time since the 1920s.
But there are only so many houses and cars that can fit in a city. And this is where the sharing economy comes in. We now have these powerful computers smart in our hands. And we’re always connected to everyone. As a consumer, you can get a car to pick you up with the touch of a button.
And if you have an asset to share, like a spare room, you can make some extra money. The nature of work in this economy is changing so people are more likely to change jobs or work several gigs. The sharing economy helps out here by providing flexible work, like using your car to drive people around between jobs, or selling homemade goods online to supplement income. We are finally able to share instead of owning and this actually reflects new values.
More than three out of four millennials would rather pay for a service experience or event over owning something. The sharing economy has emerged because a lot of people need it and want it and this reflects changes in how we live, how we work, and our values, like how we take care of our planet. But don’t think it’s just about sharing houses or cars.
People are finding new ways to share data and electricity, even home cooked meals and more. Right now 2.5 million Americans earn money through the sharing economy. That’s roughly the same as the number of teachers and staff working in public schools. This new sector is projected to increase global revenues from roughly $50 billion today to around 335 billion by 2025.
Co-working Platforms: Companies that provide shared open work spaces for freelancers, entrepreneurs, and work-from-home employees in major metropolitan areas.
Peer-to-Peer Lending Platforms: Companies that allow for individuals to lend money to other individuals at rates cheaper than those offered through traditional credit lending entities.
Fashion Platforms: Sites that allow for individuals to sell or rent their clothes.
Freelancing Platforms: Sites that offer to match freelance workers across a wide spectrum ranging from traditional freelance work to services traditionally reserved to handymen.
All products will have become services. “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,” writes Danish MP Ida Auken. Shopping is a distant memory in the city of 2030, whose inhabitants have cracked clean energy and borrow what they need on demand. It sounds utopian, until she mentions that her every move is tracked and outside the city live swathes of discontents, the ultimate depiction of a society split in two.
Let’s take the example of – LOVE HOME SWAP and not Air b’n’b
If you have a home, especially if you’re going on a long stay then the interesting thing about home swapping is it does feel different from Airbnb because you create this really interesting social contract with the person that you’re swapping with.
Now what’s happening on love home swap, it represents one of the core principles that has got slightly lost around the sharing economy. And this is this idea of idling capacity. So in capacity represents the untapped social, economic and environmental value of underused assets. And these assets can literally be anything, they tend to fall into three categories.
So you have physical stuff, so homes, cars, dresses, kids toys, physical stuff, you then have labor assets, so people’s time, skills, human potential, and then you have capital assets. So anything from crowdfunding to crowd equity all the way through to peer to peer lending platforms. And what’s happening is that we’re taking this capacity, and we’re making it liquid through networks and marketplaces.
Creating the efficiency to match supply and demand in different ways.
But that technology could also create social profiles, reputation, ratings, identity verification, for us to trust strangers in ways on a scale that have never been possible.
The smartphone was the game changer because the smartphone removed the friction from these platforms. But it also created all these tremendous trust tools to bring down the barriers of strangers trusting one another. So you see these two principles, idling capacity and the ability of technology to match supply and demand through efficiency and trust at the basis of these examples.
Now, Lets take the example of – Mark used to sell medical equipment to hospitals. And what he started doing was taking photographs of piles of medical equipment left in strange places of the hospital, so in storage cupboards, and in hallways, and then he would go to other hospitals that couldn’t even afford to buy in this instance, one incubator. Now what Mark was seeing was a classic broken system of supply and demand.
And what Mark was seeing was what many entrepreneurs in the space say, you know, how can we extract more value from these existing assets. And he started to dig into this problem. And it’s just an example of how profound islet capacity can be. So what he discovered was that the average piece of equipment will sit idle for 58% of its entire lifecycle. And this results in the third of all surgeries that cannot be performed because there isn’t equipment available.
So they created this platform called coHelio. It’s now just been named one of the most innovative health companies in the States. And it takes the unused capacity of health, expensive health equipment, and redistributes it amongst different hospitals, he’s managed to take the capacity of hospital equipment from 48% to 70%, in the course of 18 months.
So here you have two very different examples, home swapping, and getting hospitals to share equipment. And they are both great examples of this thing that we call the sharing economy. The way I think of it is that it is an economic system that unlocks the unused capacity of assets, by matching needs and haves in ways that create greater efficiency and access. And it’s those two words that are really important, greater efficiency and access.
I think we are heading into a future of platforms, where companies will become these new kinds of intermediaries that essentially connect people with supply with people with demand, breaking up traditional jobs into these micro what people call gigs. So how do we get this right? What is the role of platforms?
What is the relationship between providers and platforms? is a really interesting question. So just to give you a sense of how big this is getting, these are the latest stats, we don’t have great data at the moment in the United States In the United Kingdom, but they’re estimating now in the United States, a third, more than a third of the entire workforce are now independent workers are freelancers.
