Davos Finally Gets a Reality Check

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In the early 2000s as my time in the military was winding down, I had the opportunity to spend a few months of ‘terminal leave’ in Europe.

I had just completed a couple of tours in Middle East, so, for me, Europe felt like the pinnacle of civilization.

Twenty years later the continent is completely unrecognizable. Britain has adopted Orwellian laws that threaten citizens with jail time who complain about migrant criminals. The English flag has been declared a symbol of racism.

Germany shut down all its nuclear power plants in the name of climate change. They replaced reliable nuclear energy with solar panels—in a country where the sun barely shines—then watched energy prices explode and industrial competitiveness collapse.

European governments spend billions housing migrants while their native populations struggle to afford basic necessities.

These failed policies— migration, social justice, climate, economic priorities— all started at the World Economic Forum—where a bunch of people who thought they were smarter than everyone else set out to remake the world in their own image.

They weren’t shy about stating their goals.

Klaus Schwab, the WEF Founder, even published a book entitled The Great Reset, arguing that the pandemic presented a “unique window of opportunity” for global elites to reshape “the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons.”

He openly bragged about how many global leaders went through his personal Hitler youth program—known as the Young Global Leaders.

(In 2017, Schwab boasted that “what we are very proud of… is that we penetrate the cabinets” of governments around the world.)

Justin Trudeau-Castro is perhaps the most famous Schwabian acolyte; he spent the better part of a decade completely overturning any sensible economic policy in Canada for the sake of this green fantasy, woke leftist agenda.

The proof of the damage is obvious. The gap between Canadian and American GDP per capita widened by 144 percent during Trudeau-Castro’s time in office. The OECD now projects Canada will rank dead last among developed nations in per-capita GDP growth through 2060.

Europe isn’t much better. Today, Mississippi—the poorest state in America—has a higher per-capita GDP than France, Italy, and the UK. It’s within spitting distance of Germany.

There’s literally no way to defend any of these policies; they’ve ALL been abject failures. All of them.

Yet the Davos crowd continued flying to Switzerland on private jets each year to cook up more bad ideas… including telling the peasants to eat bugs and own nothing.

Larry Fink, the CEO of BlackRock (which manages $14 trillion worth of global assets), sits on the WEF Board of Trustees. He’s spent years using his control of other people’s money to force “woke” ESG policies on the business world.

This week, Fink hosted an exclusive dinner at Davos. Commerce Secretary Howard Lutnick was the final speaker, and he gave the crowd a reality check.

Lutnick pointed out that European economies are lagging behind America precisely because of failed ESG policies, and then called their net-zero targets delusional.

He said specifically, “Why would Europe agree to be net zero in 2030 when they don’t make a battery? They don’t make a battery! So if they go 2030, they are deciding to be subservient to China [which makes all the batteries.]”

Lutnick is right. Europe is essentially trading the carbon emissions of oil and gas for the environmental devastation of cobalt and lithium mining—much of it done with child labor in the Congo.

So is the world really better off? At best it’s debatable. But now Europe will be completely dependent on China (who, again, makes all the batteries) for their energy security.

The room didn’t want to hear it. ECB President Christine Lagarde stormed out of the room mid-speech. Former Vice President Al Gore started booing from the audience. Fink cut the dinner short before dessert was even served.

These are the people who fancy themselves the adults in the room.

California Governor Gavin Newsom showed up to Davos to trash-talk the sitting US President on foreign soil. He urged European leaders to “develop a backbone” and “punch [Trump] in the face.”

Then he pulled out red kneepads—a gag about world leaders “kneeling” to America, and bragged about how successful he is.

This is the Governor of California—a state with the highest poverty rate in the US, a mass exodus of businesses and residents, catastrophic wildfires from mismanagement, high-speed rail to nowhere, and a homelessness crisis that has exploded despite billions in spending.

Bizarrely, Alex Soros praised Newsom as “the real star” of Davos.

The younger Soros, of course, has never accomplished anything in his life; instead he’s used his father’s money to finance radical political candidates and woke priorities.

A lot of people probably never heard him speak before this week’s Davos event. Yet when they put Alex Soros on stage and the family scion opened his mouth, his word salads were so incomprehensible that he makes Kamala Harris look like Winston Churchill by comparison.

I hate to indulge in schadenfreude, but this year at Davos, the left was made out to be the mockery they are.

Trump. Elon. Lutnick. Ken Griffin. Speaker after speaker stood up and told the Left, to their faces… at their own conference, that they’ve been catastrophic failures.

For years, the Davos crowd hijacked any sense of reason in government and corporate boardrooms around the world. They insisted the only thing that mattered was what’s swinging between your legs or the melanin in your skin.

They repeated platitudes endlessly—”Diversity is our strength” as they actively destroyed their own countries, made them less prosperous, and less safe.

Now they’ve been told to their faces that they’re a joke. And there’s nothing they can do about it, because it’s true—and everyone is finally admitting it out loud.

Source

Sovereign Man provides actionable intelligence and rational solutions for personal liberty and financial prosperity. Read more at www.sovereignman.com

Source: https://www.schiffsovereign.com/trends/davos-finally-gets-a-reality-check-154177/