The Mother of All Financial Bubbles: A Burst of Unimaginable Destruction

February 27, 2017

Contributor

Editor's Note: The following is a guest post by Chris Martenson with PeakProsperity.com.

At PeakProsperity.com, we pride ourselves on providing fact-based context to breaking important events.

Within 72 hours of the Japan tsunami in 2011, we had analyzed the situation and concluded with high probability that three core meltdowns had occurred at the Fukushima nuclear plant. While it took years for officials to finally admit to the full extent of the crisis, history has validated our initial analysis.

How did we get it right? By using a science-based approach grounded in observation, deduction and a healthy skepticism of what the "experts" in charge claimed. We also went to great lengths to educate our readers about the science in play, explaining in detail how radioactivity and contamination differ, the health risks from such a nuclear accident, and what concerned folks could do to remain as safe as possible.

When California's authorities suddenly reversed course and scrambled to evacuate nearly 200,000 residents living downstream of the Oroville dam, within an hour, we had released an analysis of the situation, explaining the critical differences among the primary spillway, the main dam, and the auxiliary spillway.

Where mainstream media outlets were consumed by covering the Grammy’s, we were able to tweet and blog relevant details to the worried people hungry for information about the dam's integrity, keeping them both grounded and informed:

#OrovilleDam as of now, best we know, the spillway has not failed. Reports that erosion is going slower than feared. Every minute counts.
— PeakProsperity.com (@chrismartenson) February 13, 2017

By 10:00pm that same Sunday night of February 12th, we had shared a series of updates with schematics, images and conclusions that was more complete, accurate and hysteria-free than any other news source we could find at the time.

By the next morning, we had located and interviewed one of America's top dam experts, who provided an absolutely spectacular assessment of the situation at Oroville. That podcast has been listened to by nearly 50,000 people at this point, including residents of Oroville who have used its insights to determine whether or not to return home at this time.

And on top of all this, our own community began filling in the blanks with their expertise. One community member, an emergency worker deployed to the dam earlier this week, has been providing us with valuable insider information that state officials have resisted making public.

The reason I'm relating all of this now is because of the instructive lessons involved. It’s worth noting that communications from officials in Oroville transitioned from a steady, repeated stream of “Everything is fine. There's nothing to worry about” to suddenly “Run for your lives!” within an hour.

Of course, the 188,000 people living downstream from the dam were caught off guard by the mandatory evacuation order. Many left with none of their possessions, only to get hopelessly caught on clogged roads. It was a time of panic and disorder, with no one seemingly in control.

The main lesson from Oroville -- or Fukushima, or Katrina -- is that governments do a poor job of relating accurate information to their citizens when big threats are involved. Part of that is likely due to a desire to avoid stoking fear. Part probably due to politics and bureaucracy. And part probably due to plain old incompetence.

Regardless of the cause, it means that the public -- even the vigilant ones -- suffer information deficits when it matters most. Simply put, the authorities do not share all the facts necessary for making informed decisions.

Which is why our longstanding advice has been a straightforward call to 'trust yourself' when assessing crisis risk. In most cases, good old-fashioned common sense and a little sleuthing will get you far closer to the truth, and faster, than 99% of your peers who are relying on being told what’s happening by those in charge.

In most cases, the information you need to assess the truth will be right there, hiding in plain sight but always obvious in retrospect. This means it’s also available to you in real-time, providing you're willing to trust your own eyes and you know where to look.

Which brings us to one of the truly great risks we're facing today. One with much more destructive potential than a single failed dam but, like Oroville, one the authorities are desperate to keep us in the dark about.

The Mother Of All Financial Bubbles

We are now living through the mother of all financial bubbles. We've been living with it so long now that we have to take three giant steps backwards to even detect its broad outlines.

As a reminder, a bubble exists when asset prices rise beyond what incomes can sustain. Florida swampland in the 1920’s, tech stocks in the late 1990s, or Toronto real estate today -- all are fine examples of this.

The US government and the private banking cartel known as the Federal Reserve, in cahoots with a very compliant and complicit mainstream media, are doing everything in their vast and considerable power to convince us that we are living in an golden era of risk-free prosperity. And that tomorrow will be even better.

Now, regular readers of PeakProsperity.com's reports will know there's a mountain of evidence contracting this. But it's critical to understand that this is the same public perception management style as we've recently seen at Oroville: Deny, deny, deny... and then finally admit the obvious.

So let’s take those three giant steps backwards and see if we can spot the flaw in the ‘everything is awesome!’ meme that the Fed et al are trying to paint for everyone by flooding the “markets” with so much thin-air liquidity (between $150-$200 billion a month) that nobody has any clue what anything is truly worth anymore.

Giant Step Backwards #1: Infinite growth is impossible.

This is such an easy concept that I'm continually surprised at how poorly appreciated it is and how much resistance it receives when raised. But it works like this: the earth is a sphere and therefore has a defined surface area and a defined amount of resources available for use.

The availability of these resources ranges across a spectrum from dense/concentrated on one end to dilute/useless at the other. Humans have already extracted and consumed most of the easily obtainable stuff. Now it gets harder.

Regardless of the economics of these resources, they are finite. And as our economic requires resources to function, if we want our economy to grow from here, that means consuming more resources at a faster rate then we have been. If resources are finite, then growth will one day prove finite, too.

This should be utterly, blindingly obvious to everyone. But it’s not, apparently. The Federal Reserve and the central banks in other nations are unified in their call for more economic growth, always and forever. That’s plan A. There is no plan B.

Giant step backwards #2: You can’t print your way to prosperity.

History is replete with the failed attempts of nations to print their way to prosperity. The pursuit operates on the same principle as alchemy: trying to get something for nothing. It has invariably and always ended the same way. In tears.

At first it, issuing more currency feels good because those closest to the money printing get stinking rich while doing practically nothing. As that trickles down, everybody initially feel smart and wealthier. Well, not everybody; but those running the system sure do.

After a while, though, all that feel-good activity is revealed as a fraud. It turns out prosperity wasn't printed, instead it was redistributed. From one party’s pocket into another. And in most cases, from poorer pockets into those of the already-privileged.

The same is happening today with the "thin air" money printing being conducted by the world's central banks. We are now living with one of the most extreme wealth gaps in US history, with the top 1% (really, the top 0.1%) owning a greater percentage of the nation's wealth than they ever have.

But it's even more nefarious than that, because the Fed is not simply stealing from today's public; it is also stealing the prosperity of future generations. When the party being stolen from hasn't been born yet, it can't fight back.

In short, you cannot print your way to prosperity. Yet somehow we've forgotten that. And we're dooming ourselves (and our children and grandchildren) to becoming serfs in the process.

Giant step backwards #3: You can’t grow your debts faster than your income forever.

This, too, should be completely obvious. You know perfectly well it holds true for your personal life or your business, if you have one. And it’s equally true for a nation, which is simply an aggregation of individuals and businesses. But somehow this simple truth has been either forgotten or deliberately ignored by today's economists and politicians.

Our grand experiment in debt-based fiat currency -- unbacked by anything tangible, like gold -- began on August 15th, 1971 when Nixon unilaterally broke the Bretton Woods agreement and forced the entire world off of the gold standard. Not that the world minded much, because this then meant that politicians and monetary hacks everywhere could ignore centuries of economic lessons and begin making exorbitant promises by printing currency like mad.

The giant step towards monetary (and debt) expansion this represented is clear to anybody who can read a chart.

Here’s the total credit market debt in the US. It has exploded higher at a near-perfect exponential rate since that fateful day in 1971:

But what we really need to do is compare debt to income. Remember, you're not supposed to grow the former at faster rate than the latter. So let’s add (nominal) GDP to our chart and see what comes up:

As you can see, those lines began diverging a long time ago (aha! Right around 1971. Imagine that.). They've been diverging at an increasing pace for pretty much the entire adult lives of everybody in power. At this point, our leaders just assume “This is how the world works.”

“Reagan proved that deficits don’t matter”
~ Vice President Dick Cheney

The little wiggle in the exponential curve there, during 2008-2009, was the wiggle that almost destroyed the world. Our entire system of credit and money came very close to full-scale collapse, simply because it didn't grow for a few brief years. Makes you shudder to think what would have happened had it acutally contracted...

But back to the main point. If we compare the beginning of this wanton debt-binge in 1970 with the state of things today:

We see that debt has shot up by a factor of 40 while income has only increased by a factor of 17. We have indeed grown our debts wildly faster than our income over the past 45 years

And, it should be noted, a lot of that GDP ‘growth’ is the byproduct of borrowing and spending money we don’t have on things we don’t need. Said differently: the debts will remain during any serious future economic downturn but the GDP that is fraudulently based on excessive rates of borrowing will vaporize as if it never existed in the first place.

That, my friends, right there is the very definition of unsustainable.

If something cannot go on, it won’t.

But the Federal Reserve, under the leadership of a pure academic like Janet Yellen, cannot conceive of any approach other than perpetuation the same system that has been in place while she's built her career.

Conclusion

The Fed is desperately seeking to keep the status quo in place, praying that somehow things turn out OK, and clearly scared to death behind the scenes. But, just like the officials at Oroville, when the cameras are on her, Yellen smiles and tells us that all is well.

The Fed has printed as much money as it has dared for the time being. It has since handed the baton over the ECB, and the Bank of Japan, who have stepped in to keep the wheels of the world's debt production well-greased.

Around and around the baton gets passed. And we're told by our government and media that this is all in our best interests. However, the only thing these central banks are truly doing is stealing from savers and the elderly today, and pretty much everyone tomorrow.

What have they done with the trillions in "thin air" currency they have printed up? They handed them to the big banks, to speculators and the already wealthy. Which should come as little surprise. These are the people they count on for their high-status jobs, as well as the big payouts awaiting them when they return to the private sector.

In the meantime, they’ve blown the Mother Of All Financial Bubbles.

This is primarily a bubble in debt (i.e., the bond market). But in its making, new bubbles in real estate, stocks and a whole slew of other asset classes were created.

When these bubbles burst, and they must, it will be a massively destructive event. There will literally be nowhere to hide from the repercussions.

You simply cannot count on anyone in power giving you anything like timely warning or useful advice in advance. You need to find accurate, trustworthy indicators on your own, and then decide how you're going to position yourself, your loved ones, and your wealth accordingly.

In Part 2: How Bad Will It Get? we detail the tremendous scale of the losses that will result when this Mother Of All Financial Bubbles bursts. It will be a traumatizing time for society, and many, many people will see their wealth vaporize.

The key objective at this time is to position yourself for physical and financial safety. For those who do will be in a position to prosper greatly, as well as offer much-needed support to others, when the coming reset arrives.

Tapping the brakes on transgenderism in 2023

Hunter Martin / Contributor | Getty Images

2022 was the year of the emperor’s new clothes—where we were supposed to pretend that someone like Lia Thomas is a woman, legitimately beating actual women in swimming competitions. This carpet-bombing of common sense won’t be letting up anytime soon. Just before the New Year, the World Boxing Council announced that it’s going to create a separate category for transgender boxers. The WBC president said:

…we are doing this because of safety and inclusion. We have been the leaders in rules for women’s boxing—so the dangers of a man fighting a woman will never happen because of what we are going to put in place.

After all the insanity you’ve been told to accept about transgender athletes in recent years, his statement is remarkable. He’s admitting what common sense people have been saying all along—that trans athletes identifying as women still carry natural physical advantages (from the fact that they’re actually male), and that those natural advantages could endanger biological women.

Trans athletes identifying as women still carry natural physical advantages.

The WBC president went on to say:

In boxing, a man fighting a woman must never be accepted regardless of gender change. There should be no gray area around this, and we want to go into it with transparency and the correct decisions. Woman to man or man to woman transgender change will never be allowed to fight a different gender by birth.

Maybe the WBC is on to something here. Maybe the only way to solve the stupidity of letting biological males play female sports is to create a separate transgender category in every sport. That would make competition fair again. However, the trans agenda will never accept this because it doesn’t validate their transition—in fact, it admits that these are not authentically female athletes.

There is some rare, good news on this front. In late December, the Eleventh U.S. Circuit Court of Appeals voted to uphold a Florida school-board policy that requires transgender students to use the bathroom of their biological sex. Of course, the Left won’t accept this, so this case will probably go to the Supreme Court sooner than later. You’re supposed to always believe the science, except when it comes to your own body parts.

You’re supposed to always believe the science, except when it comes to your own body parts.

And by the way, if the Left truly cared about unbiased science as it pertains to transgenderism, they’d listen to their favorite European country, Sweden. Sweden’s national board of health recently updated its guidelines on treating children with gender dysphoria. Unlike the Biden administration and the U.S. medical establishment right now, Sweden’s new emphasis is caution:

…the scientific data is INSUFFICIENT to assess the effects of puberty-inhibiting and gender-sensitive hormone therapy of children and young people.

The Swedish guidelines also mention the prevalence of de-transition cases as another reason for tapping the brakes on sex-change surgeries for children.

Common sense apparently does still exist, even in places like Sweden. If only America would listen.

Here are the TOP 11 BOOKS from the Western Philosophical Tradition that you MUST know about

Hulton Archive / Handout

Glenn wants to dive deep into different philosophical topics this year. As CRT and woke curricula are demonizing the "western tradition," it is vitally important that we preserve the tradition that gave birth our nation and gives context to the culture we live in today. Here are the top 11 books to give you a crash course in the western philosophic tradition. If you don't have the time to read them, you can find an overview to each of the books below!

1. Plato's Republic

The first titan of Greek philosophy, Plato articulated the set of questions that would drive the future western philosophical tradition. The pre-eminent question among Greek philosophers was "what is the thing that explains everything." In philosophical lingo, this question is framed as "what is the logos or the good." Plato argued that reality could be explained in terms of the "forms." For example, when you see multiple examples of a "courageous" act, then, Plato would argue, there is such a thing as "courage." The form of "the good" is the form that gives meaning to all of reality. Humans use their rational minds to contemplate what is good and then align their desires to "the good" in order to pursue it.

2. Aristotle's Nicomachean Ethics

The second titan of Greek philosophy was none other than Aristotle, who was a student of Plato. Aristotle deviated from his teacher's claims about "forms" and instead argued that every single thing has a purpose, a telos. For example, the telos of a chair is to provide a place for someone to sit. In the same way that a chair's purpose is to provide a place for someone to sit, Aristotle argues that the telos of human beings is to pursue happiness.

In the first page of the Nicomachean Ethics, Aristotle claims that every action is done for the sake of pursuing happiness, although, all too often, our actions are misplaced. We often pursue things we believe will make us happy when, in reality, they are fleeting, momentary pleasures that result in despair, heartbreak, or pain. Rather than conforming the world around us to fit our momentary desires, Aristotle argues that we achieve happiness by understanding the nature of the world around us and how we fit into it by actively cultivating virtues in order to make our soul "fit to be happy." Work and action, therefore, are not mere moral "to-do lists," but rather bring us fulfillment.

3. Augustine's City of God

If Plato is the first titan of ancient philosophy, then Augustine is the first titan of medieval philosophy. Medieval philosophy begins with the re-discovery of ancient philosophical texts that had been lost throughout the Roman Empire. As Christianity had taken root and spread across the western world, medieval philosophy integrated these newly-discovered texts into Christian theology. Augustine is the pre-eminent medieval Neo-platonic philosopher, incorporating Plato's philosophy into Christian theology.

Augustine claimed that God himself is the ultimate "form" or "the good" from which all of reality derives its meaning and existence. A thing is "good" insofar as it coalesces with the way God intended it to be. When a thing stays away from God's intention, it is "not good." From this, we get the Augustinian definition of "evil" as a "privation" or "absence of goodness," which ultimately corresponds to God's nature and character.

4. Aquinas' Summa Theologica

Just as Augustine incorporated Plato's philosophy into Christian theology, the second medieval titan, Thomas Aquinas, incorporated Aristotelian philosophy into Christian theology. Building from Aristotle, Aquinas argues that Christ is our happiness, the longing of every human heart and the object of every human action. Though we may think we are pursuing happiness outside of Christ, our this pursuit is misplaced and will result in fleeting pleasure and pain. True happiness and fulfillment, Aquinas argues, is found in Christ himself and the pursuit of his nature.

**Note: Aquinas' Summa is one of the largest works ever written and contains arguments about many different subjects--there are concise versions that will save you a lot of time!

5. Francis Bacon's Novem Organum

If medieval philosophy is defined by the incorporation of ancient philosophy into orthodox Christian theology, then the Enlightenment is defined as the rejection of both. English philosopher Francis Bacon kicked off the Enlightenment with a total rejection of the Aristotelian view of reality. The title of his book, the Novum Organum, or "the new order," is a deliberate tease of Aristotle's Organon, or "the order of things." Bacon's "new order" purports that, contrary to Aristotle, there is no inherent "nature" or "purpose" in reality. Rather, reality is something that we can conquer by means of knowledge and force, dissecting nature to its fundamental parts and reconstructing it into what we want. Bacon is considered the father of the scientific method, creating a testable means through which we can understand, break down and re-construct nature.

6. Descartes' Discourse on Method

Descartes is best known for his famous assertion, cogito ergo sum, or "I think, therefore, I am." In Discourse on Method, Descartes embarks on a rigorous endeavor to doubt anything that can be doubted. He postulates that all of reality can be doubted; however, the one thing that cannot be doubted, he concludes, is that there must be someonewho is doubting. Though we may think that we are in the matrix, we are thinking, therefore, we must exist.

Descartes's rigorous skepticism introduced a brand-new burden of truth. In order for something to be true, it must be beyond all reasonable doubt. Many continue to use Descartes' skepticism as a way to challenge religious belief. According to these modern-day skeptics, unless you can prove that God exists beyond any reasonable doubt, there is no way to actually know whether he exists. The severing of knowledge and faith is often attributed to Descartes.

7. David Hume's Treatise on Human Nature

Scottish philosopher David Hume took aim at both Plato and Aristotle. One of his most famous and consequential claims about human nature is, "reason is and always ought to be slave of the passions." This took direct aim at Plato's view of human nature. Plato argued that our reason or "rationality" should always rule our passions so that we will desire what is good. Hume flips this on its head, claiming that our reason is helplessly enslaved to our passions and will inevitably justify what we will already want. From this, Hume introduced a new articulation of moral relativism, claiming that humans are not able to choose between what is good and what is evil, but rather will choose what they want over what they don't.

8. Kant's Contemplation on the Metaphysics of Morals

Hume's moral relativism sparked panic within German philosopher Immanuel Kant. If we will inevitably do what we desire, how can we ever choose to do something good and moral for its own sake? We must, according to Kant, separate morality completely from the passions if it's to be saved. Kant, therefore, argues that duty is the highest good that man can aspire to. We do the right thing, not because we want to--on the contrary, we do the "right thing" because it's our duty to do so, especially when we don't want to. This breaks away from the Aristotelian notion that our happiness is inextricably intertwined with the pursuit of "the good."

9. Nietzsche's Beyond Good and Evil

Nietzsche wasn't convinced by either Hume or Kant's efforts to retain some semblance of civility or relativistic moral standard. According to Nietzsche, if there is no such thing as transcendent morality, then "moral maxims" are reduced to meaningless words purported by the people in power. Morality, therefore, becomes a game of persuasion at best, coercion and force at worst. People are reduced to winners and losers, opressors and victims, and whoever comes out on top gets to impose their desired view of the world on the losers. Therefore, the goal of the individual is to cultivate the "will to power," to become the powerful "ubermensch" or "superhuman," or else you will be reduced to a victim susceptible to other people's coercion and oppression.

10. C.S. Lewis's The Abolition of Man

After the Enlightenment ends in a grand, destructive finale with Nietzsche, Christian philosophers in the 20th century attempt to pick up the pieces and resurrect the ancient and medieval philosophies that had been cast to the side. In The Abolition of Man, C.S. Lewis famously laments that mankind has become "men without chests." This is a direct reference to Plato's view of human nature--there is nothing linking our mind to our heart. Intellectually, we have dissected all of reality into its individual bits, stripping it of its holistic beauty, while also succumbing to our whims and passions with no notion of a transcendent moral law. Lewis calls for the re-marriage of our minds and our hearts, so that we will not only pursue what is good, but moreover, we will desire to do so.

11. Alasdair McIntyre's After Virtue

The latter part of the 20th century saw the resurgence of Aristotelian ethics after being largely dismissed over the past 400 years during the Enlightenment. Scottish Catholic philosopher Alasdair McIntyre was and continues to be one of the foremost leaders of this movement. In his magnum opus, After Virtue, McIntyre takes aim at the entire Enlightenment project itself and shows how it ultimately fails by its own standards. If reality is a mere power dynamic, as Nietzsche argues, and if morality is an act of persuasion and passion, as Hume purports, then we have no reason to take their views seriously. If all of reality is relative, then the statement "reality is relative" is itself relative. It becomes victim of the self-refutation of its own standards. Transcendent morality, he argues, must exist, because there must be some standard by which we judge reality and can say with determination, "this is good" and "this is evil."

The Biden Admin EXPANDED abortion access because they DON'T believe in the Constitution

Joshua Lott / Stringer, JOSEPH PREZIOSO / Contributor | Getty Images

This month has already produced an extreme example of why we need a functional and more conservative Congress in order for America to have a chance at moving forward—because the Left does not believe in the Constitution.

Sure, if you confronted a Democrat in Congress, they would probably claim some sort of allegiance to the Constitution—but as a practical matter, they do not believe in it.

Instead, the Left has put all of their eggs in the basket of the executive branch. Why? Because it has the furthest reach through all the various departments, and it can move the fastest—in short, because it’s the most dictatorial. It only takes a department head to write a new memo, or even better, the President to sign a new executive order to carry the force of law.

The Left has put all of their eggs in the basket of the executive branch.

Do you recall any of the Left’s favorite Supreme Court decisions over the years—something like gay marriage for example—and how Republicans immediately tried to subvert it, using the executive branch to try to nullify the decision? Yeah, that never happened. But that is exactly what Democrats have done in recent weeks to expand abortion access.

Democrats only consider the Supreme Court legitimate when they approve of the decisions. When the miraculous overturning of Roe v. Wade happened last summer, President Biden called it “a realization of an extreme ideology and a tragic error by the Supreme Court.”

Democrats only consider the Supreme Court legitimate when they approve of the decisions.

Recently the FDA approved local pharmacies to issue abortion pills. For the first 20 years after these pills were developed, they were not treated like typical prescription drugs. They had to be dispensed in-person by a doctor. That in-person requirement is now gone.

Keep in mind that the Left’s go-to line is that abortion is always about the health and safety of women, yet a 2021 peer-reviewed study found that chemical abortions have a complication rate four times greater than surgical abortions. Between 2002 and 2015, the rate of abortion-related ER visits following use of the abortion pills increased by 507 percent.

Chemical abortions have a complication rate four times greater than surgical abortions.

And now the Biden administration is making these less-safe abortions much more accessible. Thanks to the FDA’s rule change, Walgreens and CVS have already agreed to dispense abortion pills in states where abortion is legal—effectively turning these stores into new abortion clinics.

As for states that have abortion bans, "Team Biden" announced a new way around those too. Three weeks ago, the Justice Department issued a legal opinion that the U.S. Postal Service is allowed to deliver abortion pills anywhere, even in places where abortion is illegal. What’s their rationale? That the sender cannot know for sure whether the recipient will use the pills illegally or not. So it’s totally okay.

The U.S. Postal Service is allowed to deliver abortion pills anywhere, even in places where abortion is illegal.

Georgetown Law professor Lawrence Gostin told the Washington Post that this Justice Department opinion is “a major expansion of abortion access in the United States.”

So, to recap—the Biden administration has used the FDA, the Justice Department, and the Post Office, which all fall under the executive branch, to provide an end-run around the Supreme Court’s Dobbs v. Jackson decision.

Expanding abortion was easy—simple policy tweaks and declarations that carry the force of law without an ounce of input from actual lawmakers in Congress—all because it comes from the grotesque, bloated, apparently pro-death executive branch.

15 SHOCKING quotes from the World Economic Forum Davos Summit that should deeply trouble you

Getty Images / Staff | GETTY IMAGES

Glenn is one of the most outspoken critics of the World Economic Forum and their vision to use crises to reconstruct the world order known as The Great Reset. The recent WEF summit in Davos confirms what Glenn has long warned about: globalist elites seek to upend our democracy, freedoms, and way of life to achieve their utopian climate goals. Here are 15 quotes from the 2023 Davos Summit, revealing their true intentions in their own words:

1. Saving the planet

When you hear the word, "Davos," the first thought that should pop into your mind is an elite group getting together to save the world from imminent climate disaster... at least they think of themselves that way. According to John Kerry:

I mean, it's so almost extraterrestrial to think about saving the planet.

2. Private jets

What most people think when they hear the word "Davos" is a group of global elites flying in on private jets to talk about climate change... and yes, John Kerry does own a private jet, no matter how many times he denies it:

I fly commercial [...] Exclusively.

\u201cWATCH: John Kerry the U.S. Special Presidential Envoy for Climate was in a rush to avoid journalist questions at the World Economic Forum event in Davos.\n\nHe\u2019s been known for his use of private planes but told journalists he flys \u201ccommercial\u201d...\n\nSUPPORT: https://t.co/cc7736nMbT\u201d
— Rebel News (@Rebel News) 1674156832

3. Global Collaboration Village

You always hear some weird, dystopian projects coming out of WEF, like "The Global Collaboration Village," a new metaverse community aimed at strengthening "global cooperation." It sounds like the next installment of Brave New World. According to Klaus Schwab, Founder and President of the WEF:

The Global Collaboration Village is the pioneering effort to use the metaverse for public good, to create global cooperation and to strengthen global cooperation in the metaverse or using metaverse technologies. For me, it's a dream coming true because the village allows the Forum to create a more larger and open platform where everybody can participate.

4. Climate revolution

However, the core theme throughout WEF summits is the immediate need for a climate revolution and how businesses are selfishly blocking the revolution because they want to make an extra buck. Here's how John Kerry summed up the sentiment:

How do we get there? The lesson I have learned in the last years [...] is money, money, money, money, money, money, money.

5. Do or die

This often turns into alarmist language, like having to choose between wealth and our planet's survival... Joyeeta Gupta, Professor of Environment and Development in the Global South at University of Amsterdam, said it eloquently:

If we do the minimum at this pivotable moment in our history, then we and our children – even if we are rich – will live in the danger zone. But if we – business people, governments, citizens, cities – take action today, then we and our children will have a future worth looking forward to.

6. Colossal risks

Potsdam Institute's director Johan Rockström, used similar language, claiming we are "taking colossal risks with the future of civilization":

We are taking colossal risks with the future of civilization on Earth, we are degrading the life support systems that we all depend on, we are actually pushing the entire Earth system to a point of destabilization, pushing Earth outside of the state that has supported civilization since we left the last Ice Age 10,000 years ago.

7. Rain bombs

"Colossal risks" like... rain bombs? We didn't make that up. Ask Al Gore:

That’s what’s boiling the oceans, creating these atmospheric rivers, and the rain bombs.

Courtesy of the World Economic Forum

8. Survival comes down to this

How do we secure our survival? According to UN Secretary-General Antonio Guterres, we have to "end our addiction to fossil fuels." This entails wiping out our entire energy industry, displacing millions of workers, and relying on global governments to usher in a new green industry. In his words:

So, we need to act together to close the emissions gap, and that means to phase out progressively coal and supercharge the renewable revolution, to end the addiction to fossil fuels, and to stop our self-defeating war on nature.

9. Complete transformation

It isn't hyperbolic to argue that the globalist climate goals will completely transform the world economy. Even EU Commission President Ursula von der Leyen admitted:

The net-zero transformation is already causing huge industrial, economic and geopolitical shifts – by far the quickest and the most pronounced in our lifetime. It is changing the nature of work and the shape of our industry.

10. Scientific necessity

Of course, to bring about this "net-zero" transformation, we will have to override small, "political expediencies" like democracy to do what is "scientifically necessary." According to Zurich Insurance Group’s head of sustainability risk John Scott:

We’re living in a world right now where what’s scientifically necessary, and what is politically expedient don’t match.

11. Illegal hate speech

Doing away with "political expediencies" would also require the censorship of dissent, which would likely manifest in hate-speech laws. When asked by Brian Stelter how the discussion of disinformation relates to everything else happening today in Davos, European Commission VP Věra Jourová shared this prediction:

Illegal hate speech, which you will have soon also in the U.S. I think that we have a strong reason why we have this in the criminal law.

\u201cEuropean Commission VP V\u011bra Jourov\u00e1 at the WEF: \n\n"Illegal hate speech, which you will have soon also in the U.S. I think that we have a strong reason why we have this in the criminal law."\u201d
— Washington Free Beacon (@Washington Free Beacon) 1673970852

12. Climate first

We will also have to forego national interests on the international stage. America won't be able to advocate for policies and interests that benefit Americans. Instead, we will sacrifice national interests for the sake of global climate interests. French economy minister Bruno Le Maire said:

The key question is not China First, US First, Europe First. The key question for all of us is Climate First.

13. The role of war

We can also expect globalist leaders to use crises, like the war in Ukraine, to expedite the "net-zero transformation." Chancellor of Germany Olaf Scholz said:

Ultimately, our goal of achieving carbon neutrality by 2045 has been given an additional boost by Putin’s war. Now we have even more cause to move away from fossil fuels.

14. Blame game

Globalist leaders will continue to blame ALL of the crises in our society on climate change to justify the "net-zero transition," from the energy shortage to "mistrust, selfishness [and] xenophobia." Prime Minister of Spain Pedro Sanchez said:

Our present struggle is not only against Putin or the energy shortage. It is also against fear, mistrust, selfishness, xenophobia, and environmental disaster. And its outcome will define life in the West and beyond for decades to come.

15. Sacrifice for the greater good

While we sacrifice our national interests for the sake of the "greater global good," we can expect our foreign enemies, like China, to benefit. Suisse Chairman Axel Lehmann said:

The growth forecasts now for China is 4.5%. I would not personally be surprised when that would be topped.

Conclusion

Glenn has been clear about the distinction between wanting to transition to green practices on your own accord and being forced into that transition by globalist, unelected elites. Leaders at Davos will continue to use alarmist language to justify their crackdown on democracy and freedom to bring about their leftist utopia. We have to cut through the alarmist language and in order to protect our freedoms.

Glenn's Show Prep