Submitted by Admin
Why is Bitcoin relevant with regards to the Great Reset?
Probably you have noticed. There is a lot of buzz about an ongoing or upcoming Great Reset conducted by the World Economic Forum (WEF) under the supervision of Claus Schwab. What does this entail and why is Bitcoin in this context discussed as well?
The fact of the matter is that the chairman of the WEF, Klaus Schwab, has written a book about the Great Reset. His vision for the world order in this book is supported by world leaders and a powerful financial-economic club of wealthy CEO´s. These politicians, influencers and powerbrokers meet up yearly at Davos in the Swiss alps, or lately virtually due to the pandemic.
According to Schwab offers the pandemic a unique window of opportunity to restructure the current global economy for rebuilding a better post-corona world with the UN 2030 Sustainable Development Goals in mind. A more sustainable form of capitalism is needed: stakeholder capitalism. A business should not be run based on profit only. It should go above the interests of shareholders and entail the wellbeing of all stakeholders associated with the business. A business should create long-term value for all stakeholders and not to maximize profits for only shareholders at the expense of other stakeholders. Free market forces should be constrained, neo-liberal principle tamed. The world should strive for a more equitable form of capitalism with more equal outcomes for all.
In order to create more growth and prosperity the use of new technologies should be used in order to bring a fourth industrial revolution. The power of 3D-printing, robotics, artificial intelligence (AI), Augmented Reality (AR), data mining and cloud computing should be used. The global economy should be more digitized and connected with the Internet of Things (IoT). Even humans could get integrated. The Great Reset has a trans-humanistic agenda. Biology and technology are getting merged.
The WEF and the book of Claus Schwab do not dive deep into the financial aspect of this Great Reset. This is the domain of the IMF and the BIS. Nevertheless, it has become clear that central bank digital currencies (CBDC) are an essential component for the financing and smooth operating of this new social-economic order. The current fiat-financial system is not able to support the Great Reset vision. A new digital infrastructure is required for, for example, the facilitation of IoT-networks and the implementation of special direct stimulus programs, like Global Basic Income. CBDC´s are programmable and could be used for efficient taxation, stimulus programs and surveillance of the currency streams. More effective monetary and fiscal policies could be contrived for realizing the Great Reset and creating the equal outcomes the WEF and UN is looking for.
Nevertheless, this top-down all knowing approach is problematic as in fact the current stakeholders of the system are centralizing their power. The WEF, IMF and UN will gain further in importance. Supranational entities are in fact to gain, like the supranational, so called multinationals, have gained financially the most during the pandemic. More importantly, the Great Reset does not address the elephant in the room: unstainable exponentially growing global debt based on fiat-money printers of banks and central banks. Inflation is everywhere and interest rates are falling. In fact, the current financial system with negative interest rates and negative yielding debt is debasing the purchasing power of normal working people around the world. The Great Reset does not address this and thus will not improve this. In contrary, according to the World Economic Forum own words people will own nothing and be happy. A central bank digital currency will be easy to distribute for social programs, easy to tax, inflate and of course confiscate. This is digital money is not sound money people do not own, can save and spend as they do see fit. This type of unrestricted centralized control over the money of people is problematic.
This is why Bitcoin is important. Bitcoin is digital gold and an alternative sound money system for this globalized digital information age. It provides a necessary alternative decentralized financial system for long term savings. It is a safe haven for realizing financial sovereignty during a Great Reset of which the outcome for regular working people is still unclear. For example, increasing inflation and the further debasement of weak currencies in developing countries. There are many unknowns. Besides, as the history of collective top-down programs have often shown: the way to hell is based on good intentions. We might proactively start to accumulate some bitcoin before it is too late, just in case….