F. William Engdahl -- Now Comes the Davos ‘Great Reset’

09.06.2020 Author: F. William Engdahl

Now Comes the Davos ‘Great Reset’

Column: Economics

Region: Europe

For those wondering what will come after the COVID-19 pandemic has successfully all but shut down the entire world economy, spreading the worst depression since the 1930s, the leaders of the premier globalization NGO, Davos World Economic Forum, have just unveiled the outlines of what we can expect next. These people have decided to use this crisis as an opportunity.

On June 3 via their website, the Davos World Economic Forum (WEF) unveiled the outlines of their upcoming January 2021 forum. They call it “The Great Reset.” It entails taking advantage of the staggering impact of the coronavirus to advance a very specific agenda. Notably enough, that agenda dovetails perfectly with another specific agenda, namely the 2015 UN Agenda 2030. The irony of the world’s leading big business forum, the one that has advanced the corporate globalization agenda since the 1990s, now embracing what they call sustainable development ,is huge. That gives us a hint that this agenda is not quite about what WEF and partners claim.

The Great Reset

On June 3 WEF chairman Klaus Schwab released a video announcing the annual theme for 2021, The Great Reset. It seems to be nothing less than promoting a global agenda of restructuring the world economy along very specific lines, not surprisingly much like that advocated by the IPCC, by Greta from Sweden and her corporate friends such as Al Gore or Blackwater’s Larry Fink.

Interesting is that WEF spokespeople frame the “reset” of the world economy in the context of the coronavirus and the ensuing collapse of the world industrial economy. The WEF website states, “There are many reasons to pursue a Great Reset, but the most urgent is COVID-19.” So the Great Reset of the global economy flows from covid19 and the “opportunity” it presents.

In announcing the 2021 theme, WEF founder Schwab then said, cleverly shifting the agenda: “We only have one planet and we know that climate change could be the next global disaster with even more dramatic consequences for humankind.” The implication is that climate change is the underlying reason for the coronavirus pandemic catastrophe.

To underscore their green “sustainable” agenda, WEF then has an appearance by the would-be King of England, Prince Charles. Referring to the global covid19 catastrophe, the Prince of Wales says, “If there is one critical lesson to learn from this crisis, it is that we need to put nature at the heart of how we operate. We simply can’t waste more time.” On board with Schwab and the Prince is the Secretary-General of the UN, Antonio Guterres. He states, “We must build more equal, inclusive and sustainable economies and societies that are more resilient in the face of pandemics, climate change and the many other global changes we face.” Note his talk of “sustainable economies and societies”—more on that later. The new head of the IMF, Kristalina Georgieva, also endorsed The Great Reset. Other WEF resetters included Ma Jun, the chairman of the Green Finance Committee at the China Society for Finance and Banking and a member of the Monetary Policy Committee of the People’s Bank of China; Bernard Looney, CEO of BP; Ajay Banga, CEO of Mastercard; Bradford Smith, president of Microsoft.

Make no mistake, the Great Reset is no spur-of-the moment idea of Schwab and friends. The WEF website states, “COVID-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.” The WEF sponsors have big plans:”…the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.” This is big stuff.

Radical changes

Schwab reveals more of the coming agenda: “…one silver lining of the pandemic is that it has shown how quickly we can make radical changes to our lifestyles. Almost instantly, the crisis forced businesses and individuals to abandon practices long claimed to be essential, from frequent air travel to working in an office.” These are supposed to be silver linings?

He suggests that those radical changes be extended: “The Great Reset agenda would have three main components. The first would steer the market toward fairer outcomes. To this end, governments should improve coordination… and create the conditions for a “stakeholder economy…” It would include “changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.”

The second component of the Great Reset agenda would ensure that, “investments advance shared goals, such as equality and sustainability.” Here the WEF head states that the recent huge economic stimulus budgets from the EU, USA, China and elsewhere be used to create a new economy, “more resilient, equitable, and sustainable in the long run. This means, for example, building ‘green’ urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.”

Finally the third leg of this Great Reset will be implementing one of Schwab’s pet projects, the Fourth Industrial Revolution: “The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector.” The Fourth Industrial Revolution includes gene-editing biotech, 5G telecommunications, Artificial Intelligence and the like.

UN Agenda 2030 and the Great Reset

If we compare the details of the 2015 UN Agenda 2030 with the WEF Great Reset we find both dovetail very neatly. The theme of Agenda2030 is a “sustainable world” which is defined as one with income equality, gender equality, vaccines for all under the WHO and the Coalition for Epidemic Preparedness Innovations (CEPI) which was launched in 2017 by the WEF along with the Bill & Melinda Gates Foundation.

In 2015 the UN issued a document, “Transforming our world: the 2030 Agenda for Sustainable Development.” The Obama Administration never submitted it to the Senate for ratification knowing it would fail. Yet it is being advanced globally. It includes 17 Sustainable Development Goals, extending an earlier Agenda21. The 17 include “to end poverty and hunger, in all their forms and dimensions… to protect the planet from degradation, including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change…“ It calls for sustainable economic growth, sustainable agriculture (GMO), sustainable and modern energy (wind, solar), sustainable cities, sustainable industrialization… The word sustainable is the key word. If we dig deeper it is clear it is code-word for a reorganization of world wealth via means such as punitive carbon taxes that will dramatically reduce air and vehicle travel. The less-developed world will not rise to the developed, rather the other way, the advanced civilizations must go down in their living standards to become “sustainable.”

Maurice Strong

To understand the double-speak use of sustainable, we need to go back to Maurice Strong, a billionaire Canadian oilman and close friend of David Rockefeller, the man who played a central role back in the 1970s for the idea that man-made CO2 emissions were making the world unsustainable. Strong created the UN Environment Program, and in 1988, the UN Intergovernmental Panel for Climate Change (IPCC) to exclusively study manmade CO2.

In 1992 Strong stated, “Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?” At the Rio Earth Summit Strong that same year he added, “Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, air-conditioning, and suburban housing – are not sustainable.”

The decision to demonize CO2, one of the most essential compounds to sustain all life, human and plant, is not random. As Prof. Richard Lindzen an MIT atmospheric physicist puts it, “CO2 for different people has different attractions. After all, what is it? – it’s not a pollutant, it’s a product of every living creature’s breathing, it’s the product of all plant respiration, it is essential for plant life and photosynthesis, it’s a product of all industrial burning, it’s a product of driving – I mean, if you ever wanted a leverage point to control everything from exhalation to driving, this would be a dream. So it has a kind of fundamental attractiveness to bureaucratic mentality.”

Lest we forget, the curiously well-timed New York pandemic exercise, Event 201 on October 18, 2019 was co-sponsored by the World Economic Forum and the Gates Foundation. It was based on the idea that, ”it is only a matter of time before one of these epidemics becomes global—a pandemic with potentially catastrophic consequences. A severe pandemic, which becomes “Event 201,” would require reliable cooperation among several industries, national governments, and key international institutions.” The Event201 Scenario posited, “outbreak of a novel zoonotic coronavirus transmitted from bats to pigs to people that eventually becomes efficiently transmissible from person to person, leading to a severe pandemic. The pathogen and the disease it causes are modeled largely on SARS, but it is more transmissible in the community setting by people with mild symptoms.”

The declaration by the World Economic Forum to make a Great Reset is to all indications a thinly-veiled attempt to advance the Agenda 2030 “sustainable” dystopian model, a global “Green New Deal” in the wake of the covid19 pandemic measures. Their close ties with Gates Foundation projects, with the WHO, and with the UN suggest we may soon face a far more sinister world after the covid19 pandemic fades.

F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook.”