The 2017 “Davos Consensus” – More Welfare And More Warfare

Wednesday, January 25, 2017
By Paul Martin

by Nick Giambruno via InternationalMan.com,
ZeroHedge.com
Jan 25, 2017

“It’s a big club and you ain’t in it!”

I often think of these words, spoken by the great comedian George Carlin, when I read about the World Economic Forum meeting in Davos, Switzerland.

Every year, global elites descend on Davos to discuss the big issues of the day in a Bilderberg-like conclave. This year, George Soros was there. So was Bill Gates.

The most important world leaders go. As do CEOs of the world’s largest companies, mainstream media bigwigs, and prominent academics. Central bankers attend, too.

In short, it’s a bunch of out-of-touch, self-anointed elites meeting to hand down from above their uniformly bad “solutions” to the world’s problems. Then they pat each other on the back for all the good they’re doing.

No matter the problem, their prescription is always more welfare, more warfare, more money printing, more taxes, and of course, more centralization of power into global institutions.

Interestingly, Donald Trump has never been invited to Davos. But his many opponents surely have.

This year, former Vice President Joe Biden gave a provocative speech. He accused Russia of trying to “collapse the liberal international order.” It was basically a call to arms and only increased tensions.

Rising populism was another hot topic. The Davos crowd sees it as a huge threat.

One professional academic there claimed: “We have to pay for the social cohesion that we need to keep our societies advancing, and accept that this may be a higher tax burden on people.”

Christine Lagarde, head of the International Monetary Fund (IMF), struck a similar tone: “It probably means more redistribution than we have in place at the moment.”

Speaking of the IMF, the global elite has wanted a supranational global currency for a long time. In fact, it already has one on deck.

The IMF issues a type of international currency called the “Special Drawing Right,” or SDR. The SDR is simply a basket of other fiat currencies—the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound.

The SDR is not based on sound economics or the interests of the common man. It’s just another cockamamie invention of the economic witch doctors in academia and government.

The SDR is dangerous. It gives the government—in this case, a global government—more power.

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