IMF/WEF: It's Time For A Great Reset

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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.
To achieve a better outcome, 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.
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Clearly, the will to build a better society does exist. We must use it to secure the Great Reset that we so badly need. That will require stronger and more effective governments, though this does not imply an ideological push for bigger ones. And it will demand private-sector engagement every step of the way.

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 (for example, in tax, regulatory, and fiscal policy), upgrade trade arrangements, and create the conditions for a “stakeholder economy.” At a time of diminishing tax bases and soaring public debt, governments have a powerful incentive to pursue such action.

Moreover, governments should implement long-overdue reforms that promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.

The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.

Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is 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.

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.
higher oil prices and digital currency in your skin.
mostly fluff about the same shit
look, they even have an hour-long movie!
 

Comments

look, all i know is that the gracchi will abolish debt, redistribute the public land, and reform the grain dole

as a member of the proletariat

quite frankly i don't see how anything could go wrong
 
The Great Reset agenda would have three main components.

The first would steer the market toward fairer outcomes. ...promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.

The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. (This is just the first point reworded)

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. (government take over.)
YEY communism!!
 
The central banking cabal have painted themselves into a corner - the current treasury debt has passed 26 trillion. At current interest rates, the US government must pay around 600 billion every year. For every 1 percent increase in the federal funds rate, that number goes up by 260 billion. The US federal government takes in 2-2.5 trillion in tax dollars every year. To raise the federal funds rates enough to stop price inflation with results such as 10 year treasury notes paying the historic average of 4-5% would result in 75% of all federal tax money going to pay interest. No more social security or medicare, and the military would see a reduction of at least 50%. There is no end in sight for the treasury debt increase. Google the "national debt clock." The US federal government is currently bankrupt, and so is the Federal Reserve Corporation. We either reset the monetary system, or face crushing price inflation. You think social unrest is bad now? Wait until those idiots get hungry.
 
i am curious, without googling it, what does "resetting the monetary system" actually mean

like... all private debts below a threshold abolished

like...

what
 
i am curious, without googling it, what does "resetting the monetary system" actually mean

like... all private debts below a threshold abolished

like...

what
wealth redistribution is my guess, coupled with re-branded communism.
 
i am curious, without googling it, what does "resetting the monetary system" actually mean
It would involve thousands of different things - but the main thing is this: the currency will most likely be issued by the Treasury Department ( as was the case for most of American history ) not the private Federal Reserve Corporation.

This is a Treasury note:



This is a Federal Reserve note:

 
that is not the lead answer i find helpful, cuz...

why is that something good?

i mean, i'm asking you to break it down in a real way without lies or circular references
 
The central banking cabal have painted themselves into a corner - the current treasury debt has passed 26 trillion. At current interest rates, the US government must pay around 600 billion every year. For every 1 percent increase in the federal funds rate, that number goes up by 260 billion. The US federal government takes in 2-2.5 trillion in tax dollars every year. To raise the federal funds rates enough to stop price inflation with results such as 10 year treasury notes paying the historic average of 4-5% would result in 75% of all federal tax money going to pay interest. No more social security or medicare, and the military would see a reduction of at least 50%. There is no end in sight for the treasury debt increase. Google the "national debt clock." The US federal government is currently bankrupt, and so is the Federal Reserve Corporation. We either reset the monetary system, or face crushing price inflation. You think social unrest is bad now? Wait until those idiots get hungry.
I trade for a living and plan on getting a JPow tattoo soon, live for today, fuck tomorrow.
 
@Magalicious International Monetary Fund & World Economic Forum =/= Federal Reserve, US Treasury

Theyre kind of like the UN of the international business world
 
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