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The World Economic Forum Fear-Mongers the Global Economy in Attempt to Coerce a ‘Great Reset’

It is the definition of audacious: A hyper-agendized group of global profiteers – a cadre of the world’s wealthiest people bent on co-opting the world’s economic system – producing fearmongering reports about economic doom in the immediate future while hawking a new economic model which they would control.

It sounds Orwellian, or perhaps like something out of The Hunger Games, but it is very real and it is happening; happening at the hands of the Davos elite and the World Economic Forum (WEF).

The WEF recently released its 2022 risk perception survey revealing that the vast majority of respondents (remember, these are people like George Soros, Bill Gates, Peter Lewis, etc.)  were either “concerned” (61.2 percent) or “worried” (23 percent) about the outlook for the world.

Just 3.7 percent indicated optimism and a significantly larger percentage (12.1 percent) expressed a “positive” view about the world’s immediate future. Congruent to this sentiment, just 10.7 percent saw a positive scenario materializing over the next three years.

In the wake of these numbers, the WEF’s Global Risks Report warned that the lack of optimism threatens to facilitate “a vicious cycle of disillusionment and social unrest.”

The report builds on last year’s Global Risks Report, which warned of potential risks that one of the authors said have now become “clear and present dangers.”

“Supply chain disruptions, inflation, debt, labor market gaps, protectionism, and educational disparities are moving the world economy into choppy waters,” Saadia Zahidi, WEF managing director, said in the report. He highlighted significant rises in commodity prices, ongoing supply chain disruptions, and dislocations due to disinvestment in fossil fuel reserves.

“These difficulties are impeding the visibility of emerging challenges, which include climate transition disorder, increased cyber vulnerabilities, greater barriers to international mobility, and crowding and competition in space,” Zahidi added.

The report is published annually ahead of the annual WEF meeting in Davos, Switzerland, attended by the wealthiest and most powerful and influential people on the planet.

Why This Is Important

If we have learned nothing else from the last two years of COVID authoritarianism, we must all acknowledge that the political and global elite cannot be trusted to act in the best interests of anyone but themselves. This includes the greed merchants and those addicted to control who count themselves among the Davos crew.

The idea that an organization – helmed by the world’s most ruthless people and shopping a global economic revolution – would be, first of all, able to produce an unbiased report, and then likely to produce a report that is unbiased and not self-serving defies reality. In fact, it exhibits a debilitating naivety.

The WEF’s Great Reset is an attempt by the global elites to true capitalism into the Communist Chinese hybrid of Stakeholder capitalism.

As Michael Rectenwald, the chief academic officer at American Scholars writes in this month’s edition of Hillsdale College’s Imprimis:

“…[T]he idea of the Great Reset goes back…as far as the inception of the WEF, originally founded as the European Management Forum, in 1971. In that same year, [Klaus] Schwab, an engineer and economist by training, published his first book, ‘Modern Enterprise Management in Mechanical Engineering.’ It was in this book that Schwab first introduced the concept he would later call ‘stakeholder capitalism,’ arguing ‘that the management of a modern enterprise must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity.’ Schwab and the WEF have promoted the idea of stakeholder capitalism ever since. They can take credit for the stakeholder and public-private partnership rhetoric and policies embraced by governments, corporations, non-governmental organizations, and international governance bodies worldwide.”

Rectenwald goes on to say that the current Great Reset, the catalyst for which was the 2008 economic crash, is just the latest in a series of great resets including the Long Depression of the 1870s and the Great Depression of the 1930s, noting that these periods defined as periods of “paradigm-shifting systemic innovation.”

He continued on to say:

“In addition to being promoted as a response to COVID, the Great Reset is promoted as a response to climate change. In 2017, the WEF published a paper entitled, ‘We Need to Reset the Global Operating System to Achieve the [United Nations Sustainable Development Goals].’ On June 13, 2019, the WEF signed a Memorandum of Understanding with the United Nations to form a partnership to advance the ‘UN 2030 Agenda for Sustainable Development.’ Shortly after that, the WEF published the ‘United Nations-World Economic Forum Strategic Partnership Framework for the 2030 Agenda,’ promising to help finance the UN’s climate change agenda and committing the WEF to help the UN ‘meet the needs of the Fourth Industrial Revolution,’ including providing assets and expertise for ‘digital governance.’”

At the WEF’s 50th annual meeting in June of 2020, the Great Reset was officially launched and just a month later Schwab’s book on COVID and the Great Reset was released. The book stated as Rectenwald said:

“…that COVID provided an ‘opportunity [that] can be seized’; that ‘we should take advantage of this unprecedented opportunity to reimagine our world’; that ‘the moment must be seized to take advantage of this unique window of opportunity’; and that ‘[f]or those fortunate enough to find themselves in industries “naturally” resilient to the pandemic (think here of Big Tech companies like Apple, Google, Facebook, and Amazon) the crisis was not only more bearable, but even a source of profitable opportunities at a time of distress for the majority.’”

The WEF’s own website features some of the more egregious elements; all direct attacks on the free market, true capitalism, and individualism and freedom. They produced this bone-chilling affront to the free market:


In what Rectenwald calls “corporate socialism” and what Italian philosopher Giorgio Agamben called “communist capitalism,” stakeholder capitalism changes the profit motive of free-market corporations and businesses from benefiting their shareholders to serving their stakeholders – “individuals and groups that stand to benefit or lose from corporate behavior.”

As Rectenwald said at a recent Hillsdale College event:

“ Stakeholder capitalism requires not only corporate responses to pandemics and ecological issues such as climate change, ‘but also rethinking  [corporations’] commitments to already-vulnerable communities within their ecosystems.’ This is the ‘social justice’ aspect of the Great Reset. To comply with that, governments, banks, and asset managers use the Environmental, Social, and Governance (ESG) index to squeeze non-woke corporations and businesses out of the market. The ESG index is essentially a social credit score that is used to drive ownership and control of production away from the non-woke or non-compliant.”

It is undeniable that free-market capitalism has served – exclusively – as the gateway to upward financial mobility. Capitalism and the free market made possible the creation of a “middle class.” Prior to the Great American Experiment and a national economy built on the free market; the laissez-faire economy, the world was controlled by the same global elites that sit in on the Davos conferences hosted by the World Economic Forum; the same elitist class that lorded over the rest of the world prior to the embrace of capitalism, a world comprised of serfs who served the ruling class.

So, why should anyone – of a right mind and unmanipulated by Schwab’s elitist propaganda – believe a report that concludes that if we don’t do – if the world doesn’t do – what these elitist reprobates want us to, the economies of the world will crash, the world’s population will be destitute, and the world will end?

It is always a challenge to find any aspect of our society actually left better off when government interferes in the natural order of things. In truth, everything government injects itself into falls to the lowest common denominator. To wit, whenever the government has interfered in the economy the economy has devolved into a cesspool of disaster.

Now we have a group of self-anointed world leaders who seek to “re-imagine” the free market using the slave-labor model employed by the Communist Chinese? An economic model that will coerce the people of the world into thinking and existing according to elitist edict?

The United States is called the “shining city on the hill” because our constitutionally protected individualism facilitates freedom, both individually and in the courses of our everyday lives. The WEF’s Great Reset will end that, forcing us all into an intellectual gulag where freedom is redefined as the permission to do as we are told.

No thank you…and why do we keep listening to people hell-bent on global domination like Klaus Schwab and George Soros?!

“The main obstacle to a stable and just world order is the United States.”
– George Soros, Davos principal and attendee

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Frank Salvato

You can read all of Mr. Salvato's news analysis at UndergroundUSA.com Frank Salvato is the executive partner at The CompassPoint Group, LLC. He is the host of The Underground and RightMinded podcasts as heard on iHeart Radio, Pandora, Spotify, Amazon Podcasts, and anywhere podcasts are heard. He is a national political writer for National File. His writing has been recognized by the US House International Relations Committee and the Japan Center for Conflict Prevention. His analysis has been published by The American Enterprise Institute, The Washington Times, and Accuracy in Media, and is nationally syndicated. Mr. Salvato appeared on The O'Reilly Factor on FOX News Channel and is the author of six books examining internal and external threats facing our country. He can be heard twice weekly on “The Captain’s America: Third Watch” radio program syndicated nationally on the Salem Broadcasting Network and Genesis Communications affiliate stations.

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