22 July 2020

The Great Reset – what is it, really? | By Ernst Wolff

Over the last six months, the world has undergone historical changes. For the first time in its history, the global economy has been intentionally brought to an almost total standstill, an act whose consequences will soon surpass anything humanity has experienced in peace time.

But this appears to be just the beginning. Signs are gathering that what we now face is not a course correction; rather, we will see this course continue and even intensify. The alliance established half a year ago between scientists, media and politicians that brought about the lockdown is currently using every conceivable opportunity to create the pandemic’s “second wave” – even though the first never attained the horrors predicted but kept well within the territory of previous influenza pandemics.

Because we have not once, even in the case of previous far more dangerous outbreaks, come close to initiating such comprehensive measures to control a disease as we have for Covid19, it is hard not to suspect that behind the apparent concerns about the public’s health lie quite different motives.

Indeed, there is a large amount of data, facts and developments that not only support this supposition, but make it seem extremely probable. You could express it with a single phrase: “The Great Reset”. It certainly seems the world’s financial and political elites see it as necessary. Their lead representatives are to gather under this phrase in Davos at the World Economic Forum (WEF) in January 2021, having declared The Great Reset the theme for the coming times.

And it’s true – an all-encompassing reset is due for two reasons: the first is that the global financial sector is no longer fit for purpose in its current form, the second is a global economy teetering on the brink of the greatest collapse in its history.

These are the details:

The global financial system has been kept alive artificially by central banks since the financial crisis of 2007/08 by the continual lowering of interest rates and money creation ex nihilo.

The first lever is now more or less exhausted in that interest rates have reached zero almost everywhere. Further reductions into negative-interest territory would turn the money-lending business into a money-losing business and the banking sector would collapse from within.

The central banks are thus forced to reach for the second lever: money creation. But this has further inflated already gigantic financial-market bubbles through the trillions created so far during the corona crisis. Continuing with this lever risks destroying the purchasing power of the planet’s major currencies.

Because there is no other lever the central banks can use to keep the system alive means the present money system now finds itself in its final days.

The real economy looks to be facing even more drastic challenges. It is currently experiencing the greatest upheaval in human history at the hands of the digital revolution.

The use of artificial intelligence and robots to replace human labour will have far greater consequences than did the industrial revolution 250 years ago. Corporations and state-owned enterprises will make enormous numbers of people redundant through digitalisation. Products of every type – from replacement teeth to electric cars to finished houses – can already be printed anywhere in the world from a 3-D printer. Huge numbers of factories are therefore going to close, and road, sea and air logistics will become superfluous to a large extent. On top of that, home-office and home schooling will be part of the new normal, as will telemedicine and cryptocurrencies. 

These developments will destroy hundreds of millions of jobs worldwide and with them the means of existence for an equally large number of people. This in turn brings grave consequences in its wake because these people will no longer be able to buy goods and services – the fuel of any trade-based economy – nor will they be tax payers.

Because the previous money system was based on value creation through human labour, artificial intelligence and robot automation take the ground out from under it. But instead of disassembling the current money system – made redundant by these recent developments – and erecting a new one in its place, those who benefit most from the present system are doing everything  they can to keep it working to their benefit.

But this ambition confronts them with a very difficult problem: a gradual transformation of extant society into the “new normal” would meet with growing resistance from within the population, very likely to social unrest and possibly popular uprisings and even civil war. The elites therefore have to come up with a different strategy, which is exactly what they have been doing, with great dedication, for the last few years. The result of their efforts is captured in the coming WEF summit’s title: “The Great Reset”.

This reset is nothing other than a form of shock therapy; the changes will be rolled out at high speed, not gradually. And to this end, the elites have obviously found a perfect partner: the new corona virus.

They have used it to create a scape goat they will blame for everything – from the lockdown and its massive layoffs to the forced wearing of masks, closed borders and the steady disappearance of cash. Officially, then, it is not elite selfishness that has brought about the changes and restrictions, it is their concern for the wellbeing of the people – an absurd reversal of the facts that is currently accepted by a majority.
What does all this mean for our future?

Because up to now only a part of the changes has been implemented and we therefore find ourselves in the initial phase of the Great Reset, it is almost certain that further intensification of the measures enacted thus far awaits us. And this is exactly the role to be played by the second wave in stoking fear and panic. If this proves insufficient, state-appointed virologists will wheel out other threats, such as the recent outbreak of bubonic plague in China.

That large companies are being used to conjure up infection “hotspots” and different smaller, regional locations are being ordered into lockdown should not be seen as happenstance. These measures, as well as capturing biometric data from people, serve the targeted monitoring of potential trouble spots and will play a very significant role in the coming phase in terms of sustaining state regulations.

This development will be accompanied by an ideological campaign whose building blocks can be marvelled at on the WEF homepage, and elsewhere. Factory closures and the collapse of the logistics sector will be sold to us as “climate protection” due to the reduction in emissions. The helicopter money required by the millions of unemployed, which will serve purely and simply to stimulate demand, will be sold to the public as an “unconditional basic income”. And the digitisation of the middle classes will be idealised as the path to a more just future, even though the process will be nothing other than the subjugation of medium-sized businesses to internet platforms whose market power is already reaching the immeasurable.

All of this sounds extremely depressing and demonstrates that the financial elite – roughly 0.001 percent of the world population – is engaged in a process of leading the rest of humanity into a sort of digital dictatorship. Particularly depressing is that the vast majority of humanity has not yet begun to resist.

But this may well change profoundly in coming weeks and months. The effects of the lockdown and other measures to flatten the second wave will wreak such monstrous social and economic damage, that many of those untouched so far will increasingly find themselves in opposition to the system through their own experiences.

Precisely this conflict, which will impact millions of people, should be seen by us all as a positive challenge; it offers a unique opportunity to explain to a great number of the uninformed that the Great Reset is nothing other than an attempt to perpetuate a system that history wants to move beyond. Perpetuating it serves only a tiny minority while leading the majority into a future resembling a digital prison in which an individual’s personal development is determined by algorithms, in which social life is monitored and controlled, and democratic freedoms will only be granted insofar as they do not get in the way of high-powered computers.

1 comment:

Unknown said...

Thank you for the translation! :) *