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June 14, 2020 | What The Hell Is The Great Reset?

John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with, he currently writes for CFA Magazine.

A friend just sent the following video, from someone named Spiro Skouras about something called the “Great Reset,” which the World Economic Forum (i.e., Davos) has just decided to impose on the rest of the global economy, using the “plandemic” as cover. The video’s title is The Great Reset Plan Revealed: How COVID Ushers In The New World Order.

Conspiracy videos are everywhere out there, and 99% of them are easily dismissed. But the technical quality of this one is good and the narrator is articulate. Meanwhile, the 130,000 views and 1,600 comments imply a decent-sized audience.

So instead of blowing it off, I Googled “Great Reset,” and found a very long Forbes article titled This Moment Calls For The Great Reset.  Here’s a small sample:

Behaving normally is typically to conform to some standard or regular pattern. To be normal is to act in accordance with a preexisting rule or principle. I’m not interested in the “new normal.” That presupposes the “old normal” was normal. None of it was normal prior to the pandemic. None of it was just when we analyze the thousands of people killed or injured by police officers.

It’s about as normal as seeing a Koala Bear roam the streets of Manhattan. That’s not normal; it’s abnormal.

Much of how we operated in society was unsatisfactory, questionable, and highly flawed. We became blind to those existing standards, rules, racial biases, and backward principles. It took a pandemic and the horrific murder of George Floyd to wake us all up from our collective coma.

If we simply use the “old normal” as a baseline to define our “new normal” while we wait patiently for a COVID-19 vaccine, we will have missed our chance to start anew. We will have squandered the opportunity to redefine how we work, how we live, how we care. I don’t want to see that happen.

The so-called “new normal” is not a moonshot; it’s the Space Shuttle Challenger disaster all over again. The next moonshot cannot be to improve upon our old normal.

Also near the top of the Google search is the site of the World Economic Forum itself. Here’s their (somewhat ominous) overview video:

This is new (to me), so there’s not a lot to say about it tonight. But the timing is interesting to say the least.

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June 14th, 2020

Posted In: Dollar

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