Anonymous ID: 27799a GREAT ECONOMIC RESET July 19, 2020, 11:07 a.m. No.10010652   🗄️.is 🔗kun   >>0660 >>0677 >>0888

https://thehill.com/opinion/energy-environment/504499-introducing-the-great-reset-world-leaders-radical-plan-to

 

For decades, progressives have attempted to use climate change to justify liberal policy changes. But their latest attempt – a new proposal called the “Great Reset” – is the most ambitious and radical plan the world has seen in more than a generation.

 

At a virtual meeting earlier in June hosted by the World Economic Forum, some of the planet’s most powerful business leaders, government officials and activists announced a proposal to “reset” the global economy. Instead of traditional capitalism, the high-profile group said the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs.

 

“Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed,” wrote Klaus Schwab, the founder and executive chairman of the World Economic Forum, in an article published on WEF’s website. “In short, we need a ‘Great Reset’ of capitalism.”

 

Schwab also said that “all aspects of our societies and economies” must be “revamped,” “from education to social contracts and working conditions.”

 

Joining Schwab at the WEF event was Prince Charles, one of the primary proponents of the Great Reset; Gina Gopinath, the chief economist at the International Monetary Fund; António Guterres, the secretary-general of the United Nations; and CEOs and presidents of major international corporations, such as Microsoft and BP.

 

Activists from groups such as Greenpeace International and a variety of academics also attended the event or have expressed their support for the Great Reset.

 

Although many details about the Great Reset won’t be rolled out until the World Economic Forum meets in Davos in January 2021, the general principles of the plan are clear: The world needs massive new government programs and far-reaching policies comparable to those offered by American socialists such as Sen. Bernie Sanders (I-Vt.), and Rep. Alexandria Ocasio-Cortez (D-N.Y.) in their Green New Deal plan.

 

Or, put another way, we need a form of socialism — a word the World Economic Forum has deliberately avoided using, all while calling for countless socialist and progressive plans.

Anonymous ID: 27799a July 19, 2020, 11:16 a.m. No.10010775   🗄️.is 🔗kun

COVID has been a cloak for the NWO FINANCIAL RESET

 

It's already in play

 

>>10https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset010660

 

https://cib.db.com/insights-and-initiatives/flow/cash-management/leaving-libor.htm

By the end of 2021, Libor will have all but disappeared. Helen Sanders looks at what treasurers should consider amid the phasing out of this widely used benchmark interest rate

 

For the past 40 years, the London Interbank Offered Rate (Libor) has been the touchstone for financial instruments, the world’s most widely used benchmark interest rate, reflecting the reference rate at which banks lend and borrow between themselves. By the end of 2021, Libor will disappear, if not completely then at least effectively. Libor’s retirement has repercussions that reach significantly beyond the interbank market. Libor is the basis of around US$200trn of loans and derivatives (10 times the size of US GDP1), from variable rate loans to interest rate swaps, and is referenced in both financial and commercial contracts globally.2 For corporate treasurers, the impact is extraordinary, from the legal validity of contracts to the cost of borrowing, hedge effectiveness of derivatives and the wider accounting implications of changes to the reference rate. Effectively, the end of Libor is one of the most significant events of most treasurers’ careers.

 

https://www.livemint.com/opinion/columns/opinion-there-s-no-time-to-lose-in-preparing-for-the-death-of-libor-11570524963703.html

 

https://www.mondaq.com/unitedstates/commoditiesderivativesstock-exchanges/885230/the-death-of-libor-and-the-afterlife

 

https://www.reuters.com/article/us-britain-libor-transition-analysis/the-end-of-libor-the-biggest-banking-challenge-youve-never-heard-of-idUSKBN1WN0H4

 

https://www.americanbanker.com/news/is-the-end-of-libor-a-threat-to-financial-stability

Anonymous ID: 27799a July 19, 2020, 11:28 a.m. No.10010888   🗄️.is 🔗kun

>>10010652

https://www.heartland.org/news-opinion/news/global-elites-announce-great-reset-planand-its-even-more-radical-than-the-green-new-deal

Global Elites Announce ‘Great Reset’ Plan—And It’s Even More Radical Than the Green New DealGlobal Elites Announce ‘Great Reset’ Plan—And It’s Even More Radical Than the Green New Deal

 

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