The History Of Davos And The World Economic Forum

Beginnings Of Davos And The World Economic Forum

Davos (Switzerland) is the name and place for the yearly meeting of the World Economic Forum. Originally called the European Management Forum, it was founded in 1971 by a business professor in Geneva, the infamous Klaus Schwab. That should be a familiar year to Bitcoiners, because it is the same year President Nixon took the U.S. off the remnant of the gold standard.

Achievements Of Davos

One would expect an institution as famous and well-regarded as the World Economic Forum would have many achievements to its name. However, even after 50 years, the list of achievements is very short! The WEF claims a hand in stopping a Turkish and Greek war in 1987, a role in German reunification, and helping to end apartheid in South Africa by hosting a handshake between Nelson Mandela and Frederik de Klerk in 1992. That’s about it. Recently, they have claimed some victories on the environmentalism front, too.

COVID-19 And The Great Reset

COVID-19 gave the World Economic Forum and Klaus Schwab the break they were waiting for. Schwab rapidly released his new book called “ The Great Reset,” making headlines around the world. If you didn’t know about the WEF prior to COVID, you do now.

Ideological Connections

Klaus Schwab has a deep Marxist past that starts with Father Hélder Câmara from South America. Câmara was invited to speak at the 1974 meeting of the then European Management Forum, and in that speech, Father Câmara called for wealth distribution in very clear language. He also became the first in a string of “Liberation Theology” priests to speak at the meeting over the years.

World Economic Forum On Stablecoins

Before we move on to the question-and-answer segment of the show, I outline a few times the WEF has spoken about Bitcoin. They are very much against bitcoin mining and often have levied attacks against it.

Questions And Answers

To wrap up the show, the guys from the Bitcoin Magazine livestream team, Chris Alaimo and Q, ask several questions about the Federal Reserve and the U.S. economic outlook for the next few months. It’s a great segment and allows me to flesh out my macro predictions. You’ll have to listen to find out!

--

--

We explore how markets evolve in this precarious time and enable our readers to survive and thrive. For more, please visit: https://btcm.co/.

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BTCM Research

BTCM Research

We explore how markets evolve in this precarious time and enable our readers to survive and thrive. For more, please visit: https://btcm.co/.