The World Economic Forum kicks off this week online, rather than the usual Swiss alpine town of Davos.
What happens there? Well the worlds richest and most influential people meet up to discuss solutions to the problems that they and their corporations have largely caused.
The WEF is run by Klaus Shwab and is the epicentre of the Globalist movement and the Great Reset. This is the organisation behind narratives such as ‘build back better’, ‘the great reset’ and seeks to refashion capitalism by pushing it in a new direction towards “stakeholder capitalism”. Which is to say that a company should make the wider community the companies top priority rather than its share holders. This of course, sounds lovely on the surface until you realise when they say ‘community’, the reality would be government bureaucrats sitting on company boards.
The founder of the WEF, Klaus Shwab stated at this years Davos Global Agenda event:
“Everyone hopes that in 2022 the COVID-19 pandemic, and the crises that accompanied it, will finally begin to recede, but major global challenges await us, from climate change to rebuilding trust and social cohesion. To address them, leaders will need to adopt new models, look long term, renew cooperation and act systemically.
Klaus Shwab, founder of the World Economic Forum
Every year the WEF attack Bitcoin on it’s environmental credentials and this year is no different. In their 2022 report, British academic writes that in 2022 we are likely to see:
“stronger public opposition” to bitcoin on environmental grounds, which could force regulators to act more decisively. If again we see ordinary folks freeze to death in places like Texas, the bitcoin bros will be out on their ears.”
Pete Howson, senior lecturer in international development at Northumbria University
The same report included polling data from YouGov that suggests between 40% and 65% of British people over the age of 35 would be in favour of a crypto ban ‘to tackle climate change’.
Source: WEF report ‘What’s next for bitcoin and crypto?‘
Now personally, I hold these polls to be highly suspect. This particular polling company made similar ridiculous claims about public support for extreme pandemic lock down polices including banning nightclubs forever, nevertheless they are used to justify further regulation by the government.
Responding to a 2020 prediction by the WEF, which predicted Bitcoin mining would use “all the world’s electricity by 2022, Lyn Alden writes:
I think Lyn Alden is right when she says this analysis is often done by someone who knows very little about how bitcoin works.
- Bitcoin mining council estimates 58.5% of bitcoin is mined with renewable power.
- Much of the non renewable power used is captured from run-off sources, where has they not been used to mine bitcoin they would have been wasted anyway.
- Bitcoin incentivises those who have access to the cheapest sources of power to mine it.
- Bitcoin also has the potential to revolutionise the energy market by allowing energy producers to transfer energy value. Often energy sources are in remote and inhospitable and sparsely populated areas like Northern Canada. With Bitcoin these sources of power can be used to mine bitcoin cheaply and then that bitcoin can be used to subsidise power in areas with more demand.
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Music: “Someone Cries” – Produced by Andrew Holt
