Klaus Schwab, the founder of the World Economic Forum (WEF), this week delivered the opening remarks at the "Annual Meeting of the Global Future Councils" in Dubai.
This occasion marked a significant shift in the organization's history.
For the first time in more than half a century, Schwab was not introduced with his familiar title of "executive chair".
Although he will from January 2025 no longer hold the top position, the same old agendas and dystopian visions continue unabated.
The WEF is currently championing a troubling vision aimed at transforming Western nations into a high-surveillance society.
More accurately, an elaborate prison disguised as a world built on progress and sustainability.
And yes, that includes Australia.
Digital Gulags
At the core of this transformation lies the push for Central Bank Digital Currencies (CBDCs).
In a recent, rather extensive white paper, the WEF cited China’s digital yuan as a model for Western nations.
A crucial aspect of this initiative is that digital currencies and digital IDs go hand in hand.
Proponents claim that CBDCs can reduce cash dependency and “democratise” banking access.
However, the reality is far more insidious.
With every transaction monitored and tracked, the idea of financial freedom dissipates, replaced by a system that operates under constant surveillance. The WEF’s use of progressive language like "inclusion" to promote potentially authoritarian control is particularly disturbing.
In their case studies, the WEF highlights China’s digital currency as a model of financial inclusion, celebrating how it integrates underserved populations into the financial system.
Yet, this praise overlooks the reality that CBDCs could centralize control in the hands of governments, potentially limiting financial freedoms.
Also, while the language of inclusion suggests greater accessibility for marginalized groups, the average person does not have a meaningful say in these transformations. The WEF calls for collaboration between governments and the private sector but provides little indication of how everyday citizens will be empowered to influence these shifts.
Hint: they won't.
Instead, the focus remains on top-down control, where the financial systems are shaped by millionaires and billionaires. You know, everyday people like you and me.
Very soon, if the WEF has its way, citizens will have little option but to provide identification linked to their financial activities, creating an all-encompassing framework of control.
The mantra that “there’s no such thing as a free lunch” rings true here.
The expediency that digital currencies promise is directly proportional to the erosion of individual privacy.
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