THE GREAT RESET: A Plan to Change the World by Destroying Its Economy

U.S. Secretary of State John Kerry sits with World Economic Forum Founder Klaus Schwab before the Secretary addressed attendees on January 22, 2016, at the WEF’s annual meeting in Davos, Switzerland. [State Department Photo/Public Domain]

At GIS, Emmanuel Martin, an economist who has worked with the Cato Institute, and who is currently the senior lecturer in economics at the Aix-Marseille University and Catholic Institute of Vendée in France, explains why such economy-destroying “de-growth” movements are so bad. He writes:

While many city dwellers in affluent countries, especially Generation Z, sympathize with degrowth, they are utterly dependent on growth. Eighty percent of the now city dweller population in OECD countries is sustained by a complex, modern, industrial economic system. What are these people to do? Much of the secondary and tertiary sector would now be “unnecessary.” Which urban garden will they grow?

The Yellow Vest movement in France’s big cities and their peripheries began precisely as a response to increased taxation on gas – meant to incentivize CO2 reduction. It is hard to imagine how degrowth policies will be accepted socially.

The green-inspired policies have undermined one critical condition for growth – energy availability. Disinvestment in traditional fossil energies has taken place, reinforced by the ideas of stakeholder capitalism and the Great Reset. The war in Ukraine has only increased existing trends concerning energy supply, especially in Europe, where disinvestment also concerns nuclear energy.

To some extent, degrowth is now becoming an almost self-fulfilling prophecy. French President Emmanuel Macron recently warned of “the end of abundance.” The current energy and inflation crisis puts degrowth to a new test.

You read about Macron’s “time of abundance,” comments here. The perpetrators of the Great Reset are asking you to give up your standard of living in order to pursue a world in which only the wealthy and connected will be able to maintain a modern life. When plentiful energy and economic growth are denied, the middle classes of the world will disappear. Only the wealthy will be able to afford the luxuries of modern life.

Action Line: World leaders like America’s “Climate Czar” are forcing artificial scarcity on their citizens. Man-made disasters are the next threat to the world’s people. You need to prepare your family. If you need help, guidance, and encouragement to prepare your family’s financial and personal security, click here to subscribe to my free monthly Survive & Thrive letter. We’ll weather this storm together.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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