"The Great Reset" What does this mean for you.

[Richard Hall + 25]

6 hours ago, Wombat said:

Just the same ol "hot air" as usual. More wasting of breath and resources.

@Wombat I agree to an extent however if the head of IMF is saying that a digital currency is the only answer then is most likely is on the cards.  The Ponzi scheme we call the financial system has clearly run its course, engineered or not that bubble is literally about to burst and I believe by early to mid next year it will be in full collapse along with society in general will have happened and we will be looking to someone with a solution and the IMF along with the HLAB of the UN will seize the chance to move forward.

[Richard Hall + 25]

On 6/11/2020 at 12:37 AM, Douglas Buckland said:

Apparently not all lives matter. If you are protecting your business or your home - your life doesn’t matter. If you are a policeman (who was not involved in any way, shape, or form, with the death of Mr. Floyd) - your life doesn’t matter. If you are ‘white’ - your life doesn’t matter. If you have worked your ass off and have more ‘stuff’ than a rioter - your life doesn’t matter.

So, as you can see, not all lives matter!

@Douglas Buckland You are right to crank your sarcastic dial to 11.  It is a movement with such gray area that the only outcome will be division and division based on zero logic.  I think if any movement should be projected is Poor lives matter as the only real privilege I have seen is wealth privilege.  But there is no skill in sparking rage among a generation that are already incapable of controlling their emotions and have no mental capacity to use up their Instagram time to research facts and statistics or even just spot a pattern.  

Edited July 8, 2020 by Richard Hall
Spelling

[Wombat + 1,028]

7 minutes ago, Richard Hall said:

@Wombat I agree to an extent however if the head of IMF is saying that a digital currency is the only answer then is most likely is on the cards.  The Ponzi scheme we call the financial system has clearly run its course, engineered or not that bubble is literally about to burst and I believe by early to mid next year it will be in full collapse along with society in general will have happened and we will be looking to someone with a solution and the IMF along with the HLAB of the UN will seize the chance to move forward.

I would have agreed with you on that until the last couple of days. Most people that know me think I am a "perma-bear" due to my concerns with record debt levels and the zero-bound of interest rates. I have become a lot more optimistic just in the last few days, however, as I no longer believe that housing markets are going to crash nearly as bad as last time. I am not hearing all the banking problems that led to the last collapse this time around.

[Richard Hall + 25]

13 minutes ago, Wombat said:

I would have agreed with you on that until the last couple of days. Most people that know me think I am a "perma-bear" due to my concerns with record debt levels and the zero-bound of interest rates. I have become a lot more optimistic just in the last few days, however, as I no longer believe that housing markets are going to crash nearly as bad as last time. I am not hearing all the banking problems that led to the last collapse this time around.

I sincerely hope you are correct on this one and that the "banking problems" are not being hidden. I think housing is the easiest thing to sell as they have already been paid for and they don't accumulate debt (for the seller) only the buyer, unless they are new builds but even then the materials are already bought and paid for and just sitting in the distribution warehouses, the labour is the costly part. Also difference between this time and the last is that not all 179 Nations under the umbrella of the UN slowed to to a financial crawl last time which just basically put all of them into an unrecoverable debt scenario. I guess time will tell soon enough what direction we are going.  It will be a while before spending will become comfortable again, people will not eat at restaurants now that they must wear masks, they will not go to stadiums or concerts or go on vacations.  We are just passing around IOU's for products that are already paid for ie food.

[Wombat + 1,028]

17 minutes ago, Richard Hall said:

I sincerely hope you are correct on this one and that the "banking problems" are not being hidden. I think housing is the easiest thing to sell as they have already been paid for and they don't accumulate debt (for the seller) only the buyer, unless they are new builds but even then the materials are already bought and paid for and just sitting in the distribution warehouses, the labour is the costly part. Also difference between this time and the last is that not all 179 Nations under the umbrella of the UN slowed to to a financial crawl last time which just basically put all of them into an unrecoverable debt scenario. I guess time will tell soon enough what direction we are going.  It will be a while before spending will become comfortable again, people will not eat at restaurants now that they must wear masks, they will not go to stadiums or concerts or go on vacations.  We are just passing around IOU's for products that are already paid for ie food.

I reckon the USA has a few advantages over most Western nations. Under Trump, the govt debt to GDP ratio finally plateaued (until covid came along) so the USA went into this whole mess from a better start than most. Also, I think the number of oil rigs has almost bottomed out (next few weeks), and oil price will start to rise again soon after. Of the 6-7 NG pipelines being constructed in the Permian, I have only heard of one that is no longer going ahead. Some LNG plants have also seen FID delayed, but most still going ahead. The price of copper is finally starting to recover a bit, and I put a lot of faith in "Dr Copper" as an indicator of global growth. I reckon the covid pandemic will be over by Xmas, given that reported cases are rising dramatically in USA but death rates are falling. Should only take a few more months for people to get over their mass paranoia. Sure, a lot of damage will have been done, but the fiscal and monetary response has been triple that after Lehmann and has been much swifter. After the "great recession" officially ended, I predicted that USA would have very long and healthy expansion. I was right, it was actually a record expansion and would have kept going if not for covid. I think similar thing will happen this time around, primarily due to rebound in oil&gas industry. That is my take on things, but as you say, time will tell

[Dan Warnick + 6,100]

3 hours ago, Richard Hall said:

I sincerely hope you are correct on this one and that the "banking problems" are not being hidden.

That's the multi-trillion dollar question, isn't it?

[Dan Warnick + 6,100]

3 hours ago, Wombat said:

Also, I think the number of oil rigs has almost bottomed out (next few weeks), and oil price will start to rise again soon after.

It's already up $65!  What more could you ask for?  (remember -$35 ish?)

[Richard Hall + 25]

9 minutes ago, Dan Warnick said:

That's the multi-trillion dollar question, isn't it?

They usually don't exercise truth at the best of times, part of the 6 trillion stimulus being injected into the market makes any statistic or report unreliable.  I tend to watch what the IMF plan to do, they are the ones that run the reserves.

[Richard Hall + 25]

11 minutes ago, Dan Warnick said:

It's already up $65!  What more could you ask for?  (remember -$35 ish?)

Isn't $50 the break even number? unless it his + $70 and stays there those 10 000 being laid off at BP might be the start of many.

[Dan Warnick + 6,100]

3 minutes ago, Richard Hall said:

Isn't $50 the break even number? unless it his + $70 and stays there those 10 000 being laid off at BP might be the start of many.

I believe most of the Pros around here believe @ $65 is the magic number.

[Richard Hall + 25]

3 minutes ago, Dan Warnick said:

I believe most of the Pros around here believe @ $65 is the magic number.

still $25 off that mark could be a while before it hits that.  Hard to say though this certainly allowed entities to buy up a lot of cheap stock.  China's volume has sky rocketed so I am sure someone took advantage of the oil price war in SA.  In fact the Covid came at the perfect time to lock everyone out of the way and kill off the major demand for oil consumption or SA would of clearly cornered that market.  It was BS timing on their part but quite possible the greatest counter on their initial attack of the oil market.

[Wombat + 1,028]

8 hours ago, Richard Hall said:

They usually don't exercise truth at the best of times, part of the 6 trillion stimulus being injected into the market makes any statistic or report unreliable.  I tend to watch what the IMF plan to do, they are the ones that run the reserves.

The IMF wouldn't know if their ass was on fire. You might find these links interesting: https://www.marketwatch.com/graphics/coronavirus-economic-recovery-tracker/?mod=promo_mw#/       and this   https://www.marketwatch.com/graphics/coronavirus-economic-recovery-tracker/?mod=promo_mw#/

[Richard Hall + 25]

11 hours ago, Wombat said:

The IMF wouldn't know if their ass was on fire. You might find these links interesting: https://www.marketwatch.com/graphics/coronavirus-economic-recovery-tracker/?mod=promo_mw#/       and this   https://www.marketwatch.com/graphics/coronavirus-economic-recovery-tracker/?mod=promo_mw#/

Oh I agree they are an awful organization in fact anything UN is, but they do have their 10 fat fingers and thumbs in a lot of pies and are heavily funded and in incredibly influential.  I saw a great presentation on how they are actually taking what seems to be a Technocratic approach not a socialist one like many suggest.

 

I do find the link interesting, thank you. seems to be a double link, was their a second one that you didn't copy properly? 

[Wombat + 1,028]

23 minutes ago, Richard Hall said:

Oh I agree they are an awful organization in fact anything UN is, but they do have their 10 fat fingers and thumbs in a lot of pies and are heavily funded and in incredibly influential.  I saw a great presentation on how they are actually taking what seems to be a Technocratic approach not a socialist one like many suggest.

 

I do find the link interesting, thank you. seems to be a double link, was their a second one that you didn't copy properly? 

Yes, this one: https://www.marketwatch.com/story/heres-how-the-stock-market-tends-to-trade-after-brutal-selloffs-like-thursdays-2020-06-11?mod=mw_latestnews    I know the S&P 500 is trading at 25 x PE (very expensive) but my hunch is that large corporations earnings not going to be as severely affected this time around. The problem seems more concentrated in small business. You could be right, the banks may be hiding something, particularly in regards to commercial property but most of their business is residential mortgages and that is always the elephant in the room. However, despite the huge unemployment rate, the property market does not seem to be displaying the signs of distress that occurred during the "sub-prime" meltdown. Might be just a matter of time, but house prices and banks have not made the headlines so far which is what has me wondering whether this time really is different. I also wonder if the banks are simply taking a different approach this time, letting unemployed home-owners take a payment holiday rather than foreclose in order to prevent a melt-down. That is what is happening here in Australia, at least for 6 months. I understand the US "600/week bonus" unemployment benefit runs out at the end of the month and the pollies squabbling over shape of next stimulus. Similar thing happening here, the talk is all about "the cliff" when the govt support and the bank holidays all end at the same time at end of September. This is certainly not your "standard" recession/financial crises. Really could go either way I reckon. All I know is that it probably too early to assume this crisis going to morph from health/economic crisis to full-blown financial crisis. I saw the last crisis coming based purely on level of household debt but this one really has me scratching my head due to the large number of variables involved. I tend to think of economics in "arrows". Some point up and some point down. In case of USA, I see as many "green shoots" (or upwards arrows), as there are downward arrows. Those graphs in the first article basically all show upwards movement and I think you will see the same with activity in your oil&gas sector within 2 months. Europe, on the other hand, really is a basket-case. With China recovering strongly, Australia and Canada should do fine, and the coming rise in the oil price will lift many other boats too. I am not always the optimist, but I just have a feeling that USA going to weather this storm much better than last one. The only caveat: If Biden wins, then yes, US is screwed

[El Nikko + 2,145]

 

[Tom Nolan + 2,443]

Richard Hall brings up “The Great Reset” as originated and promoted by the World Economic Forum.  Video at link, but YouTube Channel – “World Economic Forum” has a short 2 minute version which I find alarming.  https://www.weforum.org/great-reset/

 

October 18, 2019 – EVENT 201 -  It should be emphasized that the World Economic Forum along with the Bill and Melinda Gates Foundation sponsored an exercise-drill involving many professionals entitled “Event 201”.  There are 5 hours of video detailing this exercise available at the World Economic Forum website which anyone can watch.  The videos themselves mirror exactly what has been occurring in this recent Covid-19 months, including the media propaganda aspects to be used to control the population.   Watch them, you will see.  By the way, on October 18, 2019 the International Military Games in Wuhan China also occurred and you can watch the video online.   In a previous OilPrice post, I included links to all of these with videos from the source.    

This October 2109 Event 201 drill was about a worldwide pandemic novel-coronavirus which throws the world on its head, killing millions and having businesses around the globe shut down.  You can get a variety of links to Event 201 along with other related information at The Corbett Report’s referenced footnotes in Episode 373 – Medical Martial Law 2020  https://www.corbettreport.com/mml2020/   - It is highly recommended that a person read or watch the “Who is Bill Gates” series.  https://www.corbettreport.com/gates/

 

As part of “The Great Reset” we will see an International I.D. on every individual (like India or China’s “Social Credit Score”).  All data collected about an individual will be connected to the I.D. along with money.  This will be how all future activity (including carbon footprint) is monitored and how monetary transaction will take place.  Currently Mastercard is teaming up with digital I.D. monitoring applications along with Bill Gates funded GAVI to implement vaccines and money and a digital ID.  Article ”Africa to Become Testing Ground for “Trust Stamp” Vaccine Record and Payment System:  A new biometric identity platform partnered with the Gates-funded GAVI vaccine alliance and Mastercard will launch in West Africa and combine COVID-19 vaccinations, cashless payments, and potential law enforcement applications.”   https://www.mintpressnews.com/africa-trust-stamp-covid-19-vaccine-record-payment-system/269346/

 

This 13 minute video gives a brief, easy-to-digest overview of the World Economic Forum’s Event 201, Bill Gates and agendas lined up for your future.

[Tom Nolan + 2,443]

It is well documented that everything which you do on electronic Smart devices and "Google" and Social Media and Aps on your phone is all data collected.  A mega profile is being built on each of us using these electronic formats.

Part of "The Great Reset" is the new coming in September "CovidPass" promoted by the folks who help sponsor "The World Economic Forum.   Two minute video on the World Economic Forum FACEBOOK page.

https://www.facebook.com/worldeconomicforum/videos/309402357138382/

 

[Tom Nolan + 2,443]

Derek Broze has an excellent, referenced article entitled

COVID19, The Great Reset & The New Normal

https://www.activistpost.com/2020/07/covid19-the-great-reset-the-new-normal.html

[Keith boyd + 178]

"The great reset" in my opinion is one of many socialist and leftist double speak.

In the mind of the leftist, who believes they are oppressed, the great reset is taking away the power of those in power and making everything fair and equal. Then because the leftist knows how morally superior they are, they will be the natural choice to take over leadership of the society which they will make fair and equal by oppressing everyone who disagrees with them and stealing the wealth of anyone who has more then them. Thus becoming the oppressor themselves. But leftists dont really think things through to the end they kinda just go with it in the moment you know. 

 

In reality the great reset is a financial terminology. It refers to redistributing the wealth from the middle class to the rich.  Everyone will be equal when everyone owns nothing and "no one" owns everything. 

[specinho + 467]

On 6/12/2020 at 12:00 AM, Richard Hall said:

  I tend to watch what the IMF plan to do, they are the ones that run the reserves.

All will go to Bangladesh??

1 hour ago, Keith boyd said:

"The great reset" in my opinion is one of many socialist and leftist double speak.

In reality the great reset is a financial terminology. It refers to redistributing the wealth from the middle class to the rich.  Everyone will be equal when everyone owns nothing and "no one" owns everything. 

The latest trend has it roughly like this:

1. neutral gender toilet - taking care of the confused gender.....

2. neutral fashion - taking care of the "opt-in" gender

3. etc

Hence, a general deduction about the great reset could be about neutralists..... who believe in hierarchy but also try to promise equality........ confused yet opt-in.......

[Tom Nolan + 2,443]

10 hours ago, Keith boyd said:

"The great reset" in my opinion is one of many socialist and leftist double speak.

The ideology of the World Economic Forum is neither left nor right, nor progressive or conservative, it is also not fascist or communist, but outright technocratic. As such, it includes many elements of earlier collectivist ideologies.

https://mises.org/wire/lockdowns-great-reset

[Tom Nolan + 2,443]

I think this is the best brief summary I have read about "The Great Reset" and how the Plandemic plays a role.-TN

EXCERPTS

…For the individual, one’s identity is reduced to an app or chip that registers almost any personal activity. In order to gain a few individual rights, and be it only to travel to a certain place, a person must balance such apparent privileges with his submission to a web of regulations that define in detail what is “good behavior” and deemed as beneficial to humankind and the environment.

For example, during a pandemic, this sort of control would extend from the obligation of wearing a mask and practicing social distancing to having specific vaccinations in order to apply for a job or to travel.

It is, in short, a type of social engineering which is the opposite of a spontaneous order or of development. Like the mechanical engineer with a machine, the social engineer—or technocrat—treats society as an object…

…The Agenda

The plan for an overhaul of the world is the brainchild of an elite group of businessmen, politicians, and their intellectual entourage that used to meet in Davos, Switzerland, in January each year.

Brought into existence in 1971, the World Economic Forum has become a megaglobal event since then. More than three thousand leaders from all over the world attended the meeting in 2020.

Under the guidance of the WEF, the agenda of the Great Reset says that the completion of the current industrial transformation requires a thorough overhaul of the economy, politics, and society. Such a comprehensive transformation requires the alteration of human behavior, and thus "transhumanism" is part of the program.

The Great Reset will be the theme of the fifty-first meeting of the World Economic Forum in Davos in 2021.

Its agenda is the commitment to move the world economy toward “a more fair, sustainable and resilient future.”

The program calls for “a new social contract” that is centered on racial equality, social justice, and the protection of the nature. Climate change requires us “to decarbonize the economy” and to bring human thinking and behavior “into harmony with nature.” The aim is to build “more equal, inclusive and sustainable economies.”

This new world order must be “urgently” implemented, the promotors of the WEF claim, and they point out that the pandemic “has laid bare the unsustainability of our system,” which lacks “social cohesion.”….

From Lockdowns to "The Great Reset"  by Antony P. Mueller

https://mises.org/wire/lockdowns-great-reset