I post this article because Benjamin Fulford has talked about Davos and the World Economic Forum. Benjamin exposed recently that a Vatican (Illuminati) Banker named Dal Basco tried to cash in the stolen bonds worth nearly $1 Trillion dollars with elites that head the World Economic Forum in Davos, Switzerland. You can catch a brief overview of the case at this article link here.
The World Economic Forum has just ended and this is one of the first reports that came out regarding what took place in Davos. Seems like there is no urgency from elites after reading this article. ~e
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Davos is just an ego trip for the 1%
Commentary: What’s wrong with Davos and how to fix it
By David Weidner, MarketWatch
NEW YORK (MarketWatch) — The World Economic Forum in Davos, Switzerland, has just wrapped up, and the world is a better place.
Now we know which billionaire can ski and solve — or perhaps cause — a banking crisis at the same time.
If it sounds silly, it’s nothing compared to the four-day event in one of the most exclusive ski resorts in the world. After wrecking the global economy, the powerful and rich are back to their insulated worlds. In one session, panelists and the audience were asked if 20th century capitalism was failing in the 21st century society. Read full story on Davos panel .
Almost no one raised their hand, except...
David Rubenstein, managing director of the private equity powerhouse Carlyle Group, Raghuram G. Rajan, Professor of Finance at the Booth School of Business at the University of Chicago; Ben Verwaayen, chief executive of Alcatel-Lucent ALU -1.12% ; and Brian T. Moynihan, CEO of Bank of America Corp BAC +0.99% .
In a nutshell, you can see the essential problem with Davos. It’s really not the “make the world a better place” forum it purports to be. It’s an ego trip for billionaires and politicians. It’s a place to reinforce the political and economic equation of haves and have-nots.
The billionaires who stormed Davos
Taking a look at the business community on hand at the World Economic Forum in Davos, Switzerland. Detractors who often chide the city for being too in tune with the global elite should back off their criticism, only 70 of the 2,500 attendees are billionaires. The rest are merely millionaires. Photo: Reuters.People who run hedge funds, banks and multi-national corporations can see that the global system is working just fine. And they’re right. It is for them.
And their message — from the heart of cuckoo clocks, pocket knives and premier chocolates — to the rest of the globe? Let them eat Cadbury.
And if you don’t believe it, consider Robert Frank, author of “Richistan,” “High-Beta Rich” and wealth reporter for The Wall Street Journal. In a recent appearance on the WSJ’s Mean Street program, Frank said Davos remains a hot ticket in a world getting crowded by billionaires; 70 attended last week.
“You have many people in the room who affect those global businesses from the political side in government or the business side,” Frank said. So, if you’re doing business globally, “in two or three days you can get a lot of information about those markets and maybe do some deals.”
The other reason?
“There are very few truly exclusive clubs that make you feel special. Davos remains one of those clubs.”
Now, there’s nothing wrong with having an exclusive club, or a global chamber of commerce meeting, or even calling it what it is: an old boys’ club schmoozefest.
