Kerby Anderson

The globalist vision isn’t as optimistic as it was in the past. At the World Economic Forum in Davos, BlackRock CEO Larry Fink (who also serves as a co-chair of the Forum), talked about how few people trust the gathered elites. “We believe that outside the United Nations, this is the largest gathering of global leadership” but is not trusted. He added that it has become “obvious that the world now places far less trust in us to help shape what comes next. If the World Economic Forum is going to be useful going forward, it must regain that trust.”

He did invite President Trump to speak, and that provided a contrast. Trump detailed his one-year accomplishments. “Growth is exploding. Productivity is surging. Investment is soaring. Incomes are rising. Inflation has been defeated. Our previously open and dangerous border is closed and virtually impenetrable.”

In an interview at Davos, Ray Dalio (Bridgewater Capital) proclaimed that “the monetary order is breaking down.” What he meant is “the fiat currencies and debt as a store hold of wealth is not being held by central banks in the same way” as in the past. He reminded them that the biggest market to move this year was the gold market.

His comments shouldn’t come as any surprise. I have two of his books on my shelf: The Changing World Order and How Countries Go Broke.

The U.S. has a debt problem and a dollar that continues to decline in value. But most of the other countries in the world represented there have an even greater problem. Unfortunately, the leaders in those countries seem content to continue down the path that led them there. Gone is the globalist optimism of years past.