The World Economic Forum (WEF) has a “dystopian vision” of the future, and Bitcoin is one of a number of “new technologies that allow us to get away” from the WEF’s Great Reset plans, said Roger Huang, Contributor to Forbes Magazine.
Huang said, “I think that [the WEF’s vision of the future] is a very dystopian vision… It benefits the World Economic Forum and those who are asset-holders… If you want a society that consumes as much as possible, is taxed as much as possible, is controlled as much as possible, then that vision of the World Economic Forum, which is largely controlled by policy elites, is the one that you would want.”
Huang spoke with David Lin, Anchor and Producer at Kitco News, at the PDAC 2022 Conference in Toronto.
You Will Own Nothing and Be Happy?
In November of 2016, Ida Auken, a Danish MP and WEF Agenda Contributor, penned an article predicting that in the future, most people will own nothing, owe nothing, and be content.
The article starts as follows, “Welcome to the year 2030. Welcome to my city – or should I say, ‘our city.’ I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or clothes.”
The lack of asset ownership is seen by many as a key feature of The Great Reset, which was the theme of the WEF’s 2020 meeting in Davos, Switzerland.
“Sadly, I think because of policy, a lot of people and younger generations… are actually going to face somewhat of this future,” said Huang. “And we see that now, especially in the West, [where] you have different places you can’t really afford your own house. You can’t really build your own family.
Huang added that “they are driving us to this vision, this dystopian version of a world where everybody is asset-less, and those who own the assets can benefit from the wealth… it stems from the top, it stems from policy environment, it stems from interest rate targeting, and it stems from whether or not, quite frankly, a society is encouraging savings or is encouraging all of its current members to consume as much as possible.”
Bitcoin
Huang said that because it is a “self-custody asset,” is decentralized, and is not controlled by any individual entity, Bitcoin can escape government control.
Since 2017, Bitcoin has been illegal to own in China, and several countries are ramping up regulation of cryptocurrencies. At the same time, nations like El Salvador and the Central African Republic are adopting Bitcoin as legal tender.
“You have governments trying to ban [Bitcoin],” said Huang. “But even China’s ban on Bitcoin miners shows the resilience of the network itself. China, the second most powerful nation state in the world, imposed essentially a fiat ban on Bitcoin mining. You saw the hash rate in the network adapt to that within, I think, two to three months because people moved out of the country and continued mining.”
Huang said that as we move to a multipolar world, with less U.S. dominance, Bitcoin may be adopted as a world reserve asset.
“Because of the way [Bitcoin] is built, because of the fact that Satoshi, its founder, is not affiliated with any ideological camp… it allows for the potential [for Bitcoin as a world reserve currency].”
To find out Huang’s thoughts on Web3, the Metaverse, and Blockchain, watch the above video.
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