by Paul Joseph Watson, Modernity News:
Klaus Schwab, who founded the World Economic Forum in the 1970s and shaped globalist discourse for decades, has been swept away by the Trump Revolution, Professor Felipe J. Cuello, a member of Donald Trump’s 2016-17 transition team’s Foreign Policy Implementation unit, tells Sputnik.
Schwab’s descent into irrelevance began more than a decade ago amid “the rise of the big conglomerates like BlackRock” that “made Davos-type coordination much less necessary,” says Professor Felipe J. Cuello.
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BlackRock and two other Wall Street behemoths—Vanguard and State Street—benefited greatly from former president Barack Obama’s fiscal expansionist policies in the late 2000s, according to Cuello.
They particularly capitalized on Obama’s so-called “helicopter money” scheme, the Troubled Asset Relief Program (TARP) and enacted in October 2008, which allowed them to buy AAA-rated US companies and properties at a huge discount.
“Such concentration of wealth, with government backing, came from what was supposedly the most leftist president ever elected, but the facts are the facts,” Cuello notes.
“What those companies have done with that money, however, is most certainly ideological—the conglomerates were the main force behind DEI, mainstreaming the climate agenda throughout society, also the main funders of Black Lives Matter and the LGBT* movement,” he adds.
As a result, Davos paled in comparison to the Wall Street giants, who were actively promoting woke ideology.