Thursday, January 23, 2025

Skousen CAFE: Why Are the Global Elite at Davos So Angry? 

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Why Are the Global Elite at Davos So Angry? 

By Mark Skousen
Editor, Forecasts & Strategies

01/23/2025

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And how many years can some people exist
Before they're allowed to be free?
Yes, and how many times can a man turn his head
And pretend that he just doesn't see?

The answer, my friend, is blowin' in the wind
The answer is blowin' in the wind

--Bob Dylan

This week, the global elite are convening once again in Davos, Switzerland. For decades, the World Economic Forum has been pushing their hidden anti-freedom agenda under the guise of environmentalism, climate change, social justice, equality and fairness.

And they have been winning. According to the Heritage Foundation, global economic freedom is at its lowest in 23 years. The United States also saw its lowest ranking in the index's 30-year history.



They have imposed all kinds of restrictions on our freedoms -- the cars we drive, the food we eat, the words we use in public, the income we earn…

As Jorge "Tuto" Quiroga, past president of Bolivia, warned recently, "Now, more and more of everything is either prohibited or mandated."

A New Paradigm Shift

But now, the world is witnessing a counter-revolution, in our favor! It started with the victory in Argentina by Javier Milei. The Argentinians were fed up with runaway inflation, excessive regulations and political corruption. They voted the Peronistas out and elected a free-market economist! And he's winning…

Then, last November, a bombshell hit the United States with the return of Donald Trump, a man the socialist deep state hated so much they impeached him twice, engineered election irregularities and tried to assassinate him, all to no avail.

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The counter-revolution is spreading to Canada… Europe… and even Vietnam. 

The Davos crowd is plenty mad because of recent events that have reversed their cherished goals, eliminated "diversity, equity and inclusion" (DEI) initiatives in government and education and "Environmental, Social and Governance" (ESG) policies in corporate America.

According to their annual report, their view of the world over the next decade is "markedly more negative" than ever, with "nearly two-thirds of respondents expecting a stormy and turbulent outlook."

Not surprisingly, they are aghast to see Donald Trump back in the White House, reversing the policies of the Biden/Harris administration from the past four years. No more DEI, no more ESG, no more pride flags, no more politicizing the justice system, no more climate change mandates. "Drill, baby, drill" is back.

Join the Counter-Revolution

In 2001, when I was president of the Foundation for Economic Education (FEE), the oldest free-market think tank, I witnessed first-hand the 9/11 terrorist attacks in New York City.

I knew that our freedoms were under threat as we entered the 21st century. So, I started what has become FreedomFest, "the world's largest gathering of free minds," the annual get together of all liberty lovers.

I thought: Isn't it time that all freedom lovers gather once a year to learn, network, socialize and celebrate liberty?

The 'Anti-Davos' Event of the Year

FreedomFest has been called many things: the Renaissance gathering of free minds… the Trade Show for Liberty… the New Mecca for Freedom Lovers… and the Greatest Libertarian Show on Earth.

All the major liberty lovers and their organizations have come to FreedomFest each year… authors, professors, editors, political leaders, scientists, educators, investors and business leaders… Top news media cover us… We have a full three-day investment conference and the popular Anthem film festival…

Here's some photos of our speakers and attendees: About Us - FreedomFest

Maybe we should call it the "Anti-Davos" conference. Instead of winter, we meet in the summer. Instead of Europe, we meet in America, the land of the free.

And now, our efforts are paying off. We're winning for a change.

Our mission is to challenge the "woke" culture, excessive environmentalism, burdensome regulations and high taxes, while championing the American spirit of life, liberty and the pursuit of happiness.

More universities, businesses and government agencies are rejecting ESG, DEI and the broader socialist agenda.

Like Davos, we gather once a year to learn, connect and socialize -- but our focus is on advocating for free markets and independent thought.

And we are winning the fight!

However, there is still much work to be done, and we will unveil our plans at this year's FreedomFest. Join us in Palm Springs, California, at the "Oasis of Liberty" -- yes, right in the heart of the beast itself -- and be part of the movement to defeat the opposition once and for all.

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New Speakers Added!

We have our own group of liberty loving global elites at FreedomFest and are adding new speakers every week. Newly confirmed experts:

Steve Forbes, our co-ambassador and winner of this year's Doti-Spogli Free EnterPRIZE at Chapman University.

Michael Levine, considered the "Michael Jordan of Entertainment PR," who has represented celebrities such as Michael Jackson, Barbra Streisand and Charlton Heston. Not to be missed!

And speaking of Hollywood, we are also happy to welcome back Marc Eliot, Hollywood's biographer, who will talk about Hollywood's love affair with Palm Springs as THE getaway for the jet set; he will be leading a tour of the secluded homes of Frank Sinatra and other celebrities. (And yes, Ronald and Nancy Reagan were frequent guests at the homes of other celebrities in the area.)

George Gilder and Richard Vigilante, editors of Technology "Guideposts" Report, published by Eagle… who are the world's experts on AI and advances in global information.

We have also confirmed Jim Rogers, the famous financial guru, who will be coming from Singapore to address us on "China vs. USA: Who Is Winning the Battle of the Super Powers?"

Also, Larry Sanger, the co-founder of Wikipedia (he came up with the name), will speak on "The Threat of Centralized Control of Social Media and What Can Be Done About It"…

I will also be debating John Tamny, publisher and editor of RealClearMarkets, on his dangerous new book "The Deficit Delusion."

Just added: Eric Weiner, author of the bestseller, "Ben and Me: In Search of a Founder's Formula for a Long and Useful Life." 

FreedomFest 'Super Early Bird' Discount Ends on Jan. 31!

Now is the time to sign up for the greatest libertarian show on earth: FreedomFest, June 11-14, 2025, at the Palm Springs Convention Center in California. The beautiful Renaissance Resort Hotel is right next door.

Many attendees are making it a family vacation, a chance to visit the golden state without having to pay California's high taxes.

See you in Palm Springs in June!

Take advantage of our "early bird" discount, only $400 per person, by going to www.freedomfest.com, or calling Hayley at 1-855-850-3733, ext. 201. Be sure to use code EagleSEB to get the $400 price. The discount ends next week!

Upcoming AAII Meeting This Saturday -- Correction!

I gave the wrong information about the time and contact information for the AAII meeting this Saturday. Here is the correct information:

Orange County Chapter of AAII Meeting, 9-11 a.m. P.T., Saturday, Jan. 25

The Center of Founders Village, 17967 Bushard Street, Fountain Valley, CA 92708

$10.00 fee at the door.

Mark Skousen, editor of Forecasts & Strategies, will speak on "The Great Rotation: What Investments to Buy in the New Trump Era, and What to Avoid."

For more information, contact Stephanie Davis at sdavis388@gmail.com.

Go to this website for more information: https://www.aaiiorangecounty.com/.

Good Investing, AEIOU,

Mark Skousen

Mark Skousen
Doti-Spogli Endowed Chair of Free Enterprise, Chapman University
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You Blew It!

Will the Penny be Eliminated Soon?

By Mark Skousen
Editor, Forecasts & Strategies

"A penny saved is a penny earned." -- Ben Franklin

Is the lowly penny, the lowest denomination of our currency, about to be history? Inflation has destroyed the penny in Britain. Could the United States be next?

The new Department of Government Efficiency (DOGE) under Elon Musk may be tempted to recommend abolishing the penny, since it now costs the U.S. Mint three cents to produce one. The Treasury produced over 4.5 billion pennies last year at a cost of over $179 million. The new pennies look like copper, but since 1982, have been made primarily from zinc.

For several years now, I've recommended that the U.S. Post Office issue a permanent one-cent stamp with Ben Franklin's image on it and the words "A penny saved is a penny earned."

But, if the penny is eliminated, future generations won't even know what a penny is.

All this is a sad commentary on the permanent inflation policy that the government has adopted since the end of World War II. And since Ben Bernanke instituted the 2% inflation target rule at the Federal Reserve, it won't be long before the penny is eliminated.

A better alternative would be for the dollar to devalue 10 to one, so that a penny would be valued as a dime, a dime would be valued as a dollar and bring back the glory days of the dollar being as "good as gold."

About Mark Skousen, Ph.D.:


Mark SkousenMark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, Forecasts & Strategies. He also serves as investment director of four trading services: TNT Trader, Five Star Trader, Low Priced-Stock Trader, and Fast Money Alert.
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