– Davos elite hear warnings of complacency akin to 2007 as economic risks grow

– Toxic mix of infallible belief, arrogance, megalomania and economic ignorance

– Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions

– Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea

– Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to global stability

– Davos theme explores massive inequality across the globe while eating $60 hamburgers

– Thousand private jets fly as some attendees lecture poor and middle classes about their fossil fuel consumption

– Blockchain has potential to revolutionise the world of money and foster equality – if not co-opted by elites 

– Better spending $100,000 on physical gold stored in vault in Switzerland then $100k to attend Davos

By Jan Skoyles. Editor Mark O’Byrne

Two years ago I was fortunate enough to be invited to the World Economic Forum at Davos. The invite and events were paid for but everything else was not. This gave me an interesting insight into how the other half (read: 1%) live whilst not enjoying all the spoils of the forum.

Davos for 51 weeks of the year is a fairly bog-standard Swiss ski resort, no more special than others in the surrounding areas. But when the World Economic Forum and world’s elites are in town a normal hotel room suddenly costs $500 and you have to hand over $60 for a hamburger.

Needless to say I found myself a hotel room an hour’s drive away from Davos and stocked up at the hotel breakfast.

We hired ourselves a little Vauxhall Astra and set-off for Davos each day. On the drive into Davos you are pulled over at various check-points by armed police who are clearly wondering why someone in their ski gear (it’s the only warm thing I own) and a tiny rental is heading in that direction. You have to prove that you have a access to the WEF events whilst passport and your car are checked to ensure you’re not going to disrupt the air of calm and power.

The cost of securing Davos is reportedly over $9 million. The whole time you are proving that you are not a security threat multiple helicopters are passing over head bringing those that the armed men are protecting, straight into the heart of the mountain village. Here shops have been converted into hubs by big banks and tech companies looking to host the global elite and black town-cars wait in disabled bays for their clients to finish the latest ground-breaking speech or key meeting.

Davos elite jet into Davos while lecturing humanity to cut down on fossil fuel.

Source: Twitter via Europa Guardian (@EuGu_) January 21, 2018

The cost of admission to Davos is made up of the membership fee (over $50,000) and the actual annual ticket (around $20,000). Of course the majority of individuals attending are not covering these costs (or any other costs during the week), they are politicians, wealthy business men and other poweful people hosted by large