The Great Reset in Motion.

I don't subscribe to conspiracy theories, but the Great Reset as Defined by Klaus (you will own nothing and be happy) Schwab. but I'm thinking about how you could "own nothing" and be grateful.

Well, it's looking like energy prices will continue to go through the roof and now with rampant inflation, interest rates are certain to go the same way.

At which point, governments will be trying to prop up the system by borrowing billions in order to plug the gap between affordability and actual costs.

You can't normally bankrupt Western economies, but you can make the situation untenable for them. You can make borrowing so expensive that the interest rates on any more loans would be eye-wateringly expensive to service.

At that point the country effectively become bankrupt as it cannot continue to service it's debts.

And then strides onto the landscape, a saviour: what form it will take is currently speculation, but I assume it will be a global mega-corporation.

It will buy up assets that people will willingly give in order to shed their crippling debt burden.

For instance, let's say interest rates go up to 20 or 30%. What dos that do to mortgages? It makes them unaffordable. It's like paying off a half a million pound debt with credit-card-like interest rates. 

As an example lets say a global corporation comes along and says it will buy your house below market value and you can continue to live in it and pay rent. You pay a single easy payment per month and you get your room, board and utilities supplied. If the corporation is cash-rich enough to buy the house outright and then make money in the form of rental, then why wouldn't it? You'd be out of a hole, the corporation gets a perpetual repayment on their investment with hopefully minimal maintenance. You wouldn't own a home but you be grateful to release yourself from the massive debt burden you've been artificially saddled with. 

Global corporations are getting as powerful as medium-sized countries. So why wouldn't they use that financial power and effectively take over massive tracts of land? Buy up farms, control food production. Buy up houses and control the population.

I've already blogged about the lady that was refused a wood-burner installation by her housing association, so what's to stop this global corporation determining what you can and can't do under threat of being homeless? Buy products from these companies, not any competitors. Use this much energy and no more, monitored by the corporate-installed smart meter. Don't own a vehicle, travel by public transport to keep your carbon usage low. Or else eviction. 

I'm not sure I'd be happy in a Schwab-led dystopia. It would be more of a nightmare.

But then I'm sure I'd be classed as one of the deplorable, the undesirables, the people that refuse to comply and live a corporation-led life. I'd be one of the first wave of undesirables cleansed from the planet, on the way to the Post-Reset Utopia.