Not so long ago, it was lambasted as a conspiracy theory. The idea that the Covid-19 pandemic would be used as cover for a “Great Reset”. The supposed loons warned, amongst other things, that our right to private property would be taken away, meat would no longer be on the menu (except for insects), and we’d be interned in camps if we refused to cooperate.

But then rather a lot of their warnings hit the mainstream news…

Canadian Prime Minister Justin Trudeau sparked the frenzy with his comment at a UN conference:

This pandemic has provided an opportunity for a reset. This is our chance to accelerate our pre-pandemic efforts, to re-imagine economic systems that actually address global challenges like extreme poverty, inequality and climate change.

If we can’t achieve it in normal times, we can during a crisis. What’s the difference? We’ll get to that.

The World Economic Forum (WEF), commonly referred to as Davos after the location it’s held in, decided on “the Great Reset” as its theme. It discussed how governments could reshape the world thanks to Covid-19. My emphasis added:

As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honours the dignity of every human being.

When Labour politicians call the crisis an opportunity, they are forced to apologise. But who are you going to vote out at Davos for saying the same thing?

The campaigns to reshape your world are already underway at the WEF. We’re going to eat worms and insects instead of meat.

The basic concept of private property, in my view the cornerstone of Western civilisation, is under threat too. Consider this prediction from 2016 for how 2030 could look from the WEF website:

All products will have become services. “I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or any clothes,” writes Danish MP Ida Auken. Shopping is a distant memory in the city of 2030, whose inhabitants have cracked clean energy and borrow what they need on demand. It sounds utopian, until she mentions that her every move is tracked and outside the city live swathes of discontents, the ultimate depiction of a society split in two.

Sounds awful, doesn’t it? Shame about those swathes of discontents outside cities, isn’t it? Hunger Games, anyone?

Ironically, it’s now those advocating the Great Reset who are being called crazy. Australian Senator Matt Canavan called the WEF’s plan for the Great Reset “crazy, kooky stuff” on Sky News, saying “they don’t want anyone to own property”.

You’ll own no property and you’ll be happier apparently…

This stuff is crazy, kooky stuff.

The real battle line – in my view – in politics, is between those who want to allow people to take control of their own lives and communities and run their own countries, their own states, their own local councils … the way they’d like to see them run, and those who are pushing for one, unified, global order that takes away agency or sovereignty from any individual.

Because if we have one global order, you’re one of about 8 billion people and you can’t control your local environment.

When we invest in smaller communities and give power to local governments, to state governments and to national governments, you can have a lot more influence.

I think we’ve seen a push back against the globalisation order in the last few years.

The more we give power back to local and small governments, the better communities we’ll have, the more investment, the more vested interest people will have in their local community and therefore the better decisions will be made.

The problem is, a pandemic is just the sort of crisis which needs a global response, not a local one. That’s what makes it such a good opportunity for those advocating the opposite of Canavan’s views.

That’s why you can’t dismiss those “kooks” at the WEF.

Covid-19 has shifted what’s possible

Conspiracy theorists supposedly argue that Covid-19 was orchestrated by governments in order to impose policies. But I don’t think governments are capable of causing a pandemic – they’re too incompetent. They can’t even order vaccines properly, manage quarantine hotels or pronounce medicine names.

I think our politicians will take advantage of the pandemic though. In ways that have nothing to do with Covid-19. Such as climate change, financial resets and using technology in the form of Covid-19 tracking apps to track you.

Crazy and kooky is relative in an age of lockdowns. Those have included some unthinkable policies like curfews, travel perimeters and restrictions on what you can buy. The Germans, of all people, set up detention centres in some towns for people who repeatedly refuse to quarantine…

But it’s not over yet. Drama over vaccines is yet to come. You’ve seen the debate over Covid-19 passports in the press.

This isn’t about particular policies though. You might agree with many of the policies our government imposed. It’s about government power generally. The ability of governments to impose more than you bargained for.

That power is at levels comparable to a dystopian novel. The question is, how will it be used? And so, if the WEF agenda is taken seriously by our governments, they really could go about imposing plenty of it on us.

They call it “build back better” – a slogan that has popped up everywhere, further encouraging the conspiracy theorists. But the policies are emerging too.

Universal income in the shape of stimulus checks and other government support. Modern Monetary Theory in the form of quantitative easing. Central banks focusing on environmental policy. Digital surveillance in the form of Covid-19 tracking apps. As the WEF founder Klaus Schwab puts it in his book, “the genie of tech surveillance will not be put back into the bottle” and “dystopian scenarios are not a fatality.”

These are things that were not deemed politically viable before Covid-19. But Covid-19 is the opportunity that makes them possible. Because of the newfound powers governments have to impose things.

Remember, all these things are seen as progress by the WEF elite. It’s just that you were too dumb to support them democratically. But now a pandemic swept aside the need for your support. Your safety is more important.

Now all of the forms the Great Reset will take are hugely important to our future. But I’m here to tell you that one particular part of the Great Reset could be about to happen, in the financial system.

It’ll be a radical change, but one that has happened plenty of times in the past. Specifically when governments have resorted to printing money in order to pay for spending.

This typically happens during a war, with the end of the war featuring a currency reset of some sort to pay for the past money printing. The Covid-19 pandemic is similar when it comes to government spending and printing money. And what happens next will be similar too.

My friend Sam Volkering believes he knows how the next reset will play out. You can find out about that soon.

Nick Hubble
Editor, Fortune & Freedom