The World Economic Forum (pompously and arrogantly announced as ‘Committed to Improving the State of the World’) was set up in 1971 by a man called Klaus Schwab, though the organisation wasn’t called that then. When Schwab began what was to become the WEF he had an endowment of just 25,000 Swiss francs in a bank account.
The first Davos meeting of what was then called the European Management Symposium, lasted two weeks and involved 450 participants, including chief executives and senior managers from top companies and 50 faculty members from business schools. Things then moved quickly.
The chairman of the second Davos meeting was supposed to be Herman J.Abs who had to cancel at the last minute but this link gives us a clear insight into the background of the WEF.
As Zina Cohen explains in her book ‘The Shocking History of the EU’, Abs was a bank director who helped Hitler enormously by forcibly purchasing Jewish banks at low prices. The money was then used to build the Nazi war machine.
During the Second World War, Abs was a member of a secret group formed in 1943 and known as the Committee for Foreign Economic Affairs – a group of bankers and businessmen who met to discuss Germany’s future after the end of the War....<<<Read More>>>...