Klaus Schwab (WEF) invoices five billion euros for 'charity' over twenty years

Klaus Schwab (WEF) bills five billion euros for 'charity' over twenty years

Look, do you know what it is with Klaus Schwab? His World Economic Forum (WEF) is the source of a lot of peculiar ideas and he also looks like Ernst Blofeld (the villain in James Bond films).

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Probably not much of it is true, unless you can prove it. On the other hand, there are the gullible sweethearts who believe that the WEF is a charitable organization.

What is true? The current ratio has declined in accounting over the last twenty years, why not?

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The WEF is known as a discussion club, with the annual conference in Davos. That is the first reaction you get when you ask people about it, as Schwab has been doing this since 1971.

Therefore, the WEF is also completely transparent, as there are livestreams of the conversations. Personally, I first heard about the WEF in 1992: in January of that year.

Nelson Mandela and F.W. de Klerk spoke to each other in Davos, which was broadcasted in the news. How can you be against this?

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Besides this conference, the WEF does a bit more, namely lobbying. The conference itself costs about forty million euros each year, an amount that has remained constant over twenty years when accounting for inflation.

I simply call the same hotels and caterers every year, simple. In the last known year, these costs amounted to only eight percent of the total revenue of nearly half a billion euros.

This means that 92 percent of that amount is spent on lobbying, which is completely non-transparent. The WEF sends delegates to governments to get things done.

Als je als journalist om notulen vraagt krijg je die gewoon niet. Daarom introduceren we het Klaus-transparantiepercentage: welk deel van de omzet gaat naar de inderdaad openbare jaarlijkse conferentie 

en welk deel naar iets anders? Dat percentage is inmiddels gedaald naar acht procent. Het WEF van begin jaren ‘90 is compleet getransformeerd naar iets anders, minder aardigs. 

Note bene; in 2021 the percentage is missing because there was no conference that year. All these figures come from the annual reports of the WEF.

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If we add up all the costs of the past twenty years, it turns out that the WEF has sent a total of five billion euros in invoices to companies. Of that, only 770 million was related to organizing the conference.

De rest bestaat uit ‘memberships’ en ‘partnerships’. Ook is er direct funding, waarbij bedrijven voor vijftig miljoen per jaar aan giften doen zonder dat duidelijk is wat ze daarvoor terugkrijgen. Daarnaast is er post ‘overig’ van inmiddels meer dan tachtig miljoen euro per jaar. Met dit soort cijfers kun je het zaakje niet langer omschrijven als liefdadigheid, we hebben het hier gewoon over een knetterharde, zeer effectieve lobbymachine die niet eens belasting hoeft te betalen. Kijk hieronder naar Current Ratio, bent u helemaal bij.

The WEF is a major driver of the digital agenda, which is the subject of my latest book. Democracy at stake buy it here, there is an e-book (digital, very convenient) and a printed book.

Would you help me make my excavation possible? Go to BackMe, or buy my other book, The Euro Gospel: You can also show your appreciation for this article via the button below. Or just don’t. Enjoy watching!

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