Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

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What's going on, guys?

It is Saturday, January 21st, and that means it's time for the weekly recap.

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All right, friendos, well, for this weekly recap, we are turning our attention to Davos.

I think in many ways, Davos and the World Economic Forum more broadly are one of the more fascinating

and telling phenomenons of our time.

Certainly from the standpoint of big-picture power shifts and

people's appreciation or lack thereof of the global elite and globalism more broadly.

When people talk about Davos, what they're referring to is the annual meeting of the

World Economic Forum. Each year it happens in Davos, Switzerland, in January.

It has since its beginnings been an elite global gathering,

and so in many ways one can chart the shifts in attitudes about global elites and globalism

and globalization on how people discuss Davos. One of the big themes of discourse from the

past few years has been, for example, the contrast between the stated goals of working towards

a greener world and fighting combat change and the images of hundreds of private jets that brought the guests there. And of course,

that's just the tip of the iceberg. For some, Davos and the WEF represent the Illuminati,

...