The UN Just Adopted The “Pact For The Future” Which Lays the Foundation For a New “Global Order”

Michael Snyder, Michael Snyder’s Substack

While everyone was distracted, the global elite got exactly what they wanted. The UN adopted the “Pact for the Future” on September 22nd, and the mainstream media in the western world almost entirely ignored what was happening. Instead, the headlines urged us to just keep focusing on Kamala Harris and Donald Trump. Sadly, the vast majority of the population has never ever heard about the “Pact for the Future”, and so there was very little public debate about whether or not we should be adopting a document which lays the foundation for a new “global order”. The text of the “Pact for the Future” is available online, but hardly anyone will ever read it and many of the most important provisions are buried toward the end of the 56 page document. Of course everyone should take the time to actually read this document, because our leaders just committed us to an extremely insidious global agenda that literally covers just about every conceivable area of human activity.

September 22nd, 2024 is a day that will go down in infamy.

Once the “Pact for the Future” was formally adopted, the following was posted on the official UN website…

World leaders today adopted a Pact for the Future that includes a Global Digital Compact and a Declaration on Future Generations. This Pact is the culmination of an inclusive, years-long process to adapt international cooperation to the realities of today and the challenges of tomorrow. The most wide-ranging international agreement in many years, covering entirely new areas as well as issues on which agreement has not been possible in decades, the Pact aims above all to ensure that international institutions can deliver in the face of a world that has changed dramatically since they were created. As the Secretary-General has said, “we cannot create a future fit for our grandchildren with a system built by our grandparents.”

You would think that the “most wide-ranging international agreement in many years” would make headlines all over the planet.

But that didn’t happen.

The UN press release also boldly declares that the “Pact for the Future” will “lay the foundations” for a new “global order”…

“The Pact for the Future, the Global Digital Compact, and the Declaration on Future Generations open the door to new opportunities and untapped possibilities,” said the Secretary-General during his remarks at the opening of the Summit of the Future. The President of the General Assembly noted that the Pact would “lay the foundations for a sustainable, just, and peaceful global order – for all peoples and nations.”

The Pact covers a broad range of issues including peace and security, sustainable development, climate change, digital cooperation, human rights, gender, youth and future generations, and the transformation of global governance.

I don’t want to live in a new “global order” that includes “all peoples and all nations”.

I am sure that most of you feel the exact same way.

Another page on the official UN website tells us that “UN 2.0” is all about creating a “modern UN family”…

Halfway through the 2030 Agenda, the world is not on track to achieve the Sustainable Development Goals. It is not too late to change course, if we all rethink, refocus, and recharge. “UN 2.0” encapsulates the Secretary-General’s vision of a modern UN family, rejuvenated by a forward-thinking culture and empowered by cutting-edge skills for the twenty-first century – to turbocharge our support to people and planet.

We will strive towards this vision with a powerful fusion of innovation, data, digital, foresight and behavioural science skills and culture – a dynamic combination that we call the “Quintet of Change”. It is about evolution towards more agile, diverse, responsive, and impactful UN organizations.

That sounds so cozy, doesn’t it?

Who wouldn’t want to be a part of a “family”, right?

But the truth is that the agenda that they intend to impose on all of us will not be pleasant at all.

Over the years, much has been written about how insidious the UN’s “Sustainable Development Goals” are.

Well, the UN is openly admitting that the “Pact for the Future” was specifically designed “to turbo-charge implementation of the Sustainable Development Goals”…

The entire Pact is designed to turbo-charge implementation of the Sustainable Development Goals.
The most detailed agreement ever at the United Nations on the need for reform of the international financial architecture so that it better represents and serves developing countries, including:

- Giving developing countries a greater say in how decisions are taken at international financial institutions;
- Mobilizing more financing from multilateral development banks to help developing countries meet their development needs;
- Reviewing the sovereign debt architecture to ensure that developing countries can borrow sustainably to invest in their future, with the IMF, UN, G20 and other key players working together;
- Strengthening the global financial safety net to protect the poorest in the event of financial and economic shocks, through concrete actions by the IMF and Member States;
- and accelerating measures to address the challenge of climate change, including through delivering more finance to help countries adapt to climate change and invest in renewable energy.

Improving how we measure human progress, going beyond GDP to capturing human and planetary wellbeing and sustainability.
A commitment to consider ways to introduce a global minimum level of taxation on high-net-worth individuals.
On climate change, confirmation of the need to keep global temperature rise to 1.5 °C above pre-industrial levels and to transition away from fossil fuels in energy systems to achieve net zero emissions by 2050.

In one way or another, all forms of human activity contribute to “climate change”.

And so they intend to strictly regulate all forms of human activity in order to meet their twisted goals.

The “Pact for the Future” also recognizes a “central role” for the UN and a “coordinated and multidimensional international response” whenever future “global shocks” arise…

We recognize the need for a more coherent, cooperative, coordinated and multidimensional international response to complex global shocks and the central role of the United Nations in this regard. Complex global shocks are events that have severely disruptive and adverse consequences for a significant proportion of countries and the global population, and that lead to impacts across multiple sectors, requiring a multidimensional and whole-of-government, whole-of-society response.

The next time that there is a major global crisis, do you want the UN running the show and telling everyone what to do?

I tried to warn everyone about this.

I have written extensively about the “Pact for the Future”, but in the end only a very small sliver of the population got fired up about it.

Now the global elite have achieved their goal, and the opposition that they encountered was barely perceptible.

~~Michael Snyder, Michael Snyder’s Substack

Michael Snyder, Michael Snyder’s Substack

September 22nd, 2024 is a day that will go down in infamy.

Once the “Pact for the Future” was formally adopted, the following was posted on the official UN website…

World leaders today adopted a Pact for the Future that includes a Global Digital Compact and a Declaration on Future Generations. This Pact is the culmination of an inclusive, years-long process to adapt international cooperation to the realities of today and the challenges of tomorrow. The most wide-ranging international agreement in many years, covering entirely new areas as well as issues on which agreement has not been possible in decades, the Pact aims above all to ensure that international institutions can deliver in the face of a world that has changed dramatically since they were created. As the Secretary-General has said, “we cannot create a future fit for our grandchildren with a system built by our grandparents.”

You would think that the “most wide-ranging international agreement in many years” would make headlines all over the planet.

But that didn’t happen.

The UN press release also boldly declares that the “Pact for the Future” will “lay the foundations” for a new “global order”…

“The Pact for the Future, the Global Digital Compact, and the Declaration on Future Generations open the door to new opportunities and untapped possibilities,” said the Secretary-General during his remarks at the opening of the Summit of the Future. The President of the General Assembly noted that the Pact would “lay the foundations for a sustainable, just, and peaceful global order – for all peoples and nations.”

The Pact covers a broad range of issues including peace and security, sustainable development, climate change, digital cooperation, human rights, gender, youth and future generations, and the transformation of global governance.

I don’t want to live in a new “global order” that includes “all peoples and all nations”.

I am sure that most of you feel the exact same way.

Another page on the official UN website tells us that “UN 2.0” is all about creating a “modern UN family”…

Halfway through the 2030 Agenda, the world is not on track to achieve the Sustainable Development Goals. It is not too late to change course, if we all rethink, refocus, and recharge. “UN 2.0” encapsulates the Secretary-General’s vision of a modern UN family, rejuvenated by a forward-thinking culture and empowered by cutting-edge skills for the twenty-first century – to turbocharge our support to people and planet.

We will strive towards this vision with a powerful fusion of innovation, data, digital, foresight and behavioural science skills and culture – a dynamic combination that we call the “Quintet of Change”. It is about evolution towards more agile, diverse, responsive, and impactful UN organizations.

That sounds so cozy, doesn’t it?

Who wouldn’t want to be a part of a “family”, right?

But the truth is that the agenda that they intend to impose on all of us will not be pleasant at all.

Over the years, much has been written about how insidious the UN’s “Sustainable Development Goals” are.

Well, the UN is openly admitting that the “Pact for the Future” was specifically designed “to turbo-charge implementation of the Sustainable Development Goals”…

The entire Pact is designed to turbo-charge implementation of the Sustainable Development Goals.
The most detailed agreement ever at the United Nations on the need for reform of the international financial architecture so that it better represents and serves developing countries, including:

- Giving developing countries a greater say in how decisions are taken at international financial institutions;
- Mobilizing more financing from multilateral development banks to help developing countries meet their development needs;
- Reviewing the sovereign debt architecture to ensure that developing countries can borrow sustainably to invest in their future, with the IMF, UN, G20 and other key players working together;
- Strengthening the global financial safety net to protect the poorest in the event of financial and economic shocks, through concrete actions by the IMF and Member States;
- and accelerating measures to address the challenge of climate change, including through delivering more finance to help countries adapt to climate change and invest in renewable energy.

Improving how we measure human progress, going beyond GDP to capturing human and planetary wellbeing and sustainability.
A commitment to consider ways to introduce a global minimum level of taxation on high-net-worth individuals.
On climate change, confirmation of the need to keep global temperature rise to 1.5 °C above pre-industrial levels and to transition away from fossil fuels in energy systems to achieve net zero emissions by 2050.

In one way or another, all forms of human activity contribute to “climate change”.

And so they intend to strictly regulate all forms of human activity in order to meet their twisted goals.

The “Pact for the Future” also recognizes a “central role” for the UN and a “coordinated and multidimensional international response” whenever future “global shocks” arise…

We recognize the need for a more coherent, cooperative, coordinated and multidimensional international response to complex global shocks and the central role of the United Nations in this regard. Complex global shocks are events that have severely disruptive and adverse consequences for a significant proportion of countries and the global population, and that lead to impacts across multiple sectors, requiring a multidimensional and whole-of-government, whole-of-society response.

The next time that there is a major global crisis, do you want the UN running the show and telling everyone what to do?

I tried to warn everyone about this.

I have written extensively about the “Pact for the Future”, but in the end only a very small sliver of the population got fired up about it.

Now the global elite have achieved their goal, and the opposition that they encountered was barely perceptible.

~~Michael Snyder, Michael Snyder’s Substack

Private equity tends to perform better than the stock market, provided you do so over time.

Private credit, a newer asset class but a rapidly growing one, also shows strong returns, as well as relatively high current income.

And if you have a retirement account, chances are you’re willing to think long-term.

Win-win, right? Not necessarily.

First, these new funds would also come with an incentive structure similar to investing in a hedge fund. That includes a higher fee than a market index ETF – think 2% compared to 0.1% (or less).

Plus, many of these funds have a hurdle rate attached to them as well. Once they clear 5% returns – which, with private credit, can be easily cleared by making deals with cash returns over 5% – additional incentive fees may kick in.

Several factors are likely at play here. Rising uncertainty over Trump’s tariff and trade policies – even though he’s largely walked those back.

A bigger factor? The rise of AI.

Many big tech companies have been making layoffs this year, citing increased productivity as a reason. For instance, Microsoft just announced another 9,000 in layoffs.

Of course, when an individual company announces layoffs, it’s usually bullish for shares. That company is doing the same – or more – with a smaller headcount. That’s lower costs and higher productivity.

But in a world where every company can lay off a sizable percentage of their staff, we have more unemployed consumers, who tend to cut back on spending.

Every catalyst feels plausible.

Bank fragility from unrealized losses. Stubbornly high interest rates are making refinancing a pain. AI-induced job cuts are hollowing out consumer demand. Another carry trade unwind like last summer or a geopolitical flare-up.

It’s all a messy pile of possibilities — any one of which could tip the balance.

It’s the kind of setup that would make a predictive AI model salivate.

Feed it inputs like these — jobs reports, interest rates, layoffs, debt levels — and it would likely start blinking red.

Over the next twelve months, roughly $9 trillion worth of existing US debt securities will mature; this was money that the government borrowed years ago… and will soon come due.

In theory the government has to pay that money back. Naturally they don’t have the funds to do so… so instead they’ll borrow new money to pay back the old loans… essentially refinancing $9 trillion worth of the national debt over the next twelve months.

So realistically they must sell ~$11 trillion in debt over the next twelve months: $9 trillion to refinance existing debt, plus another $2 trillion to cover this year’s budget deficit.

$11 trillion is an enormous amount of money… which means they’ll need every investor possible ready and willing to buy US government bonds.

And that’s a problem. Because right now, foreigners (which own a HUGE chunk of the debt) are aggressively backing away from US government bonds.