Basic Reports

An Idea Whose Time Has Come, Report 1 July 2018

July 2, 2018/0 Comments/by Keith Weiner

“On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées.” These are the actual words written by Victor Hugo in Histoire d’un Crime (History of a Crime).Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative translations that […]

The Wealth Effect, Report 24 Jun 2018

June 25, 2018/7 Comments/by Keith Weiner

Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example. The Fraudulent Promise Suppose Eric works for wages. He is 50 years old. His house is paid off, he has no student […]