The following is not a prediction for bitcoin’s price in 2022. We don’t know what the price will be in the short term, and neither does anyone else. It is a look at the economics of bitcoin. First off, bitcoin is not a Ponzi scheme. A Ponzi is a fraud, in which the sponsor promises […]
CEO of Monetary Metals Keith Weiner sits down with Matthew Piepenburg of Matterhorn Asset Management to discuss gold, fiat and crypto. What is real wealth? What’s the relationship between interest rates and Bitcoin? Do central banks know what they are doing? Matt and Keith sit down to discuss it all. Show Notes Gold Outlook Report […]
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 […]
We have been writing about capital destruction. This week let’s look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, “four years earlier than projected in last year’s report.” In other words, the economy […]
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