Summary
Phil critiques the World Economic Forum’s “Great Reset” proposal (massive new regulations, wealth taxes, Green New Deal-style programs). He argues it would just bring more of the same because it doesn’t change who collects the Rent or how banks create credit to buy land. The cycle must continue — 2012 to 2026 upswing on track. Some difficulty expected in 2021 recovery.
Key Claims
- The “Great Reset” proposals don’t change the underlying cause of the cycle (Economic Rent enclosure + bank credit). — confidence: high
- The 2012–2026 US real estate upswing remains on track. — confidence: high
- 2021 will be a difficult recovery year with some sectors worse than others. — confidence: high
- Boom height depends on how much credit banks create for land purchases. — confidence: high