Discover and read the best of Twitter Threads about #dollars

Most recents (4)

@UNRWA
While demanding #humanitarian aid from across the #globe, the #Palestinian Authority spent $2.1 billion to fund #Islamic #terrorism between 2011 and 2018.
Billions of #dollars in foreign aid have been unaccounted for – money that was supposed to go to #Palestinian citizens under the oppressive and #militant #jihadist government run by President Mahmoud Abbas and the #Islamic #terrorist group #Hamas
money that supposedly went to programs that haven’t existed for many years.
Read 9 tweets
Ten #MMT tips to remember on #TaxDay:
1. Federal #taxes don't fund federal spending, so let's #decouple these two important tools.
2. Taxes offset #Government spending.
3. It's a matter of #logic: #dollars must be spent into existence (by the Gov) first, in order for us to use some of those $ to pay taxes
4. #Taxing for #revenue is for local states/municipalities, not the #sovereign issuer of the #currency.
5. Taxing excessive wealth protects #democracy from #Oligarchy and protects us from abusive market power
6. Taxing #pollution & #speculation to reduce such activities, not to "fund" #healthcare and #education.
Read 6 tweets
According to the @WSJ the Iraqi #government has bank accounts with the U.S. Federal Reserve, where its #dollars are kept, which the Iraqi economy relies upon could be frozen should Iraq violate #sanctions politico.com/magazine/story…
#Iran has deliberately flooded Iraqi market with cheap imports and foodstuffs. This has undercut Iraq agriculture by decreasing demand4 homegrown products that R more expensive. Even if Iraq were2 stop buying these goods #farmers would not B able2 produce enough supplies at home
Iran has political leverage, too. Since the May 12 national #election Iraq’s political elites have been unable to form a government in part because of enormous pressure from #Tehran to install politicians in their favor. Iran’s loyalists succeed and dominate the new government...
Read 4 tweets
Holy COW !!
The people of #Turkey need to take action NOW or else this madman #Erdogan will take them to Stone Age era in weeks !
“If they have dollars, we have our Allah,” says #Erdogan to the economic meltdown in #Turkey and the record devaluation of the #Turkish lira against the U.S. dollar.
@aykan_erdemir
The #TurkishLira has weakened to a record low. Here's what #Turkey's president might say in a speech later today. @markets
Read 5 tweets

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