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Max Jerneck
@MaxJerneck
, 3 tweets, 2 min read Read on Twitter
”Western central banks created money but they didn’t give it direction. We created money but we gave it direction, that it must go to productive sectors.”

Bangladeshi central bank governor Rahman talking about green credit guidance, practiced since 2009

I’m not sure whether what he says is true but if so he may be, to use @adam_tooze’s phrase, an example of what a progressive central banker can look like.

More in this report on green central banking in emerging markets from the @NEF h/t @redgenkosi

neweconomics.org/uploads/files/…
Maybe it takes a country at the very frontline of climate change to get serious about this. I hope they can teach the rest of us!
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Max Jerneck
@MaxJerneck
There is a strain within fiscal sociology, perhaps even its dominant one, that depicts the capitalist state as "structurally poor," with the implication that if socialists were to seize it, it wouldn't make much of a difference.

Here is Goldschied (1958):
Other examples include Offe's "The fiscal crisis of the state" (1973), and Wolfgang Streeck's "Re-Forming Capitalism" (2009). It's a fundamentally pessimistic view, holding that social democracy will undermine itself unless it achieves a complete break with capitalist relations
Miliband's "The State in Capitalist Society" (1969) reads like it was written by a neoliberal, in that investment is fickle and entirely dependent upon the level of confidence among capitalists, so the state has no choice but to cater to their needs.
Read 7 tweets

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Caitlin Long 🔑
@CaitlinLong_
1/ The Senate Banking Comm staff reached out last week regarding @Facebook @Libra pursuant to my @ForbesCrypto article. During a conf call they indicated interest in receiving formal testimony from me. Here it is + summary follows 👇: forbes.com/sites/caitlinl… @DoWithCare
2/ Big takeaway--politicians that weaponize the US banking system (blocking access to disfavored industries/countries) are modern-day Herbert Hoovers bc these barriers block both unlawful & LAWFUL commerce, & these barriers caused the invention of #stablecoins in the first place.
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Can Okar
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Turkey has a controversial new Central Bank Governor, Murat Uysal.

He’s about to get a lot more controversial. His entire English Masters thesis was plagiarised and this thread will walk you through how he copied and pasted it all.
In the interests of me not plagiarising, the first person to notice this was @fkkizilca, although he pointed out paragraphs that were taken from one article. It turns out the entire thing was nabbed from three articles. Two of which were written by former Turkish CB staff...
@fkkizilca The three articles were as follows: Mishkin (2000), “Inflation Targeting in Emerging Market Countries”, Kadıoğlu et al (2000), “Inflation Targeting in Developing Countries” and Altınkemer (2001), “How Did They Manage the Floating Crisis?”.
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Karol Cummins
@karolcummins
💰FBME Bank 👉🏼Cyprus👉🏼Russia
👉🏼Aaron Banks 👉🏼Trump👉🏼Manafort

Ongoing Probe:

"Money laundering, terrorist financing, transnational organized crime, fraud schemes, sanctions evasion, weapons proliferation, corruption by politically exposed persons, & other financial crimes”.
Officers from the NCA, in collaboration with MI5 and US intelligence agencies, are examining previously undisclosed links between Aaron Banks and Russia, amid fears Moscow may have played a potentially sinister role in the #Brexit referendum. #AaronBanks
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May 2019 Cypriot police raided the premises of FBME Bank in Nicosia and in Limassol, looking for evidence of money laundering
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David Jensen
@RealDavidJensen
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan BRICS nations for years openly discussing trade w/ "parallel" monetary system including gold trade settlement.
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Italy signalling ready to go.
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan More to the point - #gold seems to be the focal point of new trade settlement system.

“Fiat money, in extremis, is accepted by nobody. Gold is always accepted." Alan Greenspan.

realnoevremya.com/articles/2075-…
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
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🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
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Joseph Cotterill
@jsphctrl
A liberal opponent of the premier within the ruling party stepped down as a legislator. He will retain editorial control of a mouthpiece.
LOCAL COLOUR: A journalist association in the capital hailed the state supreme leader as a "beacon of stability". londonpressclub.co.uk/2017/04/27/que…
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