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Next to God, Money is the Most Mystical of All Things

Everyone in the world is familiar with money, yet it is an extraordinarily rarer individual who understands what money is, how it is created, destroyed, managed, grown, shrunk, and why.

Also, money is not currency.
There is a total of ~$1.5 trillion in U.S. currency in circulation.

There's another ~$13 trillion in Checking, Savings, Money Market accounts.

There's ~$34 trillion in stocks.

There's ~$30 trillion in residential real estate.

There's ~$15 trillion in commercial real estate.
*rare
In the United States, every year, in round numbers :

Amount of money that changes hands: $20 trillion
Amount of money Americans pay in federal taxes: $3.5 trillion
Amount of money govt spends: $4.5 trillion
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More from @bansisharma see all

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Bansi Sharma
@bansisharma
1. The Biggest Con in America

The biggest and longest running con ever pulled on the American people is for the politicians to hide the fact that Wall Street is federal-govt-in-disguise. By making WS the bête noire, politicians escape the consequences of their own malfeasance.
2. The phrase Wall Street, as used by politicians, is synonymous with Big Banks. And what are the big banks if not an extension of the Federal Reserve. In their essence, big banks are indeed an extension of the Federal Reserve.
3. There is absolutely nothing the big banks do that is not implicitly or explicitly approved by the Fed. Banks don't manufacture anything. They make money by creating and processing money. And only the banks can legally create money, absolutely nobody else can.
Read 16 tweets
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Bansi Sharma
@bansisharma
1. Did I Call It or What -- Elizabeth Warren Edition!

I wrote this 19 days ago. Now read the next few tweets for what has happened to Warren and Sanders since then, and why.
2. Warren's support has halved, from 28% to 14%, and Sanders slid three points to 13%. Both of them have ceded ground to Pete Buttigieg, who is at number 2 with 16% now, behind Joe Biden at 24%.
3. You say that may not have anything to do with her M4A Plan. Oh, but it does.

"Pete Buttigieg rocketed into 2nd place in the Democratic presidential nomination race, with support for ex-frontrunner Elizabeth Warren sliding as voters sour on her universal health care proposal."
Read 11 tweets
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Bansi Sharma
@bansisharma
1. Democratic Presidential Contenders Pin Their Hopes on Race-Baiting

This POLITICO analysis says:

"A contest once largely defined by ideology is suddenly being re-framed around questions of race and identity."

politico.com/news/2019/11/2…
2. "Stirred by fears that Democrats might fail to patch together the broad coalition necessary to defeat Donald Trump next year, the late stages of the Democratic primary have taken an abrupt turn."

What are they turning toward? Race and identity, of course!
3. "The campaign’s transition to a more overt confrontation of race is no accident. It is purposeful and unfolding."

"The shift crystallized during last week’s debate as Democrats descended on the majority-black city of Atlanta and fanned out afterwards in campaign appearances."
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..
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....
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