The Federal Reserve is owned by the banks. It wants to make sure inflation happens. Why? Because it encourages borrowing. Banks profit when people borrow.

That means it steals your purchasing power to encourage you to borrow and pay interest. So it takes from you twice.
The best analogy I can think of is when, during the industrial revolution, governments raised taxes on farmers so much that they had to move to cities and take jobs they otherwise wouldn’t want to be able to survive.
This is completely immoral, and is theft.

Wake up and listen to @michael_saylor if you want to preserve what you have.
Right @APompliano?

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Chris Masterjohn

Chris Masterjohn Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ChrisMasterjohn

28 Jun
A famous study done in 2001 and 2002 in Chicago and Boston randomly applied white-sounding and black-sounding names to 4,890 fake job applications and found that white-sounding names got 50% more callbacks (10.06% vs 6.7%).

nber.org/papers/w9873
A more recent study in 2016 did the same thing with 15,000 job applications in New Jersey and New York City, before and after bans were put in place asking about criminal records.

academic.oup.com/qje/article-ab…
Overall whites got 22% more callbacks than blacks (12.9% vs 10.5%). While differences in cities & methodology might account for differences from the 2001-2002 study, I suspect that this at least in part reflects a substantial decline in racial discrimination over those 15 years.
Read 17 tweets
4 Apr
Why is PPE considered first for medical personnel?

It should be considered first for the massive labor force that should be reallocated to making more PPE.

That way the medical personnel don’t run out of PPE.
We have a wartime-level lockdown, but our economic stimulus package looks meant for a 2-month recession. Where is the economic mobilization to fight the war?
For someone whose position is fine, the rational thing to do with an extra $1500 is save it. For someone who lost their job, $1500 isn’t good enough.
Read 14 tweets
27 Mar
Sign up here for my free COVID-19 research updates newsletter.

Mostly daily. Whatever I'm researching, be it emerging research or a deep dive into old research on a relevant topic. I'll tweet about some but not all.

spring-sun-1696.ck.page/ecf843d2d3
The first research update on chloroquine and hydroxychloroquine went out tonight spring-sun-1696.ck.page/ecf843d2d3
Tonight's newsletter is on whether chloroquine and hydroxychloroquine act as zinc ionophores. Verdict: probably not. Addendum: as immune suppressants, they can be proviral in vivo against at least one virus they were antiviral against in vitro. chrismasterjohnphd.com/covid19-updates
Read 214 tweets
5 Dec 19
I’m 20 minutes into the @joerogan debate with @chriskresser and @lightningwilks.

All this time spent on whether Kresser was misleading for grouping 71% no association and 13% inverse into 84% no or inverse is ridiculous.
If the claim is dairy causes cancer, there’s nothing misleading about grouping the figures together to say 84% of the meta-analyses of the observational evidence contradicts it.
And if you has no effect, you’d expect some to find increased risk and some to find decreased risk. If most find nothing and 10-15% find increased and decreased on each end, that’s consistent with no effect.
Read 81 tweets
7 Jul 19
I’m listening to @PeterAttiaMD’s interview with @drjasonfung and I agree with Fung about 75% so far in his discussion on insulin resistance.

podcasts.apple.com/us/podcast/the…
He correctly lays out the flaws in the idea that cells are in a primarily energy-deprived state in common insulin resistance.
I agree with him common insulin resistance is a condition of energy overload. I argued that here: chrismasterjohnphd.com/blog/2016/08/2…
Read 72 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!