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ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
@sdgrumbine
May 19, 2021 • 4 tweets • 1 min read • Read on X
Cash is not real resources.

Real Resources are like Housing, Healthcare. Education. Food. Transportation.

If we do not get this, then let's go one step further.

THE FEDERAL GOVERNMENT CANNOT GO BROKE WITHOUT AN INTENTIONAL ACT OF CONGRESS.

1/x
The Federal Government can make any payment for anything that is for sale in US Dollars.

Regular people cannot.

The Federal Government can absorb any cost hikes, inflationary pressures and has the means to force production to meet demand.

Regular people cannot.
So if you want to come to me with a UNIVERSAL Basic Needs proposal, you have my attention.

If you want to advance a UNIVERSAL Basic Income scheme, No thank you.
realprogressives.org/2019-09-17-neo…

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More from @sdgrumbine

ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Feb 26
Some douchebag saywut seems to have a yeast infection causing some stink over being told it isn't tax dollars funding the genocide in Gaza. For those who don't know, I will explain why this matters, and you can choose for yourself if you understand. 1/x
The idea of taxpayer dollars was spewed out by Margaret Thatcher and Ronald Reagan to make people hate government spending on the people. It was their tool to prepare the way to demonize "the welfare queen" and to further entrench capitalism and ensure austerity 2/X
Once people (right wing/left wing) believe their "hard earned tax dollars" are being "wasted" on abortions, college, student lunches, bombs or war. They feel they are being robbed to pay for xyz thing they don't like. But what it does is ensure someone is ALWAYS stopping spending
Read 9 tweets
ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Jan 5
What are the main insights of #MMT to the activist?

That the nation isn't broke and doesn't require ↗️📈 taxes to pay for programs?

MMT is not political but it exposes fraud, corruption and destructive behaviors easily.
MMT leverages sectoral balances to assess the health of an economy. Those sectors include Public Sector, Private Sector and Rest of World.
MMT shows we are not on a gold standard, petro standard or anything other than a sovereign free floating non-convertible fiat currency. Not since 1971 when Nixon ended the convertibility to gold via the Bretton Woods Accord.
Read 14 tweets
ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Jun 3, 2023
The parties rep a structure meant to make us feel like someone is fighting for us. They manufacture allegiance based on fake narratives and end of the world scenarios meant to create urgency. This hides the real existential threats gaslighting seeks to prevent us from seeing.
This is not radical. it's simply observant. Raidcal would be to push for non-electoral solutions. Radocal would be to acknowledge the truth and act accordingly. Not carry the lie and pretend you are doing the work of the Lord by pushing candidates and playing along.
This goes for third parties. Pretending voting will save us as the world burns, and police beat people for trying to survive and provate property holds more value than human life. To carry the charade is a crime that goes beyond "radical".
Read 7 tweets
ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Jun 2, 2023
My hatred for those who stand in the way of economic literacy, that perpetuate the false narratives of "printing money" and "taxpayer dollars" knows no bounds. You have allowed immeasurable harm to be done to millions. Destroyers of humanity.
forbes.com/sites/saradorn… Image
splinternews.com/the-dangerous-… Image
I have documented why this is in spades.

Read 5 tweets
ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Mar 14, 2023
The US Government uses its power to create money to provision for its needs. It uses its unit of account, the US Dollar, a tax credit, to mobilize resources (for good or bad) to achieve its purposes. So all laws passed, all bills passed leverage BRAND NEW $$$. Not tax $$$. 1/x
This is so unbelievably important. This relationship between a currency issuing government and its people is poorly understood and therefore so many really dumb takes come from the average citizen/politician/media. Yes, most have absolutely no clue what happens when govs spend $.
Its also why "revolutionary " takes on geopolitical events is always slanted to silly cries of "the end of the dollar".
Read 24 tweets
ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Dec 29, 2022
There is a HUGE public out there who thinks our nation, which creates its own currency everytime it spends, must be constrained like a household budget which cannot do the same.
The lie is so pernicious that no other factor will hold us back including corruption, rigged elections, or any other issue you may raise.
Because this lie is responsible for more death and destruction than any other lie, it is ground zero of our efforts. All the yellow vests and protests in the world will not fix what ails us until this is known.
Read 6 tweets

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