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Austerity is Murder🌹#MMT🧨 Profile picture
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9 Jul, 7 tweets, 3 min read
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More from @sdgrumbine

Austerity is Murder🌹#MMT🧨 Profile picture
11 Jul
Victims. Millions of them.

No matter who you were and are, financial terrorism looms large. In the aftermath of the 2008 Global Economic Collapse, tens of millions of people around the world were thrown into upheaval.

1/x
The immediate narrative shouted by mainstream media was people got greedy, or in over their heads, using their homes as ATM machines as if millions outwitted the system of global finance to destroy the world.
If that were the case, why did trillions of dollars get funneled back into the system that created it, all while tens of millions of people had their lives completely destroyed?
Read 9 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
4 Jul
This is your daily reminder that cash is not a real resource. It isn't food. It isn't healthcare. It isn't shelter. It isn't education. It isn't a Green New Deal nor is it Universal Childcare. It isn't a job with benefits. It's tokens that do not guarantee you a thing. Nothing.
This is your daily reminder that if prices rise and all you have is cash, you lose. This is your daily reminder that you have to know how to find the best deals, know how to handle your $$ without any power to influence capital. This is your daily reminder that cash isn't wealth.
This is your daily reminder that the robots are not coming to take away care work. This is your daily reminder that automation isn't enriching your local community and providing care for your children. This is your daily reminder of what the arts are and culture.
Read 26 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
3 Jul
Someone tell me how you recycle tax dollars when taxes are deleted upon receipt?

***all federal spending is newly created money spent into existence***

There is absolutely no such thing as redistributing federal tax $$.

The government can give everyone a job. Period. #MMT
If we do not understand the money story, we are likely to get everything after that wrong as well.
Read 16 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
26 Jun
First things first we have a sovereign, non-convertible, free floating fiat currency that is backed by an obligation: taxation.
1/x
Second: no one says we can just "print the money"... all dollars are merely a tax IOU and are created by keystrokes. The birth of a DOLLAR is congressional spending and the death of the DOLLAR is taxation
Third: QE (Quantitative Easing) is not creating money. It is merely swapping debt for liquidity. Banks do not lend reserves, so even a cursory understanding of the hierarchy of money would be excellent.
Read 16 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
26 Jun
Let's Just be absolutely fair: @RealProgressUS have been involved in organizing the @M4M4ALL along w/ many other activists & Organizations.
Bad people have tried to cancel & denigrate us becuz they don't understand our opposition to state based efforts. We are for NATIONAL #M4A
We have committed no less than 20 direct activists in volunteer support to both helping them and our own media coverage. We have also interviewed the lead organizer and have endeavored tirelessly to explain our position with experts in both law and economics.
People who are opportunists have tried the straddle a fence that is un-straddle-able.

The currency issuer/currency user dynamic is of vital importance under EVERY SINGLE Program Progressives want to pass.

Why would people slag us as libertarian or billionaire lovers?
Read 16 tweets
Austerity is Murder🌹#MMT🧨 Profile picture
25 Jun
Congress is captured by lobbyists ✅
The Senate is captured by lobbyists ✅
The Fed Reserve is captured by powerful financial interests ✅
The Presidency is selected by special interests via super delegates & lobbyists ✅
Time for a Civil Rights like Movement to purge corruption.
realprogressives.org/2018-02-04-end…
realprogressives.org/truths-and-myt…
Read 8 tweets

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