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Austerity is Murder🌹#MMT🧨 Profile picture
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12 Jul, 5 tweets, 2 min read
Disappointing truth: from evictions to foreclosure fraud to a Green New Deal... MSM isn't covering it and the rest are following clickbait.

We are fucked.
realprogressives.org/podcast_episod…
realprogressives.org/new-untouchabl…
We deserve better from our media and we deserve better from our movement.

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More from @sdgrumbine

Austerity is Murder🌹#MMT🧨 Profile picture
12 Jul
In the real world, we live in a monetary economy and in the real world, only the bad guys have given a fuck to learn how the actual system really works. They are not just vapidly saying "the system" which is a nebulous hand wave at an issue they refuse to learn or engage in.

1/x
We see clickbait, claptraps about low hanging 007 James Bond issues & the most important issues, the economy which funds absolutely EVERY SINGLE ISSUE PROGRESSIVES /Leftists say they want. Why do Twitter royalty skip these vitally important issues & say stupidly "the system"?
The Twitter perch has destroyed this movement worse than the establishment ever could do to us.

240 characters or less... Bumpers stickers.

Zero depth.

Absolutely less than zero.
Read 5 tweets
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
9 Jul
Image
To illustrate #MMT @ALT_JD Image
#MMT Image
Read 7 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

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