Thread by @RedKahina

blackrock.com/corporate/insi… 2019. "Going Direct" means privatizing the treasury

An unprecedented response is needed when monetary policy is exhausted and fiscal space is limited. That response will likely involve “going direct”: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector

spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy

coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates. -- Blackrock August 2019

Now this last phrase, the number 2), is the most important thing here, the thing all the Marxists will understand. This is about the DEMARKETIZATION of

CAPITAL, something that industrial cartels would have done in the past, but because this is newly possible, this is a permanent change in the social relation known as CAPITAL, it is the ABOLITION OF FINANCE as we know it, of FINANCE CAPITAL. It proceeds under the guise of

its expansion, because -- remember your Hegel now to picture it -- this is the nature of this social relation, that as control concentrates, the contractions that create the value exchanges are transcended. FINANCE is being made a public utility but for the supreme caste, the

proprietor caste. This is taken a phrase from some socialistic industrialist-sponsored thinkers, gutting it of its actual social historical content and wrenching it from the context of its proposal, and repurposing it in the time honore tradition of fascism and Platonic Slavery

Marxists will understand that what Black Tock is proping here is to REMOVE from the WORLD the contradictory and troublesme relation that is capital, and replace it with another kind of title and relation that has all the advantages of capital and none of the drawbacks for owners

RIGHT NOW we see the inflation of the printing and borrowing -- to disguise which all manner of cover stories, coordinated also to disguise the huge plunders and the massive dispossession and economic shrinkage, are being told -- that can ONLY be checked by both raised rates and

massive tax back from the ruling class. Obviously ain't going to happen. But not because of "corruption" but because this is the TECHNICAL means of abolishing and transcending the contradictions of capital. This is the conceptually simple, practically impossible until now,

constellation of TECHNICAL GIMMICKS by which capital as we know it will be transcended and replaced by other titles, while global company scrip, ruling caste scrip, will be introduced for distribution of greatly diminished means of survival and consumption for slave labourers

Now the dopey dissidents who want to tell you "they don't know what they're doing" and "there's no planning" and "its all out of control," say this because they themselves have no idea what any of this means, and don't want to know.

Of course there are a lot of factors here, of consequences yet undecided, of class war struggles; these dopey dissidents thinks things are either predestined by Algorithm Calvinistically or completely unpredictable as they themselves experience life at the whim of patrons.

In fact of course, as everyone used to understand, there is praxis, there is adulthood and competence, there is still plenty of Virtu to wrestle with and subdue Fortuna. And there is much concentrated power, concentrated as never before, which means NEW intensities of capacities

We are in a situation that was produced by the success of ENORMOUS GAMBLES the ruling class vanguard -- boldly, even recklesssly -- took since the Bush regime and associates began to plan 911. And what we are face now is also involving for the ruling class enormous RISK. WE ARE

THE BIGGEST PART OF THAT RISK.

There are spooks out there, thousands, cheap as dirt spooks, who are of course working on this angle of inviting you to "be against property." That's not class war that's liberal fantasy. We are FOR PROTECTING AND INCREASING working class property and angling to RE EXPROPRIATE

the ruling class' property. When someone diverts conversation into those vague abstractions -- are you "saving capital" are you "defending property" -- what they are doing is a reification of social relations (disguising your claim to air) for the purposes of con artistry&theft.

There are really obv things the chin scratchers constantly overlook like the low interest rates don't meet much opposition because : elimination/disempowerment of the concerned class, AND the fact that the WORKING CLASS HAS BEEN FORCED TO BE THE INFINITE LENDER

There are still a slew of econ-watcher "lefts" in utter denial of the staggering reality, this rapid smothering of the economy, making of the economy scream and ferocious lightning plunder. And until they bring themselves to see it there is no reasoning with them

You get from a different niche of this ilk "there is something worse than capitalism and we're entering it" which is like saying "there is something worse than a knife thrown at your heart and thats its hitting." Always impulse "reify and choose
"

"ISN'T [proprietor appropriator class imposing on workers] forced vaccination good cuz anti individualist therefore socialist?"

No.