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Austerity is Murder🌹#MMT🧨

@sdgrumbine

12 Dec

PERSON A: Can you tell me simply what MMT is all about?

ME: Sure, it's a description of how money comes to be and how it flows in a modern economy from cradle to grave.

1/x

PERSON B: Well, you didn't tell me anything we didn't already know... the government is broke because we are all out of gold, and now the government has to borrow money from private banks and China and we are passing debt to our kids because of wars for oil

and private banksters at the Fed have enslaved us... haven't you watched that Zeitgeist movie on Netflix...?

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Austerity is Murder🌹#MMT🧨

@sdgrumbine

12 Dec

There is nothing gentile about macroeconomics. Nothing at all. It is as much a weapon of mass destruction as it is the key to our collective survival. More people die from austerity across the globe than you could ever imagine. The hidden deaths of those denied basic human needs.

You see someone bust a cap in someone's head and think "now that's some violence right there" but when you see people get economics wrong and people die, some assholes want you to be gentile. Death is not gentile. Poverty is not gentile. Austerity is murder.

We need people willing to organize around this specifically. Pointedly. Willing to train up an army of people fed up and ready to make demands. Ready to force the situation & to bring this crisis to a head. We cannot save lives without this. No more paddycake with Dem plutocrats

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Austerity is Murder🌹#MMT🧨

@sdgrumbine

11 Dec

The Federal Reserve and the US Treasury have a consolidated Balance Sheet.

Let that sink in if you still think the Fed is private.

1/x

The Fed remits ALL profits back to the Treasury MINUS operating expenses.

When Congress writes and passes a bill, the Fed makes deposits from thin air to the Treasury's accounts to make payments. On demand. Out of thin air.

Congress created the Federal Reserve in 1913. Period.

Article 1 Section 8 gives Congress the sole authority to power of the nations purse.

Read 15 tweets

Austerity is Murder🌹#MMT🧨

@sdgrumbine

9 Dec

Funny, of all the vital roles people can find work, one of them I have attempted to teach people is project management. It is a universal skill & sorely needed in activism & program building. It pays & it is useful. I wonder why it is so challenging to get that point out there.

Situational awareness is a vital PM skill. Being alert and acting as a canary in the coalmine is a skill and responsibility of a good PM. Never burying their heads in the sand or checking out are key project manager traits required to ensure risks are managed & dealt with.

You can see how these skills would be useful for an activist or an activist organization. Checking out is a sure fire way to lose every single time.

Read 10 tweets

Austerity is Murder🌹#MMT🧨

@sdgrumbine

9 Dec

The right... The establishment "centrists" and the corporations that are oppressing the fuck out of most of the 99% are highly organized, have meetings and plan the fuck out of what they do. The left doesn't want to be organized, they wanna do stuff. Just run off based in feels.

The measure by which the enemy prepares and the tools they use for battle are what we are fighting against. It requires organization, planning and yes... Meetings

A plan can involve high level work group tasks. It can be a campaign. But it requires planning... It requires brainstorming. It requires ideation.

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Austerity is Murder🌹#MMT🧨

@sdgrumbine

27 Nov

All Federal spending is NEW MONEY. All Federal Taxation is the deletion of money. Have to repeat this all the time to make it stick, but the fact is money isn't created then spent. It is spent INTO existence. It's not sitting in a vault. Nor is it sitting on a Brinks truck.
#MMT

Why does this matter? Our money is democratically "created" when Congress, via Article 1 Section 8 of the US Constitution, authorizes spending. Banks dont create it, load it on a pallet and lend to the Federal Government. The real question is who does Congress serve?

It should absolutely disgust you how our education system has failed us as millions of libertarians and conspiracy peddlers say the *private federal reserve* (code for lemming treats) just arbitrarily "prints money". The great lies meant to confound and they have been successful

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