Thread by @jembendell

Don't blame #Putin or #Covid for your sky-high grocery bill. Blame the elites who collude with the biggest scam in history, involving #CentralBanks and their friends in finance, under the cover of the pandemic
A thread on #QuantitativeSleazing ...
wiki.p2pfoundation.net/Responding_to_…

Since the start of the pandemic in March 2020, #CentralBanks in the West began pouring trillions into the coffers of large corporations, making their #stockmarket friends rich while making us poorer through high #inflation
#QuantitativeSleazing
wiki.p2pfoundation.net/Responding_to_…

#CentralBanks should not favour one business over another by giving them easy loans. Helping large & dirty corporations outcompete smaller firms is anti-business, anti-markets, anti-democratic & anti-sustainability. Such #QuantitativeSleazing makes mockery of green promises

By choosing the world’s largest asset manager to manage its buying of #CorporateBonds, the #USFed pumped up shares of #Blackrock’s investments. Imagine bullies taking over the school sweet shop & handing the sweets to their friends. But worse, it affects what we can afford to eat

In my #TEDx talk 10 years ago I said the monetary system is violent to ourselves & nature, so must be reformed, disrupted or escaped. I mentioned #Bitcoin & warned of Facebook issuing a currency to take power. A decade on I discovered it is a lot worse

The whitepaper for #Bitcoin first appeared in the world via the @P2P_Foundation. Did #Satoshi conclude that monetary reform is impossible & disruptive innovation essential? It's why I publish my essay on #QuantitativeSleazing on their wiki.
wiki.p2pfoundation.net/Responding_to_…

Remember when the Left stood up for collective worker needs & the Right stood up for small business? Both are screwed by the pandemic #QuantitativeSleazing scam from Central Banks, yet neither Left or Right responded. Have they?

The power of unaccountable & impoverishing alliances between the state & the largest corporations has a definition in political theory. In what ways is corporate bond buying by Central Banks not a technocratic #FinancialFascism?
wiki.p2pfoundation.net/Responding_to_…

For the last 2 yrs, economics journalists didn't warn us how Central Banks were dishing out cash to large firms, distorting markets & making us poorer. What does that show us about them? @AbbyMartin @novaramedia @tomazgreco @scientificecon @MomentumEconomy wiki.p2pfoundation.net/Responding_to_…

Our problem with mass media & bigtech is not they are owned by a billionaire who is from a dodgy country or who has one biz sector interest. Key is that they are all owned & sponsored by people & institutions benefitting from the biggest scam in history - #QuantitativeSleazing

Ineffective critics have asked for more transparency, or for less QE to go to #fossilfuel companies. For 2 years they haven’t quite been shouting the alarm, or resisting with legal action, political pressure, or even direct action. But we still could..?
wiki.p2pfoundation.net/Responding_to_…

“The #WorldBank Chief Economist illogically puts blame for inflation on non-monetary policy causes, such as oil prices, while @ same time calling on Central Banks to tackle inflation as if it had a monetary cause. That is tantamount to calling on the mugger to nurse the wounded”

Beyond high #inflation, you can read about the wider damage caused by corporate bond buying by #CentralBanks, under the cover of the pandemic, in my essay on the #P2PFoundation
@TulsiGabbard @MMFlint @aaronjmate @claudiogisler @britishchambers @CBItweets
wiki.p2pfoundation.net/Responding_to_…

What to do? Don’t be distracted by #ConspiracyTheorists pushing our concern & righteous anger into a dead-end of impotent stress. The current system & its officials are the enemy, not vague ideas on future #CBDC/UBI. The latter is entertaining irrelevance wiki.p2pfoundation.net/Responding_to_…

So much we can do! I list 10 actions & conclude please "forward this essay to producers of contrarian analysis on social media, such as @chrismartenson @BretWeinstein @rustyrockets @WisdomRebel @joerogan @EmpireFiles & @unherd"
Thx @P2P_Foundation
end🧵
wiki.p2pfoundation.net/Responding_to_…

I added an addendum about Dr Vighi's arguments about Central Banker's prior anticipation of the pandemic lockdown policies, and on the power of #Aladdin system/robot at #Blackrock by @rogerhamilton See the end of my blog on this thread jembendell.com/2022/03/24/don… @PositiveMoneyUK

The Bank of International Settlements is a kind of Central Bank of Central Banks. It promoted the mass corporate bond buying by #CentralBanks which is at the root of global high #inflation. But its boss will blame anything else. #TechnocraticCrooks?
theguardian.com/business/2022/…

Critiques of #BankOfEngland hurting the poor by CAUSING #highinflation are getting a bit more attention. Now for the more mainstream commentariat?
@OwenJones84 @yanisvaroufakis @novaramedia @chakrabortty @JeremyWarnerUK @johnmcdonnellMP @RLong_Bailey
opendemocracy.net/en/oureconomy/…