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Thus spoke me, DP Profile picture
Thus spoke me, DP
@darenpa72
Look into my eyes, see your own eyes reflected. You like money too? We should hang out. Follow me? Follow u. Unfollow me? Unfollow u. CTRL+ALT+🤷🏼‍♂️
Apr 25, 2020 • 10 tweets • 3 min read
@UnstoppableDad1 @SelfDestructCap Yes, NGL: I have still not really come up with the perfect extension of the plumbing that captures Eurodollar properly.

I realised as soon as I posted it, the turbo was really just domestic banking.

Extra-domestic use of dollars was something else.

Ideas welcome, as always..? @UnstoppableDad1 @SelfDestructCap TBF, kinda running out of road with the screenshot and MS Paint toolset 🤣👍
Apr 25, 2020 • 13 tweets • 5 min read
@SelfDestructCap Yes, taxes drain - and cutting or eliminating taxes, while money is still being injected by FG (incl it’s agency the Fed) will see the bathtub overflowing with liquidity.

Tbond sales also drain. Until maturity, or QE time, when FG reinject.

👍 @SelfDestructCap (The depth of the water in the PS bath

x

The speed of the churn by banking system turbo)

/

The goods and services available to buy with the money

=

Price level
Mar 6, 2020 • 112 tweets • 27 min read
“Today’s liquidity conditions are like the waters receding before a giant wave.” “The coronavirus outbreak and the shock that preventative measures introduced to manufacturing and services activity will lead to missed payments globally. …
Oct 10, 2019 • 8 tweets • 3 min read
"[un]Like other central banks the E[S]CB is [not] threatened with the end of its control over the creation of [base] money."

Because, unlike some other CBs, they are able to mobilise their Number One Asset, to soak up any problems (or purchase more of it, to expand liquidity). bit.ly/2p5TvC0
Oct 12, 2017 • 14 tweets • 2 min read
Money is created by the Central Bank, intermediating between government and its creditors. The Central Bank doesn't earn interest except when pawning assets for Banksters. Even then, its rate isn't usurious.