---LIFE’S THREE BIG LESSONS FOR THOSE WHO WISH TO WAKE UP---
1: Money is the root of all political evil.
1a: ...and it’s corollary, income inequality.
2: Modern Monetary Theory #Mmt demonstrates that we CAN have nice things. The only reason we don’t is because the powerful can only stay powerful if they keep the powerless powerless.
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3: Manufactured Consent is the non-violent way democracies keep the populace in check, placated, ignorant, distracted and uninformed.
What other lessons are there?
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Broadcast last night by @TheYoungTurks: “Republicans ADMIT they’re coming for your Social Security and Medicare.“ Almost 50,000 views as I write this.
@AnaKasparian (45sec): “It is going to add $1.9 trillion to our federal deficit over the next 10 years.”
Why is increasing the deficit a bad thing? Yes, it should go to the many, not just funneled to the few, but what specifically is wrong with an increasing deficit?
Without a deficit, the American people have no value. They have no investments, no bank account, nothing in their wallet. Without a deficit, the American people are completely choked off from their government. Without a deficit, we have no society.
You and I require income (a paycheck) before we can spend. We must choose and prioritize what each dollar is spent on. Food or medicine? Can’t afford both this week. Or... gotta chop that pill in half so we can buy food for our kids. Hard choices. One or the other. Either/or.
Before Nixon took the US dollar off the gold standard in 1971, the federal gov't was the same way: they needed income (i.e. taxes) before they could spend. Now that the US dollar is a "fiat" currency, "a budget" to me and you is
You & I require income (a paycheck) before we can spend. We must choose & prioritize what we spend each $ on. Food or medicine? Can’t afford both this week. Or...gotta chop that pill in half in order to buy bread & eggs to feed our kids. Hard choices. One or the other. Either or.
Before the United States went off the gold standard in August of 1971, the federal government was exactly the same way: they needed income (taxes, borrowing) before they could spend on federal programs.
1/ There is so much good in this video by @cenkuygur and @TheYoungTurks: The federal government prioritizes war over programs for the powerless. Like many many times over. But Cenk (and @commondreams) are SO wrong in HOW it’s presented. #LearnMMT
2/ The fed govt is not constrained by💰. The U.S. is a sovereign nation with fiat (non-gold backed) currency. It has infinite💰at its disposal. Whatever it needs, write it in a bill, vote it into law. BAM. New💰. (It SHOULDN’T create infinite💰, but it damn well could.) #LearnMMT
3/ State & municipal govts, and households, ARE constrained by💰, since they can’t create the currency. (Well, at the risk of going federal prison for counterfeiting, they could certainly try.) The fed govt (Congress) are currency ISSUERS. Everyone else are currency USERS.
1/ An analysis of the first three paragraphs of the audacious smear job article tearing down a great woman, @ninaturner. (We got your back @ninaturner. ✊👊💪🙏) #receipts
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2/ Paragraph one: That “Deep State conspiracies” link? The words “Nina” and “Turner” are nowhere to be found in the linked article.
3/ The link about the uranium one conspiracy? Her actual quote has nothing to do with what the linked article accuses her of (and what Fassler so easily, excitedly, and enthusiastically perpetuates).