Reason

Michael Hudson – America’s real adversaries are its European and other allies: braveneweurope.com/michael-hudson…

@SkribzSt Yup! Anyone telling you that AI can achieve human intelligence is lying. We don’t even understand the essence of consciousness, let alone have the ability to recreate it.

Ai will never exceed the intelligence of all humans because it lacks discernment. There's more to intelligence than algorithms and processing. The people leading this world wouldn't know that coz they're barely human and they move like ai. Look at him. Bloody bot.

This country isn’t set up for 30 degree weather man. Like, everyone looks gorj but they’re all struggling to breathe 😩

@beacham_ja99828 @TomLark93820927 We even got banned from Europe for years!

@TomLark93820927 I’m not even a left wing but how ironic is this 😂😂 football fans fighting has been a massive part of the uk for so many decades, get a grip

An Exact reflection of how our country has changed in 20 years. You would have never of seen this at Highbury, they oozed class. Fast forward 20 years you get black youths fighting on streets. Society is exactly the same. And you left wing cunts still don’t get it!

@BBCSteveR The article stated what”the new norm is”. Read that out too

Today’s Russian papers lead with the strike on the student dorm in Starobilsk. Also today, one newspaper suggests that through Russian history “major geopolitical losses were sometimes more useful than brilliant victories.” #ReadingRussia

The idea that interest rates are used to slow inflation is a myth, Michael Hudson argues. 'The guiding fiction is the idea that rising interest rates will slow price inflation by reducing bank credit creation and thus investment and employment. The fiction is based on the myth that banks help the industrial economy by creating credit to lend to companies to expand the economy. But that is not what banks do under the finance capitalism. They lend against assets already in place and available to be pledged as collateral, for the purpose of buying more real estate, bonds and stocks. The effect of these loans is to inflate asset prices, not consumer prices. 'Governments and their central banks may pretend to be lowering interest rates to spur the economy, but the basic reason is to re-inflate prices for financial securities and real estate. 'That’s the main aim of today’s finance capitalism, after all. Its aim of increasing fortunes by creating debt-leveraged asset-price gains has turned economies into a great Ponzi scheme.' Read/Watch the full interview here: braveneweurope.com/michael-hudson… #Economics #InterestRates #Inflation #GlobalEconomy #Finance

There is a lot to be said about bond market speculative activity and how damaging that can be, but an under-reported issue is the damage commodity market speculation (e.g. oil) does to consumers.

Sunspots And Mass Excitability

90% of money created since 2000 was created by private banks. Not the government. And between 1980 and 2000, the government was actually destroying money while monetarists were blaming it for inflation. In my latest video, I show exactly how private debt acceleration drives asset price booms, how financial equity works like a seesaw that always tilts against the non-bank sector, and why the obsession with cutting government deficits is making all of this worse. You'll find more details in the comment section. #PrivateDebt #FinancialInstability #EconomicReality #PostKeynesian #SteveKeen

@FabrizioRomano He did it for the World Cup.

❤️🤖 38 games, 38 starts in Premier League this season for Luke Shaw.

Very sad watching glimpses of Arsenal being successful. Doesn’t match when Liverpool did it with Klopp. But it’s close.

@Frances_Coppola @DavidMcNab17 If the jobs are worth doing, then why aren't they being done already? Unemployment is a trade-off to inflation. And why should they only be done when there is labour market slack? It’s a point made in instances of unemployment. It highlights that unemployment isn’t necessary.

@DelegateKaizer @DavidMcNab17 The Phillips curve has nothing to do with my questions. I think those GPs should be employed. But this has nothing to do with my questions. Please address my questions rather than building straw men.

If the jobs are worth doing, then why aren't they being done already? And why should they only be done when there is labour market slack?

@Frances_Coppola @DavidMcNab17 Philp’s curve is the answer. Theory thinks X amount of the working age population controls inflation. David is right in that we could and should be employing those GP’s.

@DavidMcNab17 You have not answered my questions.

Unemployment is not a force of nature. It's a policy choice. The Bank of England could offer every person a job at £15/hr today. It doesn't, because orthodox theory says joblessness is necessary to control inflation. #MMT #JobGuarantee #UKEconomy

@ummyaseen123 😂for real!!!

@BBCNews Why don’t you create jobs for them instead?

Government spends 25 times more on benefits than jobs for young people, says Milburn bbc.in/4dF7vr3

The strange thing about Hormuz is not just the disruption. It is how quickly a modern economy turns out to be sitting on a few narrow physical channels it cannot replace on demand. That is the real lesson here. Not abstraction. Not sentiment. Just how exposed the system is when the flow of basic inputs gets choked off. To dive in deeper, check out the comment section. #SteveKeen #Economics #SupplyChain #FoodSecurity #GlobalEconomy #OilCrisis

@Frances_Coppola In short: selling bonds tightens financial conditions even as interest rate cuts loosen them, and the Bank of England needs to think carefully about how these forces interact. Key: “how these forces interact.”

The Bank of England has never explained its rationale for active QT.

"Shit jobs tend to be blue collar and pay by the hour, whereas bullshit jobs tend to be white collar and salaried." -David Graeber

@DanielaGabor Not "borrow better": "spend better".

@georgegalloway They thought their thuggery stopped with Palestinians.

This is a German citizen a European Union citizen kidnapped in International waters and savagely beaten by Germany’s ally Israel.