Dr. Steve Keen

@ofctimallen Primary Bond sales don't actually borrow money. Instead, they convert the asset backing fiat-money from Reserves to Bank-owned Treasury Bonds--as this Ravel video shows. There's much more to tell, but the paranoia over government debt is based on ignorance of the accounting.

We only get around 75 years to live… if we’re lucky. And Trump has taken 10 of those years from our peace. That’s not small. That’s a huge part of our life gone.

🚨 Breaking: Israeli soldiers have reportedly declared opposition to Benjamin Netanyahu during a clash in Lebanon, saying they no longer want to fight and are calling to stand together against him, demanding peace and stating that war brings them no benefit. It was claimed that Israeli Lieutenant General Erel made this announcement.

The real problem is nitrogen-based fertilizers, which are, as a rule, derived from oil-based naphtha or natural gas. Currently, Qatar takes natural gas produced at its South Pars gas field, which was recently struck by Iran, to make ammonia and convert it into urea. Urea is a natural gas-based fertilizer made primarily of nitrogen that you can spread in physical form, whether pellets or ground powder. This one facility in Qatar is responsible for about 11% of global urea production, the primary method that people use to apply nitrogen. Collectively, the Persian Gulf is responsible for between 30 and 35% of global ammonia production. And all of that has now gone to zero. Now, of the three primary fertilizer nutrients (nitrogen, phosphorus, and potassium), nitrogen is the one I am least concerned with in the short term, because it can be derived from either natural gas itself or oil. Here in the United States, we are a net oil exporter, have scads of natural gas, and can produce pretty much all the nitrogen we need. But now, due to recent attacks on Persian Gulf infrastructure, a large majority of the globe cannot do the same. In the short term - in the U.S. - we're likely to avoid massive shortages of nitrogen-based fertilizers. Yes, prices will rise, but we won't have actual shortages. But if you fast forward one, two, three, ten, or twenty years, the rest of the world will be in chronic nitrogen deficit. That's before you consider shortages of the other materials that are likely to manifest in the years to come. So, prepare for an environment where global food production stalls...and then crashes. #agriculture #farming #fertilizer #geopolitics

So Iran has hypersonic missiles, cluster munitions, the most advanced, war ready and cost efficient drone model on the planet and they've effectively been fighting 6 countries at once for 3 weeks with a yearly budget of $10 billion. and we're supposed to believe they never figured out how to build nuclear weapons? Nonsene. If Iran wanted a nuclear weapon, they'd have one. They don't and never did. Joe Kent's telling the truth, they literally voted against developing them in 2004. "Iran must NEVER get a nuclear weapon" is the "Saddam Hussein has weapons of mass destruction" of 2026. This entire is treasonous and based on a total lie.

I feel a bit deflated this evening. The UK Covid Inquiry has concluded six years too late that covid is and always was airborne. I fought so hard in my local community to raise awareness and understanding of what airborne transmission meant. I was laughed at, ridiculed, attacked, but I was right. This is cold comfort, because nothing will change - because now they think *it's a good idea to catch everything*. Now they know things are airborne, they'll probably seal the doors and windows to make sure everyone catches everything. It's not the understanding of airborne transmission that's the problem, it's that people now think it's good to get sick. And their broken bodies are less able to fight off infection, so when they catch everything all the damage piles up. I hate this timeline.

Given that we're probably about to collapse into a multi-year famine where millions die, I want to offer a "science" moment to remind you that every time we test human hair vs. animal fur in my mass spec laboratory, the human hair is FAR MORE CONTAMINATED. Which means if you eat your neighbor, you are most definitely going to get an insane dose of heavy metals, glyphosate, PCBs, dioxins and toxic seed oil lipids. I'm pointing this out because even you don't have MORAL boundaries that would prevent you from eating your neighbor, you should probably think twice anyway because of the toxicity of your neighbor. Your neighbor probably uses toxic laundry detergent, toxic perfumes and lotions, toxic synthetic dyes, and eats a garbage diet of toxic foods and microplastics. Eating your neighbor is a recipe for serious food poisoning and diarrhea. And possibly scorn. If you are really, really hungry, eat the jet-ski or the luxury hand bag you stupidly bought with the money you should have been spending on garden seeds and storable food. In contrast, if your neighbors try to eat YOU, give them some ammo to chew on. Preferably one round at a time.

The purge on YouTube continues. The platform bans Rick Sanchez, a former MSNBC and CNN host and now host at RT. A great journalist by any standards has been deleted. @TeamYouTube are you serious about that? If Rick has a chance at coming back, it‘s only through mass pressure on YT. If you tweet about this, do so with „@TeamYouTube“ in your tweet, so that they might see the uptick in negative mentions.

Oil could hit $150 a barrel. Not because of speculation. Because one-third of the world's oil supply is now at risk, and there is no substitute for oil in global production. None. Here is what mainstream economists are missing: When you bomb a major oil producer, you do not just raise pump prices. You raise the cost of every input in every production chain on earth. Firms absorb it, pass it on, or shut down. Workers see wages stay flat while costs climb. The government prints money to fund the war. Prices rise. Growth stalls. That is warflation. Add a private debt market that never properly recovered from 2007, a corporate sector carrying record leverage, and a Fed that will cut rates even as inflation climbs, and you have a combination that no standard economic model has been built to handle. I break down exactly what this means for portfolios, oil markets, private debt, and the Fed's next move in my latest video here - youtu.be/pZSIJlNpmIU?si…

@David_Tracey x.com/ProfSteveKeen/…

@battleforeurope The Old Left was a threat. So the CIA spent decades funding a New Left focused on identity instead of class. Thomas Fazi explains how we got here and why it matters in order to understand Europe's vassalage. #CIA #NewLeft #ClassWar

Two of Qatar's 14 LNG trains are now offline, damaged or destroyed. 3-5 year rebuild time, according to QatarEnergy CEO. This takes 17% of Qatar's LNG exports offline for 3-5 years. Trump's war on Iran will now have 5-year impact on food inflation, industrial shutdowns, global food scarcity and the cost of electricity. This is what happens when a delusional president throws the entire world under the bus to appease his Zionist masters in Israel. IMPEACH TRUMP before the entire world burns and billions starve.

Imagine the history books of the Epstein Wars conclude that Donald Trump is responsible for the end of petro-capitalism, and forced a global state-led and state-planned transition to Green renewable energy.

The Levy advantage has always been understanding the internal workings of financial crises and the endemic instability of our financial systems. 🧵below

🚨 Trump just threatened to nuke Iran: “The power of some of this weaponry is unthinkable. You don't even want to know about it. You could end this thing in 2 seconds if you wanted to.” Enough is enough. This is the second time he has threatened to use nukes. REMOVE HIM NOW!!!

Remember all those asses who portentously started calling Kiev, Kyiv? Guess who always called it Kyiv? The Russians! Kyiv was the first capital of Russia. They are the SAME people. We took a side in a civil war. Rarely a good idea. Kiev is the English for Kyiv. Like Moscow is English for Mockba. Like Paris is English for Paree!

It's time for a third edition. Anything you would like to see in it? e-elgar.com/shop/usd/an-in…

Professors Harvey and Keen take the stage. Their task? Tackle ten economic myths that derail our prosperity. First up. Neoclassical economics won some kind of “economics” Olympics and has been proven to be the best at describing and predicting the economy! #ScotEconFest