@OunkaOnX So if Trump told them to get involved, they would refuse?
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Ε.Α.Μ-Ε.Λ.Α.Σ.
1.1K posts
John Mearsheimer explained that Marco Rubio and JD Vance are avoiding involvement in Iran negotiations because both want to become president in 2028.
They understand that Iran is in the driver's seat and that the US has effectively lost the war. Any concessions made to end the war will enrage the Israel lobby, and the person who makes those concessions will pay a significant political price.
Both are protecting his political future. Not America's interests.
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@fiat_money @EMaggiori_ Because the purpose of taxes is not to fund the federal government. The money to pay taxes comes from the government. Taxes are to get you to earn the government' s currency by doing work, in order to pay the tax in the government's currency, that the government has created.
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Today is launch day!
Modern Monetary Theory #mmt is a seductive economic theory that's making the rounds around the world. It was popularized by Stephanie Kelton in her book The Deficit Myth, and it's been influencing politicians around the world.
The theory was dismissed by traditional economists right away. But I didn’t want to do that. I wanted to learn as much as I could before drawing conclusions. So, I approached it with an open mind and read over 3,000 pages of work by modern monetary theorists themselves and their most thoughtful critics.
The conclusion: MMT is not good. But I think we all need to understand what MMT says, as it’s a deeply seductive theory with the potential to cause a mess.
Get a copy of my new book now :)
amazon.co.uk/dp/1394375255/
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@NoLimitGains This debt is more related to money than actual debt, as in household or corporate debt. Paying the national debt means taking money out of the economy. So, if the national debt goes to zero, there are no US dollars in existence.
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@angeloinchina It's no longer multinational corporations and banks. Now, trans-national equity funds are the new empire. Just the top 3, BlackRock, Vanguard and Fidelity, have assets under management that rival US GDP. And global wealth has part of that, not just US wealth.
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People ommit very often to mention.... But the discreet Warrent Buffet might be one of the most influential man in the US.
Multinational corporations and banks control the politicians.... And Warren Buffett has the most voting rights (directly and indirectly) into those same corporations that control the fake US democracy.
The Kobeissi Letter@KobeissiLetter
BREAKING: Berkshire Hathaway announces its cash balance is now up to a record $397 billion. The company sold a net -$8.1 billion worth of stocks last quarter, marking its 14th-consecutive net quarterly sale.
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@Chillmantx @PhilosophyOfPhy A fourth spatial dimension is theoretical, not real. But if we assume it exists, we should be able to see a computer simulation of it, just like we know what a theoretical 4-D hypercube looks like if it would cast its shadow onto 3-D space.
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@gogreen1908 @PhilosophyOfPhy They say its because you have to be in a 4th spacial dimension in order to view it that way.
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Einstein’s path to the discovery that mass warps spacetime began with a profound thought experiment in 1907, which he later called, the happiest thought of my life.
It started with the question he asked to himself,
"If a person falls freely from the roof of a house, will they feel their own weight?"
When Einstein realized that a falling person would feel weightless. In their perspective, gravity would effectively disappear.
This led to several game-changing realizations;
First one is,
The Equivalence Principle;
He concluded that gravity and acceleration are essentially the same thing. If you were in a windowless elevator in deep space being pulled upward at a constant speed, you wouldn't be able to tell the difference between that and standing still on Earth.
Next one is,
Gravity as Geometry:
Because gravity affects everything exactly the same way regardless of mass, Einstein reasoned it isn't a "pulling force" like magnetism. Instead, it must be a property of the environment itself, which we know now as the fabric of spacetime.
Last but not least,
Warping Spacetime;
If gravity is equivalent to acceleration, and acceleration can curve the path of light, then gravity must also curve light. The only way for light which always takes the shortest path to curve is if the ground it's traveling on spacetime which is itself curved by mass.
For those just looking for fancy science fact it's just one of the discoveries about nature but Einstein himself it was the way of living life.
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@angeloinchina The US federal government has no use of income, as a business does. Profit is meaningless.
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He reminds me of those bodybuilders at the beach flexing there muscles to compensate for their small dxcks.
Sulaiman Ahmed@ShaykhSulaiman
TRUMP ADMITS AMERICANS ARE PIRATES “It’s a very profitable business. We’re like pirates.”
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@johnpavlovitz The federal government has no use of income. Even if it can convert foreign currency into USD, it has no use for it. If it collects existing USD without spending it into existence first, it takes it out of the economy. And that is a liquidity problem for the users of USD.
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People still do not understand where this is heading. They assume wealth taxes only target billionaires. That is how every confiscatory system begins. Then thresholds decline over time because governments discover there are not enough billionaires to finance the welfare state.
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@ZebesMoon @PhysInHistory I'm talking about what we can imagine with our minds and communicate it. As far as we know, no other animals ponder the existence of God.
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@gogreen1908 @PhysInHistory If an animal kills another, we call it nature and put it nature channel. When we do it, it's wrong. Why? We're no different from our animal relation and survival of the fittest is what drives evolution. When did we become something different than the rest of the animals?
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God was always invented to explain mystery. God is always invented to explain those things that you do not understand.
- R. Feynman
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@D162Michele Today's China is communism in name only. Mao's China was communism.
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@richimedhurst The US becoming the major energy supplier to the world, repatriates the USD, as countries will be paying the US for energy instead of someone else. That does not support the US as an empire. An empire has its currency exported, not imported. Something else is going on.
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While everyone watched Iran, Washington quietly finalized Nord Stream’s replacement: Poseidon.
4 gas deals in 4 months 🇸🇾🇮🇱🇬🇷🇨🇾
$3 trillion dollars
I spent weeks on these maps and this investigation to expose the US agenda in Iran and globally.
richardmedhurst.substack.com/p/how-the-us-p…
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@wgoggin In the case of QE by removing bonds from the private sector balance sheet and swapping for cash, the Fed terminates the future stream of interest payments that would have otherwise been injected into the private sector. That is a contractionary event for the future growth of M2
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Yes, when government spends beyond tax revenues, and sells bonds to manage reserves, M2 automatically increases.
But bond sales don’t “fund” or “finance” the budget or trade deficit.
They accommodate domestic and foreign desires to save in dollar denominated assets.
Kalani o Māui@MauiBoyMacro
I’ve been seeing more comments here lately about “Stealth QE.” Let’s dispel some myths: Yes, M2 is rising, but no, the Fed is not doing QE. There are a few reasons why M2 is currently rising. 👇🏼 First, now that QT ended in December, the Fed is reinvesting MBS, Bills, Notes and Bonds back into Treasuries as they mature. They call this “Reserve Management Purchases” or RMPs. Second, the U.S. government has been borrowing heavily from foreigners via Treasury securities sales, with foreign holdings hitting records in 2025 and early 2026 (around $9.5 trillion). This inflow of foreign capital helps finance large deficits, and when the Treasury spends those funds domestically, it directly boosts bank deposits and other M2 components in the U.S. banking system. This adds net new dollars to the domestic system without reducing U.S. residents’ liquidity. It also helps fund the fiscal deficit (which itself expands M2 through spending) while supporting the U.S. current account deficit. Finally, the continuation of massive deficit spending increases M2 regardless of the buyer. The government borrowing/spending dynamic expands deposits either way. It’s true that domestic buyers have absorbed the majority of new issuance as the foreign share of total publicly held debt has actually declined slightly to 30%, but that’s because total debt is growing so fast.
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@Rainmaker1973 If the vehicle comes to a complete stop on the road he's on, is he stationary or is he moving at 828,000 km/h? It depends on what you choose as your reference frame, not on physics.
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@fiat_money To ask whether the US gov't has or does not have money is not an applicable question. The Gov't spends into existence what Congress has allocated in the budget, and taxes some of it back. The gov't does not need to get the money it spends or use the tax money returned.
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@Science_TechTV Yes, but the caveat is that you have to use mathematics to describe reality, not fantasy. Ptolemy used mathematics to describe a geocentric solar system with its epicycles. It was mainstream scientific "fact" for 1400 years.
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Mathematics is the language in which God has written the universe.
- Galileo Galilei
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@PredicHistory Imported oil is only 15% of China's total energy consumption. So, if Russia can cover #0% of that, the rest can be easily covered. In fact, the US is willing to sell oil to China.
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China is surrounded.
US bases everywhere. Japan. Taiwan. Philippines. South Korea.
Strait of Malacca — being militarized. Middle East — at war.
Indian Ocean — blockaded.
Western Hemisphere — American territory.
Russia can cover maybe 30% of China's oil.
Where does the rest come from?
America. In US dollars.
For the next 10 years — China has no choice.
There is nothing they can do about it.
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@wgoggin For example, Social Security payroll taxes go into the Social Security trust funds, which are an accounting construct rather than a genuine financial necessity for a sovereign currency issuer like the US government.
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Where does it go?
Institute of Economic Affairs@iealondon
🧾 @EMaggiori_ : "MMT was born out of an accounting mistake — they thought whenever the government collects taxes, the money disappears. They literally destroy the money." Emmanuel Maggiori exposes the error at the heart of Modern Monetary Theory. 👇
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@wgoggin In the current US system, government rate-setting is operationally required because of two policy choices. IORB: Interest on Reserve Balances; and Bond issuance instead of using a permanent overdraft.
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Keep in mind that government creates money when it spends and must set the base rate (policy rate) to keep it from falling to 0%. So …
David Sommers@dgsommersmkts
What if the markets (instead of the Fed) set interest rates (the price of money)? Would we care who Chairs the Fed? Would we care whether he or she is "independent" or not? Would we care about his or her forecasts, views on the economy, favorites in an election, blah blah blah? Imagine how productive we could be with our time otherwise! What if there were no Fed, or it were at least reduced back to being a lender of last resort only, at a penalty rate of interest, on good collateral only? There are 350 million vibrant people making markets in this country every day. Why not let them decide the price of money?
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@tairoquinho @jacksonhinklle If everyone bartered instead of having currency around, can they attain wealth? Can wealth exist without currency? Of course they/it can.
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@gogreen1908 @jacksonhinklle Admitting currency isn't wealth is your own checkmate. If deficits just flood the system with empty signifiers, they don't create prosperity; they dilute it your 'currency base' isn't an economic foundation it's a parasitic ledger designed to siphon real material wealth
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🇨🇳 China is gradually selling US treasuries and buying gold.
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