Fortunately the deficit doesn't matter.  Our trading partners would rather hoard the currency they buy from us by selling us goods.  Actually they would prefer to swap that currency for treasuries and hoard that instead, but same difference. Same difference for the entities in the US that hoard the currency they buy from us by selling us goods and services.  Edit: or the banks in the US that hoard the currency they buy from us by renting us currency. And they too would prefer to swap the currency they've accumulated for treasuries so they can hoard that instead.
The Fed Gov simply rolls the debt over. Just take it further. When debt is about to mature, in advance of that the Fed Gov issues new debt to cover the debt that is maturing plus interest. And then pays that out. Net currency in = net currency out. And it's going to and from the same parties. The parties that would prefer to hoard treasuries instead of currency. So the interest doesn't matter. More ... And for any spending, currency in = currency out as well. Currency in is split between taxes and debt issuance (assuming deficit spending). It's just in that case, the currency out doesn't go to entities that buy bonds. But the public that receives the spending, spends it quickly. And after being spent that currency eventually ends up in the hands of ... drum roll ... the entities that buy bonds. It's a virtuous cycle. More ... Currently M3 = $20.8T. As long as a new round of deficit spending is << than M3, you're good. And that's not for the total deficit spending over the year. Because the velocity of money is in the basement. Consequently money spent by the Fed Gov ends up quickly in the hands of the entities that buy bonds (I.e. it doesn't take nearly a year), where it can be recycled back into more deficit spending within the same year. Bottom line, the Fed Gov has plenty of head room. Look at the head room the Fed Gov took advantage of for Covid. To simplify, the deficit doesn't matter.
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Are they part of the axis of reptiles too? Or just another punk country that we can make our bitch?
BREAKING: 🇺🇸🇨🇺 Trump is preparing for an invasion on Cuba, per CBS News The U.S. military is preparing for a possible operation around Cuba, with the Army Reserve identifying units that could be called up within 90 to 120 days, according to an internal Army message reviewed by CBS News. The message requests an assessment of available medical, surgical, military police, engineering and logistics forces. No deployment orders have been issued.
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djrichard retweeted
Replying to @RogueKite
I would roll it back from the CIA to the IMF’s attempt to convert Ukraine into a debt prison for its population, one in which a large fraction of their tax base would reliably be pumped out to Wall Street and the City of London, while asset selloffs to the same entities are forced on the country. Here is the IMF loan timeline: 2004 SBA — SDR $412M; 2008 SBA — SDR $11.0B; 2010 SBA — SDR $10.0B; [Yanukovych halts IMF structural adjustment & austerity program in 2010; continues fuel subsidies for Ukrainian people and doesn’t cut social services; IMF freezes loan payments to Ukraine; Yanukovych accepts $15.5B Russian loan in Dec 2013; coup launched by CIA/NGOs (Omidyar Network etc.)/MI6 in Feb 2014; IMF then restores payments)] 2014 SBA — SDR $11.0B; 2015 EFF — SDR $12.3B; 2018 SBA — SDR $2.8B; 2020 SBA — SDR $3.6B; 2022 RFI x2 — SDR $2.0B; 2023 EFF — SDR $11.6B Now at this point, Ukraine is in permanent debtor status, and under corrupt Zelensky leadership sells off the country’s assets (land, mines etc.) to Blackrock and dozen or so other foreign outfits, funds, banks, etc. That was the plan all along. And yes, American media outfits won’t get into this, not corporate or alt-left or alt-right, they all seem to be pro-imperialist in one way or the other. tlio.org.uk/war-and-theft-th…
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THE UN IS NOT FIT FOR PURPOSE. They found a mass grave in Gaza filled with the decaying bodies of women and children, their hands zip-tied behind their backs. AND DID NOTHING.
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List of countries whose delegations walked out of the General Assembly hall during the speech by wanted war criminal Netanyahu: Iraq Iran Syria Tuvalu Turkmenistan Yemen Egypt Panama Senegal Palestine Sudan Tunisia Turkey Venezuela Antigua and Barbuda Congo Oman Qatar Saudi Arabia Tonga Uzbekistan Angola Barbados Colombia Comoros Dominica Djibouti North Macedonia San Marino South Africa Somalia Algeria Bangladesh Brunei Darussalam Brazil Chile Democratic Republic of the Congo Lebanon Liberia Eritrea Chad Central African Republic Libya Mauritania Jordan Nicaragua Madagascar Niger Peru Saint Lucia Slovenia Afghanistan Bahamas Bosnia and Herzegovina Botswana North Korea Eswatini Uganda Pakistan Lesotho Bolivia Spain Cuba Equatorial Guinea Iran Kyrgyzstan Mozambique Myanmar Ireland Maldives Indonesia Kuwait Namibia Malaysia Guyana Kenya
⚡️🎥 Delegations walk out of the UN General Assembly as Israeli Prime Minister Benjamin Netanyahu, wanted by the International Criminal Court over war crimes in Gaza, takes the podium:
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djrichard retweeted
Replying to @WSJ
Turns out some people do know
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RT @NerdeenKiswani: I really can’t respect any politician or elected official getting arrested protesting Netanyahu today if they’re not al…
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djrichard retweeted
Governments come and go. After all it was British state policy that Mandela was “nothing but a common terrorist”. I saw Mrs Thatcher declare it. Today it’s Palestine, Russia, China… These things will pass. And then, like Mandela, everyone will claim always to have been like us.
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What happened to me is bigger than one artist or one stage. When the billionaire class can decide which voices are allowed on stage and which ones are too dangerous to hear, everyone should be paying attention. So we're going on tour. All proceeds will benefit organizations supporting the Palestinian people and movement. Sign up at macklemore.com
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RT @NerdeenKiswani: Kamala is a war criminal. There’s no justification for campaigning with her. It’s like saying a candidate has to work w…
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An axis of reptile-kind. That's got to be more evil than an axis of terror.
Kennedy: I think that the people running Iran are reptiles. And they're part of a colony of reptiles. The chief reptile is President XI in China. You can't trust any of them. All of them are the same. It's like the same hooker in different dresses
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The fascist imperialist will tell you he is guided by a thirst for resources or a divine right to dominate. The liberal imperialist will tell you that he is guided by the “rules-based international order”. Then both will bomb your family and take your wealth.
Reporter: But do you think that Mr. Trump goes too far when he says he is considering destroying Iran? Mark Carney: Well, there is a war underway, and he's speaking the language of war.
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Alastair Crooke (@AWCrooke): There is no world order left to restore. The West knocked legal and moral norms aside. What remains is dollar coercion and the bomb. Eurasia can build a defensive order first: escape from the dollar and from sanctions, not a concert of powers. “Yes, the world order, well, there is no world order now. It’s been completely trashed. I think that underlying this is the fact that, particularly in the West, we’ve lost the sense of moral values. We’ve let them go. We have only fragments of them. And so when you have no moral values—none of the values which came historically to us from what it means to be human, from what our civilizations told us, those narratives, those myths, those stories that gave the moral architecture to life and to society—we live by those narratives. They formed us and shaped us, and now they’re mostly gone, and we live in a rather crassly material, mechanically rationalist world, and those values are no longer present. It’s all about power and coercion. And so we have a world order that values nothing: legal norms, the norms of morality, the civilizational structures that used to attach to the West are now replaced by bombing of civilian areas, by threatening financial ruin on societies, by actually threatening even to annihilate civilizations. How do you have a world order in this construct? It’s very difficult, because the underpinning commonality of values is just not there anymore. The Russians believe they have values held in common. It’s also an Orthodox Christian state. But quite clearly it’s no longer the case. Those values and those underpinnings have gone. And so what the other states—China, Russia, Iran, India and others—can do is really not to have a proper multipolar order. The best they can do, probably, is to have a deterrence, a defensive order: an order whose prime purpose is to escape from the hegemony of the dollar, to escape from the hegemony of sanctions, to escape from all of those elements. So we are left, therefore, in a world of geopolitical confusion and immorality, with no morals, no sort of final hurdles to clear. They’ve all been cleared. All of the legal norms have been just knocked aside. Moral norms knocked aside. Children, women being killed en masse didn’t matter. All of these things have really made the possibility of having some sort of concert of powers come into existence almost impossible to imagine beyond the sort of defensive element. And that, of course, is where kinetic defense comes into play: to have enough missiles, to have enough means of projecting power. You need these to compensate for the fact that there’s no common language, no common basis for a multi-global order. So the old order is definitely gone, and the new one is probably going to take shape, but it won’t come smoothly. It won’t flow into a new world order, because I think it’ll be very disruptive. We’ve got to go through a process of catharsis, constructive destruction first. And so the destruction is taking place in the Middle East, with Iran changing the whole global order in the Middle East, and with Russia and China changing the global order in Eurasia. So yes, we’re getting there, but it’s going to take some time before that happens. What are the conditions to make that happen? Well, really, either there has to be some form of economic implosion in the West that deprives it of its dollar hegemony and its ability to sanction people, to coerce people through the financial system, or else there’s going to be a geopolitical collapse in the West. But that is still going to mean we’re going to have to move through a rather difficult, turbulent geopolitical process which will be very dangerous and very concerning for people, because it may produce all sorts of unexpected and dangerous outcomes.” The concert is finished. Settlement outside the dollar is the first architecture that can exist. The physical economy will settle the rest.
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djrichard retweeted
Sam Altman is warning the world about Sam Altman, and says we need to stop Sam Altman because Sam Altman can’t stop Sam Altman.
OpenAI CEO Sam Altman on potential dangers of AI: "First, we could lose control of the future to AI. The risk is that it moves so fast that people can no longer follow what's happening or intervene when needed."
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djrichard retweeted
F@cked faces sitting together plotting 🔻
Trump: We may have to blow up Pickaxe Mountain.
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djrichard retweeted
Russia is not our enemy. Iran is not our enemy. Palestine is not our enemy. Yemen is not our enemy. The enemy is within.
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djrichard retweeted
None of this matters even a little bit. Voters don’t even have the choice of a non-pro-genocide party, much less a party against forever war, and even less that is opposed to the elite harebrained scheme to confront and lose to China.
More than half of Americans support “friendly cooperation and engagement” with China. For Democrats, it’s 2/3. From a new Chicago Council survey: globalaffairs.org/research/p…
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djrichard retweeted
Siddharth Kara just said it on Rogan: Britain paid the slave owners a fortune. Taxpayers finished the Bill in 2015. £20 million. Forty percent of the entire national budget. Then they borrowed the money. British taxpayers were still paying that loan in 2015. Not 1850. 2015. People who never owned a slave, never saw a plantation, were still on the hook for compensating men who treated human beings as property. The Gladstones cashed one of the biggest checks. Tens of millions in today’s money. On top of the fortune they already extracted. The enslaved got five more years of unpaid “apprenticeship.” Then Britain just replaced them with Indian indentured labor and kept the machine running. That’s the part that doesn’t make the museum plaque.
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djrichard retweeted
Vladimir Putin couldn't deliver a speech at the UN General Assembly due to ICC arrest warrant, but Benjamin Netanyahu can deliver his speech at the UN even with ICC arrest warrant! How much Zionist lobby have control over the UN and US. This world has completely lost its meaning
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djrichard retweeted
Delcy Rodríguez is a fanatical devotee of a deranged Indian pedophilic sex-cult founded by Sathya Sai Baba. Here are photos of her in India worshipping at his altar. This pedophile sex-cult has a division in Israel, and was spread there and to the West by Zionist Jews. Chavez hated Delcy and expelled her from the top leadership of the Bolivarian movement. Nicolas Maduro is also a devotee, inducted into the cult by his wife after it had already become public that its founder was a pedophile mass rapist. After he succeeded Chavez he brought his fellow cult-member Delcy back into the leadership, and now she is the Mossad-CIA appointed Dear Leader of the country, after the fake kidnapping of Maduro who keeps publishing messages via his family/son about how awesome everything is and laundering the slogans her regime is using. All of this is in violation of the Venezuelan constitution which requires an election in the absence of the democratically elected president, but that is just a piece of paper no one in the Mossad-CIA regime gives a shit about. If you look on YouTube for Sathya Sai Baba, you will find a documentary on his pedophilic nature titled "The Secret Swami Satya Sai Baba", and also videos of him doing magic tricks with jewelry to his deranged cult following, which he claimed he had the power to create out of thin air. I only recently discovered this, and I don't know how these deranged lunatic cult freaks were able to rise to the top of the Chavismo movement, but the fact that they did explains everything that happened in the past year and after Chavez' passing.
Sostuvimos una histórica reunión con el presidente de los Estados Unidos, Donald Trump, con quien conversamos sobre el fortalecimiento de la relación bilateral entre nuestros países y el avance de una agenda de cooperación en áreas estratégicas como energía, minería, seguridad
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