The Amazing Human Ladle

Stir it up.

[The Amazing Human Ladle @TheHumanSpoon]

@NoahRem @cboyack Believe me when I say that your fee-fees driven arguments bring a tear to my eye.

But you didn't really address my points.

Ownership.
Non-ownership.
Gutter, starving in.

[Don Winslow @donwinslow]

Just a fucking imbecile.

[The Amazing Human Ladle @TheHumanSpoon]

@NoahRem @cboyack Nobody appreciates a load of sanctimony more than me.

But you are not describing the capitalist system, which is predicated on a pool of non-owners, needing to create value for the owners lest they starve in the gutter.

[The Amazing Human Ladle @TheHumanSpoon]

@DanielPriestley Capitalists also own the resources.

Resources are not mere concepts one can "set up".

Capitalism is predicated on there being non-owners who need to work for owners, lest they starve in the gutter.

[The Amazing Human Ladle @TheHumanSpoon]

@boomhotdog2 Luxembourg is a giant among small countries, though.
Also, poor old Malta can't help being small.

[The Amazing Human Ladle @TheHumanSpoon]

@NoahRem @cboyack In capitalism, the owners own the resources.

That is why the non-owners need to work for them.

Of course, one could drop capitalism, as you seem to suggest.

[The Amazing Human Ladle @TheHumanSpoon]

@Playbay49353214 @AbolitionRising Even if true, that does not imply deities exist.

[The Amazing Human Ladle @TheHumanSpoon]

@Mr_TOlson @AbolitionRising It's all you got when claims of existence of deities are not convincing.

[The Amazing Human Ladle @TheHumanSpoon]

@JoshuaBarzon Disclaimer:
Not valid for use in Olympic Games.

[Marcus d’Osint 🎒🕊️ @WarFrontIntel]

The onion never misses. 😂

[The Amazing Human Ladle @TheHumanSpoon]

@ziminiarbeleth @NotEvolution1 Oh, ok.

Well, sounds cool.
Do they eat babies?

[The Amazing Human Ladle @TheHumanSpoon]

@HenricCont @GlassJet @TweetForTheMany @litewhisperer @PhilArmstrong58 @neocentrist That does not answer how commercial bank credit could add to reserves.

Deposits created at the commercial bank, with commercial bank credit, changes nothing at the commercial bank's deposits at the CB.

[Ginger @Ginger68237919]

🤗

[The Amazing Human Ladle @TheHumanSpoon]

@GlassJet @TweetForTheMany @litewhisperer @PhilArmstrong58 @neocentrist @HenricCont How does commercial bank credit add to the reserves that are used to swap for securities?

[Steve Hall @ProfHall1955]

The bond market is 'the will of the people' and represents 'reality'.🤦How do we tear down this brainless belief system?

[Lloyd Legalist @LloydLegalist]

I'm sure you're all wondering why I've gathered you here today.

[The Amazing Human Ladle @TheHumanSpoon]

@southern_cone @KenGardner11 @EWErickson We needed to kill them to save them!

[The Amazing Human Ladle @TheHumanSpoon]

@roberthorrocks @barua_82 Incorrect.

Tax liabilities are settled by debiting reserve balances.

And commercial bank credit does not add to reserve balances.

[Robert Pearson @robert19pearson]

@wbmosler @wgoggin In the UK it is widely reported that hedge funds are large leveraged buyers of Gilts, that use bank deposits created for them by commercial banks for that purpose. Not only do these sales have no effect on aggregate demand and spending, they have little net effect on broad money