National debt shock for news presenter. Watch how @StephanieKelton goes off (his) script. He's told like the earth is round (yes, and because really, no ships, planes, people have ever fallen off his flat earth.) https://t.co/jVoaMY6dkY
When is the country, the whole world, going to wake up to the fact that this totally fictitious narrative, that taxes fund government spending, is a total lie. Money is a creature of law. Fiat currency is de jure, it is created when government decrees expenditure.
There is a magic money tree #uk#money#election2024#nationaldebt https://t.co/JK7OHtR1c6 Any politician who says there is no magic money tree is not telling the truth. There is. It’s called the Bank of England, and they can tap it for cash whenever they want - so long as they keep inflation in mind.
I'm not talking much about the general election tax debate. Because it's irrelevant. The few £bn being discussed is dwarfed by the actual tax UK tax increases over the last few years, and the further tax increases we'll almost certainly see in the future.
Grumpy thread:
1. The Bank of England sets the interest rate, not the markets
2. All govt spending is unfunded. HMGov is a currency issuer not a currency user.
3. A govt deficit is a non-gov surplus. Treating govt finances like a household is the worst thing Labour can do. It will kill people
An ‘urgent rally’ is being held tomorrow outside Hackney Town Hall ‘demanding’ for MP Diane Abbott to stand as the Labour candidate for Hackney North and Stoke Newington.
Has @SuellaBraverman read the news? A few days ago you said to my face there was no evidence of a genocide. The ICC have just accused Israel of:
- CRIMES AGAINST HUMANITY
- STARVATION
- WILFUL MURDER
You and your friends in government ARE war criminals. Those are the facts!
'Black music arriving after WW2 is a lie'
The first major exhibition documenting 500 years of Black music in Britain opens at the British Library and aims to challenge the timeline on when the Black presence in British music history began.
@AyshahTull spoke to pioneers of Black British music including Nia Archives.
@LBC@mrjamesob If this had come from an employee, they would have been fired by now.
The BoD should take action along with a statement from the government, no excuses for such abhorrent and racist comments.
Outrageous
The most disrespected person is the Black woman. The most unprotected person is the Black woman. The most neglected person is the Black woman. The trauma and fear we feel as Black women is real. Still we rise
The police must act
@HackneyAbbott
https://t.co/1eioIdcGwQ
“You see Diane Abbott on the TV, and you just want to hate all black women because she’s there, and I don’t hate all black women at all, but I think she should be shot.”
Frank Hester, Tory Party's biggest donor, whose company got over £400m govt contracts
https://t.co/USbXils6h1