@UncleJo46902375@mwendling@CommunityNotes He just tweets now without the foggiest idea of what he's wading into. The irony of it all too. From a South African *immigrant*.
@ibeentoleeds@ClintVSmith Controlling discourse? Quite the opposite. Nowhere more than Twitter under Musks reign shows the need for people to have access to something factual not something "information" put forward as fact when it'd not. Objective reality *is* a thing
@ClintVSmith David misses the bigger point. Why are so few right leaners interesting in countering misinformation? Also ones political view doesn't change an objective truth, only seemingly ones willingness to accept ones they don't like.
@MusicalChairs14@StevenHailAus @Davejones0305 If the loans increased more than the deposits, surely that can only mean the gap money has left the country?
@LogTech1999 Great threat. Thanks. Can you recommend a starting point for learning logistics / supply chain , more people need to have awareness of this area.
@StevenHailAus@MusicalChairs14 @Davejones0305 Thanks. That's clearer. Also bank lending. Bank X does a loan: "loans create deposits". Said loan is a similtaneous asset and liability to different parties hence A-L= E0 right? There isn't a private sector loan money multiplier at all.
@Davejones0305 @MusicalChairs14@StevenHailAus Bonds...Bonds are not increasing private sector equity. Since it's a swap for dollars for a Bonds. Ignoring the interest payments for a moment.
@Davejones0305 @MusicalChairs14@StevenHailAus Separate Gov spending. From Gov Selling Bonds.
Gov creates $100 and deposits that in your account. That's an Asset for YOU. It's not a liability for the government since you can't redeem anything from the government (but you can pay your tax). So private equity increases...
@MusicalChairs14 @Davejones0305 Government bonds are simply are State support for the private financial sector whatever way I look at it. Financial sector *needs* them, the State doesn't.
@MusicalChairs14 @Davejones0305 100%. The bond buying really changes nothing. Also in general the Monetarists have warped the minds of many to obsess over "the money supply". The real issue is never the money supply (at least not for Fiat currency issuers), but what are we actually trying to do.
@MrHilariouskiwi@witton_liz With the stakes and given how NZ is Atlas networks little test bed for stuff you can be sure they will have the means to buy enough "legit" submissions.
@TAMMYSZN@MusicalChairs14 When the person posting that had a pinned tweet comparing FDRs New Deal with Fascism you know you're on to winner..๐คฆโโ๏ธ