@Black_Pilled@elonmusk@Coinvo Sir,
if the USA "didn't have blacks", it would have been really poor, as it wouldn't have had any slaves doing work for free.
Incorrect, @Grok mon ami.
IQ doesn't measure "intelligence" because the test is made by idiots who don't know how intelligence works, & limit it to a narrow class of mental operations, not because of "other factors".
It works for low levels because ANY test would work there.
@KenBromfield1 Sir,
the premise of your post is that Trump's leadership performance is not to be emulated.
You may well be right.
But what does that say about the Europeans who are rated by their voters well below Trump?
https://t.co/6wqhwMFyHC
@wu_wei_invest@NorthstarCharts Sir,
as observed, at these debt levels, it seems highly improbable the Fed will permit rates to rise à la the 1970s. YCC will prob be deployed.
But the "stress" in the system will be reflected somewhere.
Possibly (probably?) in the price of precious metals, just like the 1970s...
Conventional wisdom says that leaving the European Union has harmed the British economy.
Listen to almost any Brexit debate – over the airwaves or on the professional conference circuit – and it’s invariably taken for granted being outside the EU has done serious economic damage.
Now we're in June, and as the 23rd approaches – the ten-year anniversary of that hotly-contested, era-defining referendum – this message will be rammed home again and again.
But it simply isn’t true.
My latest "Economic Agenda" column in @Telegraph
🧵1/7
https://t.co/3x1C903R8n
Conventional wisdom says that leaving the European Union has harmed the British economy.
Listen to almost any Brexit debate – over the airwaves or on the professional conference circuit – and it’s invariably taken for granted being outside the EU has done serious economic damage.
Now we're in June, and as the 23rd approaches – the ten-year anniversary of that hotly-contested, era-defining referendum – this message will be rammed home again and again.
But it simply isn’t true.
My latest "Economic Agenda" column in @Telegraph
🧵1/7
https://t.co/3x1C903R8n
@izakaminska@ErikSTownsend Madame,
with respect, this is analysis with classic Occidental framing.
It is not China which needs rebalancing.
It is rather the West.
The West's post WWII game of buying goods with fake money has been subverted by China.
Plus ça change...
@LukeGromen
https://t.co/HFBRfMLxrb
Everyone wants to "Rebalance trade with China" and to "Avoid the next China shock"...
...but no one wants to make the currency moves that requires.
History is rhyming... a 🧵, post #1 of 4:
Good morning Liz.
You seem to be unaware of a few things. Let us help you out here.
⚫️ As an EU member, around 27% of types of goods were able to be imported into the UK from fellow WTO members without a tariff applied - from outside the EU that level is now over 50%
⚫️ Food inflation since Brexit has been *lower* in the UK than it has in the EU, so food is cheaper in the UK
⚫️ As for the NHS, the NHS budget has been increased by over £750 Million a week since we left the EU
⚫️ As for UK global trade, the UK has trade deals in place with over 100 countries around the world, many of which are on the same or better terms than the EU had or indeed has
⚫️ In 2016 the UK exported a total of £582.6 Billion worth of goods and services - in 2025 that had increased to £930.6 Billion
You continue to talk about a topic that you appear to know absolutely nothing about - or perhaps you do, and so you simply lie to your followers in the hopes that they are too blinkered to fact check you.
Perhaps you could confirm whether it is ignorance or deceit that drives your posts of continued misinformation.
@ZackPolanski "It's time for a real plan..."
Sir,
many would like to agree with you.
In practice, however, most are chortling into their cornflakes, as they've worked out you clearly have no plan yourself but, like the other clownish politicians, are merely declaiming, "Time for a plan!"
@R9000DS@g__j Sir,
humans do need more food, which ultimately means humans need more plants. CO2 is essential for plants.
It is not a distraction to say plants are important.
Does that mean the principle of greenhouse warming is wrong? No.
But the simplistic argument that CO2=bad is wrong.
@WaftyChizler@g__j "for most... plants humans eat—incl wheat, rice and soybeans—“having higher CO2 will help them directly,” ... Doubling CO2 from pre-industrial levels... boost[s]... productivity of crops like wheat by some 11.5 [%] and of those such as corn by around 8.4 [%]."
Scientific American
@AlanJenkins2@malcolm_reavell Sir,
I'd put it slightly differently.
Agreed: tax collection ultimately reduces inflation.
But where currency (or bond) issuance is spent productively, it's not inflationary, even absent tax collection.
Viz gov power to create money isn't carte blanche to spend indiscriminately.
@WaftyChizler@g__j Sir,
the Sahara desert is a hot place. It also has little water.
Yet it is in the Sahara desert (amongst other places) where plants are benefitting from extra CO2.
Does that mean the greenhouse gas principle is imaginary? No.
It means the simplistic analysis CO2=bad is wrong.
@malcolm_reavell@AlanJenkins2 Sir,
your terminology is still difficult to follow.
Whether by "fiat" or Au-backed, gov 1st issues currency. Then only can it spend that which is issued.
All currency is debt (ie a gov liability).
Fiat money merely means the gov liability is not backed by a specific asset (eg Au)
@MerrynSW Madame,
history shows that when gov's tax something you eventually get less of it.
Starting in 1997, the Labour gov dramatically raised taxes on pension fund dividend receipts.
30 years later, no Tate&Lyle on the stock exchange.
Cigarette smokers can attest to this tax effect.
@soclose2me@LukeGromen@LWinthorpe Sir,
I fear that you rather missed the point.
Per Kagan's article, "Checkmate in Iran", there's no zugzwang for the game is already over.
NB I advance no case/defence.
It is Kagan who argues Trump is checkmated.
Of course, Kagan himself is checkmated since he advocated the war.
@malcolm_reavell@AlanJenkins2 Sir,
the terminology in your explanation is difficult to follow.
In order for a gov to "spend" money (ie currency), the gov must 1st issue the currency; b/c one cannot "spend" that which doesn’t exist.