utopianista

architect of a beautiful new future.

[Prof. Steve Keen @ProfSteveKeen]

250% of GDP.

That is what the Government Accountability Office says US government debt will reach in 30 years.

I simulated their model and the one detail they got wrong changes everything.

The GAO does not understand that a government deficit creates money.

It does not drain the private sector. It adds to it.

And when you model bonds being sold to banks rather than households, the debt ratio stabilises instead of spiralling.

The real problem is private debt, which they refuse to even discuss.

I break down the GAO's projections and rebuild them with correct banking mechanics.

So for a more comprehensive understanding, refer to the full video presentation In the comments.

#SteveKeen #GovernmentDebt #PrivateDebt #Economics #PostKeynesian

[utopianista @jwaldo9]

@ProfSteveKeen Ravel analysis should be used to inform all policy considerations.

[utopianista @jwaldo9]

@MMT101DotORG You can't say this too often. Thanks.

[utopianista @jwaldo9]

@Truthdig Duh.

[utopianista @jwaldo9]

@afshinrattansi @GUnderground_TV We miss him. So many of his beautiful epic important rants were thankfully captured. Thanks for this.

[utopianista @jwaldo9]

@micyoung75 @DeanBaker13 Move over trainspotters, bot spotters are the new thing.

[utopianista @jwaldo9]

@DeanBaker13 That's a plan at least. Almost everything else here is a complaint or gossip.

[Brian Berletic @BrianJBerletic]

🇺🇸/IRAN US Continues Striking Iran, Trump and "anti-war" Vance both Justify and Lie About Continued US Aggression...

▪️The US continues striking targets across Iran with Iran responding with far less effective drone strikes in a formula that - at the moment - favors the US picking apart Iran;

▪️US strikes are carried out supposedly in retaliation to Iranian interdiction operations in the Strait of Hormuz - however those ops are taking place  because the US-Israel continue their war on Hezbollah in violation of both the "ceasefire" and "MOU;"

▪️As I've pointed out, Hezbollah is part of Iran's regional defense capabilities and attacking Hezbollah is done SOLELY to isolate and eventually eliminate Iran itself;

▪️For all these people who imagine "Vance" or anyone else in the Trump administration, or Washington in general, are "different" or are "against" the wars - please keep these moments of overt dishonesty and warmongering in mind the next time they try to convince you otherwise;

[utopianista @jwaldo9]

@CheeseMacro @sdgrumbine Can't wait!

[WikiLeaks @wikileaks]

Prominent US war hawk John Bolton has pled guilty to violating the Espionage Act after previously demanding execution for whistleblowers Edward Snowden & Chelsea Manning and 176 years in prison for publisher Julian Assange.

As part of a plea agreement, Bolton admitted to unlawfully retaining sensitive national security information. He now faces up to 5 years in prison, up to 3 years of supervised release, a $2.25 million fine, forfeiture of his pension, and is due to be sentenced on 28 October.

[utopianista @jwaldo9]

@drhossamsamy65 Never forgive.

[Dr.Sam Youssef Ph.D.,Ph.D.,DPT. @drhossamsamy65]

⛔️ NEW SATELLITE FOOTAGE OF GAZA’S HOLOCAUST‼️

[utopianista @jwaldo9]

@DanMKervick Go dog. Let 'er rip.

[Yanis Varoufakis @yanisvaroufakis]

Alan Greenspan bade us farewell today. A man who was celebrated as the central bankers' central banker based on the conviction that markets are divine and volatility is a virtue.

His epitaph? A singular, glorious confession: “I found a flaw in my model of the world.” A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.

Then, in 2008, the beast devoured the table, and to his credit he blinked, admitting that his entire worldview—the one that central bankers canonized and the world swallowed—was a fairy tale for rentiers.

He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind, and returned to his well-earned silence.

So farewell, Maestro. You helped erect a broken global casino economy, but at least you had the decency to read the autopsy report aloud. Alas, countless millions are still paying for your asterisk. https://t.co/ftWXeIeAQr

[utopianista @jwaldo9]

@DeanBaker13 The problem isn't "everyone picking " it oligarchy making the choices.

[utopianista @jwaldo9]

@KarenLorre Don't worry. He's gay.

[utopianista @jwaldo9]

@DanMKervick @onion_cosmic Correct.

[utopianista @jwaldo9]

@afshinrattansi That would be the first positive things the Israeli's could do

[Antidepressant Content @depressionlesss]

They never told you gorilla's final message to humanity

[utopianista @jwaldo9]

@mhdksafa Well said.