Keith V

Author of A New Monetary System: A Blueprint for Freeing a Nation from Debt Tyranny

[Keith V @Keith_ANMS]

I wrote about how America is dependent upon debt because of the structure of our monetary system, and a way out of debt dependence. Check it out! https://t.co/s78eRejckO #america

[Keith V @Keith_ANMS]

MMTers put so much emphasis on who are the currency issuers and who are not the currency issuers. Yet never acknowledge that the private commercial brands create currency through fractional reserve banking. In doing so, it would disrupt their worldview that those at the Fed have authoritarian control over the economy. As MMTers believe you can raise taxes during times of inflation, to ease inflation. However if the commercial banks still create currency through fractional reserve banking, which they would, it would cause higher inflation. This throws a wrench in the MMTers fantasy of complete authoritarian control of the economy. And instead of acknolwedging the commercial banks role as a currency issuers, they just pretend it doesn’t exist. MMTers description of the monetary system is false.

[Keith V @Keith_ANMS]

And these governments and their bankers get to spend this newly created currency, and their citizens are shackled with the debt that it caused.

[Michael Maloney @mike_maloney]

Fiat is failure.

[Keith V @Keith_ANMS]

From 1870-1900 inflation on an annual basis averaged 0.1% a year, with some of those years actually having deflation. And on average GDP was over 4.6% a year during that time. In comparison, between the year 2000 and today GDP has averaged 2.8% a year, with most of that growth coming from government spending not production from the economy, and the currency supply has increased multiple times over during that time. Your central banking and big government approach to growing the economy doesn’t work.

[Keith V @Keith_ANMS]

Pop goes the bubble!

[The Macro Paper @macropaperr]

🚨 BIGGEST SINGLE-DAY WIPEOUT IN US STOCK MARKET HISTORY

$2.8 Trillion has been wiped out from the US stock market today so far, the largest one in history.

Previously, the largest single-day wipeout was of $2.69 Trillion during the Covid crash.

[Keith V @Keith_ANMS]

@ReOpenChris 👏👏👏

[Keith V @Keith_ANMS]

If you think income inequality is a problem in America now just wait until America gets serious about paying off its debts. Our debt payments will be centralized to major corporations and governments around the world. Our ability then to pay for the necessities of life, including our future debt payments, becomes dependent upon these institutions and people spending their money in our areas of work so that we can possess some of it to survive. So, if a central banker doesn’t need their car fixed in rural Minnesota then that car mechanic won’t be able to eat or survive. Hundreds of millions of Americans won’t all be able to possess the money needed by the time they need it to pay for food, housing, etc., including future debt payments. This will lead to an economic catastrophe and exposes that America’s economy is debt based. We need a new monetary where the U.S. economy can possess money without getting into debt.

[Keith V @Keith_ANMS]

@PBDsPodcast The Federal Government spends nearly $7 trillion a year, and he thinks the government doesn’t have enough money? That’s the extreme idea.

[Keith V @Keith_ANMS]

After 100% of FDR’s policies were implemented including taking America off of the gold standard, unemployment in 1939 was still 17.6%! And the Depression continued into the 1940s during WW2. Corporations loved that FDR got off of the gold standard because they could create money and debt from nothing, pocket the money, and shackle you with the debt! But some how that is good for the economy right? That’s what the tv tells you?

[Keith V @Keith_ANMS]

@Nbtoma @fagg0y Mussolini agrees! FDR got America off of the gold standard in 1933, and Mussolini got Italy off of the gold standard in 1934.

[Keith V @Keith_ANMS]

The economy is so sluggish that if the government balances its budget it will result in negative GDP growth (since government spending is a part of the GDP calculation). Two quarters in a row of negative GDP growth and that is considered a recession. And a recession will lead to politicians getting voted out. So instead, they decide to run huge deficits, let them and their friends pocket the money. GDP growth is then not negative and they tell the world everything is great in the economy when we all know it’s not.

Now balancing a budget would keep more money in American’s pockets so they can spend more, thus increasing other parts of the GDP calculation to grow GDP without running deficits. But they haven’t thought of that idea yet, or they have and they just hate and refuse to see the country succeed.

[Tim Allen @ofctimallen]

Balanced budget is so scary to all politicians they all just ignore it. Grow a spine do your job.

[Keith V @Keith_ANMS]

@TyKeynes Pharmaceutical companies are awarded patents which are government enforced monopolies who then in turn can charge astronomical prices because the government outlawed competition. The problem you’re complaining about is caused by government intervention.

[Keith V @Keith_ANMS]

The idea that World War 2 got the United States out of the Depression is non sense.

Private sector spending, during the Great Depression, on average, was higher than private sector spending during World War 2.

Private sector spending during the Great Depression was higher 9 out of the 11 years of the sole Great Depression years (1930 to 1940) than the sole WW2 years (1942 to 1945).

Private sector spending as a percentage of total GDP was higher each year during the Great Depression than private sector spending as a percentage of GDP during each year of the WW2 years.

In short, if your family could only afford 3 loaves of bread a month during the Great Depression, your family was purchasing less than that during WW2.

Here are some of the goods and services rationed during WW2:

new vehicles, refrigerators, vacuum cleaners, washing machines, bicycles, aluminum, copper, rubber, steel, typewriters, civilian travel, electricity, heating, shoes, tires, gasoline, coal, nylon, silk, sugar, meat, butter, cheese, cooking oils and fats, canned and processed foods, and coffee.

You couldn’t take a plane ride to travel for vacation and you couldn’t order coffee, instead you had to stay at your home with no electricity. Does that sound like one of economic prosperity?

The claim that WW2 got the United States out of the Great Depression is a top down authoritarian view and approach to growing the economy. Where the central bank creates currency and funnels the newly created money to their interests, war material producers in this case, and because it makes GDP go up they tell the country the whole economy is doing great.

Their approach is “Quit complaining about not being able to buy food or have electricity, GDP is growing!”

Instead of having a top down authoritarian approach to growing the economy we need to have a bottom up approach, where specifically the U.S. economy is allowed to possess money without getting into debt, which is currently not the case.

[Keith V @Keith_ANMS]

Major medical companies are going to love Medicare for all! They can charge whatever price they want and the government is forced by law to pay it! What is the government going to do if a medical provider charges $1000 to treat a runny nose, not pay it? Then it wouldn’t be Medicare for all then! Major medical companies have gotten so rich from the government intervening and controlling the medical industry already. The cost of medical care has increased and parallels the increase of money the government sets aside to pay for medical bills since the 1960s. Doctors and hospitals charge more for medical treatment, then the government sets more money aside for medical bills, then the doctors and hospitals charge even more money for the same quality medical care. The government and the medical industry has stabbed the people in the back and then team up together to overcharge you to fix it. A socialists mind is simplistic thinking “just give the government more money and power and everything gets better!” Where as the U.S. federal government spends more money on medical bills than any other country in the world! More money than any socialist country in Europe, more money than China which has 4 times the people than we do. More money than India which has 4 times the people we do. And that’s why the cost of healthcare in America is so expensive! It’s not expensive because the American medical industry is so free and unregulated. It’s so expensive because the government restricts competition and innovation with its government laws and controls. Medicare for all doesn’t make medical coverage cheaper, it says “no matter the cost the government is going to pay for it.” This is going to lead medical companies to charge whatever they want for their services and the American taxpayer will have to pay more and more money in taxes to cover for it. That’s why I’m against it.

[Keith V @Keith_ANMS]

They don’t just create fiat currency but they create debt from nothing also. Every dollar in existence is loaned out. The major power centers in the country, the government and the financial institutions, receive and benefit from the newly created currency. And the country is shackled with the debt obligations.

[Keith V @Keith_ANMS]

@DarrigoMelanie We have a central banking system. According to Karl Marx And Lenin central banking is communism.

[Keith V @Keith_ANMS]

The reason why the financial markets are always obsessed with interest rates is because the economy can not possess money without getting into debt. We can not possess money to buy food, shelter, and pursue the luxuries of life without getting into debt first. Therefore, the cost of debt, interest rates, are of highest concern. Where as, if we implemented a new monetary system the country would be able to possess money without getting into debt causing an economic boom. Then the obsession over interest rates will lessen.

[Keith V @Keith_ANMS]

The easiest way to end the trade deficit in the United States is by redefining the U.S. dollar to a weight of gold so the gold parity makes 1 ounce of gold purchase approximately $40,000 as outlined in a New Monetary System. This will activate everyone’s gold in the entire world into money. And money that can only be purchased in the United States, since America will be the only country in the world that accepts gold as payment. This will influx the United States with purchases from foreigners from around the world. Leading to higher net exports, causing higher GDP, leading to even more investment and creating a more thriving economy than we have ever had before.

[Keith V @Keith_ANMS]

If you think the government is sold out to corporations now just wait until CBDCs become law. The government will be able to program payments, approve or deny your transaction, on their CBDC platform. So the companies that buy out Congress will get special treatment. If you try to make a transaction at one of the competitors of the companies congress is bought out by, then the CBDC can deny you that transaction and put pressure on you to buy from the preferred company. Increasing their sales, increasing their profits, and increasing their control over that industry. Big business loves an authoritarian government.

[Ken Mack | EBITDA @kenmackshow]

Central Bank final boss just said the quiet part out loud 😳

THE END GAME 💀