Nicholas Patrick

Musician, MMT enthusiast, Arsenal fanatic

[Alex (Sasha) Krainer @NakedHedgie]

Reiner Fuellmich is still illegally imprisoned in Germany for speaking the truth about the great hoax of 2020.

[Steven Hail @StevenHailAus]

I think there is more ignorance of monetary system mechanics among UK journos than even among Aussies which is saying something. If Bank of England losses worry you, you have no idea what you are writing about.

[Clint Ballinger @clintballinger]

Definitive.

Lending creates deposits out of “thin air.”

“Selgin…has confirmed that the Endogenous Money view is correct. But he didn’t see this because, like almost all Neoclassical economists, he doesn’t use double-entry bookkeeping”
https://t.co/7QteEEg5pC #econtwitter

[Patricia @PatriciaNPino]

To add insult to injury, the profits the banks make in lending this money is counted as part of GDP. So your financial pain is actually "good for the economy".

[Patricia @PatriciaNPino]

1) Government spending & bond issuance creates its own buyers.
2) We do not need to sell bonds in the first place.

[Patricia @PatriciaNPino]

This paper provides an institutional analysis of the UK exchequer which shows:

- That the UK government creates money every-time parliament approves spending.

- That bonds issuance and taxation are not funding operations.

Policy making needs to start by understanding this.

[IsDown.app - Is it down for everyone? @isdownapp]

🚨 Users are reporting problems with Duolingo. Is Duolingo down for you? RT if you are having issues. https://t.co/vEQPreVxrk #duolingodown

[Douglas Macgregor @DougAMacgregor]

In the last 72 hours, Israel launched a preemptive strike against Iran when negotiations between Washington and Tehran were still ongoing.

Iran was caught off-guard. But Iran recovered more quickly from its Pearl Harbor moment than Israel expected.

In less than 18 hours after Israel’s surprise attack, Iran responded firing hundreds of ballistic missiles including hypersonic missiles into central Tel Aviv and across Israel.

Meanwhile, Israel's Iron Dome failed. Israeli intelligence failed. Now Netanyahu is pleading with Washington to intervene with American Military Power to rescue Israel from certain defeat; a defeat Netanyahu crafted with encouragement from Washington.

At the same time, Russia, China, Pakistan and most of the Muslim World are rallying to Iran’s defense.

Supplies, equipment and technical assistance are pouring into Iran.  

It’s time for a reality check:

Washington burned through $12 trillion in the Middle East since 2003. Result? 7,000 dead Americans. 50,000 wounded, open borders and 100,000 Americans dying yearly from Fentanyl poisoning.

Today, the United States is $37 trillion in debt, a sum that does not include so-called “agency debt.”   77 million Americans voted for President Trump because he promised to end the overseas conflicts and halt the march to WW3.

Trump’s mandate is unchanged: Secure America’s borders, ports and coastal waters. Deport illegal aliens, crush the criminals r-ping and murdering Americans. Restore the rule of law. But not one more drop of American blood for foreign wars.  

One Israeli strike on Kharg Island—where 90% of Iran's oil exports flow—or Bandar Abbas terminals, and Iran closes the Strait of Hormuz. That's 20% of global oil supply.

That means disrupted supply chains and runaway inflation. Gas hits $7/gallon overnight. Every working family crushed. Truckers can't deliver food. Economy crashes. For what? So Israel that started this insane war can drag Americans into a wider regional conflict with the potential for nuclear war?  

We have 40,000 troops in UAE, Qatar, across the Persian Gulf. They are sitting ducks. Iranian Shahed-136 Drones cost $20,000 each. American Patriot Missiles cost $4 million per interceptor.

Do the math. We will run through our inventory of missiles and go broke while Americans come home in boxes.  

The Middle East is on the brink. Here's what Washington must do to defuse conflict:  

1. Ask for an Emergency UN Security Council meeting. Ask for an Immediate ceasefire making it clear that Washington opposes the destruction of Iran, Israel and any other state in the Middle East.  

2. Demand that Israel stop the killing of Palestinians in Gaza and withdraw its forces from Gaza and the West Bank.

3. Suspend all military aid to Israel until Israel agrees to remove its troops from Gaza and permit humanitarian assistance to reach the people of Gaza.

4. Propose the commitment of Armed Forces from non-aligned nations to police Gaza and the West Bank. 5. Propose that the United States, Russia, China, India and Brazil convene a peace conference to arbitrate the dispute between Israel, Iran and Israel’s neighbors.  

I led American Soldiers under fire into action. I've seen plenty of flag-draped coffins. I don’t want to see any more. Washington’s warmongers had 22 years. They failed. They lied.

They profited while America bled. Time's up.  

America First means AMERICA FIRST. Not Israel first. Not Ukraine first. Not NATO first. AMERICA FIRST.

[Cillian @CilComLFC]

We are constantly told that Russia is the “Enemy”, but Russian soldiers are currently protecting thousands of Syrian Christians who are fleeing from attacks by the new Jihadist Regime.

This is footage from Khmeimim Air Base in the city of Latakia tonight.

Thank you, Russia! 🇷🇺

[MMT Podcast (Christian Reilly) @MMTpodcast]

This “concern” is built on a lie. The UK government can make any and all payments due in its own currency on time and in full, and cannot involuntarily default.

[Tucker Carlson @TuckerCarlson]

As predictable as this is, it’s still infuriating to see it. For decades, Bashar al-Assad protected minority religious communities in Syria, including the country’s large Christian population. No one in the United States was allowed to notice this, and anyone who did was immediately denounced by neocons as a dangerous extremist. Bari Weiss declared Tulsi Gabbard “monstrous” and an “Assad toady” for noticing. But it was true. Assad protected the Christians. The weaker Assad was, the more Christians died. During the years that neocons in the west backed the war against Assad, the percentage of Christians in Syria went from ten percent to two percent. Now that Assad has been driven from power, many of the remaining Syrian Christians are being slaughtered and their holy places desecrated. Bari Weiss and John Bolton haven’t said a word about it. But no one who’s paying attention can be surprised it’s happening. Neocon projects in the Middle East invariably destroy ancient Christian communities, from Iraq to Gaza and in many places in between. Can this be an accident? You wonder.

[Prue Plumridge [email protected] @prueplum]

provide help to those who need to rebuild their lives after the devastation caused by Storm Bert.
They don't need charity, they need gvt to do what only it can do in such emergencies to help citizens. Provide the funding.

https://t.co/JHablre76g

[Prue Plumridge [email protected] @prueplum]

Chris Bryant thinks he needs to set up a GoFundMe page to help those in Wales affected by the flooding. Next he'll be telling you the gvt is cash strapped. Dont let him get away with this nonsense. Gvt has the monetary powers to provide funding to support the clear up and.../

[Warren B. Mosler @wbmosler]

Public sector employment adds aggregate demand that has been reduced by tax liabilities.

[Zack Polanski @ZackPolanski]

Rachel Reeves centres reducing the deficit as part of her plans.

Let's be really clear about this.

1) That's literally austerity. Welcome back Cameron and Osborne.

2) A so called "surplus" budget would just mean that there is less money being spent in our economy.

[Carlos García Hrndz @Carlos_G_H_]

Chris Williamson is an extremely important figure in. He’s the only politician in the UK that understands that taxes don’t fund public spending. He deserves all the support of the British working class and voters in general. He also wrote an excellent book https://t.co/8n0YHFFIG6

[Patricia @PatriciaNPino]

The Left has no reason to fear financial markets. The Bank of England rules those markets. And provided it has enough parliamentary support, a left wing government can ensure the BOE does what it needs to do to keep them at bay. BOE Independence is an illusion.

[Stephanie Kelton @StephanieKelton]

I’m probably biased, but I think it’s a great movie. From independent filmmaker Maren Poitras.

[Megatron @Megatron_ron]

Robert Kennedy Jr:

"In March of 2022 the Russians signed a peace deal and Zelinski initialed it. The Russians then started withdrawing their troops.

Joe Biden then sent Boris Johnson to Kiev to blow up the agreement… since then over 1 million Russians and Ukrainians (mainly Ukrainians)have lost their lives"

@Resist_05