Séamus Colm

[Séamus Colm @seamuscolm]

How does money, the most important and prominent institution in our society that dominates our daily lives, actually work?

Something like this:

[ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ @sdgrumbine]

Some basics.

The US Dollar is a tax credit.
It is a unit of measure.
You can't run out of inches
You can't run out of numbers
The government can't run out of dollars...
unless it purposely, politically chooses to.

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[Séamus Colm @seamuscolm]

@Kappa_Kappa "One should always be in love. That is the reason one should never marry."

[Séamus Colm @seamuscolm]

@Kappa_Kappa

[Séamus Colm @seamuscolm]

@Kappa_Kappa Interesting. How does one become "specific" in order to avoid fomo? 🤔

[Séamus Colm @seamuscolm]

@Kappa_Kappa Clarito

[Massimo @Rainmaker1973]

Ever heard traditional Gaelic Irish music sung by an a cappella group like this?

This is Ceann Dubh Dilis (My Sweet, Dark-Haired Love), arranged by Michael McGlynn and performed by Spokanki.

[Steve Hall @ProfHall1955]

Returning public investment to the foreground would be a restoration of our origins in economic history.

The first loans returning tightly regulated interest were made by the palaces and temples around 3000 BC, funding merchants on risky expeditions and farmers between harvests. This precipitated the first minting of 'money' with standardised weights and values for trade and credit. Bad debts placed debtors in 'debt slavery', but this was relieved regularly by universal debt cancellations, which became known as the 'jubilee', when individuals were freed and all seized property returned, which prevented elite monopolisation of labour and land.

The practice was perverted by the rise of private lenders around 2400 BC, when corrupt officials teamed up with wealthy merchants to indulge in deliberate irresponsible 'back door' lending with higher interest rates, threats of violence and seizure of property. With corruption and political lobbying, from around 1600 BC these early private usurers, finding ways of bypassing laws prohibiting excessive interest, established themselves as powerful landowning oligarchs and elite politicians.

Eventually, around the turn of the millennium, beginning with Rabbi Hillel of Judea and the oligarchs of Greece and Rome, the debt jubilee was abandoned altogether. The oligarchs accumulated ever more property and indebted ever more productive people until the Ancient world collapsed under the weight of unpayable debt, consumer decadence and the growing pointlessness of producing anything.

There's nothing natural, ethical, efficient or timeless about private lenders - loan sharks, banks, corporations, private equity, bondholders etc. - accumulating spare capital and demanding interest on loans. It was the product of centuries of violent acquisition and politico-legal machinations. Public investment would be a return to our more ethical origins enhanced by democratic political systems. Corruption? Of course - we would need to deal with it quite harshly.

[Séamus Colm @seamuscolm]

@Kappa_Kappa Oh. You're from the way Eastern Eastern time zone. ¡Feliz Pascua!

[Séamus Colm @seamuscolm]

@voiceoffcamera @KyleKulinski She's tacked to the center during this campaign and has come out against HSR. Not to mention the awful treatment of her staff. She's been effective in Congress but her gubernatorial campaign has been tumultuous and lacking.

[Séamus Colm @seamuscolm]

@KyleKulinski Hate to say it but a billionaire is the best candidate in the race right now, if his recent policy changes hold.

[Séamus Colm @seamuscolm]

@Kappa_Kappa

[Séamus Colm @seamuscolm]

@Kappa_Kappa Did you just snort?

[Séamus Colm @seamuscolm]

@Kappa_Kappa

[Séamus Colm @seamuscolm]

@kenklippenstein @BenStiller Blue Steel got nothin on Thizzface

[CorkCity1185 @1185City]

Road bowling in Cork in 1957 Bowls

[Séamus Colm @seamuscolm]

@culdecraic It's met its match. Doesn't have a chance with you 💪

[Séamus Colm @seamuscolm]

@Kappa_Kappa

[Séamus Colm @seamuscolm]

@Kappa_Kappa Is this thing on

[Séamus Colm @seamuscolm]

@Kappa_Kappa How'd we get so lucky. No seriously I don't know.

[Séamus Colm @seamuscolm]

@Shut_downAmazon Lá Fhéile Pádraig sona duit

[Séamus Colm @seamuscolm]

@iamtexture @tmorello https://t.co/RypMMqtc8c