After a huge amount of multidisciplinary reading, I'm about to embark on my 12th book. It's an attempt to tie together economic history, anthropology, politics, sociology and neuropsychology to explain the development of 'money-power' from the Bronze Age, the control of the issue of money as credit. @winlow_s and I want to follow the trail of Hudson and Graeber but dig deeper into the 'emotional credibility' that fuelled and justified the development of systems of transferable credit - systems which over time abstracted and monetised a diversity of real values and functions. A principled outcome of the social battle over the issue of money as credit for specific down-to-earth purposes is essential to our survival. Dead easy, eh? For the first time, I'm not sure we can complete the task we've given ourselves - and as first author it's really daunting for me - but we'll try. Wish us luck!
@ProfHall1955 Loved David stuff, l’ve got Debt, Bullshit Jobs and The Utopia of rules l miss that dude so look forward to reading this when it comes out.
Why Big Capital hated Keynes almost as much as they hated the organised working class and the commies. He had seen through the illusion of bond market power, which had evolved from C12 Venice to be rolled out worldwide, making all nations vulnerable under the cosh of the US$'s 'exorbitant privilege' as reserve currency. History's greatest and most enduring financial scam.
"[In 1914] When the public refused to buy the bonds, the Bank of England simply created the money. The elaborate cover-up was not to secure funding, but to maintain the illusion that the government depended on private lenders.... One of the few officials who knew the truth at the time was a young Treasury official named John Maynard Keynes. Then 31 years old, Keynes was one of a handful of people who knew the full extent of the deception. Bank of England research describes the operation as a “masterful manipulation” of the Bank’s balance sheet, a fact known to Keynes."
https://t.co/ANsaU3LaRZ
@ProfHall1955@prophoverprofit Yeah l can totally see that further up the food chain but your average dude shifting a bit of gear it’s basically a cottage industry in Kingstanding in Birmingham where l grew up and marginalized people just existing on the margins of society without it they’d be fucked.
@ProfHall1955@prophoverprofit Genuine question but are drug markets ie the price of such things as coke, ecstasy, weed etc the only real free market economy things? I often wonder this as there’s literally no regulations other than if the stuff is shit people don’t go back and buy it?
Corbyn's spokesperson said: "Keir Starmer ends as he started: with lies.
"Corbyn turned Labour into the largest party in Europe, built and funded by half a million people who believed in social justice and peace.
"Starmer swapped political principles for corporate donors - and leaves behind a legacy of broken pledges, grotesque inequality and complicity in genocide. If that isn’t moral bankruptcy, then what is?"
@tedtweets6@jordanbhx Yes mate test and verify. He’s an example in PerryBarr they knocked down the flyover what were the CO2 emissions then and now? It always seems gridlocked now but if someone can show me that we’re breathing in less now the fine lm cool with it but lm not sure that’s the case tbh.
@owenjonesjourno@redrumlisa Lisa flys straight and true Owen, if something isn’t what it says it is you shouldn’t get your knickers in a twist when Lisa points it out.
💸 Instead of taking the £181,000 salary package the current General Secretary receives, I will take the wage of a social worker.
💜 I will make sure the rest of the money goes to the Industrial Action Fund and There For You.
📈 My pay will go up when yours goes up!
@Andrea4GS @chelleryn99 Wow someone in a position of power that lives their values and isn’t full of shit, that’s as rare as rocking horse shit these days. Fair play
@ProfHall1955@james_stampfer Fair do’s it’s probably a bit like when Chomsky told Marr: “I’m sure you believe everything you’re saying. But if you believed something different, you wouldn’t be sitting where you’re sitting. Controlled opposition to prevent any real alternatives ideas.
@ProfHall1955@james_stampfer And this bloke Gary’s endorsing was one of the people that killed off these ideas so he’s either clueless or a bad faith actor? That’s a shame he seemed genuine.
@james_stampfer@ProfHall1955 Is he a bad faith actor though? If he’s saying We can only spend what we collect in taxes and he’s an expert then is he full of shit or is he trying to be pragmatic and to work within the accepted Overton window?
@ProfHall1955@james_stampfer So Instead of giving money to banks, the Bank of England would fund public projects—like housing, transport and Corbyn wanted a National Investment Bank: A public bank would lend to communities
• No need to pay banks interest just for holding reserves or bonds?
@NicolaKirton9@chunkymark His name is David Paulden. His name is David Paulden. His name is David Paulden. You don’t get a name in project mayhem you lose it.