All of the major players in economic policy already know this. However, they often feign ignorance to keep their political class employees and the general public in the dark to keep people from thinking that another world is possible. And maybe universal healthcare, Social Security and an entire country rapidly deteriorating from neglect and homelessness has nothing to do with, "We can't afford it." Your owners want you poor.
The key issue is that the Felon wants to have the funds in the executive branch so he doesn't have to go to Congress for appropriations. Also "sovereign" usually refers to a monarchy which is why the US hasn't done anything like this.
If Cumulative Historical Financial Contribution is shown as a positive number (which I agree it should be), then why is the annual Total Net Financial Contributions not also shown as positive? Moreover, I would not even show the Net Financial Contribution less interest paid in the subtotal segment.
Earlier, the austerity and budget cuts were planned by bipartisan committees (like gang of 6) and think tanks (like Peterson institute). Now this will be done by algorithms and AI of tech bros and operated by teenagers. All will be done in name of efficiency.
Debt reduction is a smokescreen for the so-called Butterfly Revolution, which needs a pretext for the political takeover of governmental functions by the emerging Tech Monarchy. I know, it sounds crazy but so far Musk is reading straight from the Yarbin playback. We need to educate and mobilize massively, or say goodbye to the USA.
Im still confused what this "national wealth fund" is going to go to? More Trump shit coins? More money into the Trump Dynasty and Silicon Valley? We already see the Trump administration and Elon gutting the State. They don't want to fix our lack of welfare state. It's not like this administration is doing something like Norway which has a pension for its people. I just don't get it.
In France there used to be an asylum called "La Maison blanche" (The White House"). Perhaps it would be time to rename the one in Washington DC in such a way, the Asylum. For decades the US government was at least taking care of the population and infrastructures to a point on one the hand while smashing other countries elected foreing governments, pillaging others' resources, etc. on the other hand. Ordinary people coutdn't careless because they were kept satisfied at home Now that the people will get nothing from their government they might start to wonder what's the use of it and either claim their participation in it or ask for its dismantling altogether which is what the scrooges in the Asylum hope for. They can joyfully claim "In God we trust" which in reality means "Every man for himself".
If Trump was going to do this it would have been during his 1st 4 years when he wasn't as interested in picking winners and losers. Now he's more interested in picking winners and losers and finds the deficit a convenient pretext for that.
Questions of gold re-valaution and terminology aside, one risk is that when T**** and Burgum sell the national parks to seed the SWF, they will be putting the parklands into the hands of a lucky few who will develop them into private fiefdoms for mega-MAGA or exploit them for oil & gas that the US does not need and whose return will be guaranteed by tariffs (eg, against Canadian oil) and by repression of renewables (which are already more competitive than FFs in much of the US).
I'd rather see the federal gov't buy out the bloodsucking private landlord class and provide housing to Americans at a sensible rental rate (the federal gov't doesn't need to make money off housing, after all) rather than get involved with buying companies like Tik-Tok. But if it makes sense to buy Tik-Tok on grounds of national security, then why do we need a sovereign wealth fund to do it? Just buy the sucker and be done with it already! If it's a good business deal, the investment will eventually pay for itself. And if it's not, at least we made the country a little safer.
Well Trump 2.0 is putting on a masterclass on Austerity and not understanding monetary operations. This will be a total clown show with the fingerprints of Elon Musk all over it too. Just have to keep hammering home the message that once again, the US government is the issuer of dollars and cannot go broke no matter what the media and the Trump administration says.
The solution to MMT's difficulties in getting people to perceive that the national debt isn't actually debt is to strategically integrate the new monetary paradigm of Gifting into the DEBT ONLY system.
Paradigm changes are new APPLIED ideas and permanent mental and temporal universe enlightenment phenomena. Theories are merely true or untrue ideas.
Brilliant. By hook or by crook(s)!
Thoroughly enjoy reading your perspective on economics. I wish there could be a broader consensus on MMT to ease the fear factor from the politicians!
All of the major players in economic policy already know this. However, they often feign ignorance to keep their political class employees and the general public in the dark to keep people from thinking that another world is possible. And maybe universal healthcare, Social Security and an entire country rapidly deteriorating from neglect and homelessness has nothing to do with, "We can't afford it." Your owners want you poor.
The key issue is that the Felon wants to have the funds in the executive branch so he doesn't have to go to Congress for appropriations. Also "sovereign" usually refers to a monarchy which is why the US hasn't done anything like this.
If Cumulative Historical Financial Contribution is shown as a positive number (which I agree it should be), then why is the annual Total Net Financial Contributions not also shown as positive? Moreover, I would not even show the Net Financial Contribution less interest paid in the subtotal segment.
Who's gonna tell him?
https://www.washingtontimes.com/news/2025/feb/7/donald-trump-calls-balanced-budget-proposing-tax-c/
Earlier, the austerity and budget cuts were planned by bipartisan committees (like gang of 6) and think tanks (like Peterson institute). Now this will be done by algorithms and AI of tech bros and operated by teenagers. All will be done in name of efficiency.
This is brilliant, logical, and simple to do... it is therefore certain that it will never happen. 🙄
Debt reduction is a smokescreen for the so-called Butterfly Revolution, which needs a pretext for the political takeover of governmental functions by the emerging Tech Monarchy. I know, it sounds crazy but so far Musk is reading straight from the Yarbin playback. We need to educate and mobilize massively, or say goodbye to the USA.
Im still confused what this "national wealth fund" is going to go to? More Trump shit coins? More money into the Trump Dynasty and Silicon Valley? We already see the Trump administration and Elon gutting the State. They don't want to fix our lack of welfare state. It's not like this administration is doing something like Norway which has a pension for its people. I just don't get it.
It's all about the grift... certainly some crypto involved to further obfuscate the trails of assets to the rich.
In France there used to be an asylum called "La Maison blanche" (The White House"). Perhaps it would be time to rename the one in Washington DC in such a way, the Asylum. For decades the US government was at least taking care of the population and infrastructures to a point on one the hand while smashing other countries elected foreing governments, pillaging others' resources, etc. on the other hand. Ordinary people coutdn't careless because they were kept satisfied at home Now that the people will get nothing from their government they might start to wonder what's the use of it and either claim their participation in it or ask for its dismantling altogether which is what the scrooges in the Asylum hope for. They can joyfully claim "In God we trust" which in reality means "Every man for himself".
the BIG lie renewed
If Trump was going to do this it would have been during his 1st 4 years when he wasn't as interested in picking winners and losers. Now he's more interested in picking winners and losers and finds the deficit a convenient pretext for that.
Same reason Dems won't do what you're suggesting.
Questions of gold re-valaution and terminology aside, one risk is that when T**** and Burgum sell the national parks to seed the SWF, they will be putting the parklands into the hands of a lucky few who will develop them into private fiefdoms for mega-MAGA or exploit them for oil & gas that the US does not need and whose return will be guaranteed by tariffs (eg, against Canadian oil) and by repression of renewables (which are already more competitive than FFs in much of the US).
I'd rather see the federal gov't buy out the bloodsucking private landlord class and provide housing to Americans at a sensible rental rate (the federal gov't doesn't need to make money off housing, after all) rather than get involved with buying companies like Tik-Tok. But if it makes sense to buy Tik-Tok on grounds of national security, then why do we need a sovereign wealth fund to do it? Just buy the sucker and be done with it already! If it's a good business deal, the investment will eventually pay for itself. And if it's not, at least we made the country a little safer.
Well Trump 2.0 is putting on a masterclass on Austerity and not understanding monetary operations. This will be a total clown show with the fingerprints of Elon Musk all over it too. Just have to keep hammering home the message that once again, the US government is the issuer of dollars and cannot go broke no matter what the media and the Trump administration says.
The solution to MMT's difficulties in getting people to perceive that the national debt isn't actually debt is to strategically integrate the new monetary paradigm of Gifting into the DEBT ONLY system.
Paradigm changes are new APPLIED ideas and permanent mental and temporal universe enlightenment phenomena. Theories are merely true or untrue ideas.