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Re: Modern Monetary Theory [message #96198 is a reply to message #96135]

Wed, 16 November 2022 18:34

Rusty
Messages: 1188
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Nomi Prins knows finance banking from the inside out. She worked in the biggest, Bear Sterns, Chase Manhattan, Goldman Sachs. She did analysis for these banks financial engineering departments. From it she learned how the system works to amplify the never ending flow of Federal Reserve money. And because of it she eventually had a change of conscious for the harm it's done to our economy. And written books and essays trying to call attention to it. This kind of critique though is not promoted to a wide audience in our society. The gravy train is too lucrative in our banking and corporate suites to make this knowledge a household staple.

We know things don't seem kosher but there's no meaningful explanation to account for it. Other than the platitudes trotted out for every crisis heaped on us.
It's very simple though. It's a system designed to maximize the power of money that only the very few can take part in. The real people in the real economy are subject to the reality of stinginess to access from thriving that the top 10 to 15 percent of the population take for granted. Wall Street's casino.
While the real economy that makes things and delivers services, the financial economy thrives on the debt we owe them and the casino that amplifies the investments the elite can partake in. Which is why the top 10% reap 87% of Wall St's. wealth.

Forty years of Neoliberism has culminated in this dilemma. A mixed economy with manufacturing, service and finance promoting the real economy is what we once were. The tenants of Neoliberism called for off sourcing industry, small government influence in the markets and de-regulation. Principally banking. And the Federal Reserve system is the enabler for banking's gambling habits. Even when they blow up the whole economy from their avarice and political influence.

Let Nomi Prins explain it so much better. It's worth your while to understand the reality from the fantasy.
From the half way point in Richard Wolff's Economy Update. (16:00).

https://www.youtube.com/watch?v=ii3TEen_LP4&t=1s

An in depth take on her new book Permanent Distortion.

https://www.youtube.com/watch?v=52T309JE7f8

https://is2-ssl.mzstatic.com/image/thumb/Publication122/v4/67/0d/ec/670decb8-8d6b-fcb3-39e1-af6a8c961ab5/9781541789074.jpg/536x0w.webp

Like James Brown sang: "We gotta get ov'ah, before we go und'ah.

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[Message index]

		Modern Monetary Theory By: Rusty on Mon, 03 September 2018 14:25
		Re: Modern Monetary Theory By: Kingfish on Mon, 03 September 2018 14:56
		Re: Modern Monetary Theory By: Rusty on Sun, 09 September 2018 11:23
		Re: Modern Monetary Theory By: gofar99 on Tue, 11 September 2018 16:43
		Re: Modern Monetary Theory By: Rusty on Wed, 12 September 2018 10:12
		Re: Modern Monetary Theory By: Rusty on Sun, 17 February 2019 18:09
		Re: Modern Monetary Theory By: Kingfish on Wed, 01 May 2019 11:04
		Re: Modern Monetary Theory By: Rusty on Wed, 01 May 2019 14:45
		Re: Modern Monetary Theory By: Kingfish on Sun, 12 May 2019 15:37
		Re: Modern Monetary Theory By: Rusty on Mon, 13 May 2019 09:56
		Re: Modern Monetary Theory By: Rusty on Mon, 13 May 2019 10:28
		Re: Modern Monetary Theory By: Newjack on Mon, 13 May 2019 23:24
		Re: Modern Monetary Theory By: Rusty on Tue, 14 May 2019 09:57
		Re: Modern Monetary Theory By: Rusty on Fri, 07 June 2019 10:40
		Re: Modern Monetary Theory By: Rusty on Wed, 25 March 2020 19:09
		Re: Modern Monetary Theory By: Rusty on Sat, 04 April 2020 09:58
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 13:05
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 15:40
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 16:14
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 17:23
		Re: Modern Monetary Theory By: Wayne Parham on Sat, 11 April 2020 17:34
		Re: Modern Monetary Theory By: Rusty on Sat, 11 April 2020 19:19
		Re: Modern Monetary Theory By: Rusty on Mon, 13 April 2020 11:09
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 13 April 2020 16:00
		Re: Modern Monetary Theory By: Rusty on Mon, 13 April 2020 17:03
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 15 April 2020 11:48
		Re: Modern Monetary Theory By: Rusty on Wed, 15 April 2020 14:25
		Re: Modern Monetary Theory By: Rusty on Sun, 19 April 2020 11:36
		Re: Modern Monetary Theory By: Rusty on Wed, 19 August 2020 10:08
		Re: Modern Monetary Theory By: Rusty on Sat, 10 October 2020 09:07
		Re: Modern Monetary Theory By: Rusty on Tue, 29 December 2020 11:22
		Re: Modern Monetary Theory By: Rusty on Wed, 27 January 2021 11:42
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 10:21
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 15 February 2021 11:58
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 14:34
		Re: Modern Monetary Theory By: Wayne Parham on Mon, 15 February 2021 15:23
		Re: Modern Monetary Theory By: Rusty on Mon, 15 February 2021 17:09
		Re: Modern Monetary Theory By: Rusty on Tue, 16 February 2021 11:57
		Re: Modern Monetary Theory By: Rusty on Wed, 17 February 2021 10:52
		Re: Modern Monetary Theory By: Rusty on Sat, 20 February 2021 10:53
		Re: Modern Monetary Theory By: Rusty on Mon, 22 February 2021 09:25
		Re: Modern Monetary Theory By: Rusty on Tue, 23 February 2021 11:09
		Re: Modern Monetary Theory By: Rusty on Sun, 28 February 2021 10:12
		Re: Modern Monetary Theory By: Rusty on Tue, 16 March 2021 12:26
		Re: Modern Monetary Theory By: Rusty on Wed, 17 March 2021 17:49
		Re: Modern Monetary Theory By: Rusty on Sat, 17 April 2021 11:10
		Re: Modern Monetary Theory By: gofar99 on Sat, 17 April 2021 11:24
		Re: Modern Monetary Theory By: Rusty on Sat, 17 April 2021 18:32
		Re: Modern Monetary Theory By: Rusty on Thu, 29 April 2021 13:53
		Re: Modern Monetary Theory By: Rusty on Wed, 05 May 2021 09:07
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 05 May 2021 11:04
		Re: Modern Monetary Theory By: Rusty on Wed, 05 May 2021 14:09
		Re: Modern Monetary Theory By: Rusty on Fri, 07 May 2021 10:20
		Re: Modern Monetary Theory By: Rusty on Fri, 14 May 2021 11:38
		Re: Modern Monetary Theory By: Rusty on Tue, 25 May 2021 12:30
		Re: Modern Monetary Theory By: Rusty on Fri, 28 May 2021 18:15
		Re: Modern Monetary Theory By: Rusty on Mon, 31 May 2021 11:43
		Re: Modern Monetary Theory By: Rusty on Wed, 16 June 2021 08:54
		Re: Modern Monetary Theory By: Rusty on Mon, 21 June 2021 08:07
		Re: Modern Monetary Theory By: Rusty on Wed, 14 July 2021 12:25
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 10:07
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 11:22
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 13:03
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 14:41
		Re: Modern Monetary Theory By: Rusty on Thu, 15 July 2021 16:07
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 15 July 2021 17:44
		Re: Modern Monetary Theory By: Rusty on Fri, 16 July 2021 09:50
		Re: Modern Monetary Theory By: Rusty on Wed, 21 July 2021 17:25
		Re: Modern Monetary Theory By: Rusty on Tue, 27 July 2021 16:16
		Re: Modern Monetary Theory By: Rusty on Wed, 18 August 2021 10:24
		Re: Modern Monetary Theory By: Wayne Parham on Wed, 18 August 2021 12:59
		Re: Modern Monetary Theory By: Rusty on Thu, 19 August 2021 14:37
		Re: Modern Monetary Theory By: Rusty on Fri, 20 August 2021 14:54
		Re: Modern Monetary Theory By: Rusty on Tue, 31 August 2021 09:38
		Re: Modern Monetary Theory By: gofar99 on Tue, 31 August 2021 21:54
		Re: Modern Monetary Theory By: Rusty on Wed, 01 September 2021 10:05
		Re: Modern Monetary Theory By: Rusty on Sat, 04 September 2021 09:46
		Re: Modern Monetary Theory By: gofar99 on Sat, 04 September 2021 21:34
		Re: Modern Monetary Theory By: Rusty on Sun, 05 September 2021 07:20
		Re: Modern Monetary Theory By: gofar99 on Sun, 05 September 2021 08:36
		Re: Modern Monetary Theory By: Rusty on Sun, 12 September 2021 09:50
		Re: Modern Monetary Theory By: gofar99 on Sun, 12 September 2021 20:39
		Re: Modern Monetary Theory By: Rusty on Mon, 13 September 2021 09:27
		Re: Modern Monetary Theory By: Rusty on Wed, 15 September 2021 10:41
		Re: Modern Monetary Theory By: Rusty on Sat, 25 September 2021 13:08
		Re: Modern Monetary Theory By: Rusty on Wed, 06 October 2021 11:08
		Re: Modern Monetary Theory By: Rusty on Tue, 19 October 2021 09:44
		Re: Modern Monetary Theory By: Rusty on Sat, 23 October 2021 12:02
		Re: Modern Monetary Theory By: Rusty on Sat, 23 October 2021 16:43
		Re: Modern Monetary Theory By: Rusty on Sat, 30 October 2021 13:26
		Re: Modern Monetary Theory By: Rusty on Sun, 07 November 2021 08:57
		Re: Modern Monetary Theory By: Rusty on Mon, 08 November 2021 15:18
		Re: Modern Monetary Theory By: Rusty on Mon, 22 November 2021 10:01
		Re: Modern Monetary Theory By: Rusty on Wed, 08 December 2021 19:30
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 09 December 2021 09:22
		Re: Modern Monetary Theory By: Rusty on Thu, 09 December 2021 12:01
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 09 December 2021 13:38
		Re: Modern Monetary Theory By: Rusty on Thu, 09 December 2021 18:28
		Re: Modern Monetary Theory By: gofar99 on Fri, 10 December 2021 20:31
		Re: Modern Monetary Theory By: Rusty on Sat, 11 December 2021 08:56
		Re: Modern Monetary Theory By: Rusty on Sun, 12 December 2021 10:03
		Re: Modern Monetary Theory By: Rusty on Tue, 04 January 2022 12:33
		Re: Modern Monetary Theory By: Rusty on Thu, 13 January 2022 11:41
		Re: Modern Monetary Theory By: Rusty on Tue, 01 February 2022 12:04
		Re: Modern Monetary Theory By: Rusty on Tue, 08 February 2022 11:00
		Re: Modern Monetary Theory By: Rusty on Wed, 09 February 2022 11:18
		Re: Modern Monetary Theory By: Rusty on Sat, 19 February 2022 17:32
		Re: Modern Monetary Theory By: Rusty on Mon, 28 February 2022 13:40
		Re: Modern Monetary Theory By: Rusty on Tue, 15 March 2022 14:12
		Re: Modern Monetary Theory By: Rusty on Thu, 24 March 2022 11:23
		Re: Modern Monetary Theory By: Rusty on Fri, 01 April 2022 21:42
		Re: Modern Monetary Theory By: Rusty on Thu, 21 April 2022 14:17
		Re: Modern Monetary Theory By: Rusty on Mon, 16 May 2022 10:33
		Re: Modern Monetary Theory By: Rusty on Sun, 05 June 2022 11:43
		Re: Modern Monetary Theory By: Wayne Parham on Sun, 05 June 2022 18:38
		Re: Modern Monetary Theory By: Rusty on Mon, 06 June 2022 10:35
		Re: Modern Monetary Theory By: Rusty on Sun, 12 June 2022 09:32
		Re: Modern Monetary Theory By: Rusty on Wed, 22 June 2022 10:55
		Re: Modern Monetary Theory By: Rusty on Sun, 03 July 2022 11:41
		Re: Modern Monetary Theory By: Rusty on Tue, 12 July 2022 11:31
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 12 July 2022 12:03
		Re: Modern Monetary Theory By: Rusty on Tue, 12 July 2022 17:50
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 12 July 2022 18:27
		Re: Modern Monetary Theory By: Rusty on Wed, 13 July 2022 10:17
		Re: Modern Monetary Theory By: Rusty on Thu, 14 July 2022 07:09
		Re: Modern Monetary Theory By: Rusty on Thu, 14 July 2022 11:15
		Re: Modern Monetary Theory By: Rusty on Tue, 02 August 2022 12:21
		Re: Modern Monetary Theory By: Rusty on Sun, 28 August 2022 13:06
		Re: Modern Monetary Theory By: Rusty on Mon, 05 September 2022 11:59
		Re: Modern Monetary Theory By: Rusty on Sat, 17 September 2022 08:32
		Re: Modern Monetary Theory By: Rusty on Wed, 28 September 2022 11:48
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		Re: Modern Monetary Theory By: Rusty on Wed, 16 November 2022 18:34
		Re: Modern Monetary Theory By: Rusty on Sun, 11 December 2022 12:20
		Re: Modern Monetary Theory By: Rusty on Mon, 12 December 2022 19:31
		Re: Modern Monetary Theory By: Rusty on Fri, 06 January 2023 10:18
		Re: Modern Monetary Theory By: Rusty on Tue, 10 January 2023 10:19
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 10 January 2023 15:24
		Re: Modern Monetary Theory By: Rusty on Tue, 10 January 2023 17:21
		Re: Modern Monetary Theory By: Rusty on Tue, 24 January 2023 11:10
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		Re: Modern Monetary Theory By: Rusty on Sun, 19 March 2023 13:46
		Re: Modern Monetary Theory By: Wayne Parham on Sun, 19 March 2023 18:27
		Re: Modern Monetary Theory By: Rusty on Mon, 20 March 2023 07:46
		Re: Modern Monetary Theory By: Rusty on Tue, 21 March 2023 11:31
		Re: Modern Monetary Theory By: Wayne Parham on Tue, 21 March 2023 13:15
		Re: Modern Monetary Theory By: Rusty on Tue, 21 March 2023 17:16
		Re: Modern Monetary Theory By: Rusty on Wed, 22 March 2023 07:34
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		Re: Modern Monetary Theory By: Rusty on Fri, 07 April 2023 10:55
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		Re: Modern Monetary Theory By: Rusty on Sun, 21 May 2023 18:48
		Re: Modern Monetary Theory By: Rusty on Thu, 25 May 2023 10:36
		Re: Modern Monetary Theory By: Rusty on Thu, 01 June 2023 10:17
		Re: Modern Monetary Theory By: Wayne Parham on Thu, 01 June 2023 18:00
		Re: Modern Monetary Theory By: Rusty on Fri, 02 June 2023 06:37
		Re: Modern Monetary Theory By: Rusty on Thu, 08 June 2023 12:19
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		Re: Modern Monetary Theory By: Rusty on Thu, 06 July 2023 10:27
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		Re: Modern Monetary Theory By: Rusty on Sat, 05 August 2023 11:20
		Re: Modern Monetary Theory By: Rusty on Sat, 12 August 2023 18:12
		Re: Modern Monetary Theory By: Rusty on Sun, 13 August 2023 08:49
		Re: Modern Monetary Theory By: Rusty on Tue, 12 September 2023 06:37
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