The first thing to understand is that government is in thrall to corporations, which are protected and funded by the state. All the externalized costs and consequences of the pillage of the planet and populace are transferred to the state while the profits are of course private.
The second thing to understand is the intersection of Tech, Business and MIC which is the de facto fourth branch of government that runs the country and its foreign vassal states. The Military/Intelligence Defense space is the least regulated vector of government and industry. In the Tech space, look at Mag 7, Nvidia for example is balls deep in the Defense R&D space, and the list goes on.
Trump can only exist if the MIC sanctions his existence, so the questions we should be asking must include the context of the US deep state power structure and its warring elites that are fighting over US foreign policy, how the software is revised and how the dollar machine can be weaponized against its rival.
Essentially we are talking about the four branches of the US government fighting each other over revenue as the cold war with China challenges dollar hegemony. The SME’s of course are always the first to get looted (taxed via inflation and legislation) as the empire scrambles.
Russell, what do you think of the view (as opposed to Barro Ricardian equivalence) that government debt in a fiat currency regime is essentially private sector net wealth
Hence the interest payments on treasuries (to the extent that they're domestically held) are actually stimulatory.
Given that BRICS central banks are now selling treasuries, more of the interest will be recycled domestically or at least amongst friendly foreign institutions
Isn't this becoming like the Italian case of finance, where households (allegedly!) don't pay tax, but instead dutifully buy government debt?
You can’t send the boys round to yourself :) it’s all the same turtles all the way down
Is trump's selling point- everyone is corrupt
The fact it comes from trump doesn’t make it wrong
The first thing to understand is that government is in thrall to corporations, which are protected and funded by the state. All the externalized costs and consequences of the pillage of the planet and populace are transferred to the state while the profits are of course private.
The second thing to understand is the intersection of Tech, Business and MIC which is the de facto fourth branch of government that runs the country and its foreign vassal states. The Military/Intelligence Defense space is the least regulated vector of government and industry. In the Tech space, look at Mag 7, Nvidia for example is balls deep in the Defense R&D space, and the list goes on.
Trump can only exist if the MIC sanctions his existence, so the questions we should be asking must include the context of the US deep state power structure and its warring elites that are fighting over US foreign policy, how the software is revised and how the dollar machine can be weaponized against its rival.
Essentially we are talking about the four branches of the US government fighting each other over revenue as the cold war with China challenges dollar hegemony. The SME’s of course are always the first to get looted (taxed via inflation and legislation) as the empire scrambles.
The other elephant in the room is an “asleep at the wheel” anti-trust effort, that may just be awakening from its multi decade hibernation
That's happening - but also needs a cooperative judiciary...
Throw in a lobby system and things start getting rather murky, rather fast
Hear hear!
Russell, what do you think of the view (as opposed to Barro Ricardian equivalence) that government debt in a fiat currency regime is essentially private sector net wealth
Hence the interest payments on treasuries (to the extent that they're domestically held) are actually stimulatory.
Given that BRICS central banks are now selling treasuries, more of the interest will be recycled domestically or at least amongst friendly foreign institutions
Isn't this becoming like the Italian case of finance, where households (allegedly!) don't pay tax, but instead dutifully buy government debt?
It makes me curious to learn more
Love the article
Hlo