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If this interview with Prigozhin is real, it is very important. thank you for posting it.

I guess you weren't aware that Hunter had started an investment firm with colleagues . https://www.bloomberg.com/profile/company/0218126D:US#xj4y7vzkg

Yes of course there are explanations. Hunter was on Burisma's board and they paid him a lot of money to do nothing but use his name, probably thinking it would buy them influence. Hunter and his partner had a number of foreign clients who invested their money with Hunter's investment firm. This...

Very difficult to share a non-existent document. Very easy to claim such exists so long as no evidence of it other than hearsay is required.

Excellent! that's almost correct! Fed policy is an important influencer of money demand which in turn determines the amount of temporary inside money (the money that appears when banks make loans) in the economy. It's the kind of money that dominates "the money supply". The other place...

I'm curious. Where do you think fiat money comes from?

o_O So we have all been fooled into thinking there was a pandemic when the pile-up of bodies was caused by mortuary workers staying home. You're apparently the first one to figure out what was really going on. You seem to be a really smart guy, because no one else figured out that all those...

Yes, of course. The main component of the Money supply is virtually always inside money created by fractional reserve bank loans.

or, could it mean that the FBI gave more weight to tips coming from non-conspiracy advocates? That's what it looks like to me. They apparently paid little or no attention to tips not backed by at least one piece of credible evidence.

Apparently Hospital intensive care did not notice that the pandemic was "fake". Or were they faking? Were all those refrigerated trucks serving as overflow morgues fake too?

I agree with this as it normally applies so long as I am the one that gets to determine when spending is out of whack. But who is to say that spending is out of whack, as you put it? There is no budget possible that someone won't declare spending "out of whack." If you can reduce this "out of...

I certainly agree that once we form a habit of doing something that doesn't serve our best interests it is hard to change. I'm not sure how are debt holders can help us anymore than they already are. If they dump treasuries, that will not help! They are very unlikely to do this as their...

Perhaps it would make sense to contrast Venezuela with the U.S. Both countries print. But Venezuela is collapsing because they are printing --- maybe we are "helping" them collapse. The U.S. is also printing, but not collapsing. What's the critical difference. It is the size and breadth of...

Economic indicators show the U.S. economy is presently strong. So at least up to now it is, to use your word, quite "viable". If we assume this is true, what would this suggest to you about the need for money in the economy?

If you had time to read the first post in this thread you may recall that a point made was that so long as there is economic growth we should expect the "National Debt" to rise. Therefore rather than being concerned about the Debt rising --- something would be amiss if it didn't --- we should...

A main claim of MMT economists is that the Treasury and Fed can be consolidated, i.e., the Fed and the Treasury become "Fed-Treasury", so to speak, for the purpose of understanding the overall, government money operation. If this is an invalid assumption, then much, if not all, of their claims...

Well, what I wrote makes the claim that they are, in the current practice, dollar for dollar related. In other words, the Treasury auctions securities in principle amounts equal to the size of deficits. So under that assertion a dollar of deficit would result in a dollar of debt. Or "ersatz...

? Do you think of them as separate and unrelated?

The following draft is part of a project I'm working on. I thought it might be of interest to some ETers. None of the concepts here are original. If there is anything original here it might be my specific model, interpretations and explanations. I am entirely responsible for any errors in...

I hadn't known of Chancellor's book until just now. It looks to be quite a good read. My interests run more to the detailed workings of the Fed and Treasury. I don't know of any single work that by itself paints a complete, up to date, picture. But I am about to post in the economics forum...