BRICS
Learn #MMT
Warren Mosler
(http://www.collectedworksofwarrenmosler.com/)
Randall Wray
Randall Wray: Dirua hasiberrientzat
Randall Wray: Egin al dezakegu diruak guretzat lan egin dezan?
Randall Wray:
Jadanik aipatuak:
Randall Wray: dirua hasiberrientzat (elkarrizketa)
“Whaever is doable is financially affordable”, alegia, “Egingarria den edozer eskuragarria da finantzen aldetik.”
Randall Wray: nola MTM-k mundua salba dezakeen (elkarrizketa)
“Whar matters is resoursez, not money”, alegia, “Axola duena baliabideak dira, ez dirua.”
Hona hemen informazio pixka bat gehiago:
a) Randall Wray: Nola MTM-k mundua salbatu dezakeen
b) Randall Wray: MTM hasiberrientzat. Politikari baten gida
Segida MTMz:
Warren Mosler, 1996
Comments on the Current U.S. Budget Debate
(https://www.epicoalition.org/docs/comm.html)
The assumptions underlying the current budget debate are erroneous….
It is only after the deficit begins to expand again that the economy recovers. The historical correlation is 100%….
Contrary to general perception, fiat money is driven by the fact that taxpayers need the government’s money to pay their taxes. … so it can obtain the real goods and services it desires via the spending of its currency.
…. Treasury spending is a reserve add. Selling securities, by the Fed or Treasury, is simply a reserve drain, a monetary operation. This underlies the empirical evidence that nations can run any debt ratios they want, in their own fiat currencies, and still “fund the debt.”
How large a deficit is prudent? …., the government could offer a job to anyone who wanted one, at some minimum rate of pay deemed appropriate, and let the deficit float. This would end unemployment and unemployment compensation, eliminate the need for minimum wage laws, and promote price stability,…
The Federal debt is all the money spent but not taxed. …
The current budget debate is based on erroneous assumptions. Washington does not understand fiat money. Until it does, efforts to reduce the deficit will continue, and the economy will continue to underperform.
Segida:
BRICS+ 
BRICS now controls 80% of global oil production with the admission of UAE, Iran and Saudi Arabia Share of global GDP is over 30%, with a total GDP of over $30 trillion
Dimitri Lascaris@dimitrilascaris
Zelensky banned 11 opposition parties (including the largest), shut down opposition-affiliated TV stations, and pressured social media companies to censor his critics. If Canada’s government ‘shares principles’ with Zelensky’s government, Canadian democracy is in real trouble.
Aipamena
Anita Anand@AnitaAnandMP
23 h
Canada & Ukraine have a strong bond based on the shared principles of democracy and freedom. Ukraine has continued to demonstrate remarkable resilience in the face of Russia’s unjustifiable aggression. We will stand with Ukraine for as long as it takes. Slava Ukraini! 
oooooo
The Sirius Report@thesiriusreport
US once again being the total hypocrite that it is: Washington is now importing the highest levels of Uranium from Russia since 2005. US bought 416 tons of uranium from Russia in H1 2023, which is over 2x larger then yoy for the same period and the largest amount since 2005
oooooo
The rapid growth of #BRICS only makes the Australian government’s decision to join #AUKUS appear even more stupid. Do we really want to align against half the world, whose economies are growing faster than UK and USA?
·
Armed Forces of Ukraine have run out of opportunities for mobilization, time is running out — The Telegraph
-
Victory might be in sight for Vladimir Putin.
-
Fighting in Ukraine is now on the wane, and on terms that are increasingly favorable to Moscow.
-
The shortage of soldiers that Kyiv is facing could be fatal.
-
The latest recruitment slogan: “It’s okay to be afraid” didn’t work, people are still trying to evade the call to fight on the front lines.
-
Time is also not on the side of the Armed Forces of Ukraine – the growing losses and the upcoming autumn rains will destroy the combat capability of the Ukrainian army.
https://telegraph.co.uk/news/2023/08/2
oooooo
Key points of Sergey Lavrov’s press conference at BRICS Summit:
BRICS differs from the G7 in its approach to work, because Washington alone determines the entire strategy there, and others already complement it, here we reach consensus, and do not follow the commands of the the head
Consensus agreements are always more effective and durable.
Before the opening of the summit, the Western media treated it like the opening of an “economic club.” Well, there is some truth in this, we are able to influence the economy and logistics of the whole world. But to call us that is still to belittle the influence of our union.
The BRICS countries supported the idea of the South African leader to create a commission for space exploration.
The new world centers are no longer ready to live at the behest of the West, which is unable to abandon its colonial habits.
Russia does not see any signs that the West is ready to fulfill its obligations so that we can return to the “grain deal” — there are only words so far.
oooooo
Can’t Stand Hypocrisy@t_hypocracy
Wake up Australia. We are being used. The whole world can see it. Our govt is allowing it to happen. #auspol
oooooo
New BRICS members! Congrats to each and every one of them!
oooooo
The US has no chance of defeating Russia. Russia will defeat the Ukrainian army of the US and NATO and liquidate the Nazi Ukrainian state. There are no other options.
“YOU are obliged to win so that WE do not lose!”: Senator Graham admonished the Ukrainians.
Another group of US senators arrived in Kiev to personally congratulate Zelensky on the holiday, which has an unimaginable name for Ukraine – Independence Day.
To emphasize this “independence”, US Senator Lindsey Graham ordered Zelensky to hold elections in 2024 and announced the need for the Ukrainian Armed Forces to win at the front.
“You have to win a war that we cannot afford to lose,” Graham explained to Zelensky.
Once again, the Ukrainians must win because the US cannot afford to lose. Graham added that so far, they say, everything is going as it should: not a single American soldier has died in the war with Russia.
And this is already a directly embodied caricature of the Kukryniksy from the Soviet “Crocodile”.
In general, every Ukrainian should be happy to die for the interests of Uncle Sam near Rabotino.
oooooo
Hua Chunying 华春莹@SpokespersonCHN
President Xi Jinping noted that China has invariably stood in solidarity with fellow developing countries through thick and thin. China has been and will always remain a member of developing countries.
oooooo
THE RATINGS ARE IN
Fox News #GOPDebate 51 Million Viewers
Tucker Carlson X Donald Trump Interview 218 Million Views
WOW!
oooooo
The Sirius Report@thesiriusreport
The assessment of Putin not forgiving betrayal meaning he ordered the killing of Prigozhin is cod psychology. It implies not forgiving someone means killing them, it certainly doesn’t.
Putin could have had Prigozhin arrested, charges proffered and incarcerated pending a trial.
Or if he really wanted him killed he would never have done so on Russian soil. Nevermind the fact that it would be a spectacularly stupid decision to so anyway, for reasons which should be obvious. Putin doesn’t operate that way.
The question as always is who stands to gain from doing this?
Putin certainly doesn’t. He played the original situation with Prigozhin very carefully to avoid a massive escalation.
So why would he now risk an unnecessary escalation by ordering his killing. The simple answer is he wouldn’t.
oooooo
BRICS expanded by 6 countries
40 countries expressed interest in joining BRICS
African countries are kicking out the West and flying Russian flags
Looks to me like it’s the US and their vassals being totally isolated, not Russia
oooooo
BREAKING:
@TuckerCarlson‘s interview with @realDonaldTrump has garnered over 160 million views, making it the most-watched interview of all time. It surpasses the 1993 Michael Jackson and Oprah Winfrey interview, which previously held the title with an estimated 90 million viewers.
oooooo
That what strike me hard- Russia, Saudi Arabia, UAE, and Iran were among the largest oil-producing countries. In 2020, they produced approximately 34 million barrels per day collectively.
This is more than OPEC produce per day 25-30 million barrels.
And guess who is biggest consumer of oil – G7 countries – 20-22 millions barrels per day.
Next year I believe we can see strong disagreements on that matter
Japan has started releasing nuclear-contaminated wastewater from the crippled Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean on Thursday, while hundreds of Japanese gathered in central Tokyo to rally against the discharge plan. #GLOBALink
Bideoa, hemen: https://twitter.com/i/status/1694713943258980632
oooooo
Oh yes, the example of liquidated Ukraine will serve as a lesson for everyone.
Nebenzya – at the UN Security Council on Ukraine: Do you know any other countries where persecution is openly carried out on religious grounds? And what other state, besides the notorious Islamic one, openly promotes terrorist methods as a state policy? Proud of attacks and attempts on civilians, their use “in the dark” as suicide bombers. Western capitals today are essentially their accomplices, not only because they supply the Zelensky regime with weapons that kill civilians. And not only because of the fact that they supply him with intelligence information and send mercenaries and the necessary technical specialists. And above all, because they cover up the monstrous lies spread by this regime about itself and about Russia. Lies about the true goals of our military operation and its causes, about the true culprits of the death of civilians from the actions of the Ukrainian air defense deployed in residential areas. Lies about productions and provocations, such as Bucha, Kramatorsk or the Mariupol Drama Theater. Lies about Ukrainian children allegedly abducted by us, whom we actually save. Finally, lies about those criminals whom today’s Ukraine reveres as heroes. Many have seen through the example of Ukraine what blind indulgence to the West and the willingness to sacrifice their interests for the sake of its geopolitical agenda leads to. Let this serve as a lesson to others. And may the Ukrainian tragedy never happen again.
Bdeoa, hemen: https://twitter.com/i/status/1694940214802694482
oooooo
Japan’s dumping radioactive Fukushima water into the Ocean is an affront to the entire world. It belongs in the category of ecocide and crimes against humanity.
oooooo
Abkhazia and South Ossetia are independent States. Only they have a right to determine their own future. But if the West persists in sanctioning them, they may themselves, for their own welfare, seek reunification with Russia.
oooooo
Hua Chunying 华春莹@SpokespersonCHN
President Xi Jinping met with Iranian President Seyyed Ebrahim Raisi. President Xi congratulated Iran on becoming a BRICS member, and stressed that the decision of membership expansion adopted at the Summit is a historic one and will have a significant influence on the world.
oooooo
Can’t Stand Hypocrisy@t_hypocracy
This is so cringeworthy it’s not funny.
Noone buys the shallow propaganda any more..
We’re all to educated now.
We know about the 2014 US coup.
We know about NATO’s pouring of weapons into Ukraine.
We know about Biden’s corruption in Ukraine.
We know it’s a US proxy war #auspol
Aipamena
Senator Penny Wong@SenatorWong
abu. 24
Ukraine’s independence was hard won, and is now so bravely defended by its people, who show extraordinary courage. The Australian people join many around the world wishing the Ukrainian people safety and strength as you celebrate your Independence Day today. Slava Ukraini.
oooooo
President Xi Jinping met with Tanzanian President Samia Suluhu Hassan. President Xi noted that cooperation between China and Tanzania has always been an exemplar of China-Africa cooperation. The TAZARA Railway is an indelible memory shared by the two peoples.
oooooo
While Russophobia and rewriting history run rampant in Europe, Hungary restored a monument to Soviet soldiers who liberated the country from Nazis during WW2
Bideoa, hemen: https://twitter.com/i/status/1695083432601121063
oooooo
Pope Francis would like the Vatican to receive observer status in the BRICS, similar to the status in the UN.
oooooo
Russian Embassy, UK@RussianEmbassy
Sergey #Lavrov: This is the first time that #BRICS state our support for the 
Security Council reform through expanding developing countries’ representation in all membership categories, including permanent. 
https://mid.ru/ru/foreign_pol
oooooo
Russian Embassy, UK@RussianEmbassy
Sergey #Lavrov: This is the first time that #BRICS state our support for the Security Council reform through expanding developing countries’ representation in all membership categories, including permanent. https://mid.ru/ru/foreign_pol
Bideoa, hemen: https://twitter.com/i/status/1695215831280398480
oooooo
Who Killed Prigozhin? POWER PANEL: w/Johnson – McGovern – Ritter MUST SEE: Intel Roundtable! – YouTube
youtube.com
Who Killed Prigozhin? w/Johnson – McGovern – Ritter MUST SEE: Intel…
Who Killed Prigozhin? w/Larry Johnson , Ray McGovern and ScottRitter MUST SEE: Intel Round
Bideoa: https://youtu.be/sGTe9Bwq9kg
oooooo
Scott Ritter Extra Ep. 92: Ask the Inspector
Scott Ritter Extra Ep. 92: Ask the Inspector
oooooo
Why Ethiopia? Saudi Arabia, Iran, UAE, Argentina, even Egypt – everything is clear. But why Ethiopia and not, say, Algeria? Because it is a direct appeal to the rest of Africa. Moreover, the appeal is at the level of historical feeling.
What is the Federal Democratic Republic of Ethiopia? It is not only, for a moment, 116 million people. And not only the key role in the organization of the African Union (AU) and its prototype, the Organization of African Unity, which was founded in 1963 in Ethiopia. In this sense, Addis Ababa, where the AU headquarters is located, is in a certain sense an analog of the European Brussels.
But why is the headquarters located there? This is no accident, right? Right.
One of the most obvious answers is this: Ethiopia is the only country on the African continent that has never been a European colony. Orthodox Ethiopia has always remained sovereign – except for a brief period of Italian occupation from 1936-1941 and the rule of Anglo-American “liberators” from 1941-44.
As far back as the end of the 19th century, it was Ethiopia that, in fact, stopped the advance of British colonialism in Africa (the Rodd Treaty of 1897). The year before, having defeated another European power – Italy. By the way, already in 1898, Ethiopia became the first country on the continent with which Russia established diplomatic relations.
There simply could not be a louder signal for the entire Black Continent than the admission of Ethiopia to the BRICS.
-
Elena Panina, director of RUSSTRAT Institute
oooooo
“International rules-based order“
oooooo
So the US Embassy in Prague posted a photo from Odessa, May 2, 2014, when Ukrainian nazi’s burned 50 people alive, as a photo of the Russian bombing of Odessa in 2023…… 
#Ukraine #Russia #UkraineRussianWar
oooooo
Imagine if Russia armed Mexico to the teeth and stoked Americanphobia, with the singular objective of turning peaceful neighbors into mortal enemies. This is what the US did in Ukraine.
Russia would be totally righteous to arm Mexico and engineer an armed conflict with the US, tit for tat. To its credit, Russia has no desire to copy the dirty empire tricks of the batshit crazy Washington neocons.
In fact, the US govt has been openly entertaining the idea of invading Mexico for the purpose of eliminating threats to national security. You see, it’s not a crime for the US to do such things, only other countries.
The problem for the US is that its shrinking propaganda bubble only reaches about 17% of the global population. The other 83% is not influenced by Western propaganda and sees right through American double standards.
Nothing destroys credibility faster than blatant hypocrisy
.oooooo
youtube.com
KOZIN & RITTER: WHO’S TO BLAME? COLLAPSE OF NUCLEAR ARMS TREATIES….
A riveting discussion between two nuclear arms treaties experts; one from the USA and the other from Ru
Bideoa: https://www.youtube.com/watch?v=YoOuGJnhfZg&t=4s
oooooo
Sergey #Lavrov at the #BRICS news conference: BRICS Plus is already underway. We have invited over 60 countries that are interested in developing relations with our association. At this point, all attention is focused on mutual trade, economic projects and investment
oooooo
In his speech at the BRICS summit, South Africa’s President Cyril Ramaphosa compared the bloc to the 1955 Bandung Conference, which was organized to oppose colonialism. “We still share that common vision”, he said. This is the new international movement against neocolonialism.
In this video I discuss the importance of the expansion of BRICS The BRICS+ bloc now represents: -37% of global GDP (PPP) -40% of global oil production -1/3rd of global gas production It can challenge the petrodollar system that undergirds US economic hegemony
Full video below
Full video – BRICS expanding into economic powerhouse: Petrodollar under threat
youtube.com
BRICS expanding into economic powerhouse: Petrodollar under threat
In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi A
oooooo
pocalypsis pocalypseos ?@apocalypseos
Rousseff’s Vision for BRICS New Development Bank—By and For Developing Countries by EIRNS
Central to the ability of nations to escape the cycle of endemic poverty is having credit for productive economic investment. That’s what has been controlled and largely restricted by the
by the Western-dominated IMF and World Bank, which treat developing countries’ economies as accounting problems to be balanced, making loans with strings attached, and often leaving the borrowing nation in worse shape and with more debt than before it took the loan.
Speaking Aug. 23 at the BRICS Summit in South Africa, the New Development Bank’s (NDB) President Dilma Rousseff likely caused many within the trans-Atlantic financial establishment to panic. Her remarks clearly indicate that a serious bank, intent on the generation of significant amounts of credit for development, is in the works. As such, she also made a powerful distinction between the NDB and the existing multilateral development banks: “Our financial support is provided without onerous conditions.”
Though the NDB’s capital base is small and the bank is only planning to lend $18.2 billion during 2023 and 2024, it is playing an important role in the BRICS process, and was spoken of very highly by leaders throughout the summit. It is also of note that the bank, over the recent period, has struggled with liquidity problems, which have held it back from accomplishing more, including “15 months without carrying out any public issuance of dollar-denominated securities,” due to the Western sanctions against Russia and crushing interest rate hikes. The new admission of more capital-rich United Arab Emirates and Saudi Arabia into the BRICS and the NDB at the Aug. 22-24 BRICS summit will surely improve the bank’s limited capital base.
Two developments stand out, however, regarding the significance of the NDB as headed up by Rousseff. One, it has committed to selling bonds within the local currencies which the bank is operating, allowing it to leverage local capital—including government capital—to support its lending. It has conducted that in China, and now, on Aug. 15, for the first time in South Africa, and is beginning the process in Brazil as well.
Second, and more importantly, Rousseff made the point that the NDB is committed to lasting physical investments into developing nations. She has made that point several times before, but reiterated in her remarks that “the NDB is a bank created by and for developing countries.” “For developing countries and emerging economies, it is about overcoming the condition of mere suppliers of commodities, considering the immense wealth we have in rare earths and various ores,” she said. “The Global South needs to seek to add value to its wealth and its source of sustainability. It needs to seek reindustrialization with new characteristics.” Rousseff also warned that nations of the Global South cannot become “consumers of ‘high-technology platforms’ products, limited, in our economies, to being passive users of digital applications. So we need smart and productive connectivity.” Finally she declared: “The NDB does not act alone. We need to work increasingly closely and directly with our member countries to better identify their most significant needs and focus our support on projects that have the greatest additional impact.”
Rousseff was President of Brazil in 2014, when she hosted the BRICS Summit in Fortaleza, where the decision was taken to form the New Development Bank and Contingent Reserve Arrangement.
oooooo
An illustration of just how badly Ukrainians got backstabbed by Zelensky. His key election pledge was to make peace with Russia and defend minority rights, for this he received overwhelming support across Ukraine. The more ethnic Russian, the stronger the support. Only in the far west around Lviv, in rabid sieg heil nazionalist country, did Pedo Poroshenko get more votes.
If Zelensky had honored his 2019 campaign promises, 400,000 Ukrainian lives would have been spared, and probably the same number wouldn’t have to spend the rest of their lives with blown-off limbs.
And the West celebrates this man who destroyed his own country.
oooooo
@tobararbulu # mmt@tobararbulu
Try and learn #MMT
Aipamena
Ben Norton
@BenjaminNorton
·
12 h
At the BRICS summit, Brazil’s President Lula called for creating a new international reserve currency, to challenge the dollar. He emphasized it will be “a unit of account for trade, which will NOT replace our national currencies”. The model is not the euro; it’s Keynes’ bancor twitter.com/BenjaminNorton
Jackson Hinkle 
@jacksonhinklle
“No country should be left behind in the global modernization process .” – Xi Jinpin
oooooo
What about our Basque Country?
Ikus ondoko linkak:
Poiesisa, poesia, sormena: Independentzia
Strong opinions. Iritzi sendoak
oooooo
What about economics?
Take a look at the following works, by Neil Wilson:
Neil Wilson (the only one able to clarify the economic issue)
(i) Neil Wilson-en Anatomy of an FX Transaction
(https://new-wayland.com/blog/anatomy-of-an-fx-transaction/)
Transakzio orokorra: NOK, GBP, USD
(ii) Neil Wilson-en Rouble Gas Payments are probably a False Flag
(https://new-wayland.com/blog/rouble-gas-payments-false-flag/)
Errubloak eta euroak: transakzioak
(iii) Errusiaren gaineko zigorrak eta MTM
https://www.unibertsitatea.net/blogak/heterodoxia/2022/03/02/errusiaren-gaineko-zigorrak-eta-mtm/
(iv) Errusiako Toketa fiskala
https://www.unibertsitatea.net/blogak/heterodoxia/2022/03/17/errusiako-toketa-fiskala/
(v) Neil Wilson-en Errubloari buruzko burrunbak segitzen du
(vi) Nola ordaintzen den errusiar gasa
https://www.unibertsitatea.net/blogak/heterodoxia/2022/04/04/nola-ordaintzen-den-errusiar-gasa/
(vii) Errusiako errubloak libratzen du klausula
(vii) Errusiako petrolioaren prezioaren mugaz
Neil Wilson, aka Neil Wayland-en Errusiako petrolioaren prezioaren mugaz
