[THREAD]

This is good news

The securing of British jobs

Is good news

Though to secure them

It admits two things

1. They were under threat
2. Something was done to address that

[thread] on "sovereignty"

"Some fears have been expressed that if Britain joins the Common Market she will cease to be able to formulate her own foreign policy and will lose her separate identity. "

[thread] on the state of 👇

"I think endless talk about a referendum without any clear description of what the constitutional situation would be after that referendum is completely irrelevant now to the concerns of most people"

My account in @thewire_in of meeting Muskan and Rashid, victims of a series of violent acts by the Bajrang Dal, and by a range of UP government authorities including the police, shelter home and hospital.

Advised by @SartajAlamIndia Muskan was taken to Bijnor, where she got an ultrasound done at a private clinic. The report shows that there are “retained products of conception” (foetal matter left over after a miscarriage or abortion) in her uterus.

The hospital denies causing Muskan to miscarry – but their denial rings false. They declared no miscarriage had occurred – which is now proven to be a lie. Most shockingly, in actions that befit a Mengele, they did not prescribe any antibiotics to Muskan after the miscarriage.

See how calm, confident Muskan is in the face of Bajrang Dal thugs: asked on camera if her father or “guardian” has given her permission to marry Rashid, she replies, “I am an adult, I am 22, I have married him of my own choice five months ago.”

Muskan told me: “I am an adult, know my own mind, was living on my own when I met Rashid. I knew he was Muslim. We loved each other. I converted to Islam of my own accord, & we married. My mother does not know him, she has just parroted whatever the Bajrang Dal men asked her to.”

I am bemused by those who demand that we repay the UK government’s debt. It makes me wonder, do they know what it is? And how do they think it can be repaid? And do they appreciate the consequences? A thread is coming on......bear with me, because I think you need to know this.

First, what is the UK government’s debt? I’ve immersed myself in this issue and can confidently say the Office for National Statistics’s figures are wrong, most especially because they claim that the UK government is in debt by owing money to itself. That’s not possible.

Whatever the Office for National Statistics like to claim, money you owe yourself is not debt, and so quantitative easing cancels about £800 billion of UK national debt right now. There are other mistakes in their numbers, but I’ll just stick with this one for the moment.

So, if the ONS claim the national debt is around £2.1 trillion at present, it isn’t. Allowing for the UK government owning around £800 billion of its own debt the figure reduces to maybe £1.3 trillion, give or take a bit. But that, I hasten to add, is not the end of the story.

It’s important to understand that the ONS includes some things few would think of as debt in their figures. For example, around £200 billion (£0.2 trillion) of National Savings balances are included in the national debt. Whoever knew Premium Bond holders were such a burden?

(Thread) Mid-2020 GITMO Update: Arrests, Indictments, & Executions

So before we get started, let us first understand that before Trump was POTUS GITMO (Guantanamo Bay Detention Camp) was a fraction of the size it now is. This can be clearly confirmed by the following visuals, identifying a significant amount of expansion...

for what is expected to be tens of thousands of new ex-elite prisoners. Well, those who are not executed via military tribunal at least. ow, if you are not aware of these indictments I am referring to, that makes perfect sense because they are still sealed and not yet...

Public knowledge. Please allow me to enlighten you. These equate to roughly 222,00 sealed indictments and pertain to the most disturbing and corrupt crimes against humanity. These range from human trafficking, organ trafficking...

child sex trafficking, slavery, treason, terrorism, fraud, misuse of AI, genocide, brainwashing, defamation, 5G endangerment, religious discrimination, misrepresentation, censorship, privacy infringement, and prevention of saving humanity from biotech endangerment.

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While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

4/9

a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...

A thread on... where we are as Americans.

Since I was a kid, I've been a 'news junkie'. Read both local newspapers every day, all the newsmagazines, and watched every local & national newscast. I even wrote & voiced a national financial news broadcast for several years.

1/

Even after I left broadcasting, I continued to consume all the news within reach. Religiously watching all the Sunday shows, writing letters to the editor, and plowing into Social Media- when it first started! I even watched all the late-nite comics for their witty snark.

2/

Now, for the first time in my life, I don't. I keep up with events, and still read voraciously, but I just can't watch or read the majority of the corporate news. Because most of it ISN'T news anymore, but a sad self-parody akin to the 1976 Movie 'Network'.

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Paddy Chayefsky wrote a scathing satire of a news network so consumed with ratings that it eschewed journalistic ethics in favor of sensationalism and pushing narrow corporate and political interests. That sadly, is no longer parody.

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The line between 'hard news' and opinion was erased at most outlets long ago. We no longer talk of 'objectivity' or hearing both sides'. People refer to most (formerly) 'hard news' outlets by their ideological slant, and the agenda they push.

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