These days it’s a dumb online-only meme for anyone to the left of Bernie Sanders. It’s todays “commie.” It’s a thought-terminating chiché for the purposes of shutting out those to one’s left.
Congress constitutionally has the power of the purse, and the it’s the US Treasury that creates money[^1]. When Congress created JP Morgan’s Federal Reserve, it partially cede its monetary sovereignty to the cartel of private US banks, and it can destroy the Federal Reserve in the same way that it created it, with the stroke of the pen.
even if the government could magically create all the money it needs to pay its debt, without borrowing more, it would completely devalue the dollar.
I see that you didn’t engage with the materials that I provided. Someone always says this, which is why I provided information on precisely this in my link about hyperinflation.
[^1]: There’s a second way that money is created: Congress deputized the private banks to create money out of thin air in the form of debt, meaning loans & mortgages. Each of those dollars is destroyed when the debtor pays down the principal.
I got rid of my federal government bonds a few weeks ago because I didn’t want to be lending money to Trump and his cronies.
That’s not how any of this works. The purpose of US Treasury securities is to give the wealthy a safe & profitable place to park their capital, outside of the real economy. The government doesn’t need to borrow your dollars when it has an infinite supply of them.
Most believe whatever Five Eyes NGO & corporate media and what Wikipedia[^1] tell them. I try to lead them toward developing real media literacy, but they seldom drink.
The UK’s 99 year lease to subjugate Hong Kong ended, yes. A lease which had been forced upon Imperial China at gunpoint during the century of humiliation. Hong Kong reintegration after the lease expired was a foregone conclusion. The last minute, US-backed attempt at color revolution failed.
I’m pretty sure virtually all of the Tibetan people are happy to no longer be suffering under theocratic feudalism. Happy to no longer be illiterate serfs and slaves, suffering depredation under a god-king. I doubt many of them are sad that CIA asset Dalai “suck my tongue” Lama is in exile. [1] [2]
But at the same time is militarily threatening it’s neighbours
(n.b. the maps are a bit dated, as the US has since pulled out of Afghanistan.)
Forward-defense ring: a perfectly normal and not at all Orwellian term of art. Meanwhile China has one foreign base in Djibouti for anti-piracy of Red Sea transport.
Probably not a good idea to mention that without qualifications on a lib-tolerant instance, or else the propagandized will fill in the context with the Five Eyes malarkey in their heads.
In the US the oligarchs have obtained control over the state and the democratic system.
The US was never democratic, and the oligarchs have always been in the driver’s seat. Previously:
The US government was never not captured by the bourgeoisie, because the US was born of a bourgeois revolution[1]. The wealthy, white, male, land-owning, largely slave-owning Founding Fathers constructed a bourgeois state with “checks and balances” against the “tyranny of the majority”. It was never meant to represent the majority—the working class—and it never has, despite eventually allowing women and non-whites (at least those not disenfranchised by the carceral system) to vote. BBC: [Princeton & Northwestern] Study: US is an oligarchy, not a democracy
The CPC’s controls on capitalism are enormous, and the bourgeoisie are largely excluded from the political sphere. Previously.
Cuba is a dictatorship of Castro family. […] DPRK is dictatorship.
China, Cuba, the DPRK, Laos, and Vietnam all have a form of Marxist-Leninist democratic centralism, as every communist country so far has, AFAIK. Cuba’s current president isn’t related to Castro.
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davel [he/him] @ davel @lemmy.ml Posts 282Comments 6,203Joined 2 yr. ago
These days it’s a dumb online-only meme for anyone to the left of Bernie Sanders. It’s todays “commie.” It’s a thought-terminating chiché for the purposes of shutting out those to one’s left.
https://en.wikipedia.org/wiki/Tankie#Modern_Internet_uses but actually https://www.joewrote.com/p/jfk-files-reveal-the-cia-role-in