lee wrote on May 28^th, 2023 at 3:48pm:


er... (lung) illness is often incapacitating, and likely to result in lower life expectancy. 

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No, I agree you didn't understand Keen's methodology, ...and don't have the brains to see that fiat-currency issuing governments can be authorized to issue debt free money to purchase the necessary resources to implement social policiies, if those resources are available for purchase in the nation's own currency. 

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The blind man denying complicity in war when his ideology demands war as last resort, in order to avoid submission to (international) law.

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Blind ideology stuff; NATO refused Russia access to dollar denominated trade, following US-led sanctions.

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You said y0u are on $200 per week which means you have other income/assets, (otherwise you would be on the full pension c.$400 per week). GDP per capita in China - including the middle class and billionaires - is c.250 per week, BUT: (quick google)

"Last year, the bottom 40 per cent of Chinese households ranked by income, totalling more than 600 million people, had a per capita disposable income of 11,485 yuan (US$1,621)"


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No, I distinquished between greedy conservative ideologues like you, and socially-minded  capitalists like C-B. .

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Now you are catching on; if 'captains of industry' were socially minded, the world would already be Green.

lee wrote on May 28^th, 2023 at 5:15pm:


sheer nonsense, other factors re longevty are involved for different countries.

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Sheer nonsense again; Keen merely proved that government debt is the private sector's surplus, which is the original MMT insight, long before Keen proved it  with D-E accounting.

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No, it's basic reason: to eradicate the scourge of war - the ultimate insanity in the age of MAD - men have to submit to rule of law.  I can hear your blind 'individual sovereignty'/'freedom values' brain screaming from here...


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Wow, low IQ as well as blind ideology; NATO cut Russia off from the global payments system, aka sanctions.

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Gosh, dementia, as well as low IQ and blind ideology. You said your part pension was about half the full pension, because of the income test. 

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Unfortunately for you, the debate re C-B is recorded, so you can't get away with your lies in lieu of debate; your low IQ, dementia and blind ideology not-withstanding.

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But of course most captains of industry are NOT socially minded, unlike the visionary C-B who wants to finance the green transition, while blind fools with your your evil ideology are happy to cook and pollute the planet while maximising their profits from filthy fossils.

https://www.msn.com/en-au/news/techandscience/incoming-un-climate-agency-chief-f...


Incoming UN climate agency chief forecasts wind of change

lee wrote on May 29^th, 2023 at 1:50pm:


filthy ffs are a killer, see google. 


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still,  Keen's Minsky exercise (in which you won't be able to identify a problem) backs up earlier MMT monetary  findings, namely:

"Fiat creates money for the non-bank private sector; interest on bonds creates money for the banking sector; and the turnover of money creates GDP. Far from the servicing of government debt being a burden on future generations, as Neoclassical economists claim, the payment of interest on government bonds finances the banking sector while the excess of government spending over taxation creates money and positive equity for the non-bank private sector.

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Er....nations can't go to war against a UNSC upholding the law, with 99% of the world's military force, other than if they want to 'commit suicide by cop' - which is often the final resort of criminals.

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Reason, as opposed to blind, self-interested instinct says...oh never mind


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quick google

The SWIFT ban against some Russian banks is one of the 2022 sanctions against Russia imposed by the European Union and other western countries, aimed at weakening the country's economy to end its invasion of Ukraine by hindering Russian access to the SWIFT financial transaction processing system.

..only ONE of the sanctions, in particular to limit use of the ruble internationally; google the others yourself.


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says the dementing, crippled-brain, blind, greedy instinct-driven conservative.  I'll go with Guardian....

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Irrelevant, you are dementing; 600 million Chinese are poorer than you.

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You stand exposed as a dementing, crippled brain fool;  as this entire thread proves, continuing even in your last post. 

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I reckon you are fraud-diver (aka "freediver").... ask a non sequitur question.

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above the postulated 1.5C over preindustrial levels.

Meanwhile back in 2018 St Greta proclaimed -

"On June 21, 2018 United Nations spokesperson Greta Thunberg said “climate change will wipe out all of humanity unless we stop using fossil fuels over the next five years.”

Only 18 days to go. We're DOOMED, I tell you, doomed.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


Once again you show you can't do proof. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:



You were the one insisted the Minsky exercise provided proof, as well as saying he had proved it previously. I merely pointed out accounting programs, like any program do not provide proof of anything. It merely shows the outcome of any assumptions provided it. That applies to pen and paper exercises of the same type. So you don't understand any engineering concept, any science concept and also any accounting concept. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


You're getting emotional again. Emotions are not facts. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:



More emotions. Try dealing in facts. Although you don't have any, so you can't do that. Dummy. 

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:



SOME banks not ALL banks. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


So tell me when they get there. Plans are not worth anything, it is outcomes that matter. Dummy. 

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


So your "purpose" is not about climate, not about science, not about engineering, not about proper accounting practice, but what your emotions tell you. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:



Who will make as much money as possible from his "vision", should he ever be able to do it. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


The Roman Warm Period - society improved.
The Minoan Warm Period - society improved.
The Mediaeaval Warm Period -Society improved.

When we had the cool periods -
Greenland collapsed
Rome collapsed
We had famines eg Potato famine.

Perhaps you can tell us of when warm periods caused collapse. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:


Yes they do. Are they right? Or is it because there are so many scary stories. But nothing there about apocalyptic warming. Dummy.

thegreatdivide wrote on Jun 4^th, 2023 at 11:16am:



But these young ones are the one who have been inculcated by their education, which is predominantly AGW and how bad it is. Dummy.

lee wrote on Jun 4^th, 2023 at 1:25pm:


And you are the non-economist who  can't address the reality that the government's deficit is the private sector's surplus. (see #507 in the MMT thread).

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Fact: effective international law..... "to save mankind from the scourge of war" (preamble to the UN Charter) - requires elimination of the veto in the UNSC;  incomprehensible fact to a blind "individual sovereignty" ideologue. 

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https://www.msn.com/en-au/money/other/signs-of-de-dollarisation-emerging-wall-st...

"The impact of steep U.S. interest rate rises and the use of sanctions that have frozen the likes of Russia out of the global banking system are driving the so-called BRICs nations - Brazil, Russia, India, China and South Africa - to challenge the dollar’s hegemony.

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A goal of a sustainable green economy with common prosperity is likely to be more successful than a goal of winner takes all in a survival of the fittest economy.

(Musk is now richer than the US treasury, according to flat-earth mainstream economists who are fretting over the US debt. ....)

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Crippled conservative brain can't connect the dots:

https://profstevekeen.substack.com/p/troll-wars-in-economics?utm_source=post-ema...

"I experienced two instances of (neoclassical economists')  smugness last week on (where else?) Twitter, via the Londoner Tim Worstall (@worstall) on climate change, and an anonymous New Zealander "Econgrad" (@Econgrad5143), on the role of money in economics.

Worstall trolled Peter Kalmus for saying that "I don't know how more parents aren't climate activists", with the claim that all we need is a carbon tax, citing both Lord Stern and "Nobel Prize" winner Nordhaus as examples of "actual science".

See the MMT thread #526 for the whole article.

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Nothing wrong with making money, if you are transforming the world to achieve sustainable common prosperity. Crippled conservative brain can't spot the difference.

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The collapse of the Bronze age civilizations in the Mediterranean world (Minoan and Mycenaean).

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The desertification of the Sahara region, c4000 BC.

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The IPCC says a chance of catastrophic AGW; a majority ofpeople believe it.

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As the figures show: a small minority of the young  - all FITH conservatives who reject the IPCC reports.