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@BuddyWells1
"The United States' net international investment position (NIIP) the difference between U.S. owned assets abroad and foreign-owned assets in the U.S. was $XXXXX trillion at the end of the second quarter of 2025 (June XX 2025). This reflects a net debtor position meaning U.S. liabilities exceed U.S. assets abroad. Despite this the U.S. benefits from positive net income on its international investments as returns on U.S. assets abroad often exceed those on foreign-held U.S. assets. Amazing that the US net owes the rest of the world $XX trillion and somehow still earns more in income from their"
X Link @BuddyWells1 2025-10-09T17:34Z 8950 followers, 1165 engagements
"Insane that with extreme unemployment extreme inequality and a shortage of essential services treasury and SARB have somehow managed to engineer a contraction in employment specifically by putting out of work people who deliver essential services to our poorest"
X Link @BuddyWells1 2025-10-04T09:55Z 8947 followers, 1327 engagements
"Now that regulations are more fair and XX teams from africa can qualify for each FIFA World Cup the chances of an African team lifting the World Cup in the future are much greater. When there were only X spots and less (earlier) the top XX African powerhouses could only compete at the World Cup on average once every X years. South Africa Egypt Nigeria Cameroon Senegal Algeria Morocco Tunisia Mali Cte d'Ivoire DRC Now these top teams can build continuity over successive world cups and more players will get exposure and call ups to the big club teams. Experience & confidence adds up"
X Link @BuddyWells1 2025-10-15T10:38Z 8952 followers, XXX engagements
"In essence South African inflation has been monopolised to benefit banks and other connected private sector oligopolies who through overcharging govt businesses and households (by capturing the state and policy) for loans energy services and goods are forcing up municipal rates taxes tariffs etc which in turn forces the rest of us either into bankruptcy unemployment or debt or into raising the prices we charge for the goods and services we sell just to break even"
X Link @BuddyWells1 2025-10-13T10:43Z 8949 followers, 1824 engagements
"Once you understand (a) that money is created by state spending and by loans issued by banks licensed by the state (b) that money is destroyed by settling of bank loans and tax obligations and that (c) as currency issuer the state sets the price level then it becomes clear that the real cost of corruption & state capture (policy enabling excessive shareholder profit & executive income/wealth) is inflation. Monetary sovereign nations with low levels of corruption & state capture can achieve full employment & less extreme inequality while enjoying low inflation. South Africas monetary policy"
X Link @BuddyWells1 2025-10-13T10:12Z 8951 followers, 11.9K engagements
"US public spending operations are different to South Africas. In SA central govt spends by running up an overdraft in its exchequer account at the SARB (creating new money) and govt draws down on its Tax & Loan accounts at banks to settle the overdraft at the end of each day (destroying money). The US model is different in that taxed money is used to fund the TGA which removes money from supply as money in govts account is not part of money supply. Govt spending from the TGA adds to money supply and taxed money is removed from supply. Describing the process above somehow makes me greedy and"
X Link @BuddyWells1 2025-10-14T21:00Z 8949 followers, XX engagements
"Unemployment is simply due to the choice by govt not to employ the unemployed. While inflation in SA is cost pushed & demand for our labour goods & services is too low (unemployment) the Rand issuing state can steadily increase employment at a rate that ensures a healthy amount of demand for goods and services (govt employees spend their wages on the goods and services the rest of us sell). A moderate amount of demand pull incentivises private sector investment & employment to profit from matching new demand with increased supply of goods and services. If govt focuses on employing & investing"
X Link @BuddyWells1 2025-10-13T11:39Z 8950 followers, XXX engagements
"Last year the SARB financed R100 billion of SA govt spending with new money not offset by tax or bond sales and since then inflation has dropped to historic lows and bond yields immediately dropped by 2%"
X Link @BuddyWells1 2025-10-14T12:48Z 8949 followers, XXX engagements
"The backward idea that South Africa a monetarily sovereign nation with its own central bank and sovereign currency relies on foreign capital to improve the lives of the South African people. South Africans currently have R225 trillion more offshore investment than foreign investors have in SA. And our govts forex reserves are more than double govts forex denominated debt"
X Link @BuddyWells1 2025-10-07T16:27Z 8950 followers, 5719 engagements
"The people who call MMT Magic Money Tree are the kinds of people who tend to believe in magic. Accounting realities are not for them. Real world economics is not for them. They would rather believe in fairytales like The Invisible Hand and free markets"
X Link @BuddyWells1 2025-10-15T04:36Z 8949 followers, X engagements
"Outsourcing strikes again. Eskoms own engineers warned that the turbines being built by hitachi were not suitable for SAn coal which was why Eskom previously built their own turbines. But the only way officials can channel money toward themselves & the ANCs chancellor house in this case was to outsource and overpay not just for turbines but for everything else"
X Link @BuddyWells1 2025-10-13T11:01Z 8950 followers, 4842 engagements
"The Social Credit System in China is being facilitated through private companies like WeChat is owned by Tencent. So why is it there so much fear mongering around Central Bank Digital Currency when private money supply has the same risks Private companies are already tracking and sharing our social media posts and spending behavior for profit. Is the hysteria to protect private company monopoly over money supply and information gathering"
X Link @BuddyWells1 2025-10-10T18:45Z 8950 followers, XXX engagements
"I wrote this article back in the day to bring attention to the unfair FIFA qualifying and ranking criteria which discriminated against African nations. Glad that the rules are a little more fair now but they do still favour European and South American Countries"
X Link @BuddyWells1 2025-10-15T10:47Z 8951 followers, XXX engagements
"Interesting that WeChat is owned by Tencent which is a private company (of which SAn company Naspers holds a large share) and that the Social Credit System in China is being facilitated through this private company. So why is it there so much fear mongering around Central Bank Digital Currency when private money supply has the same risks. Private companies are already tracking and sharing our social media posts and spending behavior for profit. Is the hysteria to protect private company monopoly over money supply and information gathering"
X Link @BuddyWells1 2025-10-07T16:17Z 8949 followers, 11.4K engagements
"Ok So why is the repo rate X% above inflation"
X Link @BuddyWells1 2025-10-13T12:42Z 8952 followers, 5734 engagements
"How is is this going to affect Dutch based Prosus and Naspers which owns a large share of Tencent and is headquartered in Amsterdam"
X Link @BuddyWells1 2025-10-13T06:41Z 8949 followers, XXX engagements
"There are around R9 trillion in SAn financial assets offshore: The SARB has XX% of its R12 trillion assets offshore reserves which ultimately belongs to Treasury by law. Private banks have a further R900 billion offshore. Unit trusts have R14 trillion offshore. The PIC has R700 billion offshore. Life insurers have R11 trillion offshore. Government pension funds have R690 billion offshore. Private pension funds have R12 trillion offshore. Thats a total of around R72 trillion SAn portfolio assets offshore. A portion of these assets listed as offshore are secondary listings on rhe JSE with"
X Link @BuddyWells1 2025-10-09T17:03Z 8950 followers, 2042 engagements