[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @malcolm_reavell Malcolm Reavell @auchentrachle.bsky.social Malcolm Reavell @auchentrachle.bsky.social posts on X about money, debt, fiat, bank the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXXX engagements in the last XX hours. ### Engagements: XXXXXX [#](/creator/twitter::709146848397807616/interactions)  - X Week XXXXXXX +162% - X Month XXXXXXX +0.42% - X Months XXXXXXX +823% - X Year XXXXXXX -XX% ### Mentions: XX [#](/creator/twitter::709146848397807616/posts_active)  - X Week XXX -XX% - X Month XXX +254% - X Months XXX +432% - X Year XXX -XX% ### Followers: XXXXX [#](/creator/twitter::709146848397807616/followers)  - X Week XXXXX +0.82% - X Month XXXXX +3.80% - X Months XXXXX +11% - X Year XXXXX +9.80% ### CreatorRank: XXXXXXX [#](/creator/twitter::709146848397807616/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) #2844 [automotive brands](/list/automotive-brands) XXXX% [countries](/list/countries) XXXX% [currencies](/list/currencies) XXXX% [cryptocurrencies](/list/cryptocurrencies) XXXX% **Social topic influence** [money](/topic/money) #979, [debt](/topic/debt) #46, [fiat](/topic/fiat) #205, [bank](/topic/bank) #2171, [if you](/topic/if-you) 5.77%, [bank of](/topic/bank-of) #194, [zimbabwe](/topic/zimbabwe) #176, [forex](/topic/forex) #1029, [inflation](/topic/inflation) #37, [handy](/topic/handy) #66 **Top accounts mentioned or mentioned by** [@pomerlma](/creator/undefined) [@evancull](/creator/undefined) [@moving_charlie](/creator/undefined) [@harry__politics](/creator/undefined) [@paulwhitefa](/creator/undefined) [@cashdoesntlie](/creator/undefined) [@gablodian](/creator/undefined) [@jlrizzoii](/creator/undefined) [@tonyvolpon](/creator/undefined) [@muumoot](/creator/undefined) [@adflaz](/creator/undefined) [@shnozzmoana](/creator/undefined) [@camdenjon](/creator/undefined) [@lufook](/creator/undefined) [@kingbingo](/creator/undefined) [@buckcllr](/creator/undefined) [@profciner](/creator/undefined) [@movingcharlie](/creator/undefined) [@watchingferries](/creator/undefined) [@cbdontsurf](/creator/undefined) **Top assets mentioned** [Bitcoin (BTC)](/topic/bitcoin) ### Top Social Posts Top posts by engagements in the last XX hours "MMT is an accurate description of the money system. It proves taxpayer money is a lie that privatisation and austerity are unnecessary. It proves unemployment poverty homelessness are all policy choices not sad but unavoidable consequences beyond our control" [X Link](https://x.com/malcolm_reavell/status/1995760273110569408) 2025-12-02T07:41Z 3459 followers, 9502 engagements "@SusPotatoLord Yes foreign denominated debt is real debt and a country css as n be forced to default. But not on its own sovereign debt in the fiat currency of which it is the monopoly issuer. You cant force the UK to default on its debt" [X Link](https://x.com/malcolm_reavell/status/1998325742715695107) 2025-12-09T09:35Z 3459 followers, XXX engagements "@RuariJM The govt via the Bank of England does set the interest rate. International markets deal currency. The bond market deals bonds. The UK bond market is controlled by the UK govt. The govt doesnt need markets; markets need bonds" [X Link](https://x.com/malcolm_reavell/status/1998345014317916522) 2025-12-09T10:52Z 3459 followers, XXX engagements "@lufook All govt spending exceeds tax revenue. It must by accounting convention. If the private sector remains in surplus the govt spending must always be in deficit. The govt deficit matches the private sector surplus to the penny" [X Link](https://x.com/malcolm_reavell/status/1998334386723246321) 2025-12-09T10:10Z 3459 followers, XX engagements "@shnozzmoana I was there. I remember. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end" [X Link](https://x.com/malcolm_reavell/status/1998362466036949031) 2025-12-09T12:01Z 3459 followers, XX engagements "@shnozzmoana @grok Yes it was. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end" [X Link](https://x.com/malcolm_reavell/status/1998368180016996798) 2025-12-09T12:24Z 3459 followers, XX engagements "This is just pathetic nonsense. The UK cant run out of it issues it can never go bust. Ever. The people saying that a currency issuing monetary sovereign faces bankruptcy need to be re-educated and stop believing in idiotic lies about money" [X Link](https://x.com/malcolm_reavell/status/1998064522800586856) 2025-12-08T16:17Z 3459 followers, 90.6K engagements "@Kingbingo_ Im just describing the money system we use today and have been for the last XX years. All Im saying is we can always pay our debts and will never run out of . You seem to suggest some sort of profligacy that is entirely of your own imagining" [X Link](https://x.com/malcolm_reavell/status/1998174730772431138) 2025-12-08T23:35Z 3458 followers, 2439 engagements "@modesthominid Jeez read what I said. The UK can always pay its debts. It can never run out of . It can never go bust. I didnt say anything about spending or constraints on spending. Just about its ability to pay its debts" [X Link](https://x.com/malcolm_reavell/status/1998220715636687101) 2025-12-09T02:38Z 3458 followers, XXX engagements "@TheRewiredPod Really Better tell the Bank of England then because legally they are required to honour any payment authorised by parliament regardless of the balance on the Consolidated Fund. HMgov is a currency issuer. It can never run out of " [X Link](https://x.com/malcolm_reavell/status/1998323220206834002) 2025-12-09T09:25Z 3458 followers, XX engagements "@lufook The Bank of England is a wholly owned subsidiary of the treasury. It cant decide monetary policy it cant refuse to honour a govt cheque and it cant do anything govt doesnt allow it to do" [X Link](https://x.com/malcolm_reavell/status/1998334826059911646) 2025-12-09T10:12Z 3458 followers, XX engagements "@NameInteger All govt spending is money creation. Its how a currency issuer spends. If the UK sells a bond the to buy that bond have already been spent into the economy. When the bond is redeemed the bondholder is returned their cash. Its an asset swap. No new money enters the economy" [X Link](https://x.com/malcolm_reavell/status/1998340149940220006) 2025-12-09T10:33Z 3459 followers, 1082 engagements "@Unwokeph @Andrew_W_Stout Says a guy with bitcoin in his title" [X Link](https://x.com/malcolm_reavell/status/1998377708783636939) 2025-12-09T13:02Z 3458 followers, X engagements "@BuckCllr The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things" [X Link](https://x.com/malcolm_reavell/status/1998383034979201390) 2025-12-09T13:23Z 3459 followers, XXX engagements "@ProfCiner Neither the fed nor the BoE is privately owned. No govt would allow a private company to issue its currency. The BoE is a wholly owned subsidiary department of the treasury" [X Link](https://x.com/malcolm_reavell/status/1998106836935864553) 2025-12-08T19:06Z 3459 followers, XXX engagements "@jiriknesl So does the country issue or does it borrow Make up your mind. If the UK can print which you admit it can you need to explain why it borrows that which it can create free of charge. Hmm" [X Link](https://x.com/malcolm_reavell/status/1998131263358804237) 2025-12-08T20:43Z 3458 followers, XXX engagements "@paulwhitefa I dont necessarily know more than you. But I do know how govt spending and borrowing work. Heres a paper that gives the basics. This has been presented to the Bank of England with no rebuttal" [X Link](https://x.com/malcolm_reavell/status/1998319135885848720) 2025-12-09T09:09Z 3458 followers, XX engagements "@TeagueRoger Weimar. Strikes collapse of production foreign denominated debt. These are the causes of the price rise. Only then did the amount of money increase" [X Link](https://x.com/malcolm_reavell/status/1998340936393195620) 2025-12-09T10:36Z 3458 followers, XX engagements "@NameInteger As Hyman Minsky said anyone can create money the difficulty is getting someone to accept it. The value is what you can exchange it for. The ultimate value driver of a fiat currency is the fact that the issuer will accept it in payment of tax. Or you face penalties" [X Link](https://x.com/malcolm_reavell/status/1998344411785109780) 2025-12-09T10:50Z 3459 followers, XXX engagements "@McBarke The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things" [X Link](https://x.com/malcolm_reavell/status/1998352094458151121) 2025-12-09T11:20Z 3458 followers, XXX engagements "@Veteran_USAF The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things" [X Link](https://x.com/malcolm_reavell/status/1998382579439865940) 2025-12-09T13:21Z 3458 followers, XX engagements "I have had to block so many people today. One post pointing out the stupidity of the UK will go bankrupt and I seem to have attracted a million trolls all screaming Zimbabwe I despair at the state of humanity" [X Link](https://x.com/malcolm_reavell/status/1998385076380287419) 2025-12-09T13:31Z 3459 followers, 1954 engagements "🤣🤣🤣. Government can always discipline the markets. It doesnt need to sell bonds it chooses the interest rate and if markets misbehave govt has infinite firepower to put markets in their place. Rich people only have power if we let them @afneil" [X Link](https://x.com/malcolm_reavell/status/1992898867357000092) 2025-11-24T10:11Z 3458 followers, 44.2K engagements "Funny thing though @K_Niemietz although you dont understand MMT your organisations head of education understands it and knows its a perfectly correct understanding of the money system. If you just dont like it say so dont make ignorant baseless insults" [X Link](https://x.com/malcolm_reavell/status/1994471713027866753) 2025-11-28T18:21Z 3445 followers, 2927 engagements "We need the electorate to learn MMT. It exposes their lies and abuse of the money system. MMT wont change things on its own but if Grace wants to see change the progressive movement needs weapons. You cant beat your enemy on their own turf. MMT brings the fight into our turf" [X Link](https://x.com/malcolm_reavell/status/1995610143883755945) 2025-12-01T21:45Z 3444 followers, 4952 engagements "@moving_charlie Pension funds are the secondary market. Please describe the primary market of bond trade. Where do the GEMMs (Gilt Edge Market Makers) get the money to buy bonds on initial release" [X Link](https://x.com/malcolm_reavell/status/1995791284460519682) 2025-12-02T09:44Z 3445 followers, XXX engagements "Anyone talking nonsense economics based on no more than popular myth and opinion is the real zombie. MMT is a XXX% accurate description of the money system we use. If you think it's just "money printing" you don't know MMT and aren't qualified to criticise" [X Link](https://x.com/malcolm_reavell/status/1995829425401733298) 2025-12-02T12:16Z 3444 followers, 3335 engagements "A currency is a unit of measure. Money is a measure of a quantity of currency. Eg; XX is ten units of the currency called . Money is like Joules not the energy itself but the units that measure it" [X Link](https://x.com/malcolm_reavell/status/1996916704321081706) 2025-12-05T12:16Z 3443 followers, 3057 engagements "@RenaudAdorno A unit of measure doesnt change or it ceases to be useful as a unit of measure. $X will always be worth $X. X may be worth X or X but thats foreign exchange where money ceases to be currency and becomes a commodity" [X Link](https://x.com/malcolm_reavell/status/1996937840178192488) 2025-12-05T13:40Z 3445 followers, XXX engagements "@Mishi_Mo What Im describing is not nee or different. All Im proposing is we carry on with the same system we use every day of govt spending but spend for the public purpose. No inflation no depreciation just sensible public purpose and inward investment. Thats all" [X Link](https://x.com/malcolm_reavell/status/1998125981215969774) 2025-12-08T20:22Z 3457 followers, XXX engagements "@Muumoot Exactly" [X Link](https://x.com/malcolm_reavell/status/1998129552984613047) 2025-12-08T20:36Z 3458 followers, 1073 engagements "@mparker1307 @Muumoot The sale of sovereign govt bonds is always in the sovereign currency. If you want to use a foreign currency you have to find someone to swap it first" [X Link](https://x.com/malcolm_reavell/status/1998133950271902148) 2025-12-08T20:53Z 3451 followers, XX engagements "@paulwhitefa Thats a commonly held myth. Bonds are not a borrowing exercise. They serve several other purposes but funding govt spending is not one" [X Link](https://x.com/malcolm_reavell/status/1998155867506852241) 2025-12-08T22:20Z 3458 followers, XXX engagements "@CashdoesntLIE I dont know the details. They had a currency peg and foreign debt on which they could be forced to default. But basically their sovereign debt default was voluntary. It may have been done to protect the exchange rate or for fear of inflation" [X Link](https://x.com/malcolm_reavell/status/1998164442853581026) 2025-12-08T22:55Z 3459 followers, XXX engagements "@CashdoesntLIE The reasons are crucially important. Fact: a currency issuer with its own free floating non- convertible fiat currency can always pay its debts. Fact: a countrys sovereign debt in such currency is non-defaultable by force" [X Link](https://x.com/malcolm_reavell/status/1998168843949359539) 2025-12-08T23:12Z 3451 followers, XXX engagements "@CashdoesntLIE Fact: countries with convertibility exchange rate pegs or foreign denominated debt can face financial constraint. They either end convertibility float the currency or default on foreign denominated debt. But debts in a free floating sovereign fiat currency can always be paid" [X Link](https://x.com/malcolm_reavell/status/1998169711058751648) 2025-12-08T23:15Z 3448 followers, XX engagements "@paulwhitefa A racing car driver might be able to drive fast but he doesnt necessarily know how the engine works. Ive learned from economists and a banker/hedge fund manager who has advised governments and made a fortune using his understanding of the money system which I use" [X Link](https://x.com/malcolm_reavell/status/1998170641657438396) 2025-12-08T23:19Z 3453 followers, XX engagements "@cbdontsurf @paulwhitefa Debasement only applies to metal currency. Devaluation only applies to convertible currencies. The whole world uses fiat currency. Depreciation of the has been going on for over a century" [X Link](https://x.com/malcolm_reavell/status/1998171296035950754) 2025-12-08T23:22Z 3458 followers, XX engagements "@CashdoesntLIE It could have paid all its rubles debt because it issues a fiat currency. But it had pegged its exchange rate which needed foreign reserves to support. It also borrowed foreign currency. These are real debts. I dont know why it chose to default the fact is it didnt need to" [X Link](https://x.com/malcolm_reavell/status/1998172350068724064) 2025-12-08T23:26Z 3451 followers, XX engagements "@Kingbingo_ So what. Japan. Debt:GDP ids 250%. No problem. And the bank of Japan owns half its own debt" [X Link](https://x.com/malcolm_reavell/status/1998178584188662257) 2025-12-08T23:51Z 3457 followers, XXX engagements "@CaratacusNick If you look at the examplesReichsmarks Zimbabwe $ Bolivar etc the failure was not because the currency was fiat but because the economy was mismanaged. The whole world uses fiat currency now. Only bad policy choices cause currency failure" [X Link](https://x.com/malcolm_reavell/status/1998185730804506975) 2025-12-09T00:19Z 3452 followers, XX engagements "@Incitatus_MP @Muumoot So how is a fiat currency worth anything in the first place Its a fiat currency its just a government issued IOU" [X Link](https://x.com/malcolm_reavell/status/1998186129095643471) 2025-12-09T00:21Z 3456 followers, XX engagements "@dickietunnel I just said we can always pay our debts. What did you imagine I said" [X Link](https://x.com/malcolm_reavell/status/1998188992421056703) 2025-12-09T00:32Z 3458 followers, XXX engagements "@Incitatus_MP @adflaz @Muumoot Borrowing is a hangover from the gold standard. If gov wanted to spend more than it had gold reserves it could borrow back some of the it previously spent. The same happens today but theres no gold constraint. Its purely a policy choice" [X Link](https://x.com/malcolm_reavell/status/1998197270660161665) 2025-12-09T01:05Z 3458 followers, XX engagements "@Robert_A_Hahn Greece is not a monetary sovereign. It doesnt issue the Euro and the EU Commission and ECB imposed those conditions. Greece should never have given up its own currency" [X Link](https://x.com/malcolm_reavell/status/1998211208110043540) 2025-12-09T02:00Z 3459 followers, XXX engagements "@adflaz @Incitatus_MP @Muumoot That is pure gibberish" [X Link](https://x.com/malcolm_reavell/status/1998217979650244995) 2025-12-09T02:27Z 3448 followers, X engagements "@IamKarnak I have two magic wands. If you wave one you will clear the national debt. If you wave the other you will erase everyones savings pensions bank accounts wipe out the net financial surplus in the economy. Which one will you choose" [X Link](https://x.com/malcolm_reavell/status/1998224954605641817) 2025-12-09T02:55Z 3458 followers, XX engagements "@ei_conquistador The UK will never involuntarily go bust" [X Link](https://x.com/malcolm_reavell/status/1998225591880069378) 2025-12-09T02:58Z 3458 followers, XXX engagements "@CeciliaGlennon False. The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things" [X Link](https://x.com/malcolm_reavell/status/1998228033204031740) 2025-12-09T03:07Z 3458 followers, XXX engagements "@ei_conquistador They dont inflate the debt. The post is about bankruptcy. The UK cant be made bankrupt in its own currency" [X Link](https://x.com/malcolm_reavell/status/1998228569793990975) 2025-12-09T03:09Z 3452 followers, XX engagements "@gablodian @Kingbingo_" [X Link](https://x.com/malcolm_reavell/status/1998319420079300945) 2025-12-09T09:10Z 3458 followers, X engagements "@Politax3 @samziz @ReformUKWaveney @StevenHailAus Foreign exchange represents the price of a currency in another currency. Prices vary. A debt of X or $1will always be X or $X. If I owe you $XX and I pay you $XX thats the debt cleared regardless of whether $XX is worth XX or 100" [X Link](https://x.com/malcolm_reavell/status/1998330590924349527) 2025-12-09T09:55Z 3457 followers, XX engagements "@shnozzmoana I was there. I remember. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end" [X Link](https://x.com/malcolm_reavell/status/1998331499708305623) 2025-12-09T09:58Z 3458 followers, XXX engagements "@TeagueRoger Zimbabwe: collapse of food production. Food & energy scarcity import dependency foreign debt. Prices increase. Then more money was needed to pay higher prices caused by cost increase and currency depreciation" [X Link](https://x.com/malcolm_reavell/status/1998341439516721366) 2025-12-09T10:38Z 3458 followers, XX engagements "@fantasticzoomer 🤦♂" [X Link](https://x.com/malcolm_reavell/status/1998356735849795749) 2025-12-09T11:39Z 3457 followers, XXX engagements "@OptimalCynic @fantasticzoomer No they mostly say Zimbabwe Money printing or hyperinflation. which is not what the OP said. It said the UK could go bankrupt. Ie run out of and go bust. Im merely saying that is demonstrably false and has nothing to do with spending or the limits to govt spending" [X Link](https://x.com/malcolm_reavell/status/1998361275454349517) 2025-12-09T11:57Z 3458 followers, XX engagements "@Kalami001 @jamespriceglos @K_Niemietz 🤦♂" [X Link](https://x.com/malcolm_reavell/status/1998370548569768441) 2025-12-09T12:34Z 3458 followers, XX engagements "@sourmash71 The UK didnt *need* a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end" [X Link](https://x.com/malcolm_reavell/status/1998370740811526518) 2025-12-09T12:34Z 3459 followers, XX engagements "@MichaelEzra Russia had a currency peg and foreign denominated debt. Bad economic choices. It defaulted on its Ruble debt by choice for political reasons not because it didnt have any rubles" [X Link](https://x.com/malcolm_reavell/status/1998373009766367730) 2025-12-09T12:43Z 3457 followers, XX engagements "@bk1022 @DrZen1 They didnt owe Sri Lankan currency debt Sri Lanka borrowed $. People wanted $" [X Link](https://x.com/malcolm_reavell/status/1998376306954924365) 2025-12-09T12:56Z 3457 followers, X engagements "@tonywestonuk But Zimbabwe 🤣🤣🤣 Sorry I couldnt resist" [X Link](https://x.com/malcolm_reavell/status/1998409033078698131) 2025-12-09T15:06Z 3458 followers, XX engagements "@ccityplanner12 Taxes serve several purposes. Funding government spending is not one of them" [X Link](https://x.com/malcolm_reavell/status/1998413527246413945) 2025-12-09T15:24Z 3458 followers, X engagements "@Calavera437" [X Link](https://x.com/malcolm_reavell/status/1998135886190465532) 2025-12-08T21:01Z 3458 followers, XXX engagements "@ianjb1988 How does that happen And I never said anything about printing or as much as they want. If a country sells bonds the money used to buy those bonds has already been created by govt and spent. And it doesnt cause inflation because buying bonds is saving not spending" [X Link](https://x.com/malcolm_reavell/status/1998167945374245039) 2025-12-08T23:08Z 3458 followers, XXX engagements "@Djevans71 The UK can never go bankrupt. It issues a free-floating fiat currency. It can never run out or go bust. Ever. But please dont assume Im saying we can all be millionaires all Im saying is we can always pay our debts" [X Link](https://x.com/malcolm_reavell/status/1998183000090312793) 2025-12-09T00:08Z 3458 followers, XXX engagements "@artmarkham @cobaco123 No the whole S/D curve theory relies on an assumed equilibrium which doesnt exist. The economy is never in equilibrium. Everything fluctuates all the time" [X Link](https://x.com/malcolm_reavell/status/1998430468962922767) 2025-12-09T16:32Z 3458 followers, XX engagements "@periodicaudio @klauskinski79 Grok knows nothing if it sees a bunch of papers or Reddit posts it just uses them. It doesnt look for truth just consensus. You have to do some research" [X Link](https://x.com/malcolm_reavell/status/1998539601368043898) 2025-12-09T23:45Z 3458 followers, XX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@malcolm_reavell Malcolm Reavell @auchentrachle.bsky.socialMalcolm Reavell @auchentrachle.bsky.social posts on X about money, debt, fiat, bank the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXXX engagements in the last XX hours.
Social category influence finance #2844 automotive brands XXXX% countries XXXX% currencies XXXX% cryptocurrencies XXXX%
Social topic influence money #979, debt #46, fiat #205, bank #2171, if you 5.77%, bank of #194, zimbabwe #176, forex #1029, inflation #37, handy #66
Top accounts mentioned or mentioned by @pomerlma @evancull @moving_charlie @harry__politics @paulwhitefa @cashdoesntlie @gablodian @jlrizzoii @tonyvolpon @muumoot @adflaz @shnozzmoana @camdenjon @lufook @kingbingo @buckcllr @profciner @movingcharlie @watchingferries @cbdontsurf
Top assets mentioned Bitcoin (BTC)
Top posts by engagements in the last XX hours
"MMT is an accurate description of the money system. It proves taxpayer money is a lie that privatisation and austerity are unnecessary. It proves unemployment poverty homelessness are all policy choices not sad but unavoidable consequences beyond our control"
X Link 2025-12-02T07:41Z 3459 followers, 9502 engagements
"@SusPotatoLord Yes foreign denominated debt is real debt and a country css as n be forced to default. But not on its own sovereign debt in the fiat currency of which it is the monopoly issuer. You cant force the UK to default on its debt"
X Link 2025-12-09T09:35Z 3459 followers, XXX engagements
"@RuariJM The govt via the Bank of England does set the interest rate. International markets deal currency. The bond market deals bonds. The UK bond market is controlled by the UK govt. The govt doesnt need markets; markets need bonds"
X Link 2025-12-09T10:52Z 3459 followers, XXX engagements
"@lufook All govt spending exceeds tax revenue. It must by accounting convention. If the private sector remains in surplus the govt spending must always be in deficit. The govt deficit matches the private sector surplus to the penny"
X Link 2025-12-09T10:10Z 3459 followers, XX engagements
"@shnozzmoana I was there. I remember. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end"
X Link 2025-12-09T12:01Z 3459 followers, XX engagements
"@shnozzmoana @grok Yes it was. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end"
X Link 2025-12-09T12:24Z 3459 followers, XX engagements
"This is just pathetic nonsense. The UK cant run out of it issues it can never go bust. Ever. The people saying that a currency issuing monetary sovereign faces bankruptcy need to be re-educated and stop believing in idiotic lies about money"
X Link 2025-12-08T16:17Z 3459 followers, 90.6K engagements
"@Kingbingo_ Im just describing the money system we use today and have been for the last XX years. All Im saying is we can always pay our debts and will never run out of . You seem to suggest some sort of profligacy that is entirely of your own imagining"
X Link 2025-12-08T23:35Z 3458 followers, 2439 engagements
"@modesthominid Jeez read what I said. The UK can always pay its debts. It can never run out of . It can never go bust. I didnt say anything about spending or constraints on spending. Just about its ability to pay its debts"
X Link 2025-12-09T02:38Z 3458 followers, XXX engagements
"@TheRewiredPod Really Better tell the Bank of England then because legally they are required to honour any payment authorised by parliament regardless of the balance on the Consolidated Fund. HMgov is a currency issuer. It can never run out of "
X Link 2025-12-09T09:25Z 3458 followers, XX engagements
"@lufook The Bank of England is a wholly owned subsidiary of the treasury. It cant decide monetary policy it cant refuse to honour a govt cheque and it cant do anything govt doesnt allow it to do"
X Link 2025-12-09T10:12Z 3458 followers, XX engagements
"@NameInteger All govt spending is money creation. Its how a currency issuer spends. If the UK sells a bond the to buy that bond have already been spent into the economy. When the bond is redeemed the bondholder is returned their cash. Its an asset swap. No new money enters the economy"
X Link 2025-12-09T10:33Z 3459 followers, 1082 engagements
"@Unwokeph @Andrew_W_Stout Says a guy with bitcoin in his title"
X Link 2025-12-09T13:02Z 3458 followers, X engagements
"@BuckCllr The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things"
X Link 2025-12-09T13:23Z 3459 followers, XXX engagements
"@ProfCiner Neither the fed nor the BoE is privately owned. No govt would allow a private company to issue its currency. The BoE is a wholly owned subsidiary department of the treasury"
X Link 2025-12-08T19:06Z 3459 followers, XXX engagements
"@jiriknesl So does the country issue or does it borrow Make up your mind. If the UK can print which you admit it can you need to explain why it borrows that which it can create free of charge. Hmm"
X Link 2025-12-08T20:43Z 3458 followers, XXX engagements
"@paulwhitefa I dont necessarily know more than you. But I do know how govt spending and borrowing work. Heres a paper that gives the basics. This has been presented to the Bank of England with no rebuttal"
X Link 2025-12-09T09:09Z 3458 followers, XX engagements
"@TeagueRoger Weimar. Strikes collapse of production foreign denominated debt. These are the causes of the price rise. Only then did the amount of money increase"
X Link 2025-12-09T10:36Z 3458 followers, XX engagements
"@NameInteger As Hyman Minsky said anyone can create money the difficulty is getting someone to accept it. The value is what you can exchange it for. The ultimate value driver of a fiat currency is the fact that the issuer will accept it in payment of tax. Or you face penalties"
X Link 2025-12-09T10:50Z 3459 followers, XXX engagements
"@McBarke The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things"
X Link 2025-12-09T11:20Z 3458 followers, XXX engagements
"@Veteran_USAF The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things"
X Link 2025-12-09T13:21Z 3458 followers, XX engagements
"I have had to block so many people today. One post pointing out the stupidity of the UK will go bankrupt and I seem to have attracted a million trolls all screaming Zimbabwe I despair at the state of humanity"
X Link 2025-12-09T13:31Z 3459 followers, 1954 engagements
"🤣🤣🤣. Government can always discipline the markets. It doesnt need to sell bonds it chooses the interest rate and if markets misbehave govt has infinite firepower to put markets in their place. Rich people only have power if we let them @afneil"
X Link 2025-11-24T10:11Z 3458 followers, 44.2K engagements
"Funny thing though @K_Niemietz although you dont understand MMT your organisations head of education understands it and knows its a perfectly correct understanding of the money system. If you just dont like it say so dont make ignorant baseless insults"
X Link 2025-11-28T18:21Z 3445 followers, 2927 engagements
"We need the electorate to learn MMT. It exposes their lies and abuse of the money system. MMT wont change things on its own but if Grace wants to see change the progressive movement needs weapons. You cant beat your enemy on their own turf. MMT brings the fight into our turf"
X Link 2025-12-01T21:45Z 3444 followers, 4952 engagements
"@moving_charlie Pension funds are the secondary market. Please describe the primary market of bond trade. Where do the GEMMs (Gilt Edge Market Makers) get the money to buy bonds on initial release"
X Link 2025-12-02T09:44Z 3445 followers, XXX engagements
"Anyone talking nonsense economics based on no more than popular myth and opinion is the real zombie. MMT is a XXX% accurate description of the money system we use. If you think it's just "money printing" you don't know MMT and aren't qualified to criticise"
X Link 2025-12-02T12:16Z 3444 followers, 3335 engagements
"A currency is a unit of measure. Money is a measure of a quantity of currency. Eg; XX is ten units of the currency called . Money is like Joules not the energy itself but the units that measure it"
X Link 2025-12-05T12:16Z 3443 followers, 3057 engagements
"@RenaudAdorno A unit of measure doesnt change or it ceases to be useful as a unit of measure. $X will always be worth $X. X may be worth X or X but thats foreign exchange where money ceases to be currency and becomes a commodity"
X Link 2025-12-05T13:40Z 3445 followers, XXX engagements
"@Mishi_Mo What Im describing is not nee or different. All Im proposing is we carry on with the same system we use every day of govt spending but spend for the public purpose. No inflation no depreciation just sensible public purpose and inward investment. Thats all"
X Link 2025-12-08T20:22Z 3457 followers, XXX engagements
"@Muumoot Exactly"
X Link 2025-12-08T20:36Z 3458 followers, 1073 engagements
"@mparker1307 @Muumoot The sale of sovereign govt bonds is always in the sovereign currency. If you want to use a foreign currency you have to find someone to swap it first"
X Link 2025-12-08T20:53Z 3451 followers, XX engagements
"@paulwhitefa Thats a commonly held myth. Bonds are not a borrowing exercise. They serve several other purposes but funding govt spending is not one"
X Link 2025-12-08T22:20Z 3458 followers, XXX engagements
"@CashdoesntLIE I dont know the details. They had a currency peg and foreign debt on which they could be forced to default. But basically their sovereign debt default was voluntary. It may have been done to protect the exchange rate or for fear of inflation"
X Link 2025-12-08T22:55Z 3459 followers, XXX engagements
"@CashdoesntLIE The reasons are crucially important. Fact: a currency issuer with its own free floating non- convertible fiat currency can always pay its debts. Fact: a countrys sovereign debt in such currency is non-defaultable by force"
X Link 2025-12-08T23:12Z 3451 followers, XXX engagements
"@CashdoesntLIE Fact: countries with convertibility exchange rate pegs or foreign denominated debt can face financial constraint. They either end convertibility float the currency or default on foreign denominated debt. But debts in a free floating sovereign fiat currency can always be paid"
X Link 2025-12-08T23:15Z 3448 followers, XX engagements
"@paulwhitefa A racing car driver might be able to drive fast but he doesnt necessarily know how the engine works. Ive learned from economists and a banker/hedge fund manager who has advised governments and made a fortune using his understanding of the money system which I use"
X Link 2025-12-08T23:19Z 3453 followers, XX engagements
"@cbdontsurf @paulwhitefa Debasement only applies to metal currency. Devaluation only applies to convertible currencies. The whole world uses fiat currency. Depreciation of the has been going on for over a century"
X Link 2025-12-08T23:22Z 3458 followers, XX engagements
"@CashdoesntLIE It could have paid all its rubles debt because it issues a fiat currency. But it had pegged its exchange rate which needed foreign reserves to support. It also borrowed foreign currency. These are real debts. I dont know why it chose to default the fact is it didnt need to"
X Link 2025-12-08T23:26Z 3451 followers, XX engagements
"@Kingbingo_ So what. Japan. Debt:GDP ids 250%. No problem. And the bank of Japan owns half its own debt"
X Link 2025-12-08T23:51Z 3457 followers, XXX engagements
"@CaratacusNick If you look at the examplesReichsmarks Zimbabwe $ Bolivar etc the failure was not because the currency was fiat but because the economy was mismanaged. The whole world uses fiat currency now. Only bad policy choices cause currency failure"
X Link 2025-12-09T00:19Z 3452 followers, XX engagements
"@Incitatus_MP @Muumoot So how is a fiat currency worth anything in the first place Its a fiat currency its just a government issued IOU"
X Link 2025-12-09T00:21Z 3456 followers, XX engagements
"@dickietunnel I just said we can always pay our debts. What did you imagine I said"
X Link 2025-12-09T00:32Z 3458 followers, XXX engagements
"@Incitatus_MP @adflaz @Muumoot Borrowing is a hangover from the gold standard. If gov wanted to spend more than it had gold reserves it could borrow back some of the it previously spent. The same happens today but theres no gold constraint. Its purely a policy choice"
X Link 2025-12-09T01:05Z 3458 followers, XX engagements
"@Robert_A_Hahn Greece is not a monetary sovereign. It doesnt issue the Euro and the EU Commission and ECB imposed those conditions. Greece should never have given up its own currency"
X Link 2025-12-09T02:00Z 3459 followers, XXX engagements
"@adflaz @Incitatus_MP @Muumoot That is pure gibberish"
X Link 2025-12-09T02:27Z 3448 followers, X engagements
"@IamKarnak I have two magic wands. If you wave one you will clear the national debt. If you wave the other you will erase everyones savings pensions bank accounts wipe out the net financial surplus in the economy. Which one will you choose"
X Link 2025-12-09T02:55Z 3458 followers, XX engagements
"@ei_conquistador The UK will never involuntarily go bust"
X Link 2025-12-09T02:58Z 3458 followers, XXX engagements
"@CeciliaGlennon False. The value of each is relative to what you can exchange it for not to how many there are. If the lose their value when they become more numerous it's because whoever has the things you want to buy asks for more instead of producing more things"
X Link 2025-12-09T03:07Z 3458 followers, XXX engagements
"@ei_conquistador They dont inflate the debt. The post is about bankruptcy. The UK cant be made bankrupt in its own currency"
X Link 2025-12-09T03:09Z 3452 followers, XX engagements
"@gablodian @Kingbingo_"
X Link 2025-12-09T09:10Z 3458 followers, X engagements
"@Politax3 @samziz @ReformUKWaveney @StevenHailAus Foreign exchange represents the price of a currency in another currency. Prices vary. A debt of X or $1will always be X or $X. If I owe you $XX and I pay you $XX thats the debt cleared regardless of whether $XX is worth XX or 100"
X Link 2025-12-09T09:55Z 3457 followers, XX engagements
"@shnozzmoana I was there. I remember. The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end"
X Link 2025-12-09T09:58Z 3458 followers, XXX engagements
"@TeagueRoger Zimbabwe: collapse of food production. Food & energy scarcity import dependency foreign debt. Prices increase. Then more money was needed to pay higher prices caused by cost increase and currency depreciation"
X Link 2025-12-09T10:38Z 3458 followers, XX engagements
"@fantasticzoomer 🤦♂"
X Link 2025-12-09T11:39Z 3457 followers, XXX engagements
"@OptimalCynic @fantasticzoomer No they mostly say Zimbabwe Money printing or hyperinflation. which is not what the OP said. It said the UK could go bankrupt. Ie run out of and go bust. Im merely saying that is demonstrably false and has nothing to do with spending or the limits to govt spending"
X Link 2025-12-09T11:57Z 3458 followers, XX engagements
"@Kalami001 @jamespriceglos @K_Niemietz 🤦♂"
X Link 2025-12-09T12:34Z 3458 followers, XX engagements
"@sourmash71 The UK didnt need a IMF loan. It was a US $ loan intended to support the in forex. A waste of time a vanity project. It was not needed for domestic spending it was hardly used and Thatcher paid it all back shortly after being elected. The end"
X Link 2025-12-09T12:34Z 3459 followers, XX engagements
"@MichaelEzra Russia had a currency peg and foreign denominated debt. Bad economic choices. It defaulted on its Ruble debt by choice for political reasons not because it didnt have any rubles"
X Link 2025-12-09T12:43Z 3457 followers, XX engagements
"@bk1022 @DrZen1 They didnt owe Sri Lankan currency debt Sri Lanka borrowed $. People wanted $"
X Link 2025-12-09T12:56Z 3457 followers, X engagements
"@tonywestonuk But Zimbabwe 🤣🤣🤣 Sorry I couldnt resist"
X Link 2025-12-09T15:06Z 3458 followers, XX engagements
"@ccityplanner12 Taxes serve several purposes. Funding government spending is not one of them"
X Link 2025-12-09T15:24Z 3458 followers, X engagements
"@Calavera437"
X Link 2025-12-08T21:01Z 3458 followers, XXX engagements
"@ianjb1988 How does that happen And I never said anything about printing or as much as they want. If a country sells bonds the money used to buy those bonds has already been created by govt and spent. And it doesnt cause inflation because buying bonds is saving not spending"
X Link 2025-12-08T23:08Z 3458 followers, XXX engagements
"@Djevans71 The UK can never go bankrupt. It issues a free-floating fiat currency. It can never run out or go bust. Ever. But please dont assume Im saying we can all be millionaires all Im saying is we can always pay our debts"
X Link 2025-12-09T00:08Z 3458 followers, XXX engagements
"@artmarkham @cobaco123 No the whole S/D curve theory relies on an assumed equilibrium which doesnt exist. The economy is never in equilibrium. Everything fluctuates all the time"
X Link 2025-12-09T16:32Z 3458 followers, XX engagements
"@periodicaudio @klauskinski79 Grok knows nothing if it sees a bunch of papers or Reddit posts it just uses them. It doesnt look for truth just consensus. You have to do some research"
X Link 2025-12-09T23:45Z 3458 followers, XX engagements
/creator/twitter::malcolm_reavell