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Katie Cannon @katiecannon.bsky.social · 3m

@thejacksonite.bsky.social

Is trapped in a bubble that intentionally keeps repeating loanable funds theory to brainwash their followers

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Katie Cannon @katiecannon.bsky.social · 5m

Yep

Because of massive QE where Mr Market was predicting hyperinflation, central banks were forced to explain that banks don’t actually loan out reserves

lol

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Katie Cannon @katiecannon.bsky.social · 9m

I mean, Trump just wants to seize The Fed to do whatever he wants

But prior to Trump, that’s where things were moving

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Katie Cannon @katiecannon.bsky.social · 11m

⬆️

Versus punishing banks for utilizing The Fed as lender of last resort

Not there yet, but moving there

Like Canada, UK, Japan & most countries

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Katie Cannon @katiecannon.bsky.social · 12m

So what we have now is a system where banks are required to have a minimum amount of reserves on hand to clear payments

While also slowly creating a standing facility where The Fed provides overnight reserves if necessary

Basically

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Katie Cannon @katiecannon.bsky.social · 15m

You do not understand the difference between fiscal spend & tax policy

Versus monetary policy

And do not understand what reserves are or how banks work

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Katie Cannon @katiecannon.bsky.social · 17m

Regulate banks like the state agents that they are

Deregulating banks = Deregulating government

And our government should pay for our General Welfare when it creates our currency

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Katie Cannon @katiecannon.bsky.social · 18m

* loanable funds theory

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Katie Cannon @katiecannon.bsky.social · 20m

Neoliberalism: Loanable funds they

Actual real life reality: Banks create bank credit money out of thin air

Reserves are interbank payment clearing tools that never leave the banking sector

Reserves are how The Fed does par clearing

youtu.be/IONmEtphBwQ?...

What Is Par Clearing?

YouTube video by Deficit Owls

youtu.be

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Katie Cannon @katiecannon.bsky.social · 22m

This idiot still believes in the neoliberal lie that banks loan out reserves

Despite the fact that every central bank wrote papers debunking loanable funds theory years ago

And have periodically written more papers debunking loanable funds theory

Banks do NOT loan out reserves

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Katie Cannon @katiecannon.bsky.social · 33m

And you have been brainwashed by neoliberalism that Reagan introduced to the public

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Katie Cannon @katiecannon.bsky.social · 35m

This is NOT how our monetary system works.

And you’re too brainwashed to understand the basics

And you’re too lazy as well

The Fed does *monetary* policy

Congress does *fiscal* policy

You brain dead fool

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Katie Cannon @katiecannon.bsky.social · 40m

Trump: Let’s get rid of the administrative state & let banks & corporations do whatever they want

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Katie Cannon @katiecannon.bsky.social · 43m

lol.

The Fed clears all bank payments at par with the dollar

You want banks to be the central clearing house

lol

Par clearing:

youtu.be/IONmEtphBwQ?...

What Is Par Clearing?

YouTube video by Deficit Owls

youtu.be

Katie Cannon @katiecannon.bsky.social · 45m

The Fed acts as central clearing house for bank credit

You want banks to be their own clearing house for their own bank credit

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Katie Cannon @katiecannon.bsky.social · 46m

Reposted by Katie Cannon

Judd Legum @juddlegum.bsky.social · 52m

1. On Monday, Trump delivered a $70 million windfall to his billionaire buddy, John Paulson.

Paulson hosted the biggest fundraiser of Trump's 2024 campaign, raising over $50 million.

This week, Trump returned the favor.

Follow along for details.

Trump approves mining road, delivers $70 million windfall to MAGA billionaire

On April 6, 2024, a procession of Range Rovers, Aston Martins, and Bentleys rolled up to the Palm Beach mansion of billionaire John Paulson. The occasion was a glitzy fundraiser for Donald Trump’s…

popular.info

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Katie Cannon @katiecannon.bsky.social · 48m

I bought him a little electric police “motorcycle” thing

He had me buy stickers to turn it into a fireman’s motorcycle

lol

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Katie Cannon @katiecannon.bsky.social · 49m

My son wanted to be a fireman too.

He had 0 interest in being a policeman

Interesting observation that I really didn’t think about at the time

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Reposted by Katie Cannon

The Tennessee Holler @thetnholler.bsky.social · 1h

Gov. Pritzker after Trump calls for him to be jailed: “I will not back down… what else is left on the path to full-blown authoritarianism?”

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Katie Cannon @katiecannon.bsky.social · 52m

bsky.app/profile/mone...

Money on the Left @moneyontheleft.bsky.social · 3d

Tremendous thanks to Cory Doctorow for helping us get the word out about Blue Bonds, MotL's fiscal strategy for mobilizing sub-federal debt financing to defeat authoritarian sabotage & extortion.

pluralistic.net/2025/10/04/f...

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Reposted by Katie Cannon

Money on the Left @moneyontheleft.bsky.social · 3d

Tremendous thanks to Cory Doctorow for helping us get the word out about Blue Bonds, MotL's fiscal strategy for mobilizing sub-federal debt financing to defeat authoritarian sabotage & extortion.

pluralistic.net/2025/10/04/f...

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Katie Cannon @katiecannon.bsky.social · 58m

Everything takes money

States can not Constitutionally create state currencies

But they *can* issue way more bonds than they do so “Blue State War Bonds”.

Cities are Constitutionally allowed to create city currencies.

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Reposted by Katie Cannon

@NewsJennifer (Jennifer Schulze) @newsjennifer.bsky.social · 1h

We are all Chicagoans now. Stand up. Speak out.

I will not back down.

Trump is now calling for the arrest of elected representatives checking his power.

What else is left on the path to full-blown authoritarianism?
Donald Trump Truth Social Post: Chicago Mayor should be in jail for failing to protect Ice Officers! Governor Pritzker also.
ALT
‪Governor JB Pritzker‬
‪@govpritzker.illinois.gov‬
· 32m
His masked agents already are grabbing people off the street.

Separating children from their parents.

Creating fear.

Taking people for “how they look.”
‪Governor JB Pritzker‬
‪@govpritzker.illinois.gov‬
· 32m
Making people feel they need to carry citizenship papers.

Invading our state with military troops.

Sending in war helicopters in the middle of the night.

Arresting elected officials asking questions.

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Reposted by Katie Cannon

Jessica Pishko @jesspish.bsky.social · 1h

The Fraternal Order of Police is on the side of MAGA and against the people they are supposed to be "policing." I think this says a lot to the people who insist local police are going to be "resistance."
www.foxnews.com/us/national-...

National police union calls Chicago's refusal to help ICE agents 'shocking' violation of duty

Police union leaders called Chicago's alleged directive to not assist ICE agents surrounded by protesters a violation of law enforcement's duty to protect fellow officers.

www.foxnews.com

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