July 2009.
Government virus expert paid £116k by swine flu vaccine manufacturers.

[Cause]
Define 'Subversion'.
The act of subverting : the state of being subverted; especially : a systematic attempt to overthrow or undermine a government or political system by persons working secretly from within?

[Effect]
"The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons."

"I therefore determine that serious human rights abuse and corruption around the world constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and I hereby declare a national emergency to deal with that threat."

NATIONAL EMERGENCY.
Nothing to See Here
Drop 1927

Links;

💥💥💥 Situation Update, Jan. 5, 2021 – Congress will betray; patriots will need to RESCUE the President

Barring some miracle, it looks like tomorrow, the US Congress and VP Mike Pence will betray America and shut down any objections to the Biden slate of electors from swing

It's Presidents Day in the US and once upon a time I read a biography of every single US president so I may as well make use of that useless knowledge. Here is a thread of the wildest tweet-sized fact I know about each president:

George Washington: lost nearly all of his teeth, had terrifying spring-loaded 18th century dentures that were in constant danger of jumping out of his mouth. He mumbled through all of his speeches because he was afraid of opening his mouth too wide.

John Adams: everybody but everybody thought he was a prudish, entitled, arrogant little jerk, including all of the other founders and especially his closest relatives and *extra specially* Jefferson.

Thomas Jefferson: an asshole. Died completely broke after a lifetime of living on borrowed money way outside of his earnings. Tried to save things at the last moment by selling all his books to the state. Died the same day as Adams.

James Madison: wrote the constitution and the bill of rights. I don't care what you heard. His super power was giving his ideas of government to other people and making them think it was their idea, and letting them take credit. But he wrote nearly all of it.

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While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

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a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...