Technical details on how Modern Monetary Theory steals from the poor; to give to the rich.
Just as the “Inflation Reduction Act” dishes out billions of printed dollars to friends of Kamala, thus inflaming (not reducing) inflation; “Modern Monetary Theory” isn’t modern at all.
When I went to work for Warren Mosler’s $57,000,000,000 Hedge Fund and Broker-Dealer (iii-cm.com); the very first thing required of me was to read and understand Warren Mosler’s book, “Soft Currency Economics”….which contains “Modern Monetary Theory.” I have an MBA from Yale, and earned Distinction (top 3%) in both Economics and Game Theory…..and from the framework of actual Economics the book smacked of bullshit to me. Nevertheless, the Hedge Fund Honchos insisted that the book allowed Mosler to get into the Federal Reserve (to “advise” the Fed), and then Warren Mosler would “advise” the Hedge Fund (that Mosler founded) on which trades to make. The III Capital Management Hedge Fund made GIGANTIC PILES OF MONEY from this insider information.
The premise of MMT is Governments (those in POWER) have monopoly control over money, and the peasants MUST aquire the money in order to pay taxes to those in POWER….else they are put in prison. As such, those in POWER can “print” as much money as they want without limit. The peasants have no choice, but to work and earn dollars – to pay taxes – else they cannot survive.
Warren Mosler didn’t need to steal $100,000 from me; but he did so for the sport of it. Within the documents that Mosler hid from the legal process for over 5 years, there is a sequence of emails between himself and his son, Jacob Mosler. Dad is training his son how to run a near-identical THEFT BY DECEPTION on another victim.
It is shocking that Judge Luis Delgado witnessed that, yet still claims there is ZERO EVIDENCE to allow me to get my $100,000 deposit back. The contract for the return of my $100,000 deposit is below (the Jury agreed this contract was valid, and I should get $150,000 back [evidentially agreeing that Mosler INTENDED TO (and then followed through) on a pre-mediated THEFT of the $100,000.
Aftter the Contract Mosler OFFERED to me (that I agreed to); I will show the emails where Mosler is training his son on how to run the same deposit-scam on someone else.
Warren Mosler is a CON-ARTIST who has convinced the United States Government to print money, which creates Inflation, which in-turn makes the Liberal Elite very wealthy….while the rest of us struggle to buy groceries.
When I went to work for Mosler’s hedge fund, the first thing they had me train on was Mosler’s “Soft Currency Economics” book. It seemed like bullshit to me at the time, but I figured the Hedge Fund guys knew more than me… One of the things Warren Mosler told me personally is this: “The government doesn’t even have to physically print the money; they just change numbers on a spreadsheet.” By doubling the amount of money in circulation, whatever money you have in savings is now worth HALF; unless you have one of the magic spreadsheets.