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Mark St. Cyr — Forward Guidance: The Spinning Of Illusive Illusions Within The Grander Illusion Of Modern Monetary Theory

Summary:
MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit. Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.) And free market capitalism will be taken out back behind the MMT edifice - and shot. Bonkers.Seeking AlphaForward Guidance: The Spinning Of

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MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit.
Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.)
And free market capitalism will be taken out back behind the MMT edifice - and shot.
Bonkers.

Seeking Alpha
Forward Guidance: The Spinning Of Illusive Illusions Within The Grander Illusion Of Modern Monetary Theory

Mark St. Cyr | C-Level Management Advice, Turnaround Specialist, Big Picture Real World Insight
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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