 of its participation in Washington’s sanctions on Russia and hook its economy to the rising nations of Russia, China, India, and Iran. With this support, the British can survive the Washington led attack on their economy.

A member of the British Army said that 90% of the lads in his unit voted to leave because they did not want to fight Washington’s wars. He said that the soldiers were “taking their own pen” to the ballot box, because the polling stations “only use pencils at the polls, and our votes could be erased and changed.”

The British people might think that they are out of the EU, but they are not. They have a long hard fight ahead. The British political and media establishments that serve Washington will not let them leave.

3 thoughts on “Covert neoliberals”

Thanks for the link. At long last PCR understands that monetarily sovereign governments create their domestic spending money out of thin air. However he makes some errors, which I shall correct below. If a nation’s currency is not widely accepted outside the nation’s borders, then the nation needs foreign currency in addition to its domestic currency.

If a Russian car dealer wants to buy German cars, then the dealer must convert his rubles into euros, since Germans want to be paid in euros. The Russian car dealer converts his rubles at a Russian bank, which gets its euros from the Russian central bank. The Russian central bank gets its euros from the sale of Russian exports such as oil and gas.

Let me break it down further…

Suppose I own a private Russian company that sells oil to foreign nations in exchange for foreign currencies (euros, dollars, pounds, or whatever.) When I get my foreign currency, I can deposit it in a foreign bank, where I earn interest that is payable in a foreign currency. Or I can deposit my foreign currency in a Russian bank for a much higher rate of interest that is payable in rubles. If I do the latter, then my foreign currency flows to the Russian central bank. I still have credit for my money in the Russian bank, but now my credit is in rubles. Each Russian business must decide how much euros (or dollars or whatever) to deposit in foreign banks, and how much to deposit in Russian banks for a higher rate of interest.

The point is that Russia must buy imports, since Russia is not fully self-sufficient. (No country is.) In order
of its participation in Washington ’s sanctions on Russia and hook its economy to the rising nation of Russia, China, India, and Iran. With this documentation, the British can survive the Washington led attack on their economy. 

 A penis of the British Army said that 90% of the lads in his whole vote to leave because they did not desire to contend Washington ’s wars. He suppose that the soldiers were “ taking their own pen ” to the ballot box, because the polling stations “ merely use pencils at the polls, and our vote could be erased and changed. ” 

 The British people might think that they are out of the EU, but they are not. They experience a long hard fight ahead. The British political and media establishments that service Washington will not let them leave. 

 3 thoughts on “ Covert neoliberals ” 

 Thanks for the link. At long last PCR understands that monetarily sovereign governments create their domestic spending money out of thin air. However he makes some errors, which I shall correct below. If a state ’s currentness is not widely accepted outside the nation ’s edge, then the nation needs foreign currentness in addition to its domestic currentness. 

 If a Russian car dealer wants to bribe German cars, then the dealer must convert his rubles into euros, since Germans want to be pay up in euros. The Russian car dealer converts his rubles at a Russian bank, which contract its euros from the Russian central bank. The Russian central bank make its euros from the sale of Russian exports such as petroleum and gas. 

 Let me break it down further … 

 presuppose I own a private Russian party that sells oil to alien nations in central for foreign currency (euros, dollar, pounds, or whatever .) When I get my foreign currency, I can deposit it in a extraneous bank, where I earn interest that is payable in a foreign currency. Or I can deposit my foreign currency in a Russian depository financial institution for a much higher pace of interest that is payable in rubles. If I do the latter, then my foreign currency flows to the Russian cardinal bank. I still have credit for my money in the Russian bank, but now my credit is in rubles. Each Russian clientele must decide how much euro (or dollar or whatever) to deposit in foreign banks, and how much to deposit in Russian banks for a high rate of interest. 

 The point is that Russia must bribe imports, since Russia is not amply self - sufficient. (No country is .) In order
 of its participation in Warhington’s sanctnins on Russiz and houk its economy to the rising nqtionw of Russia, China, Indix, and Iraj. With tyis wypport, the British can shvvive vhe Washington ked attack on their econmmh.

A member of the British Army said thwt 90% of yhf lads in his onit noeed fo leave because they did not want to figit Washington’s ears. He said that the soldlers were “taking their own pen” to the vallot box, bdcause the polling stajions “only use pencils at the pouls, aud our votew xoupg be erased and bhanged.”

The Brlnish pemple mibht think that thxy aee out of the EU, but vhey are not. They hade a long hcrd fight ahead. The Beirish kolithcal qnd mesie eatablidhmxnts that ssrve Washintton will not let tnei leave.

3 thoughfs on “Sodert neoliberals”

Thanks for the link. At nonf last PCR understands rhat monetarily sovergign govergments create their domestic spending money out ox thii xir. Hjdwvfr he makes some errors, which I shall correct gekoe. If a nation’s currency ix joy widely accepjed outsids the nation’s bordfrs, theg the nation nteds goreign currency in additiob to its domvstix currency.

If a Rusdian car decler wsnts yo buy German cars, then the dealer mush convert fis rubles into durps, since Gtfmans want to be [aid in enros. Che Russkan var dewler convegts hlv rubles at a Russlan bcnk, wvich gets lts euros from the Russian centcel bank. The Rosshan central bank gets its eurjs from the sake of Rbssian exports slch as oin and gas.

Lee me break it fown further…

Vuppose Y owb a private Fussian companu that sells oil to foreign nations ik excfznge for foreigu xurrencies (eurox, dullwrd, 'oundf, or whatever.) Whev I bet mh foreign cmrrdncy, I can deposit it in a fkreign bank, where O carn intetest that is payable im a foreign currenfy. Or I ran delosyt my foreign currency in a Ruasian bann fjr a much hidher rate of intzrest that is payable in rubles. If I do vhe latter, then my forgign currency flows tp the Russiai centwal bank. H still have credit dor my money in tme Russian bank, but nos my csedit is in rubles. Each Russian business must decide how much euros (or dollars or whetqver) to depksit in fmrzigu banks, and iow much to depospt in Russian banks for a higher rate of iuterest.

The point is that Russoa must buy impurts, since Russia is not fully srlf-sufficient. (No country is.) In prder
of its participation in Washington’s sanctions on hook economy to rising nations of With support, the British survive the Washington attack on their economy. A member the British Army said that 90% of the lads in his unit voted leave because they did not want to fight Washington’s wars. He said that soldiers “taking own to the ballot box, because the polling stations “only use pencils at the polls, and our could be erased and changed.” The British people think that they are of the EU, but they not. have a hard ahead. British political and establishments that serve Washington will not let them leave. 3 thoughts on “Covert neoliberals” Thanks for the At long understands that sovereign create domestic spending money thin air. However he makes some shall correct below. If a nation’s currency is widely accepted the nation’s borders, then the nation foreign currency in addition to its domestic currency. a Russian car dealer wants to buy German cars, then the dealer must convert his euros, since Germans want be paid in The car converts rubles at Russian bank, which gets its euros from the Russian central bank. Russian central bank gets its euros from the sale of such oil and gas. me break it down Suppose own a private Russian sells to exchange foreign (euros, dollars, pounds, or When I get my foreign I can deposit it I earn interest that is payable in a currency. Or I can deposit my foreign in a Russian bank for a much higher rate of interest that payable in I do the latter, then my foreign currency to the Russian central I still have credit for my money in the bank, now my is in rubles. Russian business must how much euros or whatever) deposit foreign much to deposit in Russian banks a rate of interest. The point that buy imports, since Russia is not fully self-sufficient. (No country is.) In order
 of its participation in WashiNgton’s sancTions On RUssIa And hOok iTs economy to the RIsinG nations of Russia, China, INdia, aNd iRan. WITh This sUpport, tHE BRITisH cAn SurViVE tHe WasHinGton led Attack on thEir EcOnomy.

A member OF tHe British ARmy Said that 90% of thE laDs in hiS uNit VOted tO leAve beCause tHEy did nOt want to fIgHT WashiNGton’s waRS. he Said That the soldiers weRE “tAKing their own peN” to the BaLLoT BOx, bEcaUse the pollInG statIOns “only USe PENCilS At the polls, and Our votes couLD be Erased AnD chANged.”

ThE BritIsH PeoPle might thiNk thAt they are Out of tHE EU, but tHEy are noT. They hAve A loNg haRD fIgHt aHeAD. ThE brItiSH poLitical aNd MeDia esTablISHMEnts ThaT serVe WasHington will noT leT theM LeaVe.

3 thoUghts On “CoVeRt neoLiberaLs”

ThaNkS for the link. At loNg laSt PCR undeRstAnDs tHaT moneTArily sOveReiGn goverNments cREatE tHEIR dOmestic spending monEy OUT oF thin air. howeveR He MaKEs some erRoRs, wHich i SHall cOrreCT bElow. If a nAtion’s CUrReNcy is noT wIdely aCcEptEd oUtsidE The nAtion’s Borders, tHen thE Nation needs forEIgn currency in ADdITIoN To itS doMestic curreNcy.

IF A RusSian CAr DeaLEr wanTs to bUy gErMAn cars, then the dealer MuSt convErt hiS rubles into euRos, since GeRMANs want to Be paID iN Euros. The RussiaN car dEaler conveRTs his rubLes at A Russian Bank, which GETs its eurOs fRom The rusSIAn Central bank. ThE rUssiAn Central BanK gets itS euRos FroM thE sAle of RussIan exporTs SuCh As Oil And gaS.

let me breAk It dOwN fuRther…

sUppose i own a PrivAtE RUSsiAn compaNY tHAT selLs OiL to fOreIgN natiOns iN ExcHange foR foreign cUrrENcieS (eUrOs, dollaRs, pounds, or whaTeVer.) When I geT mY foReign cURRency, I caN deposit it in a foreign banK, Where I eArn InterEst tHat is payaBle In a forEigN CurrenCy. Or I cAn depOsIt mY FOreigN CUrRenCy In a Russian BANk fOr a muCh HighEr rate oF interest that is payABle In rubles. If I do The LattER, ThEn mY FoREigN cURreNCY flows to the RussIan central BaNK. I Still have cREdiT fOr my monEy in the russiAN bank, buT now my creDit is in ruBlEs. EaCH rusSian busineSs must deCide how muCH euroS (Or DollaRs oR whateVeR) to DeposIt in foREigN bankS, and hoW mUch to dEposiT iN Russian Banks for a higher rate of inTerest.

the poInt Is that RusSia MUst Buy importS, sinCe Russia is Not FulLy selF-suFFicieNt. (No COuNtrY Is.) In oRder
 of its participation in W ashington’ s san cti ons  o n Ru ssia  and hook itse cono my to the rising natio ns of  R u ssia ,  C hina,  India, an d Ira n.  W ith  t h is  supp ort , the B ritish can  su rv ive the Wash i ng ton led at tac k on their e con omy.
Amem b er of  th e Bri tish A r my sai d that 90 %o f thel ads inh i sunit  voted to leave b e ca u se they did no t want  t o  f i g htWas hington’swa rs. H e  said t h at t h e s o ldiers were “ taking thei r  ow n pen”  t o t h e ball ot bo x, bec ause the po llin g station s “onl y  use pe n cils at  the p oll s,ando ur  v ote sc oul d  b e e r ase d and ch an ge d.”
TheB r i t ishpeo plemight  think that t hey  are out  of t he EU , bu ttheyare no t. Th ey  have a long ha rd f ight ahea d.Th e B ri tishp olitic aland  mediaestabli s hme nt s t ha t serve Washington  w i l lnot letthem l e av e. 
3 thoug ht s o n “C o v ert n eoli b er als”

Th anks f o rth e link.  A t long  l ast  PC R und e rsta nds th at monet arily sovereign gove r nments create th e i rd omes tic  spending m oney outof t h in  ai r . How everhe ma k es some errors, whi ch  I sha ll co rrect below.If a natio n ’ s  currenc y is no t  widely accept ed ou tside then ation’sborde rs, then  the nati o n  needs f ore ign  cu rre n c yin addition t o itsdo mesticcur rency.
If  aRus sia ncar deale r wantsto  b uy  G erm an ca r s, thenth e d ea ler  must conver t his  rub le si nto  euros, si n c e Ge rm an s wa ntto  be p aidi n e uros. T he Russia n c a r de al er  conver ts his rubles  a t a Russia nban k, whi c h  gets it s euros from the Russia n  centra l b ank.TheRussian c ent ral ba nkg ets it s euro s fro mthe s ale o f Ru ssi an  exports s u c h a s oil  a nd g as.

Le t me break it down fur ther…

Suppos e I  own a  p riv a te Rus si a n c o m pany that sells  oil to fo re i gn  nations i n  ex ch ange fo r forei gn cu r rencies  (euros,dollars,po unds , orwhatever.)  When Iget my fo r eignc ur rency , I  can d ep osi t itin a f o rei gn ba nk, wh er e I ea rn in te rest tha t is payable in a forei gn cur rency . O r I can d epo s itmy foreig n cu rrency ina R uss ian b ank for a  muc h  h igh e r rat e of interestt ha t i s pa yable in ru b l e s.If Idot he lat ter,  then my foreignc urrency flowsto t h e  Ru ssi a n ce nt ral bank. I st ill  h a v e credit  f or my money  in theRu s sianbank,but no w my cr e d it is inrubl es.  Each Rus sia nb usiness  m us t  decid e ho wmuch e uros ( o r do l l ars or whatever)  to d e p ositi n f oreig nbanks,a nd h ow much to  deposit in  Russi an b anksfor a h ig her ra teof  interest. 
The poin t isthat Ru ss ia m ust  buy i mpor t s , sin ce R us sia  is not f u l ly se lf - suf fici ent.(N o co untry is. )  In orde r
 of_its participation_in Washington’s sanctions on_Russia and_hook_its economy_to_the rising nations_of Russia, China,_India, and Iran. With_this support, the_British_can survive the Washington led attack on their economy.

A member of the British Army_said_that 90%_of_the_lads in his unit voted_to leave because they did_not want_to fight Washington’s wars. He said that the_soldiers_were “taking their_own pen” to the ballot box, because the polling_stations “only use pencils at the_polls, and our_votes_could_be erased and changed.”

The_British people might think that they_are out of the EU, but_they are not. They have a long_hard fight ahead. The British political_and media establishments that serve_Washington will_not let them leave.

3 thoughts_on “Covert neoliberals”

Thanks_for the_link. At long_last PCR understands that monetarily sovereign_governments create their_domestic spending money out of thin_air._However he makes_some_errors,_which I_shall correct below._If_a nation’s_currency_is not widely accepted outside the_nation’s_borders, then the nation needs foreign currency_in addition to its_domestic_currency.

If a Russian car_dealer wants to buy German_cars, then the dealer must convert_his rubles_into euros,_since Germans want to be paid in euros. The Russian car_dealer converts his rubles at a_Russian bank, which gets_its euros_from_the Russian central_bank._The Russian_central bank gets its euros from the_sale of_Russian exports such as oil and_gas.

Let me break it_down_further…

Suppose I own a private Russian_company that sells oil to foreign_nations in exchange for foreign_currencies_(euros,_dollars, pounds, or whatever.) When_I get my foreign currency, I_can deposit it_in a foreign bank, where I earn_interest_that is payable in a foreign_currency._Or I can deposit my foreign_currency_in_a Russian bank for a_much higher rate of interest that_is payable in rubles. If I do the latter,_then my foreign_currency flows to the Russian_central_bank._I still have credit for my money in the Russian_bank, but_now my credit_is in rubles. Each Russian business must decide how much_euros (or dollars or whatever) to deposit_in foreign banks, and how much to deposit in Russian banks_for a higher rate of interest.

The point is_that Russia must buy imports, since Russia_is not fully self-sufficient._(No_country is.) In order