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Prof. Steve Keen

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@ProfSteveKeen

Predicted the 2008 financial crisis years early. Honorary Professor at UCL. Learn 50+ years of real economics in only 7 weeks. Apply below on my website.
London, UK stevekeen.com/text Joined June 2011
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Prof. Steve Keen Verified account @ProfSteveKeen
This is extremely important. Later this year the world will suffer two simultaneous disasters: the collateral damage of Trump and Netanyahu’s stupid war, and the biggest El Niño ever.
Matthew Gross Verified account @HurricaneAddict Jun 6
I really don't think enough people fully comprehend the worlds that are about to collide here.

You already have people in geopolitical circles warning about the threat of famine based on surging prices / availability of fertilizer components, and you also have long-term weather modeling all converging on a worst case scenario for a building El Nino event, which will peak near the end of the year. These are two slow moving but entirely predictable disasters that when coupled together will each make the other orders of magnitude worse. (This will take months to fully unfold, but at this point, the die is cast.)

There's no event in our history books that combines the current global population with the impending fertilizer shortage and the strength of the El Nino that's coming. We are about to witness an unprecedented event that will push crops around the globe to their limit.
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Prof. Steve Keen Verified account @ProfSteveKeen
And here's the link: youtu.be/obO1pieuldg
www.youtube.com Financial Crash Expert: The Europe Crisis is About to get Much Worse 👉 Learn 50+ years of economics in only 7 weeks: https://www.steveke...
Emer O'Siochru @eosfuturedesign 2h
Very counterintuitive to learn about the money reality so @ProfSteveKeen has created an IT model of the internal workings of money system, public and private, that proves his explanation is correct and the current one is just wrong
Impress your friends with insider knowledge
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Prof. Steve Keen Verified account @ProfSteveKeen
Governments are borrowing money from you, then wondering why the economy will not grow.

Here is the part nobody tells you:

A government deficit creates money. But when the government sells bonds to households and firms, they use money they already have to buy them.

The deficit creates money. The bond sale cancels it.

So growth stalls, debt rises, and politicians respond by cutting the things that actually make an economy work.

This is not fiscal discipline.

It is an economic straitjacket.

#GovernmentDebt #Austerity #MonetaryPolicy #Economics #SteveKeen
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