Mar 28, 2019
A Song by Christian Reilly about MMT.
Harmony vocals by Jeff Epstein, of Citizens' Media TV who also does amazing MMT Twitter tutorials (@citizensmediatv).
Please check out Jeff's work here: https://twitter.com/citizensmediatv and here: https://www.patreon.com/CitizensMediaTV
"Spending In The World As We Know It" can be found on Soundcloud here:
https://soundcloud.com/christianreilly/spending-in-the-world-as-we-know-it
Lyrics:
That’s great it starts with a sovereign state
Deciding that it needs to make
Green new jobs and high speed trains
It creates a currency
When it demands taxes be
Paid in a token that it creates exclusively
If you don't pay it or you fake it
Then you get incarcerated
what you need’s the currency
now you’re technically
unemployed, looking for,
work that pays, in the state's
unit of account that only it creates
It offers you employment
When look at the alternative
You can’t decline
Spending more than they collect
Is what they call the deficit
And it’s just all the
Dollars in the bank accounts that have been spent and not rubbed
out
By paying taxes thats a fact
Oh oh. This means the
Deficit is your asset
When they spend it’s what you get
Otherwise known as the national debt
Government produces it
Reducing it reduces the
Money supply
This is spending in the world as we know it
This is spending in the world as we know it
Government debt’s not what you owe it’s what you own yeah, it’s
absolutely fine
So why the hell we paying taxes if the money’s manufactured
By the state when it spends
It’s because the government
Was voted in to do a thing
To do a thing they need some things
Like labour and materials
But you don’t need their dollar bills
That’s why they impose a tax
In a token you don't have
Now you need to work for it
They spend em out and take em back
They leave some in your pocket
You can spend them at the market
Because everybody needs
Dollars for their tax bill or they’re going
To get fined and sent to jail like Michael Cohen
I’m sorry to make you think about Michael Cohen
But I was desperate for a rhyme
The other night I heard that chick
Saying to a bunch of kids
How you gonna pay for it?
DIANNE FEINSTEIN
Money is a tax credit
Duh you can’t run out of it
Type it in the central bank
The people’s wish is its command
If we got resources
Money wise we can afford it
Right? Right!
This is spending in the world and we know it
This is spending in the world and we know it
You got the power of the purse it’s time to show it
Sunrise knows it’s time
This is spending in the world and we know it
Planet’s burning up and we know it
Time to save the world, the status quo ain’t
Gonna work this time
This is spending in the world and we know it
This is spending in the world and we know it
This is spending in the world and we know it
Someone tell Jill Stein
(MMT Reality)
This is spending in the world and we know it
This is spending in the world and we know it
This is spending in the world and we know it
Feel the Bern this time
(MMT Reality)
This is spending in the world and we know it
This is spending in the world and we know it
This is spending in the world and we know it
It’s absolutely fine