Julius Kanyi ✓
@kanyicool · Kenya · joined 24 Apr 2009
Technology is my religion,music is my saviour.
65 337Followers
64 860Following
300 867Posts total
1.8KViews on collected posts
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1/11 🧵 Ever wonder why people are working harder than ever, yet basic living standards keep slipping?
It’s not a lack of effort. It’s a shift in economic design.
Let's break down The Rentier State and why hard work doesn't make nations rich anymore. 👇
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12/12 📖 Read the full, unabridged Article 08: The Structural Adjustment Playbook — Enter the IMF and World Bank here:
https://t.co/8zGoofegdN
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11/11 Structural adjustment converts financial distress into external policy control.
By mandating austerity and privatization, international lenders direct a nation's resources toward external debt compliance over human survival.
(Part 8 of the Global Macro & Economic History
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10/11 The ultimate contradiction?
Austerity depresses domestic economic growth. As GDP shrinks, the country's debt-to-GDP ratio actually gets worse, trapping the nation in endless cycles of re-borrowing.
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9/11 Across Latin America, Sub-Saharan Africa, and Southeast Asia, SAPs have produced brutal economic results:
De-industrialization: Local factories collapse under cheap imports.
Erosion of Human Capital: Gutted healthcare and education.
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7/11 3️⃣ Trade & Financial Deregulation: Eliminate tariffs and capital controls. This opens vulnerable domestic industries to global competitors while allowing foreign capital to exit freely during crisis.
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8/11 4️⃣ Currency Devaluation: Intentionally drop the local currency’s value.
This makes local exports cheap globally, but skyrockets the domestic cost of imported essentials like food, medicine, and fuel.
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6/11 2️⃣ Fire-Sale Privatization: Sell state utilities, telecom, ports, and mines—often to foreign private investors at distressed valuations—to generate immediate cash for creditors.
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5/11 The IMF doesn't just lend money; it mandates four standard policy reforms:
1️⃣ Brutal Fiscal Austerity: Freeze public wages, slash health/education, and end fuel/food subsidies to ensure tax revenue goes straight to debt service.
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4/11 As default looms, private capital flees.
The nation is forced to go to the IMF—the lender of last resort. Because no one else will lend to the country, the IMF gains total leverage over the state's economic policy.
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2/11 In Article 7, we saw how Super Imperialism forces central banks to recycle dollars into US debt.
When developing nations face dollar shortages and default risks, a different enforcement mechanism takes over: Structural Adjustment Programs (SAPs).
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3/11 The path to the trap starts with currency mismatch.
Developing nations borrow in US dollars to build infrastructure. But when global interest rates rise or commodity export prices drop, getting enough dollars to pay interest becomes impossible.
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1/11 🧵 What happens when a country runs out of foreign currency and defaults on its debt?
Armed forces aren't sent to enforce payment. Instead, the IMF and World Bank step in with spreadsheets and conditionalities.
Let me break down The Structural Adjustment Playbook. 👇
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12/12 📖 Read the full, unabridged Article 07: The Dollar Hegemony — Super Imperialism Explained here:
https://t.co/P947k4sdXT
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11/11 Super Imperialism redefined global power. By replacing gold with Treasury debt, foreign productivity was wired to finance American geopolitical deficits.
Understanding this trap is vital to seeing how sovereign development is constrained worldwide.
(Part 7 of the Global
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10/11 For developing nations, this creates a double blow:
1️⃣ Hoard USD reserves to defend against currency crashes (locking capital away from domestic development).
2️⃣ Suffer imported inflation whenever the US Federal Reserve hikes interest rates.
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9/11 It’s a Capital Loss Trap:
If foreign central banks dump their US Treasuries en masse, they crash the value of dollar assets and trigger catastrophic losses on their own balance sheets.
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8/11 Why can’t nations just leave this trap?
No Alternatives: The US Treasury market is the only bond market deep enough to absorb trillions in foreign reserves.
Export Protection: Converting dollars to local currency makes domestic exports too expensive.
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7/11 The ultimate irony?
Because foreign central banks hold trillions in US debt, foreign trade surpluses directly finance the US government budget and military infrastructure that enforces the global order.
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6/11 Hudson’s core insight in Super Imperialism is that modern hegemony operates in reverse:
Traditional empires taxed colonies directly. Today, foreign nations voluntarily send real goods to the US in exchange for government IOUs printed at near-zero cost.
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4/11 Conventional logic predicted the dollar would collapse without gold backing.
Instead, a far more lucrative apparatus replaced it: The Treasury Recycling Loop.
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5/11 How the Loop works:
1️⃣ US runs massive trade & budget deficits.
2️⃣ Foreign exporters send real physical goods to the US for paper dollars.
3️⃣ Foreign central banks receive those dollars.
4️⃣ They recycle surplus dollars right back into US Treasury bonds.
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3/11 Under the 1944 Bretton Woods system, $35 equaled 1 oz of gold. If the US overspent, foreign nations could redeem paper dollars for physical gold.
By 1971, Vietnam War spending drained US gold reserves. President Nixon abruptly ended gold convertibility: the Nixon Shock.
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2/11 In Article 6, we saw how colonial empires used physical infrastructure and compulsory taxes to extract wealth.
As direct colonial rule dissolved, global finance needed a more sophisticated mechanism: The Treasury Standard.
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1/11 🧵 How does the world’s biggest debtor country remain its most powerful superpower?
It’s not an accident. It’s a monetary mechanism economist Michael Hudson calls Super Imperialism.
Let's break down The Dollar Hegemony and how foreign surpluses finance US power. 👇
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Rispetto ad account della stessa dimensione
29 post degli ultimi 90 giorni, accanto alla fascia di 10K–100K follower. raggiunge meno persone dei pari, ma le coinvolge molto di più.
Visualizzazioni mediane11questo account937mediana per 10K–100K
Copertura, %0.02%questo account3.44%mediana per 10K–100K
Interazione, %9.09%questo account1.55%mediana per 10K–100K
| Metrica | Questo account | Mediana per 10K–100K | Rapporto |
|---|---|---|---|
| Visualizzazioni mediane per post | 11 | 937 | 0.01× |
| Copertura (visualizzazioni ÷ follower) | 0.02% | 3.44% | 0.00× |
| Tasso di interazione | 9.09% | 1.55% | 5.87× |
Altri account di questa fascia → Confronta con un altro account → Come sono costruiti questi parametri →
Growth & engagement
How the posts we collected actually performed: views and reaction rate post by post, what the audience did with them, and where the follower count goes.
Views per post
2424 Aug
30725 Aug
11
33
9
10
10
6
5
6
7
10
18
20831 Aug
Last 14 collected posts, oldest on the left. The scale is logarithmic: one post can outrun the rest a hundred times over.
Engagement rate per post
0.00%24 Aug
2.28%25 Aug
9.09%
6.06%
11.11%
10.00%
10.00%
16.67%
20.00%
16.67%
14.29%
10.00%
0.00%
1.44%31 Aug
Reactions — likes, reposts, replies and quotes — divided by views. Median for 10K–100K accounts is 1.55%.
What the audience does
Likes27.3%12 in total
Reposts4.5%2 in total
Replies65.9%29 in total
Bookmarks2.3%1 in total
Share of every reaction we collected for this account. Replies mean argument, reposts mean endorsement, bookmarks mean the post was worth keeping.
The follower curve appears once this account has two daily snapshots — we take one a day, and this one is on its first.
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