It's kind of sad that the 'toon lays out the REAL flows in the beginning where the private sector issues the money that the GUV collects and uses and thus MUST replenish the private sector, where the one-percent doing the monetary-asset issuing are collecting its rent from the Ninety-nine Percent of The Restofus.
Those R The real facts, not some stylized wishful thinking.
"IF only the sovereign GUV can issue US Dollars....we have the diagram upside down." But, you don't.
"Dollars" are a unit-of-account identity that are worn by all the bank-credit that is privately created in this country.
Since the private banks create ALL the money in our monetary metrics(c.e.), it should either stand to reason that the US GUV is NOT the only entity that can create US Dollars, or some legal, factual scientific proof is needed to put some flesh on those 'monopoly-issuer' bones.
Absent that, a well done 'toon, but non-informing at the level of money science.
Have a read of the scientific history in the Real-World Economic Review here:http://www.paecon.net/PAEReview/issue66/Huber66.pdf
Me thinks the jig is up on this 'monopoly-issuer' fallacy.