That reads like bog standard endogenous money Post - Keynesianism if you take out the details and try to make a point.
And I remember Occupy being destroyed by synchronised DHS raids. I doubt Graeber ran those.

Um, specifics, please?

As far as I can tell, his understanding is perfectly sound.

- Jake

Friends come and go. Enemies accumulate.

Everything Graeber wrote is consistent with what I learned in Perry Mehrling's Money and Banking course.  

"It is not necessary to have hope in order to persevere."