–20 reasons why I vote Republican Saturday, Dec 20 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

I’m a Republican. I vote right. I believe:

1. People should be able to spend as much as they wish, to control elections and to influence politicians.

2. Climate change is a fake. People are not causing the earth to warm. And anyway, a warmer earth would be a good thing.

3. This is a Christian country. Christianity should be taught in public schools, and Christian symbols should be allowed in all government buildings. Christian invocations should begin all government proceedings to guarantee patriotism.

4. All abortion should be illegal, whether or not the mother was raped or is too physically sick to deliver or too mentally sick to care for a child.

5. Gay people are an abomination and should not be allowed to marry.

6. Everyone should carry a handgun or military style rifle, to protect us from criminals and ISIS.

7. Torturing prisoners works and is not immoral, although waterboarding, standing for days on broken feet, sleep depravation and living in darkness are not torture.

8. We have normal relations with China and Russia, but we should not have normal relations with Cuba. This policy has worked for 50+ years, so should be continued.

9. Businesses are people and should have the same religious rights as people. If an employer doesn’t like your religious beliefs, it should be able to prevent you from exercising them.

10. The poor are naturally lazy. Aid to the needy fosters laziness. Unemployment compensation should be reduced, because it encourages unemployment. Food stamps and other poverty aids, encourage indolence. People should be self-sufficient.

11. Undocumented immigrants, including children, are criminals who should be deported back to misery or death. They take our jobs. We can’t afford having more hard-working consumers in America.

12. We suffer from rampant voter fraud. Poor people should be required to purchase picture IDs to prove they haven’t voted twice. Also, short voting hours and long lines at polling places provide a good test of patriotism.

13. The government is too big, so Social Security, Medicare and Medicaid should be cut, as should spending on science, R&D, infrastructure, food & drug & auto safety inspections, and any anything else that costs money, even if it may benefit America.

14. Gerrymandering doesn’t exist, and anyway, it’s good, except when the other guy does it.

15. I believe FOX News, especially Hannity, O’Reilly and Beck. I trust Limbaugh to tell the truth.

16. Obamacare should be eliminated. Everyone should pay for their own health care, and not expect the government to do it for them.

17. Black street criminals, or people who look like criminals, should be dealt with harshly.

18. People should be jailed for using marijuana, even medical marijuana, because prohibition works.

19. The right-wing of the Supreme Court has been right about: Citizens United v. Federal Election Commission (more political spending by rich people), Bush v. Gore (states voting rights), Shelby County v. Holder (diminishes Voting Rights Act)

20. Roberts, Scalia, Thomas, Alito and Kennedy speak for me.

Yes, I vote right, and here are two more reasons: I hate Obama, and the Republican party does a lot for me.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Why morality is an economics issue Wednesday, Dec 17 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================
We’ve published much relating to morality. (See: “Strange science: How does one brain justify both cruelty and charity?” and many others.)

We even have been chastised for wandering outside our sphere of expertise, i.e. economics.

But, economics has an overriding social component, and what we consider to be immoral, often is justified on economic grounds. (i.e. torture “works.”)

The difficulty economists have in making prediction, stems from that social component. Cause and effect become blurred when changing and unmeasurable human beliefs, attitudes and emotions have such great importance.

The stock market forecasters known as chartists, who are right half the time and wrong the other half, ignore the human aspect. Their predictions rely on historical numbers repeating in some predictable pattern.

It’s silly, but chartists are paid for that nonsense, so who could blame them?

Are there any economists who successfully have weighed the human variables into equations?

A leader of Modern Monetary Theory, Professor Randy Wray, has a “Center for Full Employment and Price Stability.” It suggests a Jobs Guarantee (JG) plan, which in my opinion, considers humans to be mere cogs in the economic machine. Work; get money; spend. Then work more.

But, just jobs are not what people want. Look in the newspapers and online, and you will see thousands — perhaps millions — of jobs. There is no shortage of jobs. Never has been. Just not the right jobs.

JG assumes, if you are unemployed, you will take a job, no matter the circumstances (any location, any conditions, any pay), and if you don’t select among the jobs offered via a government functionary, you must be a slacker.

Professor Wray already has said the JG guaranteed jobs will pay less than minimum wage, so as not to compete with private industry!! Yikes!

Who needs the “government-as-slave-employer, or government-as-employment-agency”?

People go months, even years, looking for a job and not finding one — because people are not cogs. They have the above-mentioned beliefs, attitudes and emotions.

Professor Wray should change the name to a “Center for Economic Growth and Income Equality” and forget about the JG. But, he won’t, because he is committed to JG, and is a human with his own beliefs, attitudes and emotions.

For him, JG is a sacred foundation for his economic beliefs. We all have sacred foundations, and that’s his.

All of the above is a prelude to a discussion of the following article that appeared in the November 29, 2014 edition of NewScientist Magazine:

Most violence arises from morality, not the lack of it

WHY would anyone hurt you? Why would you hurt or kill someone else?

Contrary to popular perception, people are rarely violent simply because they lose control and fail to think about right and wrong. They rarely commit violence because they lack empathy and fail to see their victims as fully human.

And almost no one is violent because they draw sadistic pleasure from the suffering of others.

Across cultures and history, there is generally one motive for hurting or killing: people are violent because it feels like the right thing to do. They feel morally obliged to do it.

In the comment section of the previous post, you can see an example of this:

How Terrorists Justify Killing 132 Children

The Pakistan Taliban, Tehreek-e-Taliban, claimed responsibility for the attack, saying it was in revenge for a ferocious army offensive – named Zarb-e-Azb – that has been underway in tribal areas since June.

“We selected the army’s school for the attack because the government is targeting our families and females,” said Taliban spokesman Muhammad Umar Khorasani. “We want them to feel the pain.”

You kill our children, so we kill yours, more or less.

Violence is not a breakdown of morality – it is motivated by moral emotions and judgments.

If your parents spanked you when you were a child, it was probably because they thought it was good for you. They may have hated to do it, but they did it because they felt they had to, to bring you up correctly. Their parents may have spanked or whipped them in order to raise them as God-fearing, virtuous adults.

Some violent acts are punitive – the execution of a murderer for example, or the bombing of those who bomb us. That’s justice as the perpetrator perceives it.

The foundation of Western legal systems is that people are found guilty and punished for intentionally doing what they know to be wrong. But what happens when people know that what they did was right, according to their internal moral compass?

You may feel (as I do) that past President Bush and his Vice President Cheney are as guilty of crimes against humanity as were the death-camp guards from WWII, but I suspect they all felt the torture and murder of prisoners was the “right thing to do.” As may have the CIA.

Cheney repeatedly says so, though it’s difficult to say whether he really means it.

When non-violent African American protesters were hosed and beaten during the civil rights movement, it did not evoke guilt in the majority of white American southerners, but it did elicit the sympathy of the northern states and the international community, and as a result the American South was shamed and pressured into tolerating integration.

But what happens when an entire religion supports the torture and murder of “heretics,” as has happened many times in history? Who is to cast shame?

What happens when an entire political party, the new majority party of the U.S. Congress, countenances the torture of prisoners? From where will come the pressure to change?

We have a long way to go, but we have the power to stop violence by making it immoral.

Yes, a long way to go. How many Americans believe that making someone angry, or committing a burglary, are reasonable justifications for killing someone?

‘Stand your ground’ laws: Two cases may suggest limits to their protections
By Patrik Jonsson, Staff writer MAY 1, 2014

Two recent cases in Montana and Minnesota where homeowners appeared to set traps before fatally shooting teenage intruders suggest that US society may be drawing some limits on the controversial “stand your ground” defense at the heart of major recent court cases, including the shooting of Trayvon Martin.

A jury convicted Byron Smith of Minnesota on Tuesday for premeditating the 2012 murders of two teenage cousins who broke into his home.

And Markus Kaarma of Montana is now facing homicide charges after he allegedly fired a shotgun four times through his garage door on Sunday, when a German exchange student tripped an alarm. The student, named Diren Dede, was killed.

No U.S. court would command the death penalty for burglary, but do you believe the teenage cousins and Diren Dede “had it coming“? Do you believe the death penalty is the appropriate response, if you simply feel threatened?

Is the protection of property more important than human life?

Nations think so. That is the basis for most wars — the protection of property — and wars kill people.

Wars also are the single most important historical cause in the cause-and-effect paradigm of economics.

Yes, morality is an issue for economists, and unless morality is part of the “science,” it’s not a science at all.

While we each have a different take on “morality,” I suggest that giving the populace more reason and more opportunity for hurting people, is immoral.

By that definition, “Stand Your Ground” is immoral. Guns are immoral. Mass deportations are immoral. Bullying minorities is immoral. The death penalty is immoral. Torture is immoral. Slavery is immoral. Causing starvation is immoral. The growing Gap between the rich and the rest is immoral.

And if you look back in history, you will find that immorality is self-destructive, both for individuals and for nations. It’s the “what-goes-around,-comes around” syndrome.

You can’t study economics without studying morality, and you can’t pontificate realistically on economics without exploring morality.

Everything in economics devolves to morality, which devolves to motive, the starting point for economics.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Strange science: How does one brain justify both cruelty and charity? Tuesday, Dec 16 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Recently, we published: Is the descent into brutality our new American normal? Friday, Dec 12 2014

It included this description of the horrors we inflicted on prisoners:

Interrogations that lasted for days on end. Detainees forced to stand on broken legs, or go 180 hours in a row without sleep. A prison so cold, one suspect essentially froze to death.

The CIA also forced some detainees who had broken feet or legs to stand in stress-inducing positions, despite having earlier pledged that they wouldn’t subject those wounded individuals to treatment that might exacerbate their injuries.

Contrary to CIA’s description to the Department of Justice, the Senate report says that the waterboarding was physically harmful, leading to convulsions and vomiting.

Imagine a criminal trial, in which it was revealed that the police had done that to a witness. Any judge would have thrown out the testimony as being both unreliable and unconstitutional.

Yet:

Majority in U.S. say CIA interrogation methods were justified

Just over half of Americans say they believe the interrogation methods the CIA used against terrorism suspects in the years after the Sept. 11, 2001, attacks were justified, polling data released by the Pew Research Center, Monday showed.

Most Republican elected officials have defended the CIA’s actions.

And, the majority of Americans agree it’s fine to make prisoners stand for days on broken legs, be deprived of sleep, be subject to hypothermia resulting in death, and be waterboarded into convulsions and vomiting — even though evidence shows these harsh methods don’t work, and victims will say anything, true or false, to stop the pain.

Because some members of the enemy (whoever they may be) does bad things, are we given leave to do horrifying things to some members of the enemy (whoever else they may be)? Is that our justification for torture, in violation of international law, our own Constitution and evidence of uselessness?

Or is it because the right wing, which loves to quote the Constitution when speaking of gun ownership or immigration, suddenly acquires Constitutional amnesia, when it comes to basic humanity?

Not only are we told to forget these evil acts, but we don’t even want to know in the first place:

According to the poll, Americans were evenly divided over whether the intelligence panel was right to release its report, with 42% saying it was and 43% saying no.

Are we Americans, who were outraged when we learned about the NSA’s secret breaking of our Constitutional right to privacy, now perfectly happy to remain in ignorance about our government’s war crimes. Is this the Sgt. Schultz, “I hear nothing; I know nothing; I see nothing” syndrome.

Or has the religious right so brainwashed us to accept their rationales for cruelty, that we simply have no human feelings about anyone outside our social circle?

Washington Times

Winning Immigration by Stopping Amnesty
Sponsored by NumbersUSA

Sign the public petition to tell Congress to block President Obama’s unlawful amnesty for illegal immigrants, secure the border and enforce the current laws on the books.

These “illegal immigrants” are people: men, women and children, with the same needs and desires we have. The vast majority are not bad people; most are poor people, trying to improve their lives — just like us.

The merciful alternative to deportation and “enforcing the current laws on the books,” would be absorption and changing the laws on the books, to make these humans legal.

Instead, we justify their torture (i.e. deportation and family separation) by saying it is in our own interest.

We are Americans. We are charitable. We care about people, even strangers.

We Americans justify dropping money into the bell-ringers kettle. We Americans justify writing checks to thousands of charities. We Americans justify rescuing a drowning stranger, or catching a baby tossed from a burning window. Unlike other nationalities, we Americans want wife beaters and child beaters sent to jail.

But strangely, torture is O.K. The physical and mental torture of foreign prisoners (as opposed to torturing domestic criminals) is just fine. The physical and mental torture of foreign children, by sending them back to a life of misery and death — that’s fine, too.

How do we do that, I wonder? How are we horrified by one, yet justify the other?

How does one brain simultaneously justify both cruelty and charity?

And feel so comfortable doing it?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–U.K. pols again demand sacrifices from the poor to feed the rich Monday, Dec 15 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

We’ve keep hoping you Brits, being older than us, also would be wiser. So, we published:

How the debt hawks will destroy the U.K. Monday, Jun 7 2010
and
Foolishness across the ocean. Will the UK attempt mass economic suicide? Monday, Oct 31 2011
and
How the UK teaches America about economics Wednesday, Dec 5 2012
and many other posts detailing the absolute need for central government deficit spending, and the goal of the deficit hawks: Widening the Gap between the rich and the rest.

All of our entreaties have fallen on deaf ears and blind eyes.

December 15, 2014 12:04 am
David Cameron to defend goal of budget surplus in next parliament
George Parker, Political Editor

David Cameron will defend Conservative plans to run a budget surplus in the next parliament, in the face of renewed claims by the Liberal Democrats that continuing Tory spending cuts would “devastate” public services.

Mr Cameron will argue on Monday that his plans for a small surplus by 2018/19 are “sensible and reasonable”, adding: “If we are not going to start putting money aside after seven years of continuous economic growth, when will we be?”

First, let’s look at the “seven years of continuous economic growth” and compare it with the tepid, wishy-washy growth of the United States (another nation dominated by deficit cutters):

monetary sovereignty
monetary sovereignty

Hmm . . . Not so continuous, and not very impressive for you of the U.K. At the current rate, it should take you “only” about 20 years to reach where you were before the Great Recession.

What a wonderful record Mr. Cameron has amassed.

And not only does he want to cut the deficit (which reduces the number of growth pounds added to the British economy), but he wants to run a surplus (which actually removes pounds from the economy). One wonders what mad economist believes that starving an economy of money is a method for growing that economy.

We like to call it: “Applying leeches to cure anemia.”

You British were brilliant in not adopting the euro, an act that would permanently have starved your economy of money. But now, Mr. Cameron wishes to starve your economy by cutting deficits and running a surplus.

Sadly, he relies on the economic ignorance of the British people — ignorance of Monetary Sovereignty — to pull off that stunt.

Iain Duncan Smith, work and pensions secretary, gave a glimpse of the kind of savings Mr Cameron has in mind when he said on Sunday that a Tory government could restrict child benefit to the first two children.

Mr Duncan Smith told the BBC’s Sunday Politics that the idea was “well worth looking at”, adding that “it does save significant money and also helps behavioural change”.

Hmmm, again. “Behavioural change”? Is this a backdoor way to reduce the prolific Muslim population? Or is it yet another way to widen the Gap between the rich and the rest? The rich won’t be affected, but the poor will be.

And why would a nation that has the unlimited ability to create its sovereign currency need to “save significant money”? It doesn’t. It’s not like you and me. National finance is different from personal finance.

Mr Cameron’s defence of Tory austerity plans is timed to coincide with the delayed publication of a new coalition fiscal mandate, committing the Tories and Liberal Democrats to balancing the current deficit by 2017/18.

Balancing the deficit (balancing the budget?) would mean the government would create no net pounds to grow the economy. Someone should ask Mr. Cameron, “Where has austerity served to benefit the people and grow the economy?” Answer: Nowhere.

However, Vince Cable, the Lib Dem business secretary, said the two parties did not agree on how to achieve that objective: the Lib Dems would raise taxes to cover part of the consolidation while the Tories would focus entirely on cutting spending.

Will the U.K. raise taxes on the poor or cut social spending for the poor? Either way, you can be sure no one will do anything to hurt the rich.

Mr Cable added that Conservative plans to continue cutting beyond 2017/18 would be “devastating and ideologically driven” and would leave the armed forces with a “largely ceremonial role”

Yes, to hell with the poor and middle-income groups, but don’t do anything to hurt the armed forces. We don’t want the military to become angry and institute a coup, do we? All politicians know to keep the army happy.

Ed Miliband, the Labour leader, believes Mr Osborne has made a strategic error by proposing further cuts even after the day-to-day budget is balanced.

But Mr Cameron will argue that Labour’s fiscal plan would allow Mr Miliband to carry on borrowing “every year, for ever”, since the party is only committed to balancing the current day-to-day budget, not the capital budget.

He will cite the Institute for Fiscal Studies as saying Labour’s rules would allow it to borrow an extra £28bn a year, adding: “That is a great, black, ominous cloud on the horizon.”

O.K., let’s get this straight. The British government created all the laws that created the British pound. It can change these laws at any time. It can create as many pounds as it needs, any time it needs them. The British government never can run short of pounds, if it doesn’t want to.

For that reason, the British government never needs to borrow the pounds over which it is sovereign. NEVER

Tory polls suggest the public likes the word “surplus”; however, Labour and the Lib Dems will seek to persuade voters that this could be achieved only at the cost of big cuts to public services.

The public thinks government finance is like personal finance. Unfortunately, the politicians never have had the courage to explain Monetary Sovereignty

The sole question is this: Is Mr. Cameron ignorant of economics or has he been paid by the rich to widen the Gap (with campaign contributions and promises of lucrative employment after he leaves office)?

We suspect the later.

Mr Cameron will lace his economics speech with a promise to bring forward by six months a previously announced scheme to help 100,000 first-time buyers move into new homes on brownfield land with a 20 per cent discount.

This will cost money. But Mr. Cameron wants to save money. What’s going on?

Quite simple: He will take a great many pounds from the poor and middle income groups, and give a few of them to first-time home buyers, all the while boasting about how he is helping the economy — while starving it.

Rich home builders will be happy. Wealthy bankers will be happy. That’s all that matters, isn’t it?

Mr Miliband will announce plans for a new law to stop the exploitation of migrant workers, which he said had led to the undermining of wages for local workers.

Prosecutors would have to (provide evidence that some abuse of power had occurred and that migrants were employed on significantly different terms to local workers.

In short, a purely cosmetic law to appease voters, while doing nothing to irritate big, rich employers.

“We won’t make false promises on immigration, like David Cameron,” he will say. “And we won’t offer false solutions: leaving the European Union would be a disaster for jobs, businesses and families.”

False solutions for what? Deficit spending is what grows an economy. Done right, it also can narrow the Gap between the rich and the rest.

And as for “leaving the European union,” there’s no need for that. But do stop pretending you have adopted the euro and thereby lost control over your money.

Our fervent hope is that some day, the citizens of the U.K. and/or the citizens of the U.S. will discover that:
1. National finance is not like personal finance.
2. National deficits are necessary to grow an economy
3. A Monetarily Sovereign government has the unlimited ability to create its own sovereign money, with absolute control over inflation, and never can run short of money to pay its bills.
4. Deficit cuts hurt the rich much less than the poor, so they widen the Gap.

This time Brits, do as we say, not as we don’t. We are led by fools and criminals.

You don’t have to be, too.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

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