Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
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Remind me again. Why have Americans have been dying in Iraq, Afghanistan and Pakistan?

Washington Post
Iraq, siding with Iran, sends essential aid to Syria’s Assad
By Joby Warrick, Published: October 8

More than six months after the start of the Syrian uprising, Iraq is offering key moral and financial support to the country’s embattled president, undermining a central U.S. policy objective and raising fresh concerns that Iraq is drifting further into the orbit of an American arch rival — Iran.

Iraq’s stance has dealt an embarrassing setback to the Obama administration, which has sought to enlist Muslim allies in its campaign to isolate Syrian autocrat Bashar al-Assad. While other Arab states have downgraded ties with Assad, Iraq has moved in the opposite direction, hosting official visits by Syrians, signing pacts to expand business ties and offering political support.

After Iraq sent conflicting signals about its support for Assad last month, Iraqi Prime Minister Nouri al-Maliki spoke firmly against regime change in Syria in an interview broadcast on Iraqi television Sept. 30. “We believe that Syria will be able to overcome its crisis through reforms,” Maliki said, rejecting U.S. calls for the Syrian leader to step down. His words echoed those of Iranian President Mahmoud Ahmadinejad, who weeks earlier proposed that Syrians should “implement the necessary reforms by themselves.”

On other issues as well, the Maliki government in recent months has hewed closer to Iran’s stance — Iraq, for example, has supported Iran’s right to nuclear technology and advocated U.N. membership for Palestinians — as the U.S. military races to complete its troop withdrawal over the coming months.

Few policy objectives are more important to Iran than preserving the pro-Tehran regime in Syria, longtime Middle East observers say.

“This is Iran’s influence, because preserving the Assad regime is very much in Iran’s national interest,” said David Pollock, a former adviser on Middle East policy for the State Department during the George W. Bush administration. “Iran needs Iraq’s help trying to save their ally in Damascus.”

U.S. officials acknowledged disappointment with Iraq over its dealings with Assad, while noting that other Middle East countries also have been reluctant to abandon Assad at a time when the outcome of the uprising remains uncertain.

“The Iraqis should be more helpful, absolutely,” said a senior administration official involved in Middle East diplomacy.

Not only do our politicians not understand Monetary Sovereignty, as demonstrated in the many preceding posts, but apparently they also do not understand world politics and religious history. So the question becomes, exactly what do they understand?

Rodger Malcolm Mitchell
http://www.rodgermitchell.com


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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. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings

MONETARY SOVEREIGNTY