Mitchell’s laws: The more budgets are cut and taxes inceased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
==========================================================================================================================================

Already, millions have been spent on preparations for this extravaganza. Is the summit worth the cost, inconvenience and danger?

npr

In a little more than a week, thousands of dignitaries, protesters and media are expected to pour into the city as world leaders gather to discuss the future of Afghanistan, and any evolving threats. Chicago officials and protesters alike say they’re ready.

They’re ready for what? Does this sound peaceful?

Protest Groups Detail Plans For NATO Summit
May 10, 2012 1:31 PM

CHICAGO (CBS) – Activists planning anti-NATO protests, marches, concerts and counter-summits gathered Thursday at the headquarters of Occupy Chicago to discuss a week’s worth of events leading up to the NATO summit on May 20 and 21.

WBBM Newsradio’s Mike Krauser reports, with the permit hassles protesters have been having with city officials, protest organizer Andy Thayer said he’s looking for some presidential intervention.

“This president has got to say to Rahm Emanuel, ‘Cut the hell out, guarantee people’s First Amendment rights in the city of Chicago,” Thayer said. “In terms of public convergence, the last time I checked, the First Amendment had not been annulled in the city of Chicago, and so people should feel free to walk the streets.”

Occupy Chicago representative Rachael Perrotta said the First Amendment is the only permit the group needs to stage protests, so the group won’t be seeking any permits for their events protesting the NATO summit. Occupy Chicago will join forces with the Anti-Nato Coalition to stage a weeklong series of demonstrations and forums, addressing issues ranging from foreclosures to immigration reform, and from education to the environment.

From May 18 to May 20, organizers plan to stage a so-called “barefoot summit” at the Petrillo Music Shell in Grant Park – a kind of Chicago Woodstock with local bands, poetry readings, and speeches

Given the enormous cost, the massive inconvenience to the residents of Chicago and the real danger of turmoil, what is the purpose of the NATO summit? Here’s what NATO says:

NATO’s 25th summit meeting

At the Chicago Summit, 20-21 May 2012, NATO will drive forward key principles and policies that will shape the Alliance of 2020 and beyond. It will deliver on decisions taken at the Lisbon Summit in November 2010, turning them into concrete programmes and initiatives.

Allies will commit to maintain the necessary capabilities and to developing cooperation and dialogue with partners. And at a time of austerity, it will be a question of striking the right balance between fulfilling NATO’s shared responsibilities and balancing national budgets.

The summit will principally focus on three main themes:

–the Alliance’s commitment to Afghanistan through transition and beyond;

–ensuring the Alliance has the capabilities it needs to defend its population and territory and to deal with the challenges of the 21st century; and

strengthening NATO’s network of partners across the globe.

NATO is an essential source of stability. In order to maintain its capacity to safeguard the security and values of its members, it needs to continue developing the means to do so and building partnerships beyond the North Atlantic region.

Considering the massive cost and inconvenience, and the real danger of assembling so many high ranking people in one building, I have two questions:

1. Haven’t you been discussing these things every day for the past couple of years?
2. Have you people never heard of video conferencing?

We now live in the 21st century. The world has changed. Even teenagers know how to communicate electronically. Is a physical summit the smartest way for thousands of dignitaries to meet?

Really?

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


==========================================================================================================================================
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. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports

#MONETARY SOVEREIGNTY