Mitchell’s laws:
●The more budgets are cut and taxes increased, the weaker an economy becomes.

●Until the 99% understand the need for federal deficits, the 1% will rule.
●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.

==========================================================================================================================================

See if you can find the United States, the greatest nation on earth, in the list below:

List by the United Nations (2005–2010)
Life expectancy at birth (years)

Top 100 nations

1 Japan 82.6, 2 Hong Kong 82.2, 3 Switzerland 82.1, 4 Israel 82.0, 5 Iceland 81.8, 6 Australia 81.2, 7 Singapore 81.0, 8 Spain 80.9,8 Sweden 80.9, 10 Macau 80.7, 10 France 80.7, 10 Canada 80.7, 13 Italy 80.5, 13 United Kingdom 80.5, 15 New Zealand 80.2, 15 Norway 80.2, 17 Austria 79.8, 17 Netherlands 79.8, 19 Martinique 79.5, 19 Greece 79.5, 21 Belgium 79.4, 21 Malta 79.4, 21 Germany 79.4, 21 U.S. Virgin Islands 79.4, 2 5 Finland 79.3, 26 Guadeloupe 79.2, 27 Channel Islands 79.0, 27 Cyprus 79.0, 29 Ireland 78.9, 30 Costa Rica 78.8. 31 Puerto Rico 78.7, 31 Luxembourg 78.7, 31 United Arab Emirates 78.7, 34 South Korea 78.6, 34 Chile 78.6, 36 Denmark 78.3, 36 Cuba 78.3, 38 United States 78.2, 39 Portugal 78.1, 40 Slovenia 77.9, 41 Kuwait 77.6, 42 Barbados 77.3, 43 Brunei 77.1, 44 Czech Republic 76.5, 45 Réunion 76.4, 45 Albania 76.4, 45 Uruguay 76.4, 48 Mexico 76.2, 49 Belize 76.1, 49 New Caledonia 76.1, 51 French Guiana 75.9, 52 Croatia 75.7, 53 Oman 75.6, 53 Bahrain 75.6, 53 Qatar 75.6, 53 Poland 75.6, 57 Panama 75.5, 58 Guam 75.5, 59 Argentina 75.3, 60 Netherlands Antilles 75.1, 61 Ecuador 75.0, 62 Bosnia and Herzegovina 74.9, 63 Slovakia 74.7, 64 Montenegro 74.5, 65 Vietnam 74.2, 65 Malaysia 74.2, 65 Aruba 74.2, 65 Macedonia 74.2, 69 Syria 74.1, 69 French Polynesia 74.1, 71 Serbia 74.0, 71 Libya 74.0, 73 Tunisia 73.9, 74 Venezuela 73.7, 74 Saint Lucia 73.7, 76 Bahamas 73.5, 77 Palestinian territories 73.4, 78 Hungary 73.3, 78 Tonga 73.3, 80 Bulgaria 73.0, 80 Lithuania 73.0, 80 People’s Republic of China 73.0, 83 Nicaragua 72.9, 83 Colombia 72.9, 85 Mauritius 72.8, 85 Saudi Arabia 72.8, 87 Latvia 72.7, 88 Jamaica 72.6, 89 Jordan 72.5, 89 Romania 72.5, 91 Sri Lanka 72.4, 91 Brazil 72.4, 93 Algeria 72.3, 94 Dominican Republic 72.2, 95 Lebanon 72.0, 95 Armenia 72.0, 97 El Salvador 71.9, 98 Turkey 71.8, 98 Paraguay 71.8, 100 Philippines 71.7

O.K., I made it easy for you. But, there we are, way down the list and trailing most of the “First World” nations.

The Centers for Disease Control and Prevention says this is what kills us:

Number of deaths for leading causes of death
Heart disease: 599,413
Cancer: 567,628
Chronic lower respiratory diseases: 137,353
Stroke (cerebrovascular diseases): 128,842
Accidents (unintentional injuries): 118,021
Alzheimer’s disease: 79,003
Diabetes: 68,705
Influenza and Pneumonia: 53,692
Nephritis, nephrotic syndrome, and nephrosis: 48,935
Intentional self-harm (suicide): 36,909

If you go to WorldLifeExpectancy you find many causes of death that are not common killers in America: Diarrhoeal diseases, HIV/AIDS, Tuberculosis, Malaria, Low Birth Weight, etc. We avoid all those “Third World” diseases. (Although with global warming, we might see malaria come to America.)

One reason for our truly terrible life expectancy may be our awful eating habits. (Thank you Mcdonalds, Taco Bell, Coca Cola et al). According to Huff Post these are the 10 fattest nations in the developed world (with #1 being the fattest):

1. United States
2. Mexico
3. New Zealand
4. Chile
5. Australia
6. Canada
7. United Kingdom
8. Ireland
9. Luxembourg
10. Finland

A second reason for our disgraceful life expectancy probably is lack of exercise, which is related to obesity.

And then there is the 3rd reason:

Monetary Sovereignty

The green colored nations are “Nations with some type of universal health care system.”

While most of the First World nations have some form of universal health care, the most powerful nation on earth doesn’t, What a disgrace. And it is reflected in our miserable health statistics.

Obamacare is a tiny, convoluted, baby step in the right direction. But, the great United States of America should provide Medicare for all — for every man, woman and child in America.

There are only three reasons not to provide Medicare for all, and all are bogus:

1. Universal health care doesn’t work. Look at [insert country name here].” Nonsense. Medicare works. Ask people who have Medicare, and they will tell you its a wonderful system. It’s not perfect, which is why many people buy Medicare supplemental insurance, but its damn good. We old folk have it much better than you youngsters.

2. The U.S. can’t afford Medicare for all.” More nonsense. The U.S. is Monetarily Sovereign. It has the unlimited ability to create the dollars to pay for Medicare for all.

3. Paying for Medicare for all would cause inflation.” Even more nonsense. No one knows this. It’s pure speculation based on zero data. But what do we know for sure:

A.–Since the U.S. became Monetarily Sovereign, in 1971, there has been zero relationship between federal deficits and inflation — this despite massive deficit spending during the Reagan and Obama years.

B.–The Fed successfully has prevented and cured inflation simply by raising interest rates (to make dollars more valuable), and especially with rates near zero, there is plenty of room for increases.

C.–There is no relationship between high rates and slow economic growth.

D.–Unnecessary illnesses cost our economy billions of dollars. This includes the cost of “free” treatments and hospital emergency rooms, lost work time and the costs involved in home care.

E.– Businesses must pay billions for health insurance, adding to the cost of employment, which causes both unemployment and inflation.

F.–Preventative health care, offered by Medicare, prevents more serious, more costly sicknesses, thus saving billions of dollars for patients, for the economy and for the government

Bottom line: The great United States of America must provide Medicare for All — every man, woman and child in America. It’s what a great nation should do, what a great nation must do. Don’t let the small-thinking, mean-thinking, shortsighted politicians talk you out of it with bogus reasoning.

Rodger Malcolm Mitchell
Monetary Sovereignty


==========================================================================================================================================
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