–Greece, if you do it right, you will be among the most prosperous . . . Sunday, Jul 5 2015 

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.
**The single most important problem in economics is
the gap between rich and poor.
**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 between the rich and the rest..

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

Congratulations Greece, you have voted against eternal austerity and slavery to the troika.

Now, if you do it right, you will be among the most prosperous of European nations, while the rest of the euro zone either fades into depression or follows your lead.

Greeks defy Europe with overwhelming referendum ‘No’

ATHENS (Reuters) – Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe.

Financial “ruin” is what Greece has now, and what the troika proposes — endless, ongoing, unpayable debt, impoverishing the Greeks, their children and their grandchildren, forever.

But yes, it may deservedly splinter Europe, with the wise nations re-adopting their own sovereign currencies, and the rest dying the slow death of austerity.

It leaves Greece in uncharted waters: risking financial and political isolation within the euro zone and a banking collapse if creditors refuse further aid.

A Monetarily Sovereign nation need never have a “banking collapse,” so long as it doesn’t succumb to the “borrow-borrow-borrow” siren song of the troika loan sharks.

But for millions of Greeks the outcome was an angry message to creditors that Greece can longer accept repeated rounds of austerity that, in five years, had left one in four without a job. Prime Minister Alexis Tsipras has denounced the price paid for aid as “blackmail” and a national “humiliation”.

Better late than never to come to that realization.

Officials from the Greek government, which had argued that a ‘No’ vote would strengthen its hand to secure a better deal from international creditors after months of wrangling, immediately said they would try to restart talks with European partners.

Oh, no! Oh, no! You Greeks don’t need to “restart talks with European ‘partners.'” They are not partners of yours any more than a Mafia loan shark is a “partner” with his victims.

Issue your own sovereign currency. Become Monetarily Sovereign, again. Demand that your creditors accept your currency in payment, or they will receive nothing.

Pay for health care, education, food for the poor, housing for the poor, your needed goods and services — all with your own sovereign currency.

Tell your citizens to pay taxes in their own sovereign currency.

Go back to where you were before the ill-fated euro experiment in torture began.

But euro zone officials shot down any prospect of a quick resumption of talks. One official said there were no plans for an emergency meeting of euro zone finance ministers on Monday, adding the vote outcome meant the ministers “would not know what to discuss”.

Give those fools the Greek, open-handed “Nah.”

The result also delivers a hammer blow to the European Union’s grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the euro zone could now be on the point of losing its first member with the risk of further unraveling to come.

Yes, the money-lenders are wetting their pants from they won’t be able to keep the Greek people in debt-slavery.

Unable to borrow money on capital markets, Greece has one of the world’s highest levels of public debt. The International Monetary Fund warned last week that it would need massive debt relief and 50 billion euros in fresh funds.

For a Monetarily Sovereign nation, borrowing from foreigners is 100% unnecessary. But that is not what they want you to believe. They want you to think you need their loans.

But, exhausted and angry after five years of cuts, falling living standards and rising taxes imposed under successive bailout programs, many appear to have shrugged off the warnings of disaster, trusting that a deal can still be reached.

The only “deal” Greece needs is a return to Monetary Sovereignty. It will require strong, smart leadership. I can suggest a couple people who could help Greece with that.

Much good luck.

Stay strong and you’ll be strong.

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
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

–The vote: Can Greece’s financial calamity be prevented? Sunday, Jul 5 2015 

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.
**The single most important problem in economics is
the gap between rich and poor.
**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 between the rich and the rest..

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

As I write this, the Greek people prepare to go to the polls. They will vote “yes” or “no” — on what? They have no idea.

Nor do I.

Ostensibly, it could be a vote on whether to remain a euro nation. Or maybe not. No one is quite sure.

Most writers belief Greece should remain. For example:

Greece Should Vote Yes and Europe Should Be Ashamed
Bloomberg By Clive Crook

The vote doesn’t change the calculations that the respective sides will have to make about long-term consequences. It will still be in both sides’ interests to come to an agreement.

Some European officials are ready to see Greece default and exit the euro system. If Greeks vote no, that view may gain ground and the chance of Grexit certainly goes up.

If the voters say yes, there’s a better chance that the EU and the ECB will offer help to stave off both default and Grexit. At least in the short-term, yes is the better path to less economic pain.

By submitting to the EU, Greece might incline the creditors to be generous in victory. Europe might finally concede what Tsipras has long been demanding and what has always made sense from the creditors’ own point of view — to bundle debt relief and a milder profile of fiscal consolidation into a third bailout program.

“Less economic pain”? “Creditors generous in victory”? Puleeze!

Visualize that you are deeply in debt to a criminal syndicate. You already have given them every cent you have, but it’s not enough to pay your debt. So they come to you with a new deal.

They will lend you the money to pay your past debt, but only if you give them your house and car and all your future earnings. This will require that you and your family starve in a cardboard box on the street.

It also will insure that they can continue bleeding you forever. You never will emerge from debt.

That is the deal the troika has offered, and always will offer, to the Greeks.

But you have an alternative. You can tap into a source of money that will allow you to pay off all the debt. No longer will your family be bled dry. No longer will they be forced to live in a cardboard box on the street.

Which do you prefer? The syndicate “bleed forever” deal or the pay-off-all-debt deal?

The source of money for Greece is called Monetary Sovereignty. Greece can revert to the drachma, a currency they would have the unlimited ability to create.

They should announce that they will pay all debts in drachmas and collect all taxes in drachmas.

Some believe Greece’s return to Monetary Sovereignty will be a financial calamity for Greece and the world.

Nonsense.

The European Unit of Account (EUA), a basket of currencies, was introduced in 1975. The European Currency Unit (ECU), also a basket of currencies, replaced the EUA, 1 for 1, on March 1979.

Then, on January 1, 1999, the euro replaced the ECU, 1 for 1.

In the past 40 years alone, there has been a great deal of currency shuffling by the European nations, and none of these changeovers caused financial calamity.

Seventeen nations have surrendered their own sovereign currencies, to adopt the euro. No financial calamity in that changeover.

Some European nations did not adopt the euro, but still remain part of the European union. No financial calamity in that lack of changeover.

Greece itself, did not adopt the euro until the euro was two years old. No financial calamity in that changeover.

But now, we are expected to believe Greece’s “unadopting” of the euro would cause a financial calamity.

Here is what would be a calamity: Greece’s continuing to bleed its citizens forever, to pay the rapacious lenders of the troika.

Those lenders don’t want to lose their cash cow, so they spread the financial calamity nonsense.

What was done, can be undone, and the sooner the better for the Greek people.

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
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

–Hitler in America. Why a bigot can win the Presidency Saturday, Jul 4 2015 

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.
**The single most important problem in economics is
the gap between rich and poor.
**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 between the rich and the rest..

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

If you want to know why a bigot can win the Presidency, read what people say.

Republican Donald Trump is an obvious and transparent racist. Made rich by his daddy, he surrounds himself with boot lickers, telling him he’s right — and like many rich fools, he believes what they tell him.

He appeals to the worst and lowest aspects of American society — the haters and those of low morals and intelligence, who leap at the chance to blame someone, anyone, for their own deservedly low self esteem:

Donald Trump doubles down on Mexico ‘rapists’ comments despite outrage

Trump claimed statistics show that Latino immigrants are more likely to perpetrate rape than the wider population. However, the Fusion article he referred to said 80% of women crossing the Mexican border are raped along the way, often by criminal gangs, traffickers or corrupt officials.

When CNN host Don Lemon pointed out that Trump had misread the article, the former Apprentice host said: “Well, somebody’s doing the raping, Don! I mean somebody’s doing it! Who’s doing the raping? Who’s doing the raping?

“If you look at the statistics of people coming, you look at the statistics on rape, on crime, on everything coming in illegally into this country it’s mind-boggling!”

Trump’s entire statement was: “When Mexico sends it’s people, they’re not sending their best . . .” [Comment: Mexico is not “sending” people. People are fleeing Mexico to come to America for a better life.]

“They’re sending people who have lots of problems. And they’re bringing those problems to us. They’re bringing drugs . . . “ [Comment: The vast majority of arrested undocumented immigrants (actually 95%) are not charged with bringing drugs. They are charged only with . . . that’s right: Being undocumented. That is their crime.]

“They’re bringing crime . . .” [Comment: Does Immigration Increase Crime? The results of the analysis are clear: “There’s essentially no correlation between immigrants and violent crime. Given some media depictions of immigrants as violent, or associated with human trafficking and the drug trade, this finding may come as a surprise to many. There’s a long perception that immigration increases crime, and when you look at neighborhoods where lots of immigrants live. These are typically not the best neighborhoods. These are violent places. So there’s this anecdotal association between immigrants and violent crime that just doesn’t turn out to be true in the data.”]

“They’re rapists. . . ” [There is zero data to support this. Trump twisted a report that said Mexican women are being raped on the way here — a huge jump from Mexican immigrants being rapists.]

Finally, Trump uses the standard bigot’s excuse: “I love the Mexican people; I do business with the Mexican people.”

It’s a take on the old, “Some of my best friends are black,” line.

Any moral person of normal intelligence will see Trump for what he is, a big-mouthed, egomaniacal extremist, as much a danger to America as Hitler was to Germanyand using the same tactics.

Sadly, America has its share of low-morals followers, as witness some of the comments at:

Bush says he takes Trump’s immigration remarks personally

When Trump announced his presidential bid last month, he criticized Mexico and immigrants who come to the U.S. illegally. “They’re bringing drugs,” he said. “They’re bringing crime. They’re rapists.”

COMMENTS BY READERS

–America is sick of the illegal alien problem and Americans are overwhelmingly against any type of amnesty for illegal aliens. Anybody that is anything short of a turnip has figured out by now Jeb Bush isn’t going to do a damn thing about illegal aliens except something that favors and coddles illegal aliens. If elected, Jeb would be a middle of the road push over…a piece of light bread soaked in water. Trump is at least old school tough and not afraid to speak out. We would be way better off with Trump.

–I work at a rural Colorado hospital and am offended every time a fence jumper delivers ANOTHER baby (aka an instant American citizen)…FREE OF CHARGE…on my dime! I am offended that ILLEGALS are allowed to qualify for housing and food assistance…ON MY DIME! These criminals refuse to assimilate and hang their Mexican flags on their porches. I would much rather see our Confederate Flag than a Mexican one. Maybe we should throw a liberal hissy fit and we, the people, ban MEXICAN FLAGS!

–This just shows that Bush has a lot more in common with the Dems than with his own party. Trump, is the only GOP nominee who has come out strongly against immigration and that is what the conservatives want to hear.

–Bush also implied he would be telling conservatives to embrace policies like amnesty and Common Core, which is reminiscent of former Utah Gov. Jon Huntsman’s all-in approach to global warming during his failed 2012 presidential campaign.

–Did anyone ever tell Bush 69% of the american people oppose illegal immigration? About 58% of Americans support deportation of all illegals. Sound pretty mainstream to me.

–How about the many American citizens who have also been killed and murdered, by illegal aliens, including our law enforcement officers; are you taking those murders personally too?

–What about the 25 American citizens who are killed each day by illegal aliens, either by traffic accidents (i.e. drunk driving, hit-and-runs, etc.), during the commission of a crime, and unlawful discharge of firearms; are you taking those personally too?

And, I couldn’t pass up this beauty at: Stupid comments:

He is arrogant and cocky, I can deal with that, at least the jews don’t own him and the jew media, while they try, can’t unsettle and move him off the real points and issues instead of the jew issues of promotiing kweeers and empowering the neegers and illegals like they, all while making iran look bad, while they kill palestinian kids by the thousands..If you doubt me, start looking at the sir name of all the writers and key people in indsutry.. all Jews.. 1% of the population leading the dumb down masses and they are winning the battle, down with the jews and up with trump

Ah, a Trump follower, who isn’t even smart enough to realize that Trump’s daughter married a “jew” (sic) and converted to Judaism.

The hate and bigotry goes on and on. You find this particularly on right-wing web sites.

Why? Because the right wing has been sowing the winds of hatred since Obama became President, and now America is reaping the whirlwind.

No Republican candidate has a chance to be nominated unless he/she spews the anti-science, anti-poor, anti-black, anti-brown, anti-gay, anti-women, pro-rich platform.

Through most of my life, I actually voted Republican, but the current extremist, hateful, religionist bent of the party is too reminiscent of Hitler for my taste. It should be repugnant to every American.

If you are part of any minority in America, you should be very frightened. History is littered with Hitlers, Stalins and Maos. Most dictators have used bigotry and hatred to gain political power.

I pray American will see Trump for what he is. Or the America, of which we are so proud, will be no more. We’ll be Nazi Germany.

And don’t think it couldn’t happen here.

The Germans didn’t think it could happen to them, either.

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
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

–The great Iran nuclear threat lie. Saturday, Jul 4 2015 

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.
?The single most important problem in economics is
the gap between rich and poor.
?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 between the rich and the rest..

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

Do politicians ever stop lying? Does a flea-ridden dog ever stop scratching?

1. As we all know, Iran is a nuclear threat to (Pick one):
_____ America
_____ Israel
_____ The Middle East
_____ The eastern hemisphere
_____ All of the above

2. And, as we all know, Iran is ruled by (Pick one)
_____ Crazy, irrational religionists
_____ Smart, dangerous religionists
_____ Deceptive, duplitious religionists
_____ All of the above

3. As we all know, we can stop Iran from getting “the bomb” by (Pick one):
_____ Negotiating with them
_____ Bombing them
_____ Invading them
_____ All of the above

4. We all know these things to be true, because:
_____ Barack Obama told us
_____ John Kerry told us
_____ Bebe Netanyahu told us
_____ All of the above

If you substitute “Iraq” for “Iran” and “Bush” for “Obama,” you’ll see why this movie sounds familiar.

So where do we stand today? We have “the bomb.” So does Russia, China, India, Pakistan, the UK, France, Israel, North Korea and heaven knows who else.

Of all these, only the U.S. has actually dropped the bomb on someone.

But we are, and always will be, ruled by logical, thoughtful, peaceful governments — especially if a level-headed leader like Donald Trump, Ted Cruz, Ben Carson, Chris Christie, Mike Huckabee, Bobby Jindal, Rick Santorum, or yet another Bush becomes president.

We know we can trust them to keep us safe.

The rest of the nuclear nations also are ruled by logical, thoughtful, peaceful governments, especially North Korea. So it is vital to world peace that Iran, the only nation ruled by religious or political nuts, be prevented from having nuclear weapons.

That is why I am so relieved by this article:

Iran atomic bomb probe may be completed in 2015: IAEA

Vienna (AFP) – A long-delayed investigation into whether Iran has sought to develop nuclear weapons could be completed by the end of the year with Tehran’s help, the head of the UN atomic watchdog said Saturday.

Following his talks in Tehran earlier this week, UN watchdog chief Yukiya Amano said “progress was made on the way forward, but more work is needed.”

“With the cooperation from Iran I think we can issue a report by the end of the year on the … clarification of the issues related to possible military dimensions,” Amano told reporters before heading into talks with global powers in Vienna.

Oh, thank heavens. I wasn’t worried about Russia, China, India, Pakistan, the UK, France, Israel, North Korea bombing us or allowing terrorists to gain control over a bomb.

But I was in an absolute panic about Iran, which is why I genuflect daily in front of a John Kerry statue in my bathroom. Just knowing that Iran may not have the bomb for at least — what, five more years? — gives me hope for peace in the world.

And that is why I’m delighted that President Obama has invested so much of his attention to Iran and his anger at Israel, rather than on, for instance North Korea or China. After all, he knows where the danger to America really lies.

And speaking of lies, what about Iraq’s Weapons of Mass Destruction that cost thousands of American boys and girls their lives and limbs? Shouldn’t we attack them, too?

Oh, you mean, the previous Bush . . .

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
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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