CUT, CUt, Cut, cut. The Gap grows ever wider. Thursday, Apr 23 2015 

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.

The following is from the right-wing, Koch-brothers-funded Cato Institute.

A Plan to Cut Federal Spending

This essay proposes phasing in spending cuts that would reach almost $1 trillion annually by 2024.

The federal government has expanded into hundreds of areas that should be left to state and local governments, businesses, charities, and individuals. That expansion is sucking the life out of the private economy and creating a top-down bureaucratic society that is alien to American traditions.

The plan presented here would balance the budget in nine years and generate growing surpluses after that.

Translation: Federal “spending cuts” are reductions in money going to the private sector (i.e. you and me and your children and your grandchildren).

“State and local governments, businesses, charities and individuals” can run short of dollars. The federal government cannot run short of dollars. So the right-wing, Koch “solution:” Make you fund what the federal government easily can fund.

A federal surplus = a deficit for the private sector (you and me). So, “growing (federal) surpluses” take dollars from your pockets.

The rich are not concerned. The areas to be cut do not affect the rich. The cuts will widen the Gap between the rich and the rest.

The solution: Implement the Ten Steps to Prosperity

Proposed Rauner budget cuts kidney transplants for undocumented immigrants

Illinois allowed undocumented immigrants to acquire state-funded kidney transplants last year, a program that is set to be cut under Gov. Bruce Rauner’s proposed budget.

“This is a massacre to our community,” said Jose Landaverde, who led hunger strikes and marches to push for the kidney transplants. “People who need dialysis, they will die.”

Advocates have argued that providing kidney transplants would be cheaper than keeping the state’s 686 non-citizens on the state’s dialysis program, a number that has since dropped to 565, according John Hoffman, spokesman for the Illinois Department of Human Services, which coordinates the state’s Medicaid spending.

Now that undocumented immigrants volunteered to be organ donors under a new law that provides them state-issued drivers’ licenses, advocates added, it would be unfair to not allow them to receive donations.

Translation: Illinois (one of the many financially suffering states that the Cato Institute wants to burden with more expenses) is monetarily non-sovereign. It needs to find ways to cut expenses.

The federal government, being Monetarily Sovereign, creates all the dollars it needs, any time it needs them. The federal government should pay for America’s medical costs, and not put this burden on the states.

The rich are not concerned. They can pay for the best medical care. The cuts will widen the Gap between the rich and the rest.

The solution: Step #2 in the Ten Steps to Prosperity.

8 million phone calls unanswered as IRS cut taxpayer service

The IRS’ overloaded phone system hung up on more than 8 million taxpayers this filing season as the agency cut millions of dollars from taxpayer services to help pay to enforce President Barack Obama’s health law.

For those who weren’t disconnected, only 40 percent actually got through to a person. And many of those people had to wait on hold for more than 30 minutes, IRS Commissioner John Koskinen said Wednesday.

Translation: The federal government collects taxes it neither uses nor needs. It creates all the dollars it needs, simply by paying bills.

Yet despite not needing to ask anyone for its own sovereign currency, the federal government has created a byzantine mountain of tax laws, no average citizen can understand. Then, when citizens call for help from the government, they must wait for hours and still receive no help.

Gotcha!

The federal government falsely claims it had to cut services, in order to pay for other programs, despite the fact that the government never can run short of dollars.

The very rich are not concerned. They have accountants to take care of everything. The cuts will widen the Gap between the rich and the rest.

The solution: Step # 7 in the Ten Steps to Prosperity

Congressional Leaders Agree To Cut Aid To College Students To Pay Student Loan Contractors

Money appropriated for the Pell grant program this year would fall $303 million, or 1.3 percent, to $22.5 billion, according to a proposal first introduced over the summer by retiring Sen. Tom Harkin (D-Iowa).

Most of those funds would instead be used to pay private contractors that collect borrowers’ monthly student loan payments.

Translation: Politicians believe educating the poor and middle-income groups is not important to America.

What do the politicians say is important to America? Collecting on those student loans.

The very rich are not concerned. They don’t need grants and they don’t take out student loans. The cuts will widen the Gap between the rich and the rest.

The solution: Steps #4 and #5 in the Ten Steps to Prosperity.

VA Proposal Could Cut Aid for Veterans

The proposal would eliminate funding for assisted living services that many poor veterans rely on, said Patty Servaes of Elder Resource Benefits Consulting.

“In most cases, these are the poorest of the poor veterans,” she said.

(The benefit pays nursing home staff to make sure patients take their medications and help patients to take a shower, she said.)

The current benefit covers such minimal care, but the proposal classifies help with medications and daily living as non-medical, Servaes said. “Under these new regulations, that’s not going to qualify you,” she said.

Translation: The federal government, which never can run short of dollars, unnecessarily wishes to withhold benefits from poor and powerless veterans.

The rich are not concerned. They can pay for everything they need. The cuts will widen the Gap between the rich and the rest.

The solution: Step #2 in the Ten Steps to Prosperity.

78% oppose Walker’s proposal to cut school aid by $127 million

A strong 78 percent of Wisconsin voters oppose Governor Walker’s plan to cut aid to schools by $127 million, according to a new poll by the Marquette University Law School. Only 18 percent support the proposal.

Nearly as many — 70 percent — oppose Walker’s plan to cut $300 million to the University of Wisconsin System.

“This is one more wake-up call to politicians looking to cut millions more from Wisconsin public schools while increasing tax-funded subsidies to private schools,” said WEAC President Betsy Kippers.

Translation: The right-wing Governor of Wisconsin believes the education of the poor and middle-income groups is not important.

The very rich are not concerned. Their children go to private schools. The cuts will widen the Gap between the rich and the rest.

The solution: Steps #4 and #5 in the Ten Steps to Prosperity.

The list could go on and on. Unnecessariily cut, cut, cut, cut, the purpose of which is not to save money (The federal government doesn’t need to save money.)

The purpose is to widen the Gap between the rich and the rest.

That is what the politicians (bribed by campaign contributions and promises of lucrative employment later) successfully have done.

CUT, CUt, Cut, cut. The Gap grows ever wider.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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)

Initiating The Ten Steps sequentially 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

–They don’t have to satisfy investors and creditors. They only have to satisfy passengers. So why not? Wednesday, Apr 22 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.
●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.
==================================================================================================================================================================

Of late, it has become oh-so-chic to adopt the Tea Party/Libertarian/Republican doctrine that the federal government should be reduced, because it is a corrupt, bloated “leviathan,” while state and local governments are honest, trim servants for the public good.

And don’t even ask the right wing about business, which supposedly is the ultimate of angelic integrity, and lives only to minister to the needs of Everyman.

The trendy effort is to cut federal spending, assign some of its obligations to states (which being monetarily non-sovereign are ill-equipped to handle them), and mostly leave everything to the private sector.

After all, as the right-wing will tell you, government doesn’t produce anything — except for building roads and bridges, paying for the army, inspecting our food and drugs, paying for our courts, supporting grants for Research & Development and providing the myriad other services we take for granted in the good old U.S. of A. The private sector is better at everything — so they say.

In some areas, the states, counties and cities may be more responsive than the federal government, to the public need, because they are “closer” to the citizenry. And the competitive profit motive of the private sector often results in improved product, service and price (if one closes one’s eyes to the ethical violations of the profit motive).

But the federal government has one gigantic advantage over local governments and businesses. The federal government never can run short of dollars. So it has the ability to provide benefits that would be unaffordable for a local government or unprofitable for a business.

I was reminded of this when I read an editorial in today’s Chicago Tribune, excerpts of which follow:

CEOs of America’s three largest airlines say their valuable international business is under attack by three Middle Eastern carriers benefiting from billions of dollars in unfair subsidies from their governments.

The three airlines are American, United and Delta. Have you flown them recently?

I’ve been flying for 50 years. I remember when a flight was a pleasant adventure. The seats were large and plush. The meals, very good, if not excellent. The stewardesses (they all were stewardesses, then) cheerful and helpful.

And we all dressed nicely and acted nicely, because the ambiance demanded it. When you’re in a beautiful, friendly environment, you act and dress for it. It might amaze you young ‘uns, but people actually looked forward to airline travel.

Those were the days of price regulation, which made profits with service possible.

In today’s U.S. airlines, the seats are crammed together, the meals either crummy or non-existent, the service rushed and rude, and the passengers play their slob role, appropriate under the circumstances.

You may find yourself squeezed between two, huge, fat, hairy guys wearing tank tops and no deodorant, who overlap their seats and much of yours.

When you’re in a slum, you respond to your environment. You look, act and dress slummy.

The way United, American and Delta calculate it, the three Persian Gulf states’ airlines (Qatar Airways, Etihad Airways and Emirates) have received $42 billion in subsidies and other benefits from their governments since 2004.

It’s enough money to upend reality in an industry that often struggles financially. And it’s been done, the U.S. carriers contend, in violation of international trade rules.

I’ve not flown Qatar and Etihad, but I have flown Emirates, and the only word I can use to describe the experience is: “Aahhhhhhhhh. What a beautiful ride.”

Airlines, like other global businesses subject to trade pacts, are supposed to compete fairly by standing on their own two feet and attracting enough customers to make a profit, or at least pacify investors and creditors.

But when Smisek and his colleagues look at Qatar, Etihad and Emirates, they see something else. “They’re not actually airlines — they’re an arm of government policy,” United’s CEO Jeff Smisek said.

So there it is as clear as a desert sky. Qatar’s, Etihad’s and Emirates’s flights provide service to passengers that is superior to United’s, American’s and Delta’s, because they are in whole or in part, supported by their government.

They don’t have to satisfy investors and creditors. They have only to satisfy passengers.

Now I ask you: What is wrong with that? What is wrong with a business whose sole goal is to give its customers the best possible experience at a reasonable price? Isn’t that what capitalism and competition are supposed to accomplish?

It’s a lot easier to offer Champagne and caviar on beautiful new planes when you get billions in government subsidies every year.

This is the picture of government meddling that (the U.S. airline CEOs) shared with us.

Oh, that nasty government “meddling,” which allows the general public to know the same kinds of flight experiences that rich people enjoy all the time. Outrageous, isn’t it?

The American CEOs think the only way for Qatar, Etihad and Emirates to grow (so fast) is to not worry about making profits — because their governments are giving them illicit subsidies.

The U.S. carriers want the U.S. government to meet with Qatar and the UAE to negotiate a resolution, and in the meantime impose a freeze on the Mideast carriers’ new routes and flights until this complaint is resolved.

The U.S. airlines haven’t said what kind of relief they want; that would come later, anyway.

Funny, how the solution always seems to punish, rather than reward, the middle-class. Don’t improve service. Instead, freeze the guys who provide the best service. Why? To benefit rich investors and creditors. To hell with middle-class passengers.

Experience says that price competition in the airline industry, harms the public by devolving to terrible service. The airline industry is in a “Spirit Airlines” race to the bottom.

What next? Standing room only, ala subway cars?

The very rich don’t care. They fly private planes, and they are the shareholders and creditors of those penny-pinching airlines.

Though the Tea Party/Libertarian/Republicans would have you believe that private always is better than government, the fact is that what’s “best” is what’s best for the public. That is the whole purpose of government: To provide what’s best for the public.

The solution:
1. Return to airline fare regulation and
2. Provide federal subsidies to airlines, making it possible to provide top service at low prices.

It won’t cost you taxpayers a dime and you fliers who are not among the rich, will receive much better service.

So why not?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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)

Initiating The Ten Steps sequentially 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 Detroit solution is the answer for all of America Monday, Apr 20 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.
●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.
==================================================================================================================================================================

The Detroit we now know, is melting, melting away. There is a solution.

The Continuing Depopulation of Detroit

The latest perversity Detroit officials are inflicting on city residents: the potential eviction of tens of thousands, possibly as many as 100,000 people, all at precisely the same time.

Those (residents who didn’t pay their past due property taxes), the city warned, would lose their homes to tax foreclosure, the process by which a local government repossesses a house because of unpaid property taxes.

Just over 60,000 homes, about half of them occupied, are slated for the auction block.

Mary Crenshaw had come to save her family home in Highland Park, a small city enclosed by Detroit whose once occupied homes sported oak floors and beveled glass windows.

Now, more than half of them are empty, lawns overgrown, windows boarded up, the former homeowners having already ridden earlier foreclosure conveyor belts out of the neighborhood.

This current tax foreclosure crisis comes right on the heels of the city’s last great displacement: the 2008 housing crash, which descended on Detroit like a tidal wave, sweeping nearly a quarter of a million people out of the city and leaving in its wake tens of thousands of vacant properties.

The fact that the city is now threatening to evict a seventh of its remaining inhabitants in a single year, all because of unpaid property taxes, seems like an absurd proposition until you begin to connect the dots: the mass water shutoffs, the shuttering of dozens of public schools, the neglect of fire hydrants in particular neighborhoods, and now this deluge of foreclosures.

For the city’s low-income, black, and elderly residents, Detroit isn’t a city on the rise, but one under siege.

As always, it is the poor and politically weak, on whose backs fall the burdens of recession, local or national or worldwide, while the rich swoop in to gather the belongings left behind.

Like the good Germans who stole the homes of their neighbors (away travelling to Auschwitz), the rich will bid pennies on the dollar for the homes of the Detroit poor and politically weak, sowing great misery and reaping great profit.

There is a solution.

Think of Detroit as an unemployed person. Like all persons, Detroit is what is known as “monetarily non-sovereign.” It owns no sovereign currency.

While it uses the dollar, it cannot create dollars at will (unlike the federal government, which is Monetarily Sovereign and does create dollars at will).

So while the federal government always can avoid running short of dollars (merely by creating more dollars), Detroit can and has run short of dollars.

To survive long–term, you require net income — income at least equaling your spending. Similarly, every business, every city, county and state — all being monetarily non-sovereign — require net income to exceed spending.

No state, county or city can survive on it own internal taxes alone, for that would be like a person surviving by eating his own hand for sustenance. Eventually, one runs short of hands.

What kind of net income? Suburban towns receive income from residents who work outside the town, perhaps in a big city, but spend in the town. This transfers dollars from the big city to the suburb.

Big cities may receive income from their state or from tourism and net exports. States receive income from tourism, net exports and from the federal government. (Most states have a positive cash flow from the federal government.)

Detroit does not receive enough income from tourism, net exports or from the State of Michigan to pay its bills, and presumably, Michigan is unwilling or unable to help Detroit sufficiently.

Consider the cash flows of the thousands of governments, large and small, throughout the U.S. Mathematically, it would be improbable for all to have positive cash flows, so today, as you read this, many monetarily non-sovereign governments struggle with debts they cannot pay.

The long-term survival of every financial entity requires that income at least equal outgo. The federal government uniquely solves this problem by creating dollars ad hoc, when it pays bills, i.e. when it runs deficits.

The U.S. could not financially survive long term unless it ran the deficits that create dollars. And in fact:

U.S. depressions tend to come on the heels of federal surpluses.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.

And therein lies the weakness of world finance, for relatively few entities are Monetarily Sovereign. The U.S., UK, China, Canada, Australia and various other nations are. But France, Italy, Germany and the other euro nations are not.

They use the euro, over which they are not sovereign. This is the primary reason the euro nations are in financial trouble. They are short of euros.

Returning to the United States, how are our cities, counties and states expected to survive long term? How are they all expected to have positive dollar flows?

There is but one way for U.S. cities, counties and states to have positive dollar flows, and that is for the federal government to cut federal taxes and/or to increase federal spending, that is, to run significant deficits.

Federal taxes remove dollars from the cities, counties and states by removing dollars from the citizenry, and federal spending adds dollars.

There is a solution:

Implement Steps #1-#7 and #10 of the Ten Steps to Prosperity (below). It is the answer for Detroit. It is the answer for all of America.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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)

Initiating The Ten Steps sequentially 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

–Just obeying the law and protecting America from foreign criminals Sunday, Apr 19 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.
●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 Americans, as all nations’ citizens do, have an exalted view of our morality and of our “special” position in the world.

People are born much alike everywhere, and to the degree any nation is moral or immoral, really is determined by the morality of its religious and political leaders at any given time.

Human children are not created cruel bigots; they learn cruelty and bigotry from their parents and later from their “quasi-parents,” the aforementioned religious and political leaders.

The immorality, for instance, of Southern slavery, was not due to any fundamental moral poverty of Southerners as compared with Northerners, but rather their leadership countenanced, even legalized slavery.

America has suffered many immoral leaders, leading to many disgraceful actions, through the years. The treatment of Native Americans has been a never-ending disgrace, a stain upon our flag. Our leaders made the laws that made this possible.

The legal internment of Japanese American citizens during WWII is yet another. Roosevelt merely was “protecting America from foreign criminals.”

Many examples, too numerous to describe, of the cruel, immoral laws enacted by our leaders, all give lie to the “specialness” of this nation, or of any nation. We are not special simply if our mothers gave birth here. We are special only when we do special.

The WWII years
Before and during World War II, hundreds of thousands, perhaps millions, of people attempted to flee, first Germany, then Austria and then all of Europe. Comparatively few succeeded, and by war’s end, some 11 million trapped souls had been killed by Hitler and other complicit European leaders.

[Per Wikipedia:] Breckinridge Long was a personal friend of President Franklin Delano Roosevelt, who appointed Long assistant Secretary of State.

Long maintained strict immigration controls mandated by the immigration laws in force at the time.

He wrote: “We can delay and effectively stop for a temporary period of indefinite length the number of immigrants into the United States. We could do this by simply advising our consuls to put every obstacle in the way and to require additional evidence and to resort to various administrative devices which would postpone and postpone and postpone the granting of the visas.”

Long is largely remembered for his obstructionist role as the official responsible for granting refugee visas during World War II. He “obstructed rescue attempts, drastically restricted immigration, and falsified figures of refugees admitted. The exposure of his misdeeds led to his demotion, in 1944.

He has become the major target of criticism of America’s refugee and rescue policy.”

He justified this in his diary by referencing the contemporary strict laws in the United States imposing quotas on the number of immigrants from particular countries, and his great concern about the possibility that Germany and the Soviet Union would introduce spies or subversive agents into the United States amidst the large numbers of refugees.

In his mind, Long merely was obeying the law and protecting America from foreign criminals.

Does that sound familiar?

House Judiciary Chairman Bob Goodlatte (R-Va.) said, “By refusing to enforce the laws against illegal immigration, President Obama’s immigration policies collectively undermine the integrity of our immigration system and send the message to the world that our laws can be violated.

Returning to World War II:

On 13 May 1939, more than 900 Jews fled Germany aboard a luxury cruise liner, the SS St Louis. They hoped to reach Cuba and then travel to the US – but were turned away in Havana.

The captain then steered the St Louis towards the Florida coast, but the US authorities also refused it the right to dock, despite direct appeals to President Franklin Roosevelt.

(The St. Louis was forced to return to Europe, where more than 250 were killed by the Nazis.)

Does that sound familiar?

No childhood here

What drives these children to flee their homes? What causes their parents to put them and their life’s savings in the hands of smugglers? What happens if they fail to reach the U.S.?

Crime, gang threats, or violence appear to be the strongest determinants for children’s decision to emigrate. Whereas males most feared assault or death for not joining gangs or interacting with corrupt government officials, females most feared rape or disappearance at the hands of the same groups.

Those who are returned from the U.S. face additional threats of violence. Gangs forcibly recruit girls to be “girlfriends”. Girls who refuse such advances have been kidnapped and never heard from again, or found murdered.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
California town turns away buses of detained immigrants

In a Southern California small town, angry crowds thwarted detained migrants from entering their community.

In a faceoff with three buses carrying the migrants behind screened-off windows, the demonstrators chanted “Go back home!” and “USA” and successfully forced the coaches to leave Murrieta.

The citizens of Murrieta are neither more nor less moral than anyone else. But they have been influenced by an immoral leadership.

Example, Rep. Steve King (R-Iowa):

King: “To put it simply, the president is importing millions of illegal aliens who when they arrive here he thinks, and he’s right, they are undocumented Democrats, and so the next phase of this is to document these Democrats so they can vote.

It erodes the politics of this country, the respect for the rule of law, and it creates this massive electorate that will likely vote in large numbers for Barack Obama and his party, just like African-Americans have done so after Lyndon Johnson signed the Civil Rights Act, which by the way took the majority of Republicans in the House and Senate to make sure that that passed.

“They don’t understand the law, they come from lawless countries,” King said of undocumented immigrants. “So they’re not at all likely to defend our Constitution or the rule of law.”

The fact that Rep. King first points to the Civil Right Act as a bad example, then claims Republican credit for it, merely indicates how irrational hatred and bigotry can become.

Yes, King simply wants to obey the law and protect America from foreign criminals.

House passes two Republican measures in response to surge of child migrants

House members voted 223 to 189 to approve $694 million in additional funding for federal agencies dealing with the influx of immigrants — a sum far lower than Obama’s original $3.7 billion request.

The bill would tweak a 2008 anti-trafficking law and make it easier for the government to deport Central American minors who have entered the United States illegally.

It also would provide $35 million to border-state governors, who would be given broader legal authority to deploy the National Guard.

As a nation, are we special? If we send children back to be raped and murdered, does that confirm our moral superiority? When history writes the “Book of America,” will this be a chapter of pride or shame?

Will we stand before our ultimate judge and whine, “We were just doing as our leaders told us — obeying the law and protecting America from foreign criminals”?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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)

Initiating The Ten Steps sequentially 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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