–Europe’s slow, painful death: Is it murder or suicide? Wednesday, Oct 1 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
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 more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

The euro nations are dying. There is one word to describe the reason: Austerity.

Actually, there are two words to describe the reason: Monetary non-sovereignty.

Here are some data.

The solid maroon line represents quarterly U.S. growth in Gross Domestic Product (GDP). The dotted blue line represents quarterly euro nation GDP growth.

monetary sovereignty

Every single quarter, since the great recession, the euro nations’ GDP growth rate has been lower than the U.S. growth rate.

Here is another way to look at the same basic data:

monetary sovereignty

From the recession, through the 2nd quarter ofn 2014, U.S. GDP is up about 18% while the euro area is up only about 6%.

Unfortunately, despite being Monetarily Sovereign and having total control over its own sovereign currency, the U.S. also has been practicing some form of unnecessary and harmful austerity (though thankfully, less so than the euro nations).

The U.S. limited its federal deficit spending via sequestration (i.e. the “fiscal cliff”), partly through tax increases (especially the notorious FICA tax) and reduced federal spending.

Additionally, the so-called “debt ceiling” (which was not a ceiling on debt, but rather a ceiling on payment for already existing debt), forced unnecessary budget reductions.

(In reality, payment for federal debt requires no additional dollars; it merely requires the transfer of existing dollars from T-security accounts to checking accounts. But this fact is ignored by those who welcome austerity.)

Because deficit cutting (austerity) always impacts GDP negatively, you will not be surprised by this article:

Factory Prices Tumble in Europe as German Manufacturing Shrinks Before ECB
Bloomberg By Alessandro Speciale

Euro-area factories cut prices in September by the most in more than a year and German manufacturing shrank, underlining the mounting challenge facing Mario Draghi.

The European Central Bank president is on a mission to avert deflation as the euro region’s economic landscape deteriorates. Purchasing Managers’ Indexes from Markit Economics showed manufacturing also contracted in France, Austria and Greece, with a gauge for the 18-nation region pointing to near-stagnation.

A separate report showed spillover to the U.K., with factory growth there at a 17-month low.

(Though the UK is Monetarily Sovereign, having retained the British pound, it not only acts as though it were monetarily non-sovereign by adopting austerity, but its economy is affected by the economies of its neighbors.)

The euro not only is a disaster, not only a predictable disaster, but a predicted disaster.

(“Because of the Euro, no euro nation can control its own money supply. The Euro is the worst economic idea since the recession-era, Smoot-Hawley Tariff. The economies of European nations are doomed by the euro.” RMM June, 2005)

As the euro area’s economic weakness spreads to countries in the region’s core, the ECB will face increased scrutiny tomorrow when it unveils details of an asset-purchase plan.

The fresh round of stimulus comes against a backdrop of weak inflation and stuttering growth, with geopolitical uncertainty and high unemployment weighing on confidence and demand.

It will be interesting to see who will purchase assets and which assets they will purchase. The EU itself, being Monetarily Sovereign, has the unlimited ability to supply euros to member nations. And it should do so.

Instead, it has be asking for quid pro quo, either by lending (and demanding repayment) or by asset purchases (i.e. asset takeaways), both of which impoverish the nations that are in need of help.

The EU neither needs, nor should ask for, quid pro quo. It merely should give euros to nations as needed.

It is very hard to put any positive spin” on the data, said Howard Archer, chief European economist at IHS Global Insight in London. “Clutching at straws, the best that can be said is that it indicates that the manufacturing sector is still growing.”

Euro-area manufacturing expanded at the slowest pace in 14 months, according to today’s report. The gauge stood at 50.3 in September, just above the 50 mark that divides expansion from contraction, and below a preliminary estimate of 50.5.

Europe is dying, and it either is a murder by Europe’s leaders or a suicide by Europe’s masses.

Europe’s leaders, being owned by the upper .1% income/wealth/power group murder the euro nations with austerity. Because deficit cuts always affect the poor and middle more than the rich, austerity widens the Gap between the rich and the rest.

The rich wish to widen the Gap, for it is the Gap than makes them rich. (If there were no gap, no one would be rich, and the wider the Gap, the richer they are.)

Europe’s masses, having been brainwashed by the rich-owned media, the rich-owned politicians and the rich-owned university economists, commit suicide by accepting the euro as beneficial.

Meanwhile, the euro nations voluntarily have surrendered the single most valuable any nation can have: Monetary sovereignty. They have lost control over their money. So, the euro, by its very nature, requires austerity.

Europe is dying a slow painful death — painful to the lower 99%, while the rich prosper.

The only question: Is it a murder by the rich or is it a suicide by the rest?

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

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 latest in our series of unending, unwinnable sheep wars Monday, Sep 29 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
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 more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

An excellent site called OpEd News published an article titled, “11 Sure-Fire Predictions About the War Against ISIS”, By Arlen Grossman.

Here are some excerpts and our comments about the latest sheep war:

1) Our military will kill a lot of people, a great many of whom will be civilians.

Unlike Israel, which has tried to avoid killing civilians, and even warned them in advance of attacks, we will drop bombs wherever we wish, with no warnings and no concerns, and yes, we will kill lots and lots of civilians.

Also, unlike the situation with Israel, there will no be marches in European and American streets, protesting the killing of civilians. And unlike with Israel, there will be no International Court claims of war crimes by our leaders, i.e. Nobel-peace-prize-winning Presidents.

Why is that?

2) Citizens of the territories we invade will hate us for it and we will make new enemies, many of whom will be easy fodder for terrorist recruitment.

Of course. How do you think ISIS created recruits from America?

3) Many American soldiers will die or be traumatized by war and come home broken in body and spirit. We will be paying for their care (and aberrant behavior) for many decades.

Unfortunately, the never-ending wars in Iraq, Afghanistan, Pakistan et al, have numbed us to the devastation we are causing. You no longer read body counts. And we never read injury counts, though is some ways, those would be worse.

Meanwhile, our President has assured us no U.S. troops will be on the ground against ISIS. Sadly, many will be IN the ground, as once again, we are treated to an Obama lie, and the sheep march off to war.

4) The wars will cost more than they are supposed to and will deplete the U.S. treasury of billions–if not trillions–of dollars.

This is the usual Big Lie, that the federal government is just like you and me, i.e. it can run short of dollars.

No, the U.S. Treasury cannot be “depleted of billions — if not trillions — of dollars — for two reasons:

–The U.S. Treasury has no dollars. (If you doubt that, see if you can learn how many dollars the U.S. Treasury has. You will not find such information anywhere.)
–It creates dollars ad hoc, by instructing banks to increase the balances in checking accounts, i.e. by paying bills.

In fact, wars enrich the economy. That is why we have so many.

5) Despite the cost, certain segments in our society–weapons manufacturers, the Pentagon, security companies, cable news networks among them–will profit greatly.

Yes, and they will hire employees and buy goods and services, all of which will grow the American economy. Horrible to say, but for many reasons, wars make for good economics. They not only enrich the economy but stimulate scientific research and development.

From an evolutionary standpoint, these beneficial stimuli are why, despite killing and wounding so many, wars continue to exist.

6) The weapons we provide to our friendly rebels will eventually be used against us.

Probably doesn’t matter much. There are so many countries happily selling weapons to virtually anyone, terrorists have very little difficulty obtaining the best of the “baddest.”

7) We will have other nations as allies, but the U.S. will provide more than 95% of the fighting and funding.

Our leaders don’t care about that. The funding is limitless and economically enriching. And history does not criticize generals and Presidents for deaths and injuries, so long as some sort of “victory” can be claimed.

8) The American people will be lied to and manipulated with fear, thus giving the government further opportunities to spy upon or restrict the Constitutional rights of its citizens.

This is not a “will be.” It’s an “are being.” It’s the same group of lies the gun manufacturers use when convincing the American sheep they need to own guns and to carry them in public. All sheep easily are motivated by fear.

9) If we eventually provoke a terrorist counterattack on our soil, Americans can kiss their remaining freedoms goodbye.

“National security” are the magic words that allow the federal government to do anything. Anything.

Those words allowed Senator Joseph McCarthy to destroy scores of lives. Those words ripped innocent American citizens, of Japanese descent, from their homes during WWII.

Those words allow the NSA to collect and use for any purpose it chooses, any and all information about you, without a warrant or any supervision at all.

“National security” is the most powerful phrase in the English language. Whenever you hear it, you will know for sure, the speaker is a damned liar, who wants to steal something from you.

10) Our stated objectives will fail to be accomplished.

Actually, we will have no stated objectives. Anything remotely resembling objectives will be so vague and limitless as to have no meaning.

Think: What have been our objectives in Afghanistan, Pakistan, Iraq, the war on drugs, the war on crime?

11) Government propagandists and supporters of the war will try to convince us that we are winning.

To paraphrase Senator George Aiken, who when speaking about the Vietnam disaster, said we should declare victory and go home.

Eventually, after losing thousands of American lives and destroying thousands of foreign lives, we will become bored with the whole thing, at which time we will, in fact, declare victory and go home.

Americans still believe in the “unconditional surrender” ending of WWII. Those days of total victory are gone.

The only unconditional surrender will be the American populace willingly surrendering our freedoms to the political/financial conspiracy that widens the gap between the rich/powerful and the rest.

It’s sheep-shearing time. Bah.

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

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 Segarra tapes: Why the Obama administration has not prosecuted even one crooked banker. Saturday, Sep 27 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
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 more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

Back in 2012, we published, “The end of private banking: Why the federal government should own all banks.” The title says it all.

I was reminded of that article when I read this one:

The Secret Goldman Sachs Tapes
SEPT 26, 2014, By Michael Lewis

(A) reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee (Carmen Segarra), of conversations within the Fed, and between the Fed and Goldman Sachs.

First, a bit of background. After the 2008 financial crisis, the New York Fed commissioned a study of itself. This study, which the Fed also intended to keep to itself, set out to understand why the Fed hadn’t spotted the insane and destructive behavior inside the big banks, and stopped it before it got out of control.

(The results:) The Fed failed to regulate the banks because bank regulators were discouraged from (doing their jobs.

In early 2012, Carmen Segarra was assigned to regulate Goldman Sachs, and so was installed inside Goldman. (She found that) Fed employees would defer to the Goldman people; if one of the Goldman people said something revealing or even alarming, the other Fed employees in the meeting would either ignore or downplay it.

For instance, in one meeting a Goldman employee expressed the view that “once clients are wealthy enough certain consumer laws don’t apply to them.” After that meeting, Segarra turned to a fellow Fed regulator and said how surprised she was by that statement — to which the regulator replied, “You didn’t hear that.”

(Before you hear the tape recordings:)

1. You sort of knew that the regulators were more or less controlled by the banks. Now you know.

2. The only reason you know is that one woman, Carmen Segarra, has been brave enough to fight the system. She has paid a great price to inform us all of the obvious. She has lost her job, undermined her career, and will no doubt also endure a lifetime of lawsuits and slander.

So what are you going to do about it? At this moment the Fed is probably telling itself that, like the financial crisis, this, too, will blow over. It shouldn’t.

By now, you may be asking yourself why the Fed employees were so afraid to point out criminal wrongdoing by wealthy bankers, when that is exactly what they are paid to do.

Criminality often starts at the top — in this case, first with President Obama and then with U.S. Attorney General Eric Holder.

There are the two reasons why criminal banksters were not sent to jail, and not only still have their jobs, but received big bonuses. Here is the more benign of the two. We’ll call it the “Holder’s good intentions error”:

How Eric Holder Failed the Economy

In 2002 testing of Enron Corp. auditor Arthur Andersen LLP caused the company to fold, and thousands of innocent people lost their jobs.

Fearing a repeat of the Arthur Andersen debacle, prosecutors were careful to leave companies standing, even as they extracted tens of billions of dollars from banks for transgressions ranging from mortgage-related fraud to laundering money for drug cartels.

Under U.S. Attorney General Holder’s leadership, prosecutors lost sight of what mattered most: holding individuals, not companies, accountable for crimes. Of 21 separate actions against major financial companies from 2009 through May 2014, only eight were accompanied by charges against individuals, and none of them were high-level executives.

Failing to pursue individuals has sent executives the message that if they commit crimes, the worst that can happen is they’ll lose their jobs and shareholders will have to pay up.

Holder was so concerned about hurting innocent people, he didn’t go after the criminals.

Stupid? Yes. Criminal? Maybe. But give the man the benefit of the doubt, and call it “misguided.”

There is, however, a more sinister reason why no banker has gone to jail. Political contributions, aka “bribery.” For example:

Bank of America’s Political Contributions

Bank of America has spend $26.3 million on political contributions since 1989.

Despite tilting heavily toward Barack Obama in 2008, it reversed itself in 2012 on the heels of heightened regulatory scrutiny.

Translation: “We bought Obama but he didn’t stay as bought as he promised. He started to look at us, so we decided to buy the other guy. Too bad he didn’t get elected.”

And then there was:

The Goldman Sachs Group, Inc.
> Total contributions (2012-ongoing): $4,769,994
> Donations to Democratic Party: 29%; Donations to Republican Party: 71%
> Spending on lobbying (2012-ongoing): $1,380,000

Of course, these totals only represent corporate donations, not the millions in private donations from bank executives and other employees.

So the question is, how hard are you going to chase a criminal who gives millions to your political campaign?

And that amount of bribery is why the Obama administration has not prosecuted a single bankster. The money flow simply is too great.

Large, privately owned banks are a curse. Their size, their control over vast amounts of money, combined with their profit motive, makes them ungovernable and their criminality inevitable.

And that is why the federal government should own all banks, especially large banks..

Remove the profit motive and you remove the bribery.

Meanwhile, we wait with great anticipation, for the mainstream media (owned by the rich) to pick up on the Segarra tapes.

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

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

–It isn’t the money; it’s the votes. Naw, it’s the money. Wednesday, Sep 24 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
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 more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================

As usual, the moneyed interests are intent on beating up anyone who isn’t rich. And, as usual, the excuse is taxpayers’ money.

But it isn’t the money; it’s the votes:

GOP: Obamacare ‘bending over backwards’ for illegals

“The Obama administration is bending over backwards to give Obamacare to illegal immigrants but won’t protect hardworking American citizens who are losing their health care coverage,” said Sen. David Vitter, Louisiana Republican and an outspoken critic of President Obama’s health care law.

Translation: “My heart breaks for those ‘hardworking American citizens.’ I have tried to help them by voting to eliminate Obamacare, while providing them with nothing to replace it. I hope they appreciate my efforts.”

“The Obama administration has been granting deadline extensions, making excuses and turning a blind eye to falsified documents by illegal immigrants,” Vitter said. “Enough is enough, and they need to provide answers to why they think illegal immigrants should be eligible for Obamacare.”

Translation: “Yes, I know. Immigrants are human beings. Their children are human beings. If we deny them medical care, they will sicken and die young.

“And, yes I know, it would cost American taxpayers $0 (that’s zero, zip, zilch) to provide comprehensive Medicare to every man, woman and child in America. Our government, having created the dollar in the first place, never runs short of dollars.

“But it isn’t the money (although I pretend it is). It’s the votes.

“Those immigrants are having kids, and those kids one day will vote, and those kids know we right wingers can’t stand the sight of them and never miss an opportunity to screw them. And, being intelligent, those kids will vote against us.

“We have to do everything to make life more miserable for them than it already is, so they’ll ‘self-deport,’ as my hero Mitt Romney used to say.

“That’s why I always appeal to the lowest instincts of humanity and vote against any benefits for those aliens.”

The administration also has promised to make illegal immigrants repay the government for Obamacare benefits they redeemed during the extended document check.

Translation: The American people who voted for Obama thought they were electing a liberal. Gotcha! He’s to the right of Reagan, and much, much lower on the “decency” scale. (Where is Elizabeth Warren when we need her?)

Centers for Medicare & Medicaid Services spokesman Aaron Albright told The Washington Times that the administration had made significant progress verifying immigration documents and sent cancellation notices last week to people who hadn’t produced documents.

“We are committed to assisting consumers and protecting taxpayers by helping to ensure those who are enrolled in Marketplace coverage meet the eligibility requirements.”

Translation: “I know that kicking people off Medicaid has nothing whatever to do with ‘assisting consumers’ amd even less to do with ‘protecting taxpayers,’ but you don’t know that. So, I can lie and get away with it, and the lie makes me sound so very holy, when in fact, I’m a cruel bastard, who cares nothing for human life.”

Barack Obama, America’s “Deporter in Chief,” is the ultimate wolf in sheep’s clothing.” He talks much and does little for the weak and powerless.

In his case, it no longer is the votes. It isn’t even taxpayer’s money. It’s the money he and his family will receive after he leaves office. And that money does not come from immigrants.

That money comes from the people whose primary goal in life is to widen the gap between the rich and the rest.

Meanwhile, middle America believes that denying benefits to the lower income groups will, in some mysterious way, benefit the middle class.

But you middle-class folks don’t seem to remember that trite old saying, “What goes around, comes around,” and the meanness you visit on the immigrants will, very soon, come back to bite you in the butt.

The rich will see to that.

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
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 more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
===================================================================================
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)

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

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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