Who wins the stupidity wars? Friday, Apr 3 2020 

Who wins the stupidity wars?

RUNNER STUPIDITY.png

And the winner is . . .

We’ve grown accustomed to Trump’s idiocies — his claim that he will replace Obamacare with “something great” (though he had no plan and still doesn’t), and that he “saved pre-Existing conditions in your healthcare” (while he goes to court to destroy the very program that offers coverage for pre-existing conditions).

OK, so that’s the Trump/FoxNews/BreitbartNews “Say stupid” system for eliminating any credibility the conservative movement once had.

Lately, amidst all the daily lies coming from the right, we had Georgia Governor Brian Kemp claiming on April 1, “. . . we didn’t know until the last 24 hours”  that people can be asymptomatic throughout the (COVID-19) disease and still spread it.”

(Fortunately, stupidity itself can be spread only when people are symptomatic.)

Sen. Blackburn — no genius

And now, we have Senator Marsha Blackburn (R-TN), whose latest contribution to right-wing stupidity is this:

Blackburn: China ‘Should Waive Some of Our Debt’ — ‘They Have Made a Global Pandemic Worse’

The United States owes nearly $1.08 trillion to Mainland China. Senator Marsha Blackburn (R-TN) argues China should consider waiving some of that debt given the communist nation’s role in the spread of the COVID-19/coronavirus.

The so-called federal “debt” is the total of deposits into Treasury Security Accounts held at the Federal Reserve Banks. This is China’s money, held by the U.S. government for safekeeping, at the direction of China.

Is Sen. Blackburn really suggesting that China give the U.S. government a few billion dollars? Does she not know that the U.S. government, being Monetarily Sovereign, has the unlimited ability to create dollars.

Does she not realize that China. like the U.S., is Monetarily Sovereign, so it too has the unlimited ability to create its own sovereign currency, which it can exchange for all the dollars it needs.

For China to give U.S. dollars to the U.S. federal government would be like you pouring a 1/100th thimbleful of water into the Pacific Ocean. It wouldn’t punish you and it wouldn’t reward the Pacific Ocean.

“One of the things is my Senate Resolution 553, which it expresses the sense of the Senate — that we know this came from Wuhan, China, and that they hid the information and were not transparent, that they blocked the World Health Organization and the CDC from coming into help.

“They tried to blame it on the U.S. military. And we hold them accountable.”

Clearly, Sen. Blackburn does not understand the irony of her statement.

It was her peerless leader, Donald J. Trump, who “hid the information and was not transparent,” and it is was Donald J. Trump who fired the U.S. pandemic response team in 2018.

And after first denying that there has been a slow response to the virus, Trump now blames impeachment for the slow response to coronavirus.

Perfect . . . as perfect as Trump’s famous phone call.

“I will tell you I think we need to look at the fact that China owns over a trillion dollars of our debt,” she said. “They like investing in us. Why do they like that? Because we are a safe debt for them — a safe place for them to put their money.

And knowing that they have made a global pandemic worse than it ever would have been because of their action — they should waive some of our debt.

They have caused us a tremendous amount of loss of life, loss of businesses, suffering, inconvenience, shutting down our economy.”

Yes, T-deposits are a safe place to put their U.S. money; safety is one reason why the U.S. provides for the deposits. That safety helps stabilize the dollar, which benefits us.

But, if Sen. Blackburn wants China (unnecessarily) to give the U.S. government some U.S. dollars, what does that have to do with the deposits?

China could (unnecessarily) send a billion, or even a trillion U.S. dollars to the U.S. government, just by pressing a computer key. This has zero relevance for the so-called “debt.”

Another component the Tennessee Republican argued for on the accountability front was to bring elements of manufacturing back from China to the United States.

“These are all things that we should take into consideration — bringing our manufacturing back, not only our pharmaceutical manufacturing — I was working with one of my colleagues today,” Blackburn explained. “There are other things we can bring back and put America back in the manufacturing business.”

“I told the Vice President the other night — I said, ‘Look, we should take my bill and some others that are focused on manufacturing and call it the MAMA Act — Make America Manufacture Again,’” she said. “And bring these jobs back to U.S. shores.”

And the purpose of “putting America back in the manufacturing business” is to what?

To increase our consumer prices, by forcing Americans to pay more for goods?

Or, to send U.S. dollars to a U.S. government that doesn’t need dollars?

Or, switch America to more manufacturing employment, which is far more vulnerable to pandemics than, for instance, online businesses?

We have borrowed $2 trillion to stabilize our economy.

China will turn around and buy that debt. They’ll buy that. That’s where they’ll park their money. They’ll buy those bonds. They’re going to end up enriching themselves through a problem that they caused.”

First, “we” (the federal government) didn’t borrow anything. We accepted deposits. We don’t need the dollars. We create all we need at the touch of a computer key.

Second, China parks their dollars there, as a safe, trading convenience. It’s good for us and it’s good for them. It helps stabilize the U.S. dollar.

Third, those deposits do not “enrich” China.

So Sen. Blackburn’s entire argument is a ballad to ignorance. She has absolutely no idea about how federal finances work, apparently believing they are like personal finances.

About the only thing I can say in defense of yet another bit of conservative obtuseness is that the liberals can be, and often are, stupid, too.

It’s just that beginning with “Dubya” Bush, and now Trump leading the conservative team, they have a huge, unfair advantage in the stupidity wars.

Because Trump says something stupid almost every day, we need to refresh our memories,  with this, this, this, this, and this. In the stupidity wars, Trump is the big gorilla  — the dumb one.

And then, if you add the conservatives’ dumb bigotry against everyone who is not a native-born, American, white, Christian, old male, having native-born, American, white, Christian parents, there really is no contest.

Conservatives win by a parsec.

And hey, who needs Medicare for All, anyway?

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

Here is how and when America will die: The “Hungary Scam.” Thursday, Apr 2 2020 

Here is how America will die:

UNITED STATES OF AMERICA 11-3-2020.png

Elections end

Hungary’s Viktor Orbán now rules by decree in troubling example of how coronavirus fear enables authoritarians to tighten their grip
The Conversation
Umut Korkut, Chair professor, Glasgow Caledonian University
The Conversation•April 1, 2020

On top of the health crisis it has created, the coronavirus emergency is providing authoritarian governments with a new tool to consolidate control.

One of the most striking examples so far has been in Hungary, where the parliament has voted to allow the government of prime minister Viktor Orbán the power to rule by decree – effectively indefinitely.

This means that the government can do anything that it considers important to fight against the coronavirus.

Parliament can, technically vote to end this extra power, but Orbán’s party Fidesz has a two-thirds majority.

The Constitutional Court can investigate the legality of any governmental decrees Orbán produces, but again, he has made sure it is packed full of judges chosen by his party.

Fidesz has also introduced a clause that prevents any by-elections or referendums from being held during the crisis.

The when is November, 2020.

If you think this is unlikely, did you read what Chicago’s “Trumpie” columnist John Kass said in today’s column?

Kass makes negative awards he calls “Mouzas” (a hand thrust into someone’s face) to any who displease him:

Speaking of ballots, I wonder if the Illinois Department of Public Health will be asking those who test positive these questions:

“Did you vote at an Illinois polling place on March 17 or have you been in contact with anyone who did, or anyone who served as an election judge?

“And even though you have coronavirus and could die, are you still really glad Gov. J.B. Pritzker closed all the restaurants and bars for your safety while refusing to postpone the election?”

I don’t think Pritzker’s teams of coronavirus trackers will put it that way.

“Pritzker stood up there, in front of TV viewers stating it was ALL about democracy and in the same breath said COVID-19 was deadly,” said Tom McClaughry.

“Oh boy, so much for caring about the people. He has my vote and my ONLY vote for the Moutza. Naaah!!”

“He stands up there complaining about the White House, but keeps the (bleeping) primary open? NAH!”

So there is Trump toady Kass, complaining that Illinois Governor Pritzker didn’t stop the primary election.

Think of the kind of crooks Trump and his pals are. Then think of Trump’s herd of toadies in Congress and on the Supreme Court, and it isn’t much of a stretch — in fact it’s a probability — that Trump and his gang of bootlickers will try the “Hungary” scam this November.

Kass, FOX News, Brietbart et al will justify whatever happens.

Watch for it.

And that will be how and when America will die.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

The Pols are in no rush. They have paying jobs, so why worry? Wednesday, Apr 1 2020 

Here are excerpts from an article in today’s Chicago Tribune.

Early divisions as Congress mulls more aid
Dems brainstorm ideas; GOP wants to assess situation
By Alan Fram, Associated Press
WASHINGTON — The bipartisan partnership that propelled a $2.2 trillion economic rescue package through Congress just days ago is already showing signs of strain, raising questions about how quickly calls for massive follow-up legislation may bear fruit.

House Speaker Nancy Pelosi, D-Calif., and fellow Democrats are collecting ideas for the next stab at stabilizing an economy knocked into free fall by the coronavirus outbreak.

Their proposals include money for extended unemployment benefits, state and local governments, hospitals and a job-creating infrastructure program, plus expanded job protections and benefits for workers.

“It’s a wonderful opportunity,” Pelosi told reporters this week, “because I think our country is united in wanting to not only address the immediate needs of the emergency and mitigation for the assault on our lives and livelihood, but also how we recover in a very positive way.”

Congress’ top Republicans say not so fast. They want lawmakers to gauge how well the huge, newly minted bailout programs are working and how the economy is behaving.

Visualize the fire department is pouring water on the fire, but the fire still is getting worse and worse. The fire chief says, “No more water until we gauge and assess the situation.”

What is there to “gauge” and “assess”? Congress and the President already have wasted too much time with inaction. Their foot-dragging has doomed too many Americans to death.

But now they want to “gauge” and “assess.” What will they learn other than that $2 trillion worth of “water” was not enough to control the “fire”?

What is wrong with these people?

Here is what is wrong:

And they’re accusing Pelosi of planning to use the next bill to win Democratic priorities like environmental requirements and moving the country toward ballot by mail elections.

Oh, how awful: Help save the environment. In the GOP world, it is better to let both the environment and the economy be destroyed, than to allow any “Democratic priorities.”

“Let’s see how things are going and respond accordingly,” Senate Majority Leader Mitch McConnell, R-Ky., said Tuesday on Hugh Hewitt’s talk radio show.

He said that could take weeks and added, “I would think any kind of bill coming out of the House I would look at like (President Ronald) Reagan suggested we look at the Russians — trust, but verify.”

“I’m not sure we need a fourth package,” House Minority Leader Kevin McCarthy, R-Calif., said on Fox News’ “Sunday Morning Futures.”

“Hey, what’s the rush”? says Moscow Mitch and McCarthy, both of whom have well-paying jobs. “Let’s take our time and ponder this, while people are dying.”

But then, comes a voice of reason from a very unlikely source:

Throwing another wild card into the mix, President Donald Trump on Tuesday blindsided congressional Republicans and embraced using the next round for a massive infrastructure package.

Many in both parties have supported such a program before, but some Republicans have opposed it as too costly and there have long been crippling disagreements over how to pay for it.

“It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4,” Trump tweeted.

Who would have expected Donald Trump, of all people, to make a sensible proposal?

McConnell and McCarthy are proven fools of no value to America. And so is Trump. But while “Mc and Mc” continue to play the fool, suddenly Trump speaks truth and wisdom.

I should mention, that at one time Trump also suggested getting rid of FICA, which was another excellent idea, that he didn’t pursue. Is this the “stopped clock” syndrome, where a stopped clock is right twice a day?

There seems little doubt that if the economy remains near its current morbid state, the major question facing lawmakers will be what the next bill should look like, not whether to have one.

Growing numbers of business close by the day, consumer spending is plummeting and millions are losing jobs as much of the country shelters at home, a devil’s brew that could be lethal for politicians to ignore before November’s presidential and congressional elections.

” . . . if the economy remains near its current morbid state . . . ” IF?? Does he mean IF the giant fire continues to burn, and IF people continue to die, the pols might have to do something about it?

Meanwhile, useless “Mc and Mc” fiddle, “gauge,” and “assess” while the whole world burns.

“I think there’s a deal to be had this time” on infrastructure, said Rep. Greg Walden of Oregon, top Republican on the House Energy and Commerce Committee.

Still, he said reaching agreement on another expensive package could be harder after last week’s $2.2 trillion bill.

“We’ve already broken apart our grandkids’ piggy bank, we’re now getting into the great-grandkids’ piggy banks, so let’s be thoughtful on this,” he said.

And there, once again, is the Big Lie that taxes pay for federal spending. How long, oh lord, how long will these politicians be allowed to use the Big Lie as an excuse for doing nothing, while they sit back and collect salaries?

He said while the economy will likely need another large cash infusion to recover, Democrats pushing more spending will clash with Republicans eager to use tax cuts instead, such as suspending employers’ payroll tax like Trump has proposed.

All are good: Cash infusion, tax cuts, suspending FICA. All are good. All pump money into the economy, and that is the key.

The economy’s single biggest problem today is lack of money; the only solution is to add money to the economy.

And the federal government is the one agency that has the unlimited power to add money.

Clearly the size, contents and timing of the next bill are in play. And the Trump administration, lawmakers, lobbying and ideological groups are all pushing ideas.

Trump has publicly suggested he’d support extra money for state and local governments and for some type of hazard pay for front-line medical workers.

Former Vice President Joe Biden, Trump’s likely Democratic presidential opponent, has said he wants additional direct payments to people beyond the one-time $1,200 amounts many adults will get.

He also wants increased Social Security benefits and some student loan forgiveness.

Pelosi’s proposals include easing limits on federal deductions for state and local taxes, a curb the GOP-controlled Congress enacted in 2017 that’s hit high-income, Democratic-leaning states the hardest.

Her suggestion has run into opposition from both parties.

All of the above are good ideas. All pour water on this out-of-control fire.

Just do it, do it, do it. Do them all. Do them now. The federal government can afford anything, but someone has to push the button.

Stop the political infighting and act like leaders.

We are dying out here.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

Suddenly, I’m a genius. Wednesday, Apr 1 2020 

Suddenly, I’m a genius. How did that happen?

Answer: The COVID-19 crisis. There’s nothing like a crisis to force people to re-think the myths that helped exacerbate the crisis.

For about 25 years, I’ve been telling anyone who would listen that, contrary to popular myths:

  1. The U.S. government’s finances are unlike state and local governments’, and unlike euro governments’, and unlike businesses’, and unlike yours and mine. The federal government uniquely is Monetarily Sovereign. Two hundred forty years ago, it created from thin air an arbitrary number of the first U.S. dollars. It did this by creating laws from thin air. The U.S. dollar is a product of U.S. laws.Greenspan quote.png
  2. The U.S. government still retains the ability to create laws and its own sovereign currency, the U.S. dollar from thin air. Using its laws, the government can give its dollars any value it chooses (which it arbitrarily has changed multiple times).
  3. Even if all federal tax collections fell to $0, the U.S. government could continue spending forever. It never can run short of U.S. dollars.Bernanke quote.png
  4. The government creates dollars by spending. To pay a creditor, the government sends instructions (via check or wire), to the creditor’s bank, telling the bank to increase the balance in the creditor’s bank account. The instant the bank obeys those instructions, new dollars are created and added to the M1 money supply.
  5. The federal government destroys all its income, including all your tax payments, upon receipt. When the government receives your tax dollars, your checking account is reduced, which reduces the nation’s M1 money supply. Meanwhile, the received tax dollars cease to be part of any money supply measure, so they effectively are destroyed.St louis fed quote.png
  6. The federal government does not borrow. It accepts deposits into T-security accounts. When you buy a T-security (T-bill, T-note, T-bond), you actually deposit your dollars into your T-security account at the Federal Reserve bank. There, the dollars remain, gathering interest, until maturity, at which time the government returns the dollars to you. No tax dollars are involved at any point in the process.
  7. Neither you, nor anyone else, owes or pays for the federal “debt.” Federal debt is not typical debt. It is the total of dollars deposited into T-securities accounts. The federal government, having no need for these dollars, does not touch them. They remain in your account until the T-securities mature.
  8. The purpose of T-securities is not to provide the government with dollars, which it creates at the touch of a computer key. The purposes are: To provide a safe storage place unused dollars (which stabilizes the dollar) and to make Americans believe dollars are scarce to the government (so the people will not ask for benefits).
  9. Neither the federal debt or federal deficit are a burden on anyone. The federal deficit is the net amount of money the federal government has added to the economy. Thus the federal deficit is the economy’s surplus.warren buffet quote.png
  10. A growing economy, by definition, needs a growing supply of money. Gross Domestic Product (GDP), the prime measure of an economy = Federal Spending + Non-federal Spending + Net Exports.
  11. Mathematically it impossible for an economy to grow unless its money supply grows. That is why federal deficits grow the economy (GDP.)
  12. Federal surpluses cause recessions and depressions by shrinking the supply of dollars in the private sector. Every depression in U.S. history has come on the heels of federal surpluses. Most recessions have resulted from reduced deficit growth.
  13. The GDP/Debt ratio, so often cited, is a meaningless fraction.  The amount of national (public and private) spending vs. the total of all T-security accounts has no relevance in economics. The federal government could accept deposits in T-securities’ accounts without running a deficit, and it could run a deficit without accepting deposits into T-securities accounts. The two are not related.
  14. Federal deficit spending does not “crowd out” private spending. The opposite is true. Because federal deficit spending adds dollars to the economy, it facilitates private spending. A more complete discussion can be found here.
  15. The U.S. government should not try to increase the balance of trade. Imports are more beneficial than exports. With imports, the federal government exchanges easily created dollars for difficult-to-create goods and services.
  16. Inflations and hyperinflations are not caused by government “excessive” spending. They are caused by shortages of key goods, usually food and/or energy. Ironically, inflations and hyperinflations can be cured by increased government spending to obtain the scarce goods and tribute them to the public.
  17. The most important problems in economics involve: Monetary Sovereignty, which describes money creation and destruction, and Gap Psychology, which describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”
  18. The rich, who run America, wish to widen the Gap, because it is the Gap that makes them rich. Without the Gap, we all would be the same, and the wider the Gap, the richer they are.
  19. The sole purpose of government is to improve and protect the lives of the people. Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.
  20. The Ten Steps to Prosperity should be implemented to grow the economy and to narrow the Gap between the rich and the rest.

That’s a great number of popular myths, debunked. For lo these 25 years, I have enjoyed receiving epithets ranging from “commie” to “stupid,” to the carnal, to “lib,” and now suddenly, I’m a genius. And being a “lib” isn’t quite so outrageous.

With the government BV (before virus) already planning to run a $1 trillion deficit, and now DV  (During Virus) planning to add about $2 trillion more to the deficit — and all without raising taxes —  it has become clearer to my intelligent friends and enemies that the above 20 statements have validity.

Now, if only we could communicate the facts to the nation’s opinion leaders — the media, the politicians, and the economics professors — we might detach ourselves from the COVID-19 depression that hovers in our future.

Sadly, America needs more trillions than the government already has allocated, to stave off a massive depression. I calculate that at least $7 trillion is needed, depending on how it is allocated.

Though I now have become, in the eyes of some, an “instant” genius (after 25 years), the myths continue to dominate popular thought — just somewhat less.

But it doesn’t take a genius to see what is plain and simple right before your eyes. It doesn’t take a genius to understand the basics of Monetary Sovereignty and Gap Psychology.

You can do your part to disseminate the truth and to diminish the lies by repeatedly — daily, hourly — contacting your Senators and Representative, and telling them about Monetary Sovereignty. Do it, if not for you, then for your children and grandchildren.

You can help save the world. You have nothing better to do.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

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