–Proof that money and brains don’t always go together: Steve Forbes

Mitchell’s laws: To survive, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Reduced money growth cannot increase economic growth. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

From Newsmax.com
Proof that money and brains don’t necessarily go together (or why I never buy Forbes Magazine):

Steve Forbes to Newsmax: Obama, Bernanke Must Go
Wednesday, 31 Aug 2011 06:03 PM
By Jim Meyers and Kathleen Walter

Former presidential candidate and Forbes magazine editor Steve Forbes tells Newsmax that President Obama’s planned economic reforms are “the definition of insanity” — repeating failed policies in the hopes that somehow they will become successful.

In a wide-ranging exclusive interview, Forbes also declares that Federal Reserve Chairman Ben Bernanke should have resigned a long time ago, says Obama will be a one-term president, and looks for significant and positive reforms in Washington after the 2012 elections.

He also predicts the United States will make an “astonishing” move and return to a gold standard in the next five years, and says he’s “very impressed” with Gov. Rick Perry and is leaning toward supporting him for the GOP presidential nomination.

A Perry / gold-standard supporter. What more could I say?

Rodger Malcolm Mitchell

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. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings


2 thoughts on “–Proof that money and brains don’t always go together: Steve Forbes

  1. Just the type of person we must make no effort whatsoever to hurt. Another banker, corporatist, obscenely wealthy person who we should do absolutely nothing that might hurt them. After all, guys like stevey just found the diamonds before 99% of the rest of us. A good ole honest man.


  2. Personally, I don’t have any emotional, moral or financial need to hurt rich people. I do have an emotional, moral and even financial need to help poor people. Two, unrelated things.

    Rather than expending energy on trying to bring down the rich, we should expend the same energy trying to lift the poor.

    Rodger Malcolm Mitchell


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