Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity breeds austerity and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
The 1% has the money and the power, but most importantly, it controls the minds of the 99%. It has managed to convince the 99% that the federal deficit (i.e. the money supply) is too large and that programs primarily benefiting the 99% (Social Security, Medicare, Medicaid, aid for the poor) need to be cut to “save” them.
And the 99% go along with this self-harming, suicidal notion, because they are so accustomed to being told what to do, they readily accept being punished for sins they didn’t commit.
You all have seen this picture. It’s a policeman — a solid member of the 99% — pepper spraying fellow members of the 99%, at the instigation of some unknown member of the 1%.
HELPLESS, PEACEFUL POLICE OFFICER DEFENDS HIMSELF AGAINST VICIOUS ATTACK BY ARMED AND ENRAGED #OWS CRIMINALS
A University of California at Davis police officer pepper-sprays students during a campus demonstration Nov. 18, an act that led to multiple suspensions and calls for the chancellor to resign. (BRIAN NGUYEN, Reuters Photo / November 22, 2011) Chicago Tribune.
The Tribune article says, “Though law enforcement officers will use pepper spray as a nonlethal tactic for crowd control, some have drawn criticism for its use during Occupy movement protests in Denver, Seattle and elsewhere.
“A New York City police commander was transferred in September after he sprayed two female protesters standing behind a police barrier. The UC Davis campus police chief and two officers were suspended after the incident there, and students called for the university chancellor to resign.”
What prompts police and the military worldwide to turn against their own neighbors? I suspect there is something in our pack-animal psychology that makes us yearn for the approval and direction of a leader. Dogs too, are pack animals, and will do virtually anything their leader tells them to do.
In short, we act like dogs.
If the President says, “Give up some of your Social Security,” we not only do so, but we mightily defend this harmful idea, against all criticism.
If the wealthy-owned newspapers say, “Surrender some of your Medicare,” we become convinced it necessary, and argue against anyone who says it isn’t.
If Congress says, “Cut spending on education, roads, bridges, stem-cell research, bank and securities regulation, food inspection and other important benefits,” we, with only the barest of whimpers, do as we are told– like pack dogs.
And if the mayor of your town criticizes #OWS, that is reason enough for the police to assume a mad dog posture, and beat, spray, cuff and arrest non-violent protesters, who are exercising their free speech rights on behalf of the 99% — of whom the police are a part.
Next time you are tempted to do the 1%’s bidding by sneering at #OWS for supposedly dirtying a park or blocking traffic, or by arguing for deficit reduction (which will increase the gap between you and the 1%), remember who you are and what #OWS is trying to do for you.
Don’t be that policeman. Don’t be a pack dog.
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. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
b>Gross Domestic Product = Federal Spending + Private Investment + Private Consumption + Net exports