–Saddest headline of the day

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.

“I did not make very much money in 2010, but I still feel I should pay at least something to offset some of the benefits I receive as a citizen”

Atanacio Garcia, 84, a retired postal worker from San Antonio, who donates $50 a month from his pension to the federal Bureau of the Public Debt, which accepts donations to pay down the nation’s debt.

Poor Mr. Garcia has been brainwashed by the debt-hawks into thinking he is helping America, when in fact he is hurting the economy by destroying $50 every month. Bit by bit, the media and the politicians, controlled by the 1%, deceive the 99% and encourage them steal their own futures and the futures of their children.

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


2 thoughts on “–Saddest headline of the day

  1. Rodger- How does the 99%, brainwashed into austerity ideology, ultimately help the 1% by adhering to this economic paradigm? A cycle that could, if played out to extremes, lead to failed infrastructure, widespread poverty and possible violent backlash would seem to be an outcome not desirable by the 1%. A healthy and content 99% would be more complacent and productive.
    I’m not questioning the premise of your post, but only asking if you have any insight as to the rationale of the strategy of the 1%. That is, if there is one… the post suggests that there is a coordinated agenda. Is it more likely that everyone, including the 1%, media and politicians are all totally ignorant of the concept of monetary sovereignty?


  2. You’re right. Probably not a coordinated effort. More likely, intuitive.

    “Wealthy” is, and always has been, a comparative issue. It’s why clubs charge high fees to keep the riff raff out, not because they need the fees.

    There are emotional advantages to keeping “them” down. It’s what keep “us” up by comparison.

    As a business owner, I can tell you that no one cares about their absolute salary. They only care about their comparative salary. If you earn more than all your friends and co-workers, you feel wealthy — until you meet someone who makes more.

    Can you visualize it?

    Rodger Malcolm Mitchell


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