Mitchell’s laws:
●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 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.
==========================================================================================================================================
The Republicans still don’t get it.
Washington Post
Senators introduce GOP alternative to Dream Act
By Rosalind S. Helderman, Published: November 27After an election that bared the GOP’s huge disadvantages on immigration, three influential Republican senators have introduced legislation that would grant legal residency to young people brought illegally to the United States, if they seek higher education or enlist in the military.
The proposal comes as more Republicans have called for the party to soften its opposition to illegal immigration in the wake of massive November electoral losses that were driven, in part, by low support among Latino voters.
The measure — sponsored by Sen. John McCain (Ariz.), and retiring Sens. Kay Bailey Hutchison (Tex.) and Jon Kyl (Ariz.) — would offer a Republican alternative to the so-called Dream Act, providing a pathway for young adults to apply for legal permanent residency — but not citizenship — if they have completed military service or higher education and have worked in the United States for at least four years.
Despite Republican anxiety about the party’s inability to lure a growing number of Latino voters — President Obama beat GOP challenger Mitt Romney among Latinos by 44 percentage points — Hutchison and Kyl said their bill is not a response to the election.
Translation: We try to care about the less fortunate, but it simply isn’t in us. We did everything we could to prevent poor people from voting, but we still got our butts kicked. For some strange reason, Americans don’t like mean bullies.
So, we’ll try this phony half-way measure, and maybe that will fool enough people to get us votes.
But of course, this isn’t about votes. It’s about compassion.
Rodger Malcolm Mitchell
Monetary Sovereignty
====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
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
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 
[1] Nice. Under the proposed bill, young people brought “illegally” into the USA can apply for legal residency (but not citizenship) if they seek higher education (thereby incurring massive student loan debt to bankers) or enlist in the military (thereby killing and dying for Wall Street).
I put the word “illegal” in quotes, because the U.S. government does not consider undocumented immigrants to be illegal. If they were illegal, then they would have access to the U.S. justice system. Hence, most U.S. immigration statutes are civil statues, meaning that undocumented immigrants can be arrested, imprisoned, and deported without probable cause, or due process.
Incidentally this Republican bill is not much different from the DREAM Act, which you can read about at wikipedia. I also note that Obama has deported more immigrants than any other president in U.S. history.
[2] Perhaps 5% of the Latino population actually leans toward the Republicans. That 5% fall into three classes.
a) Successful Latino business owners and Latino professionals (e.g. doctors and lawyers) who seek personal advantages by being more Republican than the Republicans. Many of these are married to whites.
b) Latino politicians and bureaucrats at all levels (federal, state, county, and municipal) who seek personal advantages by attacking their fellow Latinos, thereby pandering to white racists, and to non-Latinos. They also do this to maintain power over their fellow Latinos. “If you want access to this world, you must go through me.”
c) Latinos who arrived as undocumented aliens, eventually managed to get their “papers,” and now want to close the door to other Latinos. They escaped Mexico, for example, and they think Mexico is following them when they see more Mexicans flooding in.
On the spectrum between selfishness and altruism, these three classes (in my opinion) lean toward selfishness to varying degrees. But as I said, that is perhaps 5% of the Latino population.
[3] Having lived in Mexico, I know why Mexicans come to the USA. One might ask, “Why do Mexicans come here? Why can’t they clean up their own country?”
My response is: “Indeed. Why can’t we clean up our own country as well?”
[4] Latinos I have spoken to understand Monetary Sovereignty for more quickly and fully than do average Whites. To Latinos it seems amazingly simple. To Whites it is beyond their grasp.
LikeLike