●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.
●Cutting the deficit is the government’s method for taking dollars from the middle class and giving them to the rich.
●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.
Here is how deficit reduction really works:
. . .
To be rich I don’t
need more money. . .
I just need you to have less money.
Cut food stamps . . . Cut Social Security . . Cut Medicare
Widen the gap between the rich and the rest of us
Rodger Malcolm Mitchell
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
One thought on “–To be considered rich, I don’t need more money. . .”
THUS SAYETH THE ONE PERCENT….
To be rich, I don’t need more money.
I just need YOU to have LESS money.
You see, it isn’t about numbers. It’s about power. If you have less money, then you, the public, will be less dependent on each other, and more dependent on me as the source of money.
That is why you must have austerity. Less government spending means less dependence on each other, and more dependence on me, which means more subservience to me, as I extract ever-higher rents from you. I don’t need to print money in my basement. YOU are my money printer.
The higher I am on the social ladder, the closer I come to creating money from nothing, just like the government. And just like the government, my power comes from you. That is, it comes from your full faith and credit (or in your case, your full folly and credibility).
Most of you idiots are uncomfortable with the idea that the government and I both create money from nothing. Hence you insist that it never happens. You simply deny reality. You imagine that money consists of something physical, like gold. You think that bank vaults contain gold bars and cash bills, which banks use to issue loans to everyone, including the U.S. government.
In this way you are like primitive savages who regard flying as unnatural or ungodly, and therefore unacceptable and impossible. “Flying on thin air?” you scoff. “It can’t happen! There’s nothing to keep you aloft! If you try it, you will crash!”
And so you remain my slaves, toiling in the sewers, and dedicated to keeping the rest of the 99% grounded alongside you.
Meanwhile I soar in the majestic clouds above, laughing at you from on high.
If I treated you like human beings, then you would attack me, since you cling to your agony like a security blanket. As you work at Burger King to pay me interest on your $100k student loan, you could ask why the government doesn’t spend money to create decent jobs. However you know the other slaves would ignore you, and they would order you back to your french-fry boiler. Therefore you comfort yourself by claiming that government spending is “evil” and “inflationary.” You whine about me, but you attack the government. That is, you attack each other.
The more miserable you are, the more you cling to empty slogans like, “There is no free lunch.” Such mindless mantras are part of your coping mechanism. You chant them because they make you feel superior to each other.
You hate the idea that someone in addition yourself might receive government benefits. You insist that everyone except you is a “welfare queen.” Therefore you call for less overall government spending (just like I do). But if you have a personal disaster, then you whine to the government, and stamp your feet like a baby. But forget the evil government. Come to me. I’ll give you a (high interest) loan.
You love “feel good” stories of people helping each other on an individual scale, yet you despise people helping each other on a large scale. That is, you despise government spending. Thus you remain my slaves.
When you call for higher taxes on me, it is I who manipulate you into that, for two reasons. First, it maintains the illusion that taxes pay for the federal government. (Or is it loans from China that pay for government? You don’t know, and you don’t care. All you care about is reducing the deficit. Just like me.) The illusion that taxes pay for the federal government keeps you submissive to me, since the government is my puppet.
Second, for every dollar increase in my own taxes (which I never pay anyway), I force you to accept a four-dollar cut in government spending on social programs. See how that works? No you don’t, since you’re too smug to listen.
You know you are dirt. You are proud of it. You revel in it. You call your stupidity the “dignity of the common man.” Meanwhile you condemn the homeless person in the gutter, who you will soon join. But oh how you whine when it is you who needs something.
Don’t blame me for your agony. Blame yourself. Whenever someone tries to explain the facts, you do not say, “Really? I was told something else. Please explain more.” No, you instantly become snide, smug, and self-righteous. You dismiss the facts as absurd. You snicker: “Money created from nothing? Yeah RIGHT!” Then you pat yourself for your “brilliance” as you return to your french-fry boiler at Burger King.
I don’t hate you, any more than a rancher hates his cattle. Your function in life is to be managed and harvested. That’s your purpose.