–Economics in three pictures: Makers, Takers and Deficit Cutting

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.
●Everything in economics devolves to motive.


Perhaps you have been confused by politicians discussing “makers,” “takers,” and “deficit cutting.” Here is what these terms really mean:

Monetary Sovereignty



Monetary Sovereignty



Monetary Sovereignty


Remember the correct definitions the next time you hear a politician mention these terms.

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


One thought on “–Economics in three pictures: Makers, Takers and Deficit Cutting

  1. Speaking of worthless takers who call themselves “makers,” here’s a very bad omen…today Obama will nominate Sylvia Mathews Burwell as his budget director. Ms. Burwell is a career Washington bureaucrat, having served as deputy director of the OMB in the Clinton administration. She was chief of staff to former Treasury Secretary Robert Rubin, who engineered the notorious Clinton surplus. Indeed, an unnamed “senior official” says Ms. Burwell was “a principal architect” of the surplus. Clinton’s budget director was Alice Rivlin, who mentored Ms. Burwell in austerity.

    (The surplus would have caused a depression had there not been the dot-com bubble, followed by the housing bubble and the “war on terror.” Now that the depression is here, it’s perfect timing to engineer another surplus.)

    Obama’s budget director was the notoriously pro-austerity Jacob J. Lew, who is now the Treasury secretary.

    Every single one of these maggots is dedicated to impoverishing the American public.


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