●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.
An Email we just received from AARP (the insurance broker that passes itself off as the voice for the upper age groups) contained this:
Now that President Obama has sent his 2014 budget proposal to Congress, three blueprints for the nation’s fiscal future are on the table.
Here are the three (and only three) plans AARP says are “on the table:”
See anything missing?
Right, AARP doesn’t even mention the possibility of debt increases.
Why doesn’t AARP acknowledge that federal debt reduction (aka “austerity”) always is economically destructive, and has been destructive everywhere in the world it has been tried, and is especially destructive of AARP’s membership, the elderly?
Why doesn’t AARP mention that austerity has failed in Greece, failed in Italy, failed in Cyprus, failed all over the eurozone, even failed in Scotland and England, failed everywhere — and is failing in the U.S.?
Why doesn’t AARP discuss the damage caused by removing dollars from the economy? Why do they simply parrot the upper .1%’s mantra that the federal government debt is “unsustainable” and the government must “live within its means.”
Why doesn’t AARP acknowledged the differences between Monetary Sovereignty and monetary non-sovereignty?
Why doesn’t AARP tell its members the truth — that austerity has failed and always must fail, because austerity removes dollars from an economy, which causes recessions and depressions?
Why doesn’t AARP tell its members that the upper .1% income group wants austerity to punish the lower income groups, widening the gap between the rich and the rest.
Why? Because AARP is a big insurance brokerage, owned, controlled and funded by the rich, whose primary goal is to widen that gap, which gives them more power over the middle and lower-classes.
AARP does not represent the elderly. It represents the very rich.
The .1% have bought the Senate, bought the House, bought Obama, bought many so-called “think tanks” and lobbyists. They own much of the media and are buying more. (The Kochs reportedly are trying to buy the Chicago Tribune’s stable of papers).
The rich own AARP, too.
In years to come, when all the “Whys” have been asked and answered, AARP will be remembered for its treachery.
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