●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.
Last month, we posted, “When, the revolution?” It included these comments:
Since both parties are criminal, I’m beginning to wonder — dare I say it — whether this nation is headed for revolution. I sure hope not, but with the President and the entire Congress being owned by the .1%, for whom does one vote?
The people don’t understand what’s happening — they are brainwashed with debt-cutting lies — especially since the media also are owned by the rich.
The people pinned their hopes and dreams on Obama, but his greed got the best of him. He sold his soul for a Presidential Library, lucrative speaking engagements for his wife and him, and big jobs for his daughters.
As for the people, frustrated and feeling there is nowhere to turn, the people may lash out. They lack only a charismatic leader — an empathetic, Rooseveltian figure — to give them voice and strength.
To many readers, this seemed unthinkable. Yes, the United States was formed on revolution. And yes, the civil war was a revolution. So yes, revolution is in our history. But really? Revolution in modern America?
Three in 10 registered American voters believe an armed rebellion might be necessary in the next few years, according to the results of a poll released Wednesday by Fairleigh Dickinson University’s PublicMind.
Less educated, right-wingers are the strongest believers, “revolution might be necessary to protect our liberties.” This is the group that has been most affected by debt reduction (austerity), though I suspect (without evidence) this ironically also is the group that most favors austerity.
With this same group — the less educated, right-wingers — probably being the most ardent gun owners (again, no proof), I suspect all they lack is that charismatic leader to send them on murderous street rampages.
These are America’s angry. They are angry at foreign-born, legally here or not. They are angry at gays, blacks, Jews, Muslims, Catholics, atheists, people who have more money than they do, people they consider “freeloaders.”
They are angry at “people who want to take our guns away” (the guns the Tea Party calls “sacred.”) They are angry at the government and the courts, and especially are angry at the very rich.
They are angry at what they perceive to be an unfair world, in which some powerful groups wrongly receive advantages at the expense of good people.
Yes, it could happen here. WILL it happen here? We all should pray not. We don’t want an America filled with crazed nuts, exercising their 2nd Amendment rights to kill their neighbors.
The operative word is: “Unnecessary”. Affluent people don’t begin armed resurrections. America has too much unnecessary poverty; too much unnecessary hardship caused by unnecessary austerity and augmented by latent bigotry.
The .1% have bribed the politicians, the media and the mainstream schools of economics to support poverty-causing, wealth-gap widening austerity, and to these super-rich — to the Petersons, the Kochs et al — I say, “Be careful what you wish.” “For they have sown the wind, and they shall reap the whirlwind.”
Remember: The privileged were early to the guillotine, but ultimately, no one was safe.
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