Twitter: @rodgermitchell; Search #monetarysovereignty
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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 ultimately 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.


Remember the Daily Bell? I both criticized and complimented them in an earlier post (I admire the Daily Bell and its publisher, Anthony Wile, but why did he publish such idiocy?) A reader asked, “. . . how can the paper be ‘very good’ if the creator of said paper can be so misguided?”

Here’s how. It publishes articles like this: Where Was Mainstream News While the Surveillance State Was Expanding? Here are a few excerpts:

You won’t find (this) analysis elsewhere. . . . The mainstream media is run by the same globalist groups running central banking. Honest reporting is almost beyond them.

An honest report would explain how what is obviously one of the biggest stories of the modern era has gone unreported by Reuters and by the mainstream media in general.

An honest report would address the aggregate courage of the alternative media in covering the rise of the surveillance state while being marginalized by the formal media and disparaged as being agents of “conspiracy theories.”

We have been telling you, our readers, that the mainstream media (and the mainstream economists, and the politicians) are owned by the super rich. But, of course, we are among the “alternative media,” ignored when possible, disparaged when necessary.

You must read the article to learn the degree to which our freedoms have been taken away – taken right out from under our noses and with our blessing. Here is but a tiny example of a truly is astounding report:

NSA is secretly building the world’s fastest and most powerful computer. Designed to run at exaflop speed, executing a million trillion operations per second, it will be able to sift through enormous quantities of data – for example, all the phone numbers dialed in the United States every day.

Today the NSA is the world’s largest spy organization, encompassing tens of thousands of employees and occupying a city-size headquarters complex on Fort Meade in Maryland.

(And that doesn’t include the FBI, the CIA and the thousands of police and sheriff’s departments around the country)

The article provides example upon example of secret government agreements and actions, each of which would be alarming, but together form an unprecedented attack on American freedoms – what the article terms, “creeping totalitarianism.”

The government is engaged in massive spying overkill – a Brave New World of controlling our lives, by watching our finances, watching our communications, watching our families and friends, peering into our bedrooms – cataloging our entire lives.

Is there anything about you the government does not already know, or will not know?
Is there any information the government cannot declare “secret,” and then prosecute you for revealing?
Is there any private action the government cannot declare illegal, even after the fact?

Historically, more people have been enslaved by their own government than by foreign governments. As an American, you are far, far more likely to be attacked by an agency of a U.S. government than by all the other world governments combined.

And if you live in another land, your government is more likely to attack you than is mine. And the worst crime of all: Revealing the truth. Governments hate the truth. It is alien to them.

Bradley Manning, an American soldier, faces life in prison as his trial gets under way in Fort Meade, Maryland, three years after he was charged with providing highly sensitive material to anti-secrecy website WikiLeaks.

Federal authorities are looking into whether Julian Assange, the WikiLeaks founder, can also be prosecuted.

The case is the most prominent prosecution for the Obama administration, which has been criticised for its crackdown on leakers.

To demonstrate the ferociousness of the government’s treatment of anyone daring to reveal its secrets, consider the treatment of Manning, who remember, has not yet been convicted of anything:

The Daily Beast
Extreme Solitary Confinement: What Did Bradley Manning Experience?
by Caitlin Dickson Jun 5, 2013

Back in January a military judge deemed Manning’s pretrial detention treatment “excessive.”

Experts say “extreme” versions of solitary confinement are rarely applied . . .. These are so severely harmful to (a prisoner’s) mental health, they may spark the violence they were created to prevent, while also violating a prisoner’s Eighth Amendment right to be spared cruel and unusual punishment.

(Bradley) was reportedly held in solitary confinement for 23 hours a day, forced to sleep naked without pillows and sheets on his bed, and restricted from physical recreation or access to television or newspapers even during his one daily hour of freedom from his cell.

Read the article to learn the full extent of this torture of an American citizen who is “innocent until proven guilty.” He too, once thought he lived in a “free country.”

The Daily Bell article goes on to ask:

Why is this creeping totalitarianism only now coming to light as a major news story when it’s been tracked and reported on alternative networks for several decades?

Perhaps the intention is that once these issues have been aired in the mainstream it will be time to “move on.” We think that this sort of “limited hangout” is a calculated gamble to blunt the growing knowledge of how Western societies are really organized and who is benefiting.

Yes, perhaps the hope is we will become numb, enured to the outrage. Surely, there has been plenty of outrage in just the past few years.

Guantanamo secret torture: Check.
Prosecuting Wikileaks and its founder for revealing truths: Check.
Secretly torturing Bradley Manning for revealing the truth: Check.
Abu Ghraib secret tortures: Check..
CIA prisoner secret renditions to foreign country for interrogation: Check.
Secretly killing of Americans without trial: Check.
IRS secret political targeting. Check.
Seizure of the phone records of journalists and their family members: Check
Recording everyone’s phone history: Check.

And that’s just the federal government. We have other governments:

Gerymandering of voting districts: Check.
Onerous voting requirements to prevent certain groups from voting: Check.
Targeting minority groups for police arrests and searches: Check.
Restrictions on Medicaid and other aids to the poor: Check.

Finally, there are the efforts by the upper .1% to eliminate our freedoms:

Bribery of the President, bribery of Congress and bribery of university employed mainstream economists to widen the gap between the rich and the rest: Check and double check.

I’m outraged. But, maybe I’m just one of those bleeding-heart liberals one reads about. I suspect the right-wing Commentary thinks so, as they give the other side of the argument.

According to their article, everything is just peachy-keen in our little dictatorship.

Sure, Let Freedom Ring. But, Who Stole Our Bell

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. Click here
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%

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports