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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.

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In the previous post, Fairness, competition and why we despise the poor, we described how and why, “The rich have bribed the politicians and the media, to dehumanize, and to make us despise, the poor.”

(The motive has been to widen the gap between the rich and the rest. If there were no gap, no one would be rich, and the wider the gap, the richer they are. The gap is what makes them rich.)

The post rejected the right-wing’s gospel that the poor, being lazy, prefer to receive federal benefits than to work, and that the providing of federal benefits encourages sloth.

By brainwashing us to despise the poor, the rich make us do their dirty work in widening the gap.

The post didn’t discuss the children. Can any reasonable person say that children born into poverty are born lazy? Can any reasonable person say they genetically are destined to prefer handouts to labor?

Surely not. So what of the poor children?

The Guardian
Child poverty in Britain is causing ‘social apartheid’
Report from leading British charity blames ‘failure of political will’ as it finds poor children have fewer life chances
Jamie Doward and Taytula Burke, The Observer, Saturday 24 August 2013

In a damning report, the National Children’s Bureau finds that in Britain:

■ A child from a disadvantaged background is far less likely to achieve a good level of development at four than a child from a more privileged home.

■ Children living in deprived areas are much more likely to be the victim of an unintentional injury or accident in the home.

■ Children from the poorest areas are nine times less likely than those living in affluent areas to have access to green space, places to play and to live in environments with better air quality.

■ Boys living in deprived areas are three times more likely to be obese than boys growing up in affluent areas, and girls are twice as likely.

Certainly, the situation is no different in America. Lower development, more injury, poorer environment, poorer health — that is what widening the gap causes. That is the legacy the rich bequeath to children of the poor.

The future of America is our children. When we depress a large number of our children, we depress America’s future.

“There is a real risk that our society is sleepwalking into a world where children grow up in a state of social apartheid, with poor children destined to experience hardship and disadvantage just by accident of birth, and their more affluent peers unaware of their existence.”

Apartheid hurt South Africa. The caste system kept India poor. The nations allowing the worst cruelty to women or to minorities, have the lowest standards of living.

Historically, those nations in which a larger segment of the population is mistreated, provide meaner lives to their citizens.

As in Britain, many of America’s poor children suffer, not because they are lazy or prefer to live on the dole. They suffer because we have been brainwashed to despise them.

These poor children will not fulfill their potential. They will not use their brains to help America grow. We, as a nation, will lose what they could have given us — and we never will know what we have lost.

No one knows how great India might have become, had millions of inherently brilliant children not been relegated by the caste system to uselessness. No one knows how great Muslim nations could have become, had they allowed brilliant women to contribute.

Today, in America, we prevent millions of our bright children from contributing to our success as a nation. Why? To widen the gap and to do the dirty work of the rich.

Toward the bottom of this post, and all recent posts, you’ll see the “Nine Steps to Prosperity.” Each step not only would benefit the middle- and lower-income groups, but more importantly, would benefit our children and the future of America.

As inequality grows, America is diminished.

We Americans all ride in the same boat. The more who row, the better off we all will be. Yet we take the oars from willing and able hands, then criticize them for riding free.

To save America — to give our own children better futures — we must help our poor children.

America cannot grow without them.

Rodger Malcolm Mitchell
Monetary Sovereignty

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Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

As the lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY