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●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.
As everyone knows, Saddam Hussein was in league with al qaeda, stockpiling weapons of mass destruction — atomic bombs, poison gas, smallpox bombs — that kind of bad stuff — all of which threatened the security of the United States.
And, as everyone knows, Iraq (population 30 million) was preparing to unleash its mighty army on the United States (population 300 million, and 1/2 way across the world).
Except, of course, he wasn’t and it wasn’t. It all turned out to be a lie, which allowed President Bush Jr. to do his very own conflict, and show his daddy, Bush Sr., how things really should be done, by a rough, tough Yale/Harvard Texan, who was brave enough to sneak out of military duty.
So, to demonstrate his personal courage, President Bush Jr. managed to get 4000+ young Americans killed, not to mention many more Iraqis killed, and today, life in Iraq is much worse than it was when we liberated it, particularly when the wind blows west and you can smell the corpses.
Yet, doesn’t it make for nice funeral services in America, where politician can give stirring, patriotic speeches amid flags unfurled in the breeze, and families can shed tears for their lost children, and reporters can feign sympathy?
Today, we have moved on, and all is forgotten and forgiven. Bush Jr. has remained mercifully quiet, except for passing on the phony legacy of rough, tough, gun-toting Texans. When your only tool is a gun, every problem requires killing someone.
Now, little Obama is our new President, and what a wus he is. The guy hasn’t begun any new wars, and even has wound down some wars he inherited. Concerned about his legacy as a bank crime aider and abetter, he needs a bloody fight of his very own, to demonstrate his Chicago morality.
It’s time, my friends, to do a little war-war.
Today, Syria is ruled by a tyrant — as is every Arab, every Muslim, and virtually every African nation. And this tyrant is killing his own people, which is what tyrants do.
The excuse about Syria being a threat to U.S. security won’t work. We used that one up with Iraq. But how about humanitarianism?
That Bashar Hafez al-Assad (His name sounds sort of like al qaeda, doesn’t it?), not only is murdering his own people, but he is murdering them with poison gas (which makes those innocent people much deader than if they had been murdered with bullets, bombs, knives, nooses or reading the comments of Antonin Gregory Scalia).
So to prevent the wrong kind of murder, we good Americans (everyone knows Americans have a monopoly on good) must commit the right kind of murder, which requires killing lots of young Syrians without killing too many young Americans.
Our President, who never does anything without a great deal of agonizing thought, after which he compromises on a Grand Bargain, now agonizes about the best way to kill lots of Syrians without killing too may Americans (a couple hundred might be the acceptable max.)
But Obama has a problem. No one wants to play with him. Oh, except for the French — you remember, the brave guys who surrendered to Hitler before he even asked.
Obama called his other playmates and said, “Hey, want to come out and do a little war-war?” And they all said, “Why?” And Obama said, “Syria broke the law by using poison gas to kill a thousand — or was it two thousand — people.”
And they said, “Your banks broke the law and killed a hundred million people, and not one banker has gone to jail.”
And he said, “There’s a big difference. A huge difference. My rich donors don’t want me to do anything about the banks, but they do want me to do a little war-war, because that is good for business.”
And they said, “Won’t the same thing happens that always happens? We remove one blood-thirsty regime that hates us, and replace it with another blood-thirsty regime that hates us even more?”
And Obama said, “Yes, that always happens, but it’s a good thing. The more they hate us, the more excuses we have to increase NSA, CIA, FBI spying on innocent American citizens.
First we do war-war to create the danger. Then we spend billions to prevent the danger by taking away more and more liberties and giving these liberties to the rich, who will pay us. And because we spend more to prevent danger, we must spend less on social programs, so we widen the gap between the rich and the rest. Then we do more war-war to create even more danger. We never stop doing war-war. It’s a perfect, endless circle.”
And they said, “Barack, you are nobody’s fool. That’s damn clever. Maybe we will go along with you after all, drop a few bombs, kill and maim a few foreigners, look tough, merciful and cruel, all at the same time.”
And Obama said, “And there’s one more thing. Can you name a single American President who was considered great, and did not do his very own war-war?“
And a-bombing we shall go.
Rodger Malcolm Mitchell
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
As the lines drop, we approach recession, which will be cured only when the lines rise.