Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
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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Recently, I joined 3,000 of my fellow countryman in a luncheon honoring the United States Holocaust Museum.
Speakers at the luncheon reminded us about the horrors of the Holocaust, those years in which nearly all of Europe went insane, and willingly – even eagerly – participated in the extermination of six million men, women and children.
We saw photos of wide eyed women, wondering what was about to happen to them, wondering why they were hated. We saw innocent children, many in their mothers’ arms, being shrt or carried to the poison gas and the ovens.
We saw entire economies destroyed in the name of hatred.
We were reminded, yet again, of how hatred is contagious, and how it can infect minds, overwhelming all logic, compassion and humanity. Six million people were destroyed by good friends and good neighbors, who adopted unreasoning hatred, not because of any wrong done to them, but simply because hatred is a communicable disease.
The theme of the U.S. Holocaust Museum, and all Holocaust museums throughout the world is: “Never Again.” The purpose of the United States Holocaust Museum is to document the horrors of unreasoned hated and to demonstrate the mindless depths to which humans can sink, so to prevent a recurrence.
Seeing those photos, and hearing those stories, makes one wonder, why would the Holocaust deniers, or any hate-mongers, intentionally make statements that brand them as stupid? Why would such people want to tell the world, “I am a fool”?
And why would anyone choose to follow such people?
We were reminded of how fortunate we are, to live in the United States, the most powerful and most tolerant nation, in the history of the world. Thankfully, the disease of mass hatred never could happen here, not here in the United States of America, thank God.
And yet . . . The Republican Senator from Wisconsin, Joseph McCarthy, intentionally, thoughtlessly and cruelly branded many innocent people as Communists, destroying their lives as surely as if he had put them in ovens.
For ten years, until he died, McCarthy sowed mass hatred, to further is own political ambitions. And “good” people voted for him and followed his lead.
But surely, we have learned our lesson, and it cannot happen again, here in America.
And yet . . . Whether because of the President Richard Nixon’s supposed “Southern Strategy,” or because of Independent George Wallace, or because of the Dixiecrat Party, or because of the Ku Klux Klan, the entire South, which formerly had voted Democratic, switched to vote Republican – and the fundamental reason was racial hatred.
Though many rationales were put forth, the real reason is, they voted against “nigras.”
But that was then, and this is now, and thank God, it cannot happen again, here in America.
And yet . . . Today, we have the ironically named “religious” right, a group that fosters hatred of blacks, hatred of browns, hatred of gays and lesbians, hatred of immigrants and foreigners, hatred of the poor, hatred of atheists, hatred of Jews, hatred of Muslims and all other non-Christians, hatred of anyone accepting federal benefits – mass hatred laid on millions of men, women and children whom they don’t know and never have met.
These millions of the hated are branded with such epithets as “shiftless,” “lazy,” “stupid,” “criminal,” “dangerous,” “a threat to the American way of life,” “takers,” “dirty,” “unAmerican,” “immoral,” “commies,” “pinkos” – all to justify every cruelty visited upon them.
The haters sneer at the unemployed, those on welfare and those accepting food stamps, those trying to make a better life for themselves and their children by sneaking into America because becoming a citizen is punishingly difficult and costly, those whose English is lacking, the minorities – just like in crazed, xenophobic Europe before and during WWII — just like crazed Joseph McCarthy and the black-hating South.
We shake our heads in wonderment at Europe’s insanity, while here in America, half our nation is gone mad. Half our nation accepts the religious right’s lies about the innocent. Half our nation accepts the religious right’s bigotry. Half our nation accepts hatred of people whom they don’t know.
That is why the United States Holocaust is relevant – not just to protect Jews, but to protect all the less powerful from the most powerful.
We see mass hatred everywhere – in Iran, in Iraq, in Pakistan and Afghanistan. We saw it in Ireland and see it in the west bank. And chillingly, we see it here in America, as millions of Americans follow bigots into to the mindlessness of hatred.
If you’ve not visited the Holocaust Museum in Washington, DC, or the many Holocaust museums and memorials around the world</u, you should.
You would understand, not just intellectually, but viscerally, the damage hatred causes.
Could it happen here? Is it already happening here? Could it happen to you? The good citizens of Europe, many of whom had lived there for generations, never dreamed it could happen to them – until their own friends and neighbors turned against them.
The next time you walk into a voting booth, before you pull that lever, ask yourself, “Am I voting this way because I have been manipulated into hatred of people I don’t know?”
Contrary to what the haters may tell you, a nation is not measured by the way it treats its strongest and most powerful, but rather by the way it treats its weakest and most needy.
And sadly, by that measure, America is being made weaker by people who call themselves “patriots.”
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
As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 
Wow, no sooner do I post the above, than this comes out:
Carl Bernstein Slams Media’s ’50/50′ Shutdown Coverage: ‘This Is About The Republican Party’ (VIDEO)”>
Longtime journalist Carl Bernstein on Tuesday called on the press to abandon the false equivalence that’s colored much of the coverage of the government shutdown.
Appearing on MSNBC’s “Morning Joe,” the man who helped break the Watergate scandal said that the current budget impasse is not a two-sided matter.
“This is about the Republican Party and what it’s going to be,” Bernstein said. “Is it going to conduct a fact-based, philosophical argument in our political system or is it going to be a nihilistic, hateful, asymmetrical in terms of facts and the truth part of the party, as in Joe McCarthy?”
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And this:
Even the 90% funding would net millions for each state’s treasury, as more citizens would have more money and pay more state taxes. The Republican governors know this, but hatred runs deep.
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though i think you mean well, i think you understate what they are actually up to.
they are trying to prevent an “inevitable” demographic shift from happening–namely, blacks and browns becoming the majority population in this country because they fear they would then vote all white people out of office and then they themselves would be subjected to the absolute horrors that they subjected blacks to after Reconstruction ended in 1877.
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“‘They’ are taking over,” is part of the hate-mongering, fear-mongering mantra. But, if “they” are taking over, it might be wise to be good to “them,” so that “they” will have less reason to burn your house and shoot your kids.
The hatred that goes around, comes around, and despite the Republican bigots, the demographics will shift from white to non-white.
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someone else who’s come to a similar conclusion as i have above without mentioning the racial angle:
http://dizzynomics.wordpress.com/2013/10/10/striving-for-social-de-evolution/
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Roger,
Do you not realize that you are yourself propagating hatred? Do you really think the majority of tea partiers or republicans are racists? Do you think they all hate the poor, the gay, the Jews, etc?? If these are the reasons for you to bash both the Tea Party and the GOP, than you are bashing for senseless reasons.
I have had conversations with various folks over the last few months, and the majority has the incorrect idea of what a Libertarian, and even Republican is. Some of my acquaintances have also told me what you are saying above, I am in total shock when they tell me this. This is not who I am is what I tell them.
Although you may consider me a libertarian, I am an immigrant (legal), I come from a poor family (but never needed public assistance), am not white, I welcome anyone from any group, creed or religion, I grew up in a liberal state and voted Democrat my whole life until 2008. To this day my entire family votes democrat.
First off, even though I am an immigrant, I understand (like you) that the US is a nation of laws. If the law requires that you have legal documentation to come into the US, than the illegal immigrant is at the mercy of the law and the people of the US. It is never wrong to enforce the law that the population has accepted as their own. This picking and choosing which laws we will apply and which ones not is what has gotten us in trouble.
Second of all, the libertarian movement is not about harming another group or race or religion. It’s about shifting the direction of the country to the appropriate path for long term growth and social stability for benefit to the population. The libertarian goal is the same as the left’s goal. It’s ensuring the system benefits and provides liberties for all.
However, socialists, like yourself, believe that you can best achieve that by giving people “free” tokens, manipulating markets, making guns and drugs illegal (not sure of your position on drugs). Although you conveniently ignore the repercussions of printing currency out of thin air, the results have proven to go in reverse (people are poorer now than 40 years ago).
On the other hand, libertarians believe that one can achieve better economic and social stability by allowing the free markets to work, following rules and regulations while keeping guns legal and letting people (who will use them anyway) use drugs if they so chose.
I don’t blame you for being a liberal, the majority of people are what they know. What people in the largest cities know is socialism. Heck, all through school I learned that it was the government actions that saved us from the great depression. The majority of people don’t know or don’t want to know where the funds they receive come from. All they know is that when they receive it, they can purchase things and if they don’t, well, they won’t be able to purchase things.
I was taking an economics course during the height of the 2008-2009 crisis and were having a conversation about it with the professor. When I asked him if removing the Federal Reserve would help in preventing a repeat, he looked at me as if I was crazy. Thinking back and remembering his beard, I can see his resemblance to Marx. Anyway, that is all this man knew and to him, men could manipulate markets and make them more efficient than god.
Men will find ways to help their fellow neighbors, but abusing power for the sake of getting votes is far from what god asked from us. You can push that as “helping” the poor, I see it as extorting money out of working citizens, which allows politicians to buy votes. As you have pointed out many times, nobody really gives a rats ass about the poor, but they sure care about votes. You may be a better saint than I am, all I know is that Jesus once said, give a man a fish and help him for a day, teach the man how to fish and help him for life. Perhaps I am not smarter than you, but I know that Jesus is.
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“libertarians believe”
Pure markets systems are an oxymoron since there can NEVER be a market system without rules, oversight and regulation. (Even you say so!) This implies government and government implies institutionalism, law and power relationships.
Your premise is entirely wrong when you assume a sort of methodological individualism in the actual context of institutionalism. You’ll still get fascism and wage/debt slavery.
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Seems Rodger has “known stuff” going on EIGHT decades now. As stated numerous times throughout this blog’s over 1,000 posts, your author frequently voted as a Conservative/Republican. This of course was when Republicans were not guided by fear and a total disregard for reality.
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You don’t even know your bible dude. Jesus never even said that!
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In fact Jesus fed 5000 people by GIVING them loaves and fish. Maybe you should read the bible first before lecturing us.
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Man has beard = must be Marxist! LOLZ at your …. well, what? I would have said faulty logic but that doesn’t even deserve the label of any kind of logic.
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Typical right wing rant. All religion and no morality.
You misunderstand Jesus to have meant, “Don’t give to the poor.” So, you provide yourself a handy excuse for selfish cruelty. All I hear is not giving the man a fish. I hear nothing about teaching him how to fish.
To bad neither Jesus nor your economics teacher taught you the difference between socialism and liberalism. No surprise then, you’re not knowing the difference between Monetary Sovereignty and monetary non-sovereignty.
But, I am pleased to learn that Republicans love gays, immigrants, the poor, blacks, browns, etc. It all must be a big misunderstanding.
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Not Republican nor Democrat. I am a Libertarian. And no sir, that is not a rant.
The reason Jesus said what he said is because by giving to another man you are 1) removing capital from a productive capacity and 2) giving it to someone that will consume it and not create anything in return.
Call it what you want, but if the receiving person does not produce something in return, you are the one harming the poor and everyone else too.
I guess it’s the right thing to destroy humanity for the sake of a self centered free loader. And spare the excuses, the majority on the dole can work as 60 minutes showed. It’s all freaking fraud. Morality ehh???
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” . . . removing capital from a productive capacity and 2) giving it to someone that will consume it and not create anything in return.”
Repeatedly demonstrating ignorance of Monetary Sovereignty.
(There is no “removing capital” involved in social programs. On the contrary, they add capital by adding dollars to the economy.)
And what about “teaching a man to fish”?
Thank you for your comments that repeatedly make my point about right wing cruelty and ignorance.
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A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.
Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.” Off base certainly, however, how does this marry with your assertion that the U.S. Government has control over the private FED? Again, the reality differs from the original intent and law.
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I think there’s still a lot of broad brush painting. You look at all the programs since the New Deal and many still suffer. The war on poverty, crime, drugs, etc. are no better than Nancy Reagan’s “just say no.” There is no design-plan to make 100% of the people physically successful to the extent of satisfactory living, not necessarily all millionaires. Lots of rhetoric, no design. The great inventor Buckminster Fuller once said, ” If you want to eliminate poor people give them money.” Simple idea, but harder to implement, but it is the truth because there’s not enough jobs to go around let alone enough good paying jobs due to AUTOMATION..
If MS/MMT principles are the TRUTH, then they will make their way to the top, as cream rises. We may not be able to force this to happen. It may be a matter of evolution happening at its own gestation rate rather than as quickly as a Cesarean birth. Can’t force evolution.
But we still have do our duty to keep spreading the truth as we see it because the vested interests of the liars are not going to stop either. Sooner or later we will have to decide whether we will succeed as a whole or crash and burn. I feel it’ll come to that crossroads, as we realize the loss of species, the acidification of the oceans, the dead zone at the mouth of the Mississippi, militarism, etc. are all ultimately related to moneyed interest hoarding it to themselves.
MS/MMT are anti-hoarding, not socialism or communism, but recognizing the simple fact that the private sector cannot do it all, because it loves the union destroying, profit making, worker/overhead elimination capacity of robotics. The government, big or small, will have to step in to pick up the slack of ever greater and unstoppable unemployment. The real purpose of machines is not to pump out money, but to give us more time to use our minds more and muscles less.
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