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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Here’s a variation on the proverbial story of the fat, little kid, who can’t play a lick of baseball, but does own the ball, so you either play him — at shortstop, no less — or he’ll take his ball and go home. See, he can’t get the “votes” of the other players, so he resorts to extortion.

Based on recent history, one can assume the Blackmail Party is composed of fat little guys, who learned at an early age, that extortion was a good way to get what they want.

So today, it isn’t enough that the Blackmail Party’s extortion tactics cost thousands of struggling Americans their jobs and cost a struggling American economy billions of dollars, for no good reason. It isn’t enough that the Blackmail Party, having lost 48 separate votes to wreck the Affordable Care Act, decided to shut down the government, when Congress and the President refused to reverse their votes.

No, the Blackmail Party, feeling that extortion is the the way to overcome the realities of the democratic process (as well as the Democratic Party), has decided to amp up the extortion:

Talking Point Memo
McCain Threatens To Hold Yellen Nomination Over Benghazi Details
Catherine Thompson — October 31, 2013

Sen. John McCain (R-AZ) said Wednesday that he and Sen. Lindsay Graham (R-SC) plan to delay the nomination of Janet Yellen to chair the Federal Reserve in order to obtain information on the 2012 Benghazi attacks from the Obama administration, the Wall Street Journal reported.

You may wonder what does Janet Yellen have to do with Benghazi, and of course, the answer is: Absolutely nothing. But Senator McCain has decided his desire to continue the useless Benghazi inquisition is more important than having a Chairman of the Federal Reserve.

Perhaps, he was a fat, little kid, who learned that stealing the game ball was a good way to force everyone to let him play.

But it gets worse for the Blackmail Party:

Graham Threatens to Block All Nominations Without Benghazi Answers

WASHINGTON — Sen. Lindsey Graham threatened Monday to hold up all nominations for federal government positions until survivors of last year’s deadly attack on the diplomatic post in Libya appear before Congress.

Yes, not only will the nomination of the Chairman of the Federal Reserve be held up, but ALL nominations for federal government positions will be stalled until Lindsey gets his way — another fat little kid who couldn’t play ball, but sure can play the extortion game.

But the Blackmail Party wasn’t finished:

Huff Post
Rand Paul Threatens To Hold Up James Comey FBI Nomination Over Drones
By Bradley Klapper 07/10/13 AP

WASHINGTON — Sen. Rand Paul is threatening to block approval of President Barack Obama’s nominee as the next FBI director until he gets answers about drone use inside the United States.

The Kentucky Republican says he has written the FBI twice seeking the agency’s rules for domestic drone use. He says he has told the FBI he’ll put a hold on James Comey’s nomination until his questions are answered.

Comey spent 15 years as federal prosecutor before serving in Bush administration. Obama has nominated him to replace outgoing FBI Director Robert Mueller.

And so we hear from yet another member of the Blackmail Party that doesn’t believe in the democratic process, and for certain, never will believe in the Democratic process.

And the beat goes on. Here’s one from early this year:

Senator to ‘Hold’ Nominee for CIA Director
FEB 13, 2013

Senator Rand Paul is pledging to “hold” John Brennan’s nomination for CIA director, a statement from his Senate office reports.

“I have asked Mr. Brennan if he believed that the President has the power to authorize lethal force, such as a drone strike, against a U.S. citizen on U.S. soil, and my question remains unanswered. I will not allow a vote on this nomination until Mr. Brennan openly responds to the questions and concerns my colleagues and I share.” Paul’s statement reads.

“These issues must be discussed openly so that the American people can understand what constraints exist on the government’s power to use lethal force against its citizens. Before confirming Mr. Brennan as the head of the CIA, it must be apparent that he understands and will honor the protections provided to every American by the Constitution.”

Well, at least the extortion is relevant, but really — no vote until the guy who spent four years as Deputy National Security Advisor for Homeland Security and Counterterrorism, and Assistant to the President, until he “answers some questions”?

And whether or not Brennan believed such constraints exist was, as Sen. Paul knows, irrelevant. Brennan doesn’t make policy. He follows policy. This is just another Rand Paul publicity stunt.

Presumably, there is a value to America in having an FBI director and a CIA director. Sen. Paul doesn’t care about that. He just wants his name in the papers.

Anyway, what have we learned from all this:

1. Congressional voting doesn’t matter.
2. Passed laws doesn’t matter.
3. Supreme Court decisions don’t matter.
4. The American economy doesn’t matter.
5. American jobs don’t matter.
6. The American people don’t matter
7. FBI and CIA directors don’t matter
8. Federal tasks don’t matter.

So, what matters? Sticking it to the opposition party and getting your name in the papers.

The Blackmail Party tells us extortion, not votes, is the way we will run our government. It’s a terrible lesson.

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)

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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 federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY