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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.
There has been a great deal of anxiety surrounding GMO (Genetically Modified Organisms) foods.
Almost every food you eat has been genetically modified via crossbreeding. The corn you eat would not exist without genetic modification. The milk you drink comes from cows that have been bred to give more milk.
About the only non-modified food I can imagine is fish, and even here there is at least one exception, which I’ll mention later.
Those concerned about GMO however, are not talking about crossbreeding, but rather gene insertion, via artificial means — from another plant, bacterium, virus or even from an animal.
I’m not sure why one form of gene modification is scarier than another, i.e. why gene insertion is scarier than crossbreeding. Gene change is gene change. Perhaps it is the greater change that can come from gene insertion.
The Atlantic salmon called the AquAdvantage, has been given a gene from a fish called the “ocean pout,” making the salmon grow twice as fast. Had a larger salmon been achieved via crossbreeding, presumably there would be no concern from those desiring “natural food.”
At any rate, I won’t argue that point here. Instead, the purpose of this post is to discuss consumer information.
Connecticut legislature passes nation’s first ever GMO labeling bill
Ethan A. Huff, staff writer
The state of Connecticut has officially made history by passing the nation’s first ever bill requiring that genetically-modified organisms (GMOs) be properly labeled.
There is a good discussion of the pros and cons of labeling GMO (or GE — genetically engineered) foods at: Labeling of Genetically Engineered Foods.
Clearly, food is a sensitive product, and people want to know what goes into their food, the main question not being whether to label, but how much to label. Should we label all GMO food? All the spices that go into food?
Take a simple bottle of catsup. It can contain tomatoes, vinegar, sugar or high-fructose corn syrup, onions, allspice, cloves, cinnamon, garlic, and celery. What if the onions were genetically engineered? Should that be on the label?
While you ponder that, let’s get to the real the point of this post: Consumer information.
Recently, an article appeared in the January-February 2014 Discover Magazine, page 81, titled, “Chicken Could Go ‘Round the World.” Here are some excerpts:
In Sepember, the U.S. Department of Agriculture said it would, for the first time, all poultry raised and slaughtered in the U.S. to be shipped to China, processed, and shipped back to be sold to U.S. consumers.
The move touched a nerve with a public already unsettled by repeated food safety scandals in China — notably, the discover in in 2008 that baby formula manufacturers there had deliberately laced their products with toxic melamine to lower costs.
Yes, we already import quite a lot of food from China. Does that make you uncomfortable?
Between 2008 and 2011, Chinese imports made up two-thirds of the apple juice sold in the U.S., a third of its garlic and nearly 80 percent of its tilapia.
If GMO food scares you, does food from China, notorious for lax supervision and outright food criminality, concern you? Is there any reason to trust people who deliberately poison baby formula? Are you having any second thoughts about eating tilapia or drinking apple juice?
And what about or Mexico, India, Brazil, et al. How do we know their food has been inspected properly?
Consider that bottle of catsup. Which of those incredients — the tomatoes, vinegar, sugar or high-fructose corn syrup, onions, allspice, cloves, cinnamon, garlic, and celery — came from a foreign nation’s uninspected factory?
Some worry that this . . . may crack the door to the eventual importation of chicken raised in China.
And what will the Chinese feed those chickens?
Bottom line: We’re in a world market now. While the U.S. inspects most of its food processing plants (though less so now, with deficit reduction), even here there have been scandals of non inspection, along with botulism and other poisons sneaking into our foods.
How well do you think foreign food processing factories are inspected?
Those Tater Tots your kids love, could be raised here, cut and breaded in China and shipped here for packaging, and they would be labeled “Product of USA” or merely “Distributed by XYZ Company, USA.”
Today, our food is labeled as to the country of origin for only the final step in what can be a many stepped process. Should our food be labeled with country of origin for each step of the process and for each ingredient used?
If GMO scares you, country of origin for every step of the process, might concern you even more.
What is your suggestion?
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded 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.