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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.


The National Draft Ben Carson for President Committee (Yes, there is one) posted an ad telling us the plans of the latest right wing hero (following such brilliant eminences as Sarah Palin, Newt Gingrich, Rick Santorum, Herman Cain, Rick Perry, Michele Bachmann, and Ted Cruz).

Here is what they said:

Ben Carson will…
1. Repeal Obamacare and replace it with a free market approach

Translation: Everyone will pay for their own health insurance. Those who can’t afford it, will just have to do without.

2. End redistribution of income policies because they are immoral, unworkable and unjust.

Translation:Make sure the income/wealth/power gap between the rich and the rest, keeps growing. It’s a dog-eat-dog world. Get rich or get eaten.

3. Balance the federal budget by cutting spending across the board by 10% each year until the budget is balanced.

Translation: Cut spending on everything that benefits the middle and poor: Carson loves austerity, because it has worked so well everywhere — for the rich.

4. Appoint judges that believe in the original intent of those that wrote the Constitution

Translation: For instance extreme right wingers Scalia, Thomas and Alito, who decided the rich should be able to spend as much as they want, to buy elections.

5. End the war on religion, and defend your right to witness your faith.

Translation: Get rid of that pesky 1st Amendment. This is a Christian nation, isn’t it? Screw Muslims, Jews, Buddists, Hindus, atheists and all the rest whose parents don’t think like me.

6. Tell the truth to the American people

Translation: Lie to the American people.

7. Follow a policy of peace through strength and if it becomes necessary to fight, his response will be overwhelming, not proportional

Translation: If anyone doesn’t agree with us, bomb the heck out of them. And don’t worry about how many of our soldiers and foreigners we kill. That is the America I love.

8. Reduce taxes across the board for all Americans

Translation: Reduce taxes on the people who pay the most taxes (and who give the most campaign contributions). You know who you are. Wink, wink.

9. Reduce regulations and the red tape that stifle economic growth

Translation: Cut the already minimal regulations on crooked bankers, oil companies, chemical companies, stock brokers, food companies, pharmaceutical companies, auto companies, telephone solicitors, air and water polluters and everyone else who might profit from less regulation.

10. Defend your right to keep and bear arms

Translation: Including machine guns, bazookas, and rocket-propelled grenades. Give me one reason why not.

11. Support school voucher programs.

Translation: Fund religious and other private schools (which can select which rich students they want), while taking money from public schools.

12. Encourage any and all energy production to make the USA totally energy independent

Translation:Yes, I know. We already are energy independent. But I get paid to say this. Ecology, smology. Drill, baby, drill.

13. End political correctness

Translation: Why do we have to be so nice to those gays, Latinos, Jews, Muslims, atheists, women, immigrants, disabled or poor? Let them be self-sufficient like me . . . or starve. (Did he mention that political correctness is good for demanding apologies from the left, for any perceived insults. The right walks both sides of that fence.)

O.K., I don’t know that Ben Carson actually is running for President. Just because people are collecting hundreds of thousands of dollars for his non-existent campaign and he is flying all over the country giving speeches about what’s best for America, that doesn’t prove anything.

And OK, he said, “As far as my running for public office, that was never my intention. I thought when I retired I was going to play golf and learn how to play an organ. But, obviously, the good Lord had a different plan for me. I will obviously listen, but that is not what I really had intended to do.” (Unless you beg me. Please beg me.) But, that doesn’t prove he actually wants to be President.

And just because he opposes Obama’s (weak, as usual) $2.85 hike in the federal minimum wage, which currently stands at $7.25 an hour, or around $15,000 a year, that doesn’t make Carson a suck-up to the rich.

And just because a surgeon, who boasts about having zero political experience, wrote the obligatory, pre-Presidential book, America the Beautiful, that doesn’t mean he actually is running for office.

(As an aside, no company would hire someone with zero experience, to be its CEO. Yet somehow, we are expected to believe having zero experience is a good criterion for running the United States of America.)

And just because the media now refer to him as a “Tea Party hero,” doesn’t mean he’s yet another, in what has become a long, long line of extremist, right-wing, Koch-brothers-loving, screw-the-poor, nut-cases.

But then again . . .

Are there any moderate Republicans left?

Rodger Malcolm Mitchell
Monetary Sovereignty

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) Or institute a reverse income tax.
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

Monetary Sovereignty Monetary Sovereignty

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