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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.
Misdirection: How the rich win the war against our democracy
There are but a handful of the rich versus hundreds of millions of the non-rich. Yet the rich are winning their war against democracy. They are taking ownership of America.
How is this possible in our nation where we non-rich have the majority of votes at every level – from the smallest towns to big cities, counties, states and the country as a whole?
Some might think it’s mere bribery, in which the rich pay the politicians, the media and the economists to parrot The Big Lie – the false notion that the federal deficit must be reduced. The Big Lie always leads to less going to the non-rich and more going to the rich (who characterize themselves as the “makers”).
There is a great deal of truth to the bribery idea. The president and all of Congress, with the connivance of the Supreme Court, are bribed by unlimited campaign contributions, plus promises of lucrative employment later (the “revolving door”).
And the rich own the media, which broadcast The Big Lie. And the universities that employ economists are bribed by large contributors to justify The Big Lie. So yes, the economist parrot The Big Lie.
Bribery is an important weapon in the war against democracy.
But still, it leaves open the question, how is it that we non-rich, outnumbering the rich by a million-to-one, still cannot see the plain results in front of our noses – the widening gap between the rich and the non-rich, the eroding quality of life for we non-rich compared to the magnifying wealth of the rich.
How is it that we non-rich refuse use our democratic voting power to take back our rights?
One stands in awe at the fervor displayed by voters in arguing about which political party is better. How, one wonders, can any person favor either party so mightily, when both parties take part in our defeat and the defeat of democracy?
And the answer is: Misdirection.
To any voter, the biggest issue should be well-being. A rational voter should ask himself, “What is this party or this politician doing (not just saying) to improve my life and the lives of those for whom I care?
But that is not what we non-rich are asking. The rich have misdirected us into fighting lesser battles.
They have misdirected us into battling about abortion and exactly how many days or months of gestation make a sentient human.
They have misdirected us into battling about guns and “stand your ground” and what the Second Amendment really means by “well-regulated militia”.
They have misdirected us into battling about gay marriage and gay adoption and gays in the military.
They have misdirected us into battling about whether the unemployed are clever slackers, and who would rather sleep than work.
They have misdirected us into fighting over creches and crosses on public land, and whether religion should be taught in the public schools.
They have misdirected us into worrying about which politician had an affair and which was divorced and which smoked marijuana in college and which still does, and whether the President was born in Hawaii and who put their genitilia on YouTube.
They have misdirected us into fighting about the details of becoming an American citizen and should it take ten years or seven years or three years, and if the parents are not citizens but the children were born here so should they be sent back? And how many border guards are needed between us and Mexico.
They have misdirected us into fighting about jail terms for different kinds of cocaine use and heroin use, and whether jail is appropriate at all.
And the rich love it. Misdirected, we don’t pay attention to the fact that the rich are stealing our lives.
We neither care nor even notice that their (not our) bribed government is giving us less and less, while giving them more and more.
We don’t seem to have much passion about the fact that the gap between the rich and the non-rich keeps growing.
As long as the rich keep us fighting about relative minutia, we won’t have energy or attention to fight for our lives. So the battle will be won, done and over – and we still will be battling over silliness, when we already have lost the war.
Pickpocketing is a form of larceny that involves stealing from a victim without their noticing. It requires misdirection.
And that is how the vastly outnumbered rich are picking our pockets, stealing our wallets and winning their war against our democracy.
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) 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
THE RECESSION CLOCK
As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.