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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.


We believe we have progressed. Our sciences have given us knowledge. We know more about the universe, more about the world, more about medicine, electronics, causes and effects.

Productivity has increased exponentially. In many areas today, one person can accomplish more in one day than a thousand people in bygone days, could accomplish in a generation.

But though we know more and can accomplish more, our intelligence and our beliefs have not progressed. We still believe in magic. We still believe in non-facts. Our beliefs still are ruled by our desires.

In short, we are no less stupid than we ever were and ever will be.

Consider health and medicine. We intentionally ingest what we absolutely know for sure, not only will shorten our lives, but will make our later years far less pleasant. We knowingly choose to live more miserably and die sooner.

Fatty foods, cigarettes, recreational drugs — what logical, intelligent being intentionally would absorb life shortening, life worsening chemicals?

Simultaneously, we spend billions on vitamins and beauty enhancements. The illogic is stunning.

Here are four examples of human stupidity, that give lie to the belief we are making any sort of progress — examples that demonstrate why “progress” is a hazy concept in the eye of the beholder — examples that demonstrate why, as a species, we may be doomed to remain on a treadmill, like each of the animals of the forest.

I suggest our species suffers from self-destructive, psychological defects that put a ceiling on what we ever can know and accomplish.

And somewhere, there may be another species, with the same brain structure we have, but lacking those psychological defects, that species eventually will rule the universe.

What, for instance, could be more important to human progress than the health of our children?

Bloomberg view
Unvaccinated Kids Make Everyone Sick

One of America’s essential national defense shields is under attack from within, and the aggressors are people you wouldn’t normally consider dangerous: parents of young children.

As more and more resist having their school-age kids vaccinated, they are destroying the herd immunity that everyone relies on for protection against whooping cough, measles and other dangerous, sometimes fatal, infectious diseases.

The dangers of vaccines have been thoroughly debunked. A report published this week in the journal Pediatrics, however, shows how hard it is to convince anti-vaccination parents of this. In fact, the harder researchers pushed the benefits of vaccines, the more the parents resisted.

Although science often is wrong, what logical person would risk the lives of their children betting that rumors are correct and the vast majority of medical evidence is wrong?

Which brings us to religion. The bible is not science. It is a series of parables, written by men, to explain and make memorable, ethics and morality.

We long have known that the certainty of punishment, not the severity of punishment, is the strongest prevention for misdeeds. If you absolutely, positively are sure you will be caught and punished for committing a crime, you would be quite unlikely to be a criminal.

Yet, many people claim to believe in God, and they also commit crimes. How is it possible to believe an all-knowing, all-powerful entity watches your every move and knows your every thought, and will punish you for the evil you do — how is it possible to believe that, while still lying, cheating and breaking the law?

Answer: It isn’t possible, and the only conceivable reality is that the people who claim to believe in God really don’t, but the mere fact of claiming belief is socially acceptable.

And advocating for that belief is even more socially acceptable. It makes one a “better” person:

Religion in the Science Class?

Creationism, creation science, intelligent design and other theories that set out to challenge widely held scientific explanations about the origin of the universe have no place in the public school curriculum.

The U.S. Constitution guarantees the rights of Americans to believe the religious theories of creation (as well as other theories) but it does not permit them to be taught in public school science classes.

Nevertheless, there is ongoing debate in several school districts as to whether creationism should be taught as a “competing scientific theory” in high school science classes.

A staunch defender of religious freedom in America, the Anti-Defamation League explains why the teaching of these religious theories of evolution doesn’t belong in the classroom.

Not only are we psychologically limited from understanding the truth about the universe, but we are emotionally resistant to learning we have been wrong.

Why Do We Even Have A Debt Ceiling Law?
Doug Mataconis, July 12, 2011

It’s been remarked here at OTB several times by myself and other contributors that the existence of a law placing a limit on the national debt, which then must be amended every time government borrowing approaches the limit, a vote which nobody likes and everybody demagogues, is fundamentally silly.

It’s worth noting, though, that we have not always had a debt ceiling, in fact we didn’t have one until 1917, and the reasons for it coming to existence are fairly interesting:

The debt ceiling was first enacted in 1917. Why? The date tells all: we were about to enter the Great War. To fund that effort, the Wilson government needed to issue Liberty Bonds. This was controversial, and the debt ceiling was cover, passed to reassure the rubes that Congress would be “responsible” even while the country went to war. It was, from the beginning, an exercise in bad faith and has remained so every single second to the present day.

The debt ceiling is a comparatively recent fiction, foisted on the American public, to obscure the reality of federal financing. Try to explain that to Mr. & Mrs. America, and you not only be met with disbelief, but invective (“How dare you try to change by beliefs by telling me facts?”)

And then there are guns, which much of America believes “don’t kill people,” although the prime purpose of guns is to kill. America also believes “good people” with guns can “stop bad people” with guns, but angrily resists any sort of test to show whether a potential or current gun owner is “good” or “bad.”

Why more guns won’t make us safer People may think firearms will protect them, but statistics show otherwise
By Sean Faircloth

Firearm assaults on female family members and intimate acquaintances are approximately 12 times more likely to result in death than are assaults using other weapons.

The vast majority of gun owners are not planning on shooting their girlfriends, wives, or partners. But in a fit of anger or jealousy or some other overwhelming emotion, a gun can become a convenient way of lashing out. The decision to shoot can take a second, and then can’t be undone. It happens every day in this country.

As the Harvard School of Public Health found, “guns in the home are used more often to frighten intimates than to thwart crime.”

In a sane world, getting a gun would be treated more rigorously than buying a car, and government-mandated safety training and psychological screening would be required before purchase. Yet most gun advocates would object to even these steps.

I propose there is a fatal flaw in human thinking — a suicidal flaw that may have had evolutionary purpose, but will constrain our ability to understand, populate and rule the universe. We fast may be approaching the ceiling to our earthly abilities, and eventually, like the Neanderthals, may be replaced by beings not limited as we are.

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. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (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. Federal deficit growth is absolutely, positively necessary for economic growth. Period.