–Moron Guns

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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, and the motive is the gap.
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Here’s a bit more on guns.

FRI APR 11, 2014 AT 08:58 PM PDT
Justice Stevens: Supreme Court has Misinterpreted the Second Amendment

The Washington Post has published an opinion piece from Justice John Paul Stevens in which he analyzes the history of the second amendment:

For more than 200 years following the adoption of that amendment, federal judges uniformly understood that the right protected by that text was limited in two ways:

First, it applied only to keeping and bearing arms for military purposes, and second, while it limited the power of the federal government, it did not impose any limit whatsoever on the power of states or local governments to regulate the ownership or use of firearms.

Thus, in United States v. Miller, decided in 1939, the court unanimously held that Congress could prohibit the possession of a sawed-off shotgun because that sort of weapon had no reasonable relation to the preservation or efficiency of a “well regulated Militia.”

When I joined the court in 1975, that holding was generally understood as limiting the scope of the Second Amendment to uses of arms that were related to military activities.

During the years when Warren Burger was chief justice, from 1969 to 1986, no judge or justice expressed any doubt about the limited coverage of the amendment, and I cannot recall any judge suggesting that the amendment might place any limit on state authority to do anything.

Stevens treats the NRA very harshly.

Five years after his retirement, during a 1991 appearance on “The MacNeil/Lehrer NewsHour,” Burger himself remarked that the Second Amendment “has been the subject of one of the greatest pieces of fraud, I repeat the word ‘fraud,’ on the American public by special interest groups that I have ever seen in my lifetime.”

Given the deeply held belief, fostered by the NRA, that we all need guns — more guns and more lethal guns — to protect us from minorities and from the federal government, and that killing animals is more important than saving human lives, there is little likelihood that common sense will prevail.

To paraphrase Wayne LaPierre of the NRA, “The only way to stop a bad guy with a gun is with a good guy with a gun,” except we don’t want the government to be able to find out who the good guys and the bad guys are, so no background checks at gun shows and very limited checks for any retail sales.

Also, as right-wingers, we believe passionately in states’ rights (except when it comes to guns), so no local votes for gun control allowed.

And so, thanks to the Supreme Court, in league with the NRA, the moronic killing of poor and middle-class people will continue.

Rodger Malcolm Mitchell
Monetary Sovereignty

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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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

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.

#MONETARY SOVEREIGNTY

Published by Rodger Malcolm Mitchell

MBA Northwestern, business turnaround expert, economist

Published

15 thoughts on “–Moron Guns”

  1. Rodger! ‘Prohibition’ was a protracted bust! Recall?

    Would rather talk about whether or not an MS Economy could feasibly be managed within our current Executive/Congressional budget and appropriations processes! No such animal as a ‘limitless, save-for-inflation guesswork’ Federal Budget.

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    1. DanB!

      I don’t recall implying Prohibition. Recall?

      You and “None,” seem soooo frightened that the government will take away your precious guns, and you won’t be able to shoot people.

      But, I don’t suggest taking away your guns. So rest easy. You still will be able to kill anything you wish — people, small animals, your loved ones.

      Instead, I have offered two partial solutions for the excessive number of guns in our society. These partial solutions are discussed at: A solution to gun control and the genius of Wayne LaPierre

      So wipe the froth off your lips. You can keep on packin’.

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  2. There are always 2 extreme sides. In the case of guns it goes as follows:

    1) The left: We should ban all guns from individuals, only government officials are allowed to have guns so that they can take care of us. A quick logic test tells you this is pure fantasy, and it’s a lie. People that own guns are not going down the street shooting others. They buy guns mostly for sport or to defend themselves against criminals. And this makes the bulk of people that have guns – so what’s the beef about? You think a law will stop the criminals? Well, why hasn’t it already – isn’t it already a crime to kill?

    2) The lunatic right: not only should we have guns, we should have AK47s. But I don’t think this is what you are referring to above and the “conservatives” don’t want AK47s, they want the right to have guns. The left has a beef against any guns.

    And of course the left is going to bring up the Sandy Hook issue instead of focusing on the real issue. The kid was crazy and would have done it whether he had a gun or a tractor trailer or an SUV, fire, poising, machetes, knives, etc, etc, etc.. The issue should have been focused on the medicine the kid was taking. We talk about the rich controlling the masses – well Rodger – what do you call this?

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    2. you state, “You think a law will stop the criminals? Well, why hasn’t it already – isn’t it already a crime to kill?”…. what childlike argument. i was going to dissect the rest of your post, but what’s the point. pathetic

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  4. == Off topic ==

    [1] IT’S NOT AUSTERITY

    …if it occurs as cuts.

    So says French Prime Minister Manuel Valls, who yesterday announced another 50 billion euros in austerity for France.

    21 billion euros will be cut from social benefits and health care. 18 billion euros will be cut from government ministries (meaning mass layoffs of public workers, plus cuts in wages and pensions for those workers that survive). The remaining 11 billion will be cut from outlays to local governments.

    Valls says, “This is not an austerity package.”

    He says his non-austerity-austerity is necessary to meet fiscal targets dictated from Brussels.

    Borrowing a catchphrase from Anglo-American politicians, Valls says, “We cannot afford to live beyond our means.”

    His pièce de résistance is his claim that by obeying dictates from the Troika, France will reclaim its sovereignty. (His actual word.)

    http://www.english.rfi.fr/france/20140417-valls-denies-pay-benefit-freeze-are-austerity-package

    [2] MEET THE NEW BOSS

    …same as the old boss.

    Edward Balls is a British Labour Party politician, and is the current Shadow Chancellor of the Exchequer.

    “Shadow Chancellor” means he represents the “opposition” party (the Labour Party) in fiscal matters. He “shadows” the current finance minister (George Osborne of the Conservative Party) who himself is called the Chancellor of the Exchequer.

    An article in the UK Guardian says that if the Labour Party regains a majority in the 2015 elections, then Ed Balls will likely become the new finance minister, and will fully embrace and extend the austerity campaign being waged by the Conservatives.

    That’s no surprise, since politicians in all Western nations ceased working for the public long ago.

    http://www.theguardian.com/commentisfree/2014/apr/16/labour-doomed-tory-austerity-george-osborne-ed-balls

    By the way, Paul Krugman writes, “There’s now a full-court press of the usual suspects claiming that the recovery in the UK proves that fiscal austerity isn’t contractionary after all, that the IMF had it all wrong, and so on.”

    Krugman believes that the UK’s real economy is actually in “recovery,” and that the cause is a supposed easing of austerity! Once again he shows that he has no clue about economics. No wonder he was given a Nobel Prize in 2008.

    http://krugman.blogs.nytimes.com/2014/04/11/the-return-of-expansionary-austerity/?_php=true&_type=blogs&_r=0

    One reader writes, “Maybe it doesn’t really matter. Austerity or stimulus, an economy will recover when it’s ready, and we don’t need economists of any stripe.”

    Got that? We don’t need government spending at all. The economy is a conscious being, and will recover when it’s in the mood.

    And you say these people are ignorant? No folks, they’re insane. Literally. My consolation is to watch them suffer in poverty.

    Oh, and speaking of Krugman, he wrote a very lengthy review (4,300 words) of a new book titled, “Capital in the Twenty-First Century” by French economist Thomas Piketty.

    Krugman gushes with praise for the book, calling it a “game changer.” He ends his review by writing, “Piketty has transformed our economic discourse; we’ll never talk about wealth and inequality the same way we used to.”

    Huh???? The book says absolutely nothing new! NOTHING!!!

    Worse, Krugman strongly agrees with Piketty’s solution to global inequality, which is to tax the rich. (!!!!!)

    Got that? The cure for austerity is more austerity.

    Of course, neither Krugman nor Piketty mention the Big Lie. Not remotely.

    No wonder few people have any interest in economics. It is 99.99 percent nonsense.

    Of course, the rich bribe pundits and politicians to keep it nonsense.

    http://www.nybooks.com/articles/archives/2014/may/08/thomas-piketty-new-gilded-age/

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    1. Being monetarily non-sovereign, France is forced to adopt ever more repressive austerity.

      The French government has but two sources of euros:

      1. Taxing the people and/or reduced government spending (i.e. austerity)
      or
      2. Loans, which must be paid back, either by more loans or by taxing the people more (austerity.)

      It is an endless whirlpool economy, that can suck downward for many years, until the people are bled completely dry, and as before, bring out the guillotines.

      The only question is, “How long will the people remain asleep, before they revolt.” (Same question in America).

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      1. the next presidential election in france is set for 2017…. 2017…. as the Europeans seem to have more fight than us pathetic americans, i suspect we will see the French masses in action, hopefully….. viva revolution………..

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      2. Agreed.

        I say the USA, being Monetarily Sovereign, can keep the masses in poverty forever, giving out just enough benefits to control the peasants and to prevent revolutions. Forever.

        Not so with the euro-zone. Because of the debt-austerity spiral, euro-zone nations that do not have a large trade surplus must continue dying until the masses revolt. This is inevitable.

        Incidentally there is a mass revolt in eastern Ukraine. That’s no exaggeration. When the USSR fell, Ukrainians lost their jobs, their pensions, their everything. Life since then has become worse every day. Twelve percent of the nation’s population has fled abroad. That’s 5.35 million people, more than the entire population of Colorado, or any of 28 other states. Only those countries that are devastated by brutal civil wars are experiencing similar population decline.

        Most of the big steel mills are owned by foreigners, who keep laying off Ukrainians. And example is Mittal Steel of India. And now the Troika has dropped a mega-austerity bomb on Ukraine, in order to widen the gap even further between the rich and the rest.

        There is severe tension between western Ukrainians and those in the east who speak Russian. The latter want independence or full autonomy, and they will probably get it, since their engine is poverty and hunger. (The elderly survive on vegetables they grow in tiny patches.) Eastern Ukrainians are keenly aware of neo-liberalism and “free market” lies, and they cannot be stopped by the corrupt oligarchs in Kiev. (The oligarchs have already tried.) They are driven by desperation.

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  5. i always use that burger quote when dissecting gun nuts’ arguments, not that it matters, of course. it’s hard to argue with the irrational. regrettably, a lot of non-gun nuts do not have the history of the 2nd amendment when they argue against right wing interpretations of the 2nd amendment. just like MS, it is about the desire to educate oneself, and as I’ve repeatedly said, this country is going through a decades long intellectual devolution……

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  6. Rodger! Is Quatloosx you’re sobriquet? He’s brilliantly verbose! Let’s get about discussing the wrinkles in putting into effect your brain-child – An MS economy!

    I say you shy away from detailing how an open-ended ‘MS’ Fed Budget could be built and administered! Limits? Why/How? Generally, I agree! But you’re reluctant to detail how an ‘Unlimited FED Budget’ could be managed?
    Balls in your court! Stop skirting! ‘How To Administer An Open Ended Federal Budget?

    All ears, wise man! Bless you, bye the way!

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    1. Not reluctant not skirting and not unlimited.

      Deficit spending should be limited by an inflation that cannot be prevented/cured with interest rates. If we got to that point, we’d have to institute austerity. (We’re a loooooong way away, however.)

      The process is quite straightforward: Begin to institute the “Nine Steps to Prosperity,” always keeping the limitation in mind.

      Not so mysterious, is it? Does the simplicity trouble you? Do you feel it has to be more complicated than that?

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    2. Dear Miss Dan, if my comments annoy you so much, then I recommend you skip anything you see under my name. It’s quick and easy.

      Just a thought.

      PS: the USA already has an MS economy. And no ma’am, I am not Rodger.

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