Twitter: @rodgermitchell; Search #monetarysovereignty
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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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You would think that after so many right wing heroes have turned out to be idiots, bigots or worse — Herman Cain, Newt Gingrich, Sarah Palin, Michele Bachmann, Rush Limbaugh, Glenn Beck, the list goes on and on — the Republicans would have learned something. Sadly, no.

You’ve read about Cliven Bundy, the latest in a long line of Republican heroes. He became a conservative celebrity for valiantly fighting against the big, bad old government that wants to kick his cows off his land — land that his ancestors settled in 1877 before the federal government illegally laid claim to it.

He recruited patriotic citizens — armed men and women — to protect him from the U.S. government, and its illegal laws. Those brave souls scared off the weak, government lawmen.

Except:

1. Bundy admits he doesn’t actually own the land. Instead, he now claims the State of Nevada owns the land, so presumably he owes rent (which he never has paid) to Nevada, instead of owing rent (which he also never has paid) to the U.S. government.

2. According to Gene Lyons in the Arkansas Times:

One thing about that mangy posse of anti-government crackpots camped out at Cliven Bundy’s place in the Nevada desert: Most don’t know a thing about cattle ranching.

See, it’s calving season across most of the country. No rancher worthy of the name is going to run off leaving his cows to fend for themselves while he fights somebody else’s battles. Particularly not some deadbeat who refuses to pay his grazing fees, and who claims that the same laws that apply to every other rancher in the United States don’t apply to him.

A guy who wraps himself in the stars and stripes while proclaiming “I don’t recognize the United States government as even existing.”

Nationally, some 18,000 ranchers lawfully graze 157 million acres of federally-owned property supervised by the Bureau of Land Management, at subsidized rates. No wonder the Nevada Cattleman’s Association–not exactly a left-wing organization—has stated that while its membership has perennial issues with the BLM, it encourages obeying the law and “does not feel it is our place to interfere in the process of adjudication in this matter.”

See, this isn’t land the U.S. seized by eminent domain. Surrendered to the Feds by Mexico in 1848, it never belonged to the state of Nevada, which didn’t yet exist. The U.S. District judge who ordered Bundy’s cattle removed ruled that he “has produced no valid law or specific facts raising a genuine issue of fact regarding federal ownership or management of public lands in Nevada, or that his cattle have not trespassed.”

See, it’s a form of welfare the BLM oversees, but it helps sustain a way of life Americans are nostalgic about. The various “Sovereign Citizen” groups and armed militia types playing soldier in the desert, however, are something else. While the BLM was wise not to confront the mob, the current triumphalism among far-right zealots can’t be seen as anything but ominous.

One wonders, however, how the armies of April will react to a Las Vegas TV station’s revelation that much of Bundy’s personal saga is make-believe. Grazing Golden Butte since 1877? Not quite. His father bought the Bunkerville ranch in 1948; they began renting BLM land in 1954.

3. Bundy is a racist of the worst kind. According to TPM Livewire:

Cliven Bundy Wonders If Blacks Are ‘Better Off As Slaves’ Than On Gov’t Assistance

“I want to tell you one more thing I know about the Negro,” the rancher began as he described a “government house” in Las Vegas where he recalled that all the people who sat outside seemed to “have nothing to do.”

“And because they were basically on government subsidy, so now what do they do? They abort their young children, they put their young men in jail, because they never learned how to pick cotton. And I’ve often wondered, are they better off as slaves, picking cotton and having a family life and doing things, or are they better off under government subsidy? They didn’t get no more freedom. They got less freedom.”

And there we have it — yet another right-wing nut-case bigot–a deadbeat who won’t pay his bills, but complains about others receiving a government subsidy, and who simply cannot help lying, insulting and otherwise demonstrating abject stupidity.

I wonder how those goofballs with guns, who put their lives on the line for Bundy, feel now. Well, we know how the right wing politicians feel:

The NY Times reached out to spokespeople for Sens. Rand Paul (R-KY) and Dean Heller (R-NV), who have spoken in support of Bundy, and for Texas Attorney Gen. Greg Abbott (R). Those who responded distanced themselves from Bundy and his remarks.

A spokesman for Heller, who had called Bundy and his supporters “patriots,” told the Times that the senator “completely disagrees with Mr. Bundy’s appalling and racist statements, and condemns them in the most strenuous way.”

A spokeswoman for Abbott, (said his) letter to the agency “was regarding a dispute in Texas and is in no way related to the dispute in Nevada.”

A spokesman for Paul told the Times that the senator wasn’t immediately available for comment.

As Louisiana Republican Governor Bobby Jindal famously said, “We’ve got to stop being the ‘Stupid Party,'”

Keep trying, right wing folks. So far, it hasn’t worked. Must be in the genes.

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)

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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