–Help America. Help yourself. Help the world. Send Elizabeth Warren this Email

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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.
======================================================================================================================================================================================

Right-wingers, the world over, have convinced the populace that austerity is necessary and prudent. Meanwhile, austerity causes economic misery everywhere it is tried.

The right-wing motive: To widen the income/wealth/power GAP between the upper .1% and the rest of us.

Elizabeth Warren is one of the very few American politicians who seems devoted to narrowing the GAP.

She continually battles the Republicans, and even members of her own party, regarding the need for federal spending. She repeatedly faces the question, “Who will pay for it”? It’s a question easily answered by anyone who understands Monetary Sovereignty.

I’m not sure, however, that she understands Monetary Sovereignty, so I urge all readers of this blog to go to: Email Elizabeth Warren, and send her an Email containing a message like this:

Dear Senator Warren;

You can accomplish exactly what you want to accomplish, but first you must get past the question, “Who will pay for it.”

The answer, very simply, is this: The U.S. federal government, being Monetarily Sovereign, has the unlimited ability to pay for anything.

If all federal taxes fell to $0 or rose to $999 billion, neither event would affect the federal government’s ability to pay any bills of any size — without borrowing.

If you’re going to fight the fight, don’t go in with one hand tied behind your back. Understand Monetary Sovereignty.

Here are two, short, clear explanations:

Monetary Sovereignty, the key to understanding economics (https://mythfighter.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/)
and
Lunch really can be free (https://mythfighter.com/2013/07/27/i-just-thought-you-should-know-lunch-really-can-be-free/)

Send it more than once — perhaps once a week — just to make sure the message is delivered.

All we need is one loud voice to tell America and the world that the BIG LIE is exactly that, a big lie, and that there is no good reason why benefits to the 99.9% are being cut.

Try it. It’s easy. It might help you, your children and your children’s children.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Ten 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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (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

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

–Why not a “GI Bill” for all Americans?

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

There was a time when our politicians actually gave some thought to the primary role of government: To protect the less powerful from the most powerful.

That was before the the loathsome, pretend-religious, pretend-American selfishness of the right-wing, Koch-inspired, FOX News supported, Tea Party, for which all social benefits are anathema.

Today, the twin “BIG LIEs,” that the government “cannot afford” social spending and that social spending leads to sloth, predominate.

Thus we have the shameful spectacle of “red” states refusing billions of free dollars from the federal government, for no other reason than to deny health care to their poorest people.

Those who are least religious and least American, are most likely to claim religion, and to parade about carrying the American flag. This is not irony, but rather an intentional disguise — a deliberate camouflage.

Past generations were far more religious and far more American. Prior to instituting the social programs of the 1960’s, our great nation passed the “GI Bill.”

The Servicemen’s Readjustment Act of 1944, known informally as the G.I. Bill, was a law that provided a range of benefits for returning World War II veterans (commonly referred to as G.I.s).

Benefits included low-cost mortgages, low-interest loans to start a business, cash payments of tuition and living expenses to attend college, high school or vocational education, as well as one year of unemployment compensation.

Can you imagine today’s sniveling Congress, a group that regards unemployment compensation, food stamps and indeed, all of the poor themselves, with disdain — can you imagine these creatures of low character, enacting such beneficial laws?

A look at the available statistics reveals that these later bills had an important influence on the lives of returning veterans, higher education, and the economy.

Congress succeeded, often in the face of fierce objections from the fiscally conservative Nixon and Ford Administrations, to raise benefit levels.

As the funding levels increased, the numbers of veterans entering higher education rose correspondingly.

Higher education and other GI Bill benefits helped not only the individual recipient, but America as a whole.

Effects of the GI Bill

Prior to its passage, detractors feared that paying the education expenses of veterans would lead to overcrowding at colleges, which before World War II were accessible predominantly to members of society’s upper class.

Critics were concerned that veterans would wreak havoc on educational standards and overburden campuses with their lack of preparation for the rigors of higher learning.

Veterans were not the only beneficiaries of the GI Bill. Colleges, with increased enrollments, received years of financial security following its enactment.

Veterans demanded more practical college course work, and this need led to a changed concept of higher education, with more emphasis on degree programs like business and engineering.

The lines of race, class, and religion blurred as higher education became attainable for all veterans. No longer was a college degree—and the higher paying jobs that normally follow it—limited to members of the upper class.

As the veterans graduated from colleges, women and members of minorities enrolled to fill the gaps they left. The GI Bill’s mortgage subsidies led to an escalated demand for housing and the development of suburbs.

One-fifth of all single-family homes built in the 20 years following World War II were financed with help from the GI Bill’s loan guarantee program, symbolizing the emergence of a new middle class.

The GI Bill, in both its versions, is widely regarded as a success.

Yet today, millions of potential leaders are denied college by high tuitions. Millions more suffer through the student loan trap. Even more millions go without adequate medical care, housing and even food.

The GI Bills began at a time when the U.S. federal government was less Monetarily Sovereign than it is today. (Being on a gold standard until 1971, the federal government had less freedom to create dollars and to pay bills. Yet then, there was compassion for the 99%, something notably lacking today.

We have a “GI Bill for everyone,” waiting for an honest President and a principled Congress to enact. It is called: The Ten Steps to Prosperity

Rodger Malcolm Mitchell
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.

#MONETARY SOVEREIGNTY

–The Republican Party Moves to the Right? Impossible!

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

We thought that by loving guns, but hating abortion, by loving Glenn Beck, Rush Limbaugh and Allen West, while hating blacks, browns, immigrants, gays and the poor, the Republicans could not possibly move further to the right. It would be like learning the Titanic is sinking deeper.

But, here we are:

Tea party Republican breaks through to House GOP leadership
The tea party has claimed its first spot in House leadership with the election of Rep. Steve Scalise to the No. 3 post – majority whip. Will he ease GOP tensions or make them worse?

Now tea party-backers finally have a strong conservative in the Republican leadership of the GOP-controlled House: Rep. Steve Scalise of Louisiana, who was elected by party members on Thursday to the No. 3 job in the leadership.

He fills the slot left vacant by Rep. Kevin McCarthy of California, who was elected – and elevated – to the No. 2 job of majority leader.

The changes were triggered by majority leader Eric Cantor’s stunning defeat to a tea party favorite in his June 10 primary in Virginia.

The addition of Congressman Scalise is expected to push House Republicans further to the right. But the pressing question is whether Scalise will bridge – or aggravate – deep divisions within the party.

Somehow, we suspect that deep divisions within the party are the least the Republicans have to worry about.

Given President Obama’s poor and declining approval ratings (Republicans hate him because he’s President and black; Democrats hate him because he’s right wing) — given that opportunity, one would think the Republicans would try to fill the void Obama is leaving them.

But no. Instead, they have decided to move even further into Michele Bachmann, Sarah Palin, Ayn Rand crazyland — further from the center of America.

It’s one of the mysteries of American politics. Every time Obama does something dumb (raise FICA and other austerity measures during a recovery), the Republicans raise him a dumb (shut down the government to cut federal spending).

Today, Americans are stuck with two political choices: Soft right-wing Democrat conservatives and extreme right-wing Republican fascists, there being no liberal party any more.

Three Extreme Right-Wing Ideologies Have Taken Over the Republican Party — and Could Destroy It Forever

As the capitalist worldview evolved, the business class made a fetish out of the “free market” and viewed government as, at best, a necessary evil.

Any sort of regulation was seen as the equivalent of slavery, and the proper role of officialdom was reduced to maintaining internal order (police), defending the realm (military) and enforcing contracts (the courts).

In the United States, however, where little happens that one side or the other does not ascribe to an overseeing God, secular rationalizations were soon complemented with the notion of divine will.

God wanted unregulated economic freedom and minimalist government to prevail. Any government involvement in social welfare was disapproved of because it allegedly promoted laziness among the poor, but this was just a convenient myth.

The real reason for keeping government activity to an absolute minimum was the rising business class’ fear and loathing of taxes.

This religious view continues to exist. Today’s struggle to return us to minimalist government and maximum economic “freedom” is led by a collection of fundamentalist Christian right-wingers and Tea Party mad-hatters.

This is just the first step toward the real goal of men like Sen. Ted Cruz, R-Texas, which is to make the U.S. a Christian fundamentalist nation.

Many radical conservatives have come to see their moderate (Republican) compatriots as worse than any liberal Democrat. They see them as traitors to principle – as politicians who ran scared in the face of Obama’s “socialist” agenda.

Under these circumstances, most of the party’s energies might well be taken up with self-destructive infighting.

America should be so fortunate as to see the extremists self-destruct, for a fundamentalist Christian government is not one ounce better than the fundamentalist Muslim government they despise.

A government run by fundamentalists’ interpretation of the bible is as heartless, dangerous and sick as a government run by strict Sharia law. They are in fact, identical twins dressed in different clothing.

Ideology is a form of debilitating shortsightedness. It replaces reality with an idealized version that usually has too little to do with the real world to be workable. The economic aspect of radical conservative ideology is fatally anachronistic.

As well as anarchistic.

Today, we are bereft of politicians with the morality an courage to duplicate the Democrats of the 1960’s — the Civil Rights Act of 1964, Head Start, food stamps, Medicare, Medicaid, the Immigration Act of 1965, the Voting Rights Act of 1965, the Elementary and Secondary Education Act of 1965, the Higher Education Act of 1965, the National Endowment for the Humanities, the National Endowment for the Arts, the Higher Education Act, the Public Broadcasting Act, the Civil Rights Act of 1968, Gun Control Act of 1968.

Those were heroic times, when our leaders understood that the elderly, the poor and the powerless need, and as citizens of a great nation, deserve assistance from the government, not because they are lazy, but because of the circumstances of their lives.

This, not cruelty, is what makes a nation great.

And yes, back then, the people and the Supreme Court understood that guns do kill, and that millions of cowards parading around with guns slung across their shoulders, is an invitation to murder and to extreme social ugliness.

Now, the Republicans have been taken over by the Christian, religious Tea Party extremists, in a mirror reflection of how Islam has been taken over by the Taliban extremists — and of course, as extremists, approved by God.

What is America’s future? How will this generation be remembered?

Will we return to our former greatness built of compassionate strength based on true morality, or will we continue our course toward becoming a nation of bigotry, cruelty and hatred, populated with pretend religionists?

The next two elections may write that book.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Ten 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. Tax the very rich (.1%) more, with much higher, progressive tax rates on all forms of income. (Click here)

—–

#MONETARY SOVEREIGNTY

–Proof- positive that investors and Republicans are not humans

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

I ran across an article that indicates investors are not of the human species, or any other living species. The article appropriately is titled:

A climate fix would ruin investors.

Burning fossil fuels creates CO2 and other pollutants. Science tells us these pollutants add to global warming and to illnesses, both of which will negatively effect human life.

But, as the headline indicates, fixing these problems would “ruin investors.” Therefore, not fixing these problems would benefit investors, so investors must not be of the human species. Q.E.D.

The article goes on to say:

Opinion: humanity is making risky climate bets and ExxonMobil may be proved right

ExxonMobil says it does not envisage a low-carbon scenario of the kind many climate researchers advocate. The company believes the costs this would entail, and “the damaging impact to accessible, reliable and affordable energy resulting from the policy changes . . . are beyond those that societies, especially the world’s poorest and most vulnerable, would be willing to bear”.

The article speculates about how much fossil fuel exists and how much will be burned, and what this means to investors. It’s a relatively dispassionate discussion about the speed at which humans will commit suicide, and how this will affect investment. You should read it.

The energy companies seem to have given up on their previous propaganda, that pollution is not suicidal, but rather now focus on how much it will cost not to commit suicide. They are betting that most nations’ leaders and their citizens will opt for species self-destruction, rather than suffering short-term economic cost.

The article warns investors that betting on the reduction in exploration for, and burning of, fossil fuels, may result in monetary losses. If you are an investor, and you predict that we people will stop killing ourselves, you may lose money.

As H.L. Mencken said, “No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people.

The explanation ExxonMobil gives for its optimism about demand for fossil fuels is the rising world demand for energy and the inertia in the global energy system.

Translation: We at ExxonMobil know it’s killing the human species (along with many other species), but we also know you’re addicted to fossil fuels — sort of like heroin and cigarettes — so you’ll just keep on shooting and puffing. And we’ll keep on supplying.

Governments have committed themselves to a view of the risks of climate change. That view implies a rapid revolution in the energy mix and correspondingly rapid reductions in emissions of greenhouse gases.

But major energy producers do not believe governments will do what they promise. They envisage a very different and quite unrevolutionary energy future in which the reserves they now possess and those they plan to develop will all be burnt.

Translation: Governments won’t do as they promise very simply because we, in the energy business, pay them not to do as they promise.

Coal mining companies, for instance, have made sure the West Virginia population believes that reductions in coal use would create an economic disaster, costing workers’ their jobs and their ability to survive.

Never mind that coal burning will kill these workers, their children and grandchildren, along with everyone else in the world. They simply cannot envision a world without coal, because the coal producers speak so loudly against alternatives.

Obama’s New Emission Rules: Will They Survive Challenges?

The Obama Administration’s recent announcement that it plans to regulate greenhouse gas emissions from existing coal-fired power plants evoked cries of protest and warnings of economic doom from the political right, and praise from the center and the left.

Two things could completely derail the rules. First, if a Republican president is elected in 2016, he or she could halt their implementation. Second, the courts could strike them down.

Now, the real legal and political battles begin. The EPA will issue its final guidelines by June 2015. The states will have until June 2016 to file their plans to meet the guidelines, with possible two-year extensions.

President Obama will leave office in January 2017, so most of this process is likely to play out under his successor. If that’s a Democrat, the process will probably continue. But a Republican president who adheres to the current party position may well stop the program.

Translation: Republicans, their children and grandchildren, are not part of the human species — or any living species — so will not be affected by fossil-burning pollution.

Sadly, those who are not Republicans may be forced to participate in a suicide pact. But why worry? It probably won’t affect us adults too much. As for our grandchildren — well, we’ll be gone by then, so really, who cares?

I almost hate to mention it, but there are alternatives: The U.S. government (for instance) could:

–Spend billions on sequestering the pollution caused by burning fossil fuels, and
–Spend more billions on developing alternatives to fossil fuels — wind, solar, nuclear, completely new ideas, and
–Spend even more on billions on protecting the people whose jobs disappear along with fossil fuels, and
–Being Monetarily Sovereign, the federal government could do it without collecting one additional dollar in taxes.

Further, these additional billions would stimulate the entire economy, making us and our children and grandchildren healthier, both physically and financially.

Why is this so hard to imagine? Investors? Republicans? Humans?

Why?

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Ten 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. Tax the very rich (.1%) more, with much higher, progressive tax rates on all forms of income. (Click here)

—–

#MONETARY SOVEREIGNTY

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