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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The July 5, 2014 issue of NewScientist Magazine, contained this letter to the editors:

From Collin Parish

Forgive me if I fail to share your joy in response to “whistleblower” Edward Snowden’s exposure of the US National Security Agency’s surveillance techniques.

Of course we should be alert to the problem of overly intrusive government, but by far the more serious threat right now is that posed by organised terrorism.

As a result of Snowden’s disclosures, we are all in even greater danger than we were before his treacher. This is hardly a cause for rejoicing — or for awarding Pulitzer prizes.

Bessacarr, South Yorkshire, UK

I take issue with Mr. Parish’s central thesis, that foreign terrorism is a more serious threat than overly intrusive government.

I know of no nation that has been overthrown by terrorists. Terrorists may take many lives. And they may alter the lives of others (just as terrorist have required Americans to take off their shoes in airports). But there is zero possibility that foreign terrorists will overthrow the governments of the UK or America and replace them as our rulers.

Al qaeda will not take over Washington or London.

There is, however, absolute certainty that both governments seriously and adversely will impact the lives of their citizens, and in fact rule virtually everyone in negative ways.

I can make that claim, of course, because it’s already happening.

10 reasons the U.S. is no longer the land of the free

1. Assassination of U.S. citizens (President Obama has claimed the right to order the killing of any citizen considered a terrorist or an abettor of terrorism.)

2. Indefinite detention (the president has the authority to indefinitely detain citizens accused of terrorism.)

3. Arbitrary justice (The president now decides whether a person will receive a trial in the federal courts or in a military tribunal, a system that has been ridiculed around the world.)

4. Warrantless searches (The president may now order warrantless surveillance, including a new capability to force companies and organizations to turn over information on citizens’ finances, communications and associations.)

5. Secret evidence (The government now routinely uses secret evidence to detain individuals and employs secret evidence in federal and military courts.)

6. War crimes (Obama administration will not allow CIA employees to be investigated or prosecuted for waterboarding terrorism suspects. This gutted not just treaty obligations but the Nuremberg principles of international law.)

7. Secret court The government has increased its use of the secret Foreign Intelligence Surveillance Court, which has expanded its secret warrants to include individuals deemed to be aiding or abetting hostile foreign governments or organizations.)

8. Immunity from judicial review (The Obama administration has successfully pushed for immunity for companies that assist in warrantless surveillance of citizens, blocking the ability of citizens to challenge the violation of privacy.)

9. Continual monitoring of citizens (The Obama administration has successfully defended its claim that it can use GPS devices to monitor every move of targeted citizens without securing any court order or review.)

10. Extraordinary renditions (The government now has the ability to transfer both citizens and noncitizens to another country under a system known as extraordinary rendition, to torture suspects.)

Giving our already dictatorial government more information about our personal lives, merely gives them more ammunition with which to rule us, tax us, falsely imprison us, take our possessions, torture us and kill us.

Compared with governments, terrorists are a mere pinprick on a whale, in terms of adverse effect.

(I also take issue with Mr. Parish’s, “We should be alert to the problem . . . ” since this merely means, “Don’t do a damn thing about it.”)

Since far more people worldwide are killed and imprisoned by their own governments than by terrorists, am I suggesting anarchy or its advocate, the Tea Party?

No, because government is the only power having the ability to restrain rampant capitalism (the unrestrained greed of business, which caused the “Great Recession”) and street criminality.

What then can restrain rampant government? Voters and the likes of Edward Snowden, who can turn over government rocks and reveal to the voters the lice that hide beneath.

In summary, the government is a vicious guard dog that keeps away criminals, but is just as likely to turn on us.

Our protection actually is, not only as Mr. Parish claims, to “be alert to the problem,” but to be actively alert — to encourage and defend the Edward Snowdens of the world, so we know enough to cage the dog before it attacks.

Forget the government’s whining that in some never substantiated way, Mr. Snowden has put us in “greater danger.”

Even in the most unlikely event his revelations may have allowed a few or even a hundred terrorists to roam free, these terrorists would be nothing as compared with the freedom-cancelling effects of our government.

So what is our greatest danger? Our greatest danger is the Colin Parishes of the world — those naive believers who trust the government’s lies about whistle blowers, and who readily accept the destruction of our freedoms, in return for dubious protections against an overblown terrorist threat.

Our greatest danger comes from those who preach against our greatest salvation.

Rodger Malcolm Mitchell
Monetary Sovereignty

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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)

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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 growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY