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.

I just received the following Email from the National Rifle Association.

Dear Friend,

President Obama and the media are waging all-out war on the Second Amendment. And unless you take action now, your right to own a gun will soon be a thing of the past.

Right now Congress and the American public are being bombarded with a steady stream of media attacks on our gun rights. CBS, ABC, MSNBC and CNN are flooding the airwaves and blaming the acts of violent criminals on our Second Amendment freedom.

Click here to take the NRA TAG Poll!

Obama is echoing the media’s demand for “sensible gun control.” You and I know that’s code for GUN BANS and GUN OWNER REGISTRATION.


The Email directed me to take this impartial poll:

1. Do you believe that the Second Amendment guarantees law-abiding citizens the Right to Keep and Bear Arms?
Yes No Undecided

2. Do you agree with NRA that no city, county or state government should have the right to outlaw private firearms ownership for law-abiding citizens?
Yes No Undecided

3. Do you believe that it’s solely the responsibility of government to keep you and your family safe, and therefore, there is no need for you to ever own a firearm?
Yes No Undecided

4. Do you think Congress should pass more gun control laws, or enforce the laws that are already on the books?
More Gun Control | Enforce Current Laws | Undecided

5. Do you agree with the Obama administration that the United Nations should be given the authority to regulate firearms trade and dictate U.S. gun policy?
Yes No Undecided

6. Do you support NRA’s efforts to fight mandatory gun registration?
Yes No Undecided

7. Do you agree with gun banners who believe that the names of all gun owners should be computerized and kept in a government database?
Yes No Undecided

8. Do you believe law-abiding citizens like you have the right to give or sell your guns to family members without being under the thumb of the federal government?
Yes No Undecided

9. Do you agree with NRA that law-abiding Americans have the right to carry a firearm for personal protection?
Yes No Undecided

10. Do you support the National Rifle Association’s mission to protect the Second Amendment rights of all law-abiding Americans?
Yes No Undecided

Apparently, any form of gun control really means gun confiscation by the federal government.

It’s a scare letter, and yes, it succeeds in scaring me — but perhaps not in exactly the way the NRA hopes.

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

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.