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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History always teaches.
Sometimes we listen.
The rest is ignorance,
or cruel intent.

VOYAGE OF THE ST. LOUIS
On May 13, 1939, the German liner St. Louis sailed from Hamburg, Germany, for Cuba, with 938 passengers. Almost all were Jews fleeing from the Third Reich.

The passengers, who held landing certificates and transit visas, did not know that entry to Cuba now was denied to all those without written authorization from the Cuban Secretaries of State and Labor and a $500 bond.

Right-wing Cuban newspapers deplored its impending arrival and demanded that the Cuban government cease admitting Jewish refugees.

Like the United States, Cuba struggled with the Great Depression. Many Cubans resented the refugees, because they appeared to be competitors for scarce jobs.

Hostility toward immigrants fueled both antisemitism and xenophobia. Both agents of Nazi Germany and indigenous right-wing movements hyped the immigrant issue in their publications and demonstrations, claiming that incoming Jews were Communists.

Reports about the impending voyage fueled the largest antisemitic demonstration in Cuban history. Grau San Martin, a former Cuban president, urged Cubans to “fight the Jews until the last one is driven out.” The demonstration drew 40,000 spectators. Thousands more listened on the radio.

When the St. Louis arrived in Havana, the Cuban government refused to admit its 908 passengers.

Though US newspapers generally portrayed the plight of the passengers with great sympathy, only a few journalists and editors suggested that the refugees be admitted into the United States.

Leaving Cuba, the St. Louis sailed to America. Coming so close to Florida that they could see the lights of Miami, some passengers on the St. Louis cabled President Franklin D. Roosevelt asking for refuge. Roosevelt never responded.

A State Department telegram sent to a passenger stated that the passengers must “await their turns on the waiting list and qualify for and obtain immigration visas before they may be admissible into the United States.”

US quotas strictly limited the annual combined German-Austrian immigration quota to 27,370, which was filled. In fact, there was a waiting list of at least several years.

Public opinion in the United States continued to favor immigration restrictions. The Great Depression had left millions of people in the United States unemployed and fearful of competition for the scarce few jobs available. It also fueled antisemitism, xenophobia, nativism, and isolationism.

President Roosevelt could have issued an executive order to admit the St. Louis refugees, but general hostility to immigrants and the gains of isolationist Republicans in the Congressional elections of 1938, militated against taking this step in an unpopular cause.

Three months before the St. Louis sailed, Congressional leaders in both US houses allowed to die in committee a bill sponsored by Senator Robert Wagner (D-N.Y.) and Representative Edith Rogers (R-Mass.). This bill would have admitted 20,000 Jewish children from Germany above the existing quota.

Following the US government’s refusal to permit the passengers to disembark, the St. Louis sailed back to Europe. Jewish organizations negotiated with four European governments to secure entry visas for the passengers.

Although numbers vary widely, it has been estimated that about half the Jews were killed and half survived the war.

History taught us, but did we listen?

Republican congressman: Immigrant children might carry Ebola

The unaccompanied minors crossing into the United States from Mexico could be imperiling Americans by exposing them to Ebola, Rep. Todd Rokita, R-Ind warned. Also, “ultimately your property taxes are going to go up” because they’ll be able to enroll in school.

Rep. Phil Gingrey, R-Ga., warned about the possibility of heightened “swine flu, dengue fever, Ebola virus and tuberculosis.”

Rep. Michele Bachmann, R-Minn. wants a fully lit and well-staffed fence to span the entire border between the United States and Mexico, and to combat this “war against the American people,” up taxes on 100 percent of undocumented immigrants.

Rep. Mo Brooks, R-Ala. pivoted from his defensive against a Democratic “war on whites” to indicate that even immigrants who’ve lived in the United States their entire lives would lack the necessary patriotism.

“These individuals (are) gonna have access to all sorts of military weaponry, even to the point of having access to weapons of mass destruction like our nuclear arsenal. And I’m gonna have much greater faith in the loyalty of an American citizen than someone who is a citizen of a foreign nation.”

And then there is:

House Republicans unveil bill to speed deportations of border children

An Associated Press survey indicated two-thirds of Americans say the law should be changed to send the children home quickly.

And as always:

Discrimination Against Latin Americans

In 2002, 47 percent of people classified discrimination against Latinos as a major problem, compared with 61 percent in 2010. Seven out of 10 immigrant Latinos indicated that discrimination is a significant barrier that keeps Latinos from succeeding in the United States.

But not everyone:

Democratic leaders labeled the Republican proposal inhumane, given the poverty and gang violence that many of the children are fleeing. “We must have a heart and look into our souls to guide us in our treatment of these desperate children,” said House Minority Leader Nancy Pelosi.

Groups that advocate for immigrants condemned (various) House bills as appeasing the GOP’s large tea-party contingent. “How pathetic,” said Frank Sharry, executive director of America’s Voice, which advocates for immigrant rights. “They have approved a package that would send Central American children who are fleeing murder and rape back to the violence they escaped.”

History has taught us. But in America today, are we witnessing ignorance or cruel intent?

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

9. Federal ownership of all banks (Click here)


10. Increase federal spending on the myriad initiatives that benefit America’s 99% (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