Twitter: @rodgermitchell; Search #monetarysovereignty
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Mitchell’s laws:
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

●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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An excellent site called OpEd News published an article titled, “11 Sure-Fire Predictions About the War Against ISIS”, By Arlen Grossman.

Here are some excerpts and our comments about the latest sheep war:

1) Our military will kill a lot of people, a great many of whom will be civilians.

Unlike Israel, which has tried to avoid killing civilians, and even warned them in advance of attacks, we will drop bombs wherever we wish, with no warnings and no concerns, and yes, we will kill lots and lots of civilians.

Also, unlike the situation with Israel, there will no be marches in European and American streets, protesting the killing of civilians. And unlike with Israel, there will be no International Court claims of war crimes by our leaders, i.e. Nobel-peace-prize-winning Presidents.

Why is that?

2) Citizens of the territories we invade will hate us for it and we will make new enemies, many of whom will be easy fodder for terrorist recruitment.

Of course. How do you think ISIS created recruits from America?

3) Many American soldiers will die or be traumatized by war and come home broken in body and spirit. We will be paying for their care (and aberrant behavior) for many decades.

Unfortunately, the never-ending wars in Iraq, Afghanistan, Pakistan et al, have numbed us to the devastation we are causing. You no longer read body counts. And we never read injury counts, though is some ways, those would be worse.

Meanwhile, our President has assured us no U.S. troops will be on the ground against ISIS. Sadly, many will be IN the ground, as once again, we are treated to an Obama lie, and the sheep march off to war.

4) The wars will cost more than they are supposed to and will deplete the U.S. treasury of billions–if not trillions–of dollars.

This is the usual Big Lie, that the federal government is just like you and me, i.e. it can run short of dollars.

No, the U.S. Treasury cannot be “depleted of billions — if not trillions — of dollars — for two reasons:

–The U.S. Treasury has no dollars. (If you doubt that, see if you can learn how many dollars the U.S. Treasury has. You will not find such information anywhere.)
–It creates dollars ad hoc, by instructing banks to increase the balances in checking accounts, i.e. by paying bills.

In fact, wars enrich the economy. That is why we have so many.

5) Despite the cost, certain segments in our society–weapons manufacturers, the Pentagon, security companies, cable news networks among them–will profit greatly.

Yes, and they will hire employees and buy goods and services, all of which will grow the American economy. Horrible to say, but for many reasons, wars make for good economics. They not only enrich the economy but stimulate scientific research and development.

From an evolutionary standpoint, these beneficial stimuli are why, despite killing and wounding so many, wars continue to exist.

6) The weapons we provide to our friendly rebels will eventually be used against us.

Probably doesn’t matter much. There are so many countries happily selling weapons to virtually anyone, terrorists have very little difficulty obtaining the best of the “baddest.”

7) We will have other nations as allies, but the U.S. will provide more than 95% of the fighting and funding.

Our leaders don’t care about that. The funding is limitless and economically enriching. And history does not criticize generals and Presidents for deaths and injuries, so long as some sort of “victory” can be claimed.

8) The American people will be lied to and manipulated with fear, thus giving the government further opportunities to spy upon or restrict the Constitutional rights of its citizens.

This is not a “will be.” It’s an “are being.” It’s the same group of lies the gun manufacturers use when convincing the American sheep they need to own guns and to carry them in public. All sheep easily are motivated by fear.

9) If we eventually provoke a terrorist counterattack on our soil, Americans can kiss their remaining freedoms goodbye.

“National security” are the magic words that allow the federal government to do anything. Anything.

Those words allowed Senator Joseph McCarthy to destroy scores of lives. Those words ripped innocent American citizens, of Japanese descent, from their homes during WWII.

Those words allow the NSA to collect and use for any purpose it chooses, any and all information about you, without a warrant or any supervision at all.

“National security” is the most powerful phrase in the English language. Whenever you hear it, you will know for sure, the speaker is a damned liar, who wants to steal something from you.

10) Our stated objectives will fail to be accomplished.

Actually, we will have no stated objectives. Anything remotely resembling objectives will be so vague and limitless as to have no meaning.

Think: What have been our objectives in Afghanistan, Pakistan, Iraq, the war on drugs, the war on crime?

11) Government propagandists and supporters of the war will try to convince us that we are winning.

To paraphrase Senator George Aiken, who when speaking about the Vietnam disaster, said we should declare victory and go home.

Eventually, after losing thousands of American lives and destroying thousands of foreign lives, we will become bored with the whole thing, at which time we will, in fact, declare victory and go home.

Americans still believe in the “unconditional surrender” ending of WWII. Those days of total victory are gone.

The only unconditional surrender will be the American populace willingly surrendering our freedoms to the political/financial conspiracy that widens the gap between the rich/powerful and the rest.

It’s sheep-shearing time. Bah.

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 and here)

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

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
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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