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

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.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
============================================================================================================================================================================================================================================================
This past May, we published, “PRIVATIZATION: The Road to Perdition in the United States of Koch.”

It described the Libertarian / Tea Party / Republican Koch Brothers, the too-big-to-jail billionaire, world-class polluters and law-breakers. The description was in general terms, focusing mostly on the phony drives for privatization concocted by crooked politicians.

Now, we have a more detailed look at how the Kochs have purchased three political parties — Libertarian, Tea and Republican — and the minds of millions of voters.

Here are some excerpts. I urge you to read the entire article. You may have trouble believing the depths of the chicanery, so keep an open mind:

Rolling Stone
Inside the Koch Brothers’ Toxic Empire

The Kochs are our homegrown oligarchs; they’ve cornered the market on Republican politics and are nakedly attempting to buy Congress and the White House.

The Kochs have been aided and abetted by the right wing Supreme Court, which tells us that money is the same as speech, and in the immortal words of Justice Scalia, ” . . . the more speech, the better.”

Koch Industries’s troubled legal history – including a trail of congressional investigations, Department of Justice consent decrees, civil lawsuits and felony convictions, combine to cast an unwelcome spotlight on the toxic empire whose profits finance the modern GOP.

Under the nearly five-decade reign of CEO Charles Koch, the company has paid out record civil and criminal environmental penalties. And in 1999, a jury handed down to Koch’s pipeline company what was then the largest wrongful-death judgment of its type in U.S. history, resulting from the explosion of a defective pipeline that incinerated a pair of Texas teenagers.

Yes, yes, I know. Before the brainwashed apologists for right wing excesses bombard us with “There are bad Democrats, too,” let me say that I know of no people with the record of lying, cheating, stealing, fraud, unimaginable greed and blatant attempts to control the politics of America, as the Kochs.

If the apologists for criminality know of someone with a worse record, please do this: Read the entire article, then tell me of anyone to equal what you read, and detail their criminality.

Only three companies rank among the top 30 polluters of America’s air, water and climate: ExxonMobil, American Electric Power and Koch Industries. Thanks in part to its 2005 purchase of paper-mill giant Georgia-Pacific, Koch Industries dumps more pollutants into the nation’s waterways than General Electric and International Paper combined.

The cost is borne by communities in cities like Port Arthur, Texas, where a Koch-owned facility produces as much as 2 billion pounds of petrochemicals every year. In March, Koch signed a consent decree with the Department of Justice requiring it to spend more than $40 million to bring this plant into compliance with the Clean Air Act.

Imagine you being fined $5 for polluting the air and water of millions of people, while you earn millions for doing it. That seems to be what fines mean to the Kochs.

In a recent acquisition, Koch bought Frac-Chem, a top provider of hydraulic fracturing chemicals to drillers. Thanks to the Bush administration’s anti-regulatory­ agenda – which Koch Industries helped craft – Frac-Chem’s chemical cocktails, injected deep under the nation’s aquifers, are almost entirely exempt from the Safe Drinking Water Act.

This is a test of your logic: Why would the Bush administration give the Kochs a free pass to pollute drinking water?

Denser, dirtier and cheaper than coal, petcoke is the dregs of tar-sands refining. U.S. coal plants are largely forbidden from burning petcoke, but it can be profitably shipped to countries with lax pollution laws like Mexico and China. One of the firm’s subsidiaries, Koch Carbon, is expanding its Chicago terminal operations to receive up to 11 million tons of petcoke for global export.

Koch’s thinking is crystallized in a manifesto Charles wrote for the Libertarian Review in the 1970s, recently unearthed by Schulman, titled “The Business Community: Resisting Regulation.”

Charles lays out principles that gird today’s Tea Party movement. Referring to regulation as “totalitarian,” the 41-year-old Charles claimed business leaders had been “hoodwinked” by the notion that regulation is “in the public interest.”

He advocated the “barest possible obedience” to regulation and implored, “Do not cooperate voluntarily, instead, resist whenever and to whatever extent you legally can in the name of justice.”

If you’re like you and me, you have to obey the law. But, if you’re richer than God, you can resist the law, even be convicted of criminal activity, and never spend a day in jail.

Money isn’t bribery; it’s speech. Ask Justice Scalia.

Bill Koch called Charles and David, “the biggest crooks in the oil industry.”

A Senate committee investigating Koch business with Native Americans would describe Koch Oil tactics as “grand larceny.” The Senate committee concluded that over the course of three years Koch “pilfered” $31 million in Native oil.

Stealing is one crime. Destroying the environment is another. But:

Richard Fink, head of Koch Company’s Public Sector and the longtime mastermind of the Koch brothers’ political empire, confessed to The Wichita Eagle in 1994 that Koch could not compete if it actually had to pay for the damage it did to the environment.

Now you know the definition of “compete.”

And be sure to read the section describing how two teenagers, Danielle Smalley and Jason Stone were burned to death by a an explosion in a Koch pipeline — a pipeline that never should have been opened.

Bill Koch said: “Koch Industries has a philosophy that profits are above everything else.” A former Koch manager, Kenoth Whitstine, testified to incidents in which Koch Industries placed profits over public safety.

As one supervisor had told him, regulatory fines “usually didn’t amount to much.” When Whitstine said he was concerned that unsafe pipelines could cause a deadly accident, another manager said that it was more profitable for the company to risk litigation than to repair faulty equipment. The company could “pay off a lawsuit from an incident and still be money ahead.”

What is a human life worth compared with profits? Ask the Koch brothers.

Now nearing 80 – owning a large chunk of the Alberta tar sands and using his billions to transform the modern Republican Party into a protection racket for Koch Industries’ profits – Charles Koch is not about to see the light.

Nor does the CEO of one of America’s most toxic firms have any notion of slowing down. He has made it clear that he has no retirement plans: “I’m going to ride my bicycle till I fall off.”

So long as the punishment costs less than the criminal profits, and there never is jail time involved, a criminal has no reason to stop.

Their political network helped finance the Tea Party and powers today’s GOP.

Koch-affiliated organizations raised some $400 million during the 2012 election, and aim to spend another $290 million to elect Republicans in this year’s midterms.

So far in this cycle, Koch-backed entities have bought 44,000 political ads to boost Republican efforts to take back the Senate.

Now, think about it. Why are people convicted of polluting your air and water, people responsible for the deaths of American children — why are people of that ilk happy to spend hundreds of millions of dollars to elect Republicans?

Is it for your benefit? Will helping the Kochs grow richer and more powerful benefit you and your family?

How did the Kochs get so rich and the rest of you get so poor?

The Kochs are riding your bicycle — and you’re happy to let them.

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. 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.
——————————————————————————————————————————————

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

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