–She will be the next President of the United States

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

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
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.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Many people voted for Barack Obama, because he promised change, and the people wanted change — change from the old cronyism, the old feed-the-rich, the old political BS that every day widens the gap between the rich and the rest.

Obama didn’t deliver. We didn’t recognize that he was a product of the cronyism, feed-the-rich, Chicago-style political BS.

We should have. It was right there in front of us — this “neighborhood organizer” that was promoted far beyond his skills by Mayor Daley’s mob. We should have seen it, but we didn’t. He fooled us.

Then, many of us voted for Republicans because they promised to end Obamacare, shut down the government, end all limits of campaign spending, broaden the tax base to get more from the poor and deport all 12 million of the undocumented. But, then each of us thought, “Hey, that doesn’t do me any good. In fact, it will screw me royally — and that’s what they want.

So, we now realize, none of today’s announced candidates gives a damn about us. They care only about the rich. Why have we let ourselves be conned into voting for these crooks?

And we thought: Fool us once; shame on you. Fool us twice; shame on us.

If we get fooled again by the Clinton, Pelozi, Boehner, Biden, Bush, Christi, Rubio, Ryan, Romney, Santorum old-guard political hacks, we deserve to continue being tied up, raped and tossed in the trash.

There is one, and only one candidate, so far as I know, who is willing to buck the elephants and jackasses, and act for the people:

The Speech That Could Make Elizabeth Warren the Next President of the United States

Early Friday evening Sen. Elizabeth Warren took to the Senate floor and gave a plain-spoken, barn-burning speech that could make history and put her into serious contention to be the next President of the United States.

Democrats don’t like Wall Street bailouts. Republicans don’t like Wall Street bailouts. The American people are disgusted by Wall Street bailouts.

And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again…

So let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frank isn’t perfect. It should have broken you into pieces!

If this Congress is going to open up Dodd-Frank in the months ahead, then let’s open it up to get tougher, not to create more bailout opportunities.

If we’re going to open up Dodd-Frank, let’s open it up so that once and for all we end too big to fail and I mean really end it, not just say that we did.

Instead of passing laws that create new bailout opportunities for too big to fail banks, let’s pass…something…that would help break up these giant banks.

A century ago Teddy Roosevelt was America’s Trust-Buster. He went after the giant trusts and monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power.

But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations up our democratic system.

And now we’re watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else we entire federal government will grind to a halt.

Think about that kind of power. If a financial institution has become so big and so powerful that it can hold the entire country hostage. That alone is reason enough to break them up.

Enough is enough.

Enough is enough with Wall Street insiders getting key position after key position and the kind of cronyism that we have seen in the executive branch. Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over but everybody will come to regret. Enough is enough.

Washington already works really well for the billionaires and the big corporations and the lawyers and the lobbyists.

But what about the families who lost their homes or their jobs or their retirement savings the last time Citigroup bet big on derivatives and lost? What about the families who are living paycheck to paycheck and saw their tax dollars go to bail out Citi just 6 years ago?

We were sent here to fight for those families. It is time, it is past time, for Washington to start working for them!

Can you imagine Hillary giving a speech like that? Can you imagine any Republican giving a speech like that?

The current crop of misfit politicians are so greedy for money, they do anything and everything the rich tell them to do. And it’s always the same: Take from the middle class and the poor, and give to the rich.

At long last, we should vote for someone whose entire record is: Fight for the 99%.

Warren isn’t Obama-esque phony change. She has proven she means it.

The political hacks can’t fool us twice. We won’t vote for the same old mopes. We’ve done that already, and look what it brought us.

Fool us once; shame on you. Fool us twice; shame on us.

We’ve learned.

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. (Refer to this.)
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

22 thoughts on “–She will be the next President of the United States

  1. She might be more convincing if she had any record of leading her colleagues in the Senate to do even the slightest bit of what she says should be done. And based on that she should be leader of the free world? Sounds like another community organizer to me.

    Like

  2. Yeah, great speech! Reminds me of someone I know.

    At best she will vote nay; if she really means what she says, filibuster. I won’t hold my breath.

    Excuse my cynicism.

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  3. More grist for your mill, Mary. Follow the link in this article to get to Elizabeth Warren’s speech (it’s toward the bottom of the link). I think the author of this article, Roger Malcolm Mitchell, has it exactly right, and I think Elizabeth Warren has it exactly right. If she runs for President, I would sure vote for her. If she does run, can you imagine the forces and money that will be arrayed against her and she sure won’t get any donations from Wall Street. We’ll have to see how that plays out. To counter that, if she runs, she will have powerful forces arrayed for her as well. Namely the voters. I would even donate to her campaign, although, as things are currently, I’ve pretty much stopped contributing. Date: Sat, 13 Dec 2014 22:17:34 +0000To: jwhartley77@msn.comFrom: comment-reply@wordpress.comSubject: [New post] –She will be the next President of the United States

    WordPress.com

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

    Mitchell’s laws: ●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics. ●The more”

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  4. In the mean time, Rachel Maddow was tying her self in knots condemning Republicans for sticking the Wall Street provision into the bill, as she evaded the glaring fact Obama and Biden were whipping Congressional votes by phone. Sheesh! Give me a break!

    The spending bill will pass, everyone will hang their heads saying they were against it, all the while we the people wonder how the new definition of bipartisan means giving away the store.

    Everyone knows, but won’t admit it: the dice are loaded.

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  5. I am curious when you say “we” and “fool us once…” who is this “we” and “us”??

    There were many people who were not fooled by president Obama and no I am not talking about Republicans who voted against Obama and are against anything Obama does simply because he is a Democrat.

    Many of those folks are people who seem to be get mocked here but they were not fooled and yet some folks here which I imagine would include “we” and “us” were fooled!

    You ask “Can you imagine any Republican giving a speech like that?”..actually I can and I have…the list may not be long but there are a number of politicians on both sides, who have fought longer and have spoken out more than Senator Warren…some maybe not with the fire of Warren’s speech but there have been a good number who have spoken out….a few off the top of my head include Ron Paul and to a much lesser extent Rand Paul, Dennis Kucinich, Bernie Sanders, Alan Greyson and Justin Amash. Some you may not like their solutions like Ron Paul or Justin Amash and hence mock since they do not worship the government but they have nevertheless spoken out.

    If you open your eyes you will find others who have spoken out on these issues of crony capitalism and bank bailouts as much as Senator Warren.

    The question is this just another speech.. or more rhetoric like Obama gave when the “us” and “we” were fooled by him or will she follow through..living in Mass, I was never really impressed with her but we will see…..

    In any case I am glad the “We” have begun to learn!!

    Like

    1. “We” is America.

      One of the problems “we” face is the recent belief that some of “us” are not part of America, but rather are “them.”

      This notion has been promoted by the rich and the “religious” right, who seem to consider themselves apart from “us.”

      Like

  6. Send her $5? OK, but you’ve got to be kidding. She needs major-league money. Sherman Adelson money. Where’s that going to come from?

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  7. “this ‘neighborhood organizer’ that was promoted far beyond his skills by Mayor Daley’s mob….”, what a snide right wing comment, and I didn’t vote for Obama either time. he was hardly ‘promoted far beyond his skills’. what does such dreck even mean? he was a Rockefeller Republican from the get go, anyone that had done even a cursory examination of his record would have known that. he only “fooled” those that wanted to be fooled….. further, he has done everything that he has wanted as a centrist 70s republican. what mythical “skills” do you think one needs to be president? it is less about so called “skills”, and all about ideology and intellectual curiosity.

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    1. “he was a Rockefeller Republican from the get go” blacksocialist

      I guess Republicans and Democrats have little difference now days – so you are right. However, these jackals are the opposite of “the right”, they are a bunch of communists/socialists.

      We are fooling ourselves thinking that we need the government to “take care of us”, the government never makes anything. So where does that notion com from?

      It’s very interesting you mention intellectual curiosity, because the left has none of that. First think how to spend money, second think of how to justify it. I wonder how anyone can be a leftist… anyone…

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        1. The purpose of government is to manage/create/enforce laws and build/manage/safeguard the national infrastructure.

          Because politicians win by money and votes, anything outside of the above, including the economy, should be completely outside of its domain. Borrowing to fund government activities hides the impact of such borrowing, since the population will not see their tax bill go up immediate. Hence, everyone wants more spending – up until their taxes shoot through the roof. As I said below, did that slice of bread come into existence via the stroke of a key?

          Nonetheless, whether I like it or not, governments do what people ask of them. That task becomes much easier when the population is so confused (thanks to the lying politicians) that they demand that governments do exactly what will screw them the most (borrow to spend).

          This is exactly where we are today. Whether we are Republican or Democrat, we demand spending on those areas that benefit us individually (remember I said people were psychopaths?) – nobody cares about the population/society as a whole. At the end of the day, the entire nation wants more spending whether we say it or not.

          Like

    1. She is not and will never be a dictator.

      I really like the way she has gone after the banks; however, this lady is either a liar or stupid when it comes to economics and her notion of “helping working families”.

      She has no sense of how this “helping” directly impacts someone else and productivity. If she really wanted to help our society/economy/etc.., she would not be pushing for handouts. How can she not know that governments are (at best) a zero sum game, they take from someone to give someone else.

      Or do you feel that slice of bread came into existence via a stroke of a key?

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  8. “The purpose of government is to manage/create/enforce laws and build/manage/safeguard the national infrastructure.”

    The purpose of government is to benefit the populace, no matter what form that benefit may take. The federal government has the means and obligation to provide for our basic needs: Food, shelter and health care.

    Each of us has our own needs and desires, so each of us needs different benefits. You may feel more need for law enforcement and infrastructure maintenance; a starving person may need food. A homeless person may need shelter. A sick person may need medical care.

    There are those who think the needy are lazy and should provide for themselves or starve, live in the cold or die. I disagree with that selfish, mean-spirited notion.

    ” . . . this lady is either a liar or stupid when it comes to economics”

    She is neither a liar nor stupid. I suspect she understands Monetary Sovereignty.

    “How can she not know that governments are (at best) a zero sum game, they take from someone to give someone else.”

    Completely false. Your comments indicate you do not understand Monetary Sovereignty.

    I suggest that before you comment further, you read: Monetary Sovereignty: The key to understanding economics.”

    It will take you about 15 minutes, and will show you why your comments are in error. A good learning experience.

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    1. “The purpose of government is to benefit the populace, no matter what form that benefit may take.” RMM

      This is the most vague statement I’ve ever read. What does benefit mean? Is it beneficial for someone paying taxes? Is it beneficial for a laborer who’s salary can now purchase 60% of what it bought in 2007? Is it beneficial for someone receiving food stamps? Sorry – I don’t subscribe.

      “There are those who think the needy are lazy and should provide for themselves or starve, live in the cold or die. I disagree with that selfish, mean-spirited notion.” RMM

      Than what are YOU doing about it? Are you working after retirement to provide for some of them? Are you giving some of your wealth to help them? Are you volunteering to help them? It’s always easy to chose for others – ain’t it? Liberals are so anti-slavery, yet they are so willing to enslave a large part of the population because they are not “mean spirited”. Sure you are not…

      “Completely false. Your comments indicate you do not understand Monetary Sovereignty.” RMM

      So a slice of bread does come from a stroke of a key…. Got it…

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  9. “Is it beneficial for someone paying taxes? Is it beneficial for a laborer who’s salary can now purchase 60% of what it bought in 2007? Is it beneficial for someone receiving food stamps?”

    Answers: No, no and yes. That is the whole point, which you still don’t get.

    ” . . . what are YOU doing about it?”
    Again, you don’t get it. We’re talking about what the government should be doing about it, not what I personally should be doing about it.

    “So a slice of bread does come from a stroke of a key.”
    No, the dollars to pay for that slice of bread come from the stroke of a key. Where do you think dollars come from, anyway?

    Try. Do your best. If you sincerely wish to learn, you can do it. After all, it was you who praised ” intellectual curiosity.”

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    1. “No, the dollars to pay for that slice of bread come from the stroke of a key. Where do you think dollars come from, anyway?” RMM

      Now I understand – I’ve been working my butt off since getting to working age for nothing. All I need to do is quit my job making these slices of breads – which would immediately qualify me for all this “help” and voila, I get to live a hakuna matata live.

      Here you go:
      “Hakuna Matata, what a wonderful phrase
      Hakuna Matata, ain’t no passing craze
      It means no worries for the rest of your days
      It’s our problem free philosophy, Hakuna Matata”

      Dance with me Rodger…

      Like

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