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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.

You have your own free will, and technology will give you more choice than ever.

The Internet takes you all over the world, even all over the universe. You see and speak to people in foreign lands. You learn new things, and this knowledge allows you to make decisions you never could have made.

And you will make those decisions via your own free will.

Oh, really?

Consider a supermarket, one of the ultimate expressions of free will. The typical supermarket offers somewhere in the neighborhood of 25,000 items, from which you may choose perhaps a dozen on any one visit.

Yes, you are influenced by advertising, packaging, pricing and display, but within those general conditions, which apply to everyone entering the store, you make your own, individual decisions.

The store doesn’t know you from any other customer, doesn’t speak individually to you, and doesn’t change uniquely to influence you.

Now imagine the future. You walk up to the door, which uses face, weight and body type recognition to identify you preliminarily (just as you do when you priliminarily recognize a friend from 100 yards away.)

As you pass through the door, the door senses the millions of unique molecules that flake off your body every second, measures your height and stride length to verify your identity, and says, “Good morning, Mr. Jones.”

As you enter the store, the shelves you pass automatically and continuously re-arrange to place your favorite items at your eye level. Additionally, some high-profit items you like are placed in prominent locations.

Riding down the first aisle in your automated shopping cart, you hear a voice reminding you of the items you should want. It even may give a short sales pitch.

The shelves might advance preferred items toward you, as though beckoning you to pick them up, or even place the items at the checkout counter, waiting for you.

Your shopping cart might brake slightly, in front of higher profit items, you “really should buy.”

All this is done exclusively for you; the next shopper is greeted by different shelves, with different items, and different audio reminders, specific to them.

All of the above is within current technological abilities, relying on existing data about you and your life. It’s all out there.

Not only would the items be arranged for you, but the prices you pay would be different for you and each other customer.

What? Different prices for each customer? Isn’t that a step too far? Perhaps not:

E-commerce sites personalize search results to maximize profits
Websites alter results depending on whether consumers use smartphones or particular web browsers

Researchers have uncovered multiple instances of travel and retail websites steering customers toward more expensive prices depending on factors such as whether customers are on a mobile phone, use a particular browser or have purchased particular items in the past.

Nine of 16 travel and retail websites, including Home Depot, Sears, Orbitz, Priceline and Expedia, personalize search results. Seven of these sites show customers only a subset of prices, researchers report.

“It’s a concrete example of why you should care about companies tracking your behavior online,” says computer scientist Christo Wilson of Northeastern University in Boston, who led the study. “It affects your pocketbook.”

There’s a difference between deciding most people will pay $1 for a Snickers bar versus setting a price because of being able to figure out that a consumer is really hungry because they’re breast-feeding, or high or just ran 10 miles.

Researchers found that users who searched Home Depot from their desktops received products with an average price of $120, while those who searched from their smartphones were steered toward products with an average price of $230.

Browsing Travelocity with the browser Safari on an iPhone, for instance, led to slightly different hotels, and in a much different order, than did browsing with Chrome on an Android. For iPhone users, prices were $15 cheaper on about 5 percent of hotels.

Your smart phone and your car GPS “know” where you are, and whether you are walking or driving. Other “out there” data tells where you live, your income, your job, the kind of car you drive, your age, your health, what you read, what you buy, what you wear, your family composition, the coupons you use, and on and on.

Now visualize a world in which, for economy of scale, all vendors share these data. When you walk into any supermarket, the store “knows” you never have bought PepsiCola; you only buy Sprite, so the store doesn’t even show you Pepsi Cola — nor does any other supermarket.

Nor does the advertising on your TV include Pepsi Cola commercials (because why waste money advertising to a non-user?) Nor do the electronic billboards include Pepsi ads (the ads are directed to your eyes).

For you, Pepsi Cola barely exists, if at all. And the same would be true for thousands of other products. They all barely exist in your world.

Imagine you wish to buy a Chevy. You go online or you drive to a dealership. The online site and the dealership both know all about you, so they adjust the price, model, color and extras accordingly.

Your price may be higher or lower than my price. You may not see a red convertible, with heated seats and power mirrors — not in the store, not online, not in advertising.

Free will requires the ability to choose. But if choice is limited and directed, how much free will do you have?

In that world of the future, you may believe you have free will, but you might be a prisoner of the technology that is supposed to free you. Like a prisoner, your free will is limited by your jailer.

Thus can technology limit — not expand — your world and your free will.

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.

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.