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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.

I remember being in college, when the world was simple. There, safely tucked into the cloister and ivy, everything was obvious. Later, the real world was less obvious, and today things have become complex.

For you, today’s college students, the world still is simple: Make grades, party and be certain about what you believe. For you, it is obvious that the Palestinians, whoever they may be (See: here), are poor, beleaguered underdogs, being oppressed by the evil and mighty Israelis.

So you follow along, chanting the words you were given, to protest march in the streets, and to call for boycotts of Israel, and otherwise to demonstrate your deep and perfect knowledge of the Mideast.

Sometimes, on very rare occasions, you may find you still have a little bit to learn (Those occasions will increase in frequency as you grow older.) And perhaps, just perhaps, this may be one of those times:

A “very good question” in Mideast conflict
By Jeff Robbins

At a panel on the Mideast conflict two years ago, then-Representative Barney Frank asked the late Leonard Fein, a left-leaning critic of Israeli Prime Minister Benjamin Netanyahu, why it was that if the Palestinians truly desired a two-state solution, they had continued to reject Israeli offers of a Palestinian state in return for peace.

“That,” replied Fein, “is a very good question.”

Why, indeed, is it that the Palestinians rejected Israel’s offer for an independent Palestinian state comprised of virtually all of the West Bank, the Gaza Strip, and a capital in East Jerusalem in 2000, in 2001, and then again in 2008? After all, acceptance of any of those peace deals would have resulted not just in an end to the settlement construction that the Palestinians assert is the obstacle to peace, but the evacuation of tens of thousands of Israelis from the West Bank.

President Bill Clinton described Yasser Arafat’s rejection of the Palestinian state offered by the Israelis at the end of his second term as tragic.

Former Secretary of State Condoleezza Rice describes the even more favorable offer made by Israel in 2008, and the high hopes that the United States had that, at long last, the Palestinians would accept the state that had been offered them in return for peace.

“In the end, the Palestinians walked away from the negotiations. . . . Had [Palestinian President Mahmoud Abbas] expressed a willingness to accept the extraordinary terms he’d been offered, it might have been a turning point in the history of the intractable conflict.”

So yes, the Palestinians (or more correctly, the Gazans) indeed are poor and they are beleaguered and they are oppressed, the question being: Who exactly is the oppressor?

Of course, you know none of this, for all your young eyes can see is Israelis killing civilians — you know, those civilians behind whom the Hamas fighters were hiding as they fired their rockets, and whose homes Hamas usurped to dig their attack tunnels.

The fact is, as the article so eloquently continues:

The Palestinian street opposes any end of conflict with Israel that fails to bring about its (Israel’s) disappearance.

Fewer than 30 percent of Palestinians support a two-state solution — a West Bank/Gaza state living in lasting peace with Israel. Almost two-thirds (said) “resistance should continue until all of historic Palestine is liberated” (i.e. Israel is obliterated).

And this past September, 80 percent of Palestinians polled said that Hamas should continue to fire rockets at Israel, with Hamas, receiving an 88 percent approval rating, compared with only 36 percent approving the considerably more moderate Palestinian Authority government led by Abbas.

Abbas told the Washington Post that he was in no hurry to make peace with the Israelis, and that he refused even to negotiate with them. Rather, Abbas preferred to wait, hoping that international pressure on Israel would force it to capitulate without any corresponding obligation on the Palestinians’ part to agree to live in peace. “Until then,” Abbas told the Post, “in the West Bank we have a good reality . . . the people are living a normal life.”

The Palestinians’ argument that UN intervention is necessary because they cannot otherwise obtain a state represents a dearly-held narrative that has been adopted wholesale in certain quarters. Sadly, however, it is a narrative that is tough to square with what has actually occurred.

Why would “fewer than 30 percent of Palestinians support a two-state solution — a West Bank/Gaza state living in lasting peace with Israel”? They have been taught to hate, taught from an early age, in their schools, taught by their political leaders.

So, dear students, the world is a bit more complex than your leaders and the Islamists have told you. Neither Hamas nor the PLO wants peace with Israel. Their motives are much darker.

They will settle for nothing less than the total destruction of Israel, and their not “understanding” why Israel resists negotiating its own eradication, is but a pretense for the gullible.

ISIS Closing in on Israel from the North and the South
The Fiscal Times By Riyadh Mohammed, Dec 23, 2014

(ISIS) says it has recruited three Syrian rebel groups operating in the south of the country in an area bordering the Israeli occupied Golan Heights — that have switched their loyalties to ISIS.

This switch means that Israel, the U.S.’s closest ally in the Middle East, could be threatened from the southwest by the Egyptian ISIS group of Ansar Bait al-Maqdis in Sinai and by ISIS in southern Syria.

ISIS has been criticized by many Arabs and Muslims for not taking its fight to Israel and instead fighting fellow Arabs and Muslims. An attack aimed at Israel may boost ISIS’s popularity in the Arab world and refresh its recruitment and funding efforts.

Israel is stuck in the midst of the world’s longest war — the 1,300 year war between Islam and Christianity — with the current Mideast conflict being but a sentence in a paragraph in a religious war tome.

And that sentence reads, “Non-muslims are infidels who must be killed. There is no room for compromise.”

France Orders Troop Reinforcements After Attacks

After a string of attacks across France that have heightened concerns about Islamic militancy, Prime Minister Manuel Valls said on Tuesday that hundreds of additional military personnel would be ordered onto the streets.

“There is a terrorist threat in France,” Mr. Valls told a news conference in Paris. “It is undoubtedly the main challenge of our time.”

Security concerns in France and elsewhere have been heightened by the radicalization of thousands of Europeans who have traveled to Syria and Iraq to join the Islamic State, which seeks the establishment of an Islamic caliphate.

So march on, young collegiates, chant the protest slogans taught to you, boycott and express your outrage. But be careful of what you desire.

If the “infidels” of Israel are destroyed, the “infidels” of Europe will be next, then to be followed in death, by the “infidels” of America.

This centuries-long war knows no boundaries, and the peace you want may not be the peace you receive.

It may be an eternal peace.

Rodger Malcolm Mitchell
Monetary Sovereignty

PS: An update from 3/7/15

Hamas Focuses on Rebuilding Tunnels as Gazans Suffer
Hamas’ focus on reconstructing its tunnels, while ignoring the lack of housing in Gaza points to the military wing’s dominance in the organization.

The rampant tunnel reconstruction is not only indicative of the military wing’s conduct, but also of the warped priorities of a movement that started out as a welfare organization.

The military wing has risen against its founders. Operation Protective Edge inflicted immense damage on Gaza, resulting in more than 2,200 fatalities, thousands of wounded and unprecedented devastation to houses and infrastructure.

A quarter of the population is homeless. Still today, thousands of families whose homes were destroyed live in public buildings.

Once again, Hamas is investing the scant resources it can get its hands on in preparing for the next war.

Perhaps it would appeal to America’s university children, and their naive Boycott, Divestment and Sanctions Movement, to refer to “peace tunnels.”

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.