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.

Do you believe:
1. Global warming would have an adverse effect on human and non-human life?
2. The world’s climate is warming?
3. Humans are partly responsible?

Here is what the right-wing Washington Post says:

Over the past four years, the Republican Party has undergone a fairly dramatic shift in its approach to energy and environmental issues. Global warming has disappeared entirely from the party’s list of concerns.

Clean energy has become an afterthought. Fossil fuels loom larger than ever.

Back in 2008, the Republican Party’s platform had a long and detailed section on “Addressing Climate Change Responsibly.”

The same human economic activity that has brought freedom and opportunity to billions has also increased the amount of carbon in the atmosphere. Common sense dictates that the United States should take measured and reasonable steps today to reduce any impact on the environment.

“Those steps, if consistent with our global competitiveness will also be good for our national security, our energy independence, and our economy.”

Skip ahead to 2012, and the GOP platform takes a markedly different tone. That section devoted to climate change? Gone.

Instead, the platform flatly opposes “any and all cap and trade legislation” to curtail greenhouse gases. It demands that Congress “take quick action to prohibit the EPA from moving forward with new greenhouse gas regulations.”

It criticizes the Obama administration’s National Security Strategy for “elevating ‘climate change’ to the level of a ‘severe threat’ equivalent to foreign aggression.”

Science allows us to weigh the costs and benefits of a policy so that we can prudently deal with our resources. This is especially important when the causes and long-range effects of a phenomenon are uncertain.

Remember, this came from a right wing paper.

Today, four years from the time when the Republicans were sure that “human activity increased the amount of carbon in the atmosphere,” the same people now feel the costs of climate protection have become too high and the benefits “uncertain.”

Of course, four years ago, the billionaire Koch brothers, and other massive environment destroyers, were prohibited by law, from bribing the politicians as much as the Supreme Court now allows.

The language echoes an op-ed written by Paul Ryan in December of 2009, which accused climatologists of using “statistical tricks to distort their findings and intentionally mislead the public on the issue of climate change.”

Ryan’s charges were untrue; a number of subsequent investigations into the leaked Climate Research Unit e-mails found no evidence of wrongdoing by the scientists involved.

This is the same Paul Ryan, the Republican budget guru and Presidential aspirant, who not only wishes to sell his soul to the highest bidder, but ironically claims the climatologists used “statistical tricks.”

That, in itself, is an old trick. Accuse the other guy of your guilt. When you lie about the climate, accuse the scientists of lying.

I’m sorry about the repeated condemnation of Republicans, but this is not my Republican Party — the party I favored from Eisenhower through Reagan.

No, beginning with Newt Gingrich, this Republican party has been dominated by mean-spirited, lying illegitimates, who care for one thing, and one thing only: Money.

This is the party of the haters. This is the “religious” party of Christie, Carson, Paul, Palin, Huckabee, Santorum, Cruz, Romney, Bachmann, Jindal, Ryan, Perry and Walker. Put them all in one room, and you’ll not find one ounce of warmth or compassion.

This is the party of the rich, by the rich and for the rich — and frankly, if you are not in the upper 1% income/power/wealth group, I cannot understand why you would give them your vote.

They will not give you anything.

Of course, the Republican chameleons will change again. Within the next couple of years, when enough of the public finally realizes climate change is real and killing us, and is the result of human fossil burning, every Republican will tell you, “I knew it all the time, and I said so . . . (many years ago.”)

By then, we will have wandered farther down the path of no return, and our planet will have been permanently mutilated.

That scarred, twisted and poisonous environment will be our legacy to our sick children and grandchildren.

And more than any group on earth, the U.S. Republican party and its followers deserve the credit.

Rodger Malcolm Mitchell
Monetary Sovereignty

The 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. Federally funded, 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)

Initiating The Ten Steps sequentially 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.