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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.
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Who are the American heroes? Let us begin with, “What is a hero?”

We could be heroes (NewScientist Magazine)

“I did it without thinking,” people often say after saving a stranger’s life. The truth is, heroism develops over a lifetime – and it’s never too late to learn

It took Michael McNally about 10 seconds from hearing the crash to run from his house in the Cape Cod village of Marstons Mills to the road outside. When he got there, the car was already burning. Things were exploding in the engine compartment. He looked inside and saw a young woman in the passenger seat.

McNally reached in through the passenger window and tried to pull her out. He lost his grip, so he repositioned himself through the back seat window and pulled her through by her ankles. “The poor girl was on fire,” he says. “Her skin was coming off. It was a horrible thing to see.”

She was severely burned, but survived.

A hero is a person who appears to act against his own best interests, to help another person.

If you want to know why anyone would risk their life to save a stranger, the last person you should ask are the heroes themselves. Whether running to a burning car or sheltering someone from secret police, usually the protagonists cannot explain why they acted the way they did. “I don’t know why I did it,” says McNally. “I only know that I did. I just had to act.”

Acting as a hero would seem to be illogical, but every day people do it. Hero’s are not only police officers, fire fighters, soldiers and spies, but regular, everyday “guy-next-door” types.

It’s a familiar story to Walter Rutkowski, president of the Carnegie Hero Fund Commission, which awards medals to American and Canadian civilians who risk their lives to save others – McNally was given one last year.

(Consider) Samuel Oliner. When he was 12, the Nazis ordered his family to move from their home to a Jewish ghetto. Two months later, Nazi soldiers entered the ghetto and ordered everyone into the street.

Oliner’s stepmother, sensing what was about to happen, pleaded with him to run. So he hid on the roof while the soldiers herded his family and their neighbours into trucks, drove them into a nearby forest, and killed them.

Oliner eventually left his hiding, and after three nights sleeping rough he knocked on the door of a Catholic woman, Balwina Piecuch. At great risk to herself and her family, she took him in, helped him create a false identity and hid him from the Gestapo.

Balwina Piecuch is not someone you might point to as a hero. She didn’t wake up one morning and announce, “Today, I will be a hero.” She is, what we might call, “an ordinary person.”

But when faced with the decision to save her own life, or risk her life to save another, she chose heroism.

And this was not a “sudden-impulse, regret-it-later” kind of heroism. She, like so many non-Jews during WWII, was heroic, day after day after day.

Of course, there were the cowards, too, who threw the Jews to the Nazi wolves, and justified their cowardice with logic.

“I have to protect my own family, first.” “The Jews were breaking the law by running away.” “They’re bad people; our country is better off without them.”

Not all heroes deal with life or death situations. You can be a hero by protecting a stranger from a bully.

You can be a hero, if you accept blame, when someone else might wrongly be blamed.

You can be a hero, if you’re poor, yet you drop a dollar into the Salvation Army Christmas box.

You can be a hero when you’re dead tired, after a long day’s work, but you surrender your bus seat to an elderly person.

Few of us want to be heroes. Few of us want to accept blame, or to give a scarce dollar to charity, or to stand on aching legs.

Why would anyone choose to help somebody not related to them, with no promise of reward?

To try to answer this question, Oliner and his wife Pearl set up the Altruistic Personality and Prosocial Behavior Institute at Humboldt State University in 1982.

In one of their first studies, still the largest of its kind, they interviewed and psychologically assessed 406 people who had risked their lives to rescue Jews in Nazi-occupied Europe, along with 72 people who had lived in occupied areas but had done nothing out of the ordinary.

A number of things became clear. The rescuers were much more empathic than the non-rescuers, and they also espoused values of fairness, compassion and personal responsibility towards strangers that they said they had learned from their parents.

What’s more, they were unusually tolerant: the people they identified as their “in group” consisted of the whole of humanity, not just their own kind.

As Kristen Monroe at the University of California, Irvine, who has studied the psychology of Holocaust rescuers, puts it: “Where the rest of us see a stranger, an altruist sees a fellow human being.”

Being a hero doesn’t even require your potential self-sacrifice. You can be a hero simply by demonstrating empathy, fairness, tolerance, compassion and personal responsibility towards strangers.

Are you a hero? Do you have those qualities?

Obama’s Executive Action Will Protect 5 Million Undocumented Immigrants

President Barack Obama announced his executive action on immigration, which will keep nearly 5 million undocumented residents from being deported.

Even though the sweeping measure has elicited threats of retaliation from congressional Republicans, Obama said he moved forward because comprehensive immigration reform is unlikely to go anywhere in the GOP-dominated Congress next year.

A year and a half ago, a bipartisan immigration bill passed in the Senate but died in the House.

The bill likely had enough Republican and Democratic votes to pass in the House, but Speaker John Boehner, catering to his tea partiers, refused to bring the measure to the floor.

If signed into law, the legislation would have provided legal status to about 11 million undocumented immigrants.

Who is the hero? President Obama or John Boehner? Who demonstrates “empathy, fairness, tolerance, compassion and personal responsibility towards strangers” — the Tea Party conservatives or the Democrat liberals?

What describes you, best? Do you have strong values of fairness, compassion and personal responsibility towards strangers?

Here are some of the people whose lives depend on heroes:

–Undocumented parents of children who are US citizens or permanent residents

DREAMers: Young people who were brought into the country illegally as children could apply for employment visas, though there is no direct path for them to lawful permanent residence or citizenship. To the dismay of immigration activists, the executive action does not extend benefits to the hundreds of thousands of parents of DREAMers.

Families: Often US citizens and legal permanent residents are separated for long stretches of time from family members who are awaiting legal permanent resident status. The executive action would expand a waiver program that will reduce the time these families spend apart.

Noncriminal undocumented immigrants: Obama’s executive action shifts all of the Department of Homeland Security’s enforcement resources toward deporting undocumented immigrants who are criminals—instead of deporting undocumented immigrants who pose no such threat.

–Obama’s order will allow highly skilled workers to move and change jobs more easily.

Immigrants with pending cases: The Justice Department will implement immigration court reforms to quickly process the massive backlog of cases.

Immigrant victims of crime: The Department of Labor would expand the number of visas available for victims of crimes and human trafficking.

Though America was built by immigrants, and wisely accepted immigrants, there always have been immigrant haters. My own parents were subject to pejoratives like “greenies, wetbacks, pommies as well as ethnic slurs.

And the logical justifications have remained the same, throughout history: “They’ll take my job.” “They are criminals.” “They are dirty.” “They have too many kids.” “Why should my taxes support them?” “They will cost me money.”

Never mind that none of these “logical justifications” are true. It’s enough that they provide the haters with a defense against self-loathing.

Eleven million people could have been rescued. The Tea Party said, “No.” Now, five million can be rescued. The conservatives still say, “No.”

Why? They don’t have it “in them” to be heroes.

What is that thing they don’t have? According to the NewScientist article:

Further research indicates that people who cooperate in one game tend to cooperate in all, and also help out for real when offered a chance to do so, even when there is nothing in it for them.

“The basic motivators that make you want to help people apply across a lot of different domains.”

A series of recent studies suggest that altruistic behaviour is seeded in young children’s early social interactions with adults.

There also appears to be a biological component. Neuroscientists found that people who had volunteered to donate a kidney to a stranger had larger and more responsive right amygdalae than normal.

All this points to what Samuel Oliner calls an “altruistic personality” – a set of stable, lifelong traits that consistently orientate some people towards altruistic behaviour.

If someone is accustomed to acting altruistically on a daily basis, they are more likely to do so when the risks are high, because this is their default behaviour.

The quoted articles are too long for this blog; I’ll end here, but I urge you to read them.

We are left with the questions: Who are America’s heroes? Are you one? Will you give your vote to a hero?

Rodger Malcolm Mitchell
Monetary Sovereignty

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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.
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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