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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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Does this scenario sound familiar?:

(Innocent) Texas mother Kametra Barbour was pulled over and arrested at gunpoint in front of her children after police mistook her for a suspect on the loose.

“What is going on? Oh my God, you will terrify my children,” Barbour says.

Police Detective Michael Clay later told WFAA that the officer’s actions were justified given “the nature of the call — that a weapon was involved.”

It occurs to me that the police in America must be especially jumpy about contacts with any citizen, because that citizen might very well be carrying a gun. More and more are.

With so many people carrying loaded guns, even an innocent traffic stop or neighborhood call can devolve into a life or death confrontation.

Many years ago, when I was young, if you were pulled over by a police officer, he didn’t feel he had to approach your car cautiously, with his hand on his weapon, and demand that you exit the car with your hands clearly in view and raised.

He didn’t feel he had to tell you to walk backward toward him. He didn’t feel he had to cuff you for his own safety. He wasn’t so tense, that your slightest move, he might interpret to being threatening, could set him off shooting.

Police in America today, are faced with more and more armed citizens, who might or might not be angry, drunk or otherwise aggressive — or merely carrying a cell phone or a wallet that looks like a gun.

If you’re a police officer, you have no idea whether or not that guy you pulled over might just decide he doesn’t like police. Or thinks you are threatening him. Or is high on something.

And start shooting.

Police are human. They have human fears. They have families they love. Some are calm; some are excitable. Some are kind, and some are mean. They have the same foibles we all have.

So, rather than take a chance, the safest thing an officer can do, when in doubt, is to shoot first. That way he knows he will go home to his family rather than be covered with a sheet.

Yes, NRA and all you gun lovers, you think guns make you safer, but one thing you haven’t thought out. What happens when everyone is carrying a loaded gun — and the police know it.

Be ready to read about more and more killings by police.

I don’t have data on this, but I suspect that shootings of innocents by police in Japan and England, where gun ownership is low, are much less frequent than in the U.S., which has the highest gun ownership in the world.

In America, if you see that blue flashing light in your rear view mirror, be afraid. Be very afraid.

The police are.

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