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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.
●The single most important problem in economics is
the gap between rich and poor.
●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 between the rich and the rest..


To the NRA, and gun lovers in general, the solution to gun violence is more guns:

NRA Board Member Blames Charleston Shooting Deaths on Victim
Brendan O’Connor

National Rifle Association board member Charles Cotton blamed Clementa Pinckney, a state senator and pastor at Emanuel African Methodist Episcopal Church, for his own death and for the death of his parishioners, Thinkprogress reports in Charleston this week.

“Eight of his church members who might be alive if he had expressly allowed members to carry handguns in church are dead. Innocent people died because of his position on a political issue.”

National Rifle Association Executive Vice President Wayne LaPierre famously said, “The only way to stop a bad guy with a gun is with a good guy with a gun.”

The problem is, who are the “good guys”?

Charles Cotton seems to believe that every single member of the congregation of Emanuel African Methodist Episcopal Church not only is a “good guy,” but will remain a “good guy” in the future.

He wants them all to be armed.

In fact, the NRA believes everyone is a good guy, and always will remain a “good guy.” It strenuously fights against any gun control laws that might identify “bad” guys.

The NRA invariably claims all gun control laws are part of a government plot “to take our guns away.”

So what is a “good guy,” anyway?

Is a “good guy” someone who never will lose his temper, so never will use his gun in a sudden fit of anger?

Is a “good guy” someone who never will have road rage, someone who never will have a fight with his wife or his neighbor, someone who never will threaten anyone?

Is a “good guy” someone who never will become a criminal?

Is a “good guy” someone who never will get mean drunk? Someone who never will celebrate by shooting his gun? Someone who always will keep his loaded guns out of the hands of children or bad guys?

So the question remains: How do you identify the “good guys,” especially if you aren’t allowed to review the past, nor able to predict the future?

Perhaps the NRA has an undisclosed formula for this, and if so, they might be able to help us with international arms control, specifically nuclear control.

By the NRA formula for peace, the best way to maintain world safety is for every nation to have atomic bombs. Using NRA standards, we should not attempt to prevent, for instance, Iran from getting the Bomb. And letting Hamas and every tiny nation in Africa obtain an atomic bomb would be a good idea.

Nor should we enter into treaties with Russia to reduce the number of ballistic missiles. The more atomic bombs, and the more missiles to fire them, and the more nations that have atomic bombs, the safer we all are.

Who could doubt that? Certainly not the NRA.

We cannot know the future. There could be some small nations, that in the future, “elect” a crazy leader, who decides to bomb his neighbors or us.

It’s unpredictable — just as unpredictable as which of our friends, neighbors and strangers could decide to shoot us.

But, what does it matter how we get killed — by bomb or gun?

The only solution to a bad country with an atomic bomb is a good country with an atomic bomb — and since we can’t know the future, every nation should have atomic bombs and the intercontinental missiles to fire them. (What good are bullets without guns?)

Thank you NRA and gun lovers everywhere, for solving that problem.

PS: Here again are two proposed laws that might reduce gun violence somewhat, while not taking anyone’s gun away:

1. Any person who commits a felony while carrying a gun, shall be sentenced to a prison term of 20 years to life, in addition to the term for the felony itself.

2. Any provider of a gun that is used in a felony shall have the same criminal and civil liability as the actual perpetrator of the felony.

Yes, #2 requires that any provider of a gun be able to identify “good guys” and to predict the future, but the NRA assures us they know how to do that.

All violence problems — domestic and international — solved by the NRA.

Rodger Malcolm Mitchell
Monetary Sovereignty

The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded free 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 (the “.1%”) more, with higher, progressive tax rates on all their 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.


Long term view:
Monetary Sovereignty

Recent view:
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.