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•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..
Is your favorite candidate a psychopath? Here’s how to tell.
Fifteen Things You Probably Do Not Know about Psychopaths
By James G. Long
Psychopaths are quite rational. Psychopaths’ minds work no better and no worse than yours, except that psychopaths have a big void where most people have a conscience and moral values.
In national and international relations, psychopaths create and exploit divisions based on ethnic, religious, national, or class differences.
On first being exposed to a psychopath, a person may be quite favorably impressed.
Not only are psychopaths without human feelings, but they are, deep down, contemptuous of all with whom they deal: superiors, subordinates, supporters, opponents, associates, and family alike.
Psychopaths genuinely think that they are better and smarter than everyone else
Corporate psychopaths typically collect and ostentatiously display degrees, certifications, and awards as proof of their abilities while committing their often subtle frauds.
Corporate psychopaths are often credited with being creative even as their organizations suffer massive personnel turnover and financial loss.
Psychopaths cultivate a reputation for toughness.
In short, psychopathy has various symptoms, not all of which are exhibited in any one person. A psychopath can:
1. Lack empathy (a key symptom). Believe empathy is a weakness. Deride those who help others.
2. Lack remorse, shame, conscience or guilt. Refuse to accept blame or to apologize (another key symptom).
3. Hate authority (the government, laws, rules).
4. Bully. Use cruelty to gain and exercise power.
5. Cheat. Exploit those perceived as weak or trusting. Manipulative, “con artist.”
6. Be ruthless, merciless. Act and talk tough.
7. Be excessively self-confident and socially assertive
8. Be narcissistic, braggadocious. Have a grandiose sense of self-worth and strong feelings of superiority (often combined with a charming, persuasive personality)
9. Be irrationally fearless
10. Lack self control. Demand immediate gratification.
List the above traits you believe apply to each leading Presidential candidate.
Conservatives exhibit less empathy for those less fortunate. So their candidates, to appease the “base,” adopt a tendency toward psychopathy.
But within the group, some have a greater tendency than others.
My personal choices for leading the psychopath list are Chris Christie, Ted Cruz, Donald Trump and Scott Walker, with Donald Trump the clear winner.
(Anyone whose TV show’s punch line is “You’re fired,” and who talks as tough and brags as much as Trump does, while his corporations repeatedly file for bankruptcy, is a psychopath. I would assign him 9 of the 10 symptoms.)
What are your choices?
Rodger Malcolm Mitchell
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
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.
THE RECESSION CLOCK
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.