Twitter: @rodgermitchell; Search #monetarysovereignty
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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.
•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..

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It’s just a question of comparative risk.

How much money would you take to risk your children’s lives? How much would someone have to pay you for you to let your kids run across a busy, high-speed highway, or to take illegal drugs or to swim during a lighting storm?

After all, there is no proof they would be hit by a speeding truck, no evidence that everyone is harmed by drugs, and statistically, the odds are against being hit by lightning.

It’s just a question of risk. So, how much money would you take to put your children at risk?

That is the question the conservatives ask you.

About zero reputable climatologists deny that human activity is causing the earth’s climates to warm, and that this warming will have adverse effects on our lives.

According to the vast majority of climatologists, the science that supports global warming is settled, with the only questions being: How bad will it get and how soon? The answer to both questions is: It has begun, and it will get very bad, unless we do something about it, now.

Most politicians are dishonest. We put up with their dishonesty, because honest people won’t run for office, or if they do, they then become dishonest.

But intentionally destroying future life on our planet, so you can remain in office, falls way below mere dishonesty. It is dishonesty flavored with a dollop of stupidity and a dash of criminal intent.

Here are some of the dishonest and stupid with criminal intent:

Donald Trump: “This very expensive GLOBAL WARMING bullshit has got to stop. Our planet is freezing, record low temps,and our GW scientists are stuck in ice.”

“Scientist” Trump has determined the real scientists are wrong, and there is no risk to your children and grandchildren. Is that good enough for you?

Ben Carson: The climate change debate is “irrelevant.” Temperature change is cyclical. “There’s always going to be either cooling or warming going on.”

“Climatologist” Carson isn’t worried about your children and grandchildren. Their safety is “irrelevant.” Do you trust him on that?

Marco Rubio:We’re not going to make America a harder place to create jobs in order to pursue policies that will do absolutely nothing, nothing to change our climate. America is a lot of things, the greatest country in the world, absolutely. But America is not a planet.”

Climate “expert” Rubio believes there is nothing we can do to save our children’s lives, and anyway, it’s too expensive to try. Do you agree?

Ted Cruz: “If you look at satellite data for the last 18 years, there’s been zero recorded warming. The satellite says it ain’t happening. I’m saying that data and facts don’t support it.”

Well, that settles it. “Meteorologist,” Ted Cruz says the scientists are wrong; there is no danger. Do you feel safe with him determining the fate of your children and grandchildren?

Carly Fiorina: “Every one of the scientists that tell us that climate change is real and being caused by man-made activity also tells us that a single nation acting alone can make no difference at all.”

Blase Fiorina says there is no reason even to try to protect your children’s futures. Kids will run in the streets, smoke cigarettes or swim at dangerous times, and there’s nothing you can do to stop them. So why try? Don’t you agree?

Jeb Bush: “The climate is changing but I don’t think the science is clear on what percentage is man-made and…what percentage is natural. It’s convoluted. And for the people to say the science is decided on this is just really arrogant.”

Yes Jeb, when kids run into the street, it isn’t clear what percentage of the deaths are the kids’ fault and what percentage are the drivers’ fault. It’s really arrogant to prevent kids from running into the street.

Mike Huckabee:Now we’re told that we’re all burning up. Science is not as settled on that as it is on some things.”

Rand Paul: “The earth goes through periods of time when the climate changes, but (I’m) not sure anybody exactly knows why. “

You see, it’s like this. Given the bare possibility that 97% of climatologists are wrong when they say the world will suffer because of global warming, we conservatives recommend you ignore their warnings and endanger your children and grandchildren, rather than taking precautions.

After all, safety for your kids costs money, and our wealthy donors don’t like it.

The rejection of science and the lack of concern about your children’s future seems to be in proportion to how conservative one is. The more conservative, the less concerned about your children.

monetary sovereignty

66% of ALL REGISTERED VOTERS understand global warming is happening, but only 44% of Republicans think so.

A majority of liberal and moderate Republicans understand climate change is happening, but only 29% of Tea Party conservatives agree.

Politicians deny climate change because they are paid to deny. But, why would voters intentionally elect a candidate who will risk their grandchildren’s lives just to garner votes?

If the climate-change deniers are right, all we risk is reducing CO2 at an unnecessary financial cost.

But, if the deniers are wrong, we risk not reducing CO2 at the unnecessary cost of our children’s and grandchildren’s lives.

Which risk are you more willing to accept? What are your kids’ futures worth to you?

Bottom line: Either these conservative politicians care more about money than about your children and grandchildren, or they are just plain addled.

Either way, why would you support them?

Rodger Malcolm Mitchell
Monetary Sovereignty

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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 Click here
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.
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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

Recessions come after the blue line drops below zero.

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