Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
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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I don’t blame Trump.
He is what he is: A bigot, a megalomaniac, a tyrant and the would-be fuehrer of the United States of America. (“Fuehrer” means “leader,” but in Trump’s case “fuehrer” is more appropriate.)
All Hail Der Donald!
By Roger SimonDo not say you were not warned. Der Donald has warned you.
Security is going to rule in America. And unthinkable things will be done. Don’t believe me? Ask him.
“We’re going to have to do things that we never did before. And some people are going to be upset about it, but I think that now everybody is feeling that security is going to rule. … So we’re going to have to do certain things that were frankly unthinkable a year ago.”
On Saturday, a black man began shouting at a Trump speech in Birmingham, Alabama. People shout at Trump speeches all the time. But there are things you are allowed to shout, such as “We love you, Donald!”
And there are certain things you are not allowed to shout, such as “Trump is a racist!”
The black man was kicked and punched. Trump looked down upon him with lofty disdain. “Get him the hell out of here!” Trump said. “Throw him out.” The man was led away.
Trump would protect us from such people as president.
But I don’t blame Trump. He is what he is: A bigot, a megalomaniac, a tyrant and the would-be fuehrer of the United States of America.
I blame the people who support him. I blame the good Republicans who are too cowardly to call him out. I blame the “religious” (irony) right wing.
The price we would pay would be tiny. We would give up a civil liberty here, a freedom there.
Certain people would be registered. Their houses of worship would be spied upon. Names would be taken down.
But as long as these people are not Christians, do you really care? Trump is betting you do not.
We didn’t care when blacks were turned into slaves then hung from trees. We didn’t care when Jews were thrown into ovens and mass graves. We didn’t care when native-born Americans lost their homes, because their grandparents came from Japan or when native Americans were sent to reservations.
We don’t care when unarmed black men are murdered by police.
And now we don’t care again.
“I want surveillance of these people,” Trump has said. “I want surveillance if we have to, and I don’t care. … I want surveillance of certain mosques, OK?”
Martin Niemoller, a Lutheran pastor who first supported and then opposed Adolf Hitler, was imprisoned in concentration camps, but felt he never did enough to speak out against fascism, especially when Hitler still could have been stopped.
Today he might have written:
“First they came for the black people, and I did not speak out — because I was not black.
“Then they came for the Muslims, and I did not speak out — because I was not a Muslim.
“When they come for you and me, who will be left to speak out?”
“Too many people have suffered and too many people have died for us to continue to hear racist words coming from major political leaders,” Bernie Sanders says.
“Turning away orphans, applying a religious test, discriminating against Muslims, slamming the door on every Syrian refugee — that is just not who we are. We are better than that,” Hillary Clinton says.
And what of Trump’s opponents for the Republican nomination? Most grovel and fawn.
They really don’t care that Trump wants to register Muslims, just as long as he doesn’t want to register guns.
I don’t blame Trump. He is what he is: A bigot, a megalomaniac, a tyrant and the would-be fuehrer of the United States of America.
I blame the good people who are only too glad to see other people’s lives destroyed, so long as their own lives are safe — safe temporarily, until he comes for them.
All that is necessary for the triumph of evil is for good men to do nothing.
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
Vertical gray bars mark recessions. Recessions come after the blue line drops below zero and when deficit growth declines.
As the federal deficit growth lines drop, we approach recessions, each of which has been cured only when the growth lines rose.
Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.
#MONETARYSOVEREIGNTY
#Monetary Sovereignty - Mitchell 
Well said, my friend.
Very well said.
bob
Sent from my Sprint phone.
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Thanks Bob,
Go to a Hitler speech, replace “Jews” with “Muslims,” and you have Trump.
Amazingly, some in my family are Trump backers. Yikes!! They have not learned the lessons of the Holocaust.
Be well and have a great winter.
Rodg
PS: It already has begun. Muslims have been refused entry to gun stores in Florida, Kentucky, New York and Oklahoma — and this action has been approved by at least one federal judge (United States District Court Judge Beth Bloom).
The Florida Gun Supply gun store sells what it is said to call: “Jihadist Target Practices.” This is from their web site:
Shoot your own Jihadi for just $5.00 bucks!
Use coupon code “ISLAMSUCKS” to get free shipping!
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The Republican fear mongers speak:
Trump’s plan to solve refugee crisis: ‘In Syria, take a big swatch of land … build a big beautiful safe zone’
Dylan Stableford, Senior editor
Hmmm . . . Build a “big, beautiful safe zone” in the middle of a war zone. Sounds easy, especially if we can get it “for the right price.” What does war zone acreage go for these days? Maybe we can buy it from ISIS.
Uh, Donald, does building the safe zone come before or after we build a 1,500-mile wall between the U.S. and Mexico?
Ben, is that before or after we spend the trillions to build Trump’s big, beautiful safe zone and his Mexico wall?
How long a “pause,” Paul? Until you present a plan? Like, forever??
Paul is welcoming — if you’re Christian, not from the Mideast or from Central or South America, and not gay and not brown. He’s very welcoming.
Right, Jeb. Welcoming. And I thought your brother was the dumb one.
Actually, Ted, it’s not “tens of thousands.” It’s 10,000. Why would you say, “tens of thousands”? Oh yeah, fear mongering requires exaggeration.
And Ted, it’s not “lunacy.” It’s “welcoming,” left wing style.
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“Of course the people don’t want war. But after all, it’s the leaders of the country who determine the policy, and it’s always a simple matter to drag the people along whether it’s a democracy, a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger.” — Herman Goering, Commander-in-chief of the Luftwaffe, at the Nuremberg Trials.
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It’s ironic history repeats this morning in the United Kingdom, when Prime Minister David Cameron urged his Members of Parliament not to “walk through the lobbies with Jeremy Corbyn (Labor Leader) and a bunch of terrorist sympathizers”, in reference to a vote to authorize bombing the Islamic State.
Similarly, President George W. Bush once said, “you are either with us or with the terrorists.”
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The right wing never changes. Not sure exactly who the “terrorist sympathizers” in Parliament are — doubtful there are any — but that doesn’t stop the right from using the term.
“Soft on crime” and “soft on communism” have been past favorite epithets.
My belief: Much of the right is soft on brains.
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Like you, I don’t blame Trump. He is what he is.
But what he is doing is showing up the nasty side of his nation, and every nation has one of them. At the beginning of WW2 nobody in neighbouring countries imagined the depths of the depravity from the Nazis was possible from germans. They thought for a sophisticated nation it would be impossible.
Trump says it isn’t impossible. America is showing deep flaws and I for one would like to believe that it can see that for itself and make moves to address them. The GOP ‘s brand is being trashed [the Dems are not much better]
We wait to see if Trump achieves his ambition and get to do the things he says he should. It’s going to take that scarce ability of foresight to forestall such an outcome. It didn’t happen in Germany and it’s unlikely in the USA. The nation may have to purge itself later after the storm brewing.
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Carly Fiorina’s take on the PP clinic killings:
If that mass-murderer is Carly’s right-wing “messenger,” exactly what is his message? Remember: It was Carly Fiorina who lied about seeing an aborted baby being killed for its organs, and the mass-killer reportedly uttered (No more baby parts.”)
So was Carly’s lying rhetoric partly responsible for the killings. Did she, and her fellow Republicans, tip a sensitive scale in the direction of mass-murder?
THE SOLE PURPOSE OF HATE SPEECH
IS TO CAUSE HATE CRIME.
Probably.
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We often have said that the opinion leaders — the politicians, the economists and the media — are bribed to favor the rich by widening the Gap between the rich and the rest.
The politicians are bribed directly, by campaign contributions.
The economists are bribed via contributions to their universities and “think tanks.”
The media are bribed via ownership.
Here is some evidence regarding the media:
Since media owners tend far more often to be among the rich than among the middle or lower income groups, it should be no surprise that they skew the news to favor their own people.
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RODGER WRITES: “I don’t blame Trump. I blame the good people who are only too glad to see other people’s lives destroyed, so long as their own lives are safe — safe temporarily, until he comes for them.”
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Yes. Here on Rodger’s blog I often take an attitude of, “It isn’t only the rich. Most people in their daily lives contribute to the problem.”
By this I mean that most people at all social levels play the “Gap game,” and they “are only too glad to see other people’s lives destroyed, so long as their own lives are safe.”
Despite this, I still think there are levels of blame. The higher you are on the ladder of wealth, income, and power, the greater is your ability to make changes. Therefore the greater is your blame for the problem, and the greater is your moral obligation to sincerely address it.
Put more simply, it is bad enough when a solitary poor person spews hate speech, but it is far worse when billionaires and politicians do it.
Along these lines, Prof. Robert Reich (former U.S. Labor Secretary) comments on politicians who use inflammatory rhetoric to create a climate of hate and fear. Reich shows how this legitimizes hate crimes, causing them to proliferate.
Brief article. Good points…
http://robertreich.org/post/134235925280
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Do corporate media outlets have a “liberal bias”?
https://monetarysov.wordpress.com/2015/12/02/on-the-medias-liberal-bias/
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THE BANKERS WANT IT ALL
If you are an average Greek, and you have more than 15,000 euros stashed in your mattress, or more than 30,000 euros worth of gems, jewelry, or precious metal in your house, then the “leftist” SYRIZA party in Greece says you must declare it, so that SYRIZA can tax it to pay the bankers. You must fill out an assets declaration form that runs for 56-pages.
Average Greeks must already declare all their vehicles, stocks, bonds, bank accounts, and everything they have in safe deposit boxes in Greece and worldwide. They must provide the name of their bank and its branch, even if it is abroad.
Welcome to the wonderful world of the euro.
http://www.enikonomia.gr/economy/41959,Metrhta-kosmhmata-kai-polytimoi-li8oi-sto-neo-po8en-esxes.html
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