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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 the rest..
•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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Every time America suffers yet another multiple shooting (there have been an average of one a day this year) four claims are sure to be made:

Claims:

1. We need more (or fewer) laws vetting gun ownership

2. If the victims had been carrying guns, they would have been able to prevent the multiple shooting.

3. If gun ownership were restricted, then only “bad guys” would have guns and the “good guys” would be helpless to defend themselves.

4. The mere knowledge that “good guys” have guns prevents “bad guys” from committing mass shootings.

All four claims are deficient in that they misdirect us from the real problem.

How do I know?

Australia enacted one of the largest gun reforms ever nearly 2 decades ago — and gun deaths plummeted
Christina Sterbenz, Oct. 11, 2015

A push for tighter gun laws in the US has once again taken center stage in the wake of a 26-year-old man opening fire on Umpqua Community College in Roseburg, Oregon, and killing 10 people. The suspected shooter, Chris Mercer, carried with him three pistols, a rifle, and five extra magazines — all legally obtained.

Forced to react to yet another mass shooting, President Barack Obama reiterated points he’s made before: That the US is the “only advanced country in the world that sees these mass shootings every few months” and “this type of mass violence does not happen in other developed countries.”

By strange “coincidence,” the U.S. has more guns per capita than any other nation on earth — nearly double the next highest country, Serbia.

We are the only nation on earth with more guns than people.

America’s #1 gun myth is: Widespread gun ownership reduces gun killings and makes American’s safer.

In 1996, a man named Martin Bryant became the worst killer in Australia’s history. After walking into a cafe in Port Arthur, Tasmania, he killed 35 people and wounded 23 others with a semiautomatic rifle and another semiautomatic assault weapon.

As a result, Australia enacted one of the largest gun reforms in recent history — and gun deaths plummeted. The changes remain the gold standard for advocates of gun control today.

Note the difference? In America, whenever we have a mass shooting, the the gun manufacturersand their paid stooge, the NRA, call for more guns. Australia did the opposite.

Australia gives its national government only limited powers. So Prime Minister John Howard challenged the country’s various states to support nationwide reform while the national government banned the import of specific weapons.

For a while, some states seemed unwilling to pass the reform.

Just as would happen in America.

Howard, however, made clear his government would counter with a referendum to alter Australia’s Constitution and give itself the power to regulate guns.

“The fundamental problem was the ready availability of high-powered weapons, which enabled people to convert their murderous impulses into mass killing.

Certainly, shortcomings in treating mental illness and the harmful influence of violent video games and movies may have played a role. But nothing trumps easy access to a gun.”

These reforms passed, creating the National Firearms Agreement. Aside from banning certain semiautomatic and self-loading rifles and shotguns, the legislation required all firearm-license applicants to show “genuine reason” for owning a gun, which couldn’t include self-defense.

Aside from the NFA, Australia still had to remove the guns then on its streets and instituted a mandatory, federally financed gun-buyback program. Australia’s government purchased nearly 700,000 guns. Percentage-wise, that’s the equivalent of 40 million in the US.

Actually, America would have to buy back more than 40 million guns. Australia currently has 22 guns per 100 people. The U.S. has an astounding 113 guns per 100 people, a difference of 91 guns for every 100 people.

To get down to Australia’s level, the U.S government would have to buy back about 300 million guns. That is how swamped with guns America is.

Researchers from two different Australian universities found that, in the decade after the NFA was introduced, the firearm homicide rate fell by 59% and the firearm suicide rate fell by 65% — without increases in other types of deaths.

”Our gun buyback took about a fifth of our guns out of circulation but it approximately halved the number of gun-owning households,” said Andrew Leigh, the author of an academic study on Australia’s gun reform. “If the US could dramatically decrease the number of households with guns, it would have many fewer deaths.”

Among the reasons stands the shining fact that Australia hasn’t experienced a massacre similar to Port Arthur since. Many studies do show a drop outside expected trends in gun deaths as well. And of those that have found the opposite, many have been discredited.

Research shows a strong correlation between the amount of guns and the amount of gun homicides — on a national, state, and personal level.

While one logically may expect that reducing the number of guns reduces the number of gun killings, logic sorely has been missing in the U.S. gun debate. For too many Americans, the love of guns and the fear of others who have guns, is like a religious experience that transcends all logic.

Howard acknowledge Australia’s difference from the US: A more urban society, nothing similar to the US Second Amendment, and no organization like the National Rifle Association.

The National Rifle Association is well paid by the gun manufacturers to “take the heat” for gun deaths. The arms industry can hide behind the NRA, and not be sued or even criticized for the killings. (Have you recently heard any criticism of Colt, Glock, Beretta, Smith & Wesson et al? They are among the biggest manufacturers of guns. The NRA is given tons of money to absorb all the criticism.)

In the US, President Obama is well aware of Australia’s massive effort — and the subsequent decline in violence. “When Australia had a mass killing … it was just so shocking the entire country said, ‘Well, we’re going to completely change our gun laws,’ and they did. And it hasn’t happened since.”

Donald Trump and the rest of the Republican Party has misdirected our fears toward terrorism, while saying nothing — absolutely nothing — about the dangers of guns. It like the misdirection of a magician, who makes you focus on one thing, while fooling you about the real thing.

In fact, the odds of being killed by a terrorist are much, much lower than the odds of your winning Spain’s Sorteo Extraordinario de Navidad (Spanish Christmas Lottery), the world’s largest lottery — whether you enter or not.

Here are the figures for 2004 through 2014: U.S. terrorism deaths: 295. U.S. gun deaths: 127,562.

Bottom line:

1. Australia has proved that fewer guns results in fewer gun killings. Guns in the general population do not make us safer.
2. A policy based on “good guys having guns protects us” is a myth, promulgated by the arms industry to sell guns and increase profits.
3. There is no logical reason why the U.S. doesn’t follow Australia’s lead in reducing gun deaths.

Rather than spending your money to buy a gun, while allowing everyone else to own a gun, you should spend the same money to buy a ticket in the Sorteo Extraordinario de Navidad. Your odds of living a long, happy, healthy life would be better.

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

Recessions come only 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