Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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As a nation of immigrants, we all are part of some minority.

We come from dozens of nations. We carried with us our national customs. And all of us has, at various times, been the victim of bigotry.

If we are Protestant, we may be Adventist, Anglican, Baptist, Calvinist, Lutheran, Methodist or Pentecostal, and within all denominations there are further divisions. And all of us has, at various times, been the victim of bigotry.

Or we may be Jewish, Muslim, Catholic, Buddhist, or belong to one of the dozens of other religions. And all of us has, at various times, been the victim of bigotry.

We come in a variety of sizes, shapes, skin colors, facial features and sexual orientations. And all of us has, at various times, been the victim of bigotry.

So we remember — those of us who are decent Americans — we remember the unfairness of being judged on the basis of some generality about one of the groups to which we belong.

We empathize with the pain, and in our decency we do not wish others to suffer that pain.

Sadly, not all of us are decent Americans. There are some who, for whatever psychological reasons, feel the need to make others suffer. Perhaps it is their way to hide their own weaknesses. Or it maybe their way to gain power by catering to the bigots among us.

80 Big-Name Business Leaders Just Took A Stand Against North Carolina’s Anti-LGBT Law
They say the bill is bad for economic development.

The fight against North Carolina’s new anti-LGBT law gained some high-profile support on Tuesday, when more than 80 prominent business leaders signed a letter calling for a full repeal.

“Discrimination is wrong, and we believe it has no place in North Carolina or anywhere in our country,” reads the letter to North Carolina Gov. Pat McCrory (Republican), released by LGBT civil rights groups Human Rights Campaign and Equality NC.

“As companies that pride ourselves on being inclusive and welcoming to all, we strongly urge you and the leadership of North Carolina’s legislature to repeal this law in the upcoming legislative session.”

The legislation, which McCrory signed into law last week, prevents local governments from creating their own rules and ordinances to protect LGBT rights.

The governor on Monday dismissed backlash against the legislation as “well-coordinated and more political theater than reality.”

Pressure from corporations has worked before in other states, and the letter made the same arguments that discrimination is bad for business.

For historical reasons, the American South has been particularly and deeply involved in racial bigotry. But for the Republican party, racial bigotry primarily dates back to President Nixon’s “Southern Strategy.”

There is, I suspect, something that could be called, “the bigoted mind,” in that if a person is strongly bigoted against one group, that person is more likely to succumb to the bigotry disease against other groups.

And so it is that Republican governors may believe their Southern states will expand their historical bigotry against blacks to include other colors, certain religions and gays.

The letters from leading corporations probably will work, but for the wrong reason. I predict the law will be overturned because of money and not because of morality.

Governor McCrory will cave because money talks, but he and his followers will remain bigots. He undoubtedly will continue his efforts to punish innocent people.

He will try to disenfranchise minority voters, have his police exert excessive pressure on minorities, deny services to minority residents, and overall, exact his vengeance against those who have less power.

As is typical of bullies, he will not have the courage to state his bigotry, but will try to cloak it in a cloud of high-minded sounding justifications. He will “wink-wink” to his fans, as he “explains” his unfair actions.

This now is the Donald Trump method, and he has led the Republicans in that direction.

But, bigotry was not always the Republican way. Consider the irony of Abraham Lincoln having been a Republican.

At Nixon, the GOP came to a fork in the road, where they could have taken the moral path, but decided the Realpolitik bigot path was the route to election success.

This year, as we were in the time of Lincoln, we will be tested as a nation.

Will we demonstrate kindness and mercy for those less fortunate, or will we turn our backs on what has made America great: Our fundamental American decency?

Will we lift up, or will we kick down those whom fate already has oppressed?

Will we be the compassionate generation or will we be the mean generation? How will history remember us?

Do we even care?

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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
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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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

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.

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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..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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..

MONETARY SOVEREIGNTY