Twitter: @rodgermitchell; Search #monetarysovereignty
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I’m sorry, but this is too good to have buried in the comment section of the post titled, “How to destroy your excess dollars.” It deserves a post all its own.

You surely remember how Donald Trump, before he was President-elect, swore he never would bribe companies to keep their factories in the U.S. No, these companies couldn’t blackmail him. He’s too tough for that.

Instead, he boasted he would impose a 35% tax on any goods these traitorous factories tried to ship back into the U.S. from their foreign factories.

This was Donald Trump at his roughest and toughest. This was on the level of the wall he repeatedly swore would build.

This was part of his being “the greatest jobs President God ever created,” (which may be the only time Trump ever has had the chutzpah to mention God).

And when rugged, steely Trump said again, and again, and again, he would impose that 35% tax on Carrier air conditioners, Trump’s suckers er, ah, followers, screamed in delight at the promise that they soon would pay more for air conditioners.

Well, like virtually all of Trump’s promises, down through the years, this one has been broken already, and he hasn’t even begun his administration.

Here is that comment that is too good to bury in the comments section:

CONGRATULATIONS TO THE TAXPAYERS OF INDIANA. You just paid Carrier $700,000 to keep some of those Carrier jobs in Indiana. The sole purpose: To make Donald Trump look like a great negotiator.

By the way, it wasn’t even Trump who did it. He doesn’t have the power. Trump repeatedly criticized states that bribed companies not to leave.

No, Trump told your governor, Mike Pence to pull that little trick — you know, the same Mike Pence who didn’t yet resign as governor, just so he could retain the power to screw the taxpayers of Indiana.

This is going to be a wonderful four years of treachery (“It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.”)

But as I repeatedly have been told, “Hillary would do the same.”

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Oops, sorry. Did I say you taxpayers will spend $700,000 to demonstrate Trump’s great negotiating skills?

Carrier would receive a $7 million package of incentives to keep its factory here from moving to Mexico, the company said Thursday, under a deal negotiated with the state after an unusual intervention by President-elect Donald Trump that could reshape the relationship between the White House and private enterprise.

Carrier said the package would extend over several years and was contingent on employment, job retention, and capital investment. It previously said it planned to keep about 1,000 of the factory’s workers in the state, though the company is moving forward with plans to shift production to Mexico from another Indiana facility that employs about 700 people.

Spending $7 million of Indiana taxpayer dollars to lose 700 people their Indiana jobs seems like great negotiating — by Carrier.

Trump, the great negotiator, gave away the farm.  So, I keep thinking to myself, “What exactly did you folks vote for?”

These days, after winning the election, he still is campaigning, because that is pretty much what he know how to do, and you people still are screaming “Lock ‘er up,” though he already has said he won’t do that.

And you’re still screaming for a wall that Mexico will pay for, though you know Trump won’t do that, either.

And he’s hiring the generals he derided as “embarrassing” to America and “reduced to rubble.”

And he’s hiring the “moneyed elites” from Goldman Sachs, the very people he swore he wouldn’t employ.

And his job-saving technique is the same one he criticized and you screamed about: Caving in to the big corporations and forcing state taxpayers to foot the bill.

His entire business history is to break his promises to low-paid workers and to creditors, and now he’s doing it to you.

So tell me, what exactly did you vote for?

And why are you still screaming?

Rodger Malcolm Mitchell
Monetary Sovereignty

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THE 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.

•Progressives 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 the rich and the rest.

•Austerity is the government’s method for widening the Gap between the rich and the rest.

•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