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Nancy and Mitch can’t agree on how much gold to pump into the economy.

Pelosi: “The economy is crashing.”

McConnell: “And The People are suffering.”

P: “And dying.”

M: “And we’re running out of time to prevent a severe recession.”

P: “Or more likely a depression.”

M: “Even worse than the Great Depression of 1929.”

P: “But we can’t agree on how much money we should pump into the economy.”

M: “I want to pump in one gold bar. We can’t afford more than one.”

P: “And I want to pump in two gold bars.”

M: “But I want to give at least 1 gold bar to business.”

P: “And I want to give at least 2 gold bars to the people.”

M: “We don’t know what to do.”

P: “So we’ll just keep arguing.

M: “And arguing.”

The People: “Why not pump in 4 gold bars? Then you Mitch, can give more than 1 gold bar to business, and you Nancy can give more than 2 gold bars to The People, and the economy will recover faster, and everyone will be happy.”

P & M (together): “Not everyone.”

The People: “Who won’t be happy?”

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“Infinite but unsustainable”

P & M (together): “The rich. They say we can’t afford to give so much gold to The People. They say giving 4 gold bars would be ‘unsustainable.’ And it would be giving The People too much. They wouldn’t know what to do with all that gold, like we rich folks do.”

P: “And it would be ‘profligate.’ The people probably would just use the gold for food, clothing, housing, and education rather than hiding it in overseas tax shelters, like we do.”

M: “And the Libertarians agree that all government gold is socialism.”

The People: “But, look around you. The government has infinite gold. It never can run short. Why not enrich the economy?”

P:  No, sorry. We’ll have to keep arguing and arguing, to keep The People down.

M: “If ever we do anything, it will be too little and too late.”

P: “And make it look like we really, really are trying.

M & P (together): “And hey, while we argue, you and I still are getting paid. And isn’t that the whole point?”

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“I’m OK. Are you OK?” “Yes, I’m OK.”

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

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THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY