Here is an election aid you should see.

In the unlikely event you have not already made up your mind about the coming election, the following video should help you decide.
Rodger Malcolm Mitchell Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell; MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell; https://www.academia.edu/

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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.

MONETARY SOVEREIGNTY

The REAL solution to crime

Way back in April 2022, we published, “The crime rate is way up. What is the best way to prevent crime in America?” Here are some excerpts from that post, which continues to be relevant:

Every politician wants to be known as “tough on crime.” No one wants to be seen as “soft on crime.”

The Republicans especially like to rage at crime, especially when the criminals are immigrants, poor, black and not Christian — not so much when the criminals are white, Christian, and Republican.

We’ll interrupt here to explain that for the typical American voter, “crime” means “violent street crime.
Central Park Five: Crime, Coverage & Settlement | HISTORY
The “Central Park 5” are the faces Americans see in their imagination when demanding politicians be “tough on crime.” These young boys were convicted, though innocent, and only later, exonerated. 
It does not seem to include white-color crime of the sort Donald Trump has been accused, convicted, and even paid fines for. Daft-dodging, Trump U., Trump Foundation, tax cheating, assaulting women, and all the assorted low-life cons and lies that don’t involve extreme physical violence or the threat thereof are not included in the “crime” we should be “tough” on. The average American visualizes “crime” as something that involves a black or brown teenage boy pointing a gun. Being “tough on crime.” means locking up said teenager for long stretches of his life.

You don’t hear the same Fox News outrage when it comes to Trumpers Rep. Matt Gaetz, Rudy Giuliani, Sidney Powell, Steve Bannon, and all the other traitors who defended and/or attempted what previously was unthinkable in America –a coup — so inconceivable, that many people still refuse to believe the crime they have seen actually occurred.

We also don’t hear much from Republicans regarding gun control while guns are used in thousands of crimes, annually,

Even a respected judge is not immune to “soft-on-crime” criticism. Here are excerpts from a Fox News article written by none other than Sen. Josh Hawley, who, as a coup encourager and thus a traitor to the U.S., is not the best one to complain about criminals.

Supreme Court nominee Judge Jackson’s soft-on-crime sentences are disturbing By Josh Hawley

“While serving on the Sentencing Commission, she (Judge Jackson) supported eliminating the existing child pornography mandatory-minimum sentence.)

(She opposes all mandatory minimums as being blind to circumstances and substituting generalizations for specifics.)

“Those views carried over to Judge Jackson’s time on the bench. Over and over again, she handed down sentences well below the congressionally endorsed Sentencing Guidelines recommendations.)

(Not to mention the many times all judges do that — it’s the purpose of using human judges rather than robots — and she often handed down sentences above those guidelines, but why quibble about facts when you are a typical mean-spirited Trumper writing for Fox News?)

“Unfortunately, Jackson is not the first judge to do that.”

Right, judges normally impose a range of punishments.

“But she stands out because she also consistently sentenced child pornography offenders below even what liberal prosecutors in Washington, D.C., were seeking.”

(It wasn’t consistent, and prosecutors always ask for the maximum. In most cases, judges look at circumstances and don’t grant the maximum the prosecutors seek. All of Hawley’s shrieking is about normal judicial procedure. The notion that Judge Jackson encouraged child pornography stretches credulity.)

Hawley knows all this, but he is a renowned liar who writes for Fox,, a proven-to-be-lying network. They are Trumpers, and we expect nothing less from them.

But even the most softhearted, squishy Democrats have no idea what “tough on crime” really means:

The Washington Post The 5-Minute Fix By Amber Phillips with Caroline Anders

Crime is looking like it’s going to be a big issue in November’s midterm elections — and that has Democrats on the defensive.

“We must invest in our police departments, said Rep. Val Demings (D-Fla.), a former police chief who is running for Senate in Florida.

Ask virtually anyone, winged right or left, about being “tough on crime,” and you will hear such suggestions as:

    • More police
    • More money spent on policing
    • More laws
    • Tougher judges
    • Longer jail sentences
    • Harsher jail conditions

Everything has to do with increasing the punishment for committing crimes and nothing for reducing the cause of crimes.

Republicans especially are interested in punishment, especially of the aforementioned poor immigrant, brown, non-Christian, blacks:

It (crime) has been fed and fueled in multiple ways by the Democratic Party’s far-left turn,” Senate Minority Leader Mitch McConnell (R-Ky.) has said of the country’s recent crime wave.

Strange, how Mitch suddenly seems unconcerned about a mob of people attacking the nation’s capital, attempting to overthrow the United States government, and even causing death and injuries. And for certain, he is not worried about gun crime.

To Mitch, criminals are street, not white-collar, criminals, who are born bad and born black.

Syracuse Police Handling of 8-Year-Old Black Boy Reminds Us How Anti-Black Blue Lives Can Be

From 2019 to 2020, the homicide rate in the United States jumped nearly 30 percent, according to FBI data, marking the largest increase since we started keeping track of those stats. 

Third Way, a Democratic think tank, found that cities (run by Democrats) in red states were hit harder by the 2020 murder surge than blue states were.

Democrats who have been recently elected as mayors in liberal cities such as New York and Seattle have campaigned on being tough on crime.

“There is little doubt that the sheer stress and strain of the pandemic, not to mention the economic dislocation, helped to push up homicide rates,” criminologist Richard Rosenfeld told Witte.

Democrats are nervous about getting tagged as anti-police — again. This time, they’re already campaigning on more funding for police departments.

And none of this “tough on crime” blustering addresses the root cause of most street crime: Poverty

Poverty is the mother of crime.

Yes, crime has many parents — that “stress, strain, and economic dislocation” to name three. But walk through any wealthy area, and you will fear street crime far less than in an impoverished area.

Republicans are adamant in their desire to apprehend and punish street criminals. However, while apprehending and punishing after the fact may be their focus, Republicans have no desire to address cause and prevention.

They are adamant in their opposition to gun control, to keep guns out of the hands of potential criminals, and to reduce the lethality of the guns being sold, which would have a significant impact.

Similarly, Republicans vote against anti-poverty benefits, i.e., Social Security for All, Medicare for All, School lunch programs, housing aid, food aid, college for all, and the myriad other easily affordable (by the federal government) programs that would reduce poverty and crime in America.

Punishment, punishment, punishment; that is all the right-wing knows. One reasonably might think putting blacks, browns, and immigrants in jail is the real motive, and crime is just the convenient excuse.

The right dismisses them all with one word, “socialism,” then blindly continues to chatter about the need for tougher police and harsher sentences.

(White-color crime and political crime are OK, except if found on a Hunter Biden laptop)

Even the Democrats have been dragged into the false rhetoric:

“Fund the police,” Biden roared at his State of the Union address this spring, to bipartisan applause.

Yes, fund the police. We do need well-trained, well-paid police.

But, digging recruits from the bottom of the barrel, and then without training, setting them loose on the public, is no way to be tough on crime.

Fund the police, but also fund the people.

Our Monetarily Sovereignfederal government, having the infinite ability to spend dollars, can reduce poverty in America — and thus reduce crime — without levying one cent in taxes or causing inflation.

There is a reason why poor areas of the country endure more street crime than wealthy areas. It’s not that poor people are innately more dishonest. They simply have less money and less of what money can buy. 

They have the same desires the rich have but fewer means of satisfying them. So they steal. It has been the same for time immemorial. 

We can curse the darkness by arresting a hungry kid for stealing food from a grocery store and locking him up forever, or we can light a candle by giving him food, shelter, and reasonable hope for his future.

For some reason, we have lately shown a greater desire to beat down than to lift up, and that truly is wrong. It is wrong morally and wrong an effective solution.

Beating down may satisfy the mob’s bloodlust, but it will not reduce crime, and it will turn on the innocent.

I was reminded of the 2022 article (above) when I read this yesterday:

Voters want solutions to crime, not fighting from Trump, Harris Ana Zamora, Chicago Tribune Americans aren’t interested in overheated rhetoric or petty name-calling. What people want are real solutions to make our communities safer and more just.

Last year, Gallup showed that when you ask Americans whether the criminal justice system is “too tough” or “not tough enough,” most say it should be tougher.

But then the pollsters went a level deeper and asked people what should actually be done.

The top answer wasn’t to hire more police. It was to address the social and economic problems that drive crime in the first place — by a margin of 2 to 1.

Typically, such social efforts as enhanced Medicare and more generous Social Security, unemployment compensation, free school lunch, free housing, and other anti-poverty measures are not considered “tough on crime,” and that is the problem. Efforts to reduce poverty and its associated hopelessness, lack of education, and lack of stable home life are the best ways to be “tough on crime.” Still, too many Americans, especially those on the right, consider such benefits to be unaffordable, socialist, and soft-hearted rewards for indolence.

The reform movement has notched remarkable wins, beginning with the fact that 3 in 4 Americans— Democrats and Republicans — now believe in its aims, according to a report from the bipartisan group FWD.us.

Many of its solutions enjoy broad political appeal — among voters and legislators alike. States have passed laws to give police the resources they need while improving oversight and accountability.

They’ve also pushed ahead on other fronts — strengthening the public defense system, ending mandatory minimum sentencing and juvenile life without parole, creating deflection and diversion programs, funding education and workforce development in prisons, expanding access to parole, sealing criminal records and making sure people who leave the prison system have the support they need to reenter society successfully.

The above all are worthwhile, but most don’t address the fundamental cause of street crime: Poverty.

Now the prison population is shrinking in many places, and crime rates are plummeting. We have to protect those precious gains. And we can’t let the overheated rhetoric of a presidential election keep us from making more.

The bright-red state of Oklahoma just passed a law to help survivors of domestic abuse who were imprisoned because they committed a criminal act while defending themselves.

Their sentences will now be reduced, thanks to a politically diverse group of advocates, legislators, funders and community members who spent two years working to right an obvious wrong.

Stories like this remind us that “tough on crime” policies aren’t the only option. Even in an era of profound political division — and a moment when the presidential election will pry us even further apart — we are still capable of crossing party lines to make change.

It’s only when we lose sight of that fact that we end up with laws such as the Safer Kentucky Act, which promises to sweep even more people into the state’s bulging prison system, some for life, while doing nothing to prevent crime.

Give voters a choice between senseless punishment and pragmatic solutions that deliver safety, accountability and justice, they’ll pick the better option.

(Ana Zamora is founder and CEO of The Just Trust, which advocates for bipartisan criminal}

SUMMARY Americans and their politicians continue to eschew crime prevention in favor of punishment. It’s as though we believed the way to prevent and cure illness was to pack sick people into miserable quarantine camps rather than to give them medical care and healthful diets and surroundings. Ironically, punishment feeds recidivism whereby those coming out of prison are more, not less, likely to recommit crimes. They have lost the crucial education and orientation years and, upon release, are thrust unprepared into a world that does not offer them reasonable possibilities for honest lives. Rather than preventing or curing crime, being “tough on crime” begets more crime, and not just by the criminals but by their friends, parents, spouses, and children in an unending cycle of failure. Rodger Malcolm Mitchell Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell; MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell; https://www.academia.edu/

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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.

MONETARY SOVEREIGNTY

Mass deportation

Here is an editorial from THE WEEK Magazine. It needs no comment from me.

It does happen here

Our long history of rounding people up and kicking them out

The Republican National Convention
MAGA patriots

Mass deportation. It’s an Orwellian phrase we associate with the Holocaust or the Armenian genocide.

Sending armed troops to pull millions of people, including babies and seniors, from their homes, forcing them into squalid camps, and then transferring them to a land where they have nothing — it sounds like something only a crazed dictator would do.

Not a democratic country, certainly not my own country.

But in fact, the U.S. has done it multiple times, and not just during wartime.

The Trail of Tears, when President Andrew Jackson signed the 1830 Indian Removal Act to expel tens of thousands of Native Americans from their land.

During the Depression, when the U.S. kicked out up to 1.8 million people of Mexican descent, half of them U.S. citizens, to preserve jobs for whites.

And Operation Wetback (yes, really), when President Dwight D. Eisenhower used the Border Patrol to truck over a million Mexican laborers back to Mexico. All of these actions were popular at the time, and all were seen in retrospect as shameful chapters in U.S. history.

Yet here we are again. Studies show that deporting immigrants doesn’t help the economy; it hurts it.

But Donald Trump says that if he’s elected president, he will expel up to 20 million people, a figure far higher than the 11 million undocumented immigrants believed to be in the U.S. now.

At the Republican convention, attendees carried signs blaring “Mass Deportation Now” and chanted “Send them back!”

In a June poll, 6 in 10 voters said they supported the idea, including a third of Democrats, while just under half supported mass detention centers where those arrested (some of them doubtless citizens) would be sent for processing.

Do these Americans understand how traumatic such an upheaval would be?

The spectacle of troops going door to door, of families being rounded up, would be heart-wrenching.

The blatant racism of the endeavor — it’s not Norwegians over-staying visas who would be targeted — would rip this nation apart.

Mass deportation is not un-American. But it should be.

This is the editor’s letter in the current issue of The Week magazine.

The U.S. government is running short of U.S. dollars

This post is dedicated to those who believe the U.S. government can run short of its sovereign currency, the dollar.

The Continental Congress met in New York in 1785, and on 6 July, the dollar was established as the official currency of the new United States of America.

Congress decided on a decimal system, i.e., 100 cents to a dollar. However, disagreements among the members of Congress meant that a mint wasn’t established in America until 1792.

It was another 70 years—1862, in the middle of the Civil War—before the US Treasury was able to print dollar bills—black on the front, green on the back, so colored because of the chemicals used to prevent counterfeiting.

And so the dollar (or greenback) as we know it today came into being.

Keep in mind that all of this was accomplished simply by passing laws, which are created from thin air. So long as the U.S. government has the infinite power to pass laws, it has the endless power to create U.S. dollars.

Former Federal Reserve Chairman Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency. There is nothing to prevent the federal government from creating as much money as it wants and paying it to somebody. The United States can pay any debt it has because we can always print the money to do that.”

Former Federal Reserve Chairman Ben Bernanke: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. It’s not tax money… We simply use the computer to mark up the size of the account.”

Fed Chairman Jerome Powell: “As a central bank, we have the ability to create money digitally.”

Statement from the St. Louis Federal Reserve Bank: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”

All of the above statements rely on the fact that the U.S. government is Monetarily Sovereign; it is sovereign over the U.S. dollar.

The statements are true for all Monetary Sovereigns. For example, the European Union is sovereign over the euro. So long as the EU can pass laws, it can create euros.

Mario Draghi, President of the European Central Bank: “We cannot run out of money.”

As you read this post, keep in mind the U.S. government’s infinite ability to create dollars out of thin air.

Charles Schwab Brokerage published an article titled “The Future of Social Security and Medicare?” on August 14, 2024.

The subhead was: “Medicare and Social Security are projected to run out of money by 2036. Mike Townsend discusses possible solutions to the shortfalls and the likelihood of each.”

The clock is ticking on two pillars of retirement planning.

Barring major overhauls, projections indicate that Medicare’s Hospital Insurance trust fund, which covers hospital benefits, will be unable to pay full benefits after 2036, and the Social Security trust fund, which covers retirees and their survivors, will be unable to pay full benefits after 2033.

We’ll pause here to remind you that Medicare’s Hospital Insurance trust fund and the Social Security trust fund are not real trust funds.

They are just bookkeeping line items 100% controlled by Congress and the President.

If Congress and the President decide to add a trillion dollars to each of the so-called “trust funds,” they will vote, and each “trust fund” line item instantly will be a trillion higher.

Strangely, Mike Townsend, the managing director of legislative and regulatory affairs at Schwab, doesn’t seem to understand Monetary Sovereignty and the federal government’s unique and infinite ability to create U.S. dollars.

Seemingly, Townsend equates the federal government with monetarily non-sovereign state and local governments, which do not have this infinite power.

We talked with Mike Townsend about the most likely solutions, whom they’ll affect, and when.

Q: Let’s start with Social Security. What potential fixes are on the table?

Mike: There’s a universe of possibilities, including extending the full retirement age, raising the payroll tax rate, and increasing the amount of income subject to the payroll tax.

But no one in elected office is enthusiastic about promoting any solutions that might prove politically unpopular.

Townsend doesn’t mention the real solution: Eliminate the fake trust funds and simply pay for Social Security and Medicare the same way we pay for Congress, the White House, the Supreme Court, all the branches of the military, and almost every other federal agency and federal project: by creating dollars ad hoc.

Q: What might raising the full retirement age look like?

Mike: During the last major Social Security overhaul, in 1983, the age at which you could collect full benefits was gradually increased, from 65 to 67. (You can collect reduced benefits as early as age 62.)

We’re seeing similar proposals now, with one pushing for a full retirement age of 70 for those born after 1977—the rationale being that people are generally living longer and therefore also working longer.

This is at or near the top of the list of proposals, and it’s likely that the full retirement age will go up at some point—though I expect it will include a long and slow phase-in when it does happen.

This solution, called the “work ’til you drop” idea, and other “solutions” Townsend mentions, involve taking dollars from the poor and middle classes, the very people for whom Social Security and Medicare were invented.

The rich receive most of their income from sources not subject to the FICA tax.

It truly is a disgrace the people who are paid to know better pretend the federal government needs to take dollars from those who rely on them most.

Q: Have there also been proposals to change the payroll tax that funds Social Security?

Mike: Currently, the payroll tax that funds retiree benefits is 12.4% of workers’ earnings, split evenly between employer and employee. There are many proposals to increase that amount, such as by a fraction of a percentage point annually over several years to lessen the impact on the average worker.

Townsend fails to tell you that in reality, all of the money comes from salaried employees

Every business treats the payroll tax as a cost associated with employees’ pay. This cost is one of the considerations when determining how much to pay salaried employees. 

That is why so many businesses prefer to classify workers as independent contractors rather than as employees. FICA is in reality, a head tax on businesses, paid for by salaried employees.

Q: How else could the payroll tax structure change to increase revenue?

Mike: For 2024, only the first $168,600 of income is subject to the Social Security payroll tax. One proposal suggests starting to collect the tax again for income over $400,000, while another suggests collecting above $250,000.

On the political left, that’s probably the most popular proposal, because it impacts higher earners; but on the right, it’s among the least popular proposals because conservatives generally oppose tax increases of any kind.

Q: Any other ideas floating around?

Mike: There’s a bipartisan group in the Senate trying to come up with alternatives. For example, Social Security funds are now 100% invested in U.S. Treasury bonds, which are very safe but offer a relatively low rate of return.

One idea is to put some portion of Social Security taxes into a newly created sovereign wealth fund that would invest in stocks and have the potential to earn a higher rate of return.

The above is an example of the federal government pretending it isn’t Monetarily Sovereign and is helpless to increase the balance in the “trust funds” or, better yet, to do away with them and simply pay for the costs.

Q: Let’s turn to Medicare. What can be done to sustain the Hospital Insurance trust fund?

Mike: The Medicare payroll tax of 2.9%, which is split equally between employers and workers, finances this fund. For wages above $200,000, there’s an additional Medicare tax of 0.9%. Raising the tax is one way to help shore up Medicare, so it’s definitely in the mix. But again, in a divided Congress the more conservative members are unlikely to vote for a tax increase.

Q: How does the Net Investment Income Tax factor into the equation?

Mike: Currently that tax is 3.8% on investment income for those making a total of more than $200,000 ($250,000 for married couples filing jointly).

Right now, that money goes into the general coffers rather than Medicare.

However, President Biden has proposed not only an expansion of the tax—to 5% above $400,000 in income ($450,000 for couples filing jointly)—but also to apply the money to the Hospital Insurance trust fund. That proposal is also going nowhere in a divided Congress, but it’s nevertheless on the table.

It’s all ridiculous hocus-pocus. There are no “general coffers.” The federal government creates all its payment funds ad hoc. It sends instructions to each creditor’s bank, instructing the bank to increase the balance in the creditor’s checking account.

What the bank does as instructed, new dollars are created and added to the M2 money supply measure.

Further, a tax increase is entirely useless. The federal government neither needs nor uses tax dollars. When you pay your taxes, you take M2 dollars from your bank account and send them to the U.S. Treasury.

When your dollars reach the Treasury, they cease to be part of any money supply measure because the Treasury has access to infinite dollars.

Thus, all federal tax dollars are destroyed upon receipt, and new dollars are created to pay all bills.

Q: What’s the timing on any of this?

Mike: The closer the government gets to the insolvency deadlines, the less time it has to raise the necessary funds.

Congress can continue to kick the can down the road, but the math is only going to get more difficult. That said, there continues to be a lack of urgency on Capitol Hill, and it may be a few years before momentum for action builds.

The Monetarily Sovereign federal government doesn’t “raise” funds. It creates all the funds it needs and destroys all dollars coming in. 

Congress can continue to kick the can down the road, but the math is only going to get more difficult. That said, there continues to be a lack of urgency on Capitol Hill, and it may be a few years before momentum for action builds.

From a beneficiary’s perspective, any proposed solution likely would be phased in over many years—and people approaching or already in retirement would almost certainly be exempt.

After all, many Americans have been planning their retirement with certain assumptions around Social Security in mind, and it would be unfair to upend those assumptions without adequate time to adjust.

Townsend does not seem to understand the fundamental differences between Monetary Sovereignty (i.e., the U.S. government) and monetary non-sovereignty (i.e., you, me, state/local governments, and businesses).

The astounding lack of factual information promulgated by one of America’s largest brokerages truly is sad.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell

Search #monetarysovereignty

Facebook: Rodger Malcolm Mitchell; MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell; https://www.academia.edu/

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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.

MONETARY SOVEREIGNTY