Gun-related violence: A partial solution. Monday, Dec 11 2017 

Image result for adult reading newspaper.

It takes only two things to keep people in chains:

The ignorance of the oppressed
and the treachery of their leaders.

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BACKGROUND

The U.S. has the most, per-capita, gun-related violence of any nation. Yet steps taken to reduce this violence is met with a wall of “2nd Amendment” resistance. Why?

Fear.

What if NRA’s Executive Vice President Wayne LaPierre, was correct when he spoke of “a good guy with a gun”?Image result for gang member with a gun

Most of the people who own guns are “good guys” by usual definitions, though even “good guys” can become “bad guys” at any moment.

Aside from hunting, collecting and target shooting, guns are owned out of fear — the fear that a “bad guy” might attack. It’s similar to the reason why “good nations” have stockpiled nuclear weapons.  They are afraid of “bad nations” with nuclear weapons.

The problem is that the very existence of weapons, nuclear or otherwise, begets the purchase of additional weapons.

People living in high-crime areas buy guns to protect themselves, and this proliferation of guns encourages others — even those in lower crime areas — to buy guns, in an infinite feedback loop, where the existence of guns encourages the purchase of ever more guns.

So perhaps, the problem is not guns. Perhaps the problem is fear, and gun ownership is just the symptom of fear.

If we address fear, a social problem, rather than debating 2nd Amendment rights, we may find grounds for agreement.

For social problems, there are no total solutions: There are only partial solutions.

Failure to recognize that basic truth leads to misleading objections based on the words, “That wouldn’t have stopped [insert specific problem here].”

There is no complete solution to gun-related violence, other than to destroy every gun on earth and all the companies that make guns, and all the ingredients that would allow someone to make anything called a “gun” at home.

But, there may be partial solutions that can reduce the fear that stems from gun-related violence.

To identify solutions, we must define terms. What would you say defines “gun-related violence”? It is when someone:

  1. Commits murder with a gun?
  2. Attempts murder with a gun, but only wounds?
  3. Robs you while holding a gun, but does not shoot it?
  4. Shoots at you, but misses?
  5. Robs you and shoots a gun into the air?
  6. Hits you on the head with a gun?
  7. Robs you while displaying a fake gun?
  8. Threatens to use a gun, but doesn’t show it or have it?
  9. Robs you and grabs your gun?
  10. Steals your gun during a burglary?
  11. Attempts suicide with a gun?
  12. Commits suicide with a gun?

Which would you include in “gun-related violence” statistics?

Suicides by gun accounted for about six of every 10 firearm deaths in 2010 and just over half of all suicides, according to data from the Centers for Disease Control. Although suicide is violence against self,  it is substantially different from other sorts of gun-related violence, so solutions would also be substantially different.

On June 13, 2016, we published, Five partial solutions to gun-related violence., One of the five partial solutions was:

Apply the RICO (Racketeer Influenced and Corrupt Organizations) laws to gangs.

A great many gun killings are committed by street gang members. Entire neighborhoods, even towns, are held hostage by the fear of turf wars, drive-by shootings, revenge shootings, and robberies. Street gangs are criminal enterprises under RICO.

Under RICO, a person who has committed “at least two acts of racketeering activity” drawn from a list of 35 crimes—27 federal crimes and 8 state crimes—within a 10-year period can be charged with racketeering if such acts are related in one of four specified ways to an “enterprise”.

Those found guilty of racketeering can be fined up to $25,000 and sentenced to 20 years in prison per racketeering count.

In addition, the racketeer must forfeit all ill-gotten gains and interest in any business gained through a pattern of “racketeering activity.

Despite its harsh provisions, a RICO-related charge is considered easy to prove in court, as it focuses on patterns of behavior as opposed to criminal acts.

Some patterns of activity include:

It shall be unlawful for any person who has received any income derived, directly or indirectly, from a pattern of racketeering activity or through collection of an unlawful debt. (Bottom line: Every gang member does this, so merely belonging to a gang is considered a crime.)

. . . to acquire or maintain, directly or indirectly, any interest in or control of any enterprise which is engaged in, or the activities of which affect, interstate or foreign commerce. (For example, if your gang deals in drugs, guns or women, you, as a member of the gang, are liable.)

. . . to conspire to violate any of the provisions [of the law]. (Even talking about breaking the law with your fellow gang members is a felony.)

Your police know who the gang-bangers are. They have lists. They have evidence. The police could round up many of them, tomorrow.

Although the post specifically mentioned “gun killings” it would be equally appropriate to any gun-related crimes committed by members of gangs.

We had sent copies of the article to Chicago’s Mayor Rahm Emanual, and of course, did not receive a response. Little did I realize at the time, that others had pursued the same idea, for last week, the Chicago Tribune published a relevant article. Here are some excerpts:

6 gang leaders convicted in county’s 1st test of RICO law
By Megan Crepeau Chicago Tribune

A jury on Saturday convicted six leaders of a West Side street gang in Cook County’s first test of a tough state anti-racketeering law.

Moments before the verdict was disclosed in Judge Michael McHale’s courtroom, the six Black Souls bosses held hands as they stood behind their attorneys. None showed emotion as McHale announced that each had been found guilty of racketeering conspiracy and drug conspiracy.

The seven-man, five-woman jury, which deliberated about 13 hours, also found the gang’s leader, Cornel Dawson, and gang “vice president” Teron Odum responsible for four murders between 2002 and 2013.

Also convicted were gang enforcer Duavon Spears and Antwan Davis, Clifton Lemon and Ulysses Polk, all identified as top-level managers. All six face a maximum sentence of life in prison.

State’s Attorney Kim Foxx hailed the unusual Saturday verdict — the jury was sequestered at night at a hotel — at a news conference Saturday evening.

“For over a decade, the Black Souls terrorized their West Side neighborhood through violent crimes to protect their illegal trade.”This case demonstrates what we can do when we work together.”

The trial marked the county’s first test of the Street Gang RICO Act, passed by the state legislature in 2012 and modeled after the federal Racketeer Influenced and Corrupt Organization statute. It is designed to give police and prosecutors a powerful tool to uproot violent street gangs.

Testifying during nearly two months of the trial were more than 100 witnesses, including police, gang members and a lifelong drug dealer who secretly recorded hundreds of hours of conversations with the defendants.

Jurors heard evidence of gruesome murders. The case was based in large part on a series of recordings made by drug dealer Alex Williams, who cooperated extensively with police.

Many of the recordings, played for jurors, captured the defendants discussing day-to-day drug-dealing matters and bragging about their violent exploits.

Armed with the state anti-racketeering law, prosecutors urged jurors to consider the Black Souls as a criminal enterprise and hold the six defendants accountable for the actions of the gang as a whole.
mcrepeau@chicagotribune.com

In the larger urban areas especially, fear of gangs begets the purchase of guns, by “good guys” and by “bad guys,” for self-defense.

Unfortunately, when even a “good guy” buys a gun, he (or she) increases the probability of gun violence.

When a “bad guy” steals a “good guy’s” gun — and it happens all the time — that gun now is in the possession of a “bad guy.” Gun ownership tends to flow from “good guys” to “bad guys.”

And “good guys” can become “bad guys” in an instant. Road rage, lovers’ fights, being bullied, being treated unfairly, latent bigotry — all can lead the human species to acts of violence, and having a gun handy, makes that violence much more tempting and likely.

Destroying street gangs would remove much of the fear that leads to gun purchases.

The infinite loop becomes:  Fewer gangs = fewer gun purchases = fewer guns = fewer guns that are used for crime = less fear = fewer gun purchases.

Hunters still can have their guns. Collectors still can have their guns. With the end of street gangs, fewer people would be afraid (a good thing in of itself) and fewer people would feel the need to own guns.

The U.S. Supreme Court already has approved RICO laws, so all that states and cities must do is adopt them,  and the police and the courts enforce them, and we will have taken the first productive step in reducing gun-related violence.

Rather than punishing the “good guys” for owning guns, we can help to cure them of the disease called “fear.” Then, they voluntarily would be less likely to take the gun “medicine.”

No, this wouldn’t prevent all gun-related violence. But, it’s a step that will allow us to live safer lives and with less fear.

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

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“Lügenpresse”: Hitler’s “fake news.” We’re making the same mistake, again. Sunday, Dec 10 2017 

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It takes only two things to keep people in chains:

The ignorance of the oppressed
and the treachery of their leaders.

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Back on (ironically) July 4th, 2015, we compared Donald Trump with Adolph Hitler (Hitler in America. Why a bigot can win the Presidency).

We made the same comparison on December 7th (also ironically) 2015 in the post: Hitler redux.

And again on Sep 30, 2016 (Astounding similarities: Hitler in America. It’s happening now.)Image result for trump

We may not have been the first to call attention to the massive similarities between Trump and Hitler. Over the months, we were not the only ones. And surely we won’t be the last.

Trump is following the Hitlerian playbook and unfortunately, many of us Americans are following the German people’s playbook.

Hitler preyed on discontent. He told the German people they were being treated unfairly, and he alone could save them. They believed what they desperately wanted to believe. Some still do.

From a September 2016 article in Newsweek:

Image result for hitler

Trump is capitalizing on a longing for charismatic leadership, to which even highly developed Western democracies seem very susceptible when democratic structures fail to deliver all the desired outcomes.

There is a very real sense amongst a large part of the population that they have not been on the “winning side” for a long time.

Trump promised: “We’re gonna win so much you may even get tired of winning and you’ll say please, please Mr. President, It’s too much winning! We can’t take it anymore!”

The gap between rich and poor is getting wider, and in the process, the classical attributes of political leadership—education, expertise, eloquent speeches—have come to be seen not as problem-solving strategies, but as the identity markers of a social elite who are looking after their own interests only.

Even where new policies on healthcare, education, or job creation achieve their goals, they are not popular, because they are tinged with that smell of elitism that makes many ordinary people not feel valued by the political classes.

Trump has not been the first demagogue to capitalize on such sentiments.

Thus, when Senator Bernie Sanders proposed Medicare for All, he was ridiculed. It was “too good to be true.” The populace opted for Trump’s empty lies rather than accept Sanders’s substantive proposals.

If Trump is known for anything, it is his repeated use of the words, “Fake news.” Hitler used the term, Lügenpresse” (lying press).

All dictators hate a free press. In “Trumpworld,” free speech is only for the Nazis, the white supremacists, and the KKK, and of course, for Donald Trump — not for newspaper reporters.

Trump wants news media to fawn over him as Breitbart and FOX do, and like the many, right-wing conspiracy blogs that still excuse Trump’s faults by focusing on Hillary’s Emails, Barack’s birth certificate, and Bill’s affairs. (They never mention Trump’s wife-cheating, his groping, his Trump University con, his compulsive lying, his incompetence, his notorious laziness, etc.)

If Trump had his way, he would bankrupt the mainstream media with lawsuits, or with military action, Putin style, Putin being one of Trump’s heroes.

A cowardly draft dodger, Trump longs for war. Perhaps North Korea will provide him with one. He seems to hope so.

How did we get here? How did the United States arrive at the same place as Nazi Germany?

Perhaps we should ask, why did the Republican party trade its soul for a political victory, knowing full well that Trump was evil for democracy, evil for America, and evil for the middle- and lower-income people?

The lust for power replaced the GOP’ moral center. It led to health care plans that would have cost millions of Americans their lives and tax plans that widen the Gap between the rich and the rest.

I understand and sympathize with Trump’s voters. They were desperate, unappreciated and so, they were consumed with hatred. Trump made many promises everyone knew he wouldn’t keep, but for desperate people, the heart needs to feel hope, even when the mind knows it is all a lie.

And of course, they need someone to blame, and Trump gave them that, too. Just as Hitler offered up for hatred, the Jews, and the Gypsies, Trump offers up the Mexicans, the undocumented, the Muslims, the immigrants, and the poor.

All are to be despised, as a balm to American self-pity.

Predictably, the man who promised to “drain the swamp” filled his government with swamp creatures — billionaires who care nothing for the people, as they try to undo the laws that protect the people — supposedly to provide jobs, but in reality to provide profits for rich investors.

And now, the GOP urgently tries to pass a tax bill that will benefit those swamp creatures most.

Today, 1/3 of America still hopes and prays that Trump’s lies were real, and that Trump’s GOP (Yes, it’s his now), really intends to help them, though that’s an obvious lie.

They gave away two of their most valuable possessions, their votes and their souls, and in return what did they get? The vague hope that poor pregnant women and undocumented immigrants will be punished. That is their sad reward.

In the end, these Trump backers, having closed their eyes to the obvious, will find themselves more desperate, less appreciated, and more consumed with hatred.

Their real reward: Their pockets will be emptier, and their mouths will be filled with ashes.

Here we are, like the people of Nazi Germany, like the people of other nations who traded freedom for a dictatorship, making that same mistake, again.

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

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The most important problems in economics involve the excessive income/wealth/power Gaps between the have-mores and the have-less.

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 The Ten Steps To Prosperity can narrow the Gaps:

Ten Steps To Prosperity:
1. ELIMINATE FICA (Ten Reasons to Eliminate FICA )
Although the article lists 10 reasons to eliminate FICA, there are two fundamental reasons:
*FICA is the most regressive tax in American history, widening the Gap by punishing the low and middle-income groups, while leaving the rich untouched, and
*The federal government, being Monetarily Sovereign, neither needs nor uses FICA to support Social Security and Medicare.
2. FEDERALLY FUNDED MEDICARE — PARTS A, B & D, PLUS LONG TERM CARE — FOR EVERYONE (H.R. 676, Medicare for All )
This article addresses the questions:
*Does the economy benefit when the rich can afford better health care than can the rest of Americans?
*Aside from improved health care, what are the other economic effects of “Medicare for everyone?”
*How much would it cost taxpayers?
*Who opposes it?”
3. PROVIDE A MONTHLY ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA (similar to Social Security for All) (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB (Economic Bonus)) Or institute a reverse income tax.
This article is the fifth in a series about direct financial assistance to Americans:

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012
MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012
Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012
“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that. Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money. The five articles describe the pros and cons of each approach.
4. FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONE Five reasons why we should eliminate school loans
Monetarily non-sovereign State and local governments, despite their limited finances, support grades K-12. That level of education may have been sufficient for a largely agrarian economy, but not for our currently more technical economy that demands greater numbers of highly educated workers.
Because state and local funding is so limited, grades K-12 receive short shrift, especially those schools whose populations come from the lowest economic groups. And college is too costly for most families.
An educated populace benefits a nation, and benefitting the nation is the purpose of the federal government, which has the unlimited ability to pay for K-16 and beyond.
5. SALARY FOR ATTENDING SCHOOL
Even were schooling to be completely free, many young people cannot attend, because they and their families cannot afford to support non-workers. In a foundering boat, everyone needs to bail, and no one can take time off for study.
If a young person’s “job” is to learn and be productive, he/she should be paid to do that job, especially since that job is one of America’s most important.
6. ELIMINATE FEDERAL TAXES ON BUSINESS
Businesses are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the federal government (the later having no use for those dollars). Any tax on businesses reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all business taxes reduce your personal income.
7. INCREASE THE STANDARD INCOME TAX DEDUCTION, ANNUALLY. (Refer to this.) Federal taxes punish taxpayers and harm the economy. The federal government has no need for those punishing and harmful tax dollars. There are several ways to reduce taxes, and we should evaluate and choose the most progressive approaches.
Cutting FICA and business taxes would be a good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap.
8. TAX THE VERY RICH (THE “.1%) MORE, WITH HIGHER PROGRESSIVE TAX RATES ON ALL FORMS OF INCOME. (TROPHIC CASCADE)
There was a time when I argued against increasing anyone’s federal taxes. After all, the federal government has no need for tax dollars, and all taxes reduce Gross Domestic Product, thereby negatively affecting the entire economy, including the 99.9%.
But I have come to realize that narrowing the Gap requires trimming the top. It simply would not be possible to provide the 99.9% with enough benefits to narrow the Gap in any meaningful way. Bill Gates reportedly owns $70 billion. To get to that level, he must have been earning $10 billion a year. Pick any acceptable Gap (1000 to 1?), and the lowest paid American would have to receive $10 million a year. Unreasonable.
9. FEDERAL OWNERSHIP OF ALL BANKS (Click The end of private banking and How should America decide “who-gets-money”?)
Banks have created all the dollars that exist. Even dollars created at the direction of the federal government, actually come into being when banks increase the numbers in checking accounts. This gives the banks enormous financial power, and as we all know, power corrupts — especially when multiplied by a profit motive.
Although the federal government also is powerful and corrupted, it does not suffer from a profit motive, the world’s most corrupting influence.
10. INCREASE FEDERAL SPENDING ON THE MYRIAD INITIATIVES THAT BENEFIT AMERICA’S 99.9% (Federal agencies)Browse the agencies. See how many agencies benefit the lower- and middle-income/wealth/ power groups, by adding dollars to the economy and/or by actions more beneficial to the 99.9% than to the .1%.
Save this reference as your primer to current economics. Sadly, much of the material is not being taught in American schools, which is all the more reason for you to use it.

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
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THE RECESSION CLOCK

Monetary Sovereignty

Federal Deficit — 1955 – Present. Vertical Bars are recessions

Monetary Sovereignty

Federal Deficit — 2004 – Present

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

MONETARY SOVEREIGNTY

Get the best of President Bannon Saturday, Dec 9 2017 

Remember Steve Bannon, the guy who wants to destroy America so he can rebuild it in his own image?

Well, he now calls himself @PresidentBannon, “ The real 45th POTUS.” (You do remember that election, don’t you?)

He has some lovely things to say about President Trump.

You can find them at https://twitter.com/PRESlDENTBANNON together with a picture of him looking like the village drunk.

To save you time, here is just a sampling of @PresidentBannon’s deathless prose:

Steve Bannon
@PRESlDENTBANNON
The real 45th POTUS

It’s damn near impossible to cut taxes when you only control the House, the Senate, the White House and the Supreme Court.
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Wall length: 0
Pro-pedophile rallies: 1
Plea deals: 2
Approval rating: 32%
Devices seized by Mueller: 36
Golf trips: 78
Denture cost: $5,000
Documents seized by Mueller: 400,000
Puerto Ricans without power: 1,000,000
Tax plan deficit: $1.4 trillion

So much winning
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Al Franken. If at any point you feel like harassing women or underage girls and you would also like to be a senator, do not hesitate to contact the Republican Party.
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Wall: no
Credibility: gone
Achievements: none
GOP slogan: 14 is the new 30
National monuments: shrinking
Middle East strategy: burning
Allies: deserting
Flynn: singing
Lawyer: tweeting
Teeth: crumbling
Speech: slurring
Title: Emperor Bonespur of Nambia

So much winning
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Asked @seanhannity to explain on TV how Flynn’s secret plan to get rid of sanctions and work with Russia to build nuclear reactors in the Middle East wasn’t collusion with Russia but a Deep State conspiracy to undermine the Trump presidency. Ordered by Obama. Paid by Soros
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Recognizing Jerusalem as the capital of Israel is the most economical way to set the Middle East on fire.
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Let me try to explain.

– Mitt Romney avoiding Vietnam: BAD
– Donald Trump avoiding Vietnam: OK

– Anthony Weiner sexting underage girls: BAD
– Roy Moore touching underage girls: OK

– Barack Obama golfing: BAD
– Donald Trump golfing: OK

Got it?
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@realDonaldTrump: Sexual pervert Anthony Weiner has zero business holding public office.
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So a birther, a tax evader, a white supremacist, a Bible basher, a Republican and a sex offender walk into a mall. What does the security guard say?

“Come on Roy, you are banned from here and you know it.”
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Today’s achievements:

• Claim to be above the law
• Feel “very badly” for guilty Flynn
• Shrink national monuments
• Endorse alleged child molester

So much winning, and it’s only Monday
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If we can make our base — the poor, unemployed people in rural America — to cheer Wall Street hitting record highs, we sure as hell can make Alabama elect a pedophile to the Senate.
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Today we have decided to claim that the President cannot obstruct justice because he is the chief law enforcement officer.

I feel so bad for Nixon who resigned for nothing
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Priority list:

1. BUT HER EMAILS
2. Attack FBI
3. Attack Bob Mueller
4. Attack media
5. Attack Justice Department
6. Cut own and friends’ taxes
7. Golf
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.
812. Prevent nuclear holocaust
.
.
1733. Repair Puerto Rico power grid
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Day 316

Wall length: 0
Flipped advisors: 1
Guilty pleas: 2
Direct messages to WikiLeaks: 3
Approval rating: 33%
Communications with Russians: 51
Golf trips: 78
Lies: 1700
Tweets: 2210
Golf cart rental cost: $150,000
Tax plan deficit: $1,400,000,000,000

Numbers show the winning
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Friday: find out your former National Security Advisor has offered a guilty plea

Saturday: accidentally admit to obstruction of justice while tweeting on the toilet

Weekend going great
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Our tax bill has very low public support, but that will change once people realize that it includes a tax break for private jet owners.
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Passing the tax reform bill was a big victory. It opens up the possibility of enriching big corporations while eliminating poverty and sickness by killing off the sick and the poor.
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Because stock market is at an all-time high, economy running at 3% of GDP, housing starts up 14%, consumer confidence at 17-year high and unemployment at 17-year low, we MUST pass a deficit-financed tax cut bill and strip ACA to give more to big corporations and to the top 1%.
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Privately pressing officials to end investigation into your actions is a well-known sign of innocence.
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Nov 30

1) Raise taxes for the poor
2) Gut net neutrality to silence them
3) Scrap healthcare subsidies
4) Laugh in gold-plated penthouse

Winning
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It is a well-established fact that the best time to replace the Secretary of State is when you’re a tweet away from nuclear war.
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Day 313

Insult: everybody
Missiles: North Korean
War: nearing
Investigation: widening
Tweets: out of control
Her: emails
Sex scandals: getting closer
Title: Colonel Covfefe of Nambia
Unfolding: panic
Prison: federal
Indictments: soon
Diagnosis: dotardism

Almost tired of winning
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– Accuse Joe Scarborough of murder
– Tweet racist fake news
– Attack Matt Lauer
– Hold a rally to lie about taxes
– Insult Kim Jong-un
– Attack British PM
– Blame “Deep State”
– Suggest firing people for “fake news”
– Blame Democrats
– Call for boycott of CNN

Very busy Wednesday
29 replies 291 retweets 762 likes
Reply 29 Retweet 291 Like 762 Direct message
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CNN is fake news
Climate change is fake
Obama’s birth certificate is fake
Access Hollywood tape is fake
Three million illegals voted
Biggest inauguration crowd ever
Time Magazine called
There will be a wall
We will drain the swamp
Your taxes will be cut
Won’t have time to golf
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Retweeting unverified anti-Muslim videos from far-right groups is the fastest way of gaining international respect and admiration among our allies.
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I understand that the threat of being turned into radioactive dust worries you. We will take care of North Korea, but right now we must concentrate on Obama’s birth certificate and Hillary’s emails.
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We have concluded that the best way to respond to North Korea’s missile launch is to talk about Hillary Clinton’s emails.
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Our attempt to stop Rocket Man by golfing frequently appears not to have worked.
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Forcing Native American WWII veterans to listen to your “Pocahontas” insults while you stand in front of an Andrew “Indian Killer” Jackson portrait is one of the key elements of making America great again.
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To-do list

• Divide society
• Suppress minorities
• Cut taxes for the top 1%
• Destroy healthcare
• Speed up climate change
• Kill net neutrality rules
• Support pedophiles
• Question First Amendment
• Attack media freedom
• Weaken consumer protections

So much winning
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• Endorse a child molester
• Golf

Busy Sunday at Mar-a-Lago
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Lying:

Jessica Drake
Summer Zervos
Rachel Crooks
Temple Taggart
Jill Harth
Natasha Stoynoff
Jessica Leeds
Cathy Heller
Kristin Anderson
Ninni Laaksonen
Mindy McGillivray
Karena Virginia
Leigh Corfman
Beverly Young Nelson
Tina Johnson

Not lying:

Roy Moore
Vladimir Putin
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Day 306

Walls: 0
Golf trips: 74
Biggest problem: LaVar
Head of Charts: Hannity
Laundry operations: Panama
Advisors: grounded
Ankle bracelets: electronic
Sponsor: Keurig
IT support: WikiLeaks
Slogan: 14 is the new 30
Full title: Commander Covfefe of Nambia

The winning never ends
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White supremacists ✔
Neo-Nazis ✔
Child molesters ✔

In 2018 the plan is to embrace drug traffickers and serial killers.
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We will sort out North Korea and help Puerto Rico, but first we must tackle the really important issues facing America today: kneeling NFL players and LaVar Ball’s ungratefulness.
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Please take moment to think about all the millionaires and billionaires who already have so much that our tax cut will not make them any happier. So sad.
……………………………………………………………………………………………………………………………………………
If we have to endorse a child molester in order to take away healthcare from the poor and to secure a tax cut for the top 0.1%, so be it.
……………………………………………………………………………………………………………………………………………
Exactly 50 days ago a gunman opened fire on concertgoers in Las Vegas, killing 58 and injuring 546. We have been very busy in doing nothing to prevent something like that from ever happening again.
……………………………………………………………………………………………………………………………………….
– Did you call the Russians?
– No
– Here are the phone records
– Oh THOSE calls
– Did you meet with Russians?
– No
– Here are the participants
– Oh THAT meeting
– Did you speak with WikiLeaks?
– No
– Here are the messages
– Oh THAT WikiLeaks

We are onto a winning strategy here.
………………………………………………………………………………………………………………………..
Let me explain you our tax plan, it is very simple:

Those who are poor or terminally ill will pay more. Those who have private jets will pay less.

Have a nice weekend.
………………………………………………………………………………………………………………………………………..
Jared Kushner? Barely remember him, a low-level volunteer staffer. I think he was just the coffee boy.
………………………………………………………………………………………………………………………………………..
Day 300

Build wall ✖
Drain swamp ✖
Release tax returns ✖
Repeal Obamacare ✖
Lock her up ✖
Rebuild infrastructure ✖
Defund sanctuary cities ✖
Label China a currency manipulator ✖
Never take a vacation as president ✖
Lift ban on elephant hunt trophies ✔

Keeping promises
…………………………………………………………………………………………………………………………………………
URGENT: MISSING PERSON

• Name: Jefferson Sessions III
• Height: 5’2″
• Weight: 125 lbs
• Age: 70
• Eyes: blue
• Hair: white
• Race: master
• Usually wears a suit or a robe
• Suffers from memory loss
…………………………………………………………………………………………………………………………………..
– No connection to Russia
– OK the ambassador called
– OK we met the ambassador
– OK there were some emails
– OK one of us visited Russia
– OK we met a Russian lawyer
– OK here are the Wikileaks messages

So. Much. Winning.
……………………………………………………………………………………………………………………………

Sending unencrypted direct messages from your personal Twitter account is the safest way of secretly colluding with foreign governments.
……………………………………………………………………………………………………………………………………..
Day 295

FBI: lying
CIA: lying
NSA: lying
Comey: lying
Clapper: lying
Hillary: lying
Obama: lying
Bush Jr: lying
Bush Sr: lying
Papadopoulos: lying
Media: lying
Democrats: lying
Corker: lying
McCain: lying
Puerto Rico: lying
Gold Star widow: lying
Putin: not lying

Winning
…………………………………………………………………………………………………………………………………….
On second thought, maybe our plan of distracting from the child sex issue by defending Putin and attacking our own intelligence agencies on Veterans Day was a bad idea.
………………………………………………………………………………………………………………………………….
Putin did not meddle in our elections. Honest guy. Our intelligence agencies lie. Happy Veterans Day.

P.S. Bone spurs not bothering anymore.
…………………………………………………………………………………………………………………………………..
Mueller must end the Russia investigation because Putin said he did not do it and the accusations make him sad.
………………………………………………………………………………………………………………………………………
Listen up, @seanhannity. Bring back the Pizzagate. Say all Roy Moore’s accusers and witnesses are lying but Democrats are running a child sex ring in the basement of a pizza place with no basement. Your audience will believe it.
……………………………………………………………………………………………………………………………………….
Updated logo by cartoonist AnnTelnaes” has been officially approved.

…………………………………………………………………………………………………………………………………..
Made a guide to help him deal with all the sexual harassment news.

Taking sides in the war between President Bannon and President Trump is like choosing between Mussolini and Hitler. A pox on both of them.

Rodger Malcolm Mitchell

Economics and a tin foil hat Wednesday, Dec 6 2017 

Image result for make america ignorant again

.

It takes only two things to keep people in chains:

The ignorance of the oppressed
and the treachery of their leaders.

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Imagine you have been feeling unusually tired, so you visit your doctor, who performs various tests.  Here is the resultant conversation:

Doctor: Based on the results of your tests, you have severe anemia. You don’t have enough healthy red blood cells.
You: What do you recommend?
Doctor: Leeches.
You: But don’t leeches remove blood. How will that help?
Doctor: If you have too many red blood cells, eventually that will cause strokes, heart attacks, embolisms, even death. Excessive red blood cells is not sustainable.
You: But I thought I had too few red blood cells, not too many. Shouldn’t I be taking iron or vitamin B-12 or something?
Doctor. Oh, no. Excessive iron eventually will cause heart attack or heart failure, diabetes mellitus, osteoporosis, hypothyroidism, and a bunch of other symptoms. And too much vitamin B-12 eventually will cause a rare form of acne. Yes, excessive iron and B-12 are not sustainable.
You: When would the adverse effects of adding iron and vitamin B-12 to my diet occur.
Doctor: It’s impossible to say.
You: So what should I do?
Doctor: Leeches.

In summary, your doctor said you have too few red blood cells, then said the usual cures — iron and B-12 — cannot be sustained and will cause many diseases, and instead suggested removing your blood cells via leeches.

Can you draw any parallels with the following excerpt, which essentially expresses the beliefs of today’s economics:

Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray
Allen Sinai, Peter R. Orszag, and Robert E. Rubin, Brookings Institute

The U.S. federal budget is on an unsustainable path. In the absence of significant policy changes, federal government deficits are expected to total around $5 trillion over the next decade.

Such deficits will cause U.S. government debt, relative to GDP, to rise significantly. Thereafter, as the baby boomers increasingly reach retirement age and claim Social Security and Medicare benefits, government deficits and debt are likely to grow even more sharply.

The scale of the nation’s projected budgetary imbalances is now so large that the risk of severe adverse consequences must be taken very seriously, although it is impossible to predict when such consequences may occur.

Let’s pause to examine exactly what a federal deficit is. A federal deficit is the difference between federal tax collections and federal spending.

Thus, a federal deficit is the net number of dollars the federal government adds to the economy, aka the “private sector.”

Dollars are the lifeblood of our economy. Our economic growth is measured in dollars. Gross Domestic Product (GDP) is our usual economic measure; it is a dollar measure.

Because GDP is a dollar measure, GDP rarely can grow while the dollar supply is falling

The graph below shows the essentially parallel paths of GDP growth vs. perhaps the most comprehensive measure of the dollar supply growth, Domestic Non-Financial Debt:

Because deficits and GDP growth go hand-in-hand, why do conventional economists argue against deficits? What are the “severe adverse consequences” to which the authors refer?

Again from the Brookings article, here is what the “science” of economics tells you:

Conventional analyses of sustained budget deficits demonstrate the negative effects of deficits on long-term economic growth.

This is what economists say, though the facts speak otherwise, as you easily can see from the above graph.

What school of thought deliberately ignores easily obtainable facts in favor of intuitive belief? No, not science. Religion.

Economics is a religion, dressed in the clothing of a science.

Under the conventional view, ongoing budget deficits decrease national saving, which reduces domestic investment and increases borrowing from abroad.

The authors make the amazing claim that adding dollars to the private sector reduces domestic investment.  How giving dollars to consumers and to businesses can reduce investment, never is explained, simply because it makes no sense, whatsoever.

. . . and increases borrowing from abroad.

Obviously, adding dollars to the private sector will not cause you or your business to borrow, so we assume the authors mean the federal government will have to borrow.

But the federal government is Monetarily Sovereign. It has the unlimited ability to create brand new dollars, ad hoc, every time it pays a creditor. It never can run short of dollars, unintentionally.

Not only does the federal government (unlike state and local governments, which are monetarily non-sovereign) not need to borrow, but indeed it does not borrow.

Those T-securities (T-bonds, T-notes, T-bills) which supposedly are evidence of borrowing, actually are evidence of accepting deposits in T-security accounts — similar to bank savings accounts.

The government issues T-securities, not to obtain those dollars it can create forever, but rather to help control interest rates, to provide safe dollar investments, and to provide a basis for the dollar being the world’s reserve currency.

The article then follows with pseudo-scientific gobbledegook, which I will try to explain:

Interest rates play a key role in how the economy adjusts. The reduction in national saving raises domestic interest rates, which dampens investment and attracts capital from abroad.

The Fed, not national saving, arbitrarily controls interest rates via the Fed funds rate. Actually, it is interest rates that increase saving rather than the other way around. Capital coming in from abroad is economically stimulative — a good thing.

The external borrowing that helps to finance the budget deficit is reflected in a larger current account deficit, creating a linkage between the budget deficit and the current account deficit.

The reduction in domestic investment (which lowers productivity growth) and the increase in the current account deficit (which requires that more of the returns from the domestic capital stock accrue to foreigners) both reduce future national income, with the loss in income steadily growing over time. 

But, wait. The authors express a concern about the “loss of future national income, ” meaning the economy will lose dollars.

But losing dollars is exactly what happens to the economy when the federal government runs a surplus. It is a federal deficit that adds dollars to the economy.

In short, conventional economists decry deficits that add dollars to the economy, while simultaneously decrying deficits they claim will subtract dollars from the economy.

This is science?

The authors of the article then go off on a magical mystery tour of what deficits will cause:

Substantial ongoing deficits may severely and adversely affect expectations and confidence, which in turn can generate a self-reinforcing negative cycle among the underlying fiscal deficit, financial markets, and the real economy:

  • As traders, investors, and creditors become increasingly concerned that the government would resort to high inflation to reduce the real value of government debt.

The common, nonsense idea is that inflation makes debt easier to pay with cheaper dollars. But so-called federal “debt” consists of T-security deposits, which the government pays off by simply transferring the dollars that exist in T-security accounts back to the checking accounts of T-security holders.

Whether, at the time of redemption, a dollar is “worth” $10 or $0.01 is completely irrelevant. Existing dollars, whatever their worth, are transferred. Period.

  • The fiscal and current account imbalances may also cause a loss of confidence among participants in foreign exchange markets and in international credit markets, as participants in those markets become alarmed not only by the ongoing budget deficits but also by related large current account deficits.

First, to clarify the gobbledegook, there may be a loss of confidence in a certain currency, but there never is a loss of confidence in “foreign exchange markets.”

Foreign exchange rates are determined by inflation, which in turn, is determined by interest rates and by product scarcity. When a nation raises its interest rates, it increases the demand for its currency. It is said to have “strengthened its currency.”

The U.S. has the financial ability to strengthen or weaken its currency at will, or simply to determine exchange rates at will.

  • The increase of interest rates, depreciation of the exchange rate, and decline in confidence can reduce stock prices and household wealth, raise the costs of financing to business, and reduce private-sector domestic spending.

Apparently, there are different levels of gobbledegook, because this last paragraph has reached a higher level yet.

“The increase of interest rates” and the “depreciation of the exchange rate” are exact opposites. The effect of increasing interest rates is to increase exchange rates. It’s like saying that increases of demand reduce prices. Total nonsense.

An increase in rates can reduce stock prices, but this does not “reduce household wealth.” Average household wealth is more associated with the total money supply (which is increased by federal deficits), and by the Gap between the rich and the rest (which is narrowed by deficit spending, especially on social programs.)

Incredibly, subsequent paragraphs exceed prevous gobbledegook standards. Here are a few of the “Henny Penny, the sky is falling” excerpts:

  • The disruptions to financial markets may impede the intermediation between lenders and borrowers
  • . . . potentially substantial increases in interest rates
  • . . . become relatively illiquid
  • . . . adversely affects the balance sheets of banks and other financial intermediaries;
  • . . . reduce business and consumer confidence
  • . . . discourage investment and real economic activity
  • . . . worsen the fiscal imbalance
  • . . . harmful impacts on the economy
  • . . . substantially magnify the costs
  • . . . asymmetries in the political difficulty of revenue increases and spending reductions

Oh, the list of problems goes on and on, and yet even a modest bit of scientific research shows these problems absolutely do not happen. How can we be so sure?

History.

Back in 1940, when the Henny Penny’s claimed the federal debt was a “ticking time bomb, the debt was $40 Billion. And every year thereafter, authors of “learned,” scientific, economics publications have used the “ticking time bomb” example or something similar, to “prove” the federal debt and deficit are “unsustainable.

Today, the federal debt has grown to $14 TRILLION, and we still are sustaining. The ticking time bomb still is ticking, and economists, having learned nothing, still write the same ridiculous articles.

Science changes because of discoveries. Read almost any science book from 100 years ago, and you will find it substantially out of date. And 100 years from now, today’s science books will be obsolete.

What does not change? Religion. The Torah, the Christian Bible, the Koran, all remain quite similar to what they were 100 years ago or 1000 years ago, with only the most minor of linguistic adjustments.

While science is based on evidence, religion is based on belief.

And that is why economics, as currently practiced, is a religion, or at best, a failed science, akin to astrology, phrenology, creationism, homeopathy and a tin foil hat.

Sadly, today, tomorrow, and in the future, you will continue to read the same anti-science about the federal debt. The religious are a stubborn people.

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

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•All we have are partial solutions; the best we can do is try.

•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 no matter how much it taxes its citizens.

•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.

•Until the 99% understand the need for federal deficits, the upper 1% will rule.

•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.

•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

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