Why America should thank Donald Trump

Evolution is trial and error, with the errors far outnumbering the successes. Evolution does not ignore failure; evolution learns from, and relies on, failure.

The realities of today are based on what evolution “learned” from yesterday’s failures. Evolution is highly imaginative, experimenting with combinations beyond human creativity.

Witness the octopus, the sponge, the venus flycatcher, the giraffe, the elephant, and the human. Witness quantum dynamics with its entanglement that even Einstein could not fathom.

Unlike human thought, nature has no pride, sympathy, compassion, or regret, which can strain comprehension. Nature is perfectly disinterested in outcomes and perfectly neutral regarding winners and losers.

Nature singularly does not care. It is amoral.

Humans argue on two levels. One level is the logical, “Which course is objectively the best?” level. The other is the emotional, “If you are right, I have lost the argument, and I am the lesser for it” argument.

Nature does not argue. It tries whatever comes along. Facts, not fiction, have all the power.

Before the Vietnam war, America’s leaders warned that if they placed American lives at risk, the loss of those first lives would prevent the war from ending. There would become, in American minds, the feeling of investment (“We can’t let all those boys die for nothing” syndrome).

It is a feeling that demands a further investment of lives lest the original investment be considered wasted.

And so it was.

The war, based on a lie, eventually cost too much, and after brutal losses, we surrendered. So many lives were wasted; so many were lost. We didn’t learn.

Thus, came Iraq and Afghanistan. The feeling of running on a treadmill toward hell permeated America. We no longer were invincible. We no longer were special. Someone was to blame for our depressed state. They had to pay.

America as the Shining City Upon a Hill – The Comparative Literature Undergraduate Journal
American exceptionalism

And so . . .

Donald Trump was inevitable. He came at the right time. America had come to doubt our own myths.

We had believed in, then doubted, American exceptionalism.

While Germans and Japanese could be hypnotized by promises of returning to an earlier, imaginary time of greatness, Americans felt immune to that fancy.

We were too clever. Too realistic. Too self-reliant, yet mutually reliant.

We had won World War II. We became the wealthiest, most powerful nation on earth. We were cowboys on white horses in a world of savages. We were the best of everything, the “shining city upon a hill.”

We had a Constitution written by gods, a Supreme Court populated by ideals and truth, and a political system that was fair and strong. Because we had withstood the test of a mere two centuries, we thought we would stand forever.

Now, suddenly, Vietnam, Iraq, and Afghanistan showed us we were mere humans, neither better nor worse than the “power-mad” Germans, the “crazed” Japanese, and the “cowardly” Italians.

A vast gulf opened in our national psyche. And into that void stepped Donald Trump, who promised us he would “Make America Great Again.”

He never said how. He had no plan at all. But his very saying of it brought comfort to the most frightened and angriest among us.

This weak, draft-dodging, lying, cheating, semi-literate chiseler promised us whatever we wanted. What we wanted most was to believe.

By any scientific measure, Donald Trump is a psychopath. He passes all objective measures of that term. (See “A Psychopath Slipped Into The White House“) and “Is your favorite candidate a psychopath? How to tell.”

The Hare Test for psychopathy has 20 criteria. Trump meets all twenty, as did Hitler and Mussolini.

Trump proved that Americans, as a group, are not a superior breed. We simply are people with all the weaknesses and warts of other people. It was a profoundly disappointing lesson.

We prospered in power and wealth because of circumstance and geography, not any inherent preeminence, the absence of which should be evident to any thinking person.

Trump demonstrated that within every population, there are groups of aggrieved, anti-social, resentful, angry people, who blame their own shortcomings on others, and who welcome a leader telling them, “It’s not your fault. It’s someone else’s fault. I will protect you. I will lead you to the greatness you deserve.”

In America today, those people comprise what is known as the MAGA group. Trump is their god, and their religion is whatever Trump says it is.

They dare not admit his weaknesses for fear it will weaken them.

Present them with a fact that is adverse to their god, and their belief only strengthens.

So when the FBI discovered Trump had stolen dozens of classified documents belonging not to him but to the government, he immediately produced dozens of lies and excuses.

His followers fervently supported all of them, though many were self-contradicting.

The other Trump followers are the opportunists.

They know Trump is a liar, psychopath, and traitor, but they see in him a path to their own advancement.

This is the Republican party.

The GOP is not oblivious to facts.

They know the facts.

But they don’t let facts stand in their immoral path to power.

If you have been astounded that the revelation of Trump’s misdeeds has had little effect on his followers, it simply is because they already know what he is but don’t wish to care.

The enemy of my enemy is my friend, and for Trump followers the enemy is reality.

Now Trump has done us the favor of exposing our weaknesses. He exposed the electoral college system, with its patently undemocratic system. Rather than using the popular vote as a basis, it gives excessive power to chosen “electors.”

Our founders created the system as a sop to the rich and to thinly populated states to encourage them to join the union. It has proved to be an expensive gift.

Escaping a dictatorship by an eyelash and benefitting from the patriotism of a few, America and its electoral college did not replace an elected President with an unelected rogue.

The Senate is another undemocratic organization, with its rules allowing 2 people to represent each state. So you have California’s 40 million people owning an equal vote with the half million people of Wyoming.

Democracy lies in tatters.

Trump exposed the power of the mob, the mindless elation one feels upon being part of a cheering, stomping, screaming mob.

Think of Hitler preaching to his Nazis. Think of the thrill of being in a packed football stadium when the home team scores. Think of the group’s anger at a bad call by the officials.

Why the thrill and why the anger? Objectively, these should have been mere observations, not highly emotional events. But we are humans, and we feel each other’s passions. This is MAGA.

It’s difficult to express how close America has come to disaster and how close we remain. Trump remains. The MAGA;s remain.

And though some GOP rats have begun to flee the sinking Trump ship, most remain, with their surface loyalty (for they have no real loyalties) given to Trump rather than to America.

We cannot blame the MAGAs. They are just people, not necessarily evil, but more aptly described as weak and frightened.

You cannot logic them out of their dread. They are people who, rather than loving America, fear Americans. They need a leader who will stand between them and the poor, the blacks, the Muslims, the immigrants et al whom they fear.

Have you noticed that the white supremacist, fascist, coup mob carried American flags? Many, many American flags. They display flags on cars, trucks, shirts, tweets, at Trump rallies, and in the rioters’ hands as weapons.

Presumably, they feel the urgent need to prove to themselves, their fellows, and the nation that they are patriots.

The superabundance of American flags can be interpreted as  “Thou dost protest too much” signs, for these people are not patriots. They hate America, or at least, they hate their perception of America.

They may be the least patriotic people on the planet. They long for an America that never was, an America where they are admired, respected, and important.

If there is one word that can encompass the mood of Trump followers, it would be “angry.” They are angry at the poor for receiving help. They are angry at the rich for looking down. They are angry at the middle-class for their perceived comfort. They are angry at their own failures.

For many, the anger that has taken over their lives can be ameliorated only by angry words from Donald Trump.

Like a religious leader, Trump provides hope for the forlorn, power for the weak, retribution for the aggrieved, joy for the depressed, and the lifting of spirits for the self-perceived downtrodden.

They are addicted to him. Take away an addict’s drugs and he will lash out at you. His logical mind knows the drug is bad, but his emotional mind doesn’t care.

That is which is why MAGA anger becomes violent should anyone express disagreement with even Trump’s most outrageous lies.

Reason doesn’t work on addicts. And now, like the citizens of Germany, Russia, China, and many other dictatorships, we have seen insanity here, in the shining city.

So thank you Donald Trump for showing us hell before we actually stepped into that black hole. Now, if only we are wise enough to have learned that lesson and can quietly back away.

If only.

Rodger Mitchell

 

MONETARY SOVEREIGNTY

There is a much bigger lie than “Trump won the election.”

The lie that the election was stolen from Donald Trump is pretty big. Still, it’s a lie that was started by “30,000+ Lies Trump,” promulgated by Fox News, QAnon, and other lying sites, and is believed only by the increasingly ignorant and twisted MAGA crowd.

By contrast, there is a really, really BIG LIE that began at least in 1940 or earlier, a lie promulgated by virtually every news medium, politician, and economist in America, and a lie that is believed by possibly 99% of everyone.

We refer to the BIG LIE that:

  1. Federal financing is like personal, business, and state/local financing
  2. The federal government can run short of dollars.
  3. Your federal taxes fund federal spending.

One of the prominent purveyors of that BIG LIE is the Committee for a Responsible Federal Budget (CRFB). The lies which we have quoted many times on this site.

Here is what they say now on their own site:

Why High and Rising National Debt is a Problem

High and rising national debt will threaten economic growth and the standard of living for all Americans. High debt will slow the growth of the economy and wages.

As debt rises, higher interest payments will crowd out important investments in areas like education, infrastructure, and research that can help grow the economy.

Getting the debt under control once the crisis is over will be very beneficial for generations to come, from higher wages to increased investment to lower borrowing costs for families and businesses.

The Congressional Budget Office predicts that the economy will grow faster with debt on a declining path as opposed to a rising one.

Every single sentence in the above quote is a CFRB lie, with the possible exception of the last one. That one, if true, would be a Congressional Budget Office lie.

Let’s go through the lies, point by point.

“High and rising national debt will threaten economic growth” and “slow the growth of the economy.”

Wrong: Economic growth generally parallels federal deficit spending (aka “national debt,” except during recessions when debt increases to cure the recession.

The reason for the parallel is quite simple. Federal deficit spending adds dollars to the economy, and dollar growth yields economic growth. A growing economy requires a growing supply of dollars.

As federal debt (red) rises, Gross Domestic Product (blue) rises.

And as for the national debt “slowing the growth of wages,” it simply isn’t true. It’s just a part of the Big Lie.

Wage growth generally parallels federal deficit spending growth.

Adding dollars to the economy doesn’t slow the growth of the economy or of wages. Instead, federal debt growth stimulates economic growth.

Moving on to the next LIE: 

“As debt rises, higher interest payments will crowd out important investments in areas like education, infrastructure, and research that can help grow the economy.”

Translation: The federal government has only a limited amount of money, so spending on interest payments reduces the amount the government can spend on other things.

This lie assumes the federal government is like you and me, businesses, and state/local governments. It isn’t. The federal government uniquely is Monetarily Sovereign. A Monetarily Sovereign entity has the unlimited ability to create its own sovereign currency. It never unintentionally can run short.

Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency.”

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.”

Quote from former Fed Chairman Ben Bernanke when he was on 60 Minutes:
Scott Pelley: Is that tax money that the Fed is spending?
Ben Bernanke: It’s not tax money… We simply use the computer to mark up the size of the account.

Statement from the St. Louis Fed:
“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.”

Press Conference: Mario Draghi, President of the Monetarily Sovereign ECB
Question: I am wondering: can the ECB ever run out of money?
Mario Draghi: Technically, no. We cannot run out of money.

Not only do federal interest payments not “crowd out” other investments, but by adding dollars to the economy, federal interest payment increase the private sector’s ability to invest in “education, infrastructure, and research that can help grow the economy.”

Now for the next lie:

“Getting the debt under control once the crisis is over will be very beneficial for generations to come, from higher wages to increased investment to lower borrowing costs for families and businesses.”

Translation: “Getting the debt under control” requires reducing the federal debt or at least reducing the size of deficits. Here is what happens when we reduce the federal debt:

U.S. depressions tend to come on the heels of federal surpluses.

1804-1812: U. S. Federal Debt reduced 48%. Depression began 1807.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.
1997-2001: U. S. Federal Debt reduced 15%. Recession began 2001.

Here is what happens when we reduce the federal deficit:

Each recession was preceded by reductions in federal deficit growth. Recessions are marked by vertical gray bars.

The only part of the CRFB’s statement that sometimes can approximate fact is: “. . . lower borrowing costs for families and businesses.”

The CRFB is confusing interest paid with interest rates. Although increased federal debt will increase total federal interest paid, it does not equal interest rates.

It is a rise in interest rates that increases borrowing costs.

There is no relationship between changes in federal debt (red) and interest rates (blue).

Interest rates do not just happen. They are set arbitrarily by the Federal Reserve.

The peaks and valleys do not match. In fact, a case might be made for an inverse relationship.

We’ll end with the final lie, this one supposedly from the CBO:

The Congressional Budget Office predicts that the economy will grow faster with debt on a declining path as opposed to a rising one.

Translation: “Debt on a declining path” requires federal surpluses. But we already have seen that federal surpluses beget depressions. The statement attributed to the CBO is diametrically wrong.

IN SUMMARY

The claim that Donald Trump won the most recent Presidential election is a big lie. Still, it pales compared to the really BIG LIE that has affected us since at least 1940, and probably before: The lie that federal deficits and debt should be reduced.

The BIG LIE is not promulgated by ignorance. It has a purpose, which is to widen the income/wealth/power Gap between the rich and the rest. If there were no Gap, no one would be rich. We all would be the same. The wider the Gap, the richer are the rich.

So the rich who run America try to widen the Gap by convincing the public that the federal government can’t afford to give them benefits (the same benefits the rich already receive.)

It’s the ultimate con job. It’s the BIG LIE.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

MONETARY SOVEREIGNTY

The photo that finally will put Trump in jail.

Employing illegal aliens to build his casinos, then cheating them out of their wages didn’t do it.

Groping women didn’t do it. Consorting with whores didn’t do it. Cheating on three wives didn’t do it.

Blackmailing Ukraine didn’t do it. Secret meetings to support Putin and to gain Putin’s support didn’t do it. Love letters to Kim didn’t do it.

More than 35,000 lies didn’t do it. Repeatedly taking the 5th Amendment after saying that taking the 5th was for criminals didn’t do it.

Insulting gold-star parents didn’t do it. Saying soldiers who died for their country were “suckers” didn’t do it.

Equating fascist and anti-semites with people who oppose fascists and anti-semites didn’t do it

Spreading lies and bigotry about Mexicans, Blacks, Muslims, gays, and pregnant women didn’t do it.

First denying COVID, the delaying response so that hundreds of thousand of Americans unnecessarily died

 

Cheating on his income taxes didn’t do it.

Running a fraudulent “university” to cheat thousand of students didn’t do it.

Running a fraudulent foundation didn’t do it.

Paying $25 million in fines for his criminality didn’t do it.

Fifty failed lawsuits to overturn the election didn’t do it. Threatening and pleading with state government officials to take illegal actions to steal the election didn’t do it. Saying that Vice President Pence deserved to be hung didn’t do it.

Consorting with, and hiring, dozens of criminals, didn’t do it.

Planning and encouraging a coup against the American government didn’t do it. Refusal to halt the insurrection didn’t do it. Telling the Proud Boys and other traitors, “We love you” didn’t do it.

Continuing to this day, spreading lies about the stolen election didn’t do it.

Encouraging the ouster of good Republicans simply because they told the truth didn’t do it.

Being ousted from social media for lying didn’t do it.

Trying to take healthcare insurance from the poor didn’t do it. Giving tax breaks to the rich didn’t do it.

Being an ineffective President who spent most of his time playing golf and tweeting insults didn’t do it.

None of those things turned a cowardly, immoral, compliant GOP against Trump.

But this picture finally will put him in jail, though the GOP only will turn against him, not for ethical or occupational reasons, but for a political reason: He will lose elections and go to jail.

And this picture of illegally held classified documents, found at Mar-a-Lago will put him there:

This image has an empty alt attribute; its file name is image-13.png

Rodger Malcolm Mitchell
Monetary Sovereignty

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

The fairness issue of federal spending.

Situation #1: I am a wealthy man. From my own pocket, I unexpectedly hand you $10,000, with no strings attached. Would you be pleased or angry? Would that gift be fair? Situation #2: I am a wealthy man. From my own pocket, I unexpectedly hand you $10,000, with no strings attached. I also give some people $20,000 and to others, I give $0. Would you be pleased or angry? Would that gift be fair? Situation #3. I am a wealthy, new charity called “Student Help And Payment of Expenses” (SHAPE). You and millions of others give to SHAPE, which provides aid to many people for many purposes. This year SHAPE has begun to offer financial assistance to college students based on their income, grades, and other criteria. You qualify based on one criterion, so SHAPE gives you $10,000. SHAPE gives people who qualify on two criteria $20,000, and to those who do not qualify on any criteria, it gives $0. Would you be pleased or angry? Would that gift be fair? Think about your answers before reading further.
Granderson was the 2009 winner of the GLAAD Award for online journalism and was nominated for the award again in 2010. He received a GLAAD Award in 2022 for his ABC News podcast, Life Out Loud with LZ Granderson

Is Biden’s student debt forgiveness plan fair? LZ Granderson, Los Angeles Times 8/30/2022

What is fair?

That is the question of the hour, as politicians and everyday Americans on both sides of the aisle debate the pros and cons of President Joe Biden’s plan to forgive student loan debt.

Is it fair to those who didn’t go to college? Is it fair to those who “did the right thing’ and paid off their loans? In short: Is it fair to me?

Take this short “fairness perception” test. Each question has two answers. One answer is your opinion about “fair” or “unfair.” The other answer is whether you are angry about it. For example, you might feel something is unfair, but it doesn’t anger you. Yes or no, is it fair or unfair, and in either case, does it anger you that: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FAIR               ANGERS ME
  1. You pay more federal tax than Donald Trump?
  2. You pay less tax than some people who are poorer than you?
  3. You do not receive food stamps?
  4. You do not receive rent assistance?
  5. You drive a more expensive car than do some other people?
  6. You can afford a less expensive house than can some other people?
  7. You have more money than some people? (Yours was inherited.)
  8. You have less money than some people who inherited money?
  9. Older people receive Social Security, but though many people pay FICA taxes, most do not yet qualify”?
  10. The qualifying age for Medicare has been raised?
  11. Medicare doesn’t pay for some medicines and procedures?
  12. You paid for your college education, but some people receive scholarships?
Depending on your financial situation, your compassion, and your personal standards, your answers will be individual to you. I personally find the answers to questions #1, 9, 10, and 11, to be anger-provoking and unfair. How about you? Why? My anger mostly comes from the fact that federal taxes do not pay for federal benefits, and the federal government has infinite money but lies about it.
[Your taxes are paid from the M1 money supply measure–bank checking accounts. When the federal government receives those dollars, they no longer are counted in any money supply measure, because the government has infinite dollars. Effectively, your federal tax dollars are destroyed. By contrast, your state/local tax dollars go into private sector banks and remain in the M1 money supply measure. They are not destroyed.]

The White House says the average cost is $24 billion a year.

Considering we’re already nearly $31 trillion in debt and Jerome Powell, the Federal Reserve chairman, recently indicated that efforts to reduce inflation could bring “some pain to households and businesses,” asking how are we going to pay for this is a pressing question.

As readers of this blog know, “we” don’t pay for federal spending, although “we” do pay for state/local government spending and for private charity spending. The difference is the federal government is Monetarily Sovereign while state/local governments are monetarily non-sovereign. The federal government collects taxes but does not spend them; it destroys them. The state/local governments collect taxes and spend them.

But to me, the most important question is actually who is going to pay for this? As in, who pays for what society needs to remain whole and healthy and who pays when it falls short?

Anyway, my buddy Neil never had any children but for more than 40 years he has had a portion of his tax dollars pay for services he does not use, like public schools.

Now, is that fair to Neil and other taxpayers without children? Or is paying for education for the next generation necessary to be part of a healthy society?

A society where someone in Arizona can see Kentuckians struggling in the wake of devastating floods and be thankful the Federal Emergency Management Agency is there to help those people — as opposed to being resentful that no disaster requires FEMA aid in Arizona?

Those are good questions, though the author demonstrates he does not understand the differences between monetarily non-sovereign state/local financing (the public school question) vs. federal financing (the FEMA question). Taxpayers fund the former but do not fund the latter.

The answer to “who is going to pay for this?” is always “we are” — whether on the front end by addressing issues as a society or paying for the more expensive fallout from ignoring our problems.

Time and time again, we are forced to face the reality that we are all in this together.

Certainly the expected cost of $300 billion for Biden’s loan forgiveness plan is significant. But what of the effect of having 45 million borrowers grappling with $1.6 trillion in student loan debt? What of the societal and fiscal cost of those millions of Americans stymied in their futures?

Because no taxpayer pays a penny for federal loan forgiveness, the cost is not the issue. The issue is fairness and the fact that we are all in this together and that America needs educated people. The federal government, which costs you nothing, pays many different benefits to millions of different people. You personally receive only a tiny fraction of those benefits. Is that fair? Does it anger you?

But we don’t think like that, we don’t vote like that and we don’t govern like that. That is why history is replete with billions spent on fixing problems that would have taken millions to prevent. Look no further than the homelessness crisis, which used to be “someone else’s problem” until it wasn’t.

Much has been made about the likes of Rep. Marjorie Taylor Greene, R-Ga., and the other Republicans who have rabidly denounced student loan cancellations.

The irony is that the GOP aids the rich while appealing to the angry envy of the poor, who are not informed enough to understand how the GOP cheats them.

Turns out, they had their own far larger Paycheck Protection Program loans forgiven.

We know they have no shame and their supporters are not deterred by their blatant hypocrisy. And that’s how it has always been.

But for people genuinely asking about fairness or economic impact, there are issues to consider. If postsecondary education is the route to the middle class, is not college debt a sign of someone trying to pull themselves up?

That is the real point. Education is vital for the success of America. That is why our founders mandated free education for all children. Today, it is a given that all children be afforded grades K -12 (though some parents opt to pay for private schools or homeschooling). But what once was considered an advanced education — a high school diploma — today, we believe college+ to be advanced.

Sure, we can find examples like Republican Texas Sen. Ted Cruz’s hypothetical slacker barista, who game the system, but we can also point to examples of businessmen who repeatedly file for bankruptcy and still get loans — but that doesn’t mean it’s the norm.

It also doesn’t mean that supporting college is unnecessary for America, especially since nations advance not by the high schoolers but by the college-educated. College is the accurate measure of a first-world country.

I was one of those individuals who graduated from college with student loan debt and went to bed hungry at times because of it. And when I was able to pay it off, I was happy.

And I’m happy a portion of my tax dollars may go to relieve someone of that burden.

Author Granderson, it should make you even happier to learn that not one penny of your tax dollars relieves anyone of anything. Although, that may make you angry that you are forced to pay tax dollars the Treasury destroys upon receipt.

Right now, millions of Americans, including the very poor, are drowning in student debt.

I see this very much like a FEMA moment, and I’m thankful government is stepping up to help. Call me crazy but isn’t assisting those in need a principle of fairness as well? ____ LZ Granderson is an Op-Ed columnist for the Los Angeles Times.

Mr. Granderson’s article is an excellent example of American patriotism. Unlike the flag-wavers who attacked Congress and the traitors who still defend it, Granderson is a true American. He understands what “love-of-country” really means. I only wish he understood Monetary Sovereignty. Rodger Malcolm Mitchell Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell

MONETARY SOVEREIGNTY