Who gave you PTSD? (Yes, you do.)

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

============================================================================================================================================================================================================================================================

Post Traumatic Stress Disorder (PTSD) Wikipedia: A mental disorder that can develop after a person is exposed to a traumatic event, such as sexual assault, warfare, traffic collisions, or other threats on a person’s life.

Symptoms may include disturbing thoughts, feelings, or dreams related to the events, mental or physical distress to trauma-related cues, attempts to avoid trauma-related cues, alterations in how a person thinks and feels, and increased arousal.

“PTSD” usually refers to a “disorder,” but what is a “disorder” in the scheme of human behavior?

Each of us is unique. In that sense, we each have “disorders.” We each have unique beliefs, emotions, tastes, desires, fears, hatreds, and hungers.

Part of what makes each of us unique was implanted from our first days of life, and our ongoing life’s experiences continue to alter us.

We all suffer traumas. The effect on our brains depends, in part, on the traumas.

Consider children of Holocaust survivors. Many are children born in America to parents who survived Nazi death camps. These children never saw such a camp, yet they share some interesting commonality.

They tend to be more suspicious than average, and to be more negative. They tend to worry more.

Although their parents often refused to speak of the death camps, the children’s brains were affected by their parents’ moods, silences, attitudes and overall demeanor.

Now imagine what happens to a child who directly is subject to serious trauma:

This frightened, squirming child was spanked with a wooden paddle by his school teachers. He screams, “Mommy, mommy, help me.”

The little boy, perhaps in kindergarten, must have committed a “grave” offense, as little boys are wont to do. Perhaps he spoke when he was supposed to sit silently, hands folded, and no fidgeting.

Perhaps he ran when he was supposed to walk. Perhaps he took someone’s crayon. Or some other serious crime.

Surely he didn’t carry a loaded gun on the street or into a bar, endangering everyone around him. That’s for adults to do.

Never mind that little boys are, by their very nature, unable to keep still like statues. The chemicals running through their bodies force them to act – like little boys. And punishment is the “cure” for this normalcy? Really?

So for his serious crime the little boy was taught a lesson, by being hit with a wooden paddle.

And what was the lesson? When you grow up, your children should be treated harshly.

Then, when he grows up, he will treat his children harshly. That paddling was the beginning of his PTSD. And he will act harshly to his neighbors and strangers. He may shoot some of them or commit other crimes. Children who are treated harshly tend to do that by the time they become teens.

You may wonder how it’s legal for teachers to administer corporal punishment to children. Believe it or not, corporal punishment on helpless little children is legal in these states: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Wyoming.

What else do these states have in common? They are red states, populated with Very Religious people.

Very Religious people believe in the strict word of the Bible. The Bible is harsh. It authorizes the death penalty for: Murder, Adultery, Bestiality. Rape. Sodomy, Picking up sticks on the sabbath, Worshiping other gods, Witchcraft, Cursing, Kidnapping, Disobeying a parent.

And that’s just the death penalty, which can involve stoning and other forms of cruelty. The Bible contains many other harsh penalties.

By contrast, I know someone who used to drive downtown each Saturday, to feed the homeless. You could call him a “feeder.” Odds are his parents taught him to care about the less fortunate.

Many people were enraged by this. They believed these feedings encouraged people to become homeless, and that instead of rewarding the homeless with food, the homeless should be punished for their misery — jailed or chased away to somewhere (?) by the police, who should beat the homeless with batons. You could call those people “beaters.”

Odds are, the “beaters'” parents hated the unfortunate.

The irony about those Very Religious people, who voted to have teachers “educate” little children by hitting them with a stick – the irony is that they not only love the Bible, but also love Jesus, who clearly was a “feeder” and definitely not a “beater.”

Very Religious people have a form of PTSD that prevents them from seeing, caring about, or even remembering the inconsistency of loving Jesus and hating the less fortunate.

The point is this not very original idea: Children’s brains are affected by their parents, friends, and all the events in their world.

Children are not born bigots, haters or afraid. Children find these beliefs and emotions traumatic.

So, if your parents are bigots, haters or fearful, this atmosphere caused changes in your brain — a form of PTSD. You more than likely, are a bigot, a hater or fearful, though you may neither recognize it, nor understand why. Hatred and fear are communicable diseases. PTSD is communicated by circumstance, by proximity and by sensory input.

If your parents hate Jews, Catholics, gays, blacks, browns, yellows, reds, the poor, the rich, immigrants, foreigners, liberals and people who think guns really do kill people, you probably feel the same way.

None of these hatreds are normal. Children are not born with them. Hatreds are PTSD. They are mental disorders.

And that is why the mentally disordered Donald Trump, the Republican bigot-in-chief, held a rally in Patchogue, NY, just a few yards from where several Hispanic men were attacked, and one killed, by seven teenagers, in a notorious hate crime.

And thousands of mentally disordered, white, Trump followers cheered as he repeated his vow to build a wall and make Mexico pay.

Trump and the Republican Party have given America PTSD. Let us pray America can recover.

Until then, we have this: 5 Cruelest GOP policies

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

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

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

Who helped Trump and Cruz receive the most votes? You never will guess.

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

============================================================================================================================================================================================================================================================

Even many Republicans wonder how two people like Donald Trump and Ted Cruz managed to receive backing from millions.

By almost measure these two men are inferior choices for President of the United States.

One is a mean-spirited bigot, a lying con artist, with neither knowledge nor experience in international or domestic politics, and no viable ideas for growing America, or protecting those who need protection, and who repeatedly says he will deport 11 million men, women and children (in cattle cars??), build an impossible wall, and unconstitutionally bar people because they are Muslims.

The other also is mean-spirited, a hate-monger, a pariah in his own party, a man whose international solutions include carpet bombing innocent people, a man who wants to provide more benefits to the rich, while cutting benefits to the middle and poor, a xenophobe who would prevent immigrants from gaining legal status, while deporting those who are not legal (Gotcha!), repeal ACA with no plan to replace it, institute a flat tax that punishes the middle class, and shut down the government if he doesn’t get his own way.

There are no secrets about these two. Their despicable ideas are not hidden. Republican voters know them for who they are.

Yet millions of otherwise good and decent people, rather than being repulsed by these truly awful, unqualified candidates, have voted to have them occupy the most important office in the world.

How is that possible?

That time President Obama told Fox News that Republicans have their ‘own TV network’

A “Conservative,” by definition, is one who resists change. A “liberal,” by definition, is one who welcomes new ideas. (Thank you, Merriam-Webster.)

Thus, conservatives are wedded to the past, a past when bigotry and hatred were more acceptable than today. Trump’s repeated complaints about “political correctness,” are his code for any rejection of his bigotry.

If ever there was a party of “No,” righteous Republicans are it.

And here is why:

Far more than liberals, conservatives tend to hear only what they already believe. Tell a conservative something new, and you are more likely to be subject to anger and insults, than true interest.

When all they hear is the hatred, xenophobia, and bigotry of Rush Limbaugh, Sean Hannity, Michael Savage, Glenn Beck, et al, conservatives are influenced to become hateful, xenophobic bigots, and pass these characteristics on to their friends and children.

Thus, these shameful symptoms infect entire geographic areas, diseases the populace neither understands nor acknowledges.

Long after cancer, heart disease and other life-taking afflictions will be cured, the poison of hatred and intolerance will linger with us.

And that is why Trump and Cruz lead the Republican field. Good people have been poisoned by hate-mongers, who were paid by rich people.

It was not always thus for the Republicans. Dwight Eisenhower wasn’t a hateful bigot, though Richard Nixon (he of “Southern Strategy” fame) was. Ronald Reagan wasn’t. George H.W. Bush wasn’t. Even George W. Bush, as incompetent as he may have been, wasn’t as despicable as Trump or Cruz.

What changed for the Republicans? I’ll give you one name: Karl Christian Rove.

Here are a few highlights from his career:

Rove is credited with the 1994 and 1998 Texas gubernatorial victories of George W. Bush, as well as Bush’s 2000 and 2004 successful presidential campaigns. In his 2004 victory speech Bush referred to Rove as “the Architect”.

Rove has also been credited for the successful campaigns of John Ashcroft, Bill Clements, Senator John Cornyn, Governor Rick Perry, and Phil Gramm.

–In the fall of 1970, Rove used a false identity to enter the campaign office of Democrat Alan J. Dixon. He stole 1000 sheets of paper with campaign letterhead, printed fake campaign rally fliers promising “free beer, free food, girls and a good time for nothing”, and distributed them at rock concerts and homeless shelters, with the effect of disrupting Dixon’s rally.

–He was an active participant in Richard Nixon‘s 1972 Presidential campaign.

–The Washington Post reported on several training seminars for young Republicans where a co-presenter of Rove’s, Bernie Robinson, cautioned against doing the same thing he had done: rooting through opponents’ garbage cans for damaging information.

–Former Nixon White House Counsel John Dean, has been quoted as saying “it appears the Watergate prosecutors were interested in Rove’s activities in 1972, but because they had bigger fish to fry they did not aggressively investigate him.”

–In 1986, Rove helped Bill Clements become governor. In a strategy memo Rove quoted Napoleon: “The whole art of war consists in a well-reasoned and extremely circumspect defensive, followed by rapid and audacious attack.”

–The December 15, 2011 issue of The New Republic: Rove, is one of the shrewdest navigators of the political climate after the Supreme Court’s Citizens United decision . “Rove had no role in creating this new legal environment… but if Rove and his allies did not invent it, they certainly were adroit at exploiting it.

And then from: Rove’s dirty tricks: Let us count the ways:

–When Rove advised on George W. Bush’s 1994 race for governor of Texas against Democratic incumbent Ann Richards, a persistent whisper campaign in conservative East Texas wrongly suggested that Richards was a lesbian. According to Texas journalist Lou Dubose: “No one ever traced the character assassination to Rove. Yet no one doubts that Rove was behind it. It’s a process on which he holds a patent. Identify your opponent’s strength, and attack it so relentlessly that it becomes a liability. Richards was admired because she promised and delivered a ‘government that looked more like the people of the state.’ That included the appointment of blacks, Hispanics and gays and lesbians. Rove made that asset a liability.

–After John McCain thumped George W. Bush in the 2000 New Hampshire primary, with 48 percent of the vote to Bush’s 30 percent, a massive smear campaign was launched in South Carolina, a key battleground. TV attack ads from third groups and anonymous fliers circulated, variously suggesting that McCain’s experience as a prisoner of war in Vietnam left him mentally scarred with an uncontrollable temper, that his wife, Cindy, abused drugs and that he had an African-American “love child.”

–According to the investigation of Special Prosecutor Patrick Fitzgerald, Rove played a central role in the outing of undercover CIA operative Valerie Plame to columnist Robert Novak and former Time magazine reporter Matthew Cooper, in retaliation for her husband Joe Wilson’s accusation that the Bush administration falsely claimed that Saddam Hussein sought uranium in Niger.

And more recently:

Why Karl Rove Uses Dirty Tricks: They Work
Karl Rove reportedly hinted that Hillary Clinton may have brain damage from a fall—then quickly backed away. His history suggests it’s a calculated maneuver.
The Atlantic, MAY 13, 2014

“I never used that phrase,” Rove said on Fox News. True. What Rove said was, “Thirty days in the hospital? And when she reappears, she’s wearing glasses that are only for people who have traumatic brain injury? We need to know what’s up with that.”

In 2004, Joshua Green reported in The Atlantic that Texas insiders accused Rove of spreading allegations that his rival, Republican consultant John Weaver, had made a pass at a young man at a GOP event.

Green also quoted an aide to a 1994 state Supreme Court candidate in Alabama who accused Rove of having quietly insinuated that his boss was a pedophile.

The list goes on and on. Rove is a “win-at-all-costs” guy, even if the costs are the complete loss of personal decency. In Rove’s world, honesty seems to be for losers. Winners do whatever it takes, virtue be damned.

Is it any wonder then that a Trump and a Cruz emerged? The Rove philosophy has polluted the entire Republican party.

Many people are responsible for the moral death of the Republican party; the “religious” right can take a bow. But, Karl Christian Rove is one of the primary perpetrators.

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

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

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

How facts get in the way of reputation

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

============================================================================================================================================================================================================================================================

Before I go on a short vacation — the purpose of which is to demonstrate how we in the upper 10% income group are (per the Republicans) hard working “makers,” sweating and straining at a Margaritaville poolside, while you “takers” in the lower 10% income group are living in crime-ridden comfort and royalty on your $147 per month food stamps — I will leave you with a few more comments by a fake Nobel prize winner.

Paul Krugman

(Bernie) Sanders has made restoring Glass-Steagal and breaking up the big banks the be-all and end-all of his program.

That sounds good, but it’s nowhere near solving the real problems.

The core of what went wrong in 2008 was the rise of shadow banking; too big to fail was at best marginal, and as Mike Konczal notes, pushing the big banks out of shadow banking, on its own, could make the problem worse by causing the risky stuff to “migrate elsewhere, often to places where there is less regulatory infrastructure.

Funny how, soon after ideology is expressed, nasty facts get in the way:

Wells Fargo to Pay $1.2 Billion to Settle Lending Practices Claims

The Justice Department argued that Wells Fargo had lent recklessly and relied on the federal government to pick up the tab when lessees defaulted.

“The $1.2 billion settlement with Wells Fargo is the largest recovery for loan origination violations,” said Housing and Urban Development Secretary Julián Castro. “This monetary figure can never truly make up for the countless families that lost homes as a result of poor lending practices.”

Potential claims go back as far as 15 years in some cases.

And then there’s this as listed in the British Paper, the Times:

FINE
    BANK
$1.9bn –HSBC, money-laundering lapses
$1.5bn –UBS, Libor rigging
$920m –JPMorgan, trading scandal
$780m –UBS, aiding tax fraud
$667m –Standard Chartered, breaching sanctions
$619m –ING, breaching sanctions
$612m –RBS, Libor manipulation
$550m –Goldman, misleading investors
$536m –Credit Suisse, breaching sanctions
$500m –ABN Amro, breaching sanctions
$451m –Barclays, Libor manipulation

And this:

Biggest Bank Settlements
The settlement by BNP Paribas in the U.S. sanctions case for nearly $9 billion ranks among the biggest ever among banks since the early 2000s. It is the biggest-ever fine levied against a bank for violating U.S. economic sanctions.

And this:

Bank of America Offers U.S. Biggest Settlement in History Over Toxic Mortgage Loans — more than $16 billion
After months of lowball offers and heels dug in, it took only 24 hours for Bank of America to suddenly cave in to the government, agreeing to the largest single federal settlement in the history of corporate America.

Strange that those TBTF banks, while agreeing to ginormous settlements for their nefarious activities, were only “marginal” as Krugman claims.

(One can only wonder how many billions the banks would have had to pay if their misdeeds had not been “marginal.”)

But of all the nutty Krugman comments, this is my favorite:

(Breaking up the TBTF) banks could make the problem worse by causing the risky stuff to “migrate elsewhere, often to places where there is less regulatory infrastructure.

Get it? You don’t want to pass or enforce any laws against criminality, because then criminals will go where there is less regulation.

Is Krugman too thick to realize that statement could be made about every law that ever has been passed?

No, don’t be fooled by his writing. He’s no dummy. He is just so pro-Clinton, anti-Sanders, he has lost all sense of shame.

Let’s be clear: I believe Hillary is far superior to the defectives now being offered by the Republicans. She could turn out to be one of the most effective Presidents since Lyndon Johnson.

But Krugman apparently will blather any ridiculous notion, idea, or comment to support Hillary over Bernie, let the facts be damned.

My guess: There actually was a time when Krugman cared about his reputation, but that time long has passed.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

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

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

Why you soon may demand socialism

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

============================================================================================================================================================================================================================================================

How much wealth do you own? Add it up.

Add up your stocks and bonds. Count your land. Include your car(s), house(s), clothing, appliances. You own all that stuff.

How much do you own, in total? Hold that figure in your mind.

The future of the world presumably is the “Internet of Things” (IoT), where everything is interconnected. Soon you may own a self-driving car, that not only take you places, but tell your garage when you will arrive, so the garage will open for you.

It may tell your house lights to turn on, and your heat or air conditioning to come to the temperature you want.

Your refrigerator may already have told your supermarket warehouse to deliver what you need (via a drone which enters your house through a drone portal, of course). Or your 3-D printer may print your meal.

Your oven may begin to cook; your sleeping clothes and bed may become toasty warm or pleasant cool, depending on the outdoor temperature.

While you were away, your windows and carpet cleaned, your wall painting device did its thing (or the walls simply changed to the latest color), and of course your lawn was mowed, watered, fertilized and de-bugged from below by your underground machines.

Your clothes may tell your closet when your shirts need to be washed, so the closet will wash them and hang them (or destroy them and 3-D print new ones).

Everything will be connected: Your TV, your phone, your bank account, your house, car, closet, bathroom, kitchen, garden, sidewalk — everything blended into one smooth servant.

Your ownership of all that centrally connected stuff will be part of your wealth.

But what if it no longer was supported?

Google’s Nest might pay customers as compensation for shutting down their $300 smart-home devices

Nest, the smart-home company owned by Google’s holding company, Alphabet, sparked outrage this week after it announced that it was discontinuing support for a line of $300 smart-home devices that can control household features like lights and security alarms, meaning they wouldn’t work anymore.

In 2014 — just nine months after Nest was bought by Google — Nest acquired Revolv, a smart-home-device maker that built a line of hubs that could control house lights, security features, and so on. But the deal was primarily an acquihire, which means the company was bought for its talent.

Nest immediately stopped selling Revolv products, and Revolv developers were instead put to work on “Work with Nest.”

About a month ago, Revolv announced that it was shutting down its service and that Revolv products would no longer work by May.

Think of this in the future. Your self-driving car sits idle. Your automatic home no longer will heat or cool. Your automatic clothing, TV, phone, toaster, stove, refrigerator, furnace, air conditioner — all those things that yesterday may have been worth so much — all now worthless.

Revolv owner Arlo Gilbert wrote a post that kicked off the current furor. “Is the era of IoT bringing an end to the concept of ownership? Are we just buying intentionally temporary hardware?”

When everything is connected, what will you actually own? A car that won’t drive. A computer that won’t compute. A phone that won’t let you play the latest video game (horrors!)

None of this is entirely new. We already rely on the electric company, the gas company, the water company, the sewers, the streets, the food and drug stores. And though many of our more important services either are government owned or government supervised, still bad things happen.

If there is a major storm, the electricity may go out. While it’s out, all your appliances are useless. If it stays out long enough, your house may become unlivable.

Multiply by gas, water and sewage service ending and your expensive house, that center of your wealth, now is worthless.

Then multiply that by everything you own, from your interconnected shoes to your interconnected hat, all being at the mercy of some companies controlling the cloud, and what exactly is left of your wealth?

How much do you now own, in total? What was that figure you computed at the beginning of this post?

Here is my prediction: As more and more of our stuff is connected, and relies on the whims of people like Google, there will be a call for more and more government regulation, then control, then ownership.

It will become the time where private ownership disappears, and government ownership becomes the norm. The Age of Socialism.

And who will control the government? Silly question. It will be the rich.

The Internet of Things will be the pathway to the ultimate control of the populace by the rich.

From dependency, grows slavery.

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

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

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

————————————————————————————————————————————————————————————————————————————————————————————————-

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY