–Political secret: How the Republicans really do cooperate with the Democrats Friday, May 31 2013 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
=====================================================================

Monetary Sovereignty What about the IRS scandal?

Monetary Sovereignty OUTRAGEOUS! LAWS HAVE BEEN BROKEN!! HEADS MUST ROLL!! THESE PEOPLE MUST BE SENT TO JAIL!! SHOW NO MERCY, OR THEY’LL JUST KEEP DOING IT!!

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

Monetary Sovereignty What about the spying-on-the-media scandal?

Monetary Sovereignty OUTRAGEOUS! LAWS HAVE BEEN BROKEN!! HEADS MUST ROLL!! THESE PEOPLE MUST BE SENT TO JAIL!! SHOW NO MERCY, OR THEY’LL JUST KEEP DOING IT!!

————————————————————————————————————————————

Monetary Sovereignty What about the Benghazi scandal?

Monetary Sovereignty OUTRAGEOUS! LAWS HAVE BEEN BROKEN!! HEADS MUST ROLL!! THESE PEOPLE MUST BE SENT TO JAIL!! SHOW NO MERCY, OR THEY’LL JUST KEEP DOING IT!!

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

Monetary Sovereignty What about the first family’s “expensive-trips-all-over-the-world” scandal?

Monetary Sovereignty OUTRAGEOUS! LAWS HAVE BEEN BROKEN!! HEADS MUST ROLL!! THESE PEOPLE MUST BE SENT TO JAIL!! SHOW NO MERCY, OR THEY’LL JUST KEEP DOING IT!!

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

Monetary Sovereignty What about the “rich criminal-bankers not going to jail” scandal?

Monetary Sovereignty uh. er, ah. well . . . rich bankers . . . uh. . . see it’s like this. . . uh, criminal . . .

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

Monetary Sovereignty Uh, where’s your proof? Anyway, let’s not be too hasty. These rich bankers have wives and children

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

Monetary Sovereignty And these rich bankers have employees, who have families

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

Monetary Sovereignty And these rich bankers have shareholders, who have families

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

Monetary Sovereignty And these rich bankers have given us big political contributions, and promised lucrative employment for our our wives, our children and us

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

Monetary Sovereignty At long last, can’t we show a little compassion?

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

Monetary Sovereignty I told Boehner the same thing I told what’s-his-name, you know. The Attorney General. I said “Lay off the rich people.”

Boehner agreed. What’s-his-name, the Attorney General, also agreed.

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

Monetary Sovereignty Yep. That’s me, and I agree. I do agree. I do. I do. I do.

Why not? It’s bipartisan.

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

Rodger Malcolm Mitchell
Monetary Sovereignty

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

Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%

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

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

 

–How to bribe the President, in 3 easy steps. Thursday, May 30 2013 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.

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

Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City (housing the best economics department in America, if not the world), wrote the following article for Naked Capitalism: How Dare DOJ Insult HSBC’s Crooks as Less “Professional” than Liberty Reserve’s Crooks?

As usual, with Bill’s articles, he details the utter criminality of the “too-big-to-fail” banks and their “too-big-to-jail” leaders.

For example:

I described in a prior article how HSBC hit the money launderer’s trifecta.

1. Laundered billions of dollars for some of the most murderous drug gangs in the world. These gangs have murdered many thousands of Mexicans and devastated much of the nation.

2. Aided Iranian entities to evade U.S. financial sanctions on Iran. If Iran is actually developing a nuclear weapon and if it uses such a weapon to attack it could kill tens of thousands of people and HSBC and Standard Chartered will likely have proven useful to Iran in developing the weapon.

3. Aided Hamas, Hezbollah, and al Qaeda to evade U.S. financial sanctions. The U.S. considers them terrorist organizations.

Bill compares Liberty Reserve, the accused money-launderer, with the big banks (just as we did in “Apparently they didn’t contribute enough to the Obama campaign.”)

And, just as we often have, Bill complains about the Obama adminsitration’s willingness to jail comparative small fry like Liberty Reserve, but reluctance to go after the big crooks.

And as usual, Bill tells a compelling story, but fails to tell WHY the government won’t jail the banksters.

The answer, as we have been telling you for years is: Barack Obama has been bribed by the upper .1% income people to govern for their benefit.

When I ask MMTers why they refuse to use the “B” (bribed) word, they tell me there is no evidence of bribery. (To these innocent souls, bribery looks like a fat envelope, surreptitiously slipped into the desk drawer of a cigar-chomping politician.)

Sorry, MMT, that is not how you bribe the President of the United States. Little, dumb Chicago aldermen get caught that way, but big-time, national politicians use a different system — a system they have made legit — a system endorsed by the Supreme Court of the United States.

Here’s Easy Step 1. Campaign contributions.

Chicago Tribune
Obama returns to Chicago for fundraising pitch
By John Byrne and Kim Geiger, May 30, 2013

At the Hilton, about 100 supporters were on hand at a reception where tickets started at $1,000 each and topped out at $5,000 for two tickets and a photo.

From there, Obama headed to the Streeterville home of longtime supporters Bettylu and Paul Saltzman. Tickets there ran from $10,000 for dinner and photo to $50,000 for a table, photo and preferred seating.

When you read a number like $50,000 for a table, photo and preferred seating, you have to believe one of two things: Either rich people don’t care about money, or they want something special done.

My acquaintance with rich people tells me the former never is true, while the later always is true. For instance:

Penny Pritzker nominated for Commerce secretary
May 02, 2013|By Christi Parsons, Melissa Harris and Katherine Skiba | Tribune staff

Chicago business executive Penny Pritzker was nominated by President Barack Obama to become the new Secretary of Commerce on Thursday, in an expected move that could prove controversial for the longtime political supporter and fundraising heavyweight.

Her nomination, which still needs Senate confirmation, also could bring up questions about the failure of a bank partly owned by her family.

(She) was Obama’s national finance chair in his first campaign for the White House and co-chair of his reelection campaign.

Billionaire Penny Pritzker is Obama’s big money. She also is Chicago’s big money. No expensive deals are done in Chicago without her knowledge and/or involvement.

Another Chicago Tribune article said:

A 61-page report carrying the seal of the Treasury’s inspector general, chronicles the 2001 failure of Pritzker’s Superior Bank after Pritzker and her family expanded subprime lending there and did pioneering work with the kind of mortgage-backed securitization that would eventually spread and help spark the worst recession since the Great Depression.

When it closed, Superior was one of the nation’s largest bank failures in a decade. Throughout the 1990s, Superior had reported rising profits that allowed it to distribute about $200 million in dividends to shareholders, specifically the Pritzkers.

Clint Krislov, a Chicago attorney who represented depositors in both the state lawsuit and a federal one against the bank and Penny Pritzker accused her family of improperly taking those dividends based on an over-valuation of the bank’s assets. “No one else appears to have taken a crashed bank and crashed it again and kept $200 million in profits,” said Krislov.

Fear not. The Department of Justice won’t investigate Barack Obama’s cash machine.

Next easy step: If campaign contributions are easy step 1 in bribing a President, what is easy step 2? Lucrative work afterward.

Bill Clinton’s $106M speech circuit windfall
By Robert Yoon CNN Political Research Director, May 23, 2013

According to a CNN analysis of 12 years of federal financial records, former President Bill Clinton had his most active and profitable year on the lecture circuit in 2012, delivering 73 speeches for $17 million from mid-January 2012 through mid-January 2013.

That brought his total haul in speaking fees since leaving the White House to $106 million.

That’s an average of $233,000 per speech. The upper .1% run the charities and the other groups that are ready, willing and able to hire Bill Clinton and give him that obscene amount of payback.

The crown jewel of Clinton’s administration was his federal surplus, which caused the recession immediately following his exit from office. Recessions widen the gap by hurting the 99.9% far more than the .1%.

Bill did his job, well, and he has been rewarded well.

Then, there is the 3rd easy step in bribing a President. Take care of the family:

Chelsea Clinton was an assistant vice provost at NYU. She’s also a special correspondent at NBC News.

Chelsea might have great qualifications to be “assistant vice provost” (whatever that is) at New York University. And she may be a top notch “special correspondent” (whatever that is) at NBC News.

And maybe paying off her father for his services rendered, had nothing to do with her getting those jobs.

But watch for Michelle, Malia and Sasha to get extremely pleasant and lucrative jobs, when Barack leaves office.

In summary, bribing the President is a 3 (easy) step procedure:
1. Political contributions, while he’s in office.
2. Lucrative jobs for him when he leaves office.
3. Take care of the family.

That is the gentlemen’s agreement between the .1% and the President. They know it. He knows it. And to get along, he goes along.

How? Here’s just one of many, many examples. Tax breaks.

Los Angeles Times
Tax breaks benefit rich households the most, report says
By Lisa Mascaro, Washington Bureau, May 29, 2013

The nonpartisan Congressional Budget Office found that the top 10 major tax breaks “are distributed unevenly across the income scale,” with the top 1% of households — those who make more than $450,000 a year — receiving more than 17% of the savings in 2013.

The top tax breaks include the mortgage-interest deduction, the low rate on dividends and capital gains, breaks for charitable giving and the tax-free status of employer-sponsored healthcare plans.

Almost 70% of the benefit of the lower tax rate for capital gains and dividends is going to households in the top percentile.

The tax code is skewed to favor the rich. That is why taxes on payroll income are levied at a higher rate than taxes on capital gains. And that is why businessescan deduct for business expenses, but families cannot deduct for family expenses.

There you have it. Three simple steps in the bribing of a President. No envelope slipped into a desk drawer. The money is way too big for an envelope.

Greedy Presidents are well aware of the established quid pro quo: “Mr. President, you take care of us now, and we’ll take care of you later.”

And it’s all legit. The lawmakers, i.e. the bribed, passed the laws that make taking bribes O.K.

Easy.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%

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

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

#MONETARY SOVEREIGNTY

–Are poor people really as stupid as they vote? PART II Wednesday, May 29 2013 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.

=====================================================================
In PART I, we mentioned many of the benefits poor people lose in Republican-dominated states. And we wondered why people so resolutely would vote against their own best interests.

In today’s post, we’ll focus on Medicaid, and quote a few passages from an article in the New York Times:

States’ Policies on Health Care Exclude Some of the Poorest
By ROBERT PEAR, Published: May 24, 2013

WASHINGTON — The refusal by about half the states to expand Medicaid will leave millions of poor people ineligible for government-subsidized health insurance under President Obama’s health care law even as many others with higher incomes receive federal subsidies to buy insurance.

But those options will be unavailable to some of the neediest people in states like Texas, Florida, Kansas, Alabama, Louisiana, Mississippi and Georgia, which are refusing to expand Medicaid.

Not only are these Republican-dominated states exhibiting a cruelty beyond anything I would have thought possible, but they actually are cutting their own noses to do it.

You see, the refusal to expand Medicaid has nothing to do with cost. The Federal government will pay the entire cost for three years, and after the first three years, the government’s contribution toward states’ Medicaid costs will gradually decrease to 90 percent in 2020.

Even after 2020, the federal government’s 90% payments will continue to enrich each state, making Medicaid expansion a financial gold mine for those states accepting it.

Refusal to expand Medicaid is 100% mean-spirited politics, by a party that has grown so callous and uncaring for its own constituents, it is willing to sacrifice the health of millions in a futile effort to “defeat” Obama.

So the question becomes: Who voted for these cold-hearted people? The answer: The middle class and the poor have by far, the most votes, and without their votes, no politician could win. By voting as the 1% tell them, the 99% commit economic and physical suicide.

Here are the 10 most impoverished states, according to the Huff Post.

1. Mississippi, Median income: $36,850, Poverty rate: 21.3% (the highest), Without health insurance: 18.7% (8th highest), Unemployment rate: 10.4% (7th highest)

2. Arkansas, Median income: $38,600, Poverty rate: 16.5% (8th highest), Without health insurance: 18.5% (9th highest), Unemployment rate: 8.2% (25th highest)

3. Tennessee, Median income: $40,026, Poverty rate: 16.1% (11th highest),
Without health insurance: 14.7% (20th highest), Unemployment rate: 9.8% (11th highest)

4. West Virginia, Median income: $40,824, Poverty rate: 15.7% (12th highest), Without health insurance: 13.9% (25th highest), Unemployment rate: 8.1% (tied for 24th lowest)

5. Louisiana, Median income: $41,896 , Poverty rate: 18% (4th highest), Without health insurance: 18% (11th highest), Unemployment rate: 7.6% (17th lowest)

6. Montana, Median income: $42,005, Poverty rate: 13.4% (24th highest), Without health insurance: 16.3% (16th highest), Unemployment rate: 7.7% (18th lowest)

7. South Carolina, Median income: $42,059, Poverty rate: 14.9% (16th highest), Without health insurance: 17.6% (12th highest), Unemployment rate: 10.9% (4th highest)

8. Kentucky, Median income: $42,091, Poverty rate: 17.3% (6th highest), Without health insurance: 15.5% (18th highest), Unemployment rate: 9.5% (13th highest),

9. Alabama, Median income: $42,218, Poverty rate: 16.1% (tied for 9th highest), Without health insurance: 14.4% (21st highest), Unemployment rate: 10.0% (10th highest)

10. North Carolina, Median income: $43,275, Poverty rate: 16.1% (tied for 9th highest), Without health insurance: 16.7% (13th highest), Unemployment: 10.1% (9th highest)

Every one of these states is Republican dominated. Why? Because the 99% put Republicans into office.

And then there’s Texas, with its huge, impoverished population. It too is Republican-dominated, also because its middle and poor voted Republican.

The National Memo

Unfortunately, millions of uninsured and under-insured Americans live in places like Florida and Texas, where there is far less sympathy—and a great deal more hostility—to the idea of Obamacare.

Yes, Texas, the biggest of the conservative states, follows the usual, right-wing, cold-hearted pattern of rejecting Medicaid expansion, even though it would benefit the financial and physical health of the entire state:

Despite its growth and diversified economy (and oil income), Texas has had the less fortunate history since 1980 of having a larger percent of its population living in poverty than the overall US average. Texas has the highest poverty rate of any large industrial state.

African-Americans and Hispanics will within the next few years together constitute a majority of the of the state’s population.

But Texas poverty is not just a minority thing:

23.8% of all poor Texans are Anglo, and 15.8% are African-American, but well over half (53%) are Hispanic.

In summary, the right wing does everything possible to punish the middle and lower income classes — including attempts to deny poor people the vote — but Republicans still manage to win many states and achieve close to half the national vote.

I believe there are two explanations:

1. The 99% is content to remain ignorant of the real issues, and ignorance compounded by right wing lies.
2. Bigotry, in which hatred of blacks, Latinos, immigrants and gays takes voting precedence over self-interest. Clearly, hatred of the 1/2 blackness of our President has an important effect.

Poor and middle-class people may not be stupid, but they vote stupidly.

Ignorance and bigotry are self-punishing.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%

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

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

#MONETARY SOVEREIGNTY

–Apparently they didn’t contribute enough to the Obama campaign Wednesday, May 29 2013 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.

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

While you read excerpts from the following article, keep this thought in mind: The U.S. has not put one criminal banker in jail. Not one.

New York Times
Online Currency Exchange Accused of Laundering $6 Billion
By MARC SANTORA, WILLIAM K. RASHBAUM and NICOLE PERLROTH
Published: May 28, 2013

The operators of a global currency exchange (Liberty Reserve) ran a $6 billion money-laundering operation online, a central hub for criminals trafficking in everything from stolen identities to child pornography, federal prosecutors in New York said on Tuesday.

Who said federal prosecutors aren’t tough on financial crime? Of course, $6 billion is peanuts compared to what the big, Wall Street banks stole.

And more importantly, the owners of Liberty Reserve probably didn’t contribute to the Obama campaign, and didn’t promise Obama & family lucrative jobs for after he leaves office.

The charges (were) announced at a news conference by Preet Bharara, the United States attorney in Manhattan, and other law enforcement officials.

Hey, where have you guys been? Aren’t those Wall Street banks right there in Manhattan?

The charges detailed a complicated system designed to allow people to move sums large and small around the world with virtual anonymity, according to an indictment, which was unsealed in federal court in Manhattan.

Mr. Bharara said at the news conference, where officials from the Justice and Treasury Departments, as well as the Secret Service and Homeland Security Investigations, also spoke. “The global enforcement action we announce today is an important step toward reining in the ‘Wild West’ of illicit Internet banking. As crime goes increasingly global, the long arm of the law has to get even longer, and in this case, it encircled the earth.

Too bad that “long arm” became curiously short, when reaching for our home-grown criminal banks.

The money laundering count carries a maximum sentence of 20 years in prison, and the other two charges carry a maximum of 5 years each.

Question for Mr. Obama: “If the sentence for money laundering is 20 years, what’s the sentence for stealing hundreds of billions of dollars and destroying the lives of many millions of Americans? Anything?

The case is significant, prosecutors said, because it attacks the financial infrastructure used by many cybercriminals.

Dismantling the Liberty Reserve operation was “critical because transnational criminal organizations can succeed only so long as they can funnel their illicit proceeds freely and without detection,” said James T. Hayes Jr., the special-agent-in-charge for Immigration and Customs Enforcement Homeland Security Investigations.

(As opposed to dismantling the criminal banks, which is not critical, because so much of their money is funneled to the President.)

But just to bring some balance to this article, the Republicans too, are deeply involved. These are the people who have been apoplectic about the IRS going after Tea Party groups, incensed about the Justice Department investigating the media and foaming at the mouth about Benghazi — but not one word about the failure to jail banksters.

One might conclude the Republicans are as adverse to punishing the rich as Obama is, perhaps even more so.

The failure to punish the biggest criminals in America will remain the large stain on the Obama legacy — the long-remembered definition of his presidency — when any good he has done will have been forgotten.

Note to the President: Regarding criminals, if you’re not against them, you’re with them.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%

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

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

#MONETARY SOVEREIGNTY

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