–The one monument we no longer need: Two views on the child immigrant crisis

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 ultimately 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,
and the motive is the gap.
======================================================================================================================================================================================

America is loaded with monuments. They are everywhere. Monuments to forgotten heroes of forgotten wars; monuments to Presidents, mayors, baseball players, battles (victorious and losing), generals, even animals.

Perhaps we have so many monuments they have lost their meaning. Perhaps that is our problem with the child immigration crisis.

The child immigration crisis?? Monuments??

Charles M. Blow wrote:
The Crisis of Children at the Border

Many Guatemalan children come from rural areas, indicating they are probably seeking economic opportunities in the U.S.

monetary sovereignty Salvadoran and Honduran children, on the other hand, come from extremely violent regions where they probably perceive the risk of traveling alone to the U.S. preferable to remaining at home.”

And the top municipalities by far are in Honduras, the murder capital of the world.

Many of these children are not safe at home or on the run. There are no easy answers for them and their families, no safe happy places where childhood innocence is protected.

That is the bleeding heart lib approach. Here is the conservative approach:

Sen. Mark Kirk, Illinois Republican, said all the children should be put through criminal background checks with their home country embassies in order to make sure they don’t pose a threat.

Sens. John McCain and Jeff Flake, two Arizona Republicans who helped write the Senate’s immigration legalization bill last year, said they’ll introduce legislation they say will get tough on the latest surge.

Their proposal would allow for quick deportation of all illegal immigrants caught at the border, under a program known as “expedited removal.”

“Expedited removal” doesn’t sound so bad. It’s not as though we would be kicking helpless children out into a dangerous wasteland, where they could be raped, starved, beaten and murdered, is it?

And, sending the children to the infamous Honduran government for criminal background checks seems like a clever idea. What could possibly go wrong with that?

Getting tough on children by sending them back to the nightmare they are fleeing seems equally clever — and compassionate.

Meanwhile, the bleeding heart lib says:

To be sure, sending an unaccompanied child, alone, with a “coyote,” for a treacherous trip hundreds of miles long, is not safe. The children are vulnerable to all manner of mistreatment, and may in fact not even make it.

But that is precisely why we must treat the children who do arrive with compassion. Children aren’t caught up in the politics of this. They are just doing as they’re told, many no doubt shadowed by fear, moving surreptitiously through unknown lands toward the dream of a brighter tomorrow. They dream as any child dreams — of happiness and horrors.

And their parents are no doubt like any parents, forced to make the most wrenching of decisions, sometimes about whether to leave a child in a never-ending hell or have them risk a hellish journey to a better place.

No parent makes such a choice lightly.

But are these parents real parents, like white American parents? And are these children real human children? Let’s ask the conservatives:

Sens. McCain and Flake also would require mandatory detention or alternatives such as ankle monitoring bracelets for those awaiting deportation hearings to make sure they show up.

The point, the lawmakers said, was to send a signal that those trying to cross will not be able to gain a foothold along with the other 11 million illegal immigrants already here.

“This crisis will continue until the parents who paid thousands of dollars to smuggle their children north to the United States see planeloads of them landing back at home — their money wasted,” Mr. McCain said.

Right. Criminal ankle monitors on children. Perfect. The best solution for lawbreaking foreign children is to punish them severely –making sure the desperate, impoverished parents, who spent all their money to save their children, see that money wasted. That is the way to teach these scum.

The key, administration officials said, is to speed up deportations so the smugglers can’t sell that claim anymore.

“What we want to do is make the coyotes’ promise that [the families] are living off of not correct,” said HHS Secretary Sylvia Mathews Burwell.
But some immigrant-rights groups and a handful of Democrats in Congress have objected, saying that’s a terrible way to treat children who may be fleeing unimaginable dangers back home.

The final solution to the problem is to wash our hands of it — to turn away so we don’t need to see it or think about it. Really, this isn’t our problem, so why should we deal with it? Let the children fend for themselves.

But here is another bleeding heart, socialist, lib commie:

“You know what my ears are hearing? Round ‘em up and ship ‘em back,” said a disgusted Sen. Tom Harkin, Iowa Democrat. “It sounds like we’re dealing with cattle or some kind of livestock.”

Well, they are only foreign children, aren’t they?

Let’s get to the bottom line: America is a small, poor — even impoverished — country, pretty much a 3rd-world nation.

We simply don’t have the space or the money to support an addition of one tenth of one percent to our population. As John Boehner famously said, “Let’s face it, we’re broke.”

(Pay no attention to those people who tell you the United States, being Monetarily Sovereign, never can be broke, never can run short of its own sovereign currency, never can be unable to pay all its bills, even without collecting taxes.

Hey, if that were true, we wouldn’t need conservatives, would we?)

We need to protect our own, rather than worrying about someone else’s children. So just ship these kids back to whatever may happen to them.

Now back to the monument we no longer need. It’s the Statue of Liberty. There it stands, welcoming foreigners, when we have no room for foreigners, and no money to help them.

The whole thing is obsolete and an embarrassment, that “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore” crap.

No one believes it any more. So why should we continue to display such a slogan on one of the most prominent places in America?

Here’s what I suggest. Take down the Statue of Liberty, sell it for scrap and turn the entire island into a border checkpoint — to help keep foreigners (especially children) out. Financially, it will provide us with the money we need, and relieve us of the problem of caring for someone’s kids.

As long as the Statue stands there, it sends the wrong message: That we actually welcome immigrants. Take it down and show the world what America really is all about.

What say you, “religious” right? Isn’t this what Christ would have wanted?

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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

—–

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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

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

#MONETARY SOVEREIGNTY

–The legacy of our generation

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 ultimately 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,
and the motive is the gap.
======================================================================================================================================================================================

Greatness is rare. Few nations and few generations achieve it.

We achieved greatness when our ancestors crossed a dangerous ocean. And when we fought the king. And when we died to give slaves their freedoms, and when we died again, to give them their rights. And when we climbed the cliffs of Normandy and when we raised our flag on Iwo Jima, and when Rosie the Riveter worked the lines.

We were not perfect. We were ordinary people, but we were heroes.

We could have turned away from Europe and surrendered the Pacific. We could have built a wall around America and hidden behind it.

Instead, we reached out to the frightened and the destitute. We sheltered them in our mighty embrace.

We rebuilt our former enemies, to give their citizens the freedoms they would have denied us. What nation does that? We battled selfish instincts to create social programs, so that our poor could rise up and share in American freedom.

Today, we look back in pride at those generations who gave more than they received, so that future generations might receive more than they are forced to give.

And, once again, we are called upon.

The oppressed, beaten and starved children of poverty stand at our southern door, faces upturned in hope, praying us to allow them entry to the American dream.

What is the meaning of America? When called, we answer, not with cynicism but with compassion, not with complaint, but with resolve, not with closed minds, but with open arms.

Sadly, the previous generation built an ugly wall of selfishness and shame. American history will not remember them kindly, if at all.

Now has come our turn in the sun. Will we answer as our great generations have? Will we be the true American patriots, not with flags, but with deeds? Will future Americans look back upon us with pride?

Let us uncover the bright light of generosity that is America. Let us once again, lead the world. Let us begin now, to create our legacy.

Mr. President, tear down that wall.

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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

—–

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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

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

#MONETARY SOVEREIGNTY

–All in this one short, simple page: How to know more about economics than your friends.

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 ultimately 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,
and the motive is the gap.
======================================================================================================================================================================================

Yesterday, a plane took off, while another plan landed — at the same time, on the same runway. Most Americans would have described it as a “near miss.” A TV reporter called it a “near hit.”

The word “near” has at least two, different, though similar, meanings, one related to physical distance (“nearby,” “close”) and the other related to conceptual distance (“almost,” “nearly”). The latter can be colloquial (“I near fell off my chair.”)

The TV announcer undoubtedly thought he was being liguistically correct. (The planes didn’t actually hit, so it was a “near” hit). But his usage was clumsy and made confusing by the word “hit.” (They didn’t hit; they missed.)

I believe “near miss,” using the close-physical-distance meaning of “near,” and including the word “miss,” is less confusing and more intuitive.

Naturally, this all sent me back to thinking about why some people find economics in general, and Monetary Sovereignty in specific, confusing and counter-intuitive — and how it can be dead simple.
——————————————————————————————————————————————————————————————————————————
Mathematically, Monetary Sovereignty should seem intuitive. It relies, in part, on five, fundamental, very simple formulas:

1. Money = Debt
2. Federal Spending + Non-federal Spending + Net Exports = Gross Domestic Product (GDP)
3. Federal Deficits = Private Income
4. Demand/Supply = Value
5. Reward/Risk = Demand

Increase or reduce the left side of each equation to increase or reduce the right side. Simple and straightforward, mathematically.

But linguistically, Monetarily Sovereign economics can be confusing. Consider the fact that all money = “debt.” Here there is confusion about the meaning of money, and I suspect even greater confusion about “debt.”

If you “have” (own) a lot of money, that is a good thing, but if you “have” (owe) a lot of debt, that is a burden. So how can money = debt?

This confusion is about the two meanings of “have” (“owe” and “own”) and the two sides of debt.

For any debt, there is a debtor and a creditor. For the former, a debt is a burden and an obligation; for the latter it is an asset. When the government (the public sector) “has” (owes) debt, the public (the private sector) has (owns) the debt.

(Oops, more confusion. The public is the private sector and the federal government is the public sector — and state governments are part of the private financial sector).

If all money is debt, who is the creditor and the debtor for a dollar? The creditor is the owner of that dollar. The debtor is the federal government, which owes the creditor the collateral for the debt: “Full faith and credit.”

This collateral includes such valuable guarantees as:

–The government will accept U.S. currency in payment of debts to the government
–It unfailingly will pay all it’s dollar debts with U.S. dollars and will not default
–It will force all your domestic creditors to accept U.S. dollars, if you offer it, to satisfy your debt.
–It will not require domestic creditors to accept any other money
–It will take action to protect the value of the dollar.
–It will maintain a market for U.S. currency
–It will continue to use U.S. currency and will not change to another currency.
–All forms of U.S. currency will be reciprocal, that is five $1 bills always will equal one $5 bill and vice versa.

The notion that simple guarantees can be collateral may seem confusing to some, but it happens every day. When you use your credit card, you actually borrow money from the credit card company, and the collateral for your debt is your own full faith and credit (which is different from the federal government’s full faith and credit).

Which brings us to what I consider economics’ most confusing word — or at least the word misunderstood by the most people: Sovereignty.

There is an analysis of “sovereignty” at “Lunch really can be free.”

Think of the U.S. government as the God of the dollar. The government originally wrote the laws that created the dollar. Thus, like God, the government created the dollar from nothing.

Without the U.S. government, there would be no U.S. dollar.

The existence of the dollar depends on the laws created by the government, and the government created all those laws from nothing. Because the government never can run short of laws, the government never can unintentionally run short of dollars.

Even if all federal taxes fell to $0, the government would not run short of dollars.

Returning now to the five fundamental equations:

1. Money = Debt
2. Federal Spending + Non-federal Spending + Net Exports = Gross Domestic Product (GDP)
3. Federal Deficits = Private Income
4. Demand/Supply = Value
5. Reward/Risk = Demand

Looking at equation 1., why would anyone want less federal debt?
Looking at equation 2., why would anyone want less federal spending (i.e “smaller government”)?
Looking at equation 3., why would anyone want smaller deficits (since the government cannot run short of dollars)
Looking at equation 4., what is the best way to avoid inflation (reduced value of the dollar)? No, not decrease Supply. Remember equations #1, #2 and #3. The answer is to increase Demand.
Looking at equation 5., what is the easiest way to increase Demand? Increase the Reward for owning dollars (interest).

And that’s it. Five simple equations. Everything else merely devolves to arguments and speculation about details and interpretations.

What you read and hear in the media are the arguments, speculations and interpretations, but you seldom are told the fundamentals.

By concealing the fundamentals, those with an agenda are able to offer confusing, contradictory and harmful hypotheses, involving such notions as “small government,” “austerity,” “unsustainable debt,” “return to gold” and “unsustainable spending” — all nonsense based on nonsense, packaged into the BIG LIE.

When any of your friends, or a talking head on TV, expresses an opinion about economics, see if that opinion comports with the five equations.

You probably now know more than any of your friends.

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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

—–

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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

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

#MONETARY SOVEREIGNTY

–Mystery solved. Why the Republicans actually love Obama.

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 ultimately 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,
and the motive is the gap.
======================================================================================================================================================================================

Recently I wrote to my Democratic, formerly liberal Senator, Dick Durbin, and received the following response:

July 7,2004

Dear Mr. Mitchell:

Thank you for contacting me about Michael P. Boggs’ nomination to the United States District Court for the Northern District of Georgia. I appreciate hearing from you.

Judge Boggs received his B.A from Georgia Southern College and his J.D. at Mercer University’s Walter F. George School of Law. Boggs has been a judge on the Court of Appeals of Georgia since January 2012.

Previously, Boggs served as a Superior Court Judge in the Waycross Judicial Circuit of the First Judicial Administrative District of Georgia from 2004 to 2012. While serving as a Superior Court Judge, he established and presided over the court’s felony drug court program.

On January 6, 2014, Michael Boggs’ nomination was received by the Senate and was referred to the Judiciary committee, of which I am a member. As a member of this committee, I will be considering this nomination carefully and will keep your views in mind.

Thank you again for contacting me. Please feel free to keep in touch.

Sincerely,
Richard J. Durbin
United States Senator

That Boggs sounds like a heck of a guy, doesn’t he? This was my response to Durbin’s note:

You forgot to mention that he voted to retain the Confederate insignia in the state flag of Georgia; he voted to restrict access to abortion; and he voted to ban same-sex marriage.

The problem with most so-called Democrats is very simple: They lack spines. The Republicans have all the passion. The Democrats (with the exception of Senator Elizabeth Warren) are about as firm as overcooked noodles.

Consider this:

Embattled Nominee Michael Boggs Held Up As Other Judicial Candidates Moving Forward

President Barack Obama agreed to nominate Boggs as part of an all-or-nothing package of seven nominees he negotiated with Georgia’s two senators.

Obama made some notable concessions — four of the nominees are GOP picks and only two are black, in a state with a large black population — but the upside for the White House was that long-empty seats in Georgia would be filled.

Durbin and Senator Frankin previously had claimed they will vote against Boggs. But in this latest note he is waffling, as usual.

Anyway, here is a so-called “Democrat” President, who also controls the so-called “Democrat” majority in the Senate (which advises and consents to judges), and the majority of his nominations are Republicans!

And the 51 year-young Boggs, the right-wing, Southern bigot, is up for a lifetime post on the U.S. District Court for the Northern District of Georgia! He could be a judge, rendering anti-gay, anti-choice, anti-black decisions for another 30 years! Does Obama care?

Can you imagine a Republican President nominating a Democrat majority to lifetime judgeships?

I believe the right wing secretly loves Obama. They need him.

More than a valuable stalking horse for right-wing politics, this anti-Social Security, pro-FICA-increase on the middle-class, pro-sequester, pro-austerity, pretend “liberal” actually is one of them.

Bought and paid for.

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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

10. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)

—–

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

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

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

#MONETARY SOVEREIGNTY