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.
======================================================================================================================================================================================

Who knows what 2016 will bring? Since that election is more than two long years away, I bravely (and safely) will offer recommendations, knowing (hoping) you will forget them if I’m shown to be off course, but remember them if I am right (or I’ll remind you.)

Let me preface with a story from reason.com:

Supreme Court Rules 9-0 Against Obama Administration’s ‘Boundless’ Interpretation of Chemical Weapons Law
Damon Root|Jun. 2, 2014

The U.S. Supreme Court ruled unanimously today against the Obama administration in a major case testing the reach of federal power.

The Obama administration’s “boundless” interpretation of the chemical weapons law, declared the opinion of Chief Justice John Roberts, “would transform the statute from one whose core concerns are acts of war, assassination, and terrorism into a massive federal anti-poisoning regime that reaches the simplest of assaults.”

The Supreme Court today, is made up of strong liberals, moderate liberals, conservatives, extreme conservatives and crazy, self-described Constitutional originalists.

If you create and interpret a law that every single one of these disparate souls finds unconstitutional, you must be some kind of fool.

Add to that the Guantanamo lies, the NSA spying lies, the prisoner trade for a deserter lies, the “you can keep your insurance” lies, the “transparency” lies, the deportation lies, bankster lies, even lies about how Obama got his house from a criminal — ah, the list of lies goes on and on — and you have a really inept, crooked, lying administration.

Now for the recommendations:

I recommend that the Democrats campaign on issues dear to specific like-minded groups, for instance: Pro-choice, pro-immigrant, pro-gay, pro-minority, pro-gun-control, pro-education spending, pro-Social Security spending, pro-healthcare spending, pro-aids to poverty and anti-hatred.

As for Republicans, I recommend you campaign on one issue: Anti-Barack Obama.
As for Democrats, I recommend that you too, campaign on one issue: Anti-Barack Obama.

It’s the winner.

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 much 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

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

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.
======================================================================================================================================================================================

TPM NEWS
Obama Admin to Propose Cutting Power Plant Emissions by 30%
DINA CAPPIELLO – JUNE 1, 2014

The Obama administration on Monday will unveil a plan to cut earth-warming pollution from power plants by 30 percent by 2030, setting in motion one of the most significant actions to address global warming in U.S. history.

Global warming? What global warming?

The Washington Post recently ran the following article:

Experts tell House panel climate change science isn’t settled

Liberals have been piling on Rep. Lamar Smith and his fellow House Republicans for failing to hold more committee hearings on climate change, but Thursday’s often-heated testimony probably wasn’t what the movement had in mind.

The House Science, Space and Technology Committee heard from scientists who poked holes in the prevailing catastrophic theory of man-made climate change and said researchers are under pressure to support more alarming scenarios.

So “holes” were poked in the theory of man-made climate change? And liberals are pressuring researchers to support more alarming scenarios?

Let’s see what those “holes” were:

“The science is not settled, no,” said Roger Pielke Sr., professor emeritus in meteorology at Colorado State University. University of Sussex economist Richard Tol told the lawmakers, “Science is, of course, never settled.”

Get it? The science that says global warming is being at least partly caused by man and could create “alarming scenarios,” really isn’t settled, because . . . well . . . “science is, of course, never settled.”

In other words, no matter how much proof is offered, you don’t have to believe it, because in science, there always could be some doubt, no matter how remote.

Did dinosaurs live millions of years ago ? Most scientists say so, but science is, of course, never settled. So you don’t have to believe it.

Is the universe billions of years old? Most scientists say so, but of course . . . science never is settled.

So you are free to believe whatever you please, no matter what science says. Great, huh?

“Some things are more or less settled, some things are not,” said Princeton University geoscientist Michael Oppenheimer. “The question of whether carbon dioxide is 30 to 40 percent above pre-industrial times, that’s settled. The question of exactly how warm the Earth will become as a result, that’s not.”

Note that weasel word, “exactly”? Yes, we know that carbon dioxide is 30 to 40 percent above pre-industrial times. And yes, we also know that carbon dioxide is a greenhouse gas, that holds in heat. And yes, we also know the earth is getting warmer as a result of increased carbon dioxide.

But aha, we don’t know EXACTLY how warm the earth will get as a result. So why worry?

Rep. Paul C. Broun, Georgia Republican, said he objected to the Democrats’ use of the term “settled science” to describe the climate change debate.

“Climate changes all the time, of course,” he said. “It’s called ‘weather.’”

Er, ah, excuse me Scientific Expert Brown. Climate change is not called “weather.” Weather is what happens today, this month or even this year. Climate is what happens over decades.

At this point, you have read all the Washington Post’s so-called “holes that were poked in the prevailing catastrophic theory of man-made climate change.”

Now, let’s get to the real motive here. It’s not about legitimate doubt. It’s not about the science, the data and the interpretation, thereof.

It’s about MONEY.

Wealthy industrialists do not want to spend money reducing carbon emissions. Period.

The conservatives, to a greater extent than the liberals, are bribed by wealthy industrialists, to spread climate change doubt among the populace. And spreading doubt is a fairly simple process.

The quasi-logic goes like this:

1. Scientists often disagree. (You can see this in any trial in which the prosecutors and the defense team, each bring in an “expert” to rebut the other side’s “expert.”)

2. Scientists often are wrong. (At one time, most scientists wrongly thought stomach ulcers were caused by stress. Now we know they mostly are caused by a bacterium called helicobacter pylori.)

3. Obama is a liar and a liberal. (This is central to every right-wing argument.)

4. Therefore, global warming is not man-made, despite what the vast majority of scientists says.

[Additionally, the earth is only 5,000 years old, guns don’t kill and being gay is a choice. But those are arguments for another day.]

Bottom line, the addition of CO2 is warming the world, and this additional CO2 is man-made, despite all the misleading, purchased propaganda of the right wing.

That said, I will allow for one important caveat. Long term, we can’t be absolutely certain whether this will be more harmful than beneficial.

Some areas, plants, animals and peoples will be harmed by global warming; some will benefit. Canada and Russia might benefit; polar bears might disappear; islands may sink. Some areas might desertify; some deserts might become lush.

Global warming might prevent another catastrophic ice age, but new warm-temperature pathogens could emerge to decimate the human population.

We just don’t know.

And, when you don’t know for sure, whether change will help or hurt, and you already see many signs change will hurt, and not many it will help, what is the wisest course of action?

Don’t burn your house unless you have someplace to move. And maybe not even then.

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 much 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

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

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.
======================================================================================================================================================================================

Global Economic Intersection, a very good economics blog, published the following article, Income Inequality: The Fundamental Reason It Is Growing, May 29th, 2014
Written by Elliott Morss, Morss Global Finance

The single primary reason for the growing inequality is “labor saving” resulting from the Information Revolution.

New information technologies are replacing large blocs of middle class jobs and with more people out of work, wages have plummeted. Weaker unions? Maybe, but there is very little unions can do when the demand for their members falls as much as it has.

What has already happened coupled with future applications of information technologies will make an even larger segment of middle class workers redundant.

Simple enough. It’s the old “machines-replace-workers” argument that has existed since the beginning of the Industrial Revolution, back in the mid-1700s.

Here is the author’s reasoning:

US employment in durables goods production not grown much since 1947. But over this same period, the US Bureau of Economic Analysis estimates that durable goods value added in constant prices has increased ten times.

That means a worker today can produce ten times more than what a worker could produce in 1947.

Productivity gains and not overseas outsourcing is the primary reason for declining jobs in manufacturing.

US agricultural output increased at a 1.49% average annual rate between 1948 and 2011. Over that same period, agricultural employment fell at a 2.41% average annual rate.

Retailers and wholesalers are increasingly making sales via the Internet.

In education, the online element is growing. Significant labor-saving will result if online lectures by outstanding speakers are combined with follow-up teacher and student discussions.

The above snippets don’t do justice to the article, so I urge you to read it. But the point is clear. Computers are causing unemployment and lower wages for those who do have jobs — except of course for rich investors.

So what is the author’s solution?

Juliet Schor, an economist and sociologist has been thinking and writing about these issues for some time.

(She) recommends doing things that open up the labor market.

We could expand, rather than contract, social security eligibility. Smart countries with unemployment problems try to get senior workers to retire earlier.

We could give partial benefits for people to gradually reduce work.

Schor points out that shorter hours of work are possible at many levels–more schooling at the beginning of the work life, four day workweeks, and then tapering off hours at the end of the work life.

In short, the author claims the primary fault for the increasing GAP between the rich and the rest is the computer, which has replaced workers. One solution is to cut workers’ hours.

Do you believe it? I don’t, especially when I look at these two graphs:

Unlike the St. Louis Federal Reserve Bank GINI graph (the measure of income inequality, aka “the GAP”), which begins in 1967, and seems to show inequality rising, rising, rising — this first graph (above) goes all the way back to 1912, and shows that inequality previously was much higher than now, immediately before and during most of the Great Depression — when the top income tax rate was low. (2nd graph)

Then during WWII, and through the early 1980s, when the top income tax rate was above average, the GINI ratio was low.

Finally, beginning with the mid-1980s, when the top income tax rate again dropped below average, inequality again has risen.

Bottom line: I agree with the author, who ends his article with the comment, “We are facing a real problem. There are no easy answers.”

But I question whether computers are the primary cause of income inequality. (An even more powerful case could be made that taxes should be more progressive).

And I surely question whether making people work fewer hours would help, since that merely would spread payrolls among more people.

There always will be income inequality, simply because some jobs and some people always will be “worth” (however you wish to define it) more than others.

There are multiple causes for the the cancer of excessive income inequality, so the cure requires a multi-drug approach.

I suggest that approach is the “10 Steps to Prosperity” (below:)

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 much 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

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

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.
======================================================================================================================================================================================

You may or may not have heard of Ben Crystal. He wants to be President of the United States.

He’s an extreme right-winger who calls himself a “libertarian.” He loves to wrap himself in the cloak of patriotism and freedom, while he preaches bigotry, fear and of course, guns, guns and guns. He represents the perfect PGN (Paranoid Gun Nut), although that may be an act to attract the votes of PGNs.

You can tell much about Ben Crystal and other PGNs by reading his web site.

Among the gems I found are:

Are Americans Ready For A Revolution?

What the Federal government doesn’t yet realize is the conflict coming into play from two masses: the liberal lobby for President Barack Obama — with his pro-gay, pro-black, pro-socialist agenda, executed by his secret National Security Agency drone army — and freedom-loving, gun-owning Americans who are willing to fight and, if necessary, die for the Constitution. These are the masses headed to battle, to civil war.

And I expected it will happen two years after the 2016 Presidential election. For the first time in my life, I fear blood in the streets.

In short, to be a “freedom-loving” loving American, you have to be willing to die for the Constitution and be a conservative, gay-hating, black-hating bigot. And above all, be a PGN. And you must use “socialist,” as the ignorant, right-wing epithet, equating “liberalism” with socialism (about the same as equating conservative with fascist).

And then, Crystal provides a long article titled, “The Right Gun For The Fight.” It goes on and on, describing which guns are best in the event of a home invasion.

Never mind, that of all the crimes you likely will face in your life, home invasion is one of the least common.

Never mind that you are far more likely to die of a gunshot from your own relative, than from an home invader. And never mind that if a home invasion does occur, it likely will be sudden, and you won’t have time to pull out your trusty heater, unless you always have it in your hand while you’re home (which is really sick).

And never mind that if you actually do use your gun, there is a high probability you either will miss, hit the wrong person, have it taken from you and/or yourself be killed with it.

Wayne LaPierre has brainwashed the mentally challenged into terror of home invasions, so like willing sheep, the PGNs go along with the charade and buy ever more and more guns, thus lining the pockets of gun and ammo manufacturers and of Wayne LaPierre.

In short, never mind reality. Fear is the key, especially fear of people wearing hoodies. Home invasion is a daily preoccupation of PGNs, who must lie awake at night, fantasizing about “stopping a bad guy.”

Ben Crystal gives us all sorts of alternatives for guns that will stop home invasions, while hopefully not killing the neighbors, your spouse or your kids.

This should be of primary interest to one of our readers, who told me the following story: During the aftermath of a hurricane, when all electricity had been knocked out, the streets were black and the rain was howling, his wife saw two men stop their car near her house.

One man got out wearing a hoodie and approached. (As everyone knows, “hoodie” is a code word for a criminal, especially a black criminal. No honest, white person ever wears a hoodie. Right?)

Naturally, his wife assumed anyone wearing a hoodie on a cold, rainy night, must be a home invader (not someone lost on a dark road, hoping to ask directions), so she ran to the window and threatened hoodie guy with her gun. Hoodie guy took one look at this crazy PGN, and ran away, which to the wife’s fevered brain, was ample proof he really was a home invader, who was (as her hubbie said) “trespassing.”

In summary, among the criteria for being a PGN are: Wave the American flag at every opportunity and loudly claim you are a patriot, while you spout hatred for the American government, hatred for black Americans, hatred for brown Americans, hatred for gay Americans, hatred for Jewish Americans, hatred for immigrants, hatred for the science of evolution, and the belief that the words, “A well regulated militia being necessary to the security of a free state,” have absolutely no meaning — useless filler inserted into the 2nd Amendment by the founding fathers.

Additionally, you must believe that Wayne LaPierre (that notorious well-paid shill for the gun industry) speaks truth, and has your best interests at heart.

Meet those criteria, and you too can be a PGN, just like Ben Crystal and the above-mentioned husband/wife tag team.

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 much 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

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