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

This whole affair should have the title, “Trust me. I’m the President.”

On the Jay Leno show, Obama said, “We don’t have a domestic spying program.”

Yahoo News
The NSA regularly collected e-mails and telephone metadata on Americans without first obtaining legal authorization.

The agency has broken privacy rules or overstepped its legal authority thousands of times each year since Congress granted the agency broad new powers in 2008.

Obama said the administration is “keeping the Congress appropriately informed of compliance issues as they arise.”

Obama said, “You’ve got a federal court with independent federal judges overseeing the entire program, and you’ve got Congress overseeing the program—not just the intelligence committee and not just the judiciary committee.”

Even the Democrats in Congress don’t believe that one.

“I remain concerned that we are still not getting straightforward answers from the NSA,” Senate Judiciary Committee Chairman Patrick Leahy (D) of Vermont said.

Nothing gets the political rulers angrier than having the truth reported about them. Not only have NSA’s activities been kept secret from Americans, but the law upon which these activities were based, also is secret — and the secret agency broke its own secret laws, and even Congress doesn’t know what’s happening.

Washington Post
Court: Ability to police U.S. spying program limited
By Carol D. Leonnig, Published: August 15

The leader of the secret court that is supposed to provide critical oversight of the government’s vast spying programs said that its ability to do so is limited and that it must trust the government to report when it improperly spies on Americans.

The chief judge of the Foreign Intelligence Surveillance Court said the court lacks the tools to independently verify how often the government’s surveillance breaks the court’s rules that aim to protect Americans’ privacy. Without taking drastic steps, it also cannot check the veracity of the government’s assertions that the violations its staff members report are unintentional mistakes.

National Security Agency staff members in Washington overstepped their authority on spy programs thousands of times per year. The records also show that the number of violations has been on the rise.

Well, is that a problem? Who doesn’t trust Barack Obama?

Obama: “No, I don’t think Mr. Snowden is a patriot. The fact is, Mr. Snowden has been charged with three felonies.”

Let’s see: Snowden told the truth; Obama lies, repeatedly.

Snowden’s crime was to reveal illegal spying. Obama’s crime was to aid and abet and deny illegal spying.

Snowden is paying for revealing the truth. He is hounded by the U.S. government and essentially has lost his citizenship. Obama is being paid by his wealthy handlers, to hide the truth, and after office he will be rewarded with lucrative speaking jobs and a great big Obama Library.

So, who is the patriot and who is the traitor?

And now our partners have taken the harrassment a step further:

Yahoo News
Partner of reporter at center of NSA leak detained

David Miranda, the partner of Guardian reporter Glenn Greenwald, the journalist who received leaks from former National Security Agency contractor Edward Snowden was detained for nearly nine hours — the maximum time authorities are allowed to detain individuals –under anti-terror legislation at Heathrow Airport, triggering claims that authorities are trying to interfere with reporting on the issue.

Greenwald said, “It’s bad enough to prosecute and imprison sources. It’s worse still to imprison journalists who report the truth. But to start detaining the family members and loved ones of journalists is simply despotic.”

More than 97 percent of those questioned under Schedule 7 are detained for less than an hour. Less than a tenth of 1 percent are held for more than six hours.

Apparently, Greenwald’s love partner must really be dangerous, to warrant such attention.

If you want to deprive people of their liberty, first make secret laws (check) and second, harass the newpapers for revealing them (check).

Third, deny you did anything wrong (check) and fourth, tell the people you were just about to fix what you didn’t do wrong. (check).

philly.com
Obama to tweak process on NSA
Scott Wilson and Zachary A. Goldfarb, Washington Post

President Obama said Friday that he would pursue reforms to open the legal proceedings surrounding government surveillance programs to greater scrutiny.

And fifth, tell the people it’s all for their own good, to protect their security (double check).

Obama: “You can’t have 100 percent security and also 100 percent privacy and zero inconvenience. We’re going to have to make some choices as a society.”

More people worldwide are killed or enslaved by their own governments than by foreign governments.

Worried, yet?

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
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 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

As the lines drop, we approach recession, which will be cured only when the lines rise.

#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.
======================================================================================================================================================================================

John Kass, is a reliably right-wing columnist for the reliably right-wing Chicago Tribune. As a right winger, he hates gun control.

He has written many articles about how a couple dozen people in America have defended their homes with guns, conveniently ignoring the hundreds of thousands of Americans who have been murdered with guns.

Kass sneers at (his words) “U.S. Rep. Diana DeGette, of Colorado, who said that her proposed ban on the sale or transfer of magazines holding more than 10 rounds would reduce violence.. . . the ignorance of some lawmakers, including a lead House sponsor of a proposed federal ban on high-capacity magazinesd.”

You see, guns aren’t enough. Kass wants everyone, including your crazy neighbor, to have machine guns as part of their 2nd Amendment rights. What next, John, bazookas?

Anyway, my black sense of humor was tickled when I read of gun-lover Kass’s outrage that police had Tased and shot beanbags at a 95-year-old man, killing him:

“General guidelines for the (beanbag) weapon suggest one should never be fired 15 feet or less from the target.

“But . . . police may have fired well within that distance.

“No doubt, old people can sometimes become violent, especially when they’re frustrated or scared. (But) why didn’t they just wait him out?

“He wasn’t going anywhere. All they had to do was close the door and wait for him to fall asleep.

“He didn’t deserve what came to him.”

Police are selected for qualifications, then trained for weeks, perhaps months, then have years of daily, on-the-street experience in the proper use of weapons and in how to handle difficult situations.

Yet these selected and trained police Tased and beanbagged a 95 year old man to death.

The gun nuts, like Kass, want school teachers to carry guns. Imagine what a school teacher, with limited-to-no training and no experience, and no real knowledge of “guidelines,” would do with a gun — a gun having a high capacity magazine, no less — if confronted by an unruly teenager.

Another George Zimmerman?

Huff Post
Chicago Police Misconduct Settlements Surge As The City Pays Out Millions In Taxpayer Dollars

Chicago’s price tag for legal claims against its police force is climbing and has already surpassed the $27 million the city set aside for this year.

The largest settlement this week was for $4.5 million to the family of 22-year-old Rekia Boyd. (She) was walking down the street on March 21, 2012, when an off-duty police detective sitting in his own vehicle got into an argument with a group of men nearby.

Thinking one of the men had a gun as he approached his vehicle, the detective “started firing blindly over his shoulder,” with one of the bullets striking Boyd in the head, killing her. “She had nothing to do with any of it”.

Selected, trained and experienced police officers repeatedly violate laws, including gun-related laws. Yet, the gun nuts want everyone to carry a gun. Visualize millions of stupid, untrained, anger-management candidates, all carrying guns.

In short, imagine John Kass carrying a gun.

Yikes!

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
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 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

As the lines drop, we approach recession, which will be cured only when the lines rise.

#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.
====================================================================================================================================================================================================================
====================================================================================================================================================================================================================

I have seen it. So have you.

Someone suffering an incurable cancer, awakens to a day when he feels better, and even looks better. He and his loved ones are strongly tempted is to hope, pray and believe he may have taken a step toward recovery.

Sadly, reality returns, when the moment is not to be a remission, but a delusion.

And so it is with the Eurozone, whose cancer is the euro, and whose people pray for a miracle that will not be.

Google.com
France exits recession in boost for embattled Hollande
By Michael Mainville (AFP)

PARIS, France — France has emerged from a shallow recession after posting stronger-than-expected second quarter growth, data showed Wednesday, in a rare piece of good news for President Francois Hollande’s embattled Socialist government.

The INSEE national statistics agency said France had indeed posted growth of 0.5 percent in April to June, beating analysts’ forecasts, in the economy’s best result for two years.

Finance Minister Pierre Moscovici said the rebound “confirms the end of the recession in the French economy” and “amplifies the encouraging signs of recovery.”

Industrial output was also up, but investment continued to fall and was down 0.5 percent. There was no sign the slight increase in economic activity was having an immediate impact on employment levels, with other INSEE data showing the loss of 27,800 commercial jobs in the second quarter.

The 0.5% growth exceeded analyst’s forecasts — growth from a very low level — and so the cancer is gone. Except investment fell 0.5%, also from a low level and employment continued to fall.

This is a recovery?

But it gets worse:

The government has vowed to tackle a number of tough reforms in the autumn, including a restructuring of France’s debt-ridden pension system that has already sparked call for general strikes.

It will also need to tackle the deficit, as it struggles to bring it under the EU ceiling of three percent of GDP.

The pension system is “restructured” by cutting pensioners’ future income, which will have an adverse effect on economic growth, while widening the income gap.

The deficit is “tackled” with higher taxes and/or reduced government spending, both of which are anti-growth, and will widen the income gap.

But it gets even worse:

In a report this month the International Monetary Fund urged France not to raise taxes and to continue reducing public spending. It also called on France to reform its labour market, warning that high labour costs were hurting French companies in the increasingly competitive global economy.

Translation: The ever-reliable IMF wants to crush what’s left of France’s middle class with reduced spending (on social programs, of course) and reduced salaries, thereby widening the income gap.

Think: Who pays the IMF’s salaries?

But it gets even worse:

New York Times
Germany Fights Population Drop
By Suzanne Daley and Nicholas Kulish, Published: August 13, 2013

The German population is shrinking.

There is perhaps nowhere better than the German countryside to see the dawning impact of Europe’s plunge in fertility rates over the decades, a problem that has frightening implications for the economy and the psyche of the Continent.

Demographers say a similar (to Germany’s) future awaits other European countries, and the issue grows more pressing every day as Europe’s seemingly endless economic troubles accelerate the decline. According to the European Union, the total number of live births in 31 European countries fell by 3.5 percent.

Reduced investment. Reduced employment. Reduced government spending. A shrinking middle class. Reduced population of workers and consumers. More and more and more austerity. All to widen the income gap.

And the French aristocracy leads cheers about a 0.5% statistic growth in an economic measure. We only can shake our heads in wonderment, that the French would accept this lie.

This isn’t just whistling past the graveyard. This is a million-member choir sailing merrily across the River Styx. This is belief in the magic of hope.

Don’t me misled by propaganda from the rich. Europe — at least its not-rich citizenry — is doomed by the euro. Goaded and deceived by the wealthy bankers, the European nations voluntarily surrendered the single, most valuable asset any nation ever has: Their Monetary Sovereignty.

They just gave it away in exchange for essentially nothing — the mirage of easier trade among themselves.

There is no magic. The euro nations are short of money. And without the ability to create their sovereign currency (they have no sovereign currency), the euro nations have no control over their money supply.

They cannot control recessions or depressions. They cannot control inflations or deflations. They cannot control their economies. They are tiny wood chips, floating helplessly on a sea of woe, and when a random wave lifts them up, they cheer, deceived into thinking salvation has arrived.

There continue to be two, and only two, solutions to the euro-cancer disease:

1. Each nation returns to Monetary Sovereignty by re-adopting their sovereign currencies
or
2. A financial merger akin to a “United States of Europe,” in which the EU gives (not lends) euros to its nations as needed.

Until then, the euro nations will sink, while the gap between the rich and the rest widen, creating a continent of slaves ruled by emperors.

And that is the real plan.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================================================================================
====================================================================================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
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 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

As the lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY