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.
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**NEWS ITEM:So Why is Dimon Getting to Plead His Case for JP Morgan (and Maybe Himself) Directly with Holder?

Dimon sought a meeting with Attorney General Eric H. Holder Jr. in an urgent bid to dispose of multiple government investigations into the bank’s conduct leading up to the financial crisis — and avoid criminal charges. The deal that Dimon discussed with Holder would involve paying the government at least $11 billion.

Even at $11 billion or more, the bank would be paying just a fraction of the damage it wreaked on mortgage investors, government agencies and homeowners. And a deal might ensure that no senior executives go to jail, which some experts say would let Wall Street avoid full responsibility.

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I’m going to prosecute those big bankers — the crooks who stole trillions from innocent Americans and from the entire American economy.

I don’t care how much they contributed to my campaign. I’m sending them to jail.

I don’t care whether they book me to $200,000 speaking gigs after I leave office.

I don’t care whether Michelle gets those big-money speaking gigs, either.

I don’t care whether Natasha and Malia get lucrative jobs, for which they really aren’t qualified.

Uh, wait a minute. Penny wants to tell me something.

You, too? My Obama Presidential Library? I thought we were pals.

Uh.

.

Uh.

.

Just kidding!

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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 federal deficit growth 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.
======================================================================================================================================================================================

Sen. Ted Cruz isn’t the only one who wants to gut your health care.

The Tea Partiers aren’t the only ones who want to cut government spending for your social programs.

The Republicans aren’t the only ones who have been bribed by the rich to widen the gap between the rich and the rest.

The Democrats aren’t the only ones who pretend to be friends of the downtrodden, while voting for the powerful.

No, they aren’t the only ones. The entire American populace seems to agree with them.

You have been brainwashed that government spending is “bloated,” “wasteful,” “excessive” and “needless” (to use some common terms), and should be reduced. All lies.

You repeatedly have been told the debt and deficit are “unsustainable,” “unaffordable,” “a ticking time bomb” and “will be paid by our children and grandchildren.” More lies.

So once again, let us look at what happens when government spending is cut.

The most common measure of economic growth (or shrinkage) is Gross Domestic Product:

Gross Domestic Product (GDPA) is the blue bar.

Gross Domestic Product is composed of four measures:

–Personal Consumption Expenditures (PCECA)
–Gross Private Domestic Investment (GPDI)
–Net Exports of Goods and Services (NETEXP)
–Government Consumption Expenditures & Gross Investment (GCE)

These four measures, when added together, make up the orange bar, which as you can see is identical with the blue bar.

Now, see what happens to Gross Domestic Product if we eliminate government spending (GCE):

Gross Domestic Product drops by about 20% — the difference between the orange bar and the blue bar — a monster decrease.

Let’s see what happens if we cut government spending only by half:

We suffer a 10% decrease in Gross Domestic Product. That still is a huge decrease. Consider that GDP fell 2% from 2008 to 2009. Cutting government spending in half, would cause a loss five times greater than the crash of the Great Recession.

But it gets worse. Government spending pumps dollars into the economy, which helps to grow Personal Consumption Expenditures and Gross Private Domestic Investment. A reduction in government spending will reduce private spending.

Let’s take a look at what happens if we reduce private spending by just 10%:

Gross Domestic Product falls about 19%. And that folks, is called a depression.

What happens in a depression? The richest .1% of our population does just fine, because the rest become so desperate for money, you will accept slave-labor jobs.

You become the servants of the rich, begging them for whatever handouts they wish to give you.

It’s happening even now. With unemployment high, the rich offer part-time jobs and reduced salaries, which you accept, both reluctantly and gratefully, while you do without proper health care, education, food, housing and all the other things no American should lack.

Corporations profit while the populace suffers.

The sequester, once considered outrageously so harsh, no politician would dare allow it to happen, now is the norm from which further cuts will be made.

The right wing (including Republicans and Democrats, there being no left wing in America) continues to demand ever more cuts in government spending.

They want you to believe the lies.

And the rich want slaves.

Please sir, a dollar to feed my children?

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 federal deficit growth 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.
======================================================================================================================================================================================

How can al Qaeda destroy America?

Not by crashing airplanes into two New York skyscrapers. That killed four thousand people out of a total of 300 million. (It also resulted in drones killing lots of al Quada. Not a good net result for a terrorist.)

Not by planting the occasional bomb, for instance at the finish line of a marathon. That’s not going to destroy the most powerful nation in world history. And, not with sarin gas or anthrax. Those would be mere pinpricks on an elephant’s tail.

The heart of America is the American economy. To destroy America, al Qaeda must destroy the American economy. How could they do that?

1. Al Qaeda could tell Americans the economy’s money source — the federal deficit — should be shut down.

Al Qaeda could help brainwash the populace into believing falsely, that federal finances are like personal finances, in which debt is a danger. People must not be allowed to understand that federal deficits are the government’s method for growing the economy, and that taxpayers do not pay for those deficits.

Above all, do not allow Americans to understand: GDP = Federal Spending + Non-federal Spending + Net Exports.

2. Al Qaeda should turn Americans against each other. Spread the myth that the poor are “takers” and that the rich are “makers.”

Tell the populace that people without health insurance are at fault for their own misery, as are the unemployed, the ill-educated, the ill-housed and the ill-fed.

Al Qaeda should tell Americans the BIG LIE, that federally supported health care, unemployment insurance, food stamps, food and drug regulation, bank and financial market regulation, and most other federal spending are unaffordable, encourage sloth, discourage self-reliance, and must be paid for by American children.

Fool the people into supporting “debt ceilings,” increased FICA, “broadening” the tax base, the sequester, elimination of the Affordable Care Act, reduced Social Security benefits, reduced aid to education and reduced aid to the poor and “Go Big” (on deficit reduction).

Tell people to ignore the words of William Dudley, President of the New York Federal Reserve Bank, who on September 23, 2013, said:

In particular, it is still hard for those who are unemployed to find jobs. Currently, there are three unemployed workers per job opening, as opposed to an average of two during the period from 2003 to 2007.

Al Qaeda should hide the fact that not only is American unemployment still near highs, but low-paying, part-time work is well above record highs.

(None of this paints a picture of a lazy workforce, looking for government freebies, rather than working. Instead, it is a picture of economic desperation — former executives as Walmart greeters — exactly what al Quada should support.

3. By turning Americans against each other, and by widening the gap between the rich and the rest, al Qaeda could foment civil disobedience, which when met with resistance, even could devolve into revolution (God willing), with Americans killing Americans. (They could name it the “American spring.”)

4. Al Qaeda should help arm Americans, to make it easier for us to kill each other. Mischaracterize the 2nd Amendment, which specifically refers to a “well-regulated militia” and was written at a time of muskets and swords, to mean that every American should carry high powered guns with large ammo clips, everywhere we go.

In this way, Americans will do what al Qaeda wants done, but has been unable to do: Kill thousands upon thousands of Americans. And as the killing increases, more Americans will be persuaded to carry even more lethal guns for “self-defense,” in an unending, upward helix of murder, defense and more murder.

5. Al Qaeda should support the radical ideas promulgated by The Committee for a Responsible Federal Budget, the Club for Growth, the National Rifle Association, the Koch Brothers, Erskine Bowles and Alan Simpson, Pete Peterson and other right-wingers who favor activities helpful to al Qaeda’s goals.

Instead of working alone, al Qaeda should seek out those already helping to destroy America, and work with them. The first step might be to contact U.S. Senator Ted Cruz (R-TX).

Just a thought.

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 federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.

#MONETARY SOVEREIGNTY