Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.
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We humans admire and envy those who have more. Though we may protest, we subconsciously or consciously try to emulate the rich and famous. They set society’s standards, and one of the standards they set is the desire to widen the gap between “us” and those “below us.”
Were there no gap, no one would be rich, and the wider the gap, the richer they are. The middle classes feel that way about the poorer classes, and one common belief is that in some way, the poorer must be at fault for their poverty.
They are lazy. They are ignorant. They are criminal. They are unmannerly. They look, smell, dress and act “wrong,” and if only they were more like us . . . If only.
The real winners in the gap widening exercise are the super-rich. The rest of us are pawns in their game. They allow us to do their dirty work.
Some time ago, I saw the movie, “Les Miserables,” the Liam Neeson verson. No singing and dancing, here. It made a great impression on me, as I had been too lazy to read the 1500 page book by Victor Hugo, the well-known preface of which is:
“So long as there shall exist, by virtue of law and custom, decrees of damnation pronounced by society, artificially creating hells amid the civilization of earth, and adding the element of human fate to divine destiny; so long as the three great problems of the century—the degradation of man through pauperism, the corruption of woman through hunger, the crippling of children through lack of light —are unsolved; so long as social asphyxia is possible in any part of the world;—in other words, and with a still wider significance, so long as ignorance and poverty exist on earth, books of the nature of Les Misérables cannot fail to be of use.”
The following article reminded of the poverty created by the dishonest and greedy richest class, and enforced upon the people by the dishonest and greedy somewhat-less-rich classes:
Irish News
31 March 2013A single adult will be allowed less than €30 a week to participate in sports activities and social events such as going to the cinema, according to austere insolvency guidelines.
Stop here and think about that sentence. Some powerful people have decided how much pleasure less powerful people are allowed.
An estimated 100,000 households will be told to live in what Fianna Fail leader Micheal Martin has described as the “fiscal equivalent of penal servitude” for between three and seven years.
Critically, the guidelines state that any decision to be made about the “reasonableness or otherwise” of living expenses under 15 separate categories will be a matter for “the creditors” to decide on a case-by-case basis.
If you are in debt, you will beg your creditors for their measure of mercy. They, from on high, will judge what level of mercy you deserve.
Banks, therefore, will have the final say on what thousands of heavily indebted individuals and families will be allowed to spend on what are widely accepted to be household basics if they wish to avail of debt relief, settlement or personal insolvency.
Under the guidelines, a single adult is to be prescribed per month: food (€274.04), clothing (€35.73), personal care (€33.73), health (€31.09), savings and contingencies (€43.33).
This is under the theory that you not only are at fault for being in debt, but your indebtedness is proof you have a child’s mind, and cannot be trusted to run your own affairs. Instead, omnipotent strangers will run your life, your spouses life and the lives of your children.
In the Sunday Independent today, Labour Senator John Whelan writes: “How this has got through a Cabinet, much less a Cabinet with Labour ministers, is beyond me.
The Irish Labour party is somewhat analogous the U.S. Democratic party, professing to be liberal but in actuality having adopted the cruelty toward the poor of the conservatives. Sound familiar, Mr. Obama?
“It will not only be the final nail in the coffin of so many people’s lives and hopes and aspirations, but it will also be a final nail for the Labour Party.
“They demonstrate that the despairing cries of many people have clearly fallen on deaf ears. We have lost our way as a party. People feel we have abandoned them. We abandoned the disabled and the carers and low income families dependent on child benefit.
“It is high time – and past it – for senior Labour people, long-serving and experienced, to stand up and be counted. We promised and pledged to protect the most vulnerable. I can’t see how we can stand over this.”
Those very words could have been spoken about Barack Obama and his followers. On one side of his mouth he pledged to protect the most vulnerable, while the other side of his mouth wants to cut social spending, negatively impacting the 99%, while widening the gap between them and the 1%.
Fianna Fail finance spokesman Michael McGrath said: “If the domestic economy is to recover, people will need to have reasonable levels of income.”
To grow the economy, people must have more spending money. Simple and obvious. Yet, the conservatives and the compliant faux-liberals, have convinced the 99% that having less money is beneficial.
People who wish to avail of the new personal insolvency legislation will have their spending restricted not only on food, clothing, personal care, health, savings and contingencies, but also on household goods, services and energy as well as communications, education, transport, insurance, housing and childcare as well as what is called “social inclusion and participation”.
The Insolvency Service of Ireland adds that its model “does not allow for the cost of a holiday”; only €2,000 is to be allowed for the cost of a car, but it will be prohibited if an applicant lives in an urban area with “adequate public transport links.”
In “Les Miserables,” starving people were reduced to begging in the streets. They were disdained by those above — inn owners, shop keepers, factory owners, who in turn, were disdained by the aristocracy.
Michael McGrath said guidelines would create a “debtors’ gaol” where more than 100,000 families will live “a subsistence-style existence” for up to seven years.
Seven years? Perhaps seven and seventy. When does it end, and how does it end?
The U.S. Republicans are the party of caste-system contempt — contempt for the poor, contempt for non-white, contempt for those whose education is lacking, contempt for gays, contempt for women, contempt for foreigners, contempt for those whose religiosity is “insufficient,” contempt for those “weak” enough to care about people rather than caring about the flag.
But the Democrats, ah the Democrats — the party that created Social Security, Medicare, Medicaid and civil rights activism and legislation, what of them? They have disappeared.
Today, in our two-party system, we have Republicans and Republicans-lite.
Compassion has disappeared. The lost American dream was for silly dreamers, not for cold-hearted “patriots.”
Ireland has an excuse, of sorts. Years ago, it surrendered the single most valuable asset any government can have: Its Monetary Sovereignty. Today, predictably, it is dying, ruled by bankers and the rich.
The U.S. government still has its Monetary Sovereignty, but at the behest of the rich, it pretends it is like a euro nation. It pretends its misnamed “debt” is “unsustainable,” and that the banks, not the people, must be protected.
Way back, on June 5, 2005, I spoke before Randy Wray’s class at UMKC, when I said, “Because of the euro, no euro nation can control its own money supply. The euro is the worst economic idea since the recession-era, Smoot-Hawley Tariff. The economies of European nations are doomed by the euro.”
Little did I know then, that the economy of America would be doomed by the same mentality that created the euro. In the eurozone, including Ireland, austerity is the inevitable result of monetary non-sovereignty. Austerity begets more austerity and a deepening death spiral of economic despair.
In America, austerity is the result of the cruelty and greed of those “above.” It appeals to our baser instincts. It allows us to feel superior, while we grow more inferior.
So we join the 1% in punishing the 99% for being members of the 99%. If you would like to see the future of America, look to Ireland. Look to Les Miserables.
Rodger Malcolm Mitchell
Monetary Sovereignty
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Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
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:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 