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

As every right-thinking person knows, there is too much government regulation. The proof: See excerpts from the following article:

HuffPost
House Republicans Just Quietly Passed A Bill Gutting Hazardous Waste Legislation
Kate Sheppard
01/10/2014 3:19 pm EST

WASHINGTON – The House of Representatives passed a bill called the Reducing Excessive Deadline Obligations Act that would remove requirements the EPA periodically update and review solid waste disposal regulations, and would make it harder for the government to require companies that deal with hazardous substances to carry enough insurance to cover cleanup.

The bill would also require more consultation with states before the government imposes cleanup requirements for Superfund sites — places where hazardous waste is located and could be affecting local people or ecosystems.

The bill passed by a vote of 225 to 188, largely along party lines. Four Republicans voted against it, and five Democrats voted for it.

The environmental group Earthjustice has said the bill would “gut” the Superfund program, which was created in 1980 to ensure that polluting industries pay to clean up hazardous sites.

“The bill’s requirements could result in significant site cleanup delays, endangering public health and the environment,” President Obama’s advisers wrote.

Clearly, the House is dominated by right-thinking people.

Washington Post
West Virginia residents cope, with days of water woes still ahead after chemical spill
By Joel Achenbach, Published: January 12

“DO NOT USE WATER,” say the signs taped over sinks at the airport, and in the State Capitol the sinks are entirely wrapped in plastic bags.

People line up for free water at the fire stations or buy it at the Dollar General — $1.60 for a 20-ounce Dasani, $39 for a flat of 24 bottles.

A chemical used in coal processing has leaked from an old tank along the Elk River and invaded the water supply, a crisis that has affected nearly 300,000 people in nine counties and effectively closed the largest city in the state. You can’t drink the water, bathe in it or do laundry with it. It’s good only for flushing.

Two state employees tracked the leak to Freedom Industries. Monday will mark the fifth day of the water emergency.

Only five short days (and counting) without water? What are these people complaining about?

The bigger problem is the excessive regulation that an innocent private company like Freedom Industries is forced to endure at the hands of an excessively intrusive government.

An attorney for Freedom Industries provided a reporter with a news article saying that the chemical is not very toxic.

See, it’s not very toxic. Just a little toxic. Nothing to worry about.

I’ll tell you what is toxic. Those excessive regulations that require no poisons in our food and water — they are toxic. And excessive regulations that require food and clothing to be labeled properly and not to contain botulism or other poisons, and excessive regulations against crooked Wall Streeters from stealing your savings, and excessive regulations against retailers who sell you fake Gucci watches at exorbitant price — you know, those kinds of excessive regulations.

Thank goodness we have right-thinking protectors of the rich to defend us from excessive waste disposal and hazardous substance regulations.

A lot of that stuff isn’t very toxic, anyway.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (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 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. 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.
======================================================================================================================================================================================

The ultra-rich of the world, of America and of your state, county and city, have a simple, two-pronged system for world domination: Disinformation and Privatization.

DISINFORMATION
The disinformation revolves around the federal deficit. The ultra-rich, right wing has established numerous “think tanks” (propaganda tanks) to spread The Big Lie — the lie that the finances of a Monetarily Sovereign government (as is the U.S. government) are the same as the finances of monetarily non-sovereign entities like you and me (and the states, counties and cities).

An example of this is President Obama’s oft-repeated statement: “We need a government that lives within its means.” It is, of course, an absolute, unmitigated lie.

His lie implies that the federal government is like you and me, and so should spend no more than the money it receives (in taxes).

But, a Monetarily Sovereign government, creates its sovereign currency ad hoc, by spending. It has no “means.”

The best (worst?) execution of The Big Lie was committed by John Boehner, who famously said, “Let’s face it. We’re broke.”

We weren’t “broke” then. We aren’t “broke” now. And it is 100% impossible for the United States ever to be “broke,” if being “broke” means we couldn’t pay our bills.

(Due to Boehner et al, American citizens are going broke — the inevitable result of The Big Lie.)

The Big Lie disinformation has been spread throughout the U.S. and the world, by the politicians, the media and the world, all of whom have been bribed by the ultra-rich.

The politicians have been bribed via campaign contributions and promises of lucrative employment, later. The media are owned by the ultra-rich. And the economists are employed by universities that have been bribed via donations from the ultra-rich.

Together, they constitute one prong of the ultra-rich program for world domination. The second prong is:

PRIVATIZATION:
This begins with the unproven, completely false propaganda that the private sector always is more efficient, more caring, more creative and more productive than the public sector. Time and again, that has proven not to be true.

The infamous Richard M. Daley, former mayor of Chicago (a monetarily NON-sovereign government), did not let the city live within its means. He spent recklessly, much on bribes to the unions, who helped re-elect him, thus accumulating huge, unsustainable debts.

To pay these debts, he began to privatize assets of Chicago — a toll road went first. The city’s parking meters were privatized next. In both cases, the assets were sold at a steep discount, enriching the wealthy investors who bought them.

(Chicago’s 2nd largest airport, Midway, was next in line, but thankfully, Daley retired before he could commit another larceny on behalf of the rich.)

Tolls and parking rates went up enormously, the rich will continue to rake in excessive profits for the next hundred years (the term of the contracts), Chicago no longer will receive the financial benefits of these assets, and the citizens will pay the price.

The rich right wing repeatedly has tried to privatize Social Security, so that the public would be required to invest with Wall Street brokers, rather than having an assured, safe income from the government. The economic disaster of 2008 demonstrated the folly of that approach.

Consider these excerpts from an article in the blog called “Truthdig”:

Goodbye to the U.K.’s National Health Service?
Alexander Reed Kelly; Jan 10, 2014

National Health Service official Kailash Chand predicts the inexpensive and efficient nationalized system could be replaced by a largely privatized version involving worse “access, equity, health outcomes and cost” within five years.

The service is ready to be sold in pieces to private corporations by Prime Minister David Cameron and MP and Secretary of State for Health Jeremy Hunt, both members of the Conservative Party.

[Chand said,] In the past two years, £11bn worth of our NHS has been put up for sale, while 35,000 staff have been axed, including 5,600 nurses. Half of our 600 ambulance stations are earmarked for closure. One-third of NHS walk-in centres have been closed and 10% of A&E units have been shut. Waiting lists for operations are at their longest in years as hospitals are consumed by the crisis in A&E.

This privatization not only is supported by the false dictum of deficit reduction, but also by the equally false dictum of private cost efficiency vs. public cost inefficiency.

First, deficit reduction for a Monetarily Sovereign nation is a path to economic disaster. To grow economically, Monetarily Sovereign nations need to increase, not decrease, deficit spending.

Second, not only is for-profit industry often LESS cost efficient than public industry, but a Monetarily Sovereign government doesn’t need to be cost efficient.

Assume, for a moment, that a certain project could be accomplished at a cost of $1 million by a for-profit company, and that a Monetarily Sovereign government would pay $2 million for the same project. Which approach is better for the economy?

The answer: The $2 million, government approach is better, because it pumps an additional $2 million into the economy and into the pockets of the citizens.

In summary, the two-pronged plan, the two-headed monster — Disinformation and Privatization — is being sold to the middle class as a necessary, desirable and efficient program for economic progress.

It is just the opposite: an unnecessary, undesirable and inefficient program for economic regress and for widening the gap between the rich and the rest.

Deficit reduction and privatization are devices used by the rich to widen the gap between them and the non-rich. That is their sole purpose.

You won’t hear this from the politicians; the rich have bribed them. You won’t hear it from the media; the rich own them. You won’t hear it from the economists; they work for the rich in universities and right-wing think tanks.

But you heard it here, and now you know.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (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 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. 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.
======================================================================================================================================================================================

Recently, Republicans have entertained us with a combination of screw loosedness, mia culpidness and downright “I-see-nothing; I-know-nothingedness”: Sarah (Russian expert) Palin, Newt (marriage expert) Gingrich, Rick (God expert) Santorum, Rick (dumber than Bush II) Perry, Michele (even dumber than Perry) Bachmann, Herman (nein, nein,nein) Cain, Ted (shut down America) Cruz, and Marco (If I had a mind, I’d make it up) Rubio to name just a few.

These are the strange people to whom the Tea/Republican Party has given its love.

Today we are treated to Chris Christie, who follows in the happy tradition. I won’t bore you with the details of his story. You’ll be treated to them daily, for the next few months.

Let’s just say that in a fit of bully anger, this Republican Presidential Candidate decided essentially to close the busiest bridge in America, so as to punish a couple of Democrats, and in the process endangered the lives of several critically ill people, while inconveniencing thousands and costing a community hundreds of thousands.

And though this scandal began months ago, Christie somehow never asked anyone about it, only recently discovered it, denies ever knowing about it, feels sad he did it though he didn’t do it, and to protect his own butt, he fired a few people, who trying to stay out of jail, now have taken the Fifth.

Whew!

Hmmm . . . Let’s see. Boss is a mean, vindictive SOB. He hires underlings in his own mold. His underlings are only too happy to screw anyone in the Boss’s way. But they slip up and are caught doing something illegal. Of course, the Boss denies everything and to protect himself, he fires everyone. It all sounds so familiar. Hmmm . . .

Song Lyrics:
Haldeman, Ehrlichman, Mitchell And Dean
(written by Bob Warren)

We’re Haldeman, Ehrlichman, Mitchell and Dean
The way we’ve been treated is really obscene
To think that a bug worth hardly a shrug
Could end up by getting us tossed in the jug

We all got the gate for no reason or rhyme
You’d think we’d committed some horrible crime
Our minds may be dirty, but our hands are clean
We’re Haldeman, Ehrlichman, Mitchell and Dean

We’re Haldeman, Ehrlichman, Mitchell and Dean
Our job was to see that the White House stayed green
We might have had flaws, like bending the laws
But God only knows it was for a good cause

There’s no power shortage where we were concerned
And what little profit resulted, we earned
For lovelier fellows you never have seen
Than Haldeman, Ehrlichman, Mitchell and Dean

We’re Haldeman, Ehrlichman, Mitchell and Dean
Our past has been fat, but the future looks lean
With backs to the wall, we’re taking the fall
But dammit, we only robbed Pete to pay Paul

Just when we were getting to be well-to-do
The Watergate turned into our Waterloo
And now everybody is out to demean
Poor Haldeman, Ehrlichman, Mitchell and Dean

Yes, we’re Haldeman, Ehrlichman, Mitchell and Dean
We’re perfectly willing to spill every bean
We’ve nothing to hide, with God on our side
He knows we were only along for the ride

But so it won’t come as terrible blow
There’s one little thing that we think you should know
Whatever we say isn’t quite what we mean
We’re Haldeman, Ehrlichman, Mitchell and Dean

Oh yes, we’re Haldeman, Ehrlichman, Mitchell and Dean
Things won’t be the same when we’re gone from the scene
But people will still recall with a thrill
Our sell-out performance on Capitol Hill

It just isn’t fair to take all of the blame
When all we were doing was playing the game
Now all of Washington’s caught in between
Haldeman, Ehrlichman, Mitchell and Dean

Economics may be the dismal science, but you can’t beat politics for entertainment.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (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 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.
======================================================================================================================================================================================

Misdirection: How the rich win the war against our democracy

There are but a handful of the rich versus hundreds of millions of the non-rich. Yet the rich are winning their war against democracy. They are taking ownership of America.

How is this possible in our nation where we non-rich have the majority of votes at every level – from the smallest towns to big cities, counties, states and the country as a whole?

Some might think it’s mere bribery, in which the rich pay the politicians, the media and the economists to parrot The Big Lie – the false notion that the federal deficit must be reduced. The Big Lie always leads to less going to the non-rich and more going to the rich (who characterize themselves as the “makers”).

There is a great deal of truth to the bribery idea. The president and all of Congress, with the connivance of the Supreme Court, are bribed by unlimited campaign contributions, plus promises of lucrative employment later (the “revolving door”).

And the rich own the media, which broadcast The Big Lie. And the universities that employ economists are bribed by large contributors to justify The Big Lie. So yes, the economist parrot The Big Lie.

Bribery is an important weapon in the war against democracy.

But still, it leaves open the question, how is it that we non-rich, outnumbering the rich by a million-to-one, still cannot see the plain results in front of our noses – the widening gap between the rich and the non-rich, the eroding quality of life for we non-rich compared to the magnifying wealth of the rich.

How is it that we non-rich refuse use our democratic voting power to take back our rights?

One stands in awe at the fervor displayed by voters in arguing about which political party is better. How, one wonders, can any person favor either party so mightily, when both parties take part in our defeat and the defeat of democracy?

And the answer is: Misdirection.

To any voter, the biggest issue should be well-being. A rational voter should ask himself, “What is this party or this politician doing (not just saying) to improve my life and the lives of those for whom I care?

But that is not what we non-rich are asking. The rich have misdirected us into fighting lesser battles.

They have misdirected us into battling about abortion and exactly how many days or months of gestation make a sentient human.

They have misdirected us into battling about guns and “stand your ground” and what the Second Amendment really means by “well-regulated militia”.

They have misdirected us into battling about gay marriage and gay adoption and gays in the military.

They have misdirected us into battling about whether the unemployed are clever slackers, and who would rather sleep than work.

They have misdirected us into fighting over creches and crosses on public land, and whether religion should be taught in the public schools.

They have misdirected us into worrying about which politician had an affair and which was divorced and which smoked marijuana in college and which still does, and whether the President was born in Hawaii and who put their genitilia on YouTube.

They have misdirected us into fighting about the details of becoming an American citizen and should it take ten years or seven years or three years, and if the parents are not citizens but the children were born here so should they be sent back? And how many border guards are needed between us and Mexico.

They have misdirected us into fighting about jail terms for different kinds of cocaine use and heroin use, and whether jail is appropriate at all.

And the rich love it. Misdirected, we don’t pay attention to the fact that the rich are stealing our lives.

We neither care nor even notice that their (not our) bribed government is giving us less and less, while giving them more and more.

We don’t seem to have much passion about the fact that the gap between the rich and the non-rich keeps growing.

As long as the rich keep us fighting about relative minutia, we won’t have energy or attention to fight for our lives. So the battle will be won, done and over – and we still will be battling over silliness, when we already have lost the war.

Pickpocketing is a form of larceny that involves stealing from a victim without their noticing. It requires misdirection.

And that is how the vastly outnumbered rich are picking our pockets, stealing our wallets and winning their war against our democracy.

Misdirection.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (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 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