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

THE GAP.

THE GAP actually is a series of income/wealth gaps between the very rich, the rich, the not-so-rich and down the line to the very poor.

Every income/wealth group wants the gaps below them to widen and the gaps above them to narrow. For the very rich, all gaps are below them, so general gap widening is the goal.

The GAP is what makes the rich rich, for without the GAP no one would be rich, and the wider the GAP, the richer they are. So it is the GAP, not just income, that is of primary importance to the very rich.

It is the very rich who run this and all nations, by bribing politicians (via campaign contributions and promises of lucrative employment later), “bribing” the media (via ownership) and bribing economists and other thought leaders (via contributions to universities and “think” tanks).

The ever-widening GAP is the single most serious problem in all of economics.

The rich have a simple plan for widening THE GAP: Claim that the central government cannot afford to provide benefits to the lower income groups, so these benefits must be reduced, reduced, reduced. This is known as the BIG LIE.

Here is one example of how Australia puts the BIG LIE into practice.

Australia Considers Cuts to Rein in Second-Smallest Debt
By Benjamin Purvis and Candice Zachariahs May 1, 2014

Australia may sell assets and cut welfare spending to rein in a debt burden that is already the second-smallest among developed nations.

Australia is Monetarily Sovereign. It has the unlimited ability to create its own sovereign currency. So there is no debt “burden.”

Nevertheless, this mythical “burden,” despite being the “second smallest among developed nations,” provides sufficient excuse to continue widening THE GAP.

Australia will sell government assets to rich people at low prices. And, of course, Australia will continue to cut spending that benefits the poor — a perfect one-two punch that will reward the rich and punish the rest.

Australian Treasurer Joe Hockey will deliver his first budget on May 13 — Recommending savings of as much as A$70 billion ($65 billion) a year within a decade. The independent body, led by former Business Council of Australia President Tony Shepherd, wants the government to commit to achieving surpluses over the economic cycle.

former Business Council of Australia President Tony Shepherd, wants the government to commit to achieving surpluses over the economic cycle.

Translation: The Australian government not only will take money from the poor, but will take so much money out of the economy that an inevitable recession will cause massive unemployment and hardship. The rich then will be able to pay less to a larger selection of unemployed, desperate servants.

The government should sell off rail and postal assets, cut family welfare payments and make changes to age pensions and unemployment benefits, the report advised.

The Treasurer announced today that the government would raise the eligibility age for the state pension to 70 by 2035. It now stands at 65 and is scheduled to increase to 67 by 2023.

“The age pension expenditure today is currently more than what we spend on defense,” Hockey said at an event in Melbourne. “This is about the long-term sustainability of our system.”

Translation: The rich will buy rail and postal assets at a steep discount, then immediately raise prices. Not-rich families will pay more and receive less. (Chicago’s latest Mayor Daley was particularly adept at this scam.)

“Sustainability” is the magic word of the BIG LIE, since it pretends that somehow a Monetarily Sovereign government can run short of its sovereign currency.

Hockey said while he was not planning to implement an austerity budget, the fiscal strategy would be prudent and underpin the productive capacity of the economy.

See, it’s like this. Cutting benefits is not austerity. It is . . . er, uh . . . “prudence.” And by some mathematical magic (don’t ask how), reducing the nation’s money supply (i.e. running a surplus) will “underpin” (?) the economy’s productive capacity.

As everyone knows, to cure anemia you must apply leeches and bleed the patient. Right?

The Treasurer announced today that the government would raise the eligibility age for the state pension to 70 by 2035. It now stands at 65 and is scheduled to increase to 67 by 2023.

Translation: Eventually, the not-rich will be told to work until they drop. The ultimate goal is zero pension and zero welfare spending. That would make for a perfect slave class.

As long as the people are ignorant enough to believe the bribed government’s BIG LIE, the rich will continue to push the people down, down, down.

. . . Until the populace realizes what is being done to them, turns back and cries, “Let there be guillotines.””

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

What parts of the following two stories are “good news” and what parts are “bad news”?

First, the “General Motors” story:

U.S. Lost $11.2 Billion in GM Bailout, TARP Report Says
By Tim Higgins Apr 30, 2014

The total includes $826 million that the Treasury wrote off in March for its remaining claim in old GM. In December, the government had put the loss at about $10.5 billion on its $49.5 billion investment.

The Treasury sold its remaining shares in GM in December. While the government lost money, its exit paved the way for an influx of fresh investor capital.

Warren Buffett’s Berkshire Hathaway Inc. and State Street Corp. were among investors to buy into GM. J. Kyle Bass’s Hayman Capital Management LP also took a stake in GM.

And now, the “offshore” story:

IRS Chief Says It Can’t End Companies’ Offshore Tax Deals
By Richard Rubin Apr 30, 2014

The U.S. Internal Revenue Service probably can’t take regulatory action to stop companies from lowering tax bills through deals that put their legal addresses outside the country, IRS Commissioner John Koskinen said.

Pfizer Inc. (PFE) this week proposed the biggest such deal yet, a $98.7 billion takeover of AstraZeneca Plc (AZN) that would move the largest U.S. drugmaker to the U.K. for tax purposes and allow it to pay a lower tax rate.

Pfizer would join at least 19 other companies making or contemplating similar transactions, including Chiquita Brands International (CQB) Inc. and Omnicom Group (OMC) Inc., the largest U.S. advertising firm.

Cracking down on deals in which U.S. companies move their legal address outside the country to pay lower taxes is a priority for the Obama administration, a Treasury Department official said yesterday.

The official, who requested anonymity to discuss the administration’s plans, said the transactions emphasize the need for a revision of the U.S. tax code that includes reducing rates. Earlier this year, the administration proposed making the deals, known as inversions, harder to accomplish.

The U.K.’s rate is 21 percent and will decline to 20 percent next year, with no tax on active businesses outside the country.

In contrast, the top U.S. corporate rate is 35 percent. Companies also must pay U.S. taxes when they repatriate foreign profits, after receiving credits for foreign taxes.

(Current U.S.) law prevents companies from receiving the tax benefit of an overseas merger if their existing shareholders still owned 80 percent or more of the company’s stock after the deal.

In his budget plan released this year, President Barack Obama proposed lowering the 80 percent threshold to 50 percent. That plan would raise $17 billion for the U.S. Treasury over the next decade.

Some members of Congress, including Democratic Senator Jeanne Shaheen of New Hampshire, have introduced bills that would tax inverted companies as domestic if they are managed and controlled in the U.S.

So what is the good news and what is the bad news? Regular readers of this blog know the right answers. The answers by those who do not understand Monetary Sovereignty, will be wrong.

Everything that subtracts dollars from the U.S. private sector is economically bad news. Conversely, everything that adds dollars to the private sector is good news.

Dollars going to or from the federal government are irrelevant, since the government, being Monetarily Sovereign, has the unlimited ability to create dollars and neither needs nor uses incoming dollars.

So, among the good news phrases are:
*”U.S. Lost $11.2 Billion in GM Bailout” ($11.2 billion added to the U.S. economy)

*”While the government lost money . . .” (i.e. the economy gained money)

*”IRS Chief Says It Can’t End Companies’ Offshore Tax Deals” (The IRS will take fewer dollars from U.S. corporations, i.e. from the U.S. economy.)

*”. . . move the largest U.S. drugmaker to the U.K. for tax purposes and allow it to pay a lower tax rate.” (More dollars will remain in the U.S. economy).

*” . . . includes reducing rates . . . ” [Lower taxes strengthen the economy.]

.

Among the bad news phrases are:
*”The Treasury sold its remaining shares in GM in December.” (Money was deducted from the private sector)

*”Cracking down on deals in which U.S. companies move their legal address outside the country to pay lower taxes is a priority for the Obama administration . . .” (Obama wants to reduce the U.S money supply.)

*”The U.K.’s rate is 21 percent and will decline to 20 percent next year, with no tax on active businesses outside the country. In contrast, the top U.S. corporate rate is 35 percent. Companies also must pay U.S. taxes when they repatriate foreign profits, after receiving credits for foreign taxes.” (Not only does the U.S. government take more from the private sector than do other governments, but these taxes make U.S. industry less competitive in world markets).

*”President Barack Obama proposed lowering the 80 percent threshold to 50 percent. That plan would raise $17 billion for the U.S. Treasury over the next decade.” (The U.S. economy would lose $17 billion.)

*” . . . the top U.S. corporate rate is 35 percent . . . ” (The highest in the world, taking the most money out of the U.S. economy.)

*”. . . members of Congress . . . have introduced bills that would tax inverted companies as domestic if they are managed and controlled in the U.S.” (More money would be taken from the U.S. economy).

Bottom line: The next time you read or hear that the federal government “lost” money, that probably is good news, particularly if the private sector made money. But if the federal government “made” money, that’s bad.

[The situation is different for state and local governments, which are not Monetarily Sovereign.]

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. 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 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 can discern America’s directions by what appears in our press. Here are two real news stories, together with their imagined possible outcomes.

Real Story: Donald Sterling:

“Monday,” the now famous bigot, Donald Sterling, tells his girlfriend in a private conversation, that he doesn’t want her to associate in public with black people. She secretly records his comments.

Americans are shocked to learn there are bigots in this country. This becomes the biggest news story for many days, as all news and comedy shows reference it.

The NBA fines Sterling $2.5 million and costs him many millions more by barring him from everything basketball, and attempting to strip him of his team.

Possible outcomes:

“Tuesday,” an NBA owner tells his girlfriend in a private conversation, that gay people are an abomination, and will go to hell. She secretly records his comments. He loses his team.

“Wednesday,” an NBA owner tells his girlfriend in a private conversation, that Jews killed our Lord and Savior, and the Holocaust not only never happened, but also was just deserts for their crime. She secretly records his comments. He loses his team.

“Thursday,” an NBA owner tells his girlfriend in a private conversation, that Mexican immigrants are “wetbacks” and food stamp “takers,” and should all be sent to jail or back to Mexico. She secretly records his comments. He loses his team.

“Friday,” an NBA owner tells his girlfriend in a private conversation, that native Americans are lazy savages, drunk on firewater, and who aren’t real Americans. She secretly records his comments. He loses his team.

“Saturday,” an NBA owner tells his girlfriend in a private conversation, that the Pope and his Catholic priests spend their time buggering young boys and stealing millions from the poor to pay for the Vatican. She secretly records his comments. He loses his team.

“Sunday,” NBA owners tell their girlfriends in private conversations, that the Irish are “drunks,” the Italians are “mafiosa,” the Muslims are “terrorists,” whites are “rednecks” and “honkeys,” women using contraceptives are “whores” and raped women were “asking for it.” All the girlfriends secretly record the comments. All the owners lose their teams.

As a result, every owner, every coach and every player has been punished financially and ejected from the NBA, for expressing, in private, any bigotry they have held.

==========================================================================================================================================================================
And then there’s this real story:

Mass. Legislature and Gov. Fork Over $177 Million in State Taxes to the Pentagon
An Imperial Scam Coming to Your State Soon
by John V. Walsh

“Monday:” Governor Deval Patrick signed into law a bond bill that dispenses $177 million in Massachusetts State Taxes to the Pentagon for construction and “upgrades” of U.S. military bases in the state.

Meanwhile cities and towns are in dire need of more state aid for schools and other crucial spending, like ravaged roads, crumbling bridges and decaying senior centers. Taxes have been raised in many cities and towns because of the lack of such funds from state coffers, further burdening the taxpayers.

Similar legislation, for $40 million, has already been enacted in Connecticut for the Naval Submarine Base in Groton. And there is rumor that similar legislation has been proposed in other states.

Thus the $40 million in Connecticut and the $177 million in Massachusetts may well serve as pilots for more giveaways by other states. In fact it is likely that states which refuse to pony up may be threatened with loss of their military bases and the jobs that go with them, setting off an unseemly bidding war.

Possible outcomes:

Tuesday: The bidding war does continue, with each state contributing more and more to the federal government for construction and upgrades of federal facilities.

“Wednesday”: To pay for its continually increased bidding, Connecticut raises taxes, again.

“Thursday”: Connecticut financially is forced to reduce support for public schools, roads and bridges, police and fire departments.

“Friday”: Other states follow Connecticut’s lead.

“Saturday: The federal government begins to charge the states, not only for construction and upgrades, but also for federal salaries.

“Sunday”: Nationally, public education, roads, bridges, police and fire departments are devastated, local taxpayers impoverished, and all states lose the ability to pay their bills.

The President and Congress of the United States (which has the unlimited ability to pay its bills, even without taxes), boast about running a federal surplus. They admonish the states to be more frugal and monetarily prudent.

Which of the above outcomes is more realistic and which is more important to you?

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

Just when you think gun nuts could not possibly become more stupid, they outdo themselves. These ardent defenders of the Constitution (when it suits their purposes) have taken one more step into total insanity:

Gun enthusiasts’ stalk and threaten CEO after she develops weapon only owner can fire

Armatix, a German company, has developed so-called “smart guns” that can only be fired by the owner. The company uses a watch that ties the owner to the weapon, called the iP1. Armatix is already selling the personalized weapons in Europe and Asia.

Belinda Padilla, president and CEO of the U.S. division of firearm manufacturer Armatix, says she was stalked and threatened by “gun enthusiasts” after she tried to bring a safer handgun to market.

She said it began with a “few fuming-mad voice mail messages and heavy breathers” that got her to stop answering her phone.

And then photos of her home were posted online.

You see, to a brave heavy breather, even a slightly safer gun is a threat.

The Oak Tree Gun Club near Los Angeles had agreed to sell the Armatix smart pistol until Calguns.net, a forum of second-amendment rights advocates, found out about the news.

“I have no qualms with the idea of personally and professionally leveling the life of someone who has attempted to profit from disarming me and my fellow Americans,” one comment said.

Actually, the level of cowardice and paranoia among gun nuts is go great, they fear virtually everything. Here is what NRA Executive Vice President Wayne LaPierre told his cheering members:

“We know, in the world that surrounds us, there are terrorists and home invaders and drug cartels and carjackers and knockout gamers and rapers, haters, campus killers, airport killers, shopping mall killers and killers who scheme to destroy our country with massive storms of violence against our power grids, or vicious waves of chemicals or disease that could collapse the society that sustains us all.”

Gun nuts need their guns to ward off all those terrorists and the drug cartels. (How many terrorists and drug cartels have you stopped lately?)

And, of course you stand in front of the electric company’s power stations to prevent killers from “storms of violence against our power grids“? (Or do you fire your gun up at lightening to prevent those “storms of violence” that knock out your electricity?)

And finally, yes, your gun will be great to have against “vicious waves of chemicals or disease.” (Shooting poisonous chemicals and bacteria takes real marksmanship.)

Have you ever seen movies of Germans joyously cheering Adolf Hitler’s insane rantings against mythical enemies? That is the picture of the NRA crowd cheering LaPierre’s mouth frothing insanity.

And then there’s gun nut Sarah Palin’s speech, also to the NRA:

“Actions to stop terrorists who’d utterly annihilate America and delight in massacring our innocent children? Darn right I’d do whatever it takes to foil their murderous jihadist plots – including waterboarding.

“If I were in charge, they would know that waterboarding is how we baptize terrorists.”

To this gun nut, torture is akin to the religious rite of baptism.

But, as the saying goes, “What goes around, comes around.” After Sarah Palin wrung her hands about a terrorist “massacring our innocent children” we get this:

Georgia cops defend man with gun who scared parents at children’s baseball game

(An) unidentified Georgia man with a gun in his holster brought a baseball game to a screeching halt at a Forsyth County park this Tuesday, after he refused to leave a parking lot overlooking the field.

“He’s just walking around [saying]’See my gun? Look, I got a gun and there’s nothing you can do about it.’

He knew he was frightening people. He knew exactly what he was doing,” mom Karen Rabb told WSB-TV. “He scared people to the point where we stopped the game, took the kids out of the dugout and behind the dugout, and kind of hunkered down.”

If it weren’t so sad, the irony would be delicious:

One day after the incident, Gov. Nathan Deal signed Georgia’s House Bill 60, which allows licensed gun owners to carry their weapons in bars without restriction and in some churches, schools and government buildings under certain circumstances.

“Bars” is good. What could possibly go wrong when a drunk has a gun? After all, that drunk is going to protect us against bacteria and power outages.

And kids playgrounds is even better. If an angry father disagrees with an umpire’s call, he can just blow that umpire away. Haven’t we all felt like doing that.

And what if the kid pitcher hits your kid with a pitch. Good thing you have your trusty .45 handy. Blammmo!

But there’s more:

Yes, it’s a community where we cling to our religion and our guns,” said Georgia House Speaker David Ralston.

I must have missed the part of the bible where it talks about everyone carrying a killing machine, everywhere. Must be the New, New Testament.

But finally, a little common sense?

“When I was reading my son’s story last night, he turned to me and said ‘Mommy, did that man want to kill me?'” said Rabb. “I own a gun. I have no problems with the Second Amendment. But they do not belong in a parking lot where we have children everywhere. If you want to make a statement, go to the Capitol.”

Right, don’t endanger our kids (Even though the Constitution clearly states that everyone should be able to carry any gun, anywhere. Right?)

Instead, do as Mrs. Rabb says. Go to the Capitol and shoot some politicians.

Finally, a voice of reason.

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. 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 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