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

You may believe the Tea/Republicans learned their lesson after such as Herman Cain, Michele Bachmann, Rick Santorum, Newt Gingrich, Rick Perry and other assorted nuts, each of whom, amazingly, was at one time, a leading contender.

Thankfully, Bachmann is planning to retire, Gingrich probably is out chasing women, Santorum is busy telling people what God thinks, and Perry is occupied preventing blacks and Latinos from voting. But now we will be treated to Ben Carson (who?)

Read these excerpts from an ad that ran in the far right paper, the Washington Times:

Dear Friend,
I implore you to sign the petition urging Dr. Ben Carson to run for President of the United States. Why? Here are 3 reasons…
*He is the only candidate who is sure to win.
*Ben Carson will heal America. He will unite us.
*Ben Carson is a Tea Party conservative.

Yes, Tea Party conservatives are known for healing us and uniting us — oh, except for blacks, browns, gays, women wanting an abortion, the poor, the middle, immigrants, Muslims and other non-Christians and people who want their food and drugs inspected and bank accounts insured.

Why is Ben Carson Sure to Win? In 2011, internal polls showed that Republican Presidential candidate Herman Cain was backed by 40% of black Americans. Mr. Cain was well liked, but Dr. Carson is a national hero in the black community.

If Herman Cain could poll 40% of the black vote running against a black candidate, just imagine what percent of the black vote Dr. Ben Carson would receive running against Hillary Clinton or any other far left white Democrat!

See, Ben will unite us by running a black vs white campaign, and he’s sure to win because he’s like that other sure winner, Herman Cain — only he’s even blacker.

The Democrats know their grasp on power is hanging by the thread of the lie that all conservatives are racists.

Perhaps not all. Just those who support Ben for his blackness.

In a head-to-head contest with Hillary Clinton, there’s just no way that Ben Carson will receive less than 40% of the black vote.

But remember, conservatives are not racist.

This is where Dr. Carson stands on the important issues of our day:
Obamacare. Repeal it! Replace it with a free market health savings account.

“Yes, if you have the savings, you can buy the health. Otherwise . . . ”

Taxes. Make it flat and make sure that everyone has skin in the game. Everyone pays.

“You, Warren Buffett and Bill Gates all will pay the same percentage. That seems fair, doesn’t it?”

Abortion. End it now! It is barbaric.

“So what’s wrong with millions of impoverished, unwanted, homeless kids and pregnant teenagers?”

Illegal Immigration. Listen to the American people, secure our borders. End it.

“No, I’m not talking about Canadians, French, Italians or the British. I mean those Mexicans.”

Redistribution of Income. Stop it. It’s un-American.

“Don’t take from the rich to give to the poor. Do the opposite. A flat tax will take from the poor, and tax loopholes will give to the rich. I’ll vote for both.”

Welfare. It not only encourages self-destructive behavior, it is a trap. Replace it with a truly compassionate, free market approach that enables those on welfare to gain prosperity through employment and entrepreneurship.

“I’m compassionate. If you don’t find a well-paying job in this economy, you deserve to starve. Don’t come crawling to me, begging for alms.”

Judges. Appoint judges committed to the US Constitution.

“This is code for something, though I don’t know what. My handlers taught me to say it.”

Political Correctness. It is dangerous. It hinders progress and divides our nation.

“I prefer political incorrectness. Call me ‘colored’ and make me sit in the back of the bus. That will unite our nation.”

Right to Keep & Bear Arms. It’s a vital part of the our Bill of Rights!

“Don’t worry. You can trust me to walk into your kid’s schoolhouse with an AK47. Anyway, you can trust a teacher to defend your kid against an armed killer.”

Ben Carson is a winning candidate! But, will he run? Almost certainly! He has made it clear he will run if asked…

Ben is sitting there, by the phone, waiting for you to ask. Let’s bring some famous Tea Party compassion and sanity to the political discourse. Elect the next Herman Cain. Ben has a plan: It’s called “9-9-9.”

I hardly can wait for the next right wing crazy. Who next? Eddie Murphy?

Hilarious.

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

      The Tea/Republican plan for health care

                              and the economy:

                  

                                                    Bang!

======================================================================================================================================================================================

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

Recently, I joined 3,000 of my fellow countryman in a luncheon honoring the United States Holocaust Museum.

Speakers at the luncheon reminded us about the horrors of the Holocaust, those years in which nearly all of Europe went insane, and willingly – even eagerly – participated in the extermination of six million men, women and children.

We saw photos of wide eyed women, wondering what was about to happen to them, wondering why they were hated. We saw innocent children, many in their mothers’ arms, being shrt or carried to the poison gas and the ovens.

We saw entire economies destroyed in the name of hatred.

We were reminded, yet again, of how hatred is contagious, and how it can infect minds, overwhelming all logic, compassion and humanity. Six million people were destroyed by good friends and good neighbors, who adopted unreasoning hatred, not because of any wrong done to them, but simply because hatred is a communicable disease.

The theme of the U.S. Holocaust Museum, and all Holocaust museums throughout the world is: “Never Again.” The purpose of the United States Holocaust Museum is to document the horrors of unreasoned hated and to demonstrate the mindless depths to which humans can sink, so to prevent a recurrence.

Seeing those photos, and hearing those stories, makes one wonder, why would the Holocaust deniers, or any hate-mongers, intentionally make statements that brand them as stupid? Why would such people want to tell the world, “I am a fool”?

And why would anyone choose to follow such people?

We were reminded of how fortunate we are, to live in the United States, the most powerful and most tolerant nation, in the history of the world. Thankfully, the disease of mass hatred never could happen here, not here in the United States of America, thank God.

And yet . . . The Republican Senator from Wisconsin, Joseph McCarthy, intentionally, thoughtlessly and cruelly branded many innocent people as Communists, destroying their lives as surely as if he had put them in ovens.

For ten years, until he died, McCarthy sowed mass hatred, to further is own political ambitions. And “good” people voted for him and followed his lead.

But surely, we have learned our lesson, and it cannot happen again, here in America.

And yet . . . Whether because of the President Richard Nixon’s supposed “Southern Strategy,” or because of Independent George Wallace, or because of the Dixiecrat Party, or because of the Ku Klux Klan, the entire South, which formerly had voted Democratic, switched to vote Republican – and the fundamental reason was racial hatred.

Though many rationales were put forth, the real reason is, they voted against “nigras.”

But that was then, and this is now, and thank God, it cannot happen again, here in America.

And yet . . . Today, we have the ironically named “religious” right, a group that fosters hatred of blacks, hatred of browns, hatred of gays and lesbians, hatred of immigrants and foreigners, hatred of the poor, hatred of atheists, hatred of Jews, hatred of Muslims and all other non-Christians, hatred of anyone accepting federal benefits – mass hatred laid on millions of men, women and children whom they don’t know and never have met.

These millions of the hated are branded with such epithets as “shiftless,” “lazy,” “stupid,” “criminal,” “dangerous,” “a threat to the American way of life,” “takers,” “dirty,” “unAmerican,” “immoral,” “commies,” “pinkos” – all to justify every cruelty visited upon them.

The haters sneer at the unemployed, those on welfare and those accepting food stamps, those trying to make a better life for themselves and their children by sneaking into America because becoming a citizen is punishingly difficult and costly, those whose English is lacking, the minorities – just like in crazed, xenophobic Europe before and during WWII — just like crazed Joseph McCarthy and the black-hating South.

We shake our heads in wonderment at Europe’s insanity, while here in America, half our nation is gone mad. Half our nation accepts the religious right’s lies about the innocent. Half our nation accepts the religious right’s bigotry. Half our nation accepts hatred of people whom they don’t know.

That is why the United States Holocaust is relevant – not just to protect Jews, but to protect all the less powerful from the most powerful.

We see mass hatred everywhere – in Iran, in Iraq, in Pakistan and Afghanistan. We saw it in Ireland and see it in the west bank. And chillingly, we see it here in America, as millions of Americans follow bigots into to the mindlessness of hatred.

If you’ve not visited the Holocaust Museum in Washington, DC, or the many Holocaust museums and memorials around the world</u, you should.

You would understand, not just intellectually, but viscerally, the damage hatred causes.

Could it happen here? Is it already happening here? Could it happen to you? The good citizens of Europe, many of whom had lived there for generations, never dreamed it could happen to them – until their own friends and neighbors turned against them.

The next time you walk into a voting booth, before you pull that lever, ask yourself, “Am I voting this way because I have been manipulated into hatred of people I don’t know?”

Contrary to what the haters may tell you, a nation is not measured by the way it treats its strongest and most powerful, but rather by the way it treats its weakest and most needy.

And sadly, by that measure, America is being made weaker by people who call themselves “patriots.”

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

It has been two years since we’ve discussed this specific fact: We can have a federal deficit without a federal debt, and a debt without a deficit.

See:
“Dick Durbin succinctly expresses the basic source of Congressional economic ignorance,”

“Letter to Tony Hunter, president, publisher and CEO of Chicago Tribune Company,”

“How to enjoy the debt ceiling debates,”

“The great semantic misunderstandings of our time: Debt, deficit, fundamentalists, originalists”

and “Monetary Sovereignty: The key to understanding economics.”

So it seem like it’s time for a reminder.

When you and I spend more than we earn, we say we are running a personal “deficit,” and the total of these deficits is our personal debt. For us, debt and deficit fundamentally are connected. To have a debt, we must run a deficit.

Not so with the U.S. government, for which federal debt and federal deficit are not fundamentally connected. The U.S. government can have deficits without having any debt, and it can have debt, without running deficits.

The same words — “debt” and “deficit” — have different implications, when applied to federal finances vs when applied to personal finances.

The government runs a “deficit” when its spending exceeds its tax income. The federal government runs a “debt” when it sells Treasury securities.

The two actions are connected, not by fundamentals, but only by a law requiring their connection.

The law requires the federal government to issue T-securities in the same amount as the deficit. These T-securities do not pay for a deficit, do not offset a deficit, do not fund a deficit. They merely are issued in the same amount as the deficit.

The federal government could double its spending and eliminate taxes, to create a monster deficit, without selling a single T-security.

Similarly, the federal government could sell trillions in T-securities, while having no deficit — no difference between spending and taxing.

If you are a “lender” to the federal government, you have taken dollars from your bank checking account and deposited them into your T-security account at the Federal Reserve Bank. A T-security account essentially is a bank savings account.

Your deposit has increased the so-called “debt,” but has had no effect on the deficit. You simply have made a bank deposit, but rather than calling it a “deposit,” the media, politicians and mainstream economists misleadingly call it “debt.”

To “pay off” the federal debt, the Federal Reserve Bank does exactly the same as any bank does when “paying off” your savings deposit: It transfers dollars from your T-security savings account to your personal checking account.

Period. Done.

All the hand wringing about the federal deficit and the federal debt merely serves to confuse the public and to blur the line between personal finances and federal finances. The purpose: To reduce spending that benefits the poor and middle-classes.

In short, the argument about the debt and deficit is to make you believe the gap between the rich and the rest should be wider.

It’s done at the behest of the rich.

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