Tag: monetary non-sovereignty

–What is the definition of “Obamacrime”?

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

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

Obamacrime: The crime a government official intentionally ignores, waiting for the statute of limitations to run out. Obamacrimes ordinarily are associated with a quid pro quo, based on bribery of the government official.

Usage: U.S. Attorney General Eric Holder facilitated Obamcrimes by allowing criminal bankers to go unpunished.

Bill Black: Now the Justice Department Admits They Got it Wrong
Posted on September 11, 2015 by Yves Smith

By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at New Economic Perspectives

It is now seven years after Lehman’s senior officers’ frauds destroyed it and triggered the financial crisis. The Bush and Obama administrations have not convicted a single senior bank officer for leading the fraud epidemics that triggered the crisis.

The Department’s announced restoration of the rule of law for elite white-collar criminals, even if it becomes real, will come too late to prosecute the senior bankers for leading the fraud epidemics.

The Justice Department has, effectively, let the statute of limitations run and allowed the most destructive white-collar criminal bankers in history to become wealthy through fraud with absolute impunity.

When the history of the Obama Presidency is written, Obamacrime, not Obamacare, will be his legacy.

Obamacare is a complex, convoluted, Rube Goldberg invention, based on the false assertion that the federal government can’t afford Medicare for All. Eventually we, the public, will awaken and demand that our nation provide medical care for everyone. Then, Obamacare will be all but forgotten.

But Obamacrime is forever.

The Obama administration and the Department have failed to take the most basic steps essential to prosecute elite bankers.

They have not restored the “criminal referral coordinators” at the banking regulatory agencies and they have virtually ignored the whistleblowers who gave them cases against the top bankers on a platinum platter.

The Department has not even trained its attorneys and the FBI to understand, detect, investigate, and prosecute the “accounting control frauds” that caused the financial crisis.

In short, not only has the President created Obamacrime, which immunizes banker criminals from prosecution, but he is determined to hide these crimes, burying them under a cloak of public ignorance.

The only effective means to deter elite white-collar crimes is to imprison the elite officers that grew wealthy by leading those crimes.

U.S. Attorney General Eric Holder’s bank fines were useless – and the Department’s real prosecutors told him why they were useless from the beginning.

No one, of course, thinks Holder went rogue in refusing to prosecute fraudulent bank officers. President Obama would have requested his resignation six years ago if he were upset at Holder’s grant of de facto immunity to our most destructive elite white-collar criminals.

Thus, we have 100% proof the Obamacrimes of the banksters were countenanced, aided and abetted by Barack Obama, himself.

As a U.S. attorney, Loretta Lynch failed to prosecute any of the officers of HSBC that laundered a billion dollars for Mexico’s Sinaloa drug cartel and violated international and U.S. anti-terrorism sanctions. The HSBC officers committed tens of thousands of felonies and were caught red-handed, but now Attorney General Lynch refused to prosecute any of them.

In April of 2015Barack Obama appointed Loretta Lynch as Attorney General of the United States, thus assuring that Obamacrime will continue.

Not that the President is alone in his guilt. The entire Democratic Party has stood by, saying little.

Even more tellingly, the Republican Party, which hates and fights everything the President does, even to the point of disclaiming his place of birth, has said nothing about the Obamacrimes being committed before their eyes.

They are bribed by the same banksters who, with campaign contributions and promises of lucrative employment later, bribe the Democrats and Obama.

We must not simply prosecute the current banksters, but also prevent and limit future fraud epidemics.

I renew my long-standing offers to the administration to, pro bono,
(1) provide the anti-fraud training and regulatory policies,
(2) help restore the agency criminal referral process, and
(3) embrace the whistleblowers and the scores of superb criminal cases against elite bankers that they have handed the Department on a platinum platter. We can make the “new” Justice Department policy a reality within months if that is truly Obama and Lynch’s goal.

Ah, hope springs eternal in the breast of the innocent and the honest.

Sorry Bill (Black), that’s a wonderful offer, but if Obama wanted to “prosecute the current banksters,” and “prevent and limit future fraud epidemics,” he could have done it long ago.

But then, how would he achieve those obscene speaking fees and lucrative jobs for Michelle, Malia and Sasha, and that huge ego-building Obama library, all paid for by wealthy and grateful criminal donors?

Obamacrime pays, not just for the criminals, but for the Obama family. That will be his legacy.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten 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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Recessions come after the blue line drops below zero.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–The creative guy who sold you the Planned Parenthood scandal myth

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

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

If you are outraged by Planned Parenthood, you should learn this:

James E. O’Keefe III is an American conservative activist.

O’Keefe has produced selectively edited, secretly recorded undercover audio and video encounters with public figures and workers in a variety of organizations, purportedly showing abusive or alleged illegal behavior by representatives of those organizations.

Due to his videos of ACORN workers allegedly aiding a couple in criminal planning, the US Congress voted to freeze funds for the non-profit.

The Association of Community Organizations for Reform Now (ACORN) was a collection of community-based organizations in the United States and internationally that advocated for low- and moderate-income families by working on neighborhood safety, voter registration, health care, affordable housing, and other social issues.

At its peak, ACORN had over 500,000 members and more than 1,200 neighborhood chapters in over 100 cities across the U.S.

ACORN suffered an extremely damaging nationwide controversy after two conservative activists secretly made and released videos of staged interactions with low-level ACORN personnel in several offices, portraying them as encouraging criminal behavior.

Some media publicized the videos without investigation. These videos were later found to have been partially falsified and selectively edited by the activists, James O’Keefe and Hannah Giles.

Four different independent investigations by various state and city Attorneys General and the GAO cleared ACORN, finding its employees had not engaged in the alleged criminal activities and that the organization had appropriately managed its federal funding.

Their reports described the videos as deceptively edited to present the workers in the worst possible light. The national scandal resulted in the non-profit also losing most private funding before investigations were completed.

In March 2010, ACORN (Association of Community Organizations for Reform Now) was close to bankruptcy and had to close most of its offices.

The California State Attorney General’s Office and the US Government Accountability Office found that O’Keefe had misrepresented the actions of ACORN workers.

The loss of funds had been too damaging and by March 2010, ACORN announced it was closing its remaining state chapters and disbanding.

Hmmm . . . Does this sound familiar?
–O’Keefe misrepresented.
–Funds taken away without investigation.
–A valuable organization closed.

O’Keefe seems to be a serial liar:

O’Keefe was arrested in New Orleans in January 2010 during an attempt to illegally make recordings at the office of United States Senator Mary Landrieu, a Democrat.

(He) initially was charged with malicious intent to damage the phone system, a felony. The charges were reduced from a felony to a single misdemeanor count of entering a federal building under false pretenses. O’Keefe pleaded guilty on May 26.

Sadly, and with the cooperation of the media and the gullibility of the populace, the O’Keefe nonsense continues:

This time, O’Keefe claims his latest sting operation found Hillary Clinton’s presidential campaign breaking the law, when in reality all that happened was the purchase of a t-shirt.

O’Keefe’s Project Veritas Action accused the Clinton campaign of allowing a Canadian tourist to launder money, in the form of allowing a t-shirt to be purchased.

In the video, representatives of the Clinton campaign point out to a woman from Montreal that that the campaign can’t take contributions from anyone who isn’t American.

An undercover activist from Project Veritas then makes the purchase on behalf of the Canadian.

As The Washington Post’s Dave Weigel points out: “There are just two catches. One: No one’s ever thrown the book at an American for purchasing merchandise from a campaign, then giving it to a foreigner as a gift.

Two: The person who takes the Canadian’s money and gives it to the Clinton campaign is the Project Veritas Action journalist.”

O’Keefe held a press conference September 1 to promote the video, where journalists reportedly asked him “Is this a joke?”

O’Keefe’s crew has reportedly already made multiple other attempts to sabotage the Clinton campaign.

Project Veritas last month released a video showing their operative undercover with the Clinton campaign, discussing the registration process and whether they can register people who don’t support Clinton.

A Clinton campaign staffer is then shown telling the Project Veritas operative that they will register anyone who asks, regardless of their presidential preference.

As Time reported, “Nothing in the video shows the Clinton campaign violating the law, or the campaign’s own policy.”

This approach to training volunteers is standard operating procedure across field campaigns, according to a Republican field staffer, who requested anonymity.”

Time reports that in addition to the t-shirt scheme, Project Veritas operatives approached the campaign and attempted to pass a cash donation to volunteers and interns while another told the campaign they wanted to illegally funnel donations through a third party.

These failure-laden sting attempts continue O’Keefe’s pattern of using deceptively-edited videos, childish costumes, and sometimes committing crimes, in a futile campaign to attack the left.

Even Fox News hosts have been embarrassed for O’Keefe, telling him to “give it a rest.”

O’Keefe, knowing the media is careless, the public is clueless and the right-wing is shameless, continues his “shoot-edit-release” efforts.

In recent years, conservative activists, under the guise of journalism, have been churning out undercover “sting” videos supposedly capturing reprehensible behavior by their mostly liberal targets.

Those targets have included low-level workers at ACORN, a fundraiser at National Public Radio, and now officials at Planned Parenthood, among others.

The activists release a series of videos in an effort to build a big takedown story, and the press usually plays along.

Meanwhile, activists coordinate with right-wing media players and members of Congress to generate simultaneous outrage over the clips.

The problem for the activists, and the problem for journalists who excitedly treat the clips as news, is that the videos invariably turn out to be doctored, filled with deceptive edits, and missing context in an effort to manufacture scandal.

The whole cycle has become a media cliché, but it’s one that conservative partisans cheer.

And they’re cheering again this month as the “Center for Medical Progress” releases edited clips to claim Planned Parenthood officials have been caught discussing how the organization “sells the body parts of aborted fetuses” and “haggling” over prices for “baby parts.”

Both incendiary videos have been proven to omit crucial context undermining their central claims.

If you hate Planned Parenthood, and are happy to see the right wing shut down the government unless funding for Planned Parenthood is eliminated, perhaps you should know at least a little about what this organization actually does.

Planned Parenthood Federation of America (PPFA) or often just Planned Parenthood is the largest U.S. provider of reproductive health services, with 97% of its clinical interactions focused on breast and cervical cancer screening, HIV screening and counseling, contraception, and 3% on abortion.

Services provided at locations include contraceptives; long-acting reversible contraception; emergency contraception; screening for breast, cervical and testicular cancers; pregnancy testing and pregnancy options counseling; testing and treatment for sexually transmitted diseases; comprehensive sexuality education, menopause treatments; vasectomies and tubal ligations.

They serve over five million clients a year, 26% of which are teenagers under the age of 19. According to PPFA, 75% of their clients have incomes at or below 150 percent of the federal poverty level.

The fact that Planned Parenthood serves the poor makes them a target for the Republicans, whose allegiance is to the rich.

While the abortions are legal, and comprise only a minuscule part of what PP does, the right wing wishes to “throw out the baby with the bathwater” by closing PP. For example:

Louisiana Governor Bobby Jindal has attempted to sever the contract with Planned Parenthood in his state (where no abortions are provided), at a time when there is an epidemic of syphilis in New Orleans, and where Louisiana ranks first among the states in cases of gonorrhea, second in chlamydia, and third in syphilis and H.I.V., according to the Centers for Disease Control and Prevention.

As Republican Jindal is well aware, the rich can afford prevention and treatment for these diseases.

Planned Parenthood clinics in Louisiana last year administered approximately 20,000 tests for these infections, and provided gynecological examinations, contraceptives, screening for cancer, and other services for nearly 10,000 mostly low-income patients, and there is insufficient access to medical care for the people who now can’t be seen at Planned Parenthood clinics.

Without Planned Parenthood, these tests, screenings, contraceptives and other services would not be affordable for the poor.

Aside from repeated attempts to entrap PP employees via selectively edited videos, the “pro-life” right wing has engaged in horrendous, anti-life activities:

In the US, abortion providers have often been threatened with death, and facilities which provide abortions are frequently attacked or vandalized.

Planned Parenthood clinics have been the target of many instances of violence by anti-abortion activists, including bombing, arson, and attacks with chemical weaponry.

In the self-proclaimed, “religious,” right wing world, violence, bombings, shootings, arson and chemical attacks are considered “pro-life.”

And now we await the shutdown of the government by those who wish to shut down women’s health, all in the same “pro-life” name.

If you don’t see the irony in that, you aren’t as creative as James E. O’Keefe III, video editor, convicted criminal and the guy who sold you the Planned Parenthood myth.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten 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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Recessions come after the blue line drops below zero.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Does our doublethink about immigration, cause you cognitive dissonance?

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

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

Does our doublethink about immigration, cause you cognitive dissonance?

Doublethink: Doublethink is the act of ordinary people simultaneously accepting two mutually contradictory beliefs as correct.
Cognitive dissonance: Contradictory beliefs causing conflict in one’s mind.

Consider Donald Trump’s comments about immigrants and jobs: July, 2015:

Trump in Phoenix: Mexicans Are Coming to Take Your Jobs

“I love the Mexican people … I respect Mexico … but the problem we have is that their leaders are much sharper, smarter and more cunning than our leaders, and they’re killing us at the border. They’re taking our jobs. They’re taking our manufacturing jobs. They’re taking our money. They’re killing us.””

Do you agree with Trump that immigrants “are taking our jobs.”

Or consider Donald Trump’s comments about immigrants and jobs: September, 2015

“I want people to come into our country legally. I want to have a big fat beautiful open door. I want people of great talent to come in for Silicon Valley. I want engineers. I want physicists. We want people of great talent to be in the United States work here and ultimately to become a citizen.”

“[Immigration] also can be a very positive subject, because I believe so strongly in immigration and we have to stop illegal immigration and we have to look forward to great immigration done in a legal manner.”

Do you agree with Trump that we want talented and smart immigrants to take America’s engineering and physics jobs? Do you feel it is better that those jobs, rather than more menial jobs, to be taken by immigrants?

Do you see any contradiction between concern about immigrants taking jobs and wanting more immigrants to take high-end jobs?

Or consider Donald Trump’s comments about immigrants and welfare:

End welfare abuse. Applicants for entry to the United States should be required to certify that they can pay for their own housing, healthcare and other needs before coming to the U.S.

Do you agree with Trump that immigration should be limited to immigrants who already have well-paying jobs in the U.S., and that poor people or immigrants without well-paying jobs should not be allowed to enter the U.S.?

Consider Judiciary Committee Chairman Bob Goodlatte’s comments:

The United States of America is extremely hospitable to immigrants, asylees, and refugees. Our nation’s record of generosity and compassion to people in need of protection from war, anarchy, natural disaster, and persecution is exemplary and easily the best in the world.

Do you agree that our record of generosity and compassion is the best in the world?

Compare your belief with Trump’s comments:

A nation without borders is not a nation. There must be a wall across the southern border.

And this:

Germany can cope with at least 500,000 asylum seekers a year for several years, Vice Chancellor Sigmar Gabriel has said.

Hungary’s conservative leadership is building a border fence to try to keep (immigrants out, but German politicians have expressed pride in crowds who turned out to welcome new arrivals.

And this:

Between 2012 and 2013, the (U.S.)foreign-born population increased by about 523,000.

The population of Germany is 1/4 that of the U.S. In area, Germany is smaller than the state of Montana.

Is our generosity and compassion really the best in the world?

And finally, we come to this:

Top 10 MYTHS About Immigration

Myth 1. Immigrants don’t pay taxes.
(Source: http://www.immigrationforum.org/about/articles/tax_study.htm)

Myth 2. Immigrants come here to take welfare.
(Source: “Questioning Immigration Policy – Can We Afford to Open Our Arms?”, Friends Committee on National Legislation Document #G-606-DOM, January 25, 1996. http:www.fas.org/pub/gen/fcnl/immigra.html )

Myth 3. Immigrants send all their money back to their home countries.
(Source: http://www.cato.org/research/articles/griswold-020218.html)

Myth 4. Immigrants take jobs and opportunity away from Americans.
(Source: Richard Vedder, Lowell Gallaway, and Stephen Moore, Immigration and Unemployment: New Evidence, Alexis de Tocqueville Institution, Arlington, VA (Mar. 1994), p. 13.)

Myth 5. Immigrants are a drain on the U.S. economy.
(Source: Andrew Sum, Mykhaylo Trubskyy, Ishwar Khatiwada, et al., Immigrant Workers in the New England Labor Market: Implications for Workforce Development Policy, Center for Labor Market Studies, Northeastern University, Boston, Prepared for the New England Regional Office, the Employment and Training Administration, and the U.S. Department of Labor, Boston, Massachusetts, October 2002. http://www.nupr.neu.edu/11-02/immigration.PDF)

Myth 6. Immigrants don’t want to learn English or become Americans.
(Source: American Immigration Lawyers Association, Myths & Facts in the Immigration Debate”, 8/14/03. http://www.aila.org/contentViewer.aspx?bc=17,142#section4)
(Source: Simon Romero and Janet Elder, “Hispanics in the US Report Optimism” New York Times, Aug. 6, 2003)

Myth 7. Today’s immigrants are different than those of 100 years ago.
(Source: Census Data: http://www.census.gov/prod/2002pubs/censr-4.pdf)

Myth 8. Most immigrants cross the border illegally.
(Source: Department of Homeland Security http://uscis.gov/graphics/shared/statistics/index.htm)

Myth 9. Weak U.S. border enforcement has led to high undocumented immigration.
(Source: Immigration and Naturalization website:http://www.ncjrs.org/ondcppubs/publications/enforce/border/ins_3.html)

Myth 10. The war on terrorism can be won through immigration restrictions.
(Source: Associated Press/Dow Jones Newswires, “US Senate Subcommittee Hears Immigration Testimony”, Oct. 17, 2001.)
(Source: Cato Institute: “Don’t Blame Immigrants for Terrorism”, Daniel Griswold, Assoc. Director of Cato Institute’s Center for Trade Policy Studies http://www.cato.org/dailys/10-23-01.html)

Do you think immigration laws should be changed to make immigration easier or more difficult? Why?

Which brings us to the title question: Does our doublethink about immigration, cause you cognitive dissonance?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten 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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Recessions come after the blue line drops below zero.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–“The only thing that stops a bad guy . . . “

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

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

The 2nd Amendment to the United States Constitution: “A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.”

Wayne LaPierre, NRA: The only thing that stops a bad guy with a gun, is a good guy with a gun.

We Almost Had 3 Mass Shootings Last Week

Vester Flanagan opened fire on two journalists on live television in Virginia.

Eighteen hours earlier in neighboring West Virginia, a boy walked into his high-school and pointed a pistol at his teacher’s head.

Forty-five hours before that, Boston police announced they stopped two men from massacring a Pokemon convention.

It is not known whether Flanagan belonged to a well-regulated militia that is protecting the security of America. It also is not known whether the victims were good guys who should have had guns to shoot back.

It’s Called Gendercide Armed Husbands Shoot Eight Women In One Week, Six Die

While the nation was trying to digest the crime of two media members killed on camera in Virginia by a legal gun owner, a spate of women killed by enraged armed husbands in one week received less notice.

James Terry Colley, Jr. shot and killed his wife Amanda Cloaninger and her friend Lindy Dobbins in St. Augustine, Florida on August 27 say police.

It is not known whether Colley belonged to a well-regulated militia that is protecting the security of America. It also is not known whether the victims were good guys who should have had guns to shoot back.

Blessing Okereke was fatally shot in the Bank of America tower in Oak Cliff in Dallas by her husband say police. Husband David Thompson told police he believed his wife was reaching for his pistol, so he shot her in self-defense. Right.

August 30, Nuria N. Kudlach was fatally shot at her home in State College, PA and her husband was charged with first- and third-degree murder.

It is not known whether Okereke or Kudlach belonged to well-regulated militias that are protecting the security of America. It also is not known whether the victims were good guys who should have had guns to shoot back.

The next day, August 31, Sonja Wells Raine was fatally shot on her job in Pascagoula, MS by her enraged husband according to police.

Raine’s “sister got killed the same way by her boyfriend or husband, so that is shocking,” said co-worker Kim Pinkney.

The next day, September 1, 76-year-old Norman McKinney of Erwin, Tennessee, allegedly killed his wife of 30 years. McKinney was elderly, “had two or three strokes” and other “medical issues” and couldn’t even dial a phone explained the sheriff.

It is not known whether Raine or McKinney belonged to well-regulated militias that are protecting the security of America. It also is not known whether the victims were good guys who should have had guns to shoot back.

Thirty-three thousand people were killed by guns in America in 2013, according to the Centers for Disease Control, a rate that’s higher than any other developed country on the planet.

It is not known whether the shooters belong to well-regulated militias that are protecting the security of America. It also is not known whether the victims were good guys who should have had guns to shoot back.

Between last Friday, July 17, and Thursday, July 23, there were at least 15 reports of murder-suicides committed with guns in the United States:

  • Friday, July 17, Chicago. A 38-year-old man is believed to have shot and stabbed his 72-year-old father and his 29-year-old brother at the father’s home, killing them, before shooting and killing himself.
  • Friday, July 17, Monrovia, California. A 35-year-old man is believed to have shot and killed his 37-year-old wife before killing himself.
  • Friday, July 17, Norman, Oklahoma. A man is believed to have shot and killed his ex-wife and then killed himself in a hospital parking lot. The woman was at the hospital visiting her mother.
  • Friday, July 17, Perry Hall, Maryland. A 47-year-old man is believed to have shot and killed his 12- and 10-year-old sons before killing himself.
  • Friday, July 17, Mauldin, South Carolina. A 34-year-old man is believed to have shot and killed his 37-year-old brother before killing himself.
  • Saturday, July 18, North Ridgeville, Ohio. A 65-year-old man is believed to have shot and killed his 62-year-old wife before killing himself. The woman may have been protecting the couple’s disabled 26-year-old daughter when she was shot.
  • Saturday, July 18, Tampa. A 32-year-old man is believed to have shot and killed his 23-year-old girlfriend at a hotel before killing himself.
  • Sunday, July 19, Grady County, Georgia. A 55-year-old man is believed to have shot and killed his estranged 39-year-old wife at her home, then to have driven to his home and killed himself.
  • Tuesday, July 21, Bear, Delaware. A 35-year-old man is believed to have shot and killed a 34-year-old woman before killing himself.
  • Tuesday, July 21, Amherst, New York. A 53-year-old man is believed to have shot and killed his 55-year-old wife before killing himself.
  • Tuesday, July 21, Walnut Creek, California. A 21-year-old man is believed to have shot and killed a 19-year-old woman at her parents’ house before killing himself.
  • Wednesday, July 22, Jacksonville, North Carolina. A 69-year-old man is believed to have shot and killed his 68-year-old wife before killing himself.
  • Wednesday, July 22, Suwanee, Georgia. A man is believed to have shot and killed his wife and her two sons before killing himself. He also shot and injured his wife’s father.
  • Thursday, July 23, Vallejo, California. A man is believed to have shot and killed his ex-wife and injured another man before killing himself.
  • Thursday, July 23, Mason County, Washington. A 52-year-old man is believed to have killed a 17-month-old child before killing himself.

It is not known whether the shooters belonged to well-regulated militias that are protecting the security of America. It also is not known whether the victims (including the 17-month-old) were good guys who should have carried guns to shoot back.

And then there are just some of the school shootings since 2010:

  • 14-year-old Hammad Memon shot to death 14-year-old Todd Brown in a crowded school hallway of Discovery Middle School, during changing of classes. The shooting was possibly motivated by gang activities.
  • Amy Bishop Anderson, a biology professor, shot and killed three of her colleagues and wounded three others during a faculty meeting.
  • At eer Creek Middle School Bruco Eastwood opened fire from a Winchester Model 70 rifle in a parking lot. Two eight-grade students, one female and one male, were both shot and wounded.
  • Two students were shot and wounded in front of Mumford High School. A 17-year-old man, Steven Jamal Hare, was tried as an adult and charged with assault with intent to kill.
  • 15-year-old student Jose Daniel Cisneros was shot to death on an athletic field at Alisal High School. Cisneros was walking to the school campus at 8 a.m., and was shot multiple times.
  • Samuel Hengel, 15, took 23 students and a teacher hostage inside a classroom of Marinette High School for five hours. (When) police entered the building, Hengel shot himself in the head. He died the next day.
  • Outside Aurora Central High School, a 17-year-old girl was shot and wounded. The wounds caused her to be paralyzed. Luis Enrique Guzman-Rincon, 20, fired shots from a car while students were standing outside the high school.
  • At Millard South High School, student Robert Butler Jr., 18, shot and killed Assistant Principal Dr. Vicki Kaspar, and wounded Principal Curtis Case.
  • Schnell Elementary School Principal Sam Lacara is shot to death in his office, by John Luebbers, a custodial employee at the school.
  • Michael Phelps, a 15-year-old suspended student, returned to Martinsville West Middle School. In the entrance of the school, Phelps shot 15-year-old Chance Jackson twice in the abdomen.
  • Multiple gunmen opened fire during a powder puff football game at Worthing High School. One man, an 18-year-old former student named Tremaine De Ante’ Paul, died. Five other people received injuries.
  • A 14-year-old male student is accused of firing a handgun on the campus of Highlands Intermediate School, wounding one student.
  • A 15-year-old girl was shot in the neck at Cape Fear High School. A student of the school,15-year-old Charles Underwood, was arrested and charged with attempted murder.
  • Ross Truett Ashley, 22, a part-time business student at Radford University, shot and killed a police officer engaged in an unrelated traffic stop on the campus of Virginia Tech, then committed suicide in a nearby parking lot.
  • One student was shot and injured after another student opened fire at North Forest High School. The student said that he was being confronted by three other students who were bullying him, and he took out a handgun and fired at them in self-defense.
  • Third-grader Amina Kocer-Bowman was accidentally shot when a fellow student brought a 9mm handgun to school and it went off when he dropped his backpack. She survived after 6 weeks in the hospital and a surgery to remove the bullet from her spine.
  • Thomas “T. J.” Lane, 17, took a Ruger MK III,.22 caliber Semi-automatic pistol and a knife to Chardon High School and fired ten shots at a group of students sitting at a cafeteria table. Three students died in the attack. Three other students were injured.
  • At Episcopal School of Jacksonville, fired Spanish teacher Shane Schumerth, 28, shot and killed head of school Dale Regan before committing suicide.
  • One L. Goh was accused of shooting to death seven students and wounding three others in a classroom at Oikos University.
  • A Carrboro man was charged with murder in the fatal shooting of a woman in front of Mary Scroggs Elementary School.
  • Two Hamilton High School students were shot and wounded in the parking lot of the school.
  • Robert Gladden, 15, took a double barrel shotgu to Perry Hall High School and fired two shots inside the school cafeteria. A 17-year-old senior was hit in the lower back while he was sitting at a table and suffered critical wounds.
  • A student fired multiple gunshots in the ceiling of Normal Community High School, and was tackled by a teacher.
  • At a Halloween party on the University of Southern California campus, an argument escalated and a man pulled out a handgun and shot a rival gang member, Geno Hall, seven times, critically wounding him.
  • Sandy Hook Elementary School shooting: Adam Lanza, aged 20, killed 26 people and himself. He first killed his mother at their shared home before taking her guns and driving to the school.
  • Shots were fired at Apostolic Revival Center Christian School, leaving 27-year-old Kristopher Smith dead in what was believed to be a retaliation killing, possibly for talking with police about a previous incident.
  • A gunman entered a science classroom of Taft Union High School with a 12 gauge shotgun and opened fire. A 16-year-old male student, identified as Bowe Cleveland, was shot in the chest and critically wounded.
  • A gunman shot an administrator in his office on the fourth floor of Stevens Institute of Business and Arts, wounding him. The suspected gunman, Sean Johnson, a part-time student, shot and wounded himself on a stairwell.
  • Two people were shot and killed and a third person was wounded at the parking lot of Hazard Community and Technical College. The third victim, 12-year-old Taylor Cornett, died from her wounds the next day. 21-year-old Dalton Lee Stidham was arrested and charged with three counts of murder.
  • A 17-year-old boy, Tyrone Lawson, was shot to death in a parking lot of Chicago State University.
  • Between the Library and Academic Building outside of Lone Star College–North Harris, two men got into an argument and one of the men pulled out a gun and shot the other man, a student.
  • An argument over turf and respect between two rival gangs escalated to what police now describe as a “gun battle” in January at Cesar Chavez High School in Phoenix.
  • A 14-year-old male student was shot and wounded in the back of the neck at Price Middle School. The gunman, a student, was believed to be arguing with the other student before taking out a handgun and firing multiple shots at him.
  • Two women were wounded during a shooting at the campus of New River Community College. Neil Allen MacInnis was taken into custody.
  • At the Massachusetts Institute of Technology, a campus police officer was shot multiple times.
  • Allegedly responding to a student fight, a parent brought and fired a weapon on the campus of Ossie Ware Mitchell Middle School. No one was injured.
  • Six people, including the shooter died and four others were wounded at or near the campus of Santa Monica College when a lone gunman opened fire on the school campus library after shooting at several cars and a city bus at separate crime scenes.
  • Two custodians at Alexander W. Dreyfoos School were shot and killed. A third custodian was suspected in the killings .
  • A man with an AK-47 fired six shots inside the front office of Ronald E. McNair Discovery Learning Academy, an elementary school. After the gunman fired the shots, he barricaded himself in the office and police at the scene returned fire.
  • A student, Roderick Bobo, 15, was shot during a football game at North Panola High School in what was termed as a gang-related shooting.
  • A 15-year-old male student was shot in the neck and shoulder at Carver High School (North Carolina). An 18-year-old male student was apprehended by a school resource officer without incident.
  • A 16-year-old student was shot in the hip at Agape Christian Academy after a fight broke out at 2 pm.
  • 12-year-old seventh-grade student Jose Reyes opened fire with a semi-automatic handgun at the basketball courts of Sparks Middle School, injuring one student in the shoulder. A teacher, Michael Landsberry, who was trying to intervene with the gunman was then shot and killed by Reyes, as he was standing on a playground.
  • A 21-year-old student was shot and wounded at North Carolina A&T State University.
  • A Stephenson High School student and a janitor were shot in an apparent confrontation between team members and a group of teens who were not attending the school.
  • After classes ended, at least one gunman came out of the woods and opened fire on three students as they were walking to their cars at Brashear High School. One student was grazed in the head, another was struck in the neck and shoulder, and a third was hit in the leg and foot.
  • A 15-year-old student was shot and wounded by a 17-year-old student near a soccer field on the campus of West Orange High School (Winter Garden, Florida). The shooting occurred after a fight broke out between the two students.
  • 18-year-old Karl Pierson shot 17-year-old student Claire Davis in the head, fatally injuring her, in a hallway in Arapahoe High School (Centennial, Colorado).
  • Four teens went into Edison High School (Fresno, California) in what was believed as a gang-initiation process. After accosting a 62-year-old woman about a mile away from school grounds, they found an athletic trainer who taught at Edison High and shot him several times in the leg and stomach.
  • A student was charged with bringing a gun to school at Liberty Technology Magnet High School and shooting a classmate in the thigh.
  • A 14-year-old boy was shot outside of a basketball game at the Hillhouse High School athletic facility, suffering wounds in his hand and leg.<
  • Two people were shot and wounded inside the gymnasium of Berrendo Middle School, at about 8:10 am. An 11-year-old boy and a 13-year-old girl were airlifted to a hospital in Lubbock, Texas in critical condition. The 12-year-old suspected shooter, Mason Campbell, a seventh grade student, was apprehended at the scene after he was talked down by a staff member and dropped the shotgun.
  • A student allegedly shot two other students in the gymnasium at Delaware Valley Charter School.
  • One person was shot and critically injured at Widener University in Chester, Pennsylvania.
  • A 21-year-old student, Andrew Boldt, was shot and killed in a classroom building on the campus of Purdue University. A suspect, 24-year-old student Cody Cousins, was arrested and charged with murder.
  • A 20-year-old student was shot and killed at South Carolina State University. A 19-year-old was arrested and charged with murder.
  • A man was shot and killed at Los Angeles Valley College. Two suspects were arrested in the fatal shooting.
  • A group of students at Rebound High School got in an argument in the school’s parking lot. One student pulled out a gun and shot another student in the ensuing altercation.
  • One student was shot in the leg in an apparent altercation over a gambling debt at Tennessee State University.
  • Three students were fighting in a parking lot of Eastern Florida State College and one pulled out a gun and shot another of the students. All three student claimed self-defense.
  • After a basketball game at North High School (Des Moines), there was gunfire in a parking lot of the school.
  • |A 16-year-old student was shot in the stomach on the campus of Salisbury High School (North Carolina) during a dispute in the school gym. 17-year-old suspect was charged with assault with a deadly weapon with intent to kill.
  • Five shots were fired in the parking lot of Charles F. Brush High School, including one which hit an unoccupied police car.
  • A male victim was shot in the back in a possible gang-related drive-by shooting near the University of Southern California. The suspect fled into the University Campus.
  • An elementary school teacher was shot and killed outside The Academy of Knowledge Preschool.
  • An argument between students led to shots being fired in a Benjamin Banneker High School (Georgia) parking lot during the afternoon.
  • Just after the lunch hour, at D. H. Conley High School, a car drove past the school and witnesses said an occupant reached out of a car window and fired shots in the direction of the school.
  • After a Friday evening student awards ceremony called “Grammy Night”, four men who were affiliated with a gang fired into a crowd in the parking lot of East English Village Preparatory Academy; one nineteen-year-old teen, Darryl Smith, was fatally shot in the head.
  • A man fatally shot his estranged wife in the parking lot of Saint Mary School in northwestern Indiana.
  • Two men fired shots inside a dormitory at Paine College on Sunday, injuring one student in the head.
  • An active shooter situation was reported at Paine College on Monday with one person reported to be shot. It was the second shooting incident to occur at the college campus in two days.
  • A person was shot on a student parking lot roof at Georgia Gwinnett College.
  • A 14-year-old student was injured during a drive-by shooting in front of John F. Kennedy High School (Richmond, California).
  • Three people were shot inside a hallway in Seattle Pacific University. One student died.
  • At around 8:30 am, shots were fired at Reynolds High School (Troutdale, Oregon). 14-year-old freshman Emilio Hoffman was killed. The gunman, 15-year-old Jared Padgett, exchanged gunfire with police officers and then committed suicide in a restroom stall.
  • A 20-year-old Indiana State University (ISU) student was shot by another ISU on Saturday inside a residence hall.
  • Two students got in an argument at Albemarle High School (North Carolina), and one of the students shot the other twice including once in the leg.
  • One student was shot and injured at Fern Creek Traditional High School. The incident occurred, reportedly after student became enraged in a hallway and pulled out a gun.
  • After a homecoming football game, a fatal shooting of Kristofer Hunter, 17, occurred in the Langston Hughes High School parking lot. The assailant, Eric Dana Johnson Jr., 18, turned himself in a week later.
  • Marysville Pilchuck High School shooting. A gunman, later identified as Jaylen Fryberg, who was a student in the school, shot five students, fatally wounding four, in the school cafeteria before committing suicide.
  • Florida State University shooting. A gunman opened fired in or near the Strozier Library. Three people suffered gunshot injuries and were taken to a local area hospital.
  • Two teens were shot Thursday during a fight on Miami Carol City High School property. One of the boys who was shot died.
  • On December 12, 2014, an unknown gunman shot three students and a man outside Rosemary Anderson High School in north Portland. A 16-year-old girl was in critical condition, while the others suffered minor injuries.
  • A 15-year-old boy, a student’s father, and a teacher were each injured at a Wisconsin Lutheran High School shooting that occurred Thursday night in the school parking lot at Wisconsin Lutheran High School.
  • Two students were shot outside Frederick High School near the gymnasium of Frederick High School during a junior varsity (JV) boy’s basketball game.
  • Two students argued outside the music building at Bethune-Cookman University when one pulled out a gun. Both had guns and it is not disclosed who did the shooting, injuring three students.
  • Police said one person has been arrested for a shooting at Pershing Elementary School.
  • A faculty member was shot and killed in the school library of Wayne Community College.
  • A police officer was shot outside a school in a school zone while he was directing school buses into a school. The school was J.B. Martin Middle School, and the suspect was apprehended at the scene.
  • A student at Deskin Elementary School brought an allegedly stolen .45 caliber gun to school and accidentally discharged it as he opened his backpack.
  • A student at North Thurston High School walked into the commons area and fired two shots into the ceiling from a .357 magnum pistol.
  • Police say a 14-year-old eighth grade boy brought his father’s gun to school.
  • An 18-year-old student, Marcus Wheeler, shot himself in a school breezeway, according to Tempe police.
  • Police report that a 16-year-old shot 5 bullets into a school bus and injured 2 students. Apparently, there was an argument that touched on previous events.
  • In the early morning hours of Memorial Day weekend, a group of people were at Southwestern Classical Academy in the parking lot. Shots rang out and 7 were injured, with two men being apprehended and charged.
  • A student was fatally shot in a student union building at Savannah State University.
  • A man was arguing with at least one other person escalated into a physical fight on the parking lot of Sacramento City College. A man opened fire, killing a 25-year-old student and wounding two others.

It is not known whether the shooters belonged to well-regulated militias that are protecting the security of America. It also is not known whether the victims (including the teens) were good guys who should have carried guns to shoot back.

When everyone carries guns, we all will be safe from gun violence.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
Ten 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. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Recessions come after the blue line drops below zero.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY