Tag: monetary sovereignty

–Welcome child, to America, where everyone is frightened, armed and dangerous

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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.

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

Ooh-oo child
Things are gonna get easier
Ooh-oo child
Things’ll get brighter

Welcome child, to America, where everyone is frightened, armed and dangerous.

Slightly fewer than 4 million babies are born in the United States each year

.

The figures show that there have been 16,808,538 (gun purchase) applications (only from federally registered dealers) in 2012 so far to the end of November. If they were approved, that would be enough weapons to stock every member of Nato’s armed forces nearly five times over.

The system has received 156,577,260 applications since 1998 and the US has the highest gun ownership rate in the world.

Four guns for every baby born in America. Welcome child, to America, where everyone is frightened, armed and dangerous.

Idaho school buys guns to enhance safety: ‘We wanted to be prepared’
By Kimberlee Kruesi – Associated Press – Saturday, June 6, 2015

BOISE, Idaho — It takes at least 45 minutes for officers to reach the Garden Valley School District — a district made up of less than 300 students in one building — where limited funds have prevented the school from being able to afford hiring police officers to patrol the building during school hours.

As a result, the school board approved this month purchasing guns to remain locked inside the school and trained six employees to use the weapons in an emergency.

What is the danger to Garden Valley students? With just 300 students, every child and every family, knows one another. And, they are geographically isolated so any strangers would be rare and immediately noticed.

So what is the danger that requires them to stock guns in the school?

And if the guns are locked, how accessible are they in an “emergency”?

And why do they keep the guns locked, if everyone in Idaho already has the right to carry a gun?

And how intensive is the training? And who are the trainers? And is the training repeated to keep the employees sharp? And what are they trained to do with those guns in a school filled with students?

And why do they require training, if everyone in Idaho already is allowed to carry a gun, without such training?

Ah, questions, questions, questions.

Welcome child, to America, where everyone is frightened, armed and dangerous.

In Idaho, bringing guns into a school as a safety measure is (an) accepted option where Second Amendment rights are highly protected and libertarian ideals run deep.

In 2013, an eastern Idaho school district approved installing gun safes in its high schools and middle schools in order for school resource officers to have easy access to rifles if needed – the same year the Idaho School Board Association rejected a plan to set up gun training for education staff and teachers.

Easy access to rifles (rifles in high schools??), and no training? What could possibly go wrong with that?

It happens that there is a National Association of Resource Officers (NASRO). So I wrote to every state association listed on their site, the following note:

“Dear NASRO member,

Can you please provide examples of how a school resource officer used his (her) gun to thwart and armed intruder. If you also could reference newspaper articles, that would be helpful.

Thank you for your assistance.”

I’ll keep you apprised of the answers.

I was curious to know how arming our schools is working out. If it seems to work, we might want to arm our movie and show theaters, our churches and synagogues, our restaurants and bars, our parks and playgrounds, our sports arenas, our beaches, our buses, our trains, our buildings, our stores, our streets — everywhere that people gather.

But, on second thought, we already are doing that. No training needed.

Welcome child, to America, where everyone is frightened, armed and dangerous.

Ooh-oo child
Things are gonna get easier
Ooh-oo child
Things’ll get brighter

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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

Long term view:
Monetary Sovereignty

Recent view:
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 Obama hope and dreamland of the Middle East –and one question.

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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.

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

President Obama’s campaign slogans were “hope” and “dream.”

monetary sovereignty . . . . monetary sovereignty

“Hope and Dream” is the perfect symbol of Obama’s administration, where he hopes and dreams that if one makes nice to one’s sworn enemies, somehow the enemies will lift their eyes to the sky, see the light of justice and mercy, join together in a hand-holding circle, repent for their sins and sing “kumbaya.”

It is the Hoping and Dreaming of a man who came to be President of the United States, intellectually and emotionally unprepared for the job — and never learned.

Israel could lose ‘credibility’ over Netanyahu’s stance on Palestine – Obama
Published time: June 03, 2015 07:06

“The danger here is that Israel as a whole loses credibility. Already the international community does not believe that Israel is serious about a two-state solution.”

Ah, the sacred two-state solution, where two groups who despise one another, and where one of the groups has made it their central pledge to destroy the other — the President of the United States hopes and dreams that these groups will live side-by-side in peace.

And why is there no peace? Because Israel, who for some “unknown” reason, doesn’t trust the world-acknowledged terrorists of Hamas and Hezbolla and Syria and all the others who have sworn Israel’s destruction.

Obama wonders why.

In his dream, Israel has no “credibility,” but the Palestinians do have “credibility.”

Hamas executed Palestinians during Israel war: Amnesty

Amnesty International accused the Islamist movement Hamas Wednesday of committing war crimes against fellow Palestinians to “settle scores” during last year’s Gaza war with Israel, executing at least 23 people.

“In the chaos of the conflict, the de facto Hamas administration granted its security forces free rein to carry out horrific abuses including against people in its custody,” Amnesty’s Middle East and North Africa director Philip Luther said.

A report by the London-based rights group detailed the “brutal campaign of abductions, torture and unlawful killings against Palestinians accused of ‘collaborating’ with Israel” by Hamas, de facto ruler of the Gaza Strip enclave.

And a couple more headlines about Palestinian “credibility”:

Hamas tortured, killed Palestinians in 2014 Gaza war

Rocket fired from Gaza lands near Israeli port Ashdod: Reuters

Hamas militant killed in Gaza tunnel collapse
A Palestinian source said the collapse ocurred while militants were conducting “resistance-related activities,” a possible reference to weapon transfers or training.

THE COVENANT OF THE HAMAS – MAIN POINTS
— Israel will exist and will continue to exist until Islam will obliterate it.
— The land of Palestine is an Islamic Waqf [Holy Possession] consecrated for future Moslem generations until Judgment Day. No one can renounce it or any part, or abandon it or any part of it.
— [Peace] initiatives, and so-called peaceful solutions and international conferences are in contradiction to the principles of the Islamic Resistance Movement.
— The Day of Judgment will not come about until Moslems fight Jews and kill them. Then, the Jews will hide behind rocks and trees, and the rocks and trees will cry out: ‘O Moslem, there is a Jew hiding behind me, come and kill him.

President Obama has not explained how his “two-state” solution would work in practice, probably because it remains in a Hope and Dream, amorphous state — a puffy little cloud high in the sky.

Will the terrorists change their plans to kill all Jews? Obama hopes so.

Is the two-state solution another version of the “final solution”? Obama hopes not.

But perhaps answering one question can help clarify:

If the Palestinians are allowed to occupy whatever land they claim for themselves (all of Israel?), exactly who will guarantee Israel’s safety against the terrorists?

Who volunteers to put boots on the ground to stop the rockets, the suicide bombers, the tunnels, the kidnappings? Will American boys and girls be sent to defend Israel? Is that your plan, Mr. Obama?

Do you even have a plan, Mr. Obama?

Or is it still just your Hope and Dream?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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

Long term view:
Monetary Sovereignty

Recent view:
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

–Recession, again. So where is all the money?

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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.

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

A good point in this article:

Economy’s biggest issue: People don’t have money to spend
By John Crudele, June 3, 2015 | 10:26pm

Anyone with even a quarter of a brain now understands that the US economy got off to a bad start this year.

There was an economic contraction in the first three months — when the nation’s gross domestic product fell at an annualized rate of 0.7 percent — that some quarter-brainers are still blaming on the cold weather, strikes at ports, the strong dollar, solar flares, Martian landings and (insert your own poor excuse here).

The truth: Most of these excuses are part of the problem.

But the biggest part is that people don’t have enough money to spend.

Interest from savings is down to zero, people don’t liquidate stock gains to make purchases, and job and income growth has been sketchy.

The economy isn’t doing much better in the current quarter either. The Federal Reserve Bank of Atlanta, an independent observer if ever there was one, measures growth so far in the second quarter at an annual rate of just 1.1 percent. That means growth — un-annualized — is a paltry 0.275 percent with less than four weeks left in the quarter.

It’s quite possible that we will eventually be told, after all revisions are made, that the economy met the official definition of a recession in the first half of 2015, which is two straight quarters of contractions.

Right. When people don’t have enough money to spend, we have a recession. Pretty basic.

So where is all the money?

There are two answers, which together encompass the two fundamental problems with our economic leadership

Answer #1. The federal government is not creating enough money.

U.S. dollars come from two sources: Lending and federal deficit spending. Bank (and other lenders’) lending is a large, but temporary source of dollars — temporary because loans must be paid back, which destroys dollars.

Federal deficit spending is a smaller, but permanent, source.

Economic growth requires growth in the money supply. The misguided drive for “smaller government” and lower deficits, translates into a drive for reduced economic growth.

Reduced deficit growth always begets reduced economic growth and recessions. Depressions have resulted from the extreme version of deficit reduction: Federal surpluses:

1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.

As you can see from the graphs shown below, we have been in a long period of slower and slower deficit (i.e. money creation) growth, which is exactly why we’ve named the graphs “The Recession Clock.”

The Obama administration proudly predicts the government soon will run a surplus, i.e. the government will take dollars out of the economy. This proud act is causing a recession, and unless reversed, will cause a depression.

(There may not even be enough money to build that opulent Obama Presidential Library to extol the recessionary / depressionary successes of President Obama.)

Answer #2. An increasing percentage of the money has gone to the very rich (the .1%).

The .1% spends proportionately (to their income) less on food, clothing, shelter, education and transportation than you and I do. They invest, which helps account for the “mysterious” increase in stock prices, together with the equally “mysterious” decrease in GDP growth.

In summary, the combination of reduced deficit growth (headed toward federal surplus), and the increased Gap between the rich and the rest, has reduced the ability of consumers to spend.

And that spells: “R E C E S S I O N.”

Here is the cure for the current recession and the prevention of future recessions: Increase federal deficit spending via the Ten Steps to Prosperity (below).

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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

Long term view:
Monetary Sovereignty

Recent view:
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

–Is being stupid a requirement for being elected President?

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.
●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.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive, and the motive is the Gap.

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

If you search through all the comments made by the dozen (or is it 20?) Republican Presidential wannabe’s, you might begin to think being stupid is a requirement for being elected the most powerful man on earth, the President of the United States in America.

And then, if you look at the likes of Presidents Carter (“I only have to talk to one person and that’s the dictator, because he speaks for all the people.”)

And Reagan (“Why should we subsidize intellectual curiosity?”)

And Clinton (I did not have sexual relations with that woman.”)

And Bush I (“Read my lips. No new taxes.”)

And Bush II (“Brownie, you’re doing a heck of a job”)

. . . You might believe stupidity really is a requirement.

And then we come to President Obama, who affirms the need for stupidity.

First a bit of background:

Islamic State Attacks Israel: ISIS Supporters Threaten Hamas, Take Credit For Launching Rocket From Gaza

Islamic State group supporters in Gaza have given ruling Hamas leaders a 48-hour deadline to stop a crackdown on them.

The militants also claimed responsibility for a rocket fired at Israel from Gaza last week.

Let’s see. Islamic state is a terrorist organization. Hamas is a terrorist organization. Both recently have fired rockets into Israel.

And then there’s Syria:

State Sponsor: Syria

Syria continues to be categorized as a state sponsor of terrorism, since its first designation in 1979. According to the State Department, Syria’s government supports U.S.-listed terrorist groups and allows some of these organizations such as Hamas and Palestinian Islamic Jihad to maintain headquarters in Damascus.

And:

Israel strike kills militants on Golan Heights frontier

An Israeli air strike has killed four militants armed with a bomb along the Israeli-Syrian frontier in the Golan Heights, the Israeli military has said.

And, the terrorist organization, Hezbollah:

Experts fear ‘accidental’ war between Israel, Hezbollah

Hezbollah has long threatened Israel, but sources in the Jewish state fear that if an all-out war happens near the Lebanon border, it will happen not by design, but by accident.

Fighting on so many fronts, especially in chaotic Syria, where Iran has dispatched Hezbollah to help President Bashar al-Assad’s forces, could increase the chances of a rogue element firing rockets into Israel simply to draw the Jewish State into a war, say experts.

And Egypt:

Maged Farag: For 70 years, Palestinian cause has brought Egyptians nothing but harm.

Asked by the interviewer if he was serious about Egypt dropping the Palestinian cause, Farag replied, “Churchill once said that he was ready to cooperate with the Devil in the interest of his country. As a man who knows a little bit about history and about international relations, I believe that it is in our interest to maintain normal relations with Israel,” he said.

So in summary, tiny Israel is surrounded by current and former enemies and terrorist organizations, most of whom have attacked recently and are making plans for more attacks.

But even former enemy Egypt is having a change of heart about supporting the “Palestinian cause.”

And now comes the President of the United States, a putative ally of Israel:

Obama: Netanyahu’s Palestine stance erodes Israel’s credibility

U.S. President Barack Obama said Israeli Prime Minister Benjamin Netanyahu’s terms for diplomacy that might lead to a Palestinian state meant Israel had lost international credibility as a potential peacemaker.

Obama also suggested that continued U.S. diplomatic defense for Israel at the United Nations over the Palestine dispute may be reviewed, while reaffirming U.S. support for Israeli security in a conflict-riven Middle East.

“The question is how do we create some building blocks of trust and progress.”

Atta way, President Obama. Thanks for creating those building blocks of trust and progress.

Too bad Israel has failed to make peace with terrorists actually attacking it, while you, Mr. President, have “succeeded” making peace with Iran, Russia, Syria, Iraq, al Quada and the dozens of other groups listed as terrorist.

“If in fact there is no prospect of an actual peace process, if nobody believes there is a peace process, then it becomes more difficult to argue with those who are concerned about settlement construction.”

Get it? If there is no peace, it’s the fault of our ally and sole Mideast democracy, Israel, not the fault of all those terrorist organizations.

One wonders who Obama would blame if Mexico, Canada, China and North Korea fired rockets into the U.S.

Anyway, the long tradition of stupidity by our Presidents continues. So don’t blame the Republican contenders for past stupidity and stupidity sure to come. It seems to be a requirement.

But wait: In the immortal words of Republican Lindsey Graham, “I’m thinking about running for president. You get a house and a car and a plane. It’s a pretty good gig.””

Hey, maybe not so stupid, after all.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The 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. Federally funded, 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. (Refer to this.)
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)

Initiating The Ten Steps sequentially 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

Long term view:
Monetary Sovereignty

Recent view:
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