Republican hate-filled cruelty is not a bug. It’s a feature.

Those of us who at least make a cursory attempt to separate fact from fiction often remain astounded at the wild beliefs of self-described “conservatives.”

They are not what formerly was considered to be normal. If Donald Trump told them the sky is green, they would attempt, not just to agree with him, but to murder you for claiming the sky is blue.

This combination of naivete and anger is confounding. Many normal human beings believe that exposing right-wing hate-filled cruelty will open Republican voters’ eyes and perhaps even shock them.

But, no. Right-wing hate-filled cruelty is not a bug. It is the feature followers find most attractive.

While, unfortunately, many people of all stripes support hatred and cruelty, here are a few examples of what Republicans, more than Democrats, tend to believe or support:

Separating children from their parents at the border to instill fear in prospective border crossers.
Long prison sentences as a deterrent to crime.
The death penalty
White supremacist groups (Proud Boys, neo-nazis, etc.)
Bullying
The elimination of ACA (Obamacare) thus depriving poor people of health care.
The reduction or elimination of Medicare, Social Security, food stamps, and other supports for the poor and middle classes
Laws against abortion, particularly those with no exceptions for rape or incest.
Anti-teaching of factual history about slavery and bigotry.
Pro-guns, include military weaponry in everyone’s hands
Threats of civil war
Aggression, either by an individual or in a mob
Pro-monuments to rebel traitors and rebel flags as part of “southern heritage”
Bigotry against blacks, browns, yellows, reds, gays, and non-Christians.
Conspiracy theories, especially those promulgating hatred
Admiration for dictators
Love for God and America, along with hatred of people.
Anti-science
Anti-government
Belief that compassion is a weakness.

Yes, there is some meanness in even the best of us, but what kinds of people are particularly attracted to today’s conservatism?

I suggest the most common elements shared by right-wingers are feelings of fear, inferiority, and ignorance.

FEAR: The mother of hatred is fear.

You will find it challenging to hate someone or something unless you also fear them or it. Think of what you hate, and you will find you fear it to some degree.

You hate Russians because you fear them. You hate blacks, Jews, your neighbor, the police, bullies, child-abusers, gays, foreigners, strangers, Donald Trump, etc., because to some degree, you fear them.

When the Nazis march chanting, “You will not replace us,” they are tapping into white Christian fear that non-Christians and/or non-whites are “taking over,” a fear that spills over into hatred of immigrants.

How else would you explain the draconian exercise of ripping children from their parents, shipping the children away, and not even keeping track of them so they could be reclaimed by their parents?

This torture of children and parents requires a certain level of cruelty that cannot be explained away by any rational immigration policy.

The GOP stresses a border wall because it has instilled in followers, or taken advantage of, their fear of foreigners.

Every day the Republican party stresses fear. When Mar-a-Lago was searched, the Republican false mantra was, “If this could happen to him, it could happen to you.” (True, only if you keep secret government documents hidden in your home.)

And, you should carry guns, massive, powerful guns in public because you fear. And Donald Trump will protect you from “them.”

Conservatives fear change. They wish to conserve a mythical past. They are the most fear-ridden people on earth; change is fearsome to them.

INFERIORITY: Feelings of personal inferiority support all cults, including the cult of Trump. People join and defend the cause when they need to belong to something, lest they themselves will be invisible.

Hiding among like-minded people provides the strength that weaker people do not possess. It is the courage of the mob. Not one of the January 6th attackers would have had the courage for a lone foray. It was the mob that gave them the bravery they personally lacked.

The cult allows them to say, “I am somebody. I have meaning, strength, and power. I can accomplish. You cannot ignore me. You cannot replace me.”

Trump’s continual “they-are-picking-on-me” victimhood pretense can be empathized by those who feel the entire world is picking on them.

IGNORANCE: We are not talking about mere intelligence; we are talking about knowledge and education.

A new Pew Research survey shows that the less educated you are, the more likely you are to have Republican leanings.

Right-wingers are less exposed to mainstream media. They receive nearly all their information from Fox News, Breitbart, and other conspiracy theorists.

The more outrageous the claims, the more they are believed: Hillary has a pedophile ring in the basement of a fast-food restaurant. Kennedy still is alive. A mass murder never happened; it was all staged to blame Republicans. The moon landing was faked.

Rather than learning facts, which are not to be trusted, the right-wing wants to know the “inside, secret facts.”

Republicans wish to say, “You may think I’m ignorant, but I know something you don’t know.” That more easily is said about outrageous claims than about facts.

Ignorance often comes from a lack of schooling. Trump has popularized the notion that not going to school embodies one with native, home-spun thinking ability that education eliminates. Trump himself has said, “I love the poorly educated.”

Indeed he does, for they are the most malleable.

Sneering at college is part of mocking education, science, and fact. Conspiracy theories fill the void. And when they demean all usual sources of factual information, they turn to unusual sources.

There seems to be, among right-wingers, particular pride in not being “spoiled” by a college education but rather having learned from street experience or from peers.

Again, where formal education is lacking, non-factual conspiracy theories tend to fill the void.

That tendency begets easier acceptance of lies, where facts matter less than the sources.

Having “learned” from Fox News that Trump won the 2020 election he lost, one may be more accepting when Fox News says Trump is an innocent victim of a crooked FBI or the FBI planted incriminating information at Mar-a-Lago.

Not being educated, right-wingers do not understand how science works.

They easily can be convinced that scientific ambivalence (“most scientists say,” “there is a 70% likelihood of”) is inferior to the 100% certain, dogmatic, false teachings of conspiracy theorists (the lie that “Trump was proven innocent by Mueller”).

Together, feelings of fear, inferiority, and ignorance lead to resentment, which manifests as hatred and cruelty instead of compassion.

To feel or demonstrate compassion requires a strength of character missing in right-wing followers.

They do not intervene in bullying situations but instead actively participate.

They do not correct false “facts” but knowingly promulgate patently false narratives.

They sneer at “sheeple” — those who follow mainstream beliefs — when it is they who are weak-minded.

As Trump so presciently said, “I have the most loyal people — did you ever see that? I could stand in the middle of Fifth Avenue and shoot somebody, and I wouldn’t lose any voters, OK?”

Loyalty is a form of intentional blindness. It can be wonderful blindness when you are, for instance, loyal to your wife, i.e., blind to her weaknesses. But being blind to a politician’s or political movement’s facts and flaws evidences feelings of fear, inferiority, and ignorance.

Those burdened with those emotions flock to the nonsensical, right-wing world of white supremacy and its partner, cruelty.

The GOP has become the party of straight, white, Christian, male, bigoted cowards who find their courage in guns, cults, and mobs.

Even our Supreme Court, the arbiter of fairness, no longer is blind justice.

It now is led by Clarence Thomas, a man who was appointed on a lie, and who has spent his life trying to prove he is not black.

They and their ilk are a cruel danger to all that is America.

Our great American experiment in democracy is failing.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

……………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

Monetary Sovereignty describes money creation and destruction.
Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

The Republican cure for poverty. Punish the poor for being poor.

Bottom line: The Republican solution to all problems is the stick. The carrot is reserved for the rich.

The poor are to be punished because they are “lazy,” “socialist,” and takers who need to be whipped like oxen to get them to work.

That is the bigoted nonsense continually pedaled by the GOP.

Excerpts from the following article demonstrate the right-wing bent.

Mississippi will send back fed’s rental aid, even as housing needs remain high, Aug. 13, 2022, By By Phil McCausland

In mere days, Mississippi will end its participation in the federal pandemic rental assistance program that has kept people facing eviction in their homes during the past two years of economic turbulence.

The state still has $130 million in federal cash to run the program, but Gov. Tate Reeves, a Republican, said early this month that next Monday would be the last day to apply for assistance.

Once Mississippi finishes processing the remaining claims, they will be returning the leftover money to the U.S. Treasury, which maintains oversight of the spending.

The program’s end comes as rental prices in Mississippi have skyrocketed and a large percentage of those behind on their rent or mortgage said they are at risk of losing their home in the next two months, according to U.S. Census data.

If all these Mississippi men, women, and children become homeless, what will the GOP solution be? Just let them die out there?

The Rental Assistance for Mississippians Program, or RAMP, offered up to 15 months of rental and utility bill assistance for those in need.

It was funded by two Covid-19 economic bills passed by Congress in 2020 and 2021, which provided billions of dollars of rental relief to states to administer to people economically disadvantaged by the pandemic.

This is a net financial benefit to the states.

It adds money that passes through the hands of the populace into the hands of Mississippi’s businesses.

Those businesses can use the money to hire Mississippians.

But, for the GOP, any poor person receiving federal help is a “socialist.” (Rich people who receive federal benefits by taking advantage of tax breaks are fine.)

Though unemployment continues to decline in Mississippi and the majority of participants in the program are employed, Reeves said RAMP disincentivized work.

In Reeve’s right-wing opinion, poor blacks are not like you and me. They would rather live on the meager scraps life serves them than work to improve their lives.

“This program has essentially become: If for whatever reason you can’t pay your rent or utility bill, taxpayers will pay them for you,” Reeves said in a statement earlier this month. “Mississippi will continue to say no to these types of liberal handouts that encourage people to stay out of the workforce. Instead, we’re going to say yes to conservative principles and policies that result in more people working.”

Classic bigoted misinformation. Mississippi taxpayers don’t pay for the program. The federal government does. And federal taxpayers don’t pay, either. Federal taxes do not fund federal spending. Even if all federal tax collections ended, the federal government could continue spending forever.

Reeves’s decision is pure GOP meanness, a holdover from Mississippi’s days of whipping slaves to make them work harder.

Reeves’ decision hits Mississippi as the country experiences rising housing costs and fewer economic protections. Nationwide, median listing prices for houses were up 16.6% in July from the previous year, and rent grew by 14.1% in June 2020 over June 2021, according to Realtor.com reports.

Jacob Leibenluft, the U.S. Treasury’s chief recovery officer, said programs such as RAMP, which fall under the federal Emergency Rental Assistance Program, have helped to keep evictions below historical averages.

The program is a perfect example of how the carrot works better than the stick, not only from a moral standpoint but also from an economic standpoint.

He said the Treasury Department has continued to strongly urge states to use the funding to serve tenants and noted that more than 6.5 million payments have been made to renters facing eviction as of June. Even if the money is returned by states, he said it will continue to go toward housing.

“As we have done elsewhere in cases where funds are not used by the original recipient,” Leibenluft said, “we will continue to reallocate available funds where possible with a priority on keeping funds in state where there is outstanding need.”

Under Reeves’s brand of leadership, poor, impoverished Mississippi will send their unused money to other states.

Housing rights advocates and participants in the Mississippi program said the issue in their state isn’t finding work, like Reeves said, it’s finding wages that can pay for growing living costs. RAMP has been a huge aid to fill the gap, even though it often took months to arrive.

Teresa Walker, 45, a hairdresser in Jackson, said the pandemic caused her to lose numerous customers. While business has picked up, it’s still difficult to meet her rent of $935. She’s applied for the program, as well as for jobs at Target and Walmart to help her pay the approximately $4,000 she owes her landlord.

Because the process is so slow-moving, she hasn’t heard back since applying three months ago, and her bills are stacking up.

“They don’t care. They just don’t care,” Walker said. “The amount of applications they’re getting shows there is a need, and for them to suggest people like me aren’t working? It’s a slap in the face. It’s very insulting and degrading. You’re just not being sensitive to people’s needs and understanding it.”

Sensitivity is not a GOP strongpoint. Cruelty is.

The typical applicant in Mississippi was Black and female, Home Corps data shows. Less than a third of applicants were unemployed, but nearly 70% earned less than thearea median income where they lived.

Paheadra Robinson, who runs the Southern Rural Black Women’s Initiative in Jackson, said her group traveled across the state to operate clinics for those who needed help applying for the program.

She said they would have to bring computers and help people sign up for email accounts for the first time. More clinics were planned over the next month, but they will have to be canceled because of Reeve’s decision, she said.

“A lot of these people were able to afford where they were living prior to this explosion of rental increases, and now this spike is causing major financial issues for families,” Robinson said. “It’s just unaffordable for a lot of people, and I don’t think that was given proper consideration by the leadership of this state.”

Other states with Republican governors, such as Nebraska and Arkansas, have previously declined the federal funding that would help residents pay for housing and utilities.

This is not an aberration. Republican-run administrations have a history of not serving their states. They are the governors who have declined billions of ACA (Obamacare) dollars — dollars that would have benefitted the entire state, not just the poor.

Govs. Pete Ricketts of Nebraska and Asa Hutchinson of Arkansas rejected hundreds of millions of dollars that would have been directed to their states, claiming they were shielding residents from socialist programs they didn’t need.

We assume the residents are grateful for being “shielded” from receiving help in paying their rent, buying food, and paying for medical services.

“We must guard against big government socialism where people are incentivized not to work but are instead encouraged to rely on government handouts well after an emergency is over,” Ricketts said in March.

“We cannot justify asking for federal relief when Nebraska has the lowest unemployment rate in the nation and we are no longer in a state of emergency.”

But Gov. Ricketts, if Nebraska has “the lowest unemployment rate in the nation,” exactly what are you trying to get your working poor to do? Get two or three jobs? What is your solution to poverty? Just let them starve and freeze to death?

Or is your goal to force the poor to move to another state?

But nonprofits in those states have told a different story since the governors rejected the federal aid in the spring.

Together Omaha, which operated the rental assistance application process for the state, has had to scramble to provide rental assistance since then, said CEO Mike Hornacek.

“Across the board, we’re all experiencing the perfect storm that we were all worried about in the nonprofit sector, which is the need is continuing at the level that it did during the pandemic and the funding is going away,” he said.

“Unfortunately, in certain cases like ours in Nebraska, some of the leadership just doesn’t seem to understand that it’s not as simple as people need to get back to work.”

SUMMARY

The Republican solution to all problems (in those rare circumstances when they even offer a solution) is cruelty to the unfortunate.

Too much street crime? The solution is longer jail sentences (i.e., “tough on crime”) rather than treating the fundamental cause of street crime: Poverty.

Illegal drugs? The GOP solution is harsher drug laws (which are proven not to work) rather than aid for rehabilitation.

Sickness? Take away health care insurance.

Homelessness? Take away financial support.

Poverty? Take away what little the poor have to “incentivize” them to work harder.

Illegal border crossings? Build walls and take children from their parents rather than helping people immigrate legally and integrate with American society. Every day we lose the opportunity for thousands of people to become productive Americans, as our ancestors did.

The Republicans have become the party of the rich, the cruel party, the white supremacists, and the neo-nazis, the party of traitors.

Despite all the flag waving, the right-wing has become the antithesis of what America claims to be.

Latent, unAmerican, hate-based cruelty may have begun to flourish with the Tea Party, in 2009, as a reaction to President Barack Obama. Its harsh ideas gradually have grown to full flower under Trump, the exemplar of “me-first, me-only” politics.

[No rational person would take dollars from the economy and give them to a federal government that has the infinite ability to create dollars.]

Rodger Malcolm Mitchell
Monetary Sovereignty

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

……………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most critical problems in economics involve:

Monetary Sovereignty describes money creation and destruction.
Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

The letter Donald Trump may have composed just for me

Here is the text of a letter Donald Trump may have composed just for me.

Dear Rodger,

Many people tell me I love America more than anyone ever has loved America in history, and that is why my billions of patriotic followers believe everything I tell them.

You know we all love America because you’ve seen me hug the flag and you see my followers wave flags.

Thank you, God': Trump revels in reign as absolute king of CPAC | Donald Trump | The Guardian

Cassidy Hutchinson, ignored by all the Trump men at their peril

Here’s more proof of my love for America: My followers put flags in their tweets like this:

They even carried flags into Congress when they tried to overturn the stolen election so there could be a peaceful transfer of power to me. That’s true patriotism, and it’s more than those snowflakes would do.

Here is what one of my writers told me to say about America.

MY ODE TO AMERICA

Rodger Malcolm Mitchell
Monetary Sovereignty

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

……………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

Monetary Sovereignty describes money creation and destruction.
Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

What if China dumps its U.S. Treasuries?

BACKGROUND

The number erroneously referred to as Federal “debt” is the total of outstanding Treasuries. When you buy a Treasury (T-bill, T-bond, T-note), you add to the so-called “debt.”

I say “so-called” because Treasuries are not debts of the United States, nor are they debts of taxpayers.

Treasuries are deposits into Treasury Security accounts.

They resemble bank safe deposit boxes in that the depositor, not the bank or U.S. government, owns the deposits, and the bank never touches them.

Similarly, the federal government neither uses nor even touches the dollars that are in Treasury accounts.

The federal government does not use tax dollars to pay off a T-bill, T-note, or T-bond. The dollars do not help fund federal spending. Nor are they owed by future taxpayers.

Upon maturity, the federal government returns the dollars in a T-account as though these dollars were in a safe-deposit box.

Thus the so-called federal “debt” cannot be too high, nor can it be “unsuitable” (another favorite word of debt worriers) any more than a safe deposit box’s contents can be too high or unsustainable.

The federal government pays its bills out of the General Fund, similar to a checking account, and by law, this fund cannot be negative.

As a bookkeeping device, the federal government sells enough T-securities to offset whatever would be a negative General Fund total.

This accounting trick has no practical significance because the Federal Reserve, now Monetarily Sovereign, has the unlimited ability to increase the dollar balance in the General Fund.

Quote from former Fed Chairman Ben Bernanke when he was on 60 Minutes:
Scott Pelley: Is that tax money that the Fed is spending?
Ben Bernanke: It’s not tax money… We simply use the computer to mark up the size of the account.

Statement from the St. Louis Fed:
“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”

Treasury securities are not a form of borrowing; they are not owed by the government or taxpayers and do not help the government pay its bills. So what is their purpose:

They provide the world with a safe, convenient, interest-paying place to store unused dollars. This helps stabilize the value of the dollar.
Because the Fed arbitrarily determines the interest at which deposits will accumulate funds, these accounts help the Fed control overall interest rates.

Among those who don’t understand Treasuries (T-bills, T-bonds, T-notes), a persistent refrain is, “What if China dumps or stops buying Treasuries?” What would the federal government do?

That is like asking a bank, what if your big, safe-deposit-box customer started taking money out of his box? The answers are:

Nothing, or
If the government needed to add dollars to the total “debt,” the Monetarily Sovereign Federal Reserve would buy T-securities — as many as it wished, whenever it wanted.

Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency.”

The U.S. is not unique in its unlimited ability to create dollars. The European Union has the unlimited ability to create euros:

Press Conference: Mario Draghi, President of the ECB
Question: I am wondering: can the ECB ever run out of money?
Mario Draghi: Technically, no. We cannot run out of money.

All of the above brings us to these excerpts from an article that appeared online:

Memo to China: You Look Silly When You Threaten to Dump Treasuries,

Americans often quote the saying of President Theodore Roosevelt, “Speak softly but carry a big stick.” In other words, it is important to make only realistic threats.

(In that vein), threatening to dump US Treasuries is silly.

China is the second-largest foreign holder of US treasuries, only after Japan. China’s holdings of US treasury securities dropped to $980.8 billion in May, falling below $1 trillion for the first time in 12 years, according to data released by the US Department of the Treasury.

The further deterioration of China-US relations will likely have a direct impact on China’s risk appetite for holding US treasuries, and reducing holding of US treasuries could become a precautionary option.

This was the only large scale ultimatum the Global Times story presented and it’s bizarre to see that one mentioned. China and Japan have both been reducing their holdings of US Treasuries in recent years, with no adverse impact to the US government funding or the dollar.

Recent US Treasury reports show China’s holdings at $981 billion, down from a peak of $1,316 in November 2013. That current $981 billion represents only 3.2% of total US government debt.

….the real reason China cannot sell off its holdings of U.S. government bonds is because Chinese purchases were not made to accommodate U.S. needs.

Rather, China made these purchases to accommodate a domestic demand deficiency in China: Chinese capital exports are simply the flip side of the country’s current account surplus, and without the former, they could not hold down the currency enough to permit the latter.

To see why any Chinese threat to retaliate against U.S. trade intervention would actually undermine China’s own position in the trade negotiations, consider all the ways in which Beijing can reduce its purchases of U.S. government bonds…

China can buy other U.S. assets, other developed-country assets, other developing-country assets, or domestic assets. No other option is possible.

The first two ways would change nothing for either China or the United States. The second two ways would change nothing for China but would cause the U.S. trade deficit to decline, either in ways that would reduce U.S. unemployment or in ways that would reduce U.S. debt.

Finally, the fifth way would also cause the U.S. trade deficit to decline in ways that would likely either reduce U.S. unemployment or reduce U.S. debt; but this would come at the expense of causing the Chinese trade surplus to decline in ways that would either increase Chinese unemployment or increase Chinese debt.

By purchasing fewer U.S. government bonds, in other words, Beijing would leave the United States either unchanged or better off, while doing so would also leave China either unchanged or worse off.

China remains an export-depended economy (even though it is currently trying to shift its economic model).

Therefore, it needs to run a current account (or trade) surplus. If it does not, China will face either

more unemployment, for reduced exports mean that the Chinese exporters are forced to lay off workers,

or more debt, as Beijing will encourage large fiscal transfers to the households (social security, unemployment benefits, food stamps, etc.) or the creation of new businesses to mitigate the consequences of unemployment.

All this requires more money and, consequently, more debt.

This is why China purchases US Treasuries: to run trade surpluses and avoid higher debt/unemployment — not, as many think, to “help” American consumers so that they can purchase more Chinese imports.

China might make geopolitical waves by buying Japanese government debt. The yen is trading at very low levels and the Japanese central bank has had to buy over half the debt outstanding.

This is one of the steps the Federal Reserve could take and often has taken. The Japanese Central Bank is Monetarily Sovereign like the Fed and the EU.

Even if China wanted to buy Japanese debt to support Japan (as in make a point about the US failure to do much about its long-standing post financial crisis distress), it’s not clear the market is liquid enough for China to procure all that much.

In other words, this idea of punishing the US by dumping Treasuries may be appealing to a domestic audience, which has long been unhappy about the magnitude of China’s dollar foreign exchange reserves.

But no one knowledgeable in the US will lose sleep over it.

SUMMARY

The so-called federal “debt” is not a debt. lt is the total of deposits into Treasury Security accounts, which are similar to bank safe-deposit boxes.

Neither the federal government nor future taxpayers owe the “debt.” To pay it off, which is done daily, the Treasury simply returns the contents of these accounts to the account owners.

These accounts serve two purposes: To provide a safe, interest-paying repository for unused dollars (which stabilizes the dollar) and to help the Fed control interest rates.

Thus, there is no danger inherent in a “too-large debt.” Even if China stopped buying T-securities, the U.S. government and U.S. taxpayers would be just fine.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

……………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

Monetary Sovereignty describes money creation and destruction.
Gap Psychology describes the common desire to distance oneself from those “below” in any socioeconomic ranking and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

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The typical applicant in Mississippi was Black and female, Home Corps data shows. Less than a third of applicants were unemployed, but nearly 70% earned less than thearea median income where they lived.

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