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Twitter: @rodgermitchell; Search #monetarysovereignty
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It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders..
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You may have noticed that Donald Trump’s all-time favorite word is, “fantastic.”
The list goes on and on. He seldom tells a lie without using the word, “fantastic.” I’ll bet you could find a couple hundred examples in short order.
But did you know the word fantastic has the original meaning: “existing only in imagination”?
It also comes from the French fantasieus, meaning “weird; insane; make-believe.”
Medieval Latin had fantasticus as a noun, meaning, “a lunatic.”
Old Italian had fantastico, meaning “one who acts ridiculously.”
My questions are, what if Donald Trump suddenly realized he is a weird lunatic who is acting ridiculously, so he apologized to America?
Wouldn’t that be fantastic?
Rodger Malcolm Mitchell
Monetary Sovereignty
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THE RULES
•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..
•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control. The limit to non-federal deficit spending is the ability to borrow.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Progressives 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 the rich and the rest.
•Austerity is the government’s method for widening the Gap between the rich and the rest.
•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..
MONETARY SOVEREIGNTY