–A quick, Sunday afternoon’s lesson in the difference between monetary non-sovereignty and Monetary Sovereignty.

Mitchell’s laws: The more budgets are cut and taxes inceased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
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It’s Sunday afternoon, a time to lean back, close your eyes and let your imagination run free, while I tell you everything you need to know about modern economics:

Visualize a poor guy, who has no source of income, repeatedly borrowing from one credit card to pay another credit card. That’s Greece.

Got it?

Now visualize a rich guy, who has an unlimited source of income, but still repeatedly borrowing from one credit card to pay another credit card. That’s America.

Rodger Malcolm Mitchell
http://www.rodgermitchell.com

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No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption + Net exports

#MONETARY SOVEREIGNTY