How ignorance of Monetary Sovereignty touches every facet of your life

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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Everything you do; everywhere you go; the false belief that our Monetarily Sovereign Federal government can run short of dollars permeates and sabotages your life.

Consider this article from the 5/29/2017 Chicago Tribune:

A fix for the national parks?
How a risk to the environment could do some good for the environment, (Matthew Brown/AP)

Last year, for the third year in a row, the parks had a record number of visitors – 331 million of them, which exceeds the U.S. population.

More than 11 million saw Great Smoky Mountains National Park, the most popular park, and the Grand Canyon drew 6 million. Overall, attendance was up 7.7 percent over 2015.

In spite of their popularity — and partly because of it — the national parks are hurting, with facilities that are often outdated, overstretched and falling apart. All those visitors put more strain on the infrastructure, but funding has not kept up.

The maintenance backlog at Yellowstone is close to $640 million, according to Trust, a publication of the Pew Charitable Trusts.

Yosemite has $555 million worth of work waiting to be done. The National Park Service’s deferred upkeep totals almost $12 billion.

At the same time, it keeps adding worthy new sites, such the Pullman National Monument in Chicago, which was designated in 2015.

Unless we find ways to conscientiously attend to the park sites we already have, each addition merely stretches the inadequate maintenance budget even thinner.

The problem, according to Matthew Brown of the AP, is money, the one commodity our Monetarily Sovereign Federal government can create in unlimited quantities.

The federal government under President Dwight Eisenhower, decided to provide 10 years of guaranteed funding “to free the program from the burden of yearly appropriations,” notes Trust. Within a few years, visitors could enjoy cleaner, spiffier, better-equipped sites.

Interior Secretary Ryan Zinke is thinking along similar lines. He supports an expansion of oil and gas drilling in federal areas, 94 percent of which are currently off-limits. 

So does President Donald Trump, who appointed Zinke.

Environmentalists don’t like the idea, particularly in Alaska’s Arctic waters, but they could take some consolation from Zinke’s proposal to funnel offshore royalties into park maintenance.

Unlike state and local governments, which are monetarily non-sovereign, our Monetarily Sovereign Federal government creates dollars, ad hoc, every time it pays a creditor.

The Federal government never unintentionally can run short of dollars.  In the 1770s, the Federal government created laws out of thin air, to create the United States, and some of those laws created the very first dollars out of thin air.

Today, the Federal government still creates unlimited dollars out of thin air, because those laws allow it. So long and the government doesn’t run short of laws, it cannot run short of dollars.

Any honest economist understands this.

Who wants to use a fake shortage of dollars as an excuse to drill oil in prohibited areas? The rich oil companies, of course.

The rich oil companies, who don’t give a damn about the environment;  the climate-change deniers; the people who are far more concerned about today’s profits than about the future of the earth; they are the ones who bribe Congress, the press, and too many economists to opt for more drilling in sensitive places.

“If you go back to 2008, the department made $15.5 billion more a year, just in offshore, than we do today,” he said in an April speech.

Earmarking a portion of all these royalties to maintenance of Park Service sites would help assure this necessary obligation doesn’t get short-changed in favor of other, politically more alluring outlays.

And there is something to be said for using funds derived from operations that pose a risk to the environment to do some real good for the environment.

What a phony argument. First, it’s not a “risk.” A “risk” is something that might or might not happen.

Instead, this is a guaranteed, forever destruction of areas designated for the American people and for your children’s children.

And the supposed “real good” is money that the Federal government creates every day, in unlimited quantities, just by paying bills.

If the author were truthful, his statement would have been, “There is something to be said for destroying the environment to give profits to the oil companies.”

Zinke’s idea would serve a useful short-term goal, boosting domestic energy production, along with an invaluable and timeless one, preserving America’s greatest natural treasures.

Americans love the national parks. But those same Americans also should be taking better care of them.

That is the twisted, cynical advice: Take better care of the environment and “preserve Amerca’s greatest natural resources” by poisoning them.

This is yet one more example of how public ignorance has its penalties, and how President Trump and his rich pals lie to destroy your future in exchange for their profits, today.

Drill in Yellowstone, the Grand Canyon and our coastal waters to “save them.” It’s what the rich want you to believe.

Rodger Malcolm Mitchell
Monetary Sovereignty

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THOUGHTS

•All we have are partial solutions; the best we can do is try.

•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 no matter how much it taxes its citizens.

•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.

•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY