How many errors/lies can you find in this one little tweet?

3. “PAID FOR OUT OF. . .” Most people don’t know (but the President of the United States should know) that unlike state and local governments, the US federal government does not use income to pay its bills.

The federal government, being Monetarily Sovereign, never can run short of its own sovereign currency, the U.S. dollar.

The federal government creates brand new dollars, ad hoc, every time it pays a bill. There is no reason to save dollars coming into the governement, so they are destroyed, and new dollars are sent to creditors .

4.  ” . . . THE MASSIVE TARIFF MONEY COMING INTO THE USA!” Either Trump does not understand, or he hopes his tweet readers do not understand, that US tariffs do not “come into the USA.” They are paid by US businesses and US residents, not by foreign nations.

Tariffs are a tax on Americans — a direct transfer from Americans to the federal government.

Could Trump really believe China is paying tariffs to the USA? Is he that stupid?

In short, the entire tweet is one, gigantic lie, written to fool the gullible.

Fortunately for Trump (but unfortunately for America) this nation has a substantial supply of ignorant and gullible people on whom Trump can prey.

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

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

The most important problems in economics involve:

1. Monetary Sovereignty describes money creation and destruction.
2. 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:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

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

MONETARY SOVEREIGNTY