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Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong
Its about time that we take care of our own! On Nov 6 2012 Americans rejected the Conservative "Fend For Yourself" religion. In a Monetarily Sovereign Nation there is no need for a balanced budget. Actually Government does not need revenue to spend, it can collect it later as a way to give value to the currency it creates. Spending > Revenue expands the economy, Spending < Revenue contracts the economy, Spending = Revenue is irrelevant and unnecessary. Fiscal Monetary reform is an important agenda for ethical, economic, and political reasons and to undo the privatized franchise by which our economy has been based upon a debt based currency. The deficit terrorism by Fiscal Conservatives threatening austerity and even deeper privatization is based upon the Gold Standard model when dollar was backed by gold and limited, thanks to Nixon, this is no longer the case since 1971, and is thereby false, fraudulent and clearly a fear tactic based upon disinformation. When we align the nature of our economics and the capacities of modern money with the policies of governance as a socializing agenda significant changes will be possible. Based on understanding how sovereign fiat money actually is used can impact Fiscal Policy allowing the Federal government to extend funding for the construction of roads, mass transit, bridges and other "hard" infrastructure to put people back to work which would increase demand for products. This same process can be applied to social infrastructure such as national health care, education, and pensions. Further, an employer of last resort (ELR) process could be established, whereby individuals who wanted to work could be provided a living wage for advancing any number of needed projects toward building communities. Modern Monetary Theory > MMT AND A GOVERNMENT FOR THE PEOPLE | <a href="http://sco.lt/8zdEO1" rel="nofollow">http://sco.lt/8zdEO1</a>; government is not a wealth taker. It is a wealth maker. What’s more, the wealth it makes is not just its own. Generally speaking, people create much more wealth with the aid of government than they do without it. We don’t first become rich and then decide to form a government. First we form governments.  Then and only then can we become rich. Without a strong government that works for all, it is not possible to have a strong economy that works for all. They go together. This important insight is actually inscribed in the preamble of the US Constitution, where “to promote the general welfare” is listed as one of the principal purposes of our federal government, along with establishing justice, insuring domestic tranquility, defending the nation and securing the blessings of liberty."
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We don't borrow from China or anybody! - YouTube

The notion that we borrow from China or anybody else for that matter is totally wrong and based on ignorance. You'll see...even a kid can understand it!!
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What is "fiat" money? - YouTube

In this video I explain what the term "fiat" money is and how our government doesn't have to borrow its own fiat in order to spend.
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No connection between rising Federal debt and interest rates...NONE! - YouTube

This video rebuts the notion that rising Federal debt will lead to a spike in interest rates. If anything, the reverse is true and I have proof!
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Jobs, the Fed and the real way to solve our supposed debt problem - YouTube

The Fed has little to nothing that it can do to spur demand, however, it can do one thing that would eliminate our debt entirely, with the simple stroke of a...
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Donald Trump, who's calling who stupid? - YouTube

Donald Trump says the U.S. is not rich because we "borrow." Hey, doesn't HE borrow to build his buildings? The US is the richest nation ever and the whole no...
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When it comes to the national debt, you are being manipulated - YouTube

From the infamous "debt clock" to offensive billboards of children fear mongering about the debt, you are being manipulated and brainwashed about what the de...
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Mike Norman Economics: Paying off America's Debt is Simple - YouTube

The government spends or pays by just changing numbers in bank accounts. Saying we "lack money" is as stupid as saying we can't play a game of basketball bec...
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Obamacare is tax cut, NOT a tax increase! - YouTube

Those who say it's a tax increase are wrong. Even though some people will have to pay for insurance, the money all stays in the economy. It's more like a red...
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More on the debt crisis is a phony crisis - YouTube

Mike Norman talks about how today's 4-week bill auction was oversubscribed by 8 to 1 and the bills were auctioned off at ZERO percent! The private markets ar...
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The Fed does NOT print money! - YouTube

One of the most often used yet false statements in economics is, "The Fed is printing money." It's totally untrue and Mike Norman explains why.
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For Conservative's "Courage" is Harming Children, Seniors and the Poor - Mahilena's Debunking Libertarianism/Conservatism ...

For Conservative's "Courage" is Harming Children, Seniors and the Poor - Mahilena's  Debunking Libertarianism/Conservatism ... | Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong | Scoop.it
The Republican Definition of Courage is Harming Children, Seniors and the Poor A courageous person displays mental or moral strength to withstand peril, fear, or difficulty in a precarious situation and it is normally attributed to one who opposes...
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Fiat Money and its Social Significance | heteconomist.com

Fiat Money and its Social Significance | heteconomist.com | Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong | Scoop.it
Mahilena Dianz's insight:

Don't let Conservative politicians fool you, Austerity is neither needed nor wanted, Austerity does not bring prosperity but misery for most, only a few benefit, and this few want you to believe that the Government is short of money

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Modern Money & Public Purpose 2: Governments Are Not Households - YouTube

The Columbia Pre-Law Society Proudly Presents: GOVERNMENTS ARE NOT HOUSEHOLDS: Implications Of Monetary Sovereignty & Stock-Flow Consistent Accounting Modera...
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Why Deficits Don't Matter

Why Deficits Don't Matter | Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong | Scoop.it
Stephanie Kelton, Associate Professor of Economics at the University of Missouri/Kansas City, believes that the root of our deficit problems can be found in a fundamental misunderstanding – shared by Democrats, Republicans and mainstream voters...
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Monumental Ignorance! - YouTube

Where are all the "geniuses" who told us that the dollar was going to tank, that US interest rates would spike higher, that the US economy would be the worst...
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Social Security is not bankrupt! - YouTube

The government can create as much money as it wants and pay it to whomever it wants. The real question is whether we have enough of the real assets for peopl...
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There's no such thing as "monetizing the debt" - YouTube

Monetizing the debt was a term used under the gold standard. Those days are long gone. The Fed does not and cannot buy bonds from the Treasury.
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MMT got everything right...AGAIN!!! - YouTube

Here's an update on how MMT called events so far this year. Our record is still 100% perfect. Plus, a special shout out to Warren Mosler!
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MMT doesn't communicate effectively - YouTube

We need more marketing-savvy language to commuicate our ideas and concepts. The right language is crucial if MMT is to spread to a wider audience.
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Thinking about how dumb the gold standard is - YouTube

The gold standard kept the world in a perpetual state of war for thousands of years. Do we really still think we dig our wealth up from out of the ground?
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Fiscal Hawks, Fiscal Prudence, Fiscal Responsibility, Fiscal Conservatism are fraud

The financial elite and their servants in government, are taking our wealth through outright fraud, theft and criminality. The are subverting democracy and t...
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The government doesn't borrow - YouTube

Mike Norman explains that the funds to buy Treasury securities comes from government spending itself and does not constitute borrowing. The sale of securitie...
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"The need to balance the budget is a myth." -Paul Samuelson - YouTube

Famed economist Paul Samuelson once said that the need to balance the budget is superstition...a myth. It's like a religious doctrine that is used to get peo...
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Another Conservative LIE: national debt will be a crushing burden on our children and grandchildren - Mahilena's Debunking Libertarianism/Conservatism ...

Another Conservative LIE: national debt will be a crushing burden on our children and grandchildren - Mahilena's  Debunking Libertarianism/Conservatism ... | Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong | Scoop.it
Why Debt Doomsday is a Myth The debt-doomsday myth goes like this: The national debt will be a crushing burden on our children and grandchildren. Whatever we borrow today will require an eventual tax increase somewhere down the road.
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the ultra-rich want you to believe the federal government is running short of dollars to reduce benefits to the not-ultra-rich

the ultra-rich want you to believe the federal government is running short of dollars to reduce benefits to the not-ultra-rich | Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one. The land of the free for only those fit to survive, the rest can and should perish for the benefit of the strong | Scoop.it
Twitter: @rodgermitchell; Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell Mitchell’s laws: ●The more federal budgets are cut and taxes increased, the weaker an economy becomes. ●Auste...
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