Category: Money Matters


Money toilet
There is a lot of “Doom & Gloom” out there and I don’t believe all I read and hear. That being said, I feel a major collapse coming down the pike. It is mathematically impossible to pay off the massive US debt, they keep creating more. I’m not really sure how there can be debt on paper that was created from nothing and has no value but only debt piled upon debt. While more countries turn away from the US reserve currency a shift will occur, it won’t be good for the US empire as all empires crumble at some point.
I realize a lot of information out there is not true. Its the controlled opposition keeping the masses in check. Fear makes a very good halter while hunger makes a good suppressor.

farm worker 30s

original post: http://thecommonsenseshow.com/

Your life depends on whether you begin to take your assets out the bank and begin to purchase life sustaining supplies.You need to start this process, today, in accordance with the principles I laid out in a previous article.

The Death of the American Economy

There was an obscure story which ran two years ago which is receiving scant attention and yet, it is the banking story of the decade. It is the number one banking story in human history. It is the story which will destroy America’s banking accounts. It is the story that spells the beginning of the end of America’s financial empire. This is the end of the America’s financial empire and NOBODY is talking about it. What is that story? First, the prerequisite background.

Our Crushing Debt
As soon as a baby is born they are 185,000 in debt to the banks.
And this will be looked at as the good ole’ days.
And this will be looked at as the good ole’ days.

Nearly every publication estimates the derivatives debt to be in the range of one quadrillion dollars to $1.5 quadrillion dollars. Conservative estimates tell us that this derivatives debt, that has been assumed by the governments of the world, is at least 16 times the entire value of the assets of Planet Earth. This generation cannot pay off this debt. Your children, grandchildren and even great-great-great-great-great grandchildren cannot pay off this debt. If the status quo were to remain in place this debt could not be paid off in the 25th century, the 30th century, nor the 50th century. My estimates place the interest on the debt to exceed the entire value of the world’s assets and the interest is increasing far faster than the governments of the world can service the debt. Who is the debt owed to? It is owed to the first movers, the owners of the central banking system. If you want an identifiable target, let’s call the debt owners of the planet the Bank of International Settlement (BIS) along with their henchmen at the World Bank, the International Monetary Fund and their minions at the United Nations. The BIS is collapsing its own banking empire in order to usher in a New World Order which will be discussed later in the article.

The world’s economy has been dealt a fatal blow from which it cannot recover. No amount of budget, belt tightening will ever change this fact. We could literally be taxed at a 100% rate and the derivatives debt and the interest on this debt will continue to increase faster than the nations can pay the debt down.

Bank of America Case In Point

In an obscure, but well reported 2011 event, Bank of America announced it was shifting derivatives in its Merrill investment-banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This was announced as a news blurb in the main stream media and was prominently reported in the Daily Bail.

This was the single biggest financial event in the history of America. It was bigger than the 1929 stock market crash and it was bigger than the beginning of the bail outs in 2008, but it did not received the banner headlines that it should have received. What does this mean? It means that the Bank of America’s European derivatives are now going to be “insured” by U.S. taxpayers and its two most important financial institutions, the Federal Reserve and the FDIC. What is even more distressing is that the Bank of America did not even seek or receive regulatory approval for this action. This action was simply acted upon on behalf of frightened counterparties. Under the Federal Bankruptcy Act of 2005, the counterparties derivatives debt receive “super priority” when it comes to the disbursement of FDIC insurance payments to failed banks. Where do the rest of us stand in terms of reimbursement for a failed bank? We are in last place. In short, when your bank fails, your money is gone.

bankstersJust how serious is the derivatives debt for the Bank of America? The Daily Bail reported that this was a “direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input . . . “ The estimated total of derivatives debt tied around the neck of Bank of America is a little under 80 trillion dollars and is growing exponentially because of the interest payments. And yet, there is another shocker, JP Morgan Chase is receiving the same undue government benefit with $79 trillion of its national derivatives debt guaranteed by the FDIC and Federal Reserve. What this means for you and me is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in insurance derivatives contracts, labeled as credit default swaps (CDS) which were sold by Bank of America and JP Morgan. This is when you will lose all control over your money and ultimately your life, if you are not prepared ahead of time.

As Plain As the Nose on Your Face

When the derivatives debt reaches the point where it causes our debt load to be so great that we cannot even service the interest, all financial institutions will fail. All governments will go into default. If the Federal Reserve engages in “print money out of thin air policy” to cover the insurmountable debt, as they did with the bailouts in 2008, the resulting hyperinflation will make the German Weimar Republic seem like a prosperous economy. And do you think your money is safe because of the FDIC? Let me repeat, the FDIC, by law, must first pay the derivatives counterparties. Since the derivatives debt exceed the world’s total wealth by a fact of at least 16, do you now understand how and why you are not getting your money back when EVERY bank fails in the near future? Just the debt insurance that Bank of America and JP Morgan Chase have obtained from the American people totals nearly 160 trillion dollars. Before you accuse me of being paranoid, first explain how that debt can be paid? IT cannot be paid back, ever! However, the banksters are grasping for breath as they die on the vine. However, they will not go down without a fight. They are delaying the inevitable crash which will take them down with us. So, they are trying to keep their heads above water by stealing your bank accounts, your pensions and 401K’s. When your money is gone and your life is destroyed, the one solace we can take is that Wall Street will follow us right into the gates of hell as they will not survive either, and this is all by design. The purveyors of the central banking system are as evil as they come. They have set into motion the derivatives scheme so as to destroy all civilization so they can remake this planet in their own twisted image of their conceptualization of a Brave New World (order).

Out of Chaos Comes the New World Order

apocalypse now
The Bank of International Settlement and its henchmen (i.e. World Bank, IMF) and the United Nations want to collapse the existing order on this planet. Their assault upon humanity has begun. They are beginning the demise with collapsing the world’s financial empire. When economies crumble, national governments will fail and then the people will soon come to understand the term, the New World Order. We are not talking about the creation of just an evil world government. We are talking about the creation of a planetary structure in which most will not survive (see the Georgia Guidestones) and those that do will live in a hellish and biologically transformed slave planet. Without going into great detail here, I would refer you back to the first 30 minutes of the movie, Man of Steel, where the ideals of Krypton will soon be visited upon the Earth in which the inhabitants of this planet will be bred for specific purposes. This new empire will be Satan’s empire and it will be based on their perverted notion of transhumanism.

Under the new transhumanism, you will be bred for servitude and your skill sets will be biologically programmed. In 1932, when Brave New World appeared, it was still science fiction. As my friends Patrick Wood and Barbara Peterson can attest to, that day is here. As I write these words we are entering into a Brave New World. This will be the topic of a future article.

In the meantime, get your money out of the bank while you will can and purchase essentials for your survival, and begin taking your money out today. Buy the essential supplies with your existing bank account. If you delay, your ability to feed, water and protect yourself and your family will disappear as the banksters make off with all of it.

You cannot stop what is coming, you can only prepare to try and survive for as long as you can.

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Remember Janet Napolitano, previous to stepping down from D-H-S said there would be a major cyber attack. Will be on the electrical grid or will it be in banking? Or both, who knows.

elec grid money burn

Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?

Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question. An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. McBride quoted Brown as saying:

If the banks are shutting their doors, and the cash points aren’t working, and people go to Tesco [a grocery chain] and their cards aren’t being accepted, the whole thing will just explode.

If you can’t buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves.

And as soon as people see that on TV, that’s the end, because everyone will think that’s OK now, that’s just what we all have to do. It’ll be anarchy. That’s what could happen tomorrow.

How to deal with that threat? Brown said, “We’d have to think: do we have curfews, do we put the Army on the streets, how do we get order back?”

McBride wrote in his book Power Trip, “It was extraordinary to see Gordon so totally gripped by the danger of what he was about to do, but equally convinced that decisive action had to be taken immediately.” He compared the threat to the Cuban Missile Crisis.

Fear of this threat was echoed in September 2008 by US Treasury Secretary Hank Paulson, who reportedly warned that the US government might have to resort to martial law if Wall Street were not bailed out from the credit collapse.

In both countries, martial law was avoided when their legislatures succumbed to pressure and bailed out the banks. But many pundits are saying that another collapse is imminent; and this time, governments may not be so willing to step up to the plate.

The Next Time WILL Be Different

What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system, a collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but are unregulated. They include hedge funds, money market funds, credit investment funds, exchange-traded funds, private equity funds, securities broker dealers, securitization and finance companies. Investment banks and commercial banks may also conduct much of their business in the shadows of this unregulated system.

The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts – period.”

Governments in Europe are also shying away from further bailouts. The Financial Stability Board (FSB) in Switzerland has therefore required the systemically risky banks to devise “living wills” setting forth what they will do in the event of insolvency. The template established by the FSB requires them to “bail in” their creditors; and depositors, it turns out, are the largest class of bank creditor. (For fuller discussion, see my earlier article here.)

When depositors cannot access their bank accounts to get money for food for the kids, they could well start breaking store windows and helping themselves. Worse, they might plot to overthrow the financier-controlled government. Witness Greece, where increasing disillusionment with the ability of the government to rescue the citizens from the worst depression since 1929 has precipitated riots and threats of violent overthrow.

Fear of that result could explain the massive, government-authorized spying on American citizens, the domestic use of drones, and the elimination of due process and of “posse comitatus” (the federal law prohibiting the military from enforcing “law and order” on non-federal property). Constitutional protections are being thrown out the window in favor of protecting the elite class in power.

The Looming Debt Ceiling Crisis

The next crisis on the agenda appears to be the October 17th deadline for agreeing on a federal budget or risking default on the government’s loans. It may only be a coincidence, but two large-scale drills are scheduled to take place the same day, the “Great ShakeOut Earthquake Drill” and the “Quantum Dawn 2 Cyber Attack Bank Drill.” According to a Bloomberg news clip on the bank drill, the attacks being prepared for are from hackers, state-sponsored espionage, and organized crime (financial fraud). One interviewee stated, “You might experience that your online banking is down . . . . You might experience that you can’t log in.” It sounds like a dress rehearsal for the Great American Bail-in.

– See more at: http://www.globalresearch.ca/martial-law-and-the-economy-is-homeland-security-preparing-for-the-next-wall-street-collapse/5353267#sthash.lnnurd8e.dpuf

If anything is reported by MSM you can count on it being worse than their telling you. The 2010 census claims that 1 in 2 are poor or living below the poverty line. Today the talking heads are saying the economy is not rebounding as fast or good as they had expected, go figure. The powers that be know the only way to save the US economy is another world war. Because the planet is now a global market other countries are worse off than here at home. There will be a “Problem – Reaction – Solution” event soon. They need a massive event to start a massive war. November 12 -13th the government is having a terrorist attack drill on the power grid. With numerous other drills the event has gone live i.e. WTC, London bombing, Sandy Hook, Boston marathon and others. IF the electric grid drill goes live expect power to be off for an extended length of time. Its not turning the power off that creates a problem, its turning it back on. We will have to wait and see how this drill plays out.

evictionnotice

Post at: http://www.independentsentinel.com

Usually when plans fail, the person-in-charge doesn’t double down and make it worse, but not so with Mr. Obama. He believes the reasons for the problems in the United States are not the result of his policies but the result of not enough of them, when he admits he has policies that is.

Take his latest record-breaking firsts and decide if you would like more.

1. The median income has dropped every year Mr. Obama has been in office. Since 2008, it has dropped $2,627. The total number of people living in poverty are 46,496,000, twice the population of Syria, reports CNS News

2. SNAP – food stamps – has a record number of American households enrolled according to CNS News reports. There are more people are on food stamps than all households in the Northeastern United States.

3. A record number $90,473,000 are now out of the work force in our country of a little over 300,000 million people. It is up 10 million under Obama.

4. Seven times as many part-time jobs for every full-time job were created under Obama, in no small part due to Obamacare which penalizes employers for giving more than 30 hours per week to employees by making employers pay for their healthcare.

5. The number of weeks on unemployment has gone from 19.8 weeks to 36.6 weeks thanks to the increase in the number of weeks people are allowed to collect. That was Mr. Obama’s solution to unemployment.

6. Black unemployment continues to go up. It rose to 13% last month.

7. The immigration bill pushed through the Senate claims that illegal aliens who are legalized will all have to get jobs but it leaves out the fact that the dependents of illegal persons, who will also be legalized by the bill, will not.

8. Under Obama, the increase in job employment was 52% greater for foreign-born workers than for native-born citizens in this country, reports CNS News.

9. McDonald’s is pleading for an exemption from the 30-hour work week, according to The Hill. Warren Buffet, a leading supporter and fundraiser for Barack Obama says we need to dump Obamacare and start over. Union leaders are demanding changes in the work week requirement under Obamacare. They are very concerned about the taxes of 40% to be levied on their Cadillac health insurance plans.

10. For the 1,000 straight day, gas has averaged over $3 a gallon. The AAA CEO said gas will never be below $3 a gallon again. The rapid increase in the Chinese economy, which we are helping to fuel, is partly responsible – law of supply and demand. It was $1.85 when Mr. Obama came into office.

11. Another record under Obama is the gap in employment rates with those earning less than $20,000 topping 21% almost matching that of workers during the Great Depression. The rich are getting richer under Obama. According to Business Insider, the net worth of the 7% richest American households rose in wealth by 28%, in no small part due to the $85 billion in QE bailouts Bernanke has pumped into the system, enabling Wall Street to capitalize on it, increasing their wealth. The middle class is eroding its wealth – 93% of American households lost under Obama.

12. Twenty-four years ago, the median income was more than $600 higher than it is now at $51,017.

13. Housing policies under Obama are not solving the problem. His interference in the housing market includes his Troubled Asset Relief Program. So far, since 2009, nearly half of the homeowners who re-negotiated their mortgages are now in default again, reports cnbc.

Bloomberg informs us that for blacks, 18 years of economic progress has vanished and the dream purchasing their own homes has slipped out of their reach. Their unemployment rate is twice that of whites. Homeownership for blacks has fallen from 50% to 43% last quarter. The rates for whites has stopped falling.

Blacks were hit harder by the housing bubble. The reason is somewhat complicated. Almost 40% of borrowers took out loans they couldn’t afford with minority home purchasing helped along with reduced eligibility requirements for credit scores and down payments. They received lower interest rates than non-minorities.

The Fair Housing Act of 1968 and the Equal Credit Opportunity Act of 1974 banned discrimination in lending and home sales based on race and national origin. In 1977, the Community Reinvestment Act bolstered that by guaranteeing banks would actively loan money to ‘credit-worthy borrowers’ in low-income areas.

Obama’s first programs to help homeowners was to spin off with loan modifications, refinancing into lower-cost loans and billions in funding with 60% used in minority areas. The plan was to rebuild uninhabitable homes for first-time buyers in poor neighborhood and high crime areas like the south side of Chicago and Baltimore. The trouble is they are still poor, high-crime areas which are the reasons they are still defaulting.

The Obama administration is blaming banks for their ‘predatory’ lending practices because the homes are going into default and the banks loaned money to people who couldn’t keep up the payments even with all the modifications and assistance. On the other hand, if they don’t do it, they are accused of discrimination and are subjected to a negative PR blitz aimed at destroying non-compliant banks.

The people in these communities need jobs, the children need to stay in school, the gangs need to be broken up, and they need functioning parents.

Mr. Obama has yet another plan to solve the problem of minority home ownership. He will accelerate his social engineering plans even though they haven’t worked so far. He is now mapping every neighborhood in the country and will redistribute the assets of the areas that are not poor to the poor by giving the poor access to schools, homes, and whatever else he can come up with in the more fortunate areas.

14. Our nation, according to the recently released report by the CBO is on an unsustainable path. Mr. Obama will not address the real problem – entitlements. In fact, he’s added more, including Obamacare. We now have to pay for everyone’s every medical need. Instead of devising a plan to help Americans with catastrophic care, Mr. Obama destroyed our entire medical system.

15. Enrollment in Social Security Disability now outpaces job growth. The SSA has lowered the standards to collect. They now include back problems, stress-related illnesses, and people who are bipolar.

16. Fifty-three percent of all Americans now make less than $30,000 per year.

17. Manufacturing jobs have gone from 12.5 million jobs to 11.9 million. Many jobs are going to China. In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars. Check out more on the economic collapse blog.

18.Under Mr. Obama, the federal government has accumulated more debt than under the first 42 presidents combined.

19. In August 2011, Mr. Obama saw the first downgrade of the US credit rating in our history for failing to cut spending or raise revenue. He certainly does do his best to raise revenue through taxation, I will give him that.

20. Mr. Obama is arming terrorists in Syria. You want to know how I know? He had to lift the ban on supplying arms to terrorists to supply our ‘allies’ in Syria. The Washington Examiner has that story.

21. In three years, Mr. Obama played over 100 rounds of golf. That has to be some kind of first for a president. He is going to surpass his own golfing record of 2011 this year. He particularly likes to play during times of crisis and that might be why his number of golfing excursions is picking up.

I have to ask, why would they pass the wall street reform and consumer protection act if they thought that everything was going great. Because they knew that someday their slim bag back room deals would fall apart. This act makes sure they survive the collapse and the people get flushed down the toilet. When it does fall a part and the economy tanks they will control the food, water, air and everything required for survival. You may not be on the living list.

Take Your Money Out of the Bank!

What we’re hearing on MSM is propaganda to build support for WW III. Which will be more of an economic war than a humanitarian one. This possible Syrian war is also a backdoor to a war with Iran, they have defense treaties in place. Who wants war with Iran more than anybody else: Israel. So you can expect the Israelis to be heavily involved.
Also be ready for a MAJOR false flag event in the not to distant future. Because the largest proportions of the US population are saying no more imperial wars. And don’t forget this is your tax dollars at work.

BUSTED! US, UK, BACK FALSE FLAG CHEMICAL ATTACK IN SYRIA

From Jan. 2013
U.S. ‘backed plan to launch chemical weapon attack on Syria and blame it on Assad’s regime’
•Leaked emails from defense contractor refers to chemical weapons saying ‘the idea is approved by Washington’
•Obama issued warning to Syrian president Bashar al-Assad last month that use of chemical warfare was ‘totally unacceptable’

Leaked emails have allegedly proved that the White House gave the green light to a chemical weapons attack in Syria that could be blamed on Assad’s regime and in turn, spur international military action in the devastated country.

A report released on Monday contains an email exchange between two senior officials at British-based contractor Britam Defence where a scheme ‘approved by Washington’ is outlined explaining that Qatar would fund rebel forces in Syria to use chemical weapons.

Read More: http://2012thebigpicture.wordpress.com/2013/08/24/cached-copy-of-scrubbed-article-confirming-us-and-uk-backed-chemical-weapons-in-syria/

Had to add this because the rebels love recording their misdeeds.

The water is starting to boil and soon it will boil over. The economy is already past the point of no return and the FED and central bankers are well aware. Something has to break, this will most likely be the people. As Iv said before I give it until mid 2015 but quite possibly sooner. All depends when they show their cards.

All indicators are pointing to an event occurring this fall. The gun bill, UN arms treaty are all pending in the senate sitting there waiting for something to happen, the FED and financial institutions are continually reminding the world that the BIS wants all central banks to taper come this fall to avoid massive bubbles they are creating and to avoid an economic collapse.

War is coming to cover up the economic collapse

1. The paid mercenary (syrian free army) are losing ground and Assad’s army has retaken the city of Homs and now moving onto Aleppo.

2. The US has been holding aerial drills with Israel

3. Israel has been conducting nighttime parachute drills

4. The fiscal year for providing the paid mercenaries with weapons ends Sept 30.

5. The US government has been strategically preparing for WWIII. Biden says the US will remain in the Asia-Pacific region. They are creating an Arc around China by positioning military assets around the pacific. America’s most capable all-around air weapon, the F-35, will be deployed first in the Pacific once it achieves Initial Operating Capability (IOC), Carlisle said. Air Force F-35s probably will head to four bases: Misawa, Japan; Kadena, Japan; Osan Air Base, Korea; and Kunsan Air Base, Korea.

6. The US government is now providing Philippines with military assets in exchange for the use of the island to rotate US armed troops and equipment to secure the pacific region from threats.

7. Japan now has the authority to act against China if provoked.

8. Israel’s navy is now installing a new defense system on its missile boats, the Barak eight systems on its Saar 5 missile boats that would protect them from the feared Yakhont Russian anti-ship missile

9. The Russian have setup a base in Armenia and installed missiles that can reach Syria

10. Russia are quietly trying to renew their request to set up an air and naval base in Cyprus with the goal of being better able to deploy troops to Syria

11. We have seen countless drills, US and Japan, US and South Korea, US and Israel, Russia and China all countries flexing their muscles.

12. Japan just built the largest warship since world war II. They started building this ship in 2009 and now it is complete just in time and it just so happens that Japan a pacifist country (strongly and actively opposed to conflict and especially war) needs a warship of this magnitude.

Part 1 Of The Economic Collapse This Fall

As we know the central bankers are in a tough spot, if they continue with the money printing the bubbles they are creating are going to eventually pop and the world will see an economic collapse like it has never seen before. If the central bankers ease off and start to taper the world will see an economic collapse, not as bad as all the bubbles popping at once but bad enough that people will want to blame someone for this collapse. The advantage that the central bankers see by tapering is that they think they have control over the collapse. Leading up to the first part of the collapse the US government has been working hard to remove the people’s rights and to put into place security to control the people during this period.

1. Rights of the people have been completely taken away

2. NSA spying on all Americans, tracking keeping tabs on everyone and placing them on lists to be dealt with during the collapse.

3. DHS in place to deal with the American people when the collapse occurs.

4. The US government has succesfully passed laws that take the rights away from the people. The NDAA, Patriot Act, Miranda Exception Rule, Declaring whistle-blowers as traitors etc. The Gun Bill and UN arms treaty that are pending in the senate waiting for the right event to have these passed will allow the government control over the one thing they are most scared of, an armed people.

5. The government needs to control the flow of information, they already control the mainstream media the internet is the prize. With the executive order taking control over all communications ans CISPA pending in the senate, which is waiting for an event to occur so it will be passed will give the government complete control over the internet and they will have the ability it down whenever they need to.

The FED along with the government will proceed with tapering in the fall, all indicators will show that the economy is improving, unemployment, GDP and inflation look good. The FED will announce that they will start to taper and before they have the ability to there will be some type of false flag event that will occur. It could be a cyber attack on the banks. Using a cyber attack from another country will allow the banks to close, bail-ins to occur and the entire collapse can be blamed on another country such as Syria. The focus would be off of the US and the FED and the blame shifted away to another country. To remedy this situation the FED will now need to increase the amount of QE to two times the current amount. Now the FED will be monetizing the debt at a rate of a 170 billion a month.

During this time the US government will now have what it needs to wage war on Syria since they are the cause of the economic collapse of the US. The banks would now need to freeze bank accounts and since bailouts are not allowed under the Resolving Globally Active, Systemically Important, Financial Institutions document. Many of the banks have changed their TOS and they are not responsible for money that is lost due to cyber attacks and the officers and representatives can not be held responsible.

As the US prepares for war, the US economy and the world starts to degrade and goes into a depression spiral. War starts to breakout all over the world, Russia, China, Japan, North Korea and other nations get involved. WWIII has begun and it allowed the economic collapse to be covered up.

Read more at http://investmentwatchblog.com/us-economy-is-on-the-edge-time-is-running-out-to-start-a-new-war/#YVSjyagfgQSJVisK.99

At this point it’s inevitable the US economy will sink like the Titanic. Except it will go down because it’ll displace to much water with all the weight of worthless paper ($) onboard. It’s a mathematically proven positive that it is impossible to pay the national debt, we’re screwed. Knowing of the forth coming collapse it is not a time to panic but, a time to prepare. Better to start late than never.

The destroyers of the US

The destroyers of the US

Have you ever seen a disaster movie that is so bad that it is actually good? Well, that is exactly what Syfy’s new television movie entitled “Sharknado” is. In the movie, wild weather patterns actually cause man-eating sharks to come flying out of the sky. It sounds absolutely ridiculous, and it is. You can view the trailer for the movie right here. Unfortunately, we are witnessing something just as ridiculous in the real world right now. In the United States, the mainstream media is breathlessly proclaiming that the U.S. economy is in great shape because job growth is “accelerating” (even though we actually lost 240,000 full-time jobs last month) and because the U.S. stock market set new all-time highs this week. The mainstream media seems to be absolutely oblivious to all of the financial storm clouds that are gathering on the horizon. The conditions for a “perfect storm” are rapidly developing, and by the time this is all over we may be wishing that flying sharks were all that we had to deal with. The following are 10 reasons why the global economy is about to experience its own version of “Sharknado”…

#1 The financial situation in Portugal continues to deteriorate thanks to an emerging political crisis. It all began last week when Portuguese finance minister Vitor Gaspar resigned…

“Mr. Gaspar’s resignation on July 1 has opened a Pandora’s box,” says Nicholas Spiro, managing director of Spiro Sovereign Strategy. “Portuguese politicians from the President down are treating the exit of Mr. Gaspar, the architect of the fiscal and structural reforms demanded by the troika, as a green light for a public debate about the bail-out programme. Yet the manner in which this debate is taking place, with the President undermining the prime minister and the opposition leader seeking to renegotiate the terms of the programme, is spooking markets.”

The general population is becoming increasingly restless as the nation plunges down the exact same path that Greece has gone. Nobody seems to have any solutions as the economic problems continue to escalate. According to Reuters, the president of Portugal has added fuel to the fire by calling for early elections next year…

Portugal’s president threw the bailed-out euro zone country into disarray on Thursday after rejecting a plan to heal a government rift, igniting what critics called a “time bomb” by calling for early elections next year.

Due to all of this instability in Portugal, the yield on Portuguese bonds shot up to 7.51% this week. That is a very bad sign.

#2 The economic depression in Greece continues to deepen, and it is being reported that Greece will not even come close to hitting the austerity targets that it was supposed to hit this year…

A leaked report from the European Commission confirms that Greece will miss its austerity targets yet again by a wide margin. It alleges that Greece lacks the “willingness and capacity” to collect taxes. In fact, Athens is missing targets because the economy is still in freefall and that is because of austerity overkill. The Greek think-tank IOBE expects GDP to fall 5pc this year. It has told journalists privately that the final figure may be -7pc.

Another 7 percent contraction for the Greek economy?

It has already been contracting steadily for years.

At this point, it would be hard to overstate how bad economic conditions inside Greece are. The following is from a recent article by Simon Black…

My friend Illias took a drag of his cigarette as he contemplated my question.

“Our government tells us that this will be a better year. No one really believes them. But all we can do is be optimistic. Too many people are committing suicide.”

His statement probably best sums up the situation in Greece right now. It’s as if the hopelessness has gone stale, and the only thing they have to replace it with is desperate, misguided, faux-optimism. And anger.

There are roughly 11 million people in this country. 3.4 million of them are employed, of which roughly one third work for the government.

1.34 million people are ‘officially’ unemployed. To put this in context, it would be as if there were 36 million officially unemployed in the US.

More startling, if you add the number of ‘inactive’ workers (i.e. those who gave up looking), the total number of unemployed is roughly 57% of the entire Greek work force.

#3 The economic crisis in the third largest country in the eurozone, Italy, has taken another turn for the worse. The unemployment rate in Italy is up to 12.2 percent, which is the highest in 35 years. An average of 134 retail outlets are shutting down in Italy every single day, and the debt of the country has been downgraded again to just above junk status…

Italy’s slow crisis is again flaring up. Its debt trajectory has punched through the danger line over the past two years. The country’s €2.1 trillion (£1.8 trillion) debt – 129pc of GDP – may already be beyond the point of no return for a country without its own currency.

Standard & Poor’s did not say this outright when it downgraded the country to near-junk BBB on Tuesday. But if you read between the lines, it is close to saying the game is up for Italy.

#4 There are rumors that some of the biggest banks in the world are in very serious trouble. For example, Jim Willie (a financial writer who usually puts out really solid information) is insisting that Deutsche Bank is on the verge of collapse…

The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. They are Deutsche Bank in Germany, Barclays in London, and Citibank in New York. Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.

Time will tell if he is right. But without a doubt the global financial system is extremely vulnerable right now.

Most Americans assume that the problems that caused the financial crash of 2008 were fixed, but that is most definitely NOT the case. In fact, our financial system is far more shaky today than it was just before the last financial crisis. When one major bank goes down, we could start to see others fall like dominoes.

#5 Just before the financial crisis of 2008, the price of oil spiked dramatically. Well, it is starting to happen again. The price of oil hit $106 a barrel on Friday. If the price of oil continues to rise at this pace, it is going to mean big trouble for economies all over the planet.

And as I wrote about recently, every time the average price of a gallon of gasoline in the United States has risen above $3.80 during the past three years, a stock market decline has always followed.

The average price of a gallon of gasoline in the United States reached $3.55 on Friday. This is a number to keep a close eye on.

#6 Mortgage rates are absolutely skyrocketing right now…

The average U.S. rate on the 30-year fixed mortgage rose this week to 4.51%, a two-year high. Rates have been rising on expectations that the Federal Reserve will slow its bond purchases this year.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan jumped from 4.29% the previous week. Just two months ago, it was 3.35% — barely above the record low of 3.31%.

This threatens to throw the U.S. real estate market into a slowdown worse than anything we have seen since the last recession.

#7 This upcoming corporate earnings season is shaping up to be an extremely disappointing one. In fact, the percentage of companies issuing negative earnings guidance for this quarter is at a level that we have never seen before.

So is this a sign that economic activity is starting to slow down significantly?

#8 U.S. stocks are massively overextended right now. In fact, according to Graham Summers, this is the most overextended stocks have been in the past 20 years…

Today, the S&P 500 is sitting a full 30% above its 200-weekly moving average. We have NEVER been this overextended above this line at any point in the last 20 years.

#9 Rapidly rising interest rates are causing the bond market to begin to come apart at the seams. There is concern that the 30 year bull market for bonds is now over and investors are starting to pull their money out of the market at a staggering rate. In fact, 80 billion dollars was pulled out of bond funds during June alone.

#10 Rapidly rising interest rates could cause an implosion of the derivatives market at any moment. As I am so fond of reminding everyone, there are approximately 441 trillion dollars worth of interest rate derivatives out there.

If interest rates continue to soar, we could potentially see a financial disaster that is absolutely unprecedented, and the too big to fail banks would be the most vulnerable.

As USA Today recently reported, there are just five major banks that absolutely dominate derivatives trading in the United States…

Five of the biggest U.S. banks — JPMorgan, Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Morgan Stanley — account for more than 90% of derivatives contracts. Regulators estimate that nearly half of derivatives are traded outside the United States.

Could you imagine the financial devastation that we would see if several of those banks started to collapse at the same time?

When you hear the mainstream media begin to talk about a “derivatives crisis” involving major banks, that will be a sign that disaster is upon us.

Most Americans don’t realize that Wall Street has been transformed into the largest casino in the history of the world. Most Americans don’t realize that the major banks are literally walking a financial tightrope each and every day.

All it is going to take is one false step and we will be looking at a financial crisis even worse than what happened back in 2008.

So enjoy this little bubble of false prosperity while you can.

It is not going to last for too much longer.

Posted: http://www.blacklistednews.com

Get ready, this might be the big one. You know, the start of the one world currency bankster monopoly. I’m sure it’ll still be a money from nothing scam, more pieces of paper that in reality are worthless.

Listen to Ms. Hudes closely, what she is stating is outrageous and damming. With a big BUT, listen to what she says toward the end. Is she being allowed to say all this to promote a one world currency? I don’t know but, the powers that be have been perpetrating this money junkie scam for decades. What you think you have and what you really have are two different things. I’m sure your all well aware if you don’t pay your taxes to the strong arm of the fed (irs) they will come and take everything you paid to much for as a banker slave.

The cost for farming, manufacturing and services should have declined due to technology which saves time and money but, have increased enormously since 1913. The value of the USD has declined due to manipulation of the system. The dollar was once worth a dollar in precious metal, today its worth about 2 cents in the same metals, thanks to the federal reserve act. Where has all this wealth vanished too? Wait a sec, I’ll bet Leahy got some, he certainly knows the game by now.

At 1:45 she states who she gave this information to. Does the name Leahy ring a bell?

 

 

Q & A about the I-R-S

 

Given the scandals surrounding the IRS, which is nothing new I decided to drag this out of my archives. Originally this was a list of 31 questions; I’ve shortened the list to less pages due to length, this was lengthily and sort of still is.  Some of the answers have been shortened also. Many people are unaware the history and the illegality of this strong arm of the federal reserve.  

 

IRS under the looking glass

IRS under the looking glass

 

 

Questions and Answers about

the Internal Revenue Service

 

certified by Paul Andrew Mitchell, B.A., M.S.

 

Common Law Copyright

All Rights Reserved without Prejudice

 1.               Is the Internal Revenue Service (“IRS”) an organization within the U.S. Department of the Treasury?

Answer:  No.  The IRS is not an organization within the United States Department of the Treasury.  The U.S. Department of the Treasury was organized by statutes now codified in Title 31 of the United States Code, abbreviated “31 U.S.C.”  The only mention of the IRS anywhere in 31 U.S.C. §§ 301‑310 is an authorization for the President to appoint an Assistant General Counsel in the U.S. Department of the Treasury to be the Chief Counsel for the IRS.  See 31 U.S.C. 301(f)(2).

At footnote 23 in the case of Chrysler Corp. v. Brown, 441 U.S. 281 (1979), the U.S. Supreme Court admitted that no organic Act for the IRS could be found, after they searched for such an Act all the way back to the Civil War, which ended in the year 1865 A.D.  The Guarantee Clause in the U.S. Constitution guarantees the Rule of Law to all Americans (we are to be governed by Law and not by arbitrary bureaucrats).  See Article IV, Section 4.  Since there was no organic Act creating it, IRS is not a lawful organization.

2.               If not an organization within the U.S. Department of the Treasury, then what exactly is the IRS?

Answer:  The IRS appears to be a collection agency working for foreign banks and operating out of Puerto Rico under color of the Federal Alcohol Administration (“FAA”).  But the FAA was promptly declared unconstitutional inside the 50 States by the U.S. Supreme Court in the case of U.S. v. Constantine, 296 U.S. 287 (1935), because Prohibition had already been repealed.

In 1998, the United States Court of Appeals for the First Circuit identified a second “Secretary of the Treasury” as a man by the name of Manual Díaz-Saldaña.  See the definitions of “Secretary” and “Secretary or his delegate” at 27 CFR 26.11 (formerly 27 CFR 250.11), and the published decision in Used Tire International, Inc. v. Manual Díaz-Saldaña, court docket number 97‑2348, September 11, 1998.  Both definitions mention Puerto Rico.

When all the evidence is examined objectively, IRS appears to be a money laundry, extortion racket, and conspiracy to engage in a pattern of racketeering activity, in violation of 18 U.S.C. 1951 and 1961 et seq. (“RICO”).  Think of Puerto RICO (Racketeer Influenced and Corrupt Organizations Act);  in other words, it is an organized crime syndicate operating under false and fraudulent pretenses.  See also the Sherman Act and the Lanham Act.

3.               By what legal authority, if any, has the IRS established offices inside the 50 States of the Union?

Answer:  After much diligent research, several investigators have concluded that there is no known Act of Congress, nor any Executive Order, giving IRS lawful jurisdiction to operate within any of the 50 States of the Union.

Their presence within the 50 States appears to stem from certain Agreements on Coordination of Tax Administration (“ACTA”), which officials in those States have consummated with the Commissioner of Internal Revenue.  A template for ACTA agreements can be found at the IRS Internet website and in the Supreme Law Library on the Internet.

However, those ACTA agreements are demonstrably fraudulent, for example, by expressly defining “IRS” as a lawful bureau within the U.S. Department of the Treasury.  (See Answer to Question 1 above.)  Moreover, those ACTA agreements also appear to violate State laws requiring competitive bidding before such a service contract can be awarded by a State government to any subcontractor.  There is no evidence to indicate that ACTA agreements were reached after competitive bidding processes;  on the contrary, the IRS is adamant about maintaining a monopoly syndicate.

4.               Can IRS legally show “Department of the Treasury” on their outgoing mail?

Answer:  No.  It is obvious that such deceptive nomenclature is intended to convey the false impression that IRS is a lawful bureau or department within the U.S. Department of the Treasury.  Federal laws prohibit the use of United States Mail for fraudulent purposes.  Every piece of U.S. Mail sent from IRS with “Department of the Treasury” in the return address, is one count of mail fraud.  See also 31 U.S.C. 333.

5.               Does the U.S. Department of Justice have power of attorney to represent the IRS in federal court?

Answer:  No.  Although the U.S. Department of Justice (“DOJ”) does have power of attorney to represent federal agencies before federal courts, the IRS is not an “agency” as that term is legally defined in the Freedom of Information Act or in the Administrative Procedures Act.  The governments of all federal Territories are expressly excluded from the definition of federal “agency” by Act of Congress.  See 5 U.S.C. 551(1)(C).

Since IRS is domiciled in Puerto Rico (RICO?), it is thereby excluded from the definition of federal agencies which can be represented by the DOJ.  The IRS Chief Counsel, appointed by the President under authority of 31 U.S.C. 301(f)(2), can appear, or appoint a delegate to appear in federal court on behalf of IRS and IRS employees.  Again, see the Answer to Question 1 above.  As far as powers of attorney are concerned, the chain of command begins with Congress, flows to the President, and then to the IRS Chief Counsel, and NOT to the U.S. Department of Justice.

You pay We play

You pay We play

6.               Were the so-called 14th and 16th amendments properly ratified?

Answer:  No.  Neither was properly ratified.  In the case of People v. Boxer (December 1992), docket number #S-030016, U.S. Senator Barbara Boxer fell totally silent in the face of an Application to the California Supreme Court by the People of California, for an ORDER compelling Senator Boxer to witness the material evidence against the so-called 16th amendment.

That so‑called “amendment” allegedly authorized federal income taxation, even though it contains no provision expressly repealing two Constitutional Clauses mandating that direct taxes must be apportioned.  The Ninth Circuit Court of Appeals and the U.S. Supreme Court have both ruled that repeals by implication are not favored.  See Crawford Fitting Co. et al. v. J.T. Gibbons, Inc., 482 U.S. 437, 442 (1987).

The material evidence in question was summarized in AFFIDAVIT’s that were properly executed and filed in that case.  Boxer fell totally silent, thus rendering those affidavits the “truth of the case.”  The so‑called 16th amendment has now been correctly identified as a major fraud upon the American People and the United States.  Major fraud against the United States is a serious federal offense.  See 18 U.S.C. 1031.

Similarly, the so-called 14th amendment was never properly ratified either.  In the case of Dyett v. Turner, 439 P.2d  266, 270 (1968), the Utah Supreme Court recited numerous historical facts proving, beyond any shadow of a doubt, that the so‑called 14th amendment was likewise a major fraud upon the American People.

Those facts, in many cases, were Acts of the several State Legislatures voting for or against that proposal to amend the U.S. Constitution.  The Supreme Law Library has a collection of references detailing this major fraud.

The U.S. Constitution requires that constitutional amendments be ratified by three-fourths of the several States.  As such, their Acts are governed by the Full Faith and Credit Clause in the U.S. Constitution.  See Article IV, Section 1.

Judging by the sheer amount of litigation its various sections have generated, particularly Section 1, the so‑called 14th amendment is one of the worst pieces of legislation ever written in American history.  The phrase “subject to the jurisdiction of the United States” is properly understood to mean “subject to the municipal jurisdiction of Congress.”  (See Answer to Question 19 below.)

For this one reason alone, the Congressional Resolution proposing the so-called 14th amendment is provably vague and therefore unconstitutional.  See 14 Stat. 358-359, Joint Resolution No. 48, June 16, 1866.

7.               Where are the statutes that create a specific liability for federal income taxes?

Answer:  Section 1 of the Internal Revenue Code (“IRC”) contains no provisions creating a specific liability for taxes imposed by subtitle A.  Aside from the statutes which apply only to federal government employees, pursuant to the Public Salary Tax Act, the only other statutes that create a specific liability for federal income taxes are those itemized in the definition of “Withholding agent” at IRC section 7701(a)(16).  For example, see IRC section 1461.  A separate liability statute for “employment” taxes imposed by subtitle C is found at IRC section 3403.

After a worker authorizes a payroll officer to withhold taxes, typically by completing Form W‑4, the payroll officer then becomes a withholding agent who is legally and specifically liable for payment of all taxes withheld from that worker’s paycheck.  Until such time as those taxes are paid in full into the Treasury of the United States, the withholding agent is the only party who is legally liable for those taxes, not the worker.  See IRC section 7809 (“Treasury of the United   States”).

If the worker opts instead to complete a Withholding Exemption Certificate, consistent with IRC section 3402(n), the payroll officer is not thereby authorized to withhold any federal income taxes.  In this latter situation, there is absolutely no liability for the worker or for the payroll officer;  in other words, there is no liability PERIOD, specifically because there is no withholding agent.

8.               Can a federal regulation create a specific liability, when no specific liability is created by the corresponding statute?

Answer:  No.  The U.S. Constitution vests all legislative power in the Congress of the United States.  See Article I, Section 1.  The Executive Branch of the federal government has no legislative power whatsoever.  This means that agencies of the Executive Branch, and also the federal Courts in the Judicial Branch, are prohibited from making law.

If an Act of Congress fails to create a specific liability for any tax imposed by that Act, then there is no liability for that tax.  Executive agencies have no authority to cure any such omission by using regulations to create a liability.

“[A]n administrative agency may not create a criminal offense or any liability not sanctioned by the lawmaking authority, especially a liability for a tax or inspection fee.”  See Commissioner of Internal Revenue v. Acker, 361 U.S. 87, 4 L.Ed.2d 127, 80 S.Ct. 144 (1959), and Independent Petroleum Corp. v. Fly, 141 F.2d 189 (5th Cir. 1944) as cited at 2 Am Jur 2d, p. 129, footnote 2 (1962 edition) [bold emphasis added].  However, this cite from American Jurisprudence has been removed from the 1994 edition of that legal encyclopedia.

9.               The federal regulations create an income tax liability for what specific classes of people?

Answer:  The regulations at 26 CFR 1.1-1 attempted to create a specific liability for all “citizens of the United States” and all “residents of the United   States”.  However, those regulations correspond to IRC section 1, which does not create a specific liability for taxes imposed by subtitle A.

Therefore, these regulations are an overly broad extension of the underlying statutory authority; as such, they are unconstitutional, null and void ab initio (from the beginning, in Latin).  The Acker case cited above held that federal regulations can not exceed the underlying statutory authority.  (See Answer to Question 8 above.)

10.           How many classes of citizens are there, and how did this number come to be?

Answer:  There are two (2) classes of citizens:  State Citizens and federal citizens.  The first class originates in the Qualifications Clauses in the U.S. Constitution, where the term “Citizen of the United   States” is used.  (See 1:2:2, 1:3:3 and 2:1:5.)  Notice the UPPER-CASE “C” in “Citizen”.

The pertinent court cases have defined the term “United States” in these Clauses to mean “States United”, and the full term means “Citizen of ONE OF the States United”.  See People v. De La Guerra, 40 Cal. 311, 337 (1870);  Judge Pablo De La Guerra signed the California Constitution of 1849, when California first joined the Union.  Similar terms are found in the Diversity Clause at Article III, Section 2, Clause 1, and in the Privileges and Immunities Clause at Article IV, Section 2, Clause 1.  Prior to the Civil War, there was only one (1) class of Citizens under American Law.  See the holding in Pannill v. Roanoke, 252 F. 910, 914‑915 (1918), for definitive authority on this key point.

The second class originates in the 1866 Civil Rights Act, where the term “citizen of the United States” is used.  This Act was later codified at 42 U.S.C. 1983.  Notice the lower-case “c” in “citizen”.  The pertinent court cases have held that Congress thereby created a municipal franchise primarily for members of the Negro race, who were freed by President Lincoln’s Emancipation Proclamation (a war measure), and later by the Thirteenth Amendment banning slavery and involuntary servitude.  Compelling payment of a “tax” for which there is no liability statute is tantamount to involuntary servitude, and extortion.

13.           What is a “Withholding agent”?

Answer:  (See Answer to Question 7 first.)  The term “Withholding agent” is legally defined at IRC section 7701(a)(16).  It is further defined by the statutes itemized in that section, e.g. IRC 1461 where liability for funds withheld is clearly assigned.  In plain English, a “withholding agent” is a person who is responsible for withholding taxes from a worker’s paycheck, and then paying those taxes into the Treasury of the United States, typically on a quarterly basis.  See IRC section 7809.

One cannot become a withholding agent unless workers first authorize taxes to be withheld from their paychecks.  This authorization is typically done when workers opt to execute a valid W‑4 “Employee’s Withholding Allowance Certificate.”  In plain English, by signing a W‑4 workers designate themselves as “employees” and certify they are allowing withholding to occur.

If workers do not execute a valid W‑4 form, a company’s payroll officer is not authorized to withhold any federal income taxes from their paychecks.  In other words, the payroll officer does not have “permission” or “power of attorney” to withhold taxes, until and unless workers authorize or “allow” that withholding ‑‑ by signing Form W‑4 knowingly, intentionally and voluntarily.

Pay particular attention to the term “Employee” in the title of this form.  A properly executed Form W‑4 creates the presumption that the workers wish to be treated as if they were “employees” of the federal government.  Obviously, for people who do not work for the federal government, such a presumption is a legal fiction, at best.

15.           What is “tax evasion” and who might be guilty of this crime?

Answer:  “Tax evasion” is the crime of evading a lawful tax.  In the context of federal income taxes, this crime can only be committed by persons who have a legal liability to pay, i.e. the withholding agent.  If one is not employed by the federal government, one is not subject to the Public Salary Tax Act unless one chooses to be treated “as if” one is a federal government “employee.”  This is typically done by executing a valid Form W‑4.

However, as discussed above, Form W‑4 is not mandatory for workers who are not “employed” by the federal government.  Corporations chartered by the 50 States of the Union are technically “foreign” corporations with respect to the IRC;  they are decidedly not the federal government, and should not be regarded “as if” they are the federal government, particularly when they were never created by any Act of Congress.

16.           Why does IRS Form 1040 not require a Notary Public to notarize a taxpayer’s signature?

Answer:  This question is one of the fastest ways to unravel the fraudulent nature of federal income taxes.  At 28 U.S.C. section 1746, Congress authorized written verifications to be executed under penalty of perjury without the need for a Notary Public, i.e. to witness one’s signature.

This statute identifies two different formats for such written verifications:  (1) those executed outside the “United States” and (2) those executed inside the “United States”.  These two formats correspond to sections 1746(1) and 1746(2), respectively.

What is extremely revealing in this statute is the format for verifications executed “outside the United States”.  In this latter format, the statute adds the qualifying phrase “under the laws of the United States of America”.

Clearly, the terms “United States” and “United States of   America” are both used in this same statute.  They are not one and the same.  The former refers to the federal government — in the U.S. Constitution and throughout most federal statutes.  The latter refers to the 50 States that are united by, and under, the U.S. Constitution.  28 U.S.C. 1746 is the only federal statute in all of Title 28 of the United States Code that utilizes the term “United States of America”, as such.

17.           Does the term “United States” have multiple legal meanings and, if so, what are they?

Answer:  Yes.  The term has several meanings.  The term “United States” may be used in any one of several senses.  [1] It may be merely the name of a sovereign occupying the position analogous to that of other sovereigns in the family of nations.  [2] It may designate the territory over which the sovereignty of the United States extends, or [3] it may be the collective name of the States which are united by and under the Constitution.  See Hooven & Allison Co. v. Evatt, 324 U.S. 652 (1945) [bold emphasis, brackets and numbers added for clarity].

18.           Is the term “income” defined in the IRC and, if not, where is it defined?

Answer:  The Eighth Circuit Court of Appeals has already ruled that the term “income” is not defined anywhere in the IRC:  “The general term ‘income’ is not defined in the Internal Revenue Code.”  U.S. v. Ballard, 535 F.2d 400, 404 (8th Circuit, 1976).

Moreover, in Mark Eisner v. Myrtle H. Macomber, 252 U.S. 189 (1920), the high Court told Congress it could not legislate any definition of “income” because that term was believed to be in the U.S. Constitution.  The Eisner case was predicated on the ratification of the 16th amendment, which would have introduced the term “income” into the U.S. Constitution for the very first time (but only if that amendment had been properly ratified).

20.           What does it mean if my State is not mentioned in any of the federal income tax statutes?

The general rule is that federal government powers must be expressed and enumerated.  For example, the U.S. Constitution is a grant of enumerated powers.  If a power is not enumerated in the U.S. Constitution, then Congress does not have any authority to exercise that power.  This rule is tersely expressed in the Ninth Amendment, in the Bill of Rights.

If California is not mentioned in any of the federal income tax statutes, then those statutes have no force or effect within that State.  This is also true of all 50 States.

21.           In what other ways is the IRC deliberately vague, and what are the real implications for the average American?

There are numerous other ways in which the IRC is deliberately vague.  The absence of any legal definition for the term “income” is a classic deception.  The IRS enforces the Code as a tax on everything that “comes in,” but nothing could be further from the truth.  “Income” is decidedly NOT everything that “comes in.”

More importantly, the fact that this vagueness is deliberate is sufficient grounds for concluding that the entire Code is null, void and unconstitutional, for violating our fundamental Right to know the nature and cause of any accusation, as guaranteed by the Sixth Amendment in the Bill of Rights.

Whether the vagueness is deliberate or not, any statute is unconstitutionally void if it is vague.  If a statute is void for vagueness, the situation is the same as if it had never been enacted at all, and for this reason it can be ignored entirely.

22.           Has Title 26 of the United States Code (“U.S.C.”) ever been enacted into positive law, and what are the legal implications if Title 26 has not been enacted into positive law?

Answer:  No.  Another, less obvious case of deliberate deception is the statute at IRC section 7851(a)(6)(A), where it states that the provisions of subtitle F shall take effect on the day after the date of enactment of “this title”.  Because the term “this title” is not defined anywhere in the IRC, least of all in the section dedicated to definitions, one is forced to look elsewhere for its meaning, or to derive its meaning from context.

Throughout Title 28 of the United States Code — the laws which govern all the federal courts — the term “this title” clearly refers to Title 28.  This fact would tend to support a conclusion that “this title”, as that term is used in the IRC, refers to Title 26 of the United States Code.  However, Title 26 has never been enacted into positive law, as such.

Even though all federal judges may know the secret meaning of “this title”, they are men and women of UNcommon intelligence.  The U.S. Supreme Court’s test for vagueness is violated whenever men and women of common intelligence must necessarily guess at the meaning and differ as to the application of a vague statute.  See Connally et al. v. General Construction Co., 269 U.S. 385, 391 (1926).  Thus, federal judges are applying the wrong test for vagueness.

Accordingly, the provisions of subtitle F have never taken effect.  (“F” is for enForcement!)  This subtitle contains all of the enforcement statutes of the IRC, e.g. filing requirements, penalties for failure to file and tax evasion, grants of court jurisdiction over liens, levies and seizures, summons enforcement and so on.

In other words, the IRC is a big pile of Code without any teeth; as such, it can impose no legal obligations upon anyone, not even people with dentures!

28.           Can the IRS levy bank accounts without a valid court order?

Answer:  No.  The Fifth Amendment prohibits all deprivations of life, liberty, or property without due process of law.  Due Process of Law is another honored and well developed feature of American constitutional practice.  Put simply, it requires Notice and Hearing before any property can be seized by any federal government employees, agents, departments or agencies.

A levy against a bank account is a forced seizure of property, i.e. the funds on deposit in that account.  No such seizure can occur unless due process of law has first run its course.  This means notice, hearing, and deliberate adjudication of all the pertinent issues of law and fact.

Only after this process has run its proper or “due” course, can a valid court order be issued.  The holding in U.S. v. O’Dell, 160 F.2d 304 (6th Cir. 1947), makes it very clear that the IRS can only levy a bank account after first obtaining a Warrant of Distraint, or court ORDER.  And, of course, no court ORDER could ever be obtained unless all affected Parties had first enjoyed their “day in court.”

29.           Do federal income tax revenues pay for any government services and, if so, which government services are funded by federal income taxes?

Answer:  No.  The money trail is very difficult to follow, in this instance, because the IRS is technically a trust with a domicile in Puerto Rico.  See 31 U.S.C. 1321(a)(62).  As such, their records are protected by laws which guarantee the privacy of trust records within that territorial jurisdiction, provided that the trust is not also violating the Sherman Antitrust Act.

 

 

 

The Money Machine

The Money Machine

This isn’t new news; the only part that is new is that an official of the World Bank is coming forward to spill the beans. In the past the world bankers attempted the control of US funds but failed because our elected officials still had compassion and morels toward their contingents. By December 1913 the banksters got a break and created the privately owned Federal Reserve. Of course they swore up and down this would stabilize our economy, right. The act just gave them the ability to create booms and busts to their advantage. This corruption and lawlessness doesn’t stop with the world bankers, they have bought 90% of the world governments including most of ours.

I hope Ms. Hudes has a Kevlar vest and armed body guards because anybody that has tried to bring the world bankers into the open normally has one foot in the grave. I wouldn’t be a bit surprised if we don’t hear she committed suicide by shooting herself in the back of the head twice and then hanging herself.

I would have linked to this article but, I read so much I can’t remember where it came from. If I find it I’ll post it.

World Bank Insider Blows Whistle on Corruption, Federal Reserve

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.

“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”

The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox. Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”

Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system…. It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.

The banking practices of the private FedReserveBank are not what your taught. And, that goes for the I-R-S and the US Treasury Department as well. The present finacial and currency system is the biggest fraud perptrated on mankind. The USD are worthless pieces of paper backed by nothing but the good faith of the government. Do you think our government, which is controled by fed interests have “good faith” toward the people? BTW the 16th amendment was never ratified, read The Law That Never Was.

Watch and listen to the presentation below. fed2

Video Link: https://www.youtube.com/watch?v=JbAl__y6mJw

https://www.youtube.com/watch?feature=player_detailpage&v=JbAl__y6mJw

Fossil Fuel – or is it?

Oil, not a fossil fuel

A study was recently published in Science Magazine that presented new evidence supporting the abiotic theory for the origin of oil, which asserts oil is a natural product the Earth generates constantly rather than a “fossil fuel” derived from decaying ancient forests and dead dinosaurs. If you don’t read Science Magazine then you would not have known this. The oil barons of the world don’t want you to know their pricing it like it’s going to run out by 2020.
The report goes on to say that oil is created within the mantle of the earth then seeps up through bedrock to deposit in sedimentary rock, where it can be retrieved. Another source attributes the percolation of oil toward the surface from the rotation of the earth.

The White Tiger oil field off the coast of Vietnam is roughly 3 miles deep, 2.5 miles which is fractured granite basement. The “fossil fuel” theory can’t explain discovering oil at these depths in granite rock. The Russians have teamed with Vietnam to make this discovery. It appears the Russians are well aware that oil is abiotic in nature.

According to the Energy Information Administration of the U.S. Department of Energy worldwide oil production in 1980 was 645 billion barrels. That certainly is a lot of oil being pumped out of the earth, wouldn’t you think at that rate oil would have been depleted in a relatively short time? No, by 2005 worldwide production was at 1.28 trillion barrels.

Even with the increase of oil production the cost of energy keeps increasing due to the fact that we aren’t refining any more than in 1976. The last refinery built in the U.S. was 1976. Build more refineries and we could produce more gas and consequently the price would decrease. But the powers that be wouldn’t have such a thing; profits at all cost must be maintained. So even though there is more than enough oil don’t expect price per barrel to go down anytime soon.

Petro Dollar

In the early 70’s President Nixon and Kissinger made a deal with Saudi Arabia, after Nixon took the U.S. off the gold standard, to use only USD to purchase oil. From that monopoly on the all-important oil trade the US dollar slowly but surely became the reserve currency for global trades in most commodities and goods. Substantial demand for US dollars ensued, pushing the dollar’s value up beyond its true value. We know where that situation led – to an US government suffocating in debt while its citizens face stubbornly high unemployment (due in part to the high value of the dollar); a failed real estate market; record personal-debt burdens; a ballooned corrupt banking system; which is ready to pop and a swaying economy. In addition, countries stored their excess US dollars savings in US Treasuries, giving the US government a vast pool of credit from which to draw. Because of this oil price has to remain high to back the USD. Of course to do this oil has to be made to appear scarce. If oil prices drop the USD value drops, putting the U.S. in a perilous predicament. If oil prices drop to low this would be the nudge that would have the U.S. economy truly falling over the cliff and the end of our current system. Not that the whole fiat currency system won’t collapse in the near future anyway.

We have to ask ourself was the BP oil blowout caused purposely to maintain low drilling output which in turn would keep oil prices high? There are stories out there pointing to deep horizon being torpedoed. Personally I wouldn’t doubt anything the evil SOB’s do to keep themself in power and wealth.

vtfree2

Good source of information: Black Gold Stranglehold, the myth of scarcity and the politics of oil

PS: I want to know how the dinos and plants got 5-10 miles below the surface and how some of the earliest dinosaur’s died in tar (oil) pits.

Cyprus – Again

This mess is going to spread, when the banks and corporations come to the conclution they can steal the private sectors savings for their own benifit expect more “Let the bankster looting begin”………

I have to wonder if they realize the private sectors income has to grow to service the public sector. The governments need tax dollars to keep the public employees in a job. Me thinks this whole central banking thing aint working.

 

 

The Horror on Cyprus – Where Will it Go

bernanketrillion

Let’s get something straight; what’s going on in Cyprus is theft pure and simple. If anybody hacked into your checking/savings account and electronically removed your funds it would be a crime. The banksters can call it what they may, haircut or any other feel good name but, it’s still a convictable criminal act. This felonious act is no more than transfer of wealth from the working class to the rich elite. Even though this wealth is debt based it still has some purchasing power, no matter how minute that may be.

There are reports of Cypriots taking out loans for autos, education, homes etc. putting the funds in the bank for safe keeping but, now they can’t get to it and when they do it could be 10% shy. Yet they still have to pay back the full amount with interest. WTF! Now we are well aware that the banks may not be a safe place to keep your wealth and what about gold, silver or gems people may have in their “safe” deposit boxes? Will that be gone?

 

Not to unsimilar events took place here in the land of the free and the brave. We called it “bailouts”. The 534 dictators in DC allowed their overlord, the central reserve banking system, to steal our tax dollars amassed from our potential labor to pay off the unscrupulous debt of rotted international corporations.

What happened to those villainous criminals? Nothing, they got away with it and no one did any prison time or for that matter even a slap on the wrist. Granted, there may have been some protesting in the streets and a couple of counterfeit hearings which accomplished basically nothing. Did anybody get any of their fed notes back? The fat cats sat up in their high-rise offices looking down on the middleclass and poor laughing all the while saying “look at those dense, dimwitted citizens down there expecting their childish behavior to stop us”.  They are well aware we are nothing more than slogging debt slaves to their swindling Ponzi banking scheme.

move-your-money

The sad truth is the fed prints up pieces of paper with green ink imbedded on it, and then tell us it has value which it does not. Then make laws that make it illegal if you don’t accept it in commerce. How can a private banking cartel become king over us? Why do we not have a lawful currency of exchange? Why can’t consenting free men and women use a self-made form of exchange? (Liberty Dollar)

Why don’t Nations tell the banksters to take a flying leap over a cliff? Iceland did and now they’re doing better than they have in a long time. They grew some balls and saved themselves from economic doom. Apparently they have gotten more than a haircut in Cyprus, they’ve been castrated.

Now that the central banksters have ruined the world economy with worthless paper and war what’s next in their little bag of tricks.  I anticipate this is a test run for the ultimate heist on the rest of the EU and US.  That be the hijacking of every freedom, liberty and pursuit of happiness we have with cruel and unusual punishment of martial law with a little fascism mixed in.

vtfree2

Is this our “punishment” for using a fiat currency central banking system? Printing pieces of green pictured paper out of the thin air, telling all of us its worth something. Then you have to ask, how did a small state get into such a massive debt? All bank bought politicians and their friends, no matter where are honest aren’t they!!!!!?!!!!! Trust me I’m the BANK, We gave you that paper and now we’ll take it back.    OH, I long for a billion dollar federal reserve note.

What would you do if the fed wanted to take your savings/checking funds electronically out of your account? Right now you already pay over 50% of your income in taxes already (one way or another).

Cyprus Confiscates Bank Account Money in Guise of Tax.   Is USA next?

Posted at: http://www.veteranstoday.com/

by Johnny Punish

As you may have heard by now, Cyprus just decided to tax bank accounts. Right now, there are riots in the streets. People are freaking out. The government has closed the banks until Wednesday; a bank “holiday” and the Euro zone is about to catch fire. Is the USA next?

Look, this is nutzo!

YouTube – Veterans Today –

YouTube – Veterans Today –

When I started to read about the special tax Cyprus was planning to impose on bank deposits as a condition for a European Union bailout of its financial system, I went straight to a dictionary:

“Tax: A fee levied by a government on income, a product or an activity….The purpose of taxation is to finance government expenditure.”

In this situation, depositors aren’t being asked to cough up additional money to meet a tax liability. To the contrary, a portion of Cypriot deposits will be confiscated — electronically, no less — by the government because that’s what euro zone finance ministers, the European Central Bank and International Monetary Fund demanded as a precondition for a 10 billion euro bailout.

The alternative? Allow Cyprus’ two biggest banks to collapse, which could cause an implosion of the entire financial chaos and a swift exit from the euro zone.

The proposed plan, which must be approved by the Cyprus Parliament, would impose a tax of 6.75 percent on deposits of less than 100,000 euros and 9.9 percent above that level.

This amounts to a seizure of private property. No wonder the Cypriots are outraged. Euro-zone depositors are supposed to be insured for up to 100,000 euros. Message: Deposit insurance isn’t worth the paper it’s printed on.

And that’s just one reason this not-really-a-tax sets a bad precedent. The decision to seize private property means that all assets in the euro zone are at risk, subject to the whims of politicians as they try to prevent their dream of a united Europe from shattering.

  1. What does this all mean?
  2. Will the USA ever follow this new paradigm business model?
  3. When did the banks stop serving its depositors?
  4. Should we all move to gold and run from these banksters?

So many questions….

YouTube – Veterans Today –


ABOUT THE AUTHOR: Johnny Punish is a