November 24th, 2012

Mike Adams: Economic IQ Test


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Mike Adams _ Natural News

Mike Adams _ Natural News

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Economic IQ test: If the national debt doesn’t matter, then why are we still paying federal income taxes?

by Mike Adams

*Read entire article, with embedded links, here:

http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html

(NaturalNews) The U.S. federal government is over $16.2 trillion in debt. But that doesn’t really matter, we’re told, because the Federal Reserve — a private banking monopoly — can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called “QE unlimited,” meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

At the same time all this is going on, the government insists it needs to confiscate an ever-expanding portion of your income in order to increase “government revenue.” Current federal tax “revenues” (which is a warped word to use for taxes in the first place) are at roughly $2.4 trillion a year.

But hold on just a second… and here’s the IQ test, are you ready?

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html#ixzz2D8DuMH5j

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(NaturalNews) The U.S. federal government is over $16.2 trillion in debt. But that doesn’t really matter, we’re told, because the Federal Reserve — a private banking monopoly — can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called “QE unlimited,” meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

At the same time all this is going on, the government insists it needs to confiscate an ever-expanding portion of your income in order to increase “government revenue.” Current federal tax “revenues” (which is a warped word to use for taxes in the first place) are at roughly $2.4 trillion a year.

But hold on just a second… and here’s the IQ test, are you ready?

If the Federal Reserve can just create trillions of dollars a year in new money and hand it over to the federal government, then why are tax revenues needed at all?

Answer: They aren’t.

If debt doesn’t matter, then taxes aren’t needed at all

Under the current system of unlimited spending, unlimited money creation and unlimited debt that “doesn’t matter” according to the bureaucrats in Washington, there is absolutely no reason why any so-called “revenue” needs to be collected from the working class population whatsoever. “Revenue” only matters if debt matters, and we’ve been told by everybody in Washington (except Ron Paul) that debt doesn’t matter.

Logically, then, we need no income tax at all. The President could simply announce the elimination of all federal taxes and the closure of the IRS, then have the Fed print up the money it needs. No more income taxes… ever! Imagine the savings in paperwork reduction alone…

This instant creation of money by the feds is not only possible, it has already been done. Remember the “too big to fail” bankster bailouts that began in 2008? Bailout totals have exceeded $2 trillion. Do you know where that money came from? The Fed created it out of thin air. They can do this any time they wish, of course. It takes about sixty seconds and a single computer entry at the Fed, matched by an inverse entry at the U.S. Treasury. In mere seconds, whammo! Another couple of trillion dollars (and debt) is magically created.

Please enjoy reading the entire article here:

http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html

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(NaturalNews) The U.S. federal government is over $16.2 trillion in debt. But that doesn’t really matter, we’re told, because the Federal Reserve — a private banking monopoly — can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called “QE unlimited,” meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

At the same time all this is going on, the government insists it needs to confiscate an ever-expanding portion of your income in order to increase “government revenue.” Current federal tax “revenues” (which is a warped word to use for taxes in the first place) are at roughly $2.4 trillion a year.

But hold on just a second… and here’s the IQ test, are you ready?

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html#ixzz2D8DuMH5j

(NaturalNews) The U.S. federal government is over $16.2 trillion in debt. But that doesn’t really matter, we’re told, because the Federal Reserve — a private banking monopoly — can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called “QE unlimited,” meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

At the same time all this is going on, the government insists it needs to confiscate an ever-expanding portion of your income in order to increase “government revenue.” Current federal tax “revenues” (which is a warped word to use for taxes in the first place) are at roughly $2.4 trillion a year.

But hold on just a second… and here’s the IQ test, are you ready?

If the Federal Reserve can just create trillions of dollars a year in new money and hand it over to the federal government, then why are tax revenues needed at all?

Answer: They aren’t.

If debt doesn’t matter, then taxes aren’t needed at all

Under the current system of unlimited spending, unlimited money creation and unlimited debt that “doesn’t matter” according to the bureaucrats in Washington, there is absolutely no reason why any so-called “revenue” needs to be collected from the working class population whatsoever. “Revenue” only matters if debt matters, and we’ve been told by everybody in Washington (except Ron Paul) that debt doesn’t matter.

Logically, then, we need no income tax at all. The President could simply announce the elimination of all federal taxes and the closure of the IRS, then have the Fed print up the money it needs. No more income taxes… ever! Imagine the savings in paperwork reduction alone…

This instant creation of money by the feds is not only possible, it has already been done. Remember the “too big to fail” bankster bailouts that began in 2008? Bailout totals have exceeded $2 trillion. Do you know where that money came from? The Fed created it out of thin air. They can do this any time they wish, of course. It takes about sixty seconds and a single computer entry at the Fed, matched by an inverse entry at the U.S. Treasury. In mere seconds, whammo! Another couple of trillion dollars (and debt) is magically created.

The real purpose of the income tax? To oppress the economic mobility of the little people

If the income tax is not mathematically needed to provide revenue to the federal government, what is its real purpose?

As anyone who has deeply studied the social impact of the tax code well knows, the true purpose of the tax code is social engineering. And more specifically, to oppress wage earners and small business owners for the purpose of making sure they can never save enough money to stop working.

The United States of America is, after all, a “tax farm,” meaning the productivity of the working people is harvested by the government to be used for whatever nefarious schemes the corrupt bureaucrats have in mind: Endless wars, creating economic dependence through welfare, giving money to their crony insider crooks, and so on.

Besides, the last thing the elitists want is competition from upwardly mobile citizens who mistakenly think they can rise above their economic class and compete with the global elite. “The power to tax is the power to destroy,” Daniel Webster famously said in an 1819 U.S. Supreme Court case. Chief Justice Marshall agreed: “That the power to tax involves the power to destroy… [is] not to be denied.”

And that’s the point of the income tax: To destroy the ambitions of the working class and keep them enslaved in a system of economic servitude that is mathematically designed to ensure permanent subjugation to the system.

It has absolutely nothing whatsoever to do with creating “revenue” or raising money to build roads and schools. That is a total delusion played off by both Republicans and Democrats to prevent people from realizing the far more powerful truth that federal income taxes aren’t necessary at all.

So the next time you hear someone say we need to pay more taxes to “raise revenue” for the federal government, you can confidently laugh in their face at the absurdity of the statement. The federal government can create all the revenue it wishes through an instant computer entry. The point of the income tax is to make sure you never escape the Matrix of economic enslavement.

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html#ixzz2D8Da927t

Economic IQ test: If the national debt doesn’t matter, then why are we still paying federal income taxes?

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html#ixzz2D8CId7w5

Economic IQ test: If the national debt doesn’t matter, then why are we still paying federal income taxes?

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_social_engineering.html#ixzz2D8CId7w5




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3 Responses to “Mike Adams: Economic IQ Test”

  1. 1
    Pilgrms Pride Says:

    Something to keep in mind. Neither you nor I signed any promissory note to authorize government debt.

    Certainly not one of us was ever actually consulted.

    This is not “our” debt. This debt is “theirs”. Let Saxby Chambliss, the estates of Specter and Kennedy, and all Our Royal Masters deal with the banksters.

    It is not our problem – it is their’s.

    We the People renounce this debt and those that contracted for it without our consent.

  2. 2
    Chris Says:

    REPEAL EARNED INCOME TAX CREDIT AND INCREASE REVENUE BY $240 BILLION IN 4 YEARS…
    Create more revenue by easily removing the earned income tax credit. It is the costliest and largest redistribution of wealth program ever created. Last year alone, over 26.8 million received almost $59.5 billion in EITC for 2011 tax year returns. Most people who get these refunds never pay into the system at all. And clearly are not owed this refund BECAUSE THEY CHOSE to have children. And every year they increase the tiers, meaning the more babies the higher the refund to these IRRESPONSIBLE people who absolutely believe this money is OWED to them, One is a close friend of mine who between him and his wife make approx 50,000yr and have 2 children. They get refunds of almost $6,000 every year. With out ever paying in even close to that each year. One night sitting with a few friends one complained about paying for people to take care of their children with his tax money. My other friend responds quickly and very angry with “the money I get back from the IRS is not your money, its mine which I earned and owed to me because I have 2 kids. NOT HAVING A CLUE THAT THAT MONEY COMES FROM EVERYONE ELSE WHO PAYS TAXES,
    REPEAL EARNED INCOME TAX CREDIT AND INCREASE REVENUE BY MORE THAN $240 BILLION IN 4 YEARS…

  3. 3
    Austrian Economics is Color Blind Says:

    I can’t tell whether Mike Adams actually believes that if the Fed printed money and handed it to the government then that would count as revenue, or if he’s saying that since the government thinks that paper is money, then government should just print to its heart’s content while everybody else uses something else as money.

    But to be on the safe side, let me say that paper money creation, whether done by a private cartel or through the Treasury, will lead to booms and busts and cronyism JUST LIKE as happens with the quasi private Fed.

    Everything the Fed is doing now as a private cartel could and would be done by a Treasury-controlled monetary system. The problem is NOT that the Fed is private or a cartel, but that it has a government-protected monopoly over the type and amount of money.

    Please take a look at these links and if someone disagrees with me, then lets talk about this:

    Not All ‘End the Fed’ People Quite Get It
    http://www.tomwoods.com/blog/not-all-end-the-fed-people-quite-get-it/

    Neoconservative David Frum Hearts the Fed
    http://www.youtube.com/watch?v=1d1rcaX-lzU

    No, Rick Santorum, We Don’t Need a Little Inflation
    http://www.youtube.com/watch?v=J6a10UuQFOM

    Government Money Masters: Anti-Gold Videos that Thousands of Tea Party Voters Think Are Conservative
    http://www.garynorth.com/public/8574.cfm

    Ellen Brown’s Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error.
    http://www.garynorth.com/public/department141.cfm

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