Do I hear any dissenters?
If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). The element that makes the bond good makes a bill good also. The difference between the bond and the bill is that the bond lets money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly in some useful way.
It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people."
Do I hear any dissenters?
For those of you who have been reading along ..Go get a life!
For all the rest; and I mean you mom:
A FED-like banking system has destroyed other governments. In five years the only thing taxes will pay is the interest on the debt. Clearly, the FED must be abolished before we're demolished! Already laws are set up to have a dictatorship when we have the economic crisis (Federal Emergency Management Act, or FEMA).
Under the FED system, when a new dollar is issued, we pay taxes to pay for the dollar as the principal (debt) plus interest on the dollar. We pay for each new dollar twice, and who gets most of the money? The bankers, who control this money. Taxpayers should only pay taxes for the paper, ink, and printing costs of new money. Why should we give bankers the right to print money on a printing press, charge them no interest on this money, and then let them exchange their "free" money for a government bond that pays them interest?
England never gave up on owning the United States. They are still silently fighting the same Revolutionary War. The Bank of England, through the Rothschilds, owns and controls the FED.
We have been robbed of our wealth, and in five years we will be bankrupt if there is no change. The FED bankers will LEGALLY OWN OUR NATION; just as Thomas Jefferson predicted.
Far too shocking to contemplate? Come back in five years, and tell me I was right!
Richard writes, "YOURE MAKING STUFF UP!!!
THE GOVERNMENT DOESNT PAY FOR MONEY FROM THE FEDERAL RESERVE.. PARADOS SAID SO!!!"
Yeah, you got me!
The Federal Reserve today unveiled far-reaching plans to increase its transparency, adopting many of the features of an inflation targeting regime without actually stating a formal inflation target.
Fed chairman Ben Bernanke said the US central bank would start publishing more frequent, more detailed and longer-range economic forecasts, including for the first time forecasts for "headline" inflation including food and energy.
The forecasts, which will be published quarterly and span a three year period, will continue to be made by Fed policymakers individually. However, the "central tendency" of the inflation forecasts for the third year will constitute a de facto medium term inflation target.
Mr Bernanke said the forecasts would "provide a more timely insight into the committee's outlook," help households and businesses "better understand and anticipate how our policy decisions respond to incoming information" and "enhance our accountability."
Michael Feroli, an economist at JPMorgan Chase, said the changes "amount to a regime of inflation targeting-lite".
Some members of Congress, including Barney Frank, the Democratic chairman of the House financial services committee, had expressed their opposition to the Fed adopting a formal Bank of England-style inflation target. However, there were no signs of political hostility to Thursday's announcement. Charles Schumer, chairman of the joint economic committee, said "Chairman Bernanke should be commended." A spokesman for Mr Frank said the Congressman was "in favor of more openness".
Top officials hope that publishing projections for inflation including food and energy will make it clear that the Fed targets overall inflation, and emphasises core inflation only as a predictor of future headline inflation.
The first set of new forecasts, which will be released next week, will offer valuable insight into how the Fed views the current risks to the US economy.
I can't wait!
I remember some years ago when somebody calculated what it would take to fund our governments; it was estimated at (about) 15 percent of all income. No more 300,000 pages of the tax codes, and everybody pays the same percentage no matter what income level. It's too simple and easy for our government to even consider it.
What is municipal law, and are the IRC's income tax provisions municipal law, or not?
The IRC's income tax provisions are municipal law. Municipal law is law that is enacted to govern the internal affairs of a sovereign State; in legal circles, it is also known as Private International Law. Under American Law, it has a much wider meaning than the ordinances enacted by the governing body of a municipality, i.e. city council or county board of supervisors. In fact, American legal encyclopaedias define "municipal" to mean "internal", and for this reason alone, the Internal Revenue Code is really a Municipal Revenue Code.
A mountain of additional evidence has now been assembled to prove that the IRC's income tax provisions are municipal law.
One of the most famous pieces of evidence is a letter from a Connecticut Congresswoman, summarizing the advice of legal experts employed by the Congressional Research Service and the Legislative Counsel. Their advice confirmed that the meaning of "State" at IRC section 3121(e) is restricted to the named territories and possessions of D.C., Guam, Virgin Islands, American Samoa, and Puerto Rico.
In other words, the term "State" in that statute, and in all similar federal statutes, includes ONLY the places expressly named, and no more.
So 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.
Strictly speaking, the omission or exclusion of anyone or any thing from a federal statute can be used to infer that the omission or exclusion was intentional by Congress. In Latin, this is tersely stated as follows: Inclusio unius est exclusio alterius. In English, this phrase is literally translated: Inclusion of one thing is the exclusion of all other things [that are not mentioned]. This phrase can be found in any edition of Black's Law Dictionary; it is a maxim of statutory construction.
The many different definitions of the term "State" that are found in federal laws are intentionally written to appear as if they include the 50 States PLUS the other places mentioned. As the legal experts in Congress have now confirmed, this is NOT the correct way to interpret, or to construct, these statutes.
If a place is not mentioned, every American may correctly infer that the omission of that place from a federal statute was an intentional act of Congress. Whenever it wants to do so, Congress knows how to define the term "United States" to mean the 50 States of the Union. See IRC section 4612(a)(4)(A).
The Revolutionary War was fought and the Constitution was written to prevent other nations and private banks from issuing (printing) money and controlling our currency.
The Revolutionary War was fought and the Constitution was written to prevent other nations and private banks from issuing (printing) money and controlling our currency.