Posts Tagged ‘Federal Reserve

11
Nov
12

The GOP should help crash America

Those Who Fell To Communism

Photo by by rhapsouldize of DeviantArt

Before the 2012 primary election I argued that the last chance for America is to elect Ron Paul as President of the United States. The main charge against the GOP was that all the contenders – save Ron Paul – were big-government politicians and big-government was exactly what was ruining America. Before you go and get excited please understand that I’m not singling out Democrats here as big-government folks as many people like to try to pin the tail. Fiscally the Democrats want to spend money they don’t have on “social programs” and the Republicans want to spend money they don’t have on wars and nation building. Regulation wise the Democrats want to legislate the market and the Republicans want to legislate morality. They both support progressive taxation, passing laws without reading them, pseudo-safety, spying on citizens, groping citizens as they travel, and controlling their right to protect themselves. They both support fiat currency, the Federal Reserve, Quantitive Easing, fractional-reserve-lending, not auditing the Federal Reserve, bailouts, and fake stimulus checks. And best yet they all are in favor of ceding our sovereignty to the United Nations, Germany, Mexico, NAFTA, the IMF, or whoever asks for it.

I’ve heard a great divide lately after the 2012 Presidential election from all sides. I’ve heard many say that they feel that a second American Civil War is on the horizon. Others simply are realizing that as 47% of Americans don’t even pay incomes taxes on the large, that we are at the crucial turning point where half of Americans are simply voting to maintain eating out of the fiscal trough and they will vote for whoever promises them the most feed – in this case Obama promised the most.

I said before the election that if Ron Paul didn’t get elected President that it was all downhill – that America will fall. I followed that up in my conversations with friends that the faster America falls, the better. Now, I’m not saying that I want America to be overthrown, I simply want her to fall as quickly as possible so that when she does fall there will still be enough people who are able-bodied and who still value Freedom and Individualism to pick up the pieces and rebuild the greatest nation on Earth.

Apparently I’m not the only one. Arnold Ahlert said it best,

As a result, I have a suggestion for the Republicans, one they won’t hear from anyone else: give Barry and Company everything they want, without an iota of resistance. Let ’em raise taxes and the debt ceiling, gut the military, and run up trillions of dollars of additional deficits and debt. Then stand back, and let an utterly corrupt media chronicle the demise — without being able to pin an ounce of the ensuing socialist catastrophe on an ‘obstructionist’ GOP. (link)

I’ve heard more people say that they feel that they should just quit their job and start collecting welfare and food-stamps. I think many of us know people who are indefinitely on these social programs, many of who abuse those programs and it quite frustrating to watch them live the good life while we struggle to do the right things in life – pay for our mortgages, buy groceries for our fridge, and cut our debt down. I personally know of multiple people who own homes on my tax dollar and eat like kings who don’t have jobs and haven’t in some time. There comes a breaking point where we look around and wonder why we are the only one working and struggling while others are living off our sweat in luxury… and then we say fuck it and join in.

Why fight it? Let’s just crash this bitch.

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25
Apr
11

Why 2012 Will Be Better for Ron Paul

Original here.

It’s just obvious that in the last four years, since the last time Ron Paul ran for President, the ideological center of gravity in the GOP — and the whole country for that matter — has shifted a lot closer to Ron Paul’s position.

In 2008, Paul ran a cult campaign as a libertarian, anti-Fed, anti-war Republican.

At the time, nobody in the GOP really cared about the Fed, and for the most part, Bush’s wars enjoyed broad support.

Today they’re Obama’s wars, and the Fed is one of the most disliked institutions around, taking daily abuse even from mainstream outlets like CNBC.

It’s inconceivable to think that in the GOP primary, candidates won’t be asked for their position on Bernanke, quantitative easing, the role of the dollar, and of all the candidates, only Ron Paul has made a career on all these issues. In fact, after decades fighting his fight, he must be somewhat shocked that in just the last few years, his ideology has become so popular (or maybe he’s shocked that it took so long).

In 2008, the GOP primary was dominated by Serious candidates like Mitt Romney and John McCain and Fred Thompson and even Rudy Giuliani. They were content to basically ignore what Ron Paul had to say. This time, they’ll be fighting on his turf.

22
Jun
09

IG Stupidity

11
Jun
09

Ron Paul words on HR1207

Here is the speech given on the House floor by Congressman Ron Paul when he was introducting HR1207.

—-

HON. RON PAUL
OF TEXAS
IN THE HOUSE OF REPRESENTATIVES
THURSDAY, FEBRUARY 26, 2009

* Mr. PAUL. Madam Speaker, I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.

* Serious discussion of proposals to oversee the Federal Reserve is long overdue. I have been a longtime proponent of more effective oversight and auditing of the Fed, but I was far from the first Congressman to advocate these types of proposals. Esteemed former members of the Banking Committee such as Chairmen Wright Patman and Henry B. Gonzales were outspoken critics of the Fed and its lack of transparency.

* Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed’s susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.

* The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight? Particularly when hundreds of billions of dollars of currency swaps have been announced and implemented, the Fed’s negotiations with the European Central Bank, the Bank of International Settlements, and other institutions should face increased scrutiny, most especially because of their significant effect on foreign policy. If the State Department were able to do this, it would be characterized as a rogue agency and brought to heel, and if a private individual did this he might face prosecution under the Logan Act, yet the Fed avoids both fates.

* More importantly, the Fed’s funding facilities and its agreements with the Treasury should be reviewed. The Treasury’s supplementary financing accounts that fund Fed facilities allow the Treasury to funnel money to Wall Street without GAO or Congressional oversight. Additional funding facilities, such as the Primary Dealer Credit Facility and the Term Securities Lending Facility, allow the Fed to keep financial asset prices artificially inflated and subsidize poorly performing financial firms.

The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny. We hear officials constantly lauding the benefits of transparency and especially bemoaning the opacity of the Fed, its monetary policy, and its funding facilities. By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve. I urge my colleagues to support this bill.

15
Apr
09

What Income Taxes Really Are

There IS an Income Tax . . .

HOWEVER

“Everything” you earn
IS NOT
“Taxable Income”

Did YOU earn your money by:

WORKING FOR…

DOING BUSINESS WITH…

INVESTING IN…

THE FEDERAL GOVERNMENT ?

If not, then those earnings
ARE NOT “taxable income”

WWW.LOSTHORIZONS.COM

TITLE 26 > Subtitle A > CHAPTER 1 > Subchapter B > PART I > § 63. Taxable income defined

(a) In general: Except as provided in subsection (b), for purposes of this subtitle, the term “taxable income” means gross income minus the deductions allowed by this chapter (other than the standard deduction).

That’s not very helpful, what exactly IS “income” since THAT is what you are taxing…

US Supreme Court, US v. Ballard, 535 f2d 400, 404 (1976) “The general term ‘income’ is not defined in the Internal Revenue Code”

What does the Dictionary say “income” is?

in·come: The monetary payment received for goods or services, or from other sources, such as rents or investments.

OK, “income” is all that I earn from my work and investments…just what I thought…

US Supreme Court, Southern Pacific v. Lowe 247 U.S. 330 (1918): “We must reject the broad contention submitted in behalf of the government that all receipts, everything that comes in, are income…”

WHAT !?…….”income” is NOT “all” money that I receive !? What does the Constitution say about a DIRECT TAX upon my earnings?

US Constitution, Article 1 Section 9: “No capitation, or other direct, Tax shall be laid, unless in proportion to the Census or Enumeration herein before directed to be taken”

In response to the above Constitutional reference, your accountant or the IRS will probably refer to the 16th Amendment, commonly known as the “Income tax”. To which the Supreme Court would reply…

US Supreme Court, Stanton v. Baltic Mining Co. 240 U.S. 103 (1916): The provisions of the Sixteenth Amendment conferred no new power of taxation…

Additionally… Howard M. Zaritsky, Legislative Attorney, American Law Division of the Library of Congress Report No. 80-19A,“Some Constitutional Questions Regarding The Federal Income Tax Laws”:

Page CRS-5 (1979): “The Supreme Court, in a decision written by Chief Justice White [the Brushaber ruling], first noted that the Sixteenth Amendment did not authorize any new type of tax, nor did it repeal or revoke the tax clauses of Article I of the Constitution, quoted above. Direct taxes were, notwithstanding the advent of the Sixteenth Amendment, still subject to the rule of apportionment and indirect taxes were still subject to the rule of uniformity.”F. Morse Hubbard, Treasury Department Legislative draftsman. March, 27 1943 Page 2580.

The income tax is, therefore, is not a tax on income as such. It is an excise tax with respect to certain activities and privileges which is measured by reference to the income they produce. The income is not the subject of the tax: it is the basis for determining the amount of the tax.

The “PRIVILEGE” you must participate in to earn “taxable income” is working for, doing business with, or investing in businesses majority-owned by the Federal Government or “Federal Instrumentalities”. If you make your money having nothing to do with the Federal Government, then your earnings are not “taxable income”.

WWW.LOSTHORIZONS.COM

(original)

06
Mar
09

No Transparency

I hope you all are getting tired of this absolute horse crap. They are not only going to give tax dollars away, but they are going to give it away and not tell us who they are going to give money to or how much.

This is a perfect place in my opinion to stab the big snake in the eye. Obama talked a decent amount about having a transparent government. Then, not even a few months into his presidency he is (a) signing bills that were written overnight (b) signing bills that are filled with pork (c) signing bills that he doesn’t read (d) signing bills that the Americans don’t have a chance to read and lastly (e) having government take whatever they want to give to whoever they want… and nobdy can know about it. Horse shit.

Even (here) on 5 March 2009 Obama sends out a Memo to all departments stating:

Government should be transparent.  Transparency promotes accountability and provides information for citizens about what their Government is doing.  Information maintained by the Federal Government is a national asset. My Administration will take appropriate action, consistent with law and policy, to disclose information rapidly in forms that the public can readily find and use. Executive departments and agencies should harness new technologies to put information about their operations and decisions online and readily available to the public. Executive departments and agencies should also solicit public feedback to identify information of greatest use to the public.

“My Administration will take appropriate action, consistent with law and policy, to disclose information rapidly in forms that the public can readily find and use.” How is not even letting our Representatives see where this money is going supposed to be transparent?

I remember back with Halliburton, people were all pissed off because they thought that special contracts were being given out to Bush&Co people. True or not, at least we knew how much was being given and to whom! Here, we are just giving money away to… who knows!

This is ridiculous and I want to puke. I hope you all write your Representative to support H.R.1207 (which would make the Federal Reserve accountable/audited).

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26
Jan
09

Only Ron Paul

As I am looking around the internet to find where I can buy silver and/or gold I find this little nugget of joy. Of course, it is over a year old, but even these people who KNOW money know that Ron Paul is the only one that understands what is wrong with America’s money. I thought it was a superb example of why Ron Paul would have been the best candidate for this past election, especially with all of the economic problems.

People, it is far past time to call for the end of the Federal Reserve.

Original here.

—-

Bill Haynes
December 13, 2007
The country – nay the world – is mired in the subprime toxic waste meltdown, with lenders writing off billions of dollars in losses. So serious is the problem that the Fed has begun lowering interest rates to ward off recession and President Bush has attempted intervention in private contracts to freeze interest rates for some home mortgage borrowers.

Few remember that it was the Fed’s intervention that caused the subprime problem in the first place. Under Alan Greenspan’s tutelage, interest rates were driven to the decades’ low rates that ushered in the housing boom that is now the housing bust.

Luckily, we have one presidential candidate who grasps the causes of the problem: Ron Paul, the Republican congressman from Texas. If any of the other candidates understood the subprime problem, perhaps we would have a chance seeing the problem resolved properly. (Properly? The borrowers and the lenders should suffer the losses, not the taxpayers.) Ron Paul’s February 15, 2006 Statement before the House of Representatives exhibits his understanding of money.

Continue reading ‘Only Ron Paul’




Quotes:

"We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it." - Patrick Henry

"Politicians and diapers both need to be changed, and for the same reason." - Anonymous

"Right is right, even if everyone is against it, and wrong is wrong, even if everyone is for it." - William Penn

"Naturally the common people don't want war; neither in Russia, nor in England, nor in America, nor in Germany. That is understood. But after all, it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country" - Hermann Goering

"I know that nothing good lives in me, that is, in my sinful nature. For I have the desire to do what is good, but I cannot carry it out. For what I do is not the good I want to do; no, the evil I do not want to do this I keep on doing." - Romans 7:18-19

"Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." - Mark Twain

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