Wednesday, July 18, 2007

Your Federal Income Taxes Pay For Nothing


This may be well-known to some people, but most of the American public is completely unaware. In 1913, Congress established the Federal Reserve, a cartel made up of private banks (that is, the Federal Reserve is not a government agency). When Congress needs money to spend and it doesn't have it, the Federal Reserve prints it and loans it to them.

read more | digg story

6 Comments:

Blogger CADdesignr said...

In the linked article, it states that we pay Income taxes to pay the INTEREST on the "national debt", which is forever being increased by Congress borrowing from the "Federal" Reserve. Unfortunately, that doesn't tell the WHOLE story. IF, this myth is truely a "myth", according to this:
http://www.geocities.com/CapitolHill/Senate/3616/flaherty7.html
then the United States Government is NOT telling us the truth. According to this article(myths debunked), the Treasury has an "agreement" with the Federal Reserve, whereby the Federal Reserve...REBATES this so called "interest" back to the government. And if this is true, then there is NO "real" interest. Only a lie. The lieing sack of shit government KEEPS this interest, which ultimately means...the INCOME TAX is ALSO a fraud, just like the government, and everyone who works for the government to perpetuate this fraud, is committing a crime. PERIOD. So how do we HOLD THEM ACCOUNTABLE and initiate criminal indigtments against those responsible? That is the question.

5:51 PM  
Blogger Scott C. Haley said...

Actually, the interest is kept by central banks in this and other countries, and by others who "buy" T-Bills---in other words, others who loan the Govt money.

Your comment is not far off the mark, though, because about 50% of our debt is held by the Govt itself. This occurs when, for example, one Govt bureaucracy (such as SS) loans money to another Govt bureaucracy, let's say the Dept. of Agriculture. The whole internal lending scheme is beyond insane, because the one department most likely will never be able to pay back the other department. Plus, money held in Trust should never be loaned out to such a risky borrower.

It is true that zero amount of INDIVIDUAL Income Tax goes for Govt services. Those services are paid for by corp. taxes, a gazillion excise taxes, tariffs, imposts, duties, SS taxes, Medicare taxes, a few miscellaneous taxes, and MORE BORROWED MONEY.

Sincerely,
Scott

http://individualsovereignty.blogspot.com/

9:58 PM  
Blogger The Freedom Fellowship said...

thanks for the feedback caddesignr and scott!

11:06 PM  
Blogger CADdesignr said...

"The whole internal lending scheme is beyond insane"
Thank you Mr. Haley for your brilliant analysis of the scheme of the have no power vs the have all the power. Regardless of my humble analysis of what I percieve of current human conditions, at least in the USA, there still is a responsibility to humanity for those that think. PERIOD. If you possess that ability, then you have no choice but to use it correctly. I have been chastised by my sister for clanging cymbals and blowing horns, with not a clue to what little it does for those in the grip of cesspool cockroaches such as the IRS. I am certain, hellbent contempt for all these less than human anthropods will only serve my own disgust with unquentiable delight in seeing them virtually hung on Hanans Gallows. However, I would be satisfied to see them serve a lifetime in prison, in the same cell that those whom they have imprisoned for "crimes" have served, with NO LAW with which they were convicted.

2:48 AM  
Blogger KOSMIC said...

qwest corp has 40000 employees in 14 states. on average minimum they all pay 1000 per month to feds and 500 per month for states with income tax.

Do the Math?

Thats 720 million per year from one company.

Last year qwest paid ZERO INCOME tax.

Now you know why large corps are in bed with the government and why they insist you must withhold, you must pay because you have taxable wages - taxable income - pay YOUR fair share so they don't have to.

DO THE MATH? WHat THe BLeap.

www.bleap.blogspot.com

10:12 PM  
Blogger KOSMIC said...

your INCOME taxes pay for war, killing, drugs, socialism, political favors and much much more.

http://www.opensecrets.org/index.asp

10:16 PM  

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