TAX ONLY THE RICH? UH-HUH

Remember the Obama scampaign? Right, how can we forget? One of the things Obama was so emphatic about was no tax increases for the middle class. Only the "rich" would see tax increases. Remember that one? Let me refer you to my post of October 21, 2008, WHAT TO EXPECT IF OBAMA IS ELECTED. Here is a quote from that post regarding paying for "free" nationalized government rationed healthcare:

"The commitments would start slow, so as not to cause immediate alarm. But as U.S. health-care spending flowed into the default government options, taxes would have to rise or services would be rationed, or both."

Well, here we are. I won't say I told you so. Deb, who writes My Take on Life, did a post today that alerted me to what's happening right now. Click HERE to read her post. It's excellent and she's exactly right. You should read her entry before continuing here. When you visit, leave her a comment. Her blog is a very good read on a variety of subjects.

What is being proposed in Washington right now is what is called "VAT". A definition of VAT, or Value Added Tax, can be found on VAT.COM. This tax is defined as, "an indirect tax on consumer expenses. VAT is charged and collected at each stage of the production process and not only on the final sale. VAT is normally borne by the consumer by the price paid for goods and services."

Did you get that? If the Obama administration pushes this through, and with a Democratic majority in Congress, there won't be any pushing to it, prices will rise on everything you buy. Everything. According to the WASHINGTON POST , the chairman of the Senate Budget Committee, KENT CONRAD, D-NPL-North Dakota said, "There is a growing awareness of the need for fundamental tax reform. I think a VAT and a high-end income tax have got to be on the table."

Proof positive in my opinion that Obama's economic policies have already deepened the economic hole America is in, and now Washington is looking for ways to pay for the Obama administration's "economic stimulus" plan.

In the middle of what Obama claimed many times over to be the worst economic crisis since the Great Depression, Washington is kicking around the idea of a VAT (which will increase the cost of goods and services) and increasing taxes on upper income families (increasing the cost of goods and services because this economic class of people own many of the businesses we patronize - a double whammy. Good plan!)

Even though the main focus is supposedly not to use a VAT to pay for the "free lunch" healthcare, it has to be factored into it. This one thing alone will cost trillions and trillions of dollars, and the cost to taxpayers will rise exponentially. It has to be paid for somehow. Other taxes being considered to try to fund the government's healthcare free ride are taxes on soft drinks and employer provide healthcare. Imagine that - even your health insurance being taxed - to pay for government health insurance.

So, what about the middle class's taxes not going up? As I said months ago, this wouldn't happen. I said last year right here that we would all end up being considered "rich", just like the Clinton years.

If these tax hikes are passed, watch for the economy to take a nosedive.

The way it works is actually quite simple:

TAX INCREASE = LESS CONSUMER SPENDING (people have less of their money to spend).

LESS CONSUMER SPENDING = BUSINESS SLOWDOWN.

BUSINESS SLOWDOWN = LOST JOBS. BUSINESS SLOWDOWN + LOST JOBS = ECONOMIC DOWNTURN.

Since Washington doesn't seem to get it, or more accurately, doesn't WANT to get it, next is a young gentleman who explains things very simply. And I mean VERY SIMPLY.





The time for action is right now. E-mail your Congressmen and Congresswomen TODAY before this thing gains momentum. Congress is where these massive tax increases can be stopped. If we threaten the jobs of those in Congress, it can be stopped before it gains support. Job insecurity seems to be the ONLY thing they REALLY understand.

"THE LAST EIGHT YEARS"???

Here is a video clip sent to me by Lisa, LIFE ON A BISON FARM. The title of her blog is a clickable link, so please be sure to visit and comment. She actually does live on a bison farm, and she has many photos of not only the bison, but the many other animals too. I'm sure you will enjoy it very much!

This video is about the warnings that were given as far back as 2002-3 about the coming economic crisis that we're experiencing now. This is exactly what I've been saying about the "voices in the wilderness" warnings of disaster. Of course, REPRESENTATIVE BARNEY FRANK, D-MA, and SENATOR CHARLES SHUMER, D-NY, both basically said there was no problem. Former President Bush recommended a major regulatory overhaul that would have increased oversight of Freddie Mac and Fannie Mae. And just WHO stopped it? THE DEMOCRATS. You can read the New York Times article for yourself by clicking HERE. As far as they were concerned, there was no problem. They, along with many other Washington politicians, including President Obama, were lining their pockets with kickbacks from Fannie Mae and Freddie Mac. Being a state employee myself, if I did anything like that, I would be UNDER the prison soooo fast. A government employee, elected or not, can NOT profit from other government agencies or companies that contract with the government. It's a crime for people like you and I, but it's alright (at YOURS AND MINE expense) for the corrupt Washington system.





After reading Mr. Labaton's article in the New York Times, and hearing it on the video, I really don't want to hear any more accusations from the left about this crisis originating during "the last eight years." President Bush and Senator John McCain tried to get the Democrats to listen, but as we can see, they refused. They definitely have forgotten who they really work for. Now, we're paying the price for "the last six years" of crooked politicians in Congress.

By the way, I haven't been able to verify this one way or the other, but the e-mail had a note that said the American media didn't want anyone to see this video clip, and had Time Warner threaten to sue YouTube if it wasn't removed. The video link was rerouted through Canada and was apparently posted by PROUD TO BE CANADIAN. This wouldn't be surprising at all if true.

THE REAL SOURCE OF OUR ECONOMIC PROBLEMS

Tom, who writes TOM'S JOURNAL, sent me this article a few days ago. Be sure and visit Tom. His journal covers a variety of topics including happenings in his own life, politics, and a lot of information for veterans. If you're a veteran dealing with the VA, definitely get in touch with him. He has a lot of good information from his own research and personal experiences. I think he can help you avoid some pitfalls.



Some of the information in this article isn't new to me. I had read some of this years ago, such as the Federal Reserve is tied directly to the Bank of London. As we have heard recently, the Federal Reserve is NOT a government agency. It's a private central bank. As you will read below, the paper money you have in your wallet is not really money. If you look at the top of it, it says "FEDERAL RESERVE NOTE." As you can see in the picture, older dollar bills had the inscription "SILVER CERTIFICATE". The Grant administration was the first to make silver non-legal tender in 1873. It was effectively reinstituted under Roosevelt's NEW DEAL. The Silver Certificate was worth 0.77 troy ounces. Silver was again no longer legal tender as of 1965. Now, look at the seal to the left of the photo, the black circular emblem says "FEDERAL RESERVE BANK OF . . . ", which shows the full name, not the abbreviated version of "Federal Reserve" you see most often.

This isn't really money, but a promissory note, basically an I.O.U.


Despite what the mainstream media and the Obama administration say is the cause, that is, the failed economic policies of (here comes that famous phrase again) "the last eight years", it goes much farther back. Much farther. Wonder why it's always so hard for government to tell the truth about anything?



President & Congress Grovel Before The FED

By Chuck Baldwin

The Covenant News ~ February 10, 2009

According to Bloomberg News (Monday, February 9, 2009), "The stimulus package the U.S. Congress is completing would raise the government's commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation's home mortgages.

"The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

"Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. RECIPIENTS' NAMES HAVE NOT BEEN DISCLOSED. [Emphasis added]

"'We've seen money go out the back door of this government unlike any time in the history of our country,' Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. 'Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose.

How much from the FDIC? How much from TARP? When? Why?'" Senator Dorgan is exactly right. No one oversees the Fed. The Fed is held accountable to absolutely nobody. But Senator Dorgan (as with everyone else in Congress) has no one to blame but himself. Ever since the Marxist, E. Mandell House, convinced President Woodrow Wilson to create the Federal Reserve in 1913, the Congress of the United States has had virtually nothing to do with the way our fiscal policies are managed. The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers) dictates America's financial policies.

The reality of just how our civil magistrates have come to grovel before the Fed was revealed in a column written recently by Cal Thomas. Mind you, Cal was not trying to castigate President Bush in his column. Just the opposite: his column was full of praise and adulation for the former President. In recounting his last interview with President George W. Bush, however, Cal unwittingly revealed the almost limitless power that the Fed wields over even the President of the United States.

Here is what Cal wrote: "Bush defends himself against a charge by a member of the Republican National Committee that he has behaved like a 'socialist' because of his massive bailout spending. He [Bush] says he still believes in less government spending, but when Henry Paulson, secretary of the U.S. Treasury, and Ben Bernanke, chairman of the Federal Reserve, tell him that if he doesn't act, the result will be worse that the Great Depression, 'you can sit there and say to yourself, "well, I'm going to stick to principle and hope for the best, or I'm going to take the actions necessary to prevent the worst."'"

In other words, when the Fed says, "Jump!" the President asks, "How high?" And, with the exception of Congressman Ron Paul of Texas (and maybe one or two others), the same is true for members of the House and Senate.

In other words, ladies and gentlemen, America is being run by a private banking cartel, the majority of whom are not even citizens of these United States.

Ever since the Fed was created in 1913, America has been subjected to recession after recession, not to mention one Great Depression. Some are even predicting that the United States is now actually entering a second Great Depression. Please understand this: the Federal Reserve has manipulated every bit of this financial crisis for the express purpose of enriching the international bankers on the backs (and bankruptcies) of the American taxpayers. And what does our illustrious Congress do? They continue to give billions and even trillions of taxpayer dollars to the very same group of gangsters who created and perpetuate this financial fraud. And, as with Congress, Presidents from both major parties likewise promote and defend this chicanery.

Yet, the U.S. Constitution, in Article. I. Section. 8. Paragraph. 5., clearly gives Congress the authority "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."

This constitutional requirement makes two obvious demands: 1) only the elected Congress, not some private foreign (or even domestic) banking interest, has the power to make monetary policy, 2) U.S. currency must be hard currency, i.e. gold and silver. Paper money--known as the Federal Reserve Notes--is not even legal tender under the U.S. Constitution.

In truth, the Federal Reserve Act of 1913 is itself unconstitutional. In simple terms, the Act did not amend or expunge Article. I. Section. 8. Paragraph. 5. of the Constitution; it merely ignored it. (And Congresses and Presidents have been ignoring the Constitution ever since.) In fact, Article. I. Section. 10. Paragraph 1. of the U.S. Constitution specifically states, "No State shall . . . coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts."

Can anyone not see that the Federal Reserve is an illegitimate system? I will even go so far as to say that the Federal Reserve should be regarded as a corrupt, criminal system! If I were President, not only would I do everything in my power to oppose any and all financial bailouts to these international banksters, I would instruct the Justice Department to pursue criminal charges of fraud, corruption, manipulation, and outright thievery against the Fed. Instead of padding their fat assets in a million-dollar penthouse, they should be serving most of the rest of their lives in the Big House.

Even the man who created the Federal Reserve, President Woodrow Wilson, later admitted the gravity of his sin. Years after signing the Federal Reserve Act into law, Wilson was quoted by Senator Robert Owen, Former Chairman, Committee on Banking and Currency (who was, himself, the chief sponsor of the Federal Reserve Act in the Senate, but who later vehemently repudiated it), as saying, "A great industrial nation is controlled by its system of credit. Our system is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world--no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of small groups of dominant men."

Obviously, Wilson's (and Owen's) recantation was too little, too late. He created the monster that is eating our country alive--even up to this very moment.

In the meantime, CONGRESSMAN RON PAUL has again introduced a bill in the House of Representatives to terminate the Federal Reserve. It is H.R. 833: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks. The Bill was introduced on February 3 and, to date, has no cosponsors. That's right. No cosponsors.

Until the American people demand that their elected members of Congress live up to their duties and responsibilities under the Constitution, they will continue to have their pockets picked clean by these corrupt banksters in New York City (and London) and their contemptible facilitators in Washington, D.C. Passing Dr. Paul's bill would be a great place to start.

HERE'S A "DID YOU KNOW": The establishment of a central bank is number five of the ten planks of THE MANIFESTO OF THE COMMUNIST PARTY. Click HERE and scroll almost to the bottom of the page to see them.

According to the OPEN CONGRESS website, H.R. 833 has been referred to the HOUSE FINANCIAL SERVICES COMMITTEE (clickable link to a listing of its members with clickable links to their websites). I urge everyone reading to contact the members of this Committee and insist they show some backbone and move this bill forward. It's a shame that the bill has no cosponsors. Probably because many of the members of Congress are getting their pockets lined too if the kickbacks from Freddie Mac and Fannie Mae are any indication. If it dies in committee, then we can only expect more of the same year after year, decade after decade.