I Have A Better Idea: Get Rid Of The IRS, The Fed, and Vampyre Obama To Save The Dollar
The American Taxpayer
Here are a few stories that got lost in the tidal wave of crap coming out of Washington, D.C. recently, and something new today concerning the death of the dollar.
While everybody on the MSM is talking about the $17 Billion (that’s 1/5th of 1%) that bambi’s minions were able to shave from the $3.7 TRILLION BUDGET, (I can’t wait for QUADRILLION to become the norm), he is actually talking about sucking the taxpayers of even more their lifeforce for guess who?…the IRS; another vampyre organization that needs to go bye-bye along with other outdated fads like the singing bass, the pet rock, shag haircuts, platform shoes, and bell bottoms.
Earlier this month, the usurper-in-chief announced his proposal to close tax loopholes “…for companies and individuals with operations or bank accounts overseas.”
WASHINGTON (AP) — President Barack Obama is proposing to close tax loopholes for companies and individuals with operations or bank accounts overseas.
Obama said Monday he wants to prevent U.S. companies from deferring tax payments by keeping profits in foreign companies rather than recording them at home. He also called for more transparency in bank accounts held by Americans in tax havens such as the Cayman Islands.
Obama said that his plan would generate $210 billion in new taxes over 10 years and “make it easier” for companies to create jobs at home. Congress may resist portions of the plan.
Yes Sir, closing all those loopholes is going to keep American companies and American jobs here in the states….only if you are a complete dipsh*t, would you believe that. How about we dump the Federal Reserve System, especially since they appear to be covering the transfer of $9 Trillion Dollars to whomever is their current flavor of the month, get rid of the Internal Revenue Service, (as you will soon see), and send the fascist in charge packing, (impeachment anyone?)
A few days later, it got even better.
Obama seeks to double tax law enforcement budget
WASHINGTON (Reuters) – President Barack Obama proposed on Thursday nearly doubling funds to enforce U.S. tax laws next year, with an aim of more than quadrupling funding for tax compliance to $2.1 billion within five years.
The budget plan seeks $12.1 billion for the Internal Revenue Service, responsible for collecting and enforcing individual and corporate tax laws, for fiscal 2010, which begins October 1. That amounts to a roughly 5.2 percent increase over the IRS budget for 2009, which was $11.5 billion.
The budget proposal, which must be approved by Congress, includes a $890 million request to boost tax enforcement, including in the international arena, an increase of $400 million from 2009.
Underreporting of income by individuals and businesses led to a “tax gap” of $345 billion in 2001, the most recent year available, according to the government. Of that, corporate income tax and employment tax underreporting made up about $84 billion, according to a report by the Government Accountability Office.
The Obama administration said it would use the funds to further expand its efforts to boost compliance outside the U.S., “placing greater scrutiny on cross-border transactions and tax issues.”
Now most of us industrious little monsters know that the tax code is some 70,000 pages and that TurboTax Cheating Timmie cannot even do his own taxes. We also know that our taxes are going to be going up next year, and that the 8 or so dollars that we are receiving in our paychecks is tax money we already paid and now we get to pay taxes on it again. How can we be so frakkin’ blessed to have such a patriotic opportunity to pay taxes on the same money twice? How?…It’s.Like.A.Dream.Come.True. Joe Biden and the rest of the left wing liberal democrats are having wet dreams about this ponzi scheme.
Meanwhile, in the rest of realityville known as the world, most of you may already know that Brazil and China are in negotiations to replace the American Dollar as their currency of choice for trade deals between their two countries.
Brazil and China eye plan to axe dollar
Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.
The move follows recent Chinese challenges to the status of the dollar as the world’s leading international currency.
Mr Lula da Silva, who is visiting Beijing this week, and Hu Jintao, China’s president, first discussed the idea of replacing the dollar with the renminbi and the real as trade currencies when they met at the G20 summit in London last month.
An official at Brazil’s central bank stressed that talks were at an early stage. He also said that what was under discussion was not a currency swap of the kind China recently agreed with Argentina and which the US had agreed with several countries, including Brazil.
“Currency swaps are not necessarily trade related,” the official said. “The funds can be drawn down for any use. What we are talking about now is Brazil paying for Chinese goods with reals and China paying for Brazilian goods with renminbi.”
Henrique Meirelles and Zhou Xiaochuan, governors of the two countries’ central banks, were expected to meet soon to discuss the matter, the official said.
Mr Zhou recently proposed replacing the US dollar as the world’s leading currency with a new international reserve currency, possibly in the form of special drawing rights (SDRs), a unit of account used by the International Monetary Fund.
In September, Brazil and Argentina signed an agreement under which importers and exporters in the two countries may make and receive payments in pesos and reals, although they may also continue to use the US dollar if they prefer.
Now add this to the tsunami of crap overwhelming the average American.
Day of reckoning looms for the U.S. dollar
The U.S. dollar slid against most major currencies Wednesday, hitting a five-month low of US$1.3775 against the euro and pushing the Canadian dollar up US1.21¢ to a seven-month high of US87.69¢.
“By many measures, the U.S. appears just a few short steps away from losing its coveted triple-A status, unless the recovery turns out to be considerably stronger than expected and the fiscal repair is faster than commonly expected,” said Douglas Porter, deputy chief economist at BMO Capital Markets. “A downgrade could boost the cost of funding U.S. debt at the margin, but underlying inflation and fiscal fundamentals will ultimately be the primary driver.”
Despite the risk, Paul Ashworth, chief economist at Capital Economics, said the United States was unlikely to lose its rating. But, in the event of a downgrade, he said it would probably not have a lasting impact on the U.S. dollar.
However, he said a big threat lurked in the country’s expanded monetary base, which now stands at about US$1.8-trillion. While the expanded monetary base was needed to feed economic growth and ward off deflation under the Fed’s quantitative easing plan, Mr. Ashworth said such high levels could fuel rampant inflation once broader monetary conditions improved.
And then we have Greenspan weighing in on the little banks capital problems.
Greenspan Says Banks Still Have a ‘Large’ Capital Requirement
May 21 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that U.S. banks must raise “large” amounts of money.
“There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” Greenspan said in an interview yesterday in Washington. He also said that “until the price of homes flattens out we still have a very serious potential mortgage crisis.”
Greenspan’s comments suggest he sees a bigger capital shortfall in the banking system than reflected in regulators’ stress tests on the 19 biggest U.S. lenders. Treasury Secretary Timothy Geithner told lawmakers yesterday that banks have issued more than $56 billion in new stock or debt since the tests found 10 firms needed to raise about $75 billion.
A lack of capital at banks may inhibit lending to consumers and businesses, tempering any economic recovery. The former Fed chief, who left the central bank in 2006, said that the continued slump in home prices is putting at risk millions of borrowers.
“We’re on the edge and if this thing doesn’t get resolved quickly I’m worried,” he said before a meeting with House of Representatives members on financial regulation that was organized by the Washington-based Bipartisan Policy Center.
Home prices will only start to stabilize once the “liquidation” rate of single-family homes has peaked, he said. “I don’t think we’re there yet.”
This is what Alan Greenspan is talking about.
Small Banks Need Capital, Too, But Could Face Harder Time
Big banks aren’t the only ones under stress-their smaller competitors also need to raise billions in capital to meet tighter government standards but may have trouble doing so, some analysts believe.
While investors have focused mostly on the nation’s largest 19 banks that were the subject of the government stress tests, shares of some smaller banks have been getting pummeled since last week’s rollout of the test results.
One of the reasons: the stricter capital requirements for all banks-not just the 19 biggest-may prove too onerous for some of the regional and community institutions, causing some of them to fail.
“Most of these little banks won’t be able to do it,” said Richard Bove, banking analyst at Rochdale Securities. “We’re headed to a situation where the focus is going to be on small banks. The small banks are going to fail in, I think, pretty large numbers. I’m guessing 150.”
Now pay attention to this next section kids.
Many of the banks will have trouble raising capital due to a variety of factors, among them a “crowding out” factor in which the larger banks will scoop up the lion’s share of the investment money available, and the big banks’ diversity of business that contrasts to many smaller institutions’ stock-in-trade of basic retail lending.
“The ones that can’t access capital are going to have to basically get on their knees and go to a larger bank to take them over,” said Michael Cohn, chief investment strategist at Atlantis Asset Management in New York. “Over the next six months there’s going to be some consolidation with the banks that can’t raise capital, that are OK now but don’t meet the stress-test guidelines. Basically the government’s going to force them to consolidate.”
An additional factor, Bove suggests, is a fundamental desire by the government to knock out the weaker community banks and concentrate financial power in the hands of larger institutions.
That would fit into a philosophy that the comparatve lack of mega US banks and the capital to which they have access makes domestic corporations less competitive with their foreign counterparts, he said.
“The policy of the US government from the mid-1980s on has been to try to eliminate as many small banks as possible, although I doubt any government would admit that’s what they are doing,” he said.
Implementing the stress tests and putting the large banks into position where they would become over-capitalized is consistent with a strategy the government has been implementing since the administration of President George H.W. Bush.
If your head has not exploded yet, here are a few more links to help that process along.
Feds to inject $7.5B more into GMAC
Fed Open to Buying More Securities
Fed Officials Unconvinced Economy’s ‘Stabilization’ to Persist
Senate to Approve Obama’s $91B War Fund Request
Tracking Stimulus Spending May Not Be as Easy as Promised
I am not going to lay the whole economic meltdown situation at Bambi and Timmie’s feet, the responsibility for that could be spread over numerous government agencies, congressmen, senators, presidents, and banking officials, but Bambi and Timmie are NOT making the situation any better even though Timmie, (who cannot even do his own taxes), is saying the economy is stabilizing – wishful thinking if one were to ask me.
I’m still waiting to see what happens with the commercial real estate bubble.
If you have not figured out yet that the whole purpose of this economic meltdown was to completely drain the average American of every last penny, better get on board because after they print all this money and bail out all these companies, inflation is going to be gearing up to finish us off.
Logistics Monster 
GREAT POST!!! It says it all. We are being screwed by a bunch of psychopaths; it’s been going for decades; it’s been going on under democrat and republican administrations.
Regarding the IRS, I’ve been saying it since I first heard it, nobama is increasing its size in order to squeeze every last drop out of the American taxpayer’s pockets. We will be terrorized by the fascist IRS. I heard their advertisement the other day on the radio. They want to fill positions ranging in pay from approximately $32,000/year to $75,000/year. Every deduction we make will be scrutenized. They tell us it’s just for businesses; don’t fall for it.
The banks continue to be bailed out because of the derivitives that are out there (maybe in the quadrillions of dollars!). We are paying for the psychopath’s gambling debts!!! Most of the American public don’t have a clue. Holy crap, wake up people.
My 88 year-old father says we have to vote the politicians out of office. I say we need to physically take them out of office. Take their sorry asses out of office and put them in prison; try them for treason, try them for crimes against humanity, try them for crimes against the laws of God and nature.
I find myself asking, where is my country? Where is the America I grew up in? Sadly, it was all an illusion. However, I’m not going to give up hope. We still have our Constitution, the greatest document ever written to govern a nation. We can’t let them take that away; it’s our foundation. We need to cling to that document like we cling to our guns and religion. They are trying to destroy it because they know they must in order to defeat us. We have to fight. We have to come together as a collective body.
Talking heads yesterday on CNBC were talking about the commercial real estate market…today there was a story in the ABQ Journal about a huge office building on the market in NYC for….$100,000!!!
As for the dollar…talking heads saying China’s taking over the reserve currency will take ten years if it happens and gee whiz, what is the alternative to the dollar? He added that GOLD might become the reserve currency…and, of course, we know how China is buying up gold as are other countries to build up their reserves.
Seems they’re moving pretty damned fast to me. China and Brazil are also involved in the IMF bond business, by the way (along with India).
WAKE UP EVERYONE!!! The banksters rule the world and OWN Washington. This is ALL an illusion! The constitution was left behind in 1873 and we have been ruled (not governed) by a corporation since then. In 1873 congress incorporated Washington. In 1913 they gave the power completely to the banksters. Bankers do not lend money without collateral, and it is no accident that income taxes were also created in 1913. Our taxes (read tributes) are 100% going to the banksters as payment on the interest on the debt (on money “THEY” created from thin air at interest rates “THEY” set). “THEY” will not be happy until there is not a dime left between us left to take!
In 1933 the corporation went bankrupt, the banksters took all of the gold in Fort Knox for payment of the debt, and that wasn’t enough so they had Roosevelt take all of the gold out of our pockets. This was still not enough money to satisfy the banksters, and in 1936 “THEY” created Social Security to bleed more money from us to give to the banksters. In 1945 at the Brenton Woods, the banksters sold the Corp. US to the IMF. The entity in Washington is OWNED, lock, stock, and barrel by a foreign corporation.
When you see a flag with gold fringe around the edge, it is the corporate flag, not ours (our flag actually has 48 stars on it because Alaska and Hawaii were added by this corporation- not the legal constitutional government). Every court, post office, and Federal office has this flag in it. Every time you see BO or anyone from congress on TV, there is a gold fringed flag behind them. It is time for EVERYONE to wake up. We lost our country over 100 years ago. We are not using the constitution and have not been for quite a while now! We are living on borrowed time!
Everything is going according to plan. “THEY” are a few years behind in schedule, and we would already be in FEMA camps for several years now if “THEY” had their way. “THEY” are running behind schedule because of the internet and it’s ability for us to exchange info and wake others up. It won’t be long now before “THEY” shut down this last speed bump to their plans.
It is way past time to make plans. Stock up on food. Stock up on weapons and ammo (it is almost too late for this). Make plans to get out of the cities at a moment’s notice and have some place to head to. The going is getting ready to get real rough.
“THEY” are getting ready to collapse the dollar. The US is the last nation of “freedom” and when it falls, there is nothing in their way to install a world government. This has been the plan for over 100 years. If nothing else, these banksters are very patient. They put out a plan they knew would take several generations to accomplish. They call it “the work of the ages”.
They had to get us to a point of desperation, because we (the citizens) are armed to the teeth and there is no force on earth greater than a free man (or 300 million) fighting for that freedom. This is the main reason there are so many bills to disarm us and to make those that have guns criminals. They have gotten us lulled into a false sense that they will take care of everything. They have gotten the majority of the population dependent on them. They have gotten us dumbed down, drugged up, and distracted so that we can not think.
Poisons in our food (aspartame and MSG) and water (fluoride) approved by the FDA, poison in our air (aluminum, barium, and other things) with chemtrails, “THEY” do not want you to be healthy. 40 years ago one out of 300 had cancer, now it is one in three. 40 years ago there were 3 inoculations required to go to school, now there are over 50.
Diamond, this is a great post and you clearly have put a lot of time into compiling it. Now you need to read between the lines. All of this is just distraction. It is meant to get us riled up. It is meant to make us ready to start a new revolution. It is meant to make us want to forcibly throw them out on their asses. That is what “THEY” want. “THEY” want us to make the first move. “THEY” want us to fire the first shot. “THEY” will just keep up with the insanity till they get their way.
If you have never seen “Endgame” by Alex Jones
http://video.google.com/videoplay?docid=4583630379439989634&hl=en
it is time. I have been doing a lot of research for months now, and everything he says here is provable, and the most concise documentation of “THEIR” plans.
When you look around and notice that all your “friends” have abandoned you, do you do a quick breath check, or is there a deeper reason?
And if you still don’t believe the dollar US ‘as lost ‘er luster…then maybe you will believe it when you learn other countries are unloading dollars as fast as they can.
Take read of this article by By Vadim Pokhlebkin about the Chinese exodus from the dollar, and how as Diamond pointed out above they’druther trade in of all things…Brazilian Reals!! Holy Cow! What does that tell you? Maybe the graph tracking REAL vs DOLLAR will bring it home for you! Here’s the URL to the article:
http://www.elliottwave.com/freeupdates/archives/2009/05/21/China%92s-Dollar-Exodus.aspx
So, what’s the moral of the story:
First, money doesn’t grow on trees, but neither does it come out of thin air per the Federal Reserve System.
Second, there is a finite amount of debt that can be absorbed by any any economy. We surpassed our limit years ago. But did that make us stop and think that bailing out those too big to fail might, just might, cause us to loose all credibility in the global market? It apparently has not.
So, what does our government go and do, why they attempt to bail out GMAC, because, well, it worked for Penn Central didn’t it? Since those days nearly 40 years ago, this STUPID idea that bailout is a good thing has become not last resort, but SOP!! Without batting an eye, let alone a few moments of debate, they ram this stuff through the legislature as if they have to or the whole world will come to a screeching halt. Instead, our currency, and thereby our country is going to be turned into a global pariah from a superpower. Thank you ever so much Mr. Obama! Did you really think that the NWO would want a looser debtor nation like us in their club? It’s going to hurt. But I have to agree with End The Fed, and Ron Paul, and Diamond, that the Federal Reserve System, AND the traitors in Government who aided and abetted, are the source of the problem. I have to agree it’s time to shitcan the FED, and those who played along with it.
PM,
So what’s the solution?
By the way the Federal Reserve Bank won’t have clue when the inflation begins to hit us or how bad it will be because they no longer track it. UGH!
Grail Guadrian: the answer is to make as many people as possible aware of the facts that I have posted here. Don’t take my word for it, do some research and prove it to yourself, then tell as many as will listen. WAKE THEM UP!!!!
If we fail, then “THEY” will have won, and we are doomed. If the majority of the sheeple remain just that, blind, deaf, and dumb sheeple, “THEY” win. But the more that can be awoken, the better our chances are of winning our country back and reinstating a constitutional government. As long as we believe the false history that we were fed in History Class, “THEY” have won. As long as we are falsely lead to believe that the Fed. Gov’t has power to make laws at will, then we loose. Read the Federalist papers to see the true thoughts of the founding fathers. The biggest advantage “THEY” have is our ignorance! Read all you can about Thomas Jefferson, the most brilliant man ever. Read about Andrew Jackson and how he fought the establishment of a central bank. Thomas Jefferson said “If we ever let the banks control the issue of money, the corporations that will grow up around them will deprive us of our wealth and our children will wake up homeless in the land their fathers won” Look around…what is happening? The Federal Reserve is a private bank. The bankers have controlled the issue of money for 100 years and the value of our money has depreciated 96%.
All this talk of a “constitutional convention” is just to totally kill the constitution we have once and for all. Once they are behind those closed doors, there is no telling what will emerge! (and I can guarantee you that it will have no resemblance to the constitution that we all believe still exists).
Do a search on “the missing 13th amendment”, do a search on “1873 incorporation of Washington DC”, read and memorize the constitution and understand that there are very limited powers outlined as belonging to the Fed. Gov’t, and the 10th amendment says basically, “if we have forgotten anything, you can’t do that either- all power is left to the states and the people”. Do a search on the Federal Reserve- check out The Creature From Jekyll Island- by G. Edward Griffin. Watch the Endgame by Alex Jones and it will give you more links to research. Read or do a search on “The Red Amendment” it is about how the 14th amendment made us all slaves and porperty that is owned by the Federal Gov’t!
Once the politicians realize that we are awake, they will straighten up. As long as we keep re-electing them and they do not have to be held accountable, they will keep voting with their wallets. If they realize the jig is up, they will come around, or new politicians that really want to spread the truth will arise. No sitting politician wants to be unemployed, and if they have to toe the line to keep their job, they will. If there is a threat of treason and imprisonment for that charge looming, they WILL toe the line.
If we fail to wake others up and we fail to educate ourselves as to what the constitution really says and when it got left behind, then the only hope is to follow the founding fathers’ path, and no one really wants another revolutionary war.
The states are just as guilty. By 1973 ALL of the states had been replaced with corporations just like the Fed. Gov’t. Just go to your local post office and you will see a state flag, and a Fed flag, both
“infringed” with gold fringe. The banksters create the money from thin air, and every politician will sell your soul and theirs for it, as long as we are asleep and they will never see the inside of a court room facing treason charges.
Right now, to a certain extent, we still have the first amendment. Use it to talk about the true duty of government. Use it to wake others up. As long as the internet is still intact, do some research and learn where things got hijacked. Once the first amendment is gone, we have no choice but to use the second!
PS- Many many thanks to Diamond for all of her work establishing this site and for her tireless efforts in deep diving into those rabbit holes and fighting her way through those many layered webs. God Bless and protect her!