G. Edward Griffin is a national treasure…
People think that the Federal Reserve System was created by the government as a means of controlling and regulating the banks, but in reality, the Federal Reserve System was created by the banks as a means of controlling and regulating the government and that’s the reality of today. – G. Edward Griffin
A reader sent me an article that looked at the discussion surrounding the tax cuts Americans have received as part of the Porkulus bill and how the GOP and FoxNews have been able to make a majority of Americans believe there has not been any tax cuts from the Obama Regime.
The point of this article is to show how TPTB still have the moos discussing tax cuts instead of the underlying hidden tax that has been occurring since the inception of the Federal Reserve System in 1913. A discussion about tax cuts or extending the Bush tax cuts is ridiculous when we have a private banking cartel in place that controls 100% of the money in the system, will collect $396 Billion in interest this year, and is on track to charge us $1 Trillion dollars in interest on our own money in 2011. The END OF THE FED absolutely has to happen; no ifs, ands, or buts; or this country will not survive hosting a parasite of The Fed’s size.
After further prodding — including a reminder that a provision of the stimulus bill had cut taxes for 95 percent of working families by changing withholding rates — Mr. Paratore’s memory was jogged.
In a troubling sign for Democrats as they head into the midterm elections, their signature tax cut of the past two years, which decreased income taxes by up to $400 a year for individuals and $800 for married couples, has gone largely unnoticed.
The first is that during Obama’s first two years taxes have in fact gone up. The stimulus tax cuts are only one of many changes to the tax code. Americans for Tax Reform reports that the 111th Congress enacted $352 billion in net tax hikes. Although most of those taxes are obscure and will not take effect as immediately as the stimulus tax cuts have, there can’t be any doubt that they have shaped the public’s understanding of the tax outlook. After all, cigarette smokers and tanning salon patrons — who will suffer large targeted tax increases — number in the millions.
This report is adapted from two earlier articles by G. Edward Griffin appearing in the April 13, 1987 and February 29, 1988 issues of THE NEW AMERICAN. Mr. Griffin, a journalist and film producer, is the author of The Creature From Jekyll Island: A Second Look at the Federal Reserve.
It is a sobering thought that the federal government could operate – even at its current level of spending –
without collecting any taxes whatsoever. All it has to do is create new money through the Federal Reserve System, a process called monetizing the debt. As a matter of fact, much of the money it now spends is obtained that way. The politicians who authorize that process know that this is not true debt, because no one in Washington really expects to repay it. It is merely a means of raising money to run the government without increasing taxes. Actually, the inflation that results from monetizing debt is just as much a tax as any other, but, because it is hidden and so few Americans understand how it works, it is far easier to collect than a tax that is out in the open.