By Mac Slavo | SHTFplan | Feb. 13, 2019

The national debt should be a huge concern for every single American, as the government is essentially stealing from people not yet born to pay for things now.  As debt increases, so does volatility and interest rates; and at some point, the government will have to admit they cannot pay that money back.

“Reaching this unfortunate milestone so rapidly is the latest sign that our fiscal situation is not only unsustainable but accelerating,” said Michael A. Peterson, chief executive officer of the Peter G. Peterson Foundation, a nonpartisan organization working to address the country’s long-term fiscal challenges.  According to Yahoo, the problem is that our taxes are too low, not the government’s frivolous spending.

According to Yahoo, a big national debt can also make it harder for the government to increase spending to combat the next recession or devote more money to retraining workers and helping the poor, among other programs.  It seems that the media is more concerned about making sure money is funneled through incompetent bureaucrats than anything else.  If government programs designed to help the poor with stolen funds (taxes) were effective, there wouldn’t be a skyrocketing homeless epidemic infecting socialist cities in California.

The problem is that government programs are never effective and aren’t voluntary.  They simply take money from some, and after paying incompetent “public servants” a pittance is returned to “help the poor.”

Peterson attributed the growing national debt to “a structural mismatch between spending and revenues.” And while that’s the truth, the media continues to hide the fact that firstly, taxation is theft simply because it’s compulsory, and not voluntary. Peterson then says that the biggest drivers of the deficit are the aging population, high healthcare costs, and growing interest payments, combined with a tax code that fails to generate sufficient revenue, he said.

However, what the mainstream media fails to tell anyone is that the federal government generated plenty of revenue (stolen funds). The ruling class collected a record amount of taxes in 2018. They stole $1,683,537,000,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018), according to the Monthly Treasury Statement released today.  That doesn’t include taxation and theft of any other kind. In fiscal 2018, total tax collections equaled $3,328,745,000,000, according to the Treasury statement.  So what we have here, folks is a spending problem.  The ruling class steals your money, spends it on lavish salaries and homes for themselves, then goes into debt to not fix the problems they promised to when you voted. And yet we have a nation of statists that bow to this immoral culture as if it’s the only religion.

Perhaps if the mainstream media would dare to actually publish how much money is stolen from Americans to pay for the lavish lifestyles of the wealthy rulers who dictate their lives, we would have a lot more people demanding their freedom from the totalitarians they voted for.


Contributed by Mac Slavo of SHTFplan.com


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By Tim Brown | Freedom Outpost | January 19, 2019

This is not surprising given the nature of the tax system and history the Internal Revenue Service has with fraud and giving away millions, if not billions, to those who are illegally in the united States.  However, in a nine-part series, investigative journalist Bob Segall of WTHR in Indiana exposed just how corrupt the IRS is and the massive amount of fraud that is going on in the system, especially with what is being termed “undocumented workers,” and how US money is leaving the States to go into the hands of people who don’t even live here.

The series first appeared in 2012, under the usurpation of Barack Hussein Obama Soetoro Sobarkah.

The series is listed below with the video report beneath each description.

Part one: Tax loophole costs billions – Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it!

Part two: Will lawmakers act to close tax loophole for illegal immigrants? – From Indiana to Capitol Hill, thousands of people are now weighing in on a WTHR investigation exposing a tax loophole worth billions for undocumented workers. But what, if anything, can be done about it?

Part three: Lawmakers debate tax loophole – Members of the US House of Representatives are talking about our investigation and demanding answers.

Part four: IRS workers OK “phony” documents from illegal immigrants – After WTHR exposed a tax loophole that allows illegal immigrants to collect tax credits worth billions, the Internal Revenue Service pointed the finger at Congress. But IRS whistleblowers are now coming forward to say the real blame lies within.

Part five: IRS tackles ITIN fraud – Following a 4-month investigation by WTHR, the IRS is now taking steps that will make it more difficult for undocumented workers to get fraudulent tax credits.




Part six: IRS hit with audit for mismanagement and fraud – 13 Investigates has learned the tables are turned on a federal agency feared for its ability to audit taxpayers. The IRS is now the focus of a year-long audit, thanks to federal employees who are blowing the whistle.

https://youtu.be/o6Qr-7Onptk

The following reports do not have a video report with them.

Part seven: Federal report calls for changes to reduce tax fraud – A federal investigation confirms everything we uncovered about a huge tax fraud that’s putting money in the bank accounts of people living and working here illegally. Because of our investigations, changes are underway to fix the costly mistakes.

Part eight: Inspector General calls IRS problems “shocking and disappointing” – During the past ten years, Treasury Inspector General for Tax Administration Russell George says he’s seen a lot of audit reports. But he admits he’s never seen one quite like the report his agency issued yesterday.

Part Nine: Illegal immigrants say tax credits are needed – Some illegal immigrants are speaking out to explain why the child tax credits at the center of WTHR’s investigation are so important, and why Congress should not eliminate them.

Part Ten: IRS announced final rule changes prompted by WTHR investigation – 13 Investigates has learned the IRS is now taking action following an Eyewitness News investigation. The changes will reduce fraud and save taxpayers billions of dollars.

Part Eleven: Indiana lawmakers propose new law to reduce tax fraud – State legislators are looking at new rules to keep Indiana tax dollars from going to illegal immigrants who file fraudulent tax returns.

Part Twelve: IRS center that reviews info from illegal workers still plagued by “chaos” -WTHR’s “Investigating the IRS” reports made national headlines, sparked Congressional debate and triggered action by the U.S. Inspector General. The year-long Eyewitness News investigation exposed the IRS giving out billions of dollars in fraudulent tax credits to undocumented workers, and it prompted the IRS to announce significant changes. A year later, IRS insiders tell 13 Investigates those changes are flawed and many of them are simply not working.

Still, the costs of illegal aliens continue to be a concern despite the fact that these reports garnered a lot of attention nationally at the time of their report.

Frankly, there is nothing patriotic about paying income taxes in the first place, and as filmmaker Andrew Russo exposed below, there is no law saying that you have to file an income tax return, at least not for the vast majority of Americans.


Contributed by Tim Brown of FreedomOutpost.com

Tim Brown is an author and Editor at FreedomOutpost.com, SonsOfLibertyMedia.com, 

GunsInTheNews.com and 

TheWashingtonStandard.com. He is husband to his “more precious than rubies” wife, father of 10 “mighty arrows”, jack of all trades, Christian and lover of liberty. He resides in the U.S. occupied Great State of South Carolina. . Follow Tim on Twitter. Also check him out on Gab and Steemit


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By Ron Paul | RPI | January 21, 2019

President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning President Trump would have to fire Powell if Trump was serious about removing him.

The law creating the Federal Reserve gives the president power to remove members of the Federal Reserve Board — including the chairman — “for cause.” The law is silent on what does, and does not, constitute a justifiable cause for removal. So, President Trump may be able to fire Powell for not tailoring monetary policy to the president’s liking.

By firing Powell, President Trump would once and for all dispel the myth that the Federal Reserve is free from political interference. All modern presidents have tried to influence the Federal Reserve’s policies. Is Trump’s threatening to fire Powell worse than President Lyndon Johnson shoving a Fed chairman against a wall after the Federal Reserve increased interest rates? Or worse than President Carter “promoting” an uncooperative Fed chairman to Treasury secretary?

Yet, until President Trump began attacking the Fed on Twitter, the only individuals expressing concerns about political interference with the Federal Reserve in recent years were those claiming the Audit the Fed bill politicizes monetary policy. The truth is that the audit bill, which was recently reintroduced in the House of Representatives by Rep. Thomas Massie (R-KY) and will soon be reintroduced in the Senate by Sen. Rand Paul (R-KY), does not in any way expand Congress’ authority over the Fed. The bill simply authorizes the General Accountability Office to perform a full audit of the Fed’s conduct of monetary policy, including the Fed’s dealings with Wall Street and foreign central banks and governments.

Many Audit he Fed supporters have no desire to give Congress or the president authority over any aspect of monetary policy, including the ability to set interest rates. Interest rates are the price of money. Like all prices, interest rates should be set by the market, not by central planners. It is amazing that even many economists who generally support free markets and oppose central planning support allowing a government-created central bank to influence something as fundamental as the price of money.

Those who claim that auditing the Fed will jeopardize the economy are implicitly saying that the current system is flawed. After all, how stable can a system be if it is threatened by transparency?

Auditing the Fed is supported by nearly 75 percent of Americans. In Congress, the bill has been supported not just by conservatives and libertarians, but by progressives in Congress like Dennis Kucinich, Bernie Sanders, and Peter DeFazio. President Trump championed auditing the Federal Reserve during his 2016 campaign. But, despite his recent criticism of the Fed, he has not promoted the legislation since his election.

As the US economy falls into another Federal Reserve-caused economic downturn, support for auditing the Fed will grow among Americans of all political ideologies. Congress and the president can and must come together to tear down the wall of secrecy around the central bank. Auditing the Fed is the first step in changing the monetary policy that has created a debt-and-bubble-based economy; facilitated the rise of the welfare-warfare state; and burdened Americans with a hidden, constantly increasing, and regressive inflation tax.


Contributed by Ron Paul of Ron Paul Institute.

The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home.


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By Ron Paul | RPI | October 29, 2018

President Trump recently called the Federal Reserve’s interest rate hikes crazy. Leaving aside President Trump’s specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that “crazy” is a good way to describe the Federal Reserve.

When not forced to use a government-created currency, individuals have historically chosen to use a precious metal such as gold or silver as money. The reasons include that precious metals are durable and their value tends to remain relatively stable over time. A stable currency ensures that prices accurately convey the true value of goods and services.

A main value of a precious metal is it accurately conveys the true price of money, which is the Interest rate. If the interest rate reflects the manipulation of central bankers and not true market conditions, individuals will be unable to properly allocate resources between savings and current consumption.

In contrast to market money, government-created fiat currency is anything but stable. Central banks constantly increase and decrease the money supply in an attempt to control the economy by controlling the interest rates. This causes individuals to misread market conditions, leading to a misallocation of resources. This can create an illusion of prosperity. But eventually reality catches up to the Federal Reserve-created fantasies. When that happens, there is a recession or worse, leading the Fed to start the whole boom-and-bust cycle over again.

When central banks create money, those who first get the new money enjoy an increase in purchasing power before the new money causes a real increase in prices. Those who receive the money first are members of the banking and financial elite. By the time the new money reaches the middle class and working class, inflation has set in, so any gain in purchasing power is more than offset by the increase in inflation. Thus, central banking causes income inequality.




Since the Federal Reserve’s creation in 1913, the dollar has lost most of its value. The steady erosion of the dollar’s value punishes savers and rewards those who seek instant gratification even if it requires piling up massive debts. So the Federal Reserve is at least partially to blame for the rise of a culture that devalues thrift.

The very act of creating money and manipulating interest rates distorts the market. Therefore, the Federal Reserve System cannot be fixed with a “rules-based” monetary policy or even with “tying” the Fed-created money supply to the price of gold. It is amazing how many economists who oppose price controls on all other goods support allowing a secretive central bank to control the price of money.

Trusting the Federal Reserve to produce permanent prosperity instead of a boom-and-bust cycle is a textbook example of a popular definition of insanity being repeating the same action in hope of getting different results. The Federal Reserve System is as unworkable and doomed to failure as every other form of central planning.

It is likely that the next Fed-created recession will come sooner rather than later. This could be the major catastrophe that leads to the end of fiat currency. The only way to avoid crisis is to force Congress to end our monetary madness. The first steps are passing the Audit the Fed bill, allowing people to use alternative currencies, and exempting all transactions in precious metals and cryptocurrencies from capital gains taxes and other taxes.


Contributed by Ron Paul of Ron Paul Institute

The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home.


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By Michael Snyder | Economic Collapse | October 26, 2018

As the middle class disintegrates and poverty grows, more Americans than ever are becoming dependent on the government just to survive.  Today, we live in a country where most workers do not earn enough to support a middle class family, and we are seeing the homelessness crisis spiral out of control in major cities on both coasts.  During this election cycle, many conservatives have been freaking out that an increasing number of Democrats are openly embracing socialism, but the truth is that we are already most of the way to becoming a socialist country.  In fact, as you will see below, more than half of all Americans currently receive more money from the government than they pay in taxes.  We have become absolutely addicted to government money, and this is one of the major trends that is eating away at our nation like cancer.

The government is not supposed to take care of us from the cradle to the grave.

Rather, our founders understood that the proper role of government is to create and protect an environment of liberty and freedom where we would be empowered to take care of ourselves.

Today, most Americans cannot independently take care of themselves, and that makes them dependents.  And when you are a dependent, you aren’t really free.

One of the reasons why I write so much about the decline of the middle class is because it is an existential threat to our way of life.  If you look around the world, or if you go back through history, you will see that tyrannical regimes tend to thrive when populations are poor and cannot stand up for themselves.  If we want our Republic to survive, we need a strong, independent population that is not economically dependent on the government.  That is what we had throughout most of our history, and that is now what we are rapidly losing.

Just because you are working does not mean that you are independent.  At this point, most jobs do not pay enough to support a middle class family, and the ranks of the “working poor” continue to explode.  In reality, Americans are working harder than ever in 2018, and yet things continue to deteriorate.

The following are a few numbers that prove that we are rapidly becoming a nation of government dependents…

Over half the country now receives more in government transfer payments than they pay in taxes.

-According to one recent survey, the cost of living is higher than the median income in 42 U.S. states.

-Today, 50 percent of all American workers make less than $30,533 a year.

62 percent of Americans say that their financial situations have not improved since the last presidential election.

And here are six more from my friend Alan Yerushalmi

• According to a FED report, about 40 percent of adults in the U.S. said that if faced with a $400 unexpected expense, they would either not be able to pay it or would do so by selling something or borrowing money

• Almost 1 in 3 U.S. households have challenges paying energy bills

• About 40% of the American middle class face poverty in retirement

1 in 3 Americans have hardly any retirement savings

• Those over 65 have been filing for bankruptcy in droves

• Health spending per capita in the U.S. increased nearly 29 fold in the past 40 years, outpacing the growth of the economy

If things are this bad now, how dreadful will the outlook be once we are deep into the next recession?

History has shown that once national governments begin to expand in size, they usually keep expanding until they ultimately collapse.

Sadly, a large portion of the population has become convinced that the government should be in the business of handing out as much “free stuff” as possible.  Housing, healthcare and college education are now being called “human rights”, and tens of millions of our fellow citizens feel that they are entitled to be given these things by the government.  Needless to say, this has chilling implications for the future of our country, and I really like how Ryan McMaken made this point in his most recent article…

The political implications of this are considerable. As Ludwig von Mises once noted, once we get to the point that a majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more and more wealth be transferred to them through government programs. It will then become politically necessary to extract larger and larger amounts of wealth from a minority in order to subsidize the majority.

Market economics will become less and less popular because the voters will have realized they can — in the words of James Bovard — “vote for a living” instead of work for a living.

Every additional dollar that the federal government spends is an additional dollar that is being stolen from our children and our grandchildren, and we are already more than 21 trillion dollars in debt.

We have been on the greatest debt binge in human history, and that debt binge delayed our day of reckoning, but it did not cancel it.

In fact, one of my contacts just emailed me with some deeply troubling information.  He has a customer that is a Bank of America board member, and that board member told him that they expect things to really start falling apart by late March “at the latest”.  This is word for word what my contact told me…

“I had a customer this past Saturday who was a very high ranking Bank of America board member, and she said in the meetings, they expect late March, at the latest, that things will really start to disintegrate fairly quickly or very quickly. That was AT THE LATEST she said.”

When I say that “dark days are ahead”, I am not using hyperbole.  We really have reached a turning point, and things will never be the same again.

The relentless march of time is inexorable, and eventually the clock runs out for everyone.  America has been living on borrowed time for quite a while, and a perfect storm is looming on the horizon.


Originally published by Michael Snyder of economiccollapseblog.com

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.





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