By Isaac Davis | Waking Times | Sept. 26, 2018

The financial enslavement of the American people (and the rest of the world) is nearly complete. Not only are private banks, the Federal Reserve, and top-tier investing corporations given free rein to plunder public coffers, but the government itself spends uncontrollably, and some $21 trillion in tax money is now ‘missing.’ Not only is this unsustainable, it is outright criminal.

The middle class appears to be the target of economic hitmen, and to make matters worse, we now see that ordinary Americans are spending almost twice as much on taxes as they are on food and clothing combined.

In an article entitled Americans Spent More on Taxes Than on Food, Clothing Combined in 2017, CNS News reports on this astounding fact of modern life in the ‘freest country in the world:

“Americans on average spent more on taxes than on food and clothing combined in 2017, according to the Bureau of Labor Statistic’s new data on consumer expenditures, which was released this month.

“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS.

But they spent $16,749 on federal, state and local taxes.” [Source]




CNS goes onto to break down the tax burden of the average American:

“Even though Americans spent more on taxes in 2017 than on food and clothing combined, the average 2017 overall tax bill of $16,749 was still lower than the average 2016 overall tax bill of $17,153.

In 2016, according to the BLS, the average American consumer unit spent $8,367 on federal income taxes; $2,046 on local income taxes; and $75 on other taxes—which the BLS rounded to a subtotal of $10,489.

The average 2016 tax bill also included $4,695 in Social Security taxes and $1,969 for property taxes—bringing the total average tax bill for the year to $17,153.

Also in 2017, Americans spent on average $7,203 on food and $1,803 on apparel and services—for a combined $9,006 on food and clothing.” [Source]

Many activists and freedom fighters in America have been working to expose the corruption inherent in the federal income tax, noting that a tax on labor is unconstitutional and serves as a defacto form of indentured servitude. In his paradigm-shifting 2006 film, America: Freedom to Fascism, director Aaron Russo actually went to the IRS and spoke to the head of this monolithic agency, attempting to hold him accountable to the American people and the Constitution. Here’s what happened:

Final Thoughts

This is all happening at a time when the economy is supposedly doing fantastic, but wealth inequality is reaching astronomical proportions. It is even estimated that the world’s richest one percent will own two-thirds of all the wealth in the world by the end of next decade. This is a class of people who have the means to organize their financial lives in such a way that helps them to avoid paying taxes, demonstrating that taxes are a really great way to bilk the middle class and force them into supporting a corrupt political class and all the organs of big government.

Meanwhile, the American people have allowed themselves to be led into dangerous societal division by a corporate news media that ignores real issues, such as the corrupt taxing system, and directs their attention onto superficial political issues and sensational nonsense.


Contributed by Isaac Davis of WakingTimes.com

Isaac Davis is a staff writer for WakingTimes.com and OffgridOutpost.com Survival Tips blog. He is an outspoken advocate of liberty and of a voluntary society. He is an avid reader of history and passionate about becoming self-sufficient to break free of the control matrix. Follow him on Facebook, here.


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By Vicki Batts | Natural News | Sept. 22, 2018

If you value privacy and freedom, it may be time to ditch your iPhone (if you haven’t already). Thanks to some clever fine print, Apple is now granting itself the right to monitor users’ phone calls and emails. What is the massive left-wing tech company doing with this information? Generating “trust ratings” for Apple product users — a similar endeavor is currently underway in communist China. Overseas, the Chinese government is issuing “social credit scores” to its citizens, and now Big Tech is taking on a similar mission here on U.S. soil.

As Aldous Huxley once said, “Technological progress has merely provided us with more efficient means for going backwards.” And we surely are moving backwards: Under the regressive Left, technology today is now being used to quash freedom and silence dissenting thoughts and opinions, rather than to share information (as was once intended).

Apple now spying on users, giving out “trust ratings”

Apple has gone full-blown authoritarian with its latest initiative to crack-down on freedom. The corporate behemoth says that the “trust ratings,” which were added quietly in the latest iOS update, are benevolent in nature; supposedly these ratings will “help” with fraud prevention. Despite Apple’s insistence that the company is “fully committed to transparency,” and that the scores are “privacy-preserving,” how monitoring people’s phone calls and emails will prevent fraud (or preserve privacy) is never explained.

In fact, Apple hasn’t even provided a single scenario in which the trust score would prevent fraud.

Users can’t even see their own “trust scores,” unless they contact Apple directly and ask for their data.

This is where things go from authoritarian to Orwellian: Apple is now telling its users that by spying on them, the company is “protecting” them and preserving their “privacy.” This is what Orwell would have called “doublethink.” Big Tech and their followers see no quandaries with the idea of spying as a way to obtain privacy — and seemingly fail to notice these two ideas are at odds, probably because they’ve been indoctrinated into believing “Big Brother” knows best.

By now, anyone who partakes in the world of tech has accepted that they are being spied on to some degree — and that’s what they’re banking on. Tech companies like Apple are quietly inching towards the goal of total domination, slowly but surely. Some have already called Apple’s new trust scores “dangerous,” and it’s easy to see why.




Big Tech is on a slippery slope

The tech industry has come under fire for censoring “dissenting” thought, whether it be promoters of natural medicine, critics of the vaccine and pharma industries, or proponents of conservative politics. The freedom to think for yourself is being attacked by the regressive Left and silenced by the tech industry in one way or another. While leftists whinge about the need for more tolerance when it comes to diversity in appearance, they are increasingly intolerant of diverse thoughts.

Now, Big Tech is taking yet another page from Communist China by instituting trust scores — which are all too reminiscent of China’s social credit score system. The one which prohibits “untrustworthy” people from being able to fly, purchase property or send their kids to good schools.

Earlier this year, a Chinese journalist revealed that he was  unable to buy a home because of a bad social credit score. Liu Hu stated further that he was “banned” from flying because he was deemed “untrustworthy” by the government, and that he couldn’t send his child to private school. Liu had been ordered by Chinese courts to apologize for a series of tweets he’d written, but authorities said it was “insincere.”

If Apple’s new trust rating is any indication, we are headed in the wrong direction. See more coverage of stories about assaults on your freedom at PrivacyWatch.news.


Contributed by Vicki Batts of NaturalNews.com


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By Paul Craig Roberts | Sept. 22, 2018

My Generation is the last one to have known privacy and to have lived out most of our lives in freedom.

I remember when driving licenses did not have photos and most certainly not fingerprints. A driving license was issued on proof of birth date alone.

Prior to the appearance of automobiles IDs did not exist in democratic nations. You were who you said you were.

The intrusive questions that accost us every day, even when doing something simple as reporting a telephone or Internet connection being out or inquiring about a credit card charge, were impermissible. I remember when you could telephone a utility company, for example, have the telephone answered no later than the third ring with a real person on the line who could clear up the problem in a few minutes without having to know your Social Security number and your mother’s maiden name. Today, after half an hour with robot voices asking intrusive questions you might finally get a real person somewhere in Asia who is controlled by such a tight system of rules that the person is, in effect, a robot. The person is not permitted to use any judgment or discretion and you listen to advertisements for another half hour while you wait for a supervisor who promises to have the matter looked into.

The minute you go online, you are subject to collection of information about yourself. You don’t even know it is being collected.

According to reports, soon our stoves, refrigerators, and microwave ovens will be reporting on us. The new cars already do.

When privacy disappears, there are no private persons. So what do people become? They become Big Brother’s subjects.

We are at that point now.

This interview witth Julian Assange is worth the 53 minutes: https://www.rt.com/news/438968-assange-last-interview-blackout/




This generation being born now… is the last free generation. You are born and either immediately or within say a year you are known globally. Your identity in one form or another –coming as a result of your idiotic parents plastering your name and photos all over Facebook or as a result of insurance applications or passport applications– is known to all major world powers.

Think about Assange for a minute. He has done nothing wrong. There are no charges against him. All charges have been dismissed. But he cannot walk out of the Ecuadoran Embassy in London without being seized by the British police and handed over to Washington whose prosecutorial apparatus intends to prosecute Assange for treason although he is not a US citizen but an Australian and Ecuadoran citizen.

What did Assange do? Nothing but practice journalism. His problem, his only problem, is that his journalism embarrassed Washington, and Washington intends revenge.

Law is nowhere in the picture. The UK is breaking all known laws including its own by the forced detention of Assange in the Ecuadoran Embassy.

The US in its determination to get Assange has no law whatsoever on which to stand. It only has raw unbridled power that can operate without law.

In other words, the Anglo-American world is totally lawless. Yet the Russian government holds firmly to its delusion that the US and Britain are countries with which agreementts can be made.

The digital world makes Big Brother’s Memory Hole possible. No need to burn books. Just push a button and information disappears.

As I write Google, Facebook, Twitter, Amazon, Apple, and so forth are all making non-approved information disappear.

In a digital world, not only can our identities be stolen—indeed, it can be stolen multiple times so that there are many of you at the same time—but we can also be erased. Poof—push a button and there you go. This makes murder easy. You never existed.

As I said before and will say again, the digital world and artificial intelligence are a far worse disaster for mankind than ever was the Black Plague. All the smart people busy at work creating the new world are destroying the human race.


Contributed by Paul Craig Roberts of paulcraigroberts.org

Paul Craig Roberts has had careers in scholarship and academia, journalism, public service, and business. He is chairman of The Institute for Political Economy.


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By Michael Snyder | The Economic Collapse | Sept. 21, 2018

The primary reason why stock prices have been soaring in recent months is because corporations have been buying back their own stock at an unprecedented pace.  In fact, the pace of stock buybacks is nearly double what it was at this time last year.  According to Goldman Sachs, S&P 500 companies spent 384 billion dollars buying back stock during the first half of 2018.  That is an absolutely astounding number.  And in many cases, corporations are going deep into debt in order to do this.  Of course this is going to push up stock prices, but corporate America will not be able to inflate this bubble indefinitely.  At some point a credit crunch will come, and the pace of stock buybacks will fall precipitously.

Prior to 1982, corporations were not permitted to go into the market and buy back stock.

The reason for this is obvious – stock buybacks are a really easy way for corporations to manipulate stock prices.

But these days it is expected that most large corporations will engage in this practice.  Large stockholders love to see the price of the stock go up, and they are never going to complain when smaller shareholders are bought out and their share of the company is increased.  And corporate executives love buybacks because so much of their compensation often involves stock options or bonuses related to key metrics such as earnings per share.

So in the end, stock buybacks are often all about greed.  It is a way to funnel money to those at the very top of the pyramid, and those stock market gains are taxed at capital gains rates which are much lower than the rates on normal income.

Normally, you would expect successful companies to invest most of their available cash back into operations so that they can make even more money in the future.  And for 19 of the past 20 years, corporations have spent more on capital investments than anything else.  But now, share buybacks have actually surpassed capital spending.  The following comes from CNN

But that doesn’t mean companies aren’t spending on job-creating investments, like new equipment, research projects and factories. Business spending is up 19% — it’s just that buybacks are growing much faster.

In fact, Goldman Sachs said that buybacks are garnering the largest share of cash spending by S&P 500 firms. It’s a milestone because capital spending had represented the single largest use of cash by corporations in 19 of the past 20 years.

And this trend seems to be accelerating during the second half of 2018.  It is being projected that firms will spend more than 600 billion dollars on stock buybacks during the second half of this year, and that will bring the grand total for 2018 to more than a trillion dollars

And the trend may not be done yet. Goldman Sachs predicted that share buyback authorizations among all US companies in all of 2018 will surpass $1 trillion for the first time ever.

Wow.

Wouldn’t it be nice if we had more than a trillion dollars that we could put toward reducing the national debt?

This is the reason why stocks hit another new all-time record high this week.  Stock buybacks have reached absolutely insane levels, and what we are witnessing is essentially a giant orgy of greed.

To give you some perspective, the previous annual record for stock buybacks was just 589 billion dollars in 2007.

This year, we may come close to doubling the previous record.

And let us not forget that the year after 2007 was the worst financial crisis since the Great Depression.

So what corporations are the worst offenders?  Here is more from CNN

Apple (AAPL) alone spent a whopping $45 billion on buybacks during the first half of 2018, triple what it did during the same time period last year, the firm said. That included a record-shattering sum during the first quarter.

Amgen (AMGN), Cisco (CSCO), AbbVie (ABBV) and Oracle (ORCL) have also showered investors with big boosts to their buyback programs.

As I noted earlier, corporate insiders greatly benefit from stock buybacks, and they took advantage of massively inflated stock prices by selling off $10.3 billion worth of their shares during the month of August.

Inflating your stock price by cannibalizing your own shares is not a good long-term strategy for any corporation, but without a doubt it is making a lot of people very wealthy.

But in the process, the size of the stock market as a whole has been steadily shrinking.  In fact, the number of shares on the S&P 500 has fallen by almost 8 percent since the beginning of 2011…

According to Ed Yardeni, the number of S&P 500 shares has shrunk by 7.7% since the start of 2011. This tends to increase the earnings per remaining share and the dividends available per remaining share.

This is yet another example that shows why the stock market has become completely disconnected from economic reality.  Wall Street is inhabited by con men that are promoting Ponzi scheme after Ponzi scheme, and it is only a matter of time before the entire system collapses under its own weight.

But for now, the euphoria on Wall Street continues as stock prices continue to march higher.  Meanwhile, we continue to get more signs of trouble from the real economy.  For instance, this week we learned that the third largest bank in the entire country is going to lay off thousands of workers

Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday.

The bank has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and 26,500 jobs.

Why would they do that if the economy was in good shape?

And globally, the emerging market currency crisis has continued to escalate.  According to one source, more than 80 percent of all global currencies have fallen in value so far this year…

A review of the values of 143 global currencies indicates that so far this year, more than 80 percent have fallen in value.

Another eleven appear to be pegged to the dollar and 13 have risen in value. Of the 13 that have increased in value, only six are up more than 1 percent versus the dollar.

There have been outsized declines in countries like Venezuela (down 99 percent), Argentina (53 percent) and Turkey (38 percent). However, Brazil is down 20 percent, Russia 15 percent, India 11 percent, Sweden 10 percent, and the Philippines 8 percent. Big economies like China are experiencing a 5 percent currency value decline while the Euro is off by 3 percent.

I applaud those that have made lots of money in the stock market, but the party will not last forever.

In 2007 corporations were pouring hundreds of billions of dollars into stock buybacks, and it propped up the market for a time.  But eventually the bubble burst and the crisis of 2008 was so dramatic that it will be remembered forever.

Now we are facing a similar scenario, and it is just a matter of time before this bubble bursts as well.


Contributed by Michael Snyder of TheEconomicCollapseBlog

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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By Tim Brown | Freedom Outpost | Sept. 21, 2018

The US District Court for the District of Colorado has deferred ruling on the constitutionality of unconstitutional regulations imposed by Boulder Colorado’s City Council.  In doing so, they have opened the door to tyrannical gun bans.

Back in May, a court decision set things in motion.

The city talked about banning certain weapons, not only a really stupid idea, but an unlawful one.  They also discussed how they might limit what weapons law-abiding citizens would be permitted to purchase, and what kinds of ammunition they could obtain.

Among the weapons that were banned were some of the most commonly used guns in the US.

According to Mountain States Legal Foundation:

In a decision issued yesterday, the U.S. District Court for the District of Colorado refrained from vindicating the constitutionally protected rights of Boulder residents.

In May of this year, the City of Boulder enacted an array of unconstitutional firearm and magazine regulations. Yesterday, the court deferred to the State of Colorado court system to determine whether the city had the authority to enact its new regulations in the first place.

“While we will always support the principle of federalism, this decision forces the people of Boulder to wait to vindicate their rights under the U.S. Constitution,” said Cody J. Wisniewski, of Mountain States Legal Foundation, the lead attorney on the case.

Boulder city council members voted unanimously to ban some of the most commonly used firearms and magazines in the United States. Council members also raised the age of legal gun ownership in the city from 18 to 21.

Boulder resident Jon Caldara, a plaintiff in the lawsuit who seeks to have Boulder’s ordinance overturned, is a vocal opponent of the City of Boulder’s discrimination against firearm owners.

“I have lived in Boulder since 1984,” Mr. Caldara said. “I believe we need to hold Boulder to its own standards in celebrating diversity and tolerance.”

“This is hate,” Mr. Caldara added, speaking of the city council’s view toward gun owners. “These are elitists who want people like me out of their town.”

Mr. Wisniewski added that the plaintiffs are evaluating their options in the wake of yesterday’s decision. “We will not give up the fight to defend the constitutionally protected rights of the people of Boulder,” he said.

In 2012, Mountain States Legal Foundation, on behalf of its clients, prevailed in the Colorado Supreme Court in Regents of the University of Colorado v. Students for Concealed Carry on Campus. The Court’s unanimous decision in that case confirmed the right of concealed carry permit holders to possess concealed firearms on the public university’s campus.

Mountain States Legal Foundation, created in 1977, is a nonprofit, public-interest legal foundation dedicated to individual liberty, the right to own and use property, limited and ethical government, and the free enterprise system.  Its offices are in suburban Denver, Colorado.





The right to keep and bear arms is a God-given right that is to be protected by those in government, not infringed on.  Perhaps if the people in Boulder simply carried their weapons with them down to city hall and demanded the Council trash the ban, that might have an impact.  If not, there’s always tossing unlawful and criminal representatives out of office.  I’m glad to see that some people are not taking the tyranny sitting down.


Contributed by Tim Brown of Freedom Outpost.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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