The Federal Reserve Fraud

[Ivysaur]

The current income tax doesn't do anything to help the economy. Please see the Grace Commission. It was studyed during the Reagan Administration.

Okay. Go protest. Go elect politicians that promise to use the income tax on helpful matters or to abolish it. But it is a tax imposed legally, therefore you have to pay it. Period.

The Grace Comission studied inefficiency in Government spending, not whether taxes were useful or not, and badly miscalculated the expected US debt in the year 2000 by the measure of trillions.

https://en.wikipedia.org/wiki/The_Grace_Commission

The Federal Reserve is NOT part of the government, it is a PRIVATE BANK.

It's a "private" bank whose governors are nominated by the President of the US and approved by the US Senate and whose policy is set and reviewed by the US Congress. So yes, the Government has a say on what it does.

They LOAN our government the currency and the 'fees' imposed by the Reserve is more then we can pay back.

That's a lie. First of all, the 'fees' are returned by the Fed to the US Treasury, so of course they can be paid. In fact, the US Treasury SAVES money this way as they aren't really paying interest on loans taken from the Fed because the Fed is ultimately going to give them that money back, therefore the Treasury spends 0 in interest.

And 0 is a very easily payable amount.

"After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury."

https://www.federalreserve.gov/faqs/about_12799.htm

Also, quoting myself:

Well, the US found a way to cheat the system: they print the money... but take it AS A LOAN. As if the Fed was just an investor. They use the money to pay for whatever they need it, and then they pay it back to the Fed the following years, which then proceeds to take it out of circulation. In the end, the billions printed by the Fed are used without increasing the amount of money in circulation, because those dollars are not left circulating around, but rather destroyed later. In other words, by having the Fed give money to the US Government AS A LOAN, they get to use the money-printing machine as much as they want without creating inflation! And the interest payments on Fed loans go back to the US Treasury so they even save money.

If it was the Treasury coining the money, THERE WOULD BE NO DEBT because there is no interest and if any debt was accumulated elsewhere, it could be paid off within the generation.

But the Fed doesn't take any interest either because it sends it back to the Treasury! And if the Treasury just printed money without loaning it to itself, inflation would skyrocket. Is that what you want? Do you have any clue of how monetary policy works?

The reason why the government is still the way it is is because of the foreign interest aka the private bankers are paying off politicians to keep it this way.

[citation needed]

We, as the citizens of our home state, are the beneficiary of the contract. It works in the favor of the citizen, not the government.

It works both ways. The law is designed to protect citizens from abuses from the power, yes, but it's also designed to make sure the Government has the power to enforce fair rules and make sure people follow them.

The laws you speak of are secondary law, which is not enforcable.

Secondary laws are enforceable as long as they are consistent with primary laws. These do, or else the US Supreme Court (which is the body deciding whether they are consistent or not, not you) would have written them off long ago. As long as they remain written, they are fully enforceable, whether you like it or not.

So yes, you have to pay income taxes.

Oh, and don't you have any other source, document, anything to defend your points other than two videos full of inconsistencies, quote mining and outright lies? Please post somethign else so we can debate it too, your videos aren't having much of a success here it seems.

 

[for him.]

The current income tax doesn't do anything to help the economy.

It isn't supposed to... Taxes have to do with the idea of distribution of wealth.... The tax money is given to the government to spend it on things for the community, such as construction projects. This money is also used as part of federal grants for states.

So honestly, I have no idea why your are using income tax to back up your argument, since it is completely unrelated to the topic. >.>