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Former Fed chairman: Taxes for revenue are obsolete
Posted By Devvy Kidd On 07/29/2005 @ 1:00 am In Commentary | Comments Disabled
“Give me control over a nation’s currency and I care not who makes its laws.”
– Baron M.A. Rothschild
“Whoever controls the volume of money in any country is master of all its legislation and commerce.
– President James Garfield
Through my various columns I have been attempting to bring the people’s attention to the greatest swindle ever perpetrated upon the American people: the central bank dubbed “The Fed.” If you don’t understand the unconstitutional “Federal Reserve,” please obtain a free copy of my booklet, “Why A Bankrupt America,” because, starting in 1913, the banking cartel took over this country with the worst yet to come.
Since 1913, the American people and this republic have been under assault by the international banking cartel and all their tentacles – it was one of the most destructive years in the history of this republic as far as Congress is concerned. They passed the unconstitutional Federal Reserve Act of 1913. Secretary of State, Philander Chase Knox, declared the non-ratified 16th Amendment ratified to make the American people believe there would now be a personal income tax. He committed fraud.
And, the same year, the final blow came with the announcement that the 17th Amendment was ratified when it clearly was not.
It is absolutely imperative that Americans understand this rather dry subject because the privately owned central bank has been bankrupting this republic (we are not a democracy) since 1913 – and it will continue until you don’t have a dime left in your pocket. Always follow the money trail. Once you understand this money trail and the central bank, then you will know that all these dangerous alternative taxing schemes will only continue to feed the cancer instead of cure it.
In January 1946, American Affairs reprinted a paper delivered to the American Bar Association by Beardsley Ruml, chairman of the Federal Reserve Bank of New York. The title of his paper was “Taxes for Revenue are Obsolete.” Ruml was, of course, right on point. The only reason the shadow government made sure the 16th Amendment was fraudulently ratified was to ensure the international banking cartel would have a mechanism to syphon off the wealth of the American people. The states did not want a direct income tax. Phil Hart is an Idaho state legislator who has written the most amazing book, “Constitutional Income: Do you have any?” based on his collection of hundreds of historical documents which prove this position of the states back in 1913.
Without the central bank, there would be no need for a direct tax, sales tax, flat tax or any other tax. The real problem is that Congress continues to spend beyond those areas so clearly defined in Article 1, Section 8 of the U.S. Constitution and the people have allowed this plunder of the public treasury to go unchallenged for four reasons: (1) blind loyalty to their political party, (2) their Congress-critter brings home unconstitutional “bacon” to their district, (3) lack of knowledge about the hijacking of our monetary system and its relation to an income tax, (4) apathy.
Here’s a little apathy to digest: In 1900, there was no central bank in these United States of America. There was no direct income tax against we the people – our nation was flourishing and prosperous. As specified in the U.S. Constitution, only gold and silver was the lawful coin of the land. As clearly defined by those who birthed this republic, government services were paid for by excise taxes. In 1913, that fateful year, the national debt was $2.9 billion, the income tax was imposed via the fraudulent ratification of the 16th Amendment. Only a half-million Americans were required to pay the 2.7 percent tax (the income tax does not apply to domestic Americans).
In 1933, banking cartel lackey, Franklin Delano Roosevelt unlawfully confiscated gold belonging solely to Americans and devalued the dollar. The national debt began to mush room under FDR’s Nazi style “New Deal.” Then, 1965 saw the debt level skyrocket to $320.9 billion. By 1968, “Federal” Reserve Notes (remember the definition of a note) were no longer redeemable for “lawful money,” so we must assume we’re all using “unlawful money,” which we are!
By the year 2000, the Democrats and Republicans in Congress had spent you into $1.67 trillion dollars worth of debt. As of July 25, 2005, the ocean of unpayable debt was $7,842,069,490,770 – almost $8 trillion dollars. You can watch the debt clock, just don’t do it before you eat lunch.
As a direct result of the unconstitutional “Fed” supported by the best public servants money can buy in Congress since 1913, the debt has increased 232,605 percent. The cost of living has increased by roughly 1,951 percent since 1913. The day of reckoning is rapidly approaching and the train wreck the American people are going to experience will make 1929 look like a mere blip on the economic radar screen.
The only solution is to clean out Congress and get constitutionalists elected who, unlike the cowards in Congress today, are not afraid of the international banking cartel and will abolish the central bank and return to constitutional revenues. The clock is ticking.
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