By W. R. McAfee, Sr.
Copyright © by W.R. McAfee. All rights reserved.
People who’ve paid attention to financial events of late are seeing the financial curtain rising on the final act of the greatest theft the world has ever known. It began when:
- (1)America’s treasury vaults were emptied by Wall Street’s thieves and their politically-appointed government confederates, and
- (2) the subsequent start-up of the fed’s money presses to the tune of—What? $20, $25 trillion now that has gone onto the American taxpayer’s tab?
All this to pay for the deliberate financial devastation the bankers caused worldwide by insuring and selling worthless Wall-Street-stamped, genuine Triple AAA-rated derivatives/CDSs/mortgage bundles to the rest of the world; knowing the banks and funds that bought them would be stuck with these ‘moral hazard’ assets; thus placing themselves in vulnerable financial positions; ripe pickings for later takeovers, consolidation, closures.
Did I mention the companies that insured the bundles would also take a bath?
All of this might have been avoided if our elected puppets had not given up America’s Constitutional right to print our own money to English-backed bankers in 1913. Our founders, knowing about the Rothschild banking operations in London—it’s estimated they now control an estimated two-thirds of the world’s money—had deliberately written into our Constitution that congress was the only body authorized to coin [read: print] and issue America’s money.
This fraud was consummated on the American people when the Bank of England’s agents positioned themselves in Washington, bribed Woodrow Wilson who was running for president who subsequently sold his financial soul to these money changers in exchange for them financing his campaign and guaranteeing him the office. In exchange, they wanted a law signed giving them the right to establish a privately owned “federal” reserve—the Fed— central bank inAmericato sellAmericaits own money.
Wilson agreed, won, and the bankers set up their privately owned federal reserve (central) bank; the name being deceiving to the American public because the federal reserve has nothing to do with the federal government.
But . . . it has everything to do with making billions annually for the small group of banksters that own it.
Wilson knew he’d made a mistake before the died, having written: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Descendants of this same small group of related banking families today own every other central bank on the planet with the exception ofNorth Korea,Cuba, andIran. Like the Fed inAmerica, these central banks are the only banks “authorized” to print/issue money to the nation in which they’re located. Know what it costs the central bank owners to print the money they sell to the nations, including America? Nothing. Well, ink, paper, and labor. But in the larger scheme, nothing.
Owning and controlling the only printing presses authorized to print money is a racket that enables central bank/treasury/fed rascals to print whatever they need to cover trillion-dollar financial gambling losses for things like derivatives and credit default swaps (CDSs). And when they’re done, they hand this bill to the American—or fill-in-the-country-blank— taxpayer and ride off into the sunset in their limousines.
And the countries—including America—are indebted to these foreign thieves forever for the interest on this money.
When Wilson signed away America’s right to print its own money in 1913, he also signed into law the IRS as collector of the money that pays the interest on the faux money the banksters sell us.
Today, our elected bandits, because of Wilson’s actions, are relegated to pilfering what’s left over after the interest is paid on the trillions owed the English bankers out of citizen sweat equity and other taxes put into the treasury annually. This includes revenue from the:
- Accounts Receivable Tax,
- Building Permit Tax,
- CDLLicense Tax,
- Cigarette Tax,
- Corporate Income Tax,
- Dog License Tax,
- Federal Income Tax,
- Federal Unemployment Tax (FUTA),
- Fishing License Tax,
- Food License Tax,
- Fuel Permit Tax,
- Gasoline Tax,
- Hunting License Tax,
- Inheritance Tax,
- Inventory Tax,
- IRSInterest Charges ( tax on top of tax),
- IRSPenalties (tax on top of tax),
- Liquor Tax,
- Luxury Tax,
- Marriage License Tax,
- Medicare Tax,
- Property Tax,
- Real Estate Tax,
- Service charge taxes,
- Social Security Tax,
- Road Usage Tax (Truckers),
- Sales Taxes,
- Recreational Vehicle Tax,
- School Tax,
- State Income Tax,
- State Unemployment Tax (SUTA),
- Telephone Federal Excise Tax,
- Telephone Federal Universal,
- Service Fee Tax,
- Telephone Federal,
- State and Local Surcharge Tax,
- Telephone Minimum Usage Surcharge Tax,
- Telephone Recurring and Non-recurring Charges Tax,
- Telephone State and Local Tax,
- Telephone Usage Charge Tax,
- Utility Tax,
- Vehicle License Registration Tax,
- Vehicle Sales Tax,
- Watercraft Registration Tax,
- Permit Tax, and a,
- Workers Compensation Tax.
These taxes, and the enormous interest owed on the money sold to America, didn’t exist a century ago. We printed our own money, had no national debt, and the largest middle class in the world at the time.
Assume the most taxes our treasury collects in 2012 is somewhere around $2 trillion.
And assume the same Fed/ Wall Street thieves are still in charge of our treasury with their money presses—having already stiffed us for trillions which can’t be repaid—then what’s the point of paying taxes to these criminals? None of the key perpetrators or their associates have been convicted of theft or fraud. Why throw good money after bad if the treasury is already bankrupt before tax collection begins for 2012?
The Fed/Government can’t raise interest rates on its Treasury bills now because if they did, they would (a) have to pay that interest as it comes due, and (b) buy the low-interest T-bills that holders would immediately want to sell back to the government so they could buy T-bills that paid higher interest rates—provided they wanted to buy more T-bills.
If this happened, no buyer in his right mind would want to buy the government’s low interest T-bills. Consequently, the Fed would have to crank up its monopoly money presses again to purchase the low interest bills back with more hot-off-the-press faux money that would also go onto the American taxpayer’s tab.
If they didn’t redeem the low interest T-bills—or any T-bill, for that matter—it would be a public statement thatAmericais force majeure.
Knowing nations eventually will reach a point where they can’t repay even the interest on their debt, these banksters begin to foreclose on a nations resources—often required as collateral on a nation’s debt as it increases—and they’re sold or looted by bankster-connected front corporations and financial organizations.
Which is what happened to Argentina right after the turn of this century.
This is how the Bank of England and its confederates clandestinely control nations with (a) money printing presses controlled by the central bank in those nations, and (b) the interest on the worthless paper money they sell each nation printed on those presses.
Did I mention the Bank of England is located in a square mile area in the middle of London in a place called The City, which is a country unto itself—answerable to no other nation or the world—with its own laws, flag, and police?
Did I mention these same wonderful folk have been quietly amassing gold of late; which a country must also put up as collateral as well on the interest debt they accumulate with these banksters?
Is this a world of opportunity or what?
- The Great Money Scam …… Robert F. (inquiringminds.cc)
- Miracles of miracles finally the rating agencies are doing their jobs. The caper they pulled in collusion with Wall Street in rating mortgage securities should have put them all in jail for life – Nations Ponder Their Escape From Debt (inquiringminds.cc)
- The Great Global Money Siphoning Machine (ppjg.wordpress.com)
- The Bleak Outlook For 2012: Orchestrated Wars For Banking Interests, Have Severely Damaged The US Economy! (politicalvelcraft.org)
- Monetaray Policy in 2011: Looking Back (wallstreetpit.com)
- Dow Climbs to Highest Since July, Oil Surges on Manufacturing (businessweek.com)
- What Is Money and How Do You Destroy It? (blogs.wsj.com)