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Why not a fair and equitable tax?Banks are taxation.Beware :Bad money may be driving good money out…

February 10, 2013

Why not have a fair and equitable tax? One that would raise more revenue, “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
Please, read:
http://bit.ly/MlQWNs
Read what Steve Keen has to say about “credit expansion, von Mises as to what the result of credit expansion could be, William Black has to say about banks and Michael Hudson about compound interest (excerpts are in the article). An explanation of where we went wrong with a solution to how we can fix it.
Challenge it. Improve it. ” ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism.    ****The Way To Eliminate Poverty and Secure Prosperity For All. by justaluckyfool
Summary To lower taxes,you must raise revenue somewhere.
Why would you not want prosperity for yourselves and your children.
Read:  http://bit.ly/MlQWNs
How Obama can place his name in history as one of the greatest not only as president, but also a leader for the betterment of mankind. As Einstein said, “Keep it simple .”
As president Obama said, “(as stated on ” 60 minutes” (12/11/11)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
HE NEEDS ONLY TO DO JUST THAT ! TAXATION, NOT OF INCOME;INSTEAD TAXATION OF ISSUANCE OF MONEY. “Justaluckyfool” (GOOGLE)

Based upon a fools opinion of :

http://archive.org/stream/roleofmoney032861mbp/roleofmoney032861mbp_djvu.txt

“THE ROLE OF MONEY ” -WHAT IT SHOULD BE, CONTRASTED WITH WHAT IT HAS BECOME By FREDERICK SODDY.

If the following is true than the same would be true if the doer were to do this action “for the people” instead of “for the PFPB”.
Private For Profit Banks create sovereign currency ( w/ 10% reserve and may leverage the asset produced to create even more currency).
PFPB as allowed by law may even charge interest on this leveraged printing.
Let’s see what happens if the PFPB were to have $100 trillion in residential and commercial real estate loans outstanding with an average interest rate of 4.75% for 30 years.
This is no challenge for anyones imagination.Based on 10% reserve this would only require $10 trillion in assets and if those assets are leveraged at a low 10 fold than only $1 trillion is actually only needed to “insure the good faith of the currency” and allows the PFPB to make these loans.
WOW as Soddy says, “The scheme is rigged so that for the banks (PFPB) it’s heads we win, tails you lose.”
The PFPB would receive an income of $11 trillion per year for 30 years for a total of $400 trillion.
NO MONEY OF THEIR OWN IS NEEDED!
None, the $1 trillion isn’t even theirs, it belongs to their depositors. It is money they are holding that does not belong to them. But they are “good guys” they will pay out 2% interest to the unknowing people.Say that’s  $2 trillion pay out from the $400 trillion. Now we need to also replace the $100 trillion that we “created ” to make those loans, so we take $100 trillion to pay them off to zero balance.  400 minus 102 equals 298. Yes $298 trillion was raised just like taxes, but raised as a profit for the PFPB.
Maybe P T Barnum didn’t get it right because ‘you can fool all the people all the time’ .
It’s called ‘unintended consequences, innovation, or just a way to use the most powerful force in the universe- compounding.

Why would there be a federal income tax, FICA, if “We the people were to pay interest on our own money as a taxation NOT for the benefit of PFPB but for the benefit of  ” “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

We must take back the rights of sovereignty. We must be the only entity that can “print” our sovereign currency.
Beware, it P T Barnum was wrong about “all the time” then beware of  Gresham Law.
“Bad money will drive good money out of circulation” Has anyone noticed, the absence of ‘cash’.
It may be “electronic acceptance only” sooner than you think.

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