The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

Most people just assume that since things have always been a certain way that they will always be that way in the future.  Most people just have blind faith that the people running our government and our financial system know exactly what they are doing and that they are doing their best to take care of us.  In fact, once upon a time I was fully convinced of that.  When I was a kid I quickly realized that my elementary school teachers really didn't have the answers, but I had total faith that those running society at the highest levels were "experts" that were looking out for our best interests.  As time went on I kept progressing in my education, and by the time I was finished with law school I came to understand that none of our "experts" really know what they are doing, and they are definitely not looking out for our best interests.  The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes.  Unfortunately, most Americans will repeat the mantra of "if that was true I would have heard about it on the news" until it is way too late.  Most people are waiting for the "authorities" to tell them what to do instead of thinking for themselves.  Sadly, time is rapidly running out and a lot of people are going to end up getting totally blindsided by what is coming.

The man in charge of our financial system, Federal Reserve Chairman Ben Bernanke, is not going to save our economy.  He didn't see the last financial crisis coming, and even after things started falling apart he continued to insist that housing prices would not go down and that we would not have a recession.

Well, it turned out that we had the worst housing crash and the worst recession since the Great Depression of the 1930s.

But still millions of Americans are trusting him to save us this time around.

It isn't going to happen.

The truth is that the design of the Federal Reserve system itself is fundamentally flawed.

The biggest reason why the U.S. government is 16 trillion dollars in debt is because the system is designed to create gigantic amounts of government debt.

Yes, without a doubt the vast majority of our politicians are corrupt and/or incompetent, but even if we replaced every single one of them our economic problems would still persist until the underlying structural problems were addressed.

Most Americans are pinning their hopes for an economic turnaround on the upcoming election, but the truth is that neither Obama or Romney has a plan that will fix things.  That statement is going to upset a lot of people on both sides of the political spectrum, but it is true.

Over the past 40 years the total amount of all debt in the United States has gone from less than 2 trillion dollars to almost 55 trillion dollars.  This bubble is going to burst no matter which political party is in power.

Obama and the Democrats have tried to kick the can down the road and extend the party by spending 5.3 trillion borrowed dollars over the past 4 years, but by doing so they have made our long-term problems far worse.

The next wave of the economic crisis is fast approaching and people need to get prepared.

So what do I mean by that?

Well, "preparation" is going to look different for each family, but there are some general principles that apply to almost everyone.

For example, during an economic collapse hard assets are preferable to paper assets.

Also, during an economic collapse necessities become much more important and luxuries become much less important.

For many more tips, please see this article.

For the moment, I want to focus on some of the really bad things that could happen to you if you choose not to prepare for the coming economic collapse....

You Could Find Yourself On The Wrong End Of A Banking Crisis

During a major financial crisis the banking world can change very rapidly.

You could wake up one day and discover that the bank holding all of your money has failed.

You could wake up one day and discover that because Ben Bernanke has printed trillions upon trillions of new dollars to "fix" the financial system your life savings have been devalued by 50 percent.

You could wake up one day and discover that your bank account has been converted over to a new currency that is worth far less than the one you thought you were holding.

Such a scenario may sound unthinkable in the United States (at least for now), but this is the kind of thing that millions of Europeans are extremely worried about right now.

Just check out what is happening in Spain....

After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks.

“The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.”

During the month of July alone, 94 billion dollars was pulled out of the Spanish banking system.

So that means that the equivalent of 7 percent of Spain's GDP was withdrawn from Spanish banks during July.

That is a full-blown bank run, and Spain's problems are just getting started.

Eventually these kinds of problems will show up in the United States as well.

You Could End Up Losing All Of Your Investments

But at least U.S. bank accounts are federally insured (for whatever that is worth).

When it comes to investments, you better be very sure that the firms you have your money with are not going to collapse on you.

For example, many of you have already heard about how Gerald Celente had losses in the six figure range when MF Global went bankrupt.  He has been warning about the coming economic collapse for years and he still got victimized.  The following is what he told one interviewer about what he learned from this incident....

"What's the take away from this?  It's to make sure you have every penny in your pocket.  Because just like MF (Global), screwed everybody else. Your also gonna get the shaft, I don't care who it is.  What's gonna happen when you get a message from your brokerage, from Fidelity or somebody... yeah infidelity.  Or how about Raymond James, I don't care who they are!  You have ETFs?  Oh, there's a little error over here, we don't have your money.  We don't have your positions."
"I went to a meeting... and the speaker said ETFs of GLD are supposed to be held by HSBC in a vault in Hong Kong or England some place, and HSBC, this guy said, is the biggest shorter of gold.  Well you figure it out!  They are the ones that are holding it and they're shorting it?  So the takeaway is to make sure you have every penny in your possession."

If the funds that you are relying on for your financial future are being held by a brokerage or by an insurance company the truth is that you could potentially lose every single penny during the coming collapse.

The financial institution that you are depending on could suddenly go "poof" and your money could be gone just like that.

Recent legal rulings have made brokerage accounts much more vulnerable.  Jim Willie explained why this is true in a recent article....

The critical jump might occur in account thefts from futures brokerage to stock brokerage, which began in November 2011 with MFGlobal, then appeared in July with Peregrine Financial Group (PFG-Best). All private accounts from MFG and PFG have been pilfered, with a blessing of the theft by the courts, seen in the Sentinel Mgmt Group ruling. The federal Appellate court’s August ruling (CLICK HERE) sets precedent for future private segregated account thefts, which were once considered sacred and untouchable. No more in the United States, not in the unfolding of criminality that stretches from USGovt offices to top corporate offices, with blessings sprinkled by the courts. The jump would be a major extension of the Fascist Business Model that nobody talks about. The major financial firms can rely upon this appellate court ruling as precedent, so as to protect their legal right to re-hypothecate client funds in their high risk leveraged positions and loans. It sure would be nice to use my neighbor’s house and car to firm up my casino weekends. Stay tuned to the ongoing Morgan Stanley implosion, which could force the vanishing act of 50 to  100 thousand private stock accounts. The firm is the largest stock brokerage firm in the land. The dreadful impact will be nasty and might awaken the US masses. MFGlobal and PFG-Best surely did not.

Your financial advisers will swear up and down that your investments are safe.

But look at what happened to the clients of MF Global and PFG-Best.

Their investments disappeared like dust in the wind.

This isn't meant to scare you.  It is just important that you understand that the landscape has totally changed.

You Could Lose Your House

During the last recession, millions of Americans lost their homes.

Some of them had poured hundreds of thousands of dollars into their homes and they lost it all.

Why did this happen?

Well, the number one reason is because so many American families are living on the edge.  They purchased homes that they could not afford and they just kept living paycheck to paycheck as if nothing bad would ever happen.

But when many of those people lost their jobs, suddenly they could not make their mortgage payments and they lost their homes as well.

Sadly, we appear not to have learned much.

Today, 77 percent of all Americans are living paycheck to paycheck at least some of the time.

You Could Lose Access To Electricity

Why don't more Americans have a backup source of power?

Most Americans are totally dependent on the grid, and that works well until the grid goes down.

Just look at what is happening down in Louisiana.  The hurricane that just roared through was not even that strong, and yet more than 100,000 people are still without power.

The following is from a recent Huffington Post article....

Tens of thousands of customers remained in the dark Monday in Louisiana and Mississippi, nearly a week after Isaac inundated the Gulf Coast with a deluge that still has some low-lying areas under water.

Most of those were in Louisiana, where utilities reported more than 100,000 people without power. Thousands also were without power in Mississippi and Arkansas.

So what would you do if there was a major national crisis of some sort and the grid went down for an extended period of time during the winter?

When Thieves Get Desperate They Will Steal Just About Anything

Over and over it has been proven that when people cannot feed their families they will steal to get what they need.

When things hit the fan here in the United States, we will see widespread looting and robbing.  In fact, we are already seeing it happen in Europe.  Just check out what is happening in Spain right now....

Unemployed fieldworkers and other members of the union went to two supermarkets, one in Ecija (Sevilla) and one in Arcos de la Frontera (Cadiz) and loaded up trolleys with basic necessities. They said that the people were being expropriated and they planned to “expropriate the expropriators”.

The foodstuffs, including milk, sugar, chickpeas, pasta and rice, have been given to charities to distribute, who say they are unable to cope with all the requests for help they receive. Unemployment in the Sierra de Cadiz is now 40%.

And already crime is rising in many areas of the United States.  In some communities thieves are stealing just about anything that is not bolted down.

Just recently, 49 cows that were stolen from a farm in Massachusetts were discovered at an auction in Pennsylvania.

Who would be desperate enough to steal cows?

In other areas of the country thieves are stealing air conditioning units from churches and they are stripping copper wiring out of city street lights.

Are you prepared to defend your property when desperate thieves come knocking?

Shortages Can Happen

During an economic collapse shortages can happen very rapidly.  Thanks to the popularity of the "just in time inventory" philosophy, most stores do not have much stuff sitting around in their back rooms.  When things go bad, you may not be able to get the things that you need.

Just look at what is happening in Greece.  Right now, medicine shortages have become a major problem.  The following is from a recent Bloomberg article....

Mina Mavrou, who runs a pharmacy in a middle-class Athens suburb, spends hours each day pleading with drugmakers, wholesalers and colleagues to hunt down medicines for clients. Life-saving drugs such as Sanofi (SAN)’s blood-thinner Clexane and GlaxoSmithKline Plc (GSK)’s asthma inhaler Flixotide often appear as lines of crimson data on pharmacists’ computer screens, meaning the products aren’t in stock or that pharmacists can’t order as many units as they need.

“When we see red, we want to cry,” Mavrou said. “The situation is worsening day by day.”

The 12,000 pharmacies that dot almost every street corner in Greek cities are the damaged capillaries of a complex system for getting treatment to patients. The Panhellenic Association of Pharmacists reports shortages of almost half the country’s 500 most-used medicines. Even when drugs are available, pharmacists often must foot the bill up front, or patients simply do without.

You Could End Up Dependent On The Government

Don't think that it can't happen.

Today, 46.7 million Americans are on food stamps and more than half of all Americans are at least partially financially dependent on the U.S. government.

That may be hard to believe, but it is actually true.

During the month of June, the number of Americans added to the food stamp rolls was three times greater than the number of jobs added to the economy.

What a great "recovery", eh?

If you do not work very hard to prepare for what is ahead right now, you could also end up dependent on the government.

You Could Lose Your Life

Whenever there is a major economic crisis there is a spike in suicides.

And these days Americans are more wrapped up in materialism than ever before.  When the coming crisis strikes there are going to be millions upon millions of extremely depressed people.

Suicide is about the most stupid thing that you can possibly do, but when people lose all hope of things turning around a lot of them are going to take their own lives.

It is foolish beyond belief, but a lot of people are going to make that choice.  We are already seeing a significant spike in suicides over in Europe due to the economy.  The following is from a recent CNBC article....

A growing number of global and European health bodies are warning that the introduction and intensification of austerity measures has led to a sharp rise in mental health problems with suicide rates, alcohol abuse and requests for anti-depressants increasing as people struggle with the psychological cost of living through a European-wide recession.

“No one should be surprised that factors such as unemployment, debt and relationship breakdowns can cause bouts of mental illness and may push people who are already vulnerable to take their own lives,” Richard Colwill, of the British mental health charity Sane, told CNBC.

“There does appear to be a connection between unemployment rates and suicide for example,” he said, referring to a recent study in the British Medical Journal that stated that more than 1,000 people in the U.K. may have killed themselves because of the impacts of the recession. “This research reflects other work showing similar rises in suicides across Europe.”

This is why I stress that preparation is not just about physical things like money and food.

We all need to get mentally, emotionally and spiritually prepared for what is ahead.

If we understand what is happening and we come up with a plan to go through it, we will be in far, far better position to endure the coming crisis than people that are totally blindsided by it.

A recent article on shtfplan.com entitled "How Horrific Will It Be For The Non-Prepper" explored some of these ideas more fully.  I encourage people to go check it out.

For the moment, most people will just go on with their lives as if nothing is wrong because times are still quite good.

But time is running out.  In fact, we might not have much time left at all before the next major downturn.

A recent CNBC article entitled "It's Coming: One Pro Sees Big Stock Selloff in 10 Days" detailed how some analysts are warning of a major stock market decline later this month....

An equity strategist for Goldman Sachs is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.

The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.

September may turn out to be a bad month for stocks or it might end up being just fine.

But one thing is for sure.

Time is running out.

Are you ready?

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  • markus wallett

    Who knows how this economic slow-death will pan out? The patient, on its knees, may be revived for another decade or two yet. It’s always wise to be prepared — hedging with silver and gold, buying some non-perishable food — but to base the rest of your days living in fear of something that may or may not happen is sheer lunacy itself. We’re all dead people walking anyway, with a time limit on this earth.

  • http://theeconomiccollpseblog Verdugo

    A great manual to acquire is Army Field Manual FM 21-76 free on the internet

  • http://n/a garrett

    Gerald Celente of Trends Forcaster, has been very accurate in his heavily studied predictions. I heard him mention that this September if Germany does not play ball with the banks in regard to buying bonds, the global financial scene may take a major bump…Peter Schiff is a good one who explains the rub, out of control fiscal cliff etc.

  • James

    The “Firefox” book series of doing things the “Old” way are great. I have the first 10 and I think they have made 10 more? Who knows if we get knocked back to Civil War Days or Colonial times?

  • miss edna

    I had lots of books and then a tornado destroyed them all and all of my prep stuff didn’t help one iota.

    • Rachael

      Oh I’m sorry Miss edna… Geez. I don’t know where you live, but I certainly hope you were surrounded by Christian help to re start again. May God bless you!

  • Harvey Hanna
  • Rachael

    Do you know what would save this nation from the bottom up? Read Deuteronomy 15:1 “At the end of every seventh year you are to cancel the debts of those who owe you money.”

    Deuteronomy 15:9
    Do not refuse to lend them something, just because the year when debts are canceled is near. Do not let such an evil thought enter your mind. If you refuse to make the loan, they will cry out to the LORD against you, and you will be held guilty.

    Think about it…the common man’s bank debts are cancelled, the bank’s own debts are cancelled from the Central Banks, and the Central banks debts are cancelled. The government debts are cancelled as well. Everyone who owes everyone now owes no one. Businesses could go back to hiring, making goods, people could work and purchase goods, New businesses could be established. Taxes could be paid freely, etc. And if we would DARE learn from experience, we would lead more cautious lives, borrowing less and within our means to pay back in 7 years all in good faith lending and repaying.

    But, alas, greed has taken us over. Satan’s workshop, this world of ours. That answer is too simple and nobody gets rich and powerful that way. Tsk, tsk. I thank God that He is in control and will lead this world where HE wants it to go for HIS purpose and I’m here to be directed by him as to what He wants me to do. Meanwhile, since I can’t EAT money, I will put mine in durable goods and food that I’m gonna need for when the SHTF! :)

  • Washington
  • Jane

    I’ve already spent some of my years, long ago to be sure, but living quite primtively. Outhouse, kerosene lamps, pitcher pump in the kitchen, lovely copper bathtub, fresh milk from two cows,eggs and chieken fricasee every Sunday, (Yuck) whooping cough with a honey and peppermint mix for comfort, work horses, making hay, jumping down from the loft to the bow in the barn. Who could complain? I was 6!

  • NW Prepper

    I see so much about prepping on this site, and others, but I think we are missing the point. The point of prepping is to be prepared. Having 5 years of canned chili isn’t going to save you or your family. If you cannot survive on a daily basis without depending on society, you are in a world of hurt. And you won’t be able to take the whole basement with you if you have to leave the area.
    Hunting skills, building or maintaining a shelter, physical stamina, finding wild vegetables and fruits, growing a small garden, cutting firewood to keep your family warm..these are things the prepper covers first.
    There are a lot of us that are surviving on these skills as we speak. Not because we want to, but because we HAVE to. The ccollapse is already in action, and like a wave – it is moving throughout America. If you had money before, you will be okay for a while yet. If you are/were living paycheck to paycheck..welcome to the plan..you are not alone.

  • Joe

    Wow, not one word about how the republicans went from a surplus to a deficits. How paul Ryan voted for 2 unpaid for wars and drug program. When republicons were in charge they side deficits do NOT matter, as they gave unpaid for tax cuts to the wealthy, and raised the debt ceiling 7 times in 8 years.. And what did we get after 8 years of tax cuts. Not one private sector job was created. We had negative private sector job growth total in 8 years. Tax cuts for the rich do NOT WORK, wake up the billionaires (1%) play you guys like a fiddle.

    • http://twitter.com/jimdep jimmy d

      You are an utter and complete moron!!!!!

  • xiou

    it is funny, you people have put the world in to poverty and that was kool. we chinese have suffered poverty for decades now its our turn to have fun. being white doesnot make you superior humans! watch “confessions of a economic hitman” and you’ll know why you were so rich and the rest of the world was so poor. wat goes around comes around. all men equal! US isnt collapsing the earth is balancing its self. us=bully corporation vs rest of the world=innocent people, ur dirty game back fired

    • Becky

      Dear xiou,

      I do believe you are right. I am so sorry about what your country has suffered. The U.S. will definately find out what other countries have been going through. I pray that God blesses you and just know all Americans are not bad. God help us all.

      Sincerely,

      Rebecca Swanson from Tennessee

  • http://www.johnpaine234.com John Paine

    I think the US economy will recover in a few years and people will prosper again like in the 1980s under Mitt romney. He is smart an will have ways to fix the economy. I think we are just going through hard times temporarily and I think the tea party will lead us to a better world. I think the people thinking the economy is bad are psychotic and will be wrong for sure.

    I love america. I love Walmart, Target, McDonald and KFC.

    I think the politicians and CEOs have good heart and will go out of their ways to help the poor and needy.

    I don’t think the CEOs are doing their job for the money, the money is just a fair compensation of what they have contribute to the company. I don’t think they even get fair compensation. How can you put a price on their pay when they are out there creating jobs and making sure that average americans are enjoying their living. They are NOT doing for the money, they are doing it for the people and people only. They are the true crusaders of our time. I think most will do their job if they get minimal wages. Saying “free market” is just their way of saying, ‘i want a free market to freely help the poor’

    Just my 2 cents.

    • Enrique Hui

      Don’t fool yourself. With Obama back in office, we’re going even farther into debt and since when did anyone work for the good of the people, of course everyone’s in it for the money.

  • Steve

    Mention the Federal Reserve (FED) and most people, including Americans, will think that you are talking about the financial arm of the US government.

    That assumption, however, would be well off the mark.

    The Federal Reserve is in fact a private company.

    Many Americans also believe that the FED is part of their Constitution.

    UNCONSTITUTIONAL
    However, that assumption is also far from true. In fact, Article 1, Section 8 of the United States Constitution actually outlawed such an entity from ever existing -

    ‘only Congress shall have the power to create money and regulate the value thereof’.

    In stark contrast to this statement, the Federal Reserve Bank is owned and run by private individuals and international bankers.

    These international bankers have the power, through the United States Treasury, to print money by simply adding ink to worthless pieces of paper.

    What is more, they also control it’s value and even loan it to the US’ and other governments around the world, charging interest for the privilege.

    This ability affords the Federal Reserve huge amounts of power, despite the fact that their very existence violates the US Constitution.

    With that in mind is the Federal Reserve the greatest, and most overt, financial crime of all time?

    BRIEF HISTORY
    The Federal Reserve was originally begun with approximately 300 individuals and banks backing it.

    Each bought a number of shares at a cost of $100 each.

    As these shares are never publicly traded one can only wonder how much each is worth today!

    Collectively, the shareholders in the Federal Reserve make up the strongest financial cartel in history.

    Each year the Federal Reserve collects billions of dollars in interest payments alone, distributing the profit between it’s members.

    The Federal Reserve is allowed to print as much money as it chooses yet pays no interest, fees or charges to the US government.

    This ability to literally print as much money as it wants was bestowed upon the FED in 1913, despite it being quite illegal.

    MANIPULATION OF INFLATION AND INTEREST RATES

    The FED creates money and then lends it to individual, companies and governments throughout the world.

    Through the banking sector they then turn a huge profit by charging interest on these loans.

    The basic tenants of supply and demand dictate that the endless printing of new bank notes will cause inflationary pressures.

    This means that the FED could manipulate the money flow in order to drive up inflation and therefore interest rates.

    Any other organisation with that sort of power would be under constant surveillance in order to ensure that it wasn’t abusing it’s power in order to commit fraud.

    In stark contrast, the FED’s dealings are often concluded behind closed doors and with little to no supervision.

    THE FEDERAL RESERVE ACT

    Back in 1913 there had been many failed attempts to get the Federal Reserve Act through Congress.

    At this point in time the bankers elected to fund Woodrow Wilson’s attempt to gain the presidency of the United Sates, in return for his continuing support of the FED.

    Just before Christmas that year, when most other Senators were away on holidays, one Nelson Alrich managed to get the Federal Reserve Act through with little resistance.

    Nelson Aldrich, incidentally, was a grandfather to the Rockefellers.

    After his election to the Presidency Woodrow Wilson passed the Federal Reserve Act, only to later comment, “I have unwittingly ruined my country”.

    There are a great many commentators who believe that US presidential candidates are now carefully selected and funded by the FED, so that they can guarantee that every new president will be sympathetic to their cause.

    WHO ARE THE CURRENT OWNERS OF THE FEDERAL RESERVE?

    Whilst there may still be some smaller shareholders in the FED, it is believed that the Federal Reserve is owned and controlled primarily by the following Central banks -

    1.  Rothschild Bank of London
    2.  Warburg Bank of Hamburg
    3.  Chase Manhattan Bank of New York
    4.  Warburg Bank of Amsterdam
    5.  Rothschild Bank of Berlin
    6.  Lehman Brothers of New York
    7.  Lazard Brothers of Paris
    8.  Kuhn Loeb Bank of New York
    9.  Goldman Sachs of New York
    10. Israel Moses Seif Banks of Italy

    EXECUTIVE ORDER 11110

    On June the 4th 1963 one brave man attempted to remedy the situation by stripping the Federal Reserve Bank of its power to loan money to the government at interest.

    President John F. Kennedy signed an Executive Order – No. 11110 – that instantly gave the U.S. government the right to issue currency without going through the Federal Reserve.

    This was achieved by granting the Treasury the power ‘to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.’

    In other words, for every ounce of silver held in the U.S. Treasury’s vault, the government could print a certain, and limited, amount of new money.

    Under Executive Order 11110, Kennedy was responsible for introducing around $4.3 billion of notes into circulation.

    CONSEQUENCES

    Executive Order 11110 could have been a hugely significant turning point in U.S. history.

    In an instant President Kennedy almost consigned the Federal Reserve Bank to oblivion.

    If  silver certificates had continued to be issued then there would soon have been a total lack of demand for Federal Reserve notes as the former were backed by silver and the latter backed by absolutely nothing at all.

    Executive Order 11110 had the potential to slash national debt as no interest would be payable.

    Eventually the government would have repaid all it owed to the Federal Reserve and at that point the Bank would have ceased to serve any kind of useful function.

    ASSASSINATION

    Just 5 months later and President Kennedy was assassinated in Dallas in what many believe was a grand conspiracy.

    Could Executive Order 11110 have cost Kennedy his life?

    After all, the Executive Order has never repealed by any subsequent U.S. President and could be enacted at any time.

    Why hasn’t any President followed Kennedy’s lead in returning to a monetary system backed by silver?

    Perhaps JFK’s assassination sent out a message that was well understood by his successors?

    Your income is taxed to pay the the Federal Reserve what they charge for printing money that is illegal and unconstitutional in the first place!

    Income taxes are unconstitutional
    Originally income taxes were illegal because the Constitution required all taxes to be apportioned among the states proportional to their populations, not their incomes.
    The 16th Amendment, which permits federal income taxes, was not ratified in the same language by three fourths of the United States as required by Article V of the Constitution and is therefore invalid. The approved wording was different in different states and therefore they ratified different amendments! (“Is Income Tax Un-American and Illegal?”, July and August, 1993, pp. 14-16).
    The courts refuse to cast down the 16th Amendment even though it was not legally ratified.

    The Federal Reserve is also a monopoly–in a country where monopolies are supposed to be illegal.  The IRS deposits people’s income tax checks directly in the Federal Reserve banks–not in the united States Treasury.  Therefore, the IRS, an unconstitutional entity, is merely the collection agency for the international banksters.  Over the years the IRS has become a tool of the elite banking families to financially attack and/or imprison people who expose the Federal Reserve.  It is also a tool used by the D.C. elite to attack people who expose government corruption.

  • Bailey

    I am one of the people on government assistance I get food assistance (EBT) and medical (Quest), but I noticed I am smartmer than most of the people I see who are on EBT in the store shopping for groceries… I stockpile, use coupons w/sales and only at the end of the month if I have enough left I buy fun foods (soda, candy, chips, cookies, etc…) I do this to stockpile because I know the economic situation will be getting worse it is just a matter of time… While other EBT users just buy junk food or frozen foods for dinner I make dinner by hand and only but frozen foods when the members of my household would be coming home late that cooking dinner does not make sense, so if you are on EBT you can stockpile I usually buy 2-10 of the same item to stockpile for my emergency stash of food items…

  • Mike

    Can the government loot our bank account in a time of crises?

  • Jon

    Here we have a system that requires infinite resources to maintain past performance, but in reality has only finite resources at it’s disposal. The sustainability of the current system cannot happen, but not all of that is bad as there is a lot of bad in the current system. Put wisdom on your side. Prepare yourself mentally and spiritually. Put your trust in God, as only those who find Him will find peace during these times.

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