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They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

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If you have a farm or a small business, would you like to pass it on to your children when you die?  Well, unless Congress does something, it is going to become much, much harder to do that starting next year.  Right now, there is a 5 million dollar estate tax exemption and anything above that is taxed at 35 percent.  But on January 1st, the exemption will go down to 1 million dollars and the tax rate will go up to 55 percent.  A lot of liberals are very excited about this, because they believe that the government will be soaking wealthy people like Warren Buffett and Bill Gates.  But the truth is that a lot of farms, ranches and small businesses will be absolutely devastated by this change in the tax law.  There are many farmers and ranchers out there today that do not make much money but are sitting on tracts of land that are worth millions of dollars.  According to the American Farm Bureau, approximately 97 percent of all farms and ranches in the United States would be subject to the estate tax if the exemption was reduced to just a million dollars.  That means that the children of these farmers and ranchers would be faced with a very cruel choice when it is time to inherit these farms and ranches.  Either they come up with enough money to pay the government about half of what the farm or ranch is worth, or they sell the farm or ranch that may have been in their family for generations.  Needless to say, most farm and ranch families do not have that kind of cash lying around.  Most of them are just barely making it from year to year.  So this change in the tax law is going to greatly accelerate the death of the family farm in America.  This is also going to devastate many family-owned small businesses.  Many small businesses don’t make much money, but they have buildings or land or assets worth millions of dollars.  Children that may have wanted to continue the family legacy will be forced to sell because of the massive tax bill that they get from Uncle Sam.  This is an insidious cruelty, and it shows just how broken our system has become.

The desire to leave the wealth that you have worked so hard to accumulate all your life to your children is something that is common to virtually all human societies.  We want to know that future generations will be taken care of.

It is simply immoral for the federal government to swoop in and tax farms, ranches and small businesses that were intended to be passed down from parents to their children at a 55 percent tax rate.

A lot of the people that are going to be affected by this change are not “wealthy” at all.  A recent Fox News report examined what this change in the law is going to mean for rancher Kevin Kester and his family…

Rancher Kevin Kester works dawn to dusk, drives a 12-year-old pick-up truck and earns less than a typical bureaucrat in Washington D.C., yet the federal government considers him rich enough to pay the estate tax — also known as the “death tax.”

Kester told Fox News that he has no doubt that his ranch will have to be sold when he dies just to pay the tax bill…

“There is no way financially my kids can pay what the IRS is going to demand from them nine months after death and keep this ranch intact for their generation and future generations,” said Kester, of the Bear Valley Ranch in Central California.

Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million.

Reading that should make you angry.  Every single year, thousands upon thousands of farms, ranches and small businesses are going to be lost to the federal tax monster.

It is almost as if the federal government does not want income-producing assets to remain in the hands of the “little guy”.

What in the world are we supposed to do?

It isn’t as if all of those farmers and ranchers can go off to the big cities and find good jobs.  As I wrote about yesterday, our politicians are standing aside as millions of our good jobs are shipped out of the country.

The cold, hard truth is that our system does not work for average Americans any longer.  Those that roll out of bed every morning, work hard and never complain always seem to get the short end of the stick.

The people that are the backbone of America are the ones that the government is always the hardest on.

Unfortunately, we have gotten to a point where the government is searching for more “revenue” from anywhere it can because it desperately needs more money.  U.S. government finances are a complete and total mess and we are drowning in the biggest ocean of debt the world has ever seen.

We are more than 16 trillion dollars in debt and there are more than 100 million Americans that are enrolled in at least one welfare program.

Someday has to pay for all this.

Middle class Americans are already hit with dozens of different taxes each year, and you can be certain that our politicians will continue to invent ways to extract even more “revenue” out of us.

And of course our politicians will never stop their wild spending.  Despite all of the negotiations that have taken place over the past couple of years, our spending problems just continue to grow.  For example, the federal budget deficit for the month of October was $120 billion, which was more than 20 percent larger than the federal budget deficit for October 2011 was.

So what is the solution?

Well, Treasury Secretary Timothy Geithner now says that he wants to eliminate the debt ceiling entirely.  He says that we should just have no limit and that the federal government should just be able to go into debt as much as it wants.

In the end, all of this debt is going to absolutely crush us.  We have literally destroyed the future of America, and yet most of the country still seems clueless about all of this.  The blind are leading the blind, and we are headed straight for complete and utter disaster.

One day, when people look back on this period in American history, what do you think people are going to say about us?

  • MichaelfromTheEconomicCollapse

    Is everyone enjoying the new comment system? I have been trying to iron out the wrinkles, and hopefully it is working better now.

    Also, I have just posted a new article about how America is being transformed into a giant prison on The Truth. You can check that article out right here…

    Have a Happy Thanksgiving everyone!


    • markthetruth

      same here, just no giving to uncle SAM , his turkey is stuffed already…

      the end…

    • 2Gary2

      the new comment system makes the web site load noticeably slower but this is not a major deal

      • MichaelfromTheEconomicCollapse

        Is anyone else noticing this?

        That would be a significant concern if a lot of people were noticing this.


    • Its better.

    • A.S.

      I liked the other one better. This one seems too lavish and takes up space. I like the notifications to your posts, though, which I have been asking about for a long time.

  • 2Gary2

    Michael–the estate tax almost never prevents one from passing on a farm–in fact this was looked at and there was not one single example of this happening. This is also true for businesses. Almost no small businesses are big enough to be taxed by the estate tax. Eliminating the estate tax is simply welfare for the rich.

    • You are spewing BS 2Gary2. Even a small farm is worth more than $1 million. Liberal sycophant lemmings are very tiring.

  • 2Gary2

    Between 1975 and 2008, median annual household income in the United
    States rose by about $8,000, in today’s dollars, to $50,000, notes a new American Prospect
    analysis. But if average Americans today were receiving the same share
    of the nation’s income as they did in the immediate postwar decades,
    the typical U.S. family would now be making $86,400 a year.

    This is why taxing the rich is not theft but instead it is taking back what is the workers money to begin with. The rich stole it through productivity theft and its time to take it back.

    • Aurora27

      2Gary2- “taxing the rich is not theft but instead ..taking back what is the workers money to begin with.”? The fight isn’t about “rich” Americans vs. American “workers”. The free trade agreements that required dropping most tariffs combined with tax breaks and labor cost advantages facilitated the export of manufacturing jobs and very quickly thereafter service jobs to foreign countries. It also diminished a significant source of revenue for the Federal government (read Constitution)-tariffs. Had those higher paying jobs not been lost, replaced by retail, foodservice jobs, and now, unemployment median income would have been at those historic postwar levels you wrote about. We were a manufacturing and export economy then and most of the world needed to rebuild from WWII-not so today when we are the world’s largest debtor nation and run the biggest trade deficits too. The solution isn’t some simplistic “tax the rich” slogan-don’t fall for that poppycock. The only solution is to incentivize manufacturing and service jobs to return. Tax incentives, reduced energy costs and reduced regulatory expenses relative to other countries- are essential.

    • Kayser Sosa

      What a warped, narrow way of making your point. Household income is dependent on a wide variety of factors. If I wanted to make such a blanket statement on the cause of declining wages (along with the destruction of the family and thus our moral and societal values), I would point singularly to the destruction of our currency by a government that drunk deep of the fiat currency and fractional reserve banking system. You do realize the US dollar has lost +/- 97% of its value since 1971, don’t you? And yes, I am aware Nixon slammed the coffin shut.

  • The U.S. is economic toast.

    • webgrrl123

      I have a solution. Avoid probate. Use the tools the rich use: Words in contracts.
      See my new article on how to do it.

      pennypincherpersonalfinance dot blogspot dot com

  • mainstreeteconomist

    It is almost as if the federal government does not want income-producing assets to remain in the hands of the “little guy”.


    RIGHT ON !!!

    Everything the US government does has more than one purpose.


    (1) Increase tax revenue.

    (2) Eliminate all businesses that are not multinational partners with the US government.


    (1) Increase tax revenue.

    (2) Eliminate all farms that are not multinational partners with the US government.

    (3) Make all Americans dependent on the US government for their food ***

    • Bingo. Food is the ultimate weapon. To control the people absolutely, control the food supply.

  • Alasha

    Is everyone enjoying the new comment system? I have been trying to iron out the wrinkles, and hopefully it is working better now.

    “enjoying” might be 2 strong a word. says the curmudgeon n me….. i missed the avaitars…

    smile. lol

    as far as the farm and business situation.. i thk this has all been done on purpose to drive down the living standards of americans…… i was talking to a friend who is from china and she rented a portion of a room and that was her “house:. this is the type of quality of life we are heading for… sigh

  • MWD78

    can’t a farmer simply loophole the estate tax by incorporating as a partnership with their inheritor, then transferring the ownership?

    • Yo mama

      Of course the Rich always have a back door in place to circumvent taxes

      • MWD78

        way to utterly miss the point…you must be sick of all these fat cat farmers sitting high and mighty on their fancy tractors…

        • Yo mama

          These laws aren’t written for farmers bro, only the banksters.

          • That’s true, Yo mama. But if you aren’t a banker, yourself, then why assume that a working farmer is one of those “evil rich people”? A farm family is a group of people who have the skill and the willingness to labor such that they produce more food than they need to feed themselves. Usually, much more. They sell their surplus to farmer’s markets, where you get a chance to buy it. Assuming that you, yourself, have demonstrated skills and willingness to labor so that you have the money to buy that food. If, on the other hand, you are WORTHLESS, completely unskilled and utterly lazy, then why should anyone value you enough to feed you?

  • This is why there is life insurance and trusts. One can play the trust game with life insurance to pay the tax and save the farm. A good financial planner can get you going with this game.

    • You might want to read the article a little better. If you are barely making enough profit off of millions in standing infrastructure (farm, business, vehicles), how exactly do you ‘play the game’ and put away millions you don’t have in the first place? Please, think before you type.

      • NunyaGodamnbusines

        If you’re barely making money…then sell your crap and make some money. Or get a job that pays the bills. Sitting on land you can’t afford now, and hoping it will someday become affordable is a joke. Sounds to me like these people can barely afford the tax rates they pay now…so what, do we just lower their tax rates until they can afford the taxes, while they still don’t turn any sort of profit off the land? At some point common sense should say “you may be a farmer, but you’re a crappy farmer and you need to sell some land and find a new line of work”.

        • NiteClerk

          You miss or avoid the point that the land and holdings are valuable, but not cash generating unless sold. A lot of farm value has been built up over generations. Depending on how the law changes, the heirs will have to sell the land and equipment to pay the death taxes.

        • You seem not to know how farms work, Nunya. We pay our property taxes every year just fine. The estate tax is a completely different beast. Take my own farm — which is all prairie grass — as an example. We own just enough acres to support just enough beef cattle to support our family. If, when I die, the federal government demands 55 percent of my assets as estate tax, my sons would have to SELL half of that land, and what would be left would not be enough to support a family! See the problem? This is how farms that took generations to build can get wiped out in one fell swoop. Who exactly do you suppose is going to raise your food in the future?

  • Yo mama

    Aaahhhhhhhhh the end of the world! We will never survive as a country under the Clinton tax rates. Aaahhhhhh socialism, commies, I’m scared ma. So scared. Gunna git me a machine gun

  • George Boyas

    We have no one to blame but ourselves.

  • This isn’t just the “federal tax monster” coming in to eat up the farms, it’s also Agenda 21coming in to take away private property rights. It’s a Brave New World….

    • Alasha

      yep, yep, yep

  • Tosheba

    If liberals are so ‘excited’ about taxing the rich, let’s see them all giddy about taxing rappers, basketball players, Hollyweird celebrities, liberal politicians that have WAY too much of our money in their bank accounts, Obama’s millions, Soros’ billions, JayZ, Beyonce, and the rest of them that have somehow escaped the madcap ‘selective idealism’ of the looney tune left wing.

    • NunyaGodamnbusines

      I’m liberal, and I’d love to tax the crap out of everyone you just mentioned. In fact, I’d go a step further and tax them even more, seeing as how entertainment does nothing that deserves the obscene amounts of money those types receive anyway. Kim Kardashian? Tax her until she can no longer afford tacky leopard print dresses.

      • 2Gary2

        agreed! tax the rich liberals and conservatives that are rich. I am an equal opportunity taxer when it comes to taxing the rich.

  • Jodi

    I just recently accepted a job for part time at a small business. In my interview they told me they were worried about Obamacare. Gee, I wonder why? Anyway, they would like me to work full time eventually but I’m guessing with the mess that is coming, I will never work full time. This article is so frightening, we are screwed!

    • Nickelthrower

      I think that a lot of Americans are going to very suddenly find themselves working 29 hour work weeks as that is the only way to circumvent the law. Of course, people that only work 29 hours a week can not afford a home so whatever recovery occurred in the housing market will very quickly vanish and it will return to its downward spiral.

      • Why oh why oh why did ANYONE in their right mind vote for this horror?

  • all part of the plan, proceeding on schedule…

  • William Belisle Jr

    When will the American people say enough is enough???? When it’s too late and we are living in a socialistic/communistic state after our Constitution is shredded???

    If the Patriots at lexington/Concord in 1775 did not stand up and say enough is enough….we most likely would not have had the Constitution and enjoy all the (slowly dissapearing) freedoms that we enjoy.

    Its when people do nothing and just accept it as the way things are is when change does not come. Look at the civil rights movement, when the blacks said enough is enough!!!!! They caused a change indeed.

    Too ,many Americans are distracted with entertainment and materialism, American Idol and Black Friday, with no real thought or involvement in changing things. The reason I think, is there is a smaller and smaller amount of Constitutional Americans left in this nation.

    Just wait and see where we are in 4 more years. Mark my words, America will un-recognizable in 4 more years unless something happens to stop the Constitution shredding rampage that this administration is on.

  • Patriot

    When will the American people say enough is enough???? When it’s too late and we are living in a socialistic/communistic state after our Constitution is shredded???

    If the Patriots at lexington/Concord in 1775 did not stand up and say enough is enough….we most likely would not have had the Constitution and enjoy all the (slowly dissapearing) freedoms that we enjoy.

    Its when people do nothing and just accept it as the way things are is when change does not come. Look at the civil rights movement, when the blacks said enough is enough!!!!! They caused a change indeed.

    Too ,many Americans are distracted with entertainment and materialism, American Idol and Black Friday, with no real thought or involvement in changing things. The reason I think, is there is a smaller and smaller amount of Constitutional Americans left in this nation.

    Just wait and see where we are in 4 more years. Mark my words, America will un-recognizable in 4 more years unless something happens to stop the Constitution shredding rampage that this administration is on.

    • Patriot: “When will the American people say enough is enough?”

      Man, you exemplify what’s wrong. Your heart is in the right place, but your mind simply don’t engage the right muscles. Americans have been saying “enough is enough” for a very long time. But those in power know that they can do as they please, and the Americans are too cowardly, too gullible, and too weak to do anything about it. So year in and year out we hear Americans saying “enough is enough” and then we hear the bankers smirking and snickering in the background, and giving the Americans the middle finger, because they feel perfectly comfortable, completely safe, in continuing to do what offends the puny, spineless, overly law-abiding American workers.

      Now, if those offensive rich people, the bankers, the corporate directors and executives, and the collaborating politicians, were to start falling over dead from unnatural causes, you’d get a definite reaction. Constitutional rights would be extinguished. Martial law would be declared. Civil war would break out, and the game would be on, winner take all, between the American working class and the elite.

      Why do you think the elite doesn’t like working class people to “prep” for economic disasters? It’s because America is a place where working people are, potentially, under siege, and the winner of a siege is the side that can hold out the longest. If you must run to the grocery to buy food every week because you don’t keep a couple of years’ supply of food in your home, then anyone who can prevent you from making food purchases has you at their mercy. One way of doing that is to deny you a paycheck. Another way of doing that is to make sure you can’t get to the store. A third way involves preventing supplies of food from reaching the stores.

      During a civil war, the elite will use all of these strategies in order to keep you from eating, until you starve. But if you have enough food in your home, you might be able to survive for longer than they can maintain the embargo. Hence, they don’t like preppers, and they exert their influence in many ways to discourage people from being prepared. That is why a lot of Americans look upon preppers at nutty people and at prepping as an unnecessary activity. People who think that way are the unknowing victims of banker propaganda.

  • What will happen is the corporations from outside the US will step in to purchase the farm and give the kids the cash to pay the tax.

    Thus the country will by corporate farms, no organic as that is too labor intensive and not profitable enough for the corporations and thus it goes.

  • Chris Ritchie

    This is a punch in the gut! My sister and her husband are farmers. But they supported Obama. I wonder how she feels about this or is even paying attention? On the larger front, how do you convince the 47% who are all barely getting by, are on food stamps, who don’t even own a house, that this is a bad idea? We are all reading this, but what % of the population are we? Literally, the other HALF of Americans just want to steal it all from us. Do you really mean to tell me that “education” through blogs, websites, and community events is the answer? In my area there is a separate Mexican flea market. Don’t bother going if you don’t speak Spanish. I just don’t see that these people care at all to even BEGIN to understand the economics of what is going on and what this means. We’ve had 20+ years of “education” since Reagan swept into office and it still hasn’t changed the minds of millions of people. They are self-interested (like all of us) and see that they best way to serve their self-interest isn’t through the division of labor and starting a business and keeping what you earn. No. Instead, their self-interest is best served through “democracy” which for them means stealing from the productive class through taxes at the end of a gun. How does education fix that when that class of people has no interest in land ownership and no interest in real participation in the capitalist system?

    If I were the farmers, this is a “fall on my sword” type of issue. I’d make the forced taxes and eviction as public and newsworthy as possible. If enough farmers made this a public spectacle, perhaps the tide could be turned. I’m just sick about this!

    • cynicfrombc

      We live with two great problems: a)Economic ignorance on a massive scale and b)Self-centeredness on a massive scale. Put these together and you have the formula for eventual tyranny. Tyranny is happening. Obama does not like the America of the past. He does not appreciate the values of the “land of the free.” In his heart, he is essentially a dictator. But America richly deserves him. A country controlled by the love of self, the love of pleasure and the love of money ends up being controlled by a dictator. That’s how it looks from Canada.

    • Thank you, Chris Ritchie, for caring, and for your eloquence. I am a farm wife, and I have tears of rage running down my face as I type this. The story behind my family’s farm is too long to tell here, but suffice to say that a LOT of sweat and love went into building this operation, and that this land is a PART of our family, integral to who we are. Losing this farm would be like losing a family member; I can’t imagine this family WITHOUT this farm. We will defend it, whatever it takes.

  • Third plank of the Communist Manifesto: Abolition of all right of inheritance. (read killer estate tax rates).

    John C. Drew, Ph.D.: “I had been a leader of the Marxist students at Occidental College myself, starting in 1976 when I founded the precursor of the Democrat Socialist Alliance on campus. The young Obama I knew was a Marxist socialist who would have been quite comfortable with Communist party members like his Hawaii mentor Frank Marshall Davis, retired domestic terrorists like Bill Ayers, or active socialist politicians like Illinois State Senator Alice Palmer.

    “The Obama I knew was nothing like the lifelong pragmatic centrist that he was pretending to be in the 2008 presidential campaign. When I talked politics with the young Obama, he expressed a profound commitment to bringing about a socialist economic system in the U.S. — completely divorced from the profit motive — which would occur, in his lifetime, through a potentially violent, Communist-style revolution.”

    “I believe that public knowledge of my face-to-face confrontation with young Obama’s ideological extremism in 1980 would have helped prevent Obama’s election in 2008. My account of Obama’s anticipation of a Communist revolution would have alerted voters to the reality that Obama is not a bipartisan politician, but rather a longstanding advocate of class warfare and other hateful ideas promoted earlier by the likes of Frank Marshall Davis. My story would have highlighted the real Obama, the Obama who asserted, as he did at a at a Martin Luther King Day speech at the University of Chicago in 2002, ‘that rich people are all for non-violence’ simply because ‘they want to make sure people don’t take their stuff.’

    “I would share with the people of 2008 that Obama is stuck in the ideological past. He is a partisan extremist who cannot imagine doing what Clinton did to save the American economy or uplift the black urban underclass. Obama is the sort of ideological purist who would never pivot to the middle.”

  • A.S.

    Short term solution: if an IRS agent comes to collect this illegal tax, shoot to kill.

  • Concerned


    Hey, if men are allowed to marry other men, etc. (which I don’t agree with but also don’t feel that it’s my right to oppose in a free country) then why not have the child or grandchild mary the mother or father so that the land can legally pass without taxes?

    • Nickelthrower

      Corporations never die so instead of Marrying your mother, why not just incorporate.

  • Kukye

    Here is the real news!

    They have NO RIGHT TO DO THAT! That’s right. Many of their edicts are illegal by any Constitutional standards.

    They are imposing WILLS not laws. It’s called dicktatorship. Many of the amendments added the past 100 years are not legal, especially the income tax, the Federal Reserve, the 17th amendment, etc.

    The dickators have finally manifested itself by a complete breakdown of law and order by having an illegal president as it’s leader. Now comes the truth, CONFISCATION you Americans have enjoyed the past 200 years.

    Confiscation of your wealth, your guns, your property and finally your liberty. Will you stop here and finally rebel or are you going to aquiecse everything? That is the question, but what will be YOUR ANSWER?

  • MichaelfromTheEconomicCollapse

    Internet Explorer seems to be really, really buggy these days.

    Personally, I encourage people to switch over to Firefox or Google Chrome.

    But I definitely understand that there are a lot of people out there that still use Internet Explorer.

    Is anyone else that is using Internet Explorer experiencing problems with the site?


  • Triumphator

    Why they count so much on the tax increase? Is this the right time to start using oil shales? If they exist…

  • Happy Thanksgiving everyone. For all that’s wrong, enjoy tomorrow. I feel sometimes, when someone is coming to visit, that it may be the last time they come for some reason. So tomorrow, thoroughly enjoy wherever you are. Enjoy the food, enjoy the company, because as your guests leave remember that you never know what can happen. When they drive away down your drive tomorrow it might be the last time so be thankful to have them there.

  • MeMadMax

    It’s part of the democratic/liberal/progressive/socialist/communist agenda to drive people to the metro areas in order to fold them into the democratic/liberal/progressive/socialist/communist… otherwise known as forced brainwashing…

  • This could be a blessing in disguise. If the large farms are forced to sell their land rather than pass it on to their children, these large farms would probably be broken into smaller farms which would be more affordable. With the steady decline in the jobs in this country, there will be a need to provide smaller, affordable farms for the unemployed to buy and produce a living for their families. If the jobs don’t come back, and the Industrial Revolution in the U.S. continues to reverse itself, where would the unemployed go? They would have to have some means to relocate and find a place where they can produce their own food, and products that can be sold. Otherwise, they will remain a burden on Society by requiring public assistance, food stamps, Etc. The availability of land and smaller farms should allow some relief. Also, most farms today are too big, requiring large, costly machines that require lot of fuel to operate. Most of these machines put the farmers deeper into debt and if they have one or more crop failures, they lose their farms. Fertilizers and pesticides are needed to produce crops on these large farms which also increases the debt limits for farmers. Smaller farms can can produce a variety of crops besides the conventional corn, soybean, and wheat rotations which are not edible unless they undergo further processing. The food produced on smaller farms in many cases can be eaten in a very short period of time and without processing. They can also cause the localization of the economies, making small towns more viable.

  • I just bought a 5 acre mini-farm on which I will be raising most of the food for my family. I will also be selling a good portion of the residual crops to markets in the nearby small town. I will also be utilizing small, used farm tractors and equipment to do the work. My fertilizer will come from incorporating green manures and animal waste which will be raised on the same farm. I will be composting the waste from our home in a compost pile. I have been unemployed for 5 years and will never work for anyone again.

  • Hey Amerika! How’s that “CHANGE” working out for you?

  • Nickelthrower

    I always tell people that they do not actually own their homes, land or vehicles. When I’m challenged on this all I have to say is “What will happen if you do not pay the taxes?” Of course, they know exactly what will happen because when you do not pay your taxes, the REAL owners of your home or car will show up and they will have guns and they will take their property back.

    Of course, corporations never die so they never have to pay any inheritance tax. Isn’t it great how that works out.

  • Mind Candy

    Wouldn’t this be easy enough to avoid by signing everything over to the children before you die? If you don’t own the estate at the time of your death, the “death tax” wouldn’t apply.

  • I’m surprised that the author didn’t carry his thinking one little step further to reach a very obvious conclusion.

    The Federal Reserve Act of 1913 established, as our legal money system, what amounts to a Ponzi scam, in which disguised debt is used as legal tender. The bankers in charge of the scam are licensed to create money in unlimited amounts without doing any work or creating any tangible valuable product that might serve as a justification for the existence of the created money. That’s what a counterfeiter does too, with two distinctions: (1) the Federal Reserve may do it legally, but anyone else who does it is breaking the law, and (2) any illegal counterfeiters violate the patent or copyright that the Federal Reserve has on their banknote designs.

    One thing you might be asking yourself is why any particular group of people should have the right to create money “out of nothing” in unlimited amounts, and loan it at interest, while no other group of people is allowed to do the same thing. Odd, that. It would appear to be a violation of the Equal Protection clause of the 14th Amendment.

    But regardless of whether the creation of money in the absence of the creation of material assets is legal or illegal, and regardless of who does it, every time it happens the money that is already in existence loses some of its value, due to the ordinary economic law of supply and demand.

    Well, the reason this happens is that the Federal Reserve is a criminal organization, and its profits derive from a scam that has gone unchecked, unprosecuted, and unpunished for almost a hundred years. The Federal Reserve Act of 1913 is a work of traitors, rogue Congressmen and US senators under the undue influence of banking predators, who remained secretly in session during the Christmas recess of Congress so that they could pass the Act into law while the majority of our elected federal legislators were home, enjoying the holidays with their families. That’s the truth. Feel free to check.

    As the old saying goes, when treason doth prosper, none dare call it treason. For 99 years, the bankers have been cheating everyone in the world who uses the US dollar as money. For 99 years, they have been stealing the value of your savings by creating money that they do not justify with simultaneously created products, enhancements, or benefits that the new money might be eligible to purchase. Thus the new money chases the same set of goods that the old money does, and the value of any single dollar falls. The result is perceived as the inflation of prices; what it really is, though, is the deflation in the value of the currency.

    For 99 years, the bankers have been shifting from the American worker, to themselves, the value of the labors done by the American worker. Inflation is one of the ways they do that. But they have other ways of doing the same thing. One of the other ways is by loaning the money that they create to capitalist borrowers, and charging interest on the loans. The capitalists are usually able to clear themselves of debt by passing it along to other people: short-changing their workers of a fair amount of pay, and charging their customers higher prices than they’d otherwise need to charge, if the money were issued debt-free.

    Even this isn’t enough to satisfy the banksters’ greed, however. They have, at times, pumped the economy by manipulating interest rates, luring people into overextending themselves, and then letting the axe fall as they change their financial policies. This enriches the bankers by impoverishing many ordinary people. The most spectacular instance of this kind of engineered impoverishment was the Great Depression. But it has been carried out on a smaller scale ever since. The housing “bubble” and its collapse, for example, was an exercise, by the bankers, in gathering to themselves real assets by luring a great many people into debts that, due to calculated changes in Fed policy, they were unable to pay.

    Even that wasn’t enough. The bankers wanted more. More. More!! So they demanded bulk transfers of credit from the US taxpayers to themselves. That’s what the various “bailouts” were all about.

    And, in the end, even this won’t be enough to satisfy the bankers. Because, you see, not everybody swallows the bait that the Federal Reserve’s con artists hold out. Some people wised up before it was too late. They never got into debt over their head. They saved their earnings and bought smaller houses, used cars, sent their children to state colleges or to vocational schools, and generally contrived to live within their means. These people can’t be impoverished by the bankers through foreclosure, because their homes are not mortgaged. The bankers can’t get their filthy, slimy, greedy, stinking hands on them!

    …Or can they?

    This is where the changes in the tax laws come in.

    Everybody pays taxes on their major properties. Nobody in the United States really OWNS real estate. At best, they rent it from the state. Property taxes are the rental payments. That’s why the state can exercise “eminent domain” : since the property you hold isn’t really yours, the state can deprive you of it whenever it can thing of some justifying “public use.” The real reason you might be targeted for expropriation might be political. City governments have been known to “condemn” the properties of people for reasons of vendetta, while making it “look good” with some sort of public-interest justification. The federal government isn’t above doing the same thing.

    Now, the federal government doesn’t have a vendetta gains every last US citizen who owns property free and clear of debt. But the Federal Reserve does, in the sense that the bankers who comprise the Fed do not want anyone, except themselves, to own anything at all. And the federal government, because it is sunk far in debt to these same bankers, is like a dog on a short leash. If the bankers want the tax laws to be a certain way, you may be sure that the federal government will oblige.

    Those property owners in the United States who aren’t subject to foreclosure can, as the above article indicates, still be stripped of their holdings through suitably malicious tax laws. And that’s what’s going on.

  • No, he isn’t. Rebellion usually causes most of the citizenry in a country to become a soldier – though an amateur one. But one funny feature in the philosophy of soldiering is this: It doesn’t matter whether you live or do, nearly so much as having a good combat-kill ratio. Die if you must, but take five enemies with you and die an Ace.

  • ZioKikesR pigs

    that’s communism.

  • Uncle_Meat

    There will be a civil war very shortly as the country breaks up. You will see the cowards for who they are as big gov. comes to take your property. Who will fight back and who will knuckle under and snitch on their neighbor. The battle lines are being drawn and it will all become very clear.

  • I still cant believe that America elected the man that intends to cut their economic throats. And it was apparent to anyone who had their eyes open and brains working. Thats less than 50% of American voters, currenty.

  • Chauncey Freeman

    I think they should make it retroactive and go after the Kennedy’s, Rockefellers, Pelosi, Feinsten, Kerry and the other 1 percenters who are the most merciless elitists in congress. Meet your new slave master, Massa Obama. He said revenge and revenge he meant. Stories like this one make me, who is 100% pro-life consider changing my position knowing that it is democrats who are morally, ethically and mentally inferior and handing our republic over to the most evil reprobates and those who are most likely to have abortions. Abortion may be the only way to cull our population of those who continue to vote to sacrifice our birthright for a bowl of pablum. I am pro-life to my core, but desperate times call for desperate measures. If not more abortions conservatives need to start plopping them out to keep up with the rate of the dependent class who sees a pay raise in every baby they birth onto Uncle Sam’s Government Plantation. No this is NOT racist as the majority of people on Uncle Sam’s Welfare Plantation are white so save that auto-reflexive BS for some chump who will buy that crap.

  • The “we are still better then” argument only works until the fall. Then you wonder why.

  • It sounds carefulLY plAnned to make everyone middleclAss poor so the rich have even more slAves
    To work to the bone for their four holIdays a year and lUxury lIfe stylEs.

  • walter conell

    This isn’t immoral- it’s criminal!

    The farmers are the backbone of this country. They are the reason this country was strong (Yes- I say WAS).
    This shows who the enemy is in this country. The enemy who is destroying it piece at a time from the inside. Domestic enemy #1, and it should be stopped by any means.

    What would keep a farmer from selling most of the land to relatives, then leasing it from them? Can’t tax what you don’t own?
    This really has me ticked and I don’t own a farm.

  • StarResident

    Simple solution: When grandpa dies, bury him in the back yard and keep your mouth shut. Make sure someone else has power of attorney before hand.

  • trp878

    No sympathy here, they voted for him, thus you can’t fix stupid.

  • NunyaGodamnbusines

    Correct me if I’m wrong here, but if the parents can’t afford the farm, but are sitting on land that is valuable, just how do they expect their children to inherit the land and then magically come up with the money? Maybe try selling off parts of the land so they can afford what they can afford? Seems like a no brainer.

  • jack_foobar

    I’m willing to put up a bet of $100 in USD fiat currency that the second Civil War will be precipitated by a farmer protecting his property.

  • I’m afraid I just don’t LIKE my fellow Americans all that much anymore.

  • Hey, I for one appreciate your (and others’) venting — it reaffirms for me that I’m not the only one, and I’m not crazy! Most folks I know just tune out all this stuff, they don’t want to hear it, and if you bring it up, they all jump down your throat for being “negative.” Sometimes I think one of America’s biggest vulnerabilities is its pathological dedication to being “nice” and cheerful all the time — it’s as if we’re forbidden to ever let the slightest bit of unpleasant reality enter our minds….

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