The IRS, The Federal Reserve and Their Impact on Our Economy

Recently I was reading my blogs and came across an interesting video that a friend of mine posted on myspace that I would like to share, it was about Aaron Russo and the investigation he did prior to his death in 2007 about the IRS and the Federal Reserve. When I noticed Aaron Russo had already passed, I thought, this really is a conspiracy, but he wasn’t assassinated, he died from cancer. This video is eye-opening especially if you have never seen it. It is a long video called “Freedom to Fascism”. The video explains why we should abolish the Federal Reserve – that it is actually causing the U.S. to stay in debt. Hence – our economic problems are not going to get any better. Banks are not lending. Banks are going bankrupt. Too much money was being lended in the past. You did not necessarily need collateral – they made it too easy to get credit. Now it is difficult to get credit.

Since Aaron Russo is no longer with us, you may wonder, as I do, what is being done about this. I did notice that one of the Representatives from Texas Ron Paul has been trying to get a bill passed by Congress to audit the Federal Reserve. Ron Paul has been against the Federal Reserve for some time now. So if you should be interested in trying to do something about this in the future, you may wish to google Ron Paul and go to his web site and see what actions are being done.

I plan to write more about this subject, but for now. I want to get this video posted to people especially U.S. citizens can see some of the major problems with our economy right now. I recently read an article that Obama was going to pass a bill that would allow the Federal Reserve to have the power to oversee large corporations like GE. I think it may be too late, here is the article, Here is a recent article from the Washington Times about the Fed:
Here is the link to that article
After you watch this video – I don’t think you will think that is a very good idea. Something needs to be done ASAP.

Here is the link to the video Freedom to Fascism:
http://video.google.com/videoplay?docid=-1656880303867390173#


Things you should grasp from this video:

1) Is the IRS constitutional or unconstitutional? It has always been constitutional where corporations are concerned because that is what it was initially set up to tax. However, now there is controversy that the 16th amendment was never ratified by all the states, so taxing individuals should be unconstitutional. Why do we allow this – because the IRS uses brute strength and force to enforce it. Also – Obama’s budget has increased the IRS’s ability to enforce as well. Go to treasurey.gov and take a look at Obama’s budget 2009.
2) Did you know that the Federal Reserve does not answer to the government? It’s true. The Federal Reserve is a private corporation and our government has nothing to do with it’s power. The U.S. utilizes central banking and the Federal Reserve is our central bank. In our current economy – banks are going under. They have to answer to the Federal Reserve.
3) Did you know that the Federal Reserve is responsible for establishing the interest rate and for printing money. That there is no one to tell the reserve to “Stop printing” money. That our dollar is not worth anything now days. That the dollar used to be backed by gold and now it is not backed by anything. It is worthless piece of paper.
4) Did you know that the money you pay in taxes doesn’t even put a dent in the deficit? Your tax dollars are mainly going to pay the interest due the Federal Reserve. And we wonder why we have such a large deficit.
5) That everyone is suffering in this economy except the Federal Reserve. It plans to control all the money in the world.

Note: Freedom to Fascism the movie is posted on youtube and it also has it’s own web site, but due to the political implications it is constantly being removed from the web. So you do have the ability to purchase it for $1 on DVD. I have not done that yet – instead I have sent it to my friends and I also want to post it on this blog.