In connection with that show, I sent Glenn the following email:
Dear Glenn,
On the show today you posed the question re. what would “they” do should 1 million citizens refuse to pay their income taxes?
Glenn, since the 60s we have had a totally UNBACKED, FIAT “MONEY” system. This explains in part why most of “them” no longer listen to us beyond coming home every election cycle to lie about their records for the purpose of reelection. “They” DON’T NEED US or OUR “MONEY.” “They” can SIMPLY PRINT WHATEVER “THEY” NEED FOR WHATEVER PURPOSES “THEY” WISH.
The income tax is simply a mechanism for taxing the increasingly worthless “money” out of circulation — vacuuming the system, if you will — so WE DON’T CATCH ON TO THE SCAM. That was precisely why we got the income tax at the same time “they” established the ongoing criminal enterprise known as the UNAUDITED Federal Reserve. There had to be a mechanism for sucking the extra “money” from our bank accounts.
Of course, printing all those new “dollars” will reduce or destroy the value of the “dollars” already out here. And, as you know, that is the classic and correct definition of “INFLATION.” But inflation hurts us all, say you. Nay, nay mon ami! The folks first in line for the new “dollars” (that’s almost always the well-connected and those in government) are NOT hurt much or at all compared to those at the end of the line (that’d be the rest of us). You see, those at the head of the line have the opportunity to turn those “dollars” into tangible things BEFORE they lose their value.
Measured against the value of the dollar in 1913 (when we got the income tax and Fed), I believe the current “dollar” is now worth around 1 cent or less.
We can only GUESS what the flood of new “money” now making its way into this sick, sick economy will do to that penny in the next few years but I’d urge everyone to convert as many of them as they can spare into things they need of tangible value such as storable food, some precious metals, weapons, ammo (if you can FIND any!), etc.
Buckle up. It’s going to be very, very bumpy on the Obama FREEway.
Dick Bachert
PS: I’m as certain as I can be that you already knew this.
As I watched that I kept thinking "what would "they" do if 100 million citizens refused to pay their income taxes?"