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Index Page » News & Media » Finance Updates
 

Money is Not the Root of All Evil, But Our Money Consigns Us Straight to Hell!

 

If you thought your taxes went towards funding important government services, you are dead wrong! A new understanding of the world banking system reveals the very nasty purposes of taxation, which is to gift the banks a monopoly on the creation of new interest-bearing debt. Once government has stolen from us through taxation, we are forced to replace that stolen liquidity with high interest-bearing debt. With this insight, increased poverty, social and economic polarization, destruction of environment, strangulation of constitutional rights, and rapidly increasing debt are seen to be unavoidable and inevitable under the present tax/banking system. We desperately need a change!

The money supply (m3) has increased 1000% since 1996. Not a single dollar of this new money has been issued by government. Every dollar, Yen, Peso, Rupee, Franc, and Deutchmark has been created out of thin air by the banks, and then loaned to you and I as interest-bearing debt.

Not only do taxes remove huge liquidity from the private sector-artificially raising interest rates-but when private funds are invested in government loans and securities, they are no longer available to the private sector at low interest.

And because a very large part of tax revenue (and banking debt) is sourced from consumptive activities and consumer borrowing, the government then ends up consuming resources that do not exist. Only a portion of the tax take actually represents savings and surplus; and only a portion of the new debt/money that is issued by the banks is secured by new wealth creation. This is why we continue to experience an inflationay spiral that can only end in recession, depression, and/or economic collapse.

Our Govt. is totally dependent upon, and subservient to, the banking system; and so are most private citizens.

Aside from our obvious loss of financial independence, freedom, and opportunity, there is an even more frightening aspect to the present tax/banking system. As tax destroys the incentive to earn, save, and invest, and govt. continues to fund itself in an unsustainable way, more and more of our environmental resources are consumed each passing day.

Civilization trembles in the face of an approaching environmental apocalypse not because of carbon emissions, greenhouse gases, or population growth; but because of taxation. The present tax system destroys the incentives for, and the results of, all our own efforts at positive creativity.

To find out more about how taxes are linked to a banking conspiracy, social chaos, and environmental destruction, go to www.truthaboutax.com and/or read "The Zen of No Tax".

Author: Carl Peterson
 
Author Bio:
Carl Peterson is a reputable writer. Carl likes to scribble articles about this industry.
This article can be searched using: financial news, reuters financial news, free financial news, financial market news
 
 
 

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