Oh Gawd, the game is afoot at the Fed once again!
Nov 12, 2017 22:34:40 #
Yes, the Fed is considering altering the Consumer Price Index to negate the tax cut gains Congress is about to deliver. This will Allow the Federal Reserve Bank to flood the market with additional funny money, devaluing the currency further, a "hidden tax" big enough to erase our savings from Congress' new tax cuts for individuals and business!
News from Campaign 4 Liberty 11/12/2017, by Ron Paul:
http://www.chooseliberty.org/tell-paul-ryan-to-audit-the-fed/?sr=c9475309
"Hidden in the House Republican tax plan is a tax hike on every American.
"A tax hike that could eventually erase any benefit you receive from the plan.
"This tax hike goes by the name “Chained Consumer Price Index” (CPI). Chained CPI raises taxes by understating the effects of inflation on the standard of living. It does this by using the “full substitution” effect.
"With full substitution, the government doesn’t consider inflation to have diminished your standard of living if, for example, you can still buy hamburger when inflation makes steak too expensive.
"Chained CPI pushes you into higher tax brackets, not because your income actually increases, but because inflation creates the illusion that you are richer -- even though your actual purchasing power has declined!
"Chained CPI is nothing more than a Fed-imposed backdoor tax increase and is yet another example of how the Fed makes the growth of government possible.
"It also shows why it is so important that we drag the Federal Reserve out of the shadows by passing the Audit the Fed bill (H.R. 24/S. 16).
"Unfortunately, Republican reliance on higher inflation taxes may make them reluctant to pass Audit the Fed, which would risk exposing how the Fed is helping them pose as tax cutters.
"That’s why we need to keep the heat on Speaker Paul Ryan to schedule a vote on Audit the Fed!"
News from Campaign 4 Liberty 11/12/2017, by Ron Paul:
http://www.chooseliberty.org/tell-paul-ryan-to-audit-the-fed/?sr=c9475309
"Hidden in the House Republican tax plan is a tax hike on every American.
"A tax hike that could eventually erase any benefit you receive from the plan.
"This tax hike goes by the name “Chained Consumer Price Index” (CPI). Chained CPI raises taxes by understating the effects of inflation on the standard of living. It does this by using the “full substitution” effect.
"With full substitution, the government doesn’t consider inflation to have diminished your standard of living if, for example, you can still buy hamburger when inflation makes steak too expensive.
"Chained CPI pushes you into higher tax brackets, not because your income actually increases, but because inflation creates the illusion that you are richer -- even though your actual purchasing power has declined!
"Chained CPI is nothing more than a Fed-imposed backdoor tax increase and is yet another example of how the Fed makes the growth of government possible.
"It also shows why it is so important that we drag the Federal Reserve out of the shadows by passing the Audit the Fed bill (H.R. 24/S. 16).
"Unfortunately, Republican reliance on higher inflation taxes may make them reluctant to pass Audit the Fed, which would risk exposing how the Fed is helping them pose as tax cutters.
"That’s why we need to keep the heat on Speaker Paul Ryan to schedule a vote on Audit the Fed!"
Nov 12, 2017 23:03:04 #
This damnable government central bank refuses to let Americans retain our higher standard of living from the socialist swamp surrounding us.
We produce more goods per hour than the rest of the nations because we are free to innovate.
To hold us down to the same level as a socialist slave state, the Fed keeps devaluing our currency by flooding the market with funny money it prints out of thin air, propping up every despot and tin-horned dictator around the globe that they might arm themselves to the teeth and start WWIII. These so-called "controlled wars" are getting out of control.
We produce more goods per hour than the rest of the nations because we are free to innovate.
To hold us down to the same level as a socialist slave state, the Fed keeps devaluing our currency by flooding the market with funny money it prints out of thin air, propping up every despot and tin-horned dictator around the globe that they might arm themselves to the teeth and start WWIII. These so-called "controlled wars" are getting out of control.
Nov 12, 2017 23:24:02 #
CounterRevolutionary wrote:
This damnable government central bank refuses to l... (show quote)
The Fed has long ago outlived it's usefulness and as you know one of the props to sustain a failed system.
Nov 14, 2017 00:38:32 #
2wheeljunkie wrote:
The Fed has long ago outlived it's usefulness and as you know one of the props to sustain a failed system.
Janet Yellen is stepping down as Chairman to be replaced by Jerome Powell next February:
https://www.nytimes.com/2017/11/02/business/economy/jerome-powell-federal-reserve-trump.html
Trump Announces Jerome Powell as New Fed Chairman
The Fed's Board of Directors will also have 4 empty seats to be filled next February. We might just see some action! There are Democrats and Republicans who want to see the Fed's dirty laundry list of bailouts.
Nov 16, 2017 13:43:09 #
CounterRevolutionary wrote:
This damnable government central bank refuses to l... (show quote)
Not a Government entity! The Central Bank has been around since before the Constitution was ratified by the States! The Federal Reserve is made up of big money bankers from around the World. The Central Bank was given a charter in 1791, the charter has to be renewed every 5 or 10 years, the actual time escapes me. Lincoln did not renew the Federal Reserve charter during his term, printed "Green Backs" within the Government and look what happened to him! Jack and Bobby Kennedy were against the Federal Reserve system and planned to revoke the charter, within 5 years both were dead! Just sayin.
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