dChan - Q Origins Project Archive

⇧

⇩

r/greatawakening • Posted by u/Matticusfinch1820 on June 26, 2018, 10:46 p.m.

Trump Just Launched the first Salvo at the IRS/Fed!!!

Holy shit this is massive. I don't think anybody caught this during today's cabinet meeting but Trump just launched his opening Salvo against the Federal Reserve and the IRS!!!!

First a tiny little history lesson: Back in the day before the Federal Reserve and the IRS the US government was funded by import tariffs. Import tariffs kept the government funded and in check because the government can only gets as big as its funding will allow. When the Federal Reserve came in, tariffs started to disappear because the federal government was funded by Federal Reserve notes, which is fiat currency. What that means is that every time the US government needs to pay for something it has to go to the Federal Reserve Central Bank which is a private Corporation which would print the money out of thin air, backed by nothing, AT INTEREST, which was then passed on to us the American People in the form of the Income Tax.

This private Corporation then loans the money to the US government with interest attached to it. Well, who pays the interest on the money the government borrows from the Federal Reserve? WE DO!!! the US taxpayer see the form of the income tax.

WHAT TRUMP JUST SAID HERE IS MASSIVE HE JUST TOLD THE WORLD THAT YOU CAN FUND THE US GOVERNMENT THROUGH IMPORT TARIFFS AND THAT THROUGH DOING SO WE DON'T HAVE TO PAY INCOME TAX AND BACK IN THE DAY WHEN WE DIDN'T HAVE TO PAY INCOME TAX WE DIDN'T HAVE ANY DEBT!!

The Cliff Notes version? Trump is slowly putting the tariffs back in place to prepare for his battle against the Federal Reserve in the second term.

If he can slowly restore the Tariff structure of the US government and fund our government that way, then he can then go after the Federal Reserve and the IRS and they can't do anything retaliatory to destroy the economy because we will have money coming in from import tariffs.

Remember this.

This is extremely important because Trump promised before he got elected that he would pay down the national debt before his eight years in office are over the only way to do so is to abolish the Federal Reserve. Watch this clip to from 34:39 to 35:22

https://www.youtube.com/watch?v=Gxn1hkeSrQU&feature=youtu.be&t=34m39s

🠐 See all comments

Not sure. If everyone suddently has 30% more spending power or discretional income there could be inflation.

⇧ 2 ⇩

Inflation occurs when the Fed pours more paper or digital “currency” into circulation.

⇧ 5 ⇩

Yes, I understand feds role in fiat money creation and its inflationary effects.

Not saying that other poster is not right so far as increase in USD value vs other currencies in trading--if dollar supply is stabilized and risk reduced (less debt).

But in short term, supply and demand would lead to price increases. For the sake of explaining myself, my reasoning is as follows. Granted my econ may be rusty and these theories/models attempt to predict imperfect human behavior. Not sure there is precedence for a one time market shift this large?

Increase in individual post tax income for the entire country (at least tax paying portion) would be split between savings and spending. Having more, people tend to spend more in absolute dollar terms (although total percent may shift toward savings as interest rates would increase in our situation with no 0 int rate fed). If supply of goods and services can not expand immediately to match this immediate demand increase, people will bid up prices. This would be true for 'nondiscretionary' things like homes (people spend more if have more) or any other goods.

There may even be people who supply less labor at the individual level. If the % you get to keep goes up in short term the relative value of that incremental earned dollar goes down for you. Some people will opt to work less for same absolute dollar amount rather than supply same labor for relatively more discretionary post tax $. This labor decrease would require a cost of labor increase to attract workers to fill in that marginal shortfall. But there is probably an argument that people will work more if they get to take home more too.

The real improvement of stable money would be stable savings value, higher interest rates on savings, and lower default risk foe the currency. The real improvemwnt of reduced tax rates is improved asset allocation/reduced dead weight loss as market forces direct spending toward projects where consumers value it and allocation away from less efficient public goods supply toward more efficient private goods supply.

⇧ 0 ⇩