The Journal of History     Summer 2008    TABLE OF CONTENTS

1984: Grace Commission Report under
Ronald Reagan showed IRS is a fraud
that collects taxes for the Banking Dynasties

Author Unknown

"100 per cent of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government."

Ronald Reagan was promptly shot after he dared to criticize the Fed, on the same day that the Pope was shot. After recovering, he changed his mind and praised the Fed. About seven US Presidents have been assassinated for not cooperating with the Transatlantic Banking Dynasties

(William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, Garfield, McKinley, and John F. Kennedy 1963; 7 if FDR's poisoning is counted).
Most of us feel sick when we realize that Not one dime of IRS money goes to the US Government, according to Reagan's Grace Commission: it all goes to pay interest on a bogus debt to the Private Federal Reserve (FED), just to allow paper money to circulate as "Federal Reserve Notes."

The Federal Reserve is a private Corporation eventually owned by the Rockefellers and Rothschilds Dynasties through intermediary agents, designed to suck the capital dry from the U.S., as the Rothschilds do in Europe. Read Billions for the <> Bankers, Debts for the People More Links at on Jekyll Island <> .

The final report of the 1984 Grace Commission, convened under President Ronald Reagan, quietly admitted that none of the funds they collect from federal income taxes goes to pay for any federal government services. The Grace Commission found that those funds were being used to pay for interest on the federal debt, and income transfer payments to beneficiaries of entitlement programs like federal pension plans.

These comments were presented at the Close of the Citizens' Truth-In-Taxation Hearing.Washington D.C., February 27-28, 2002: IRS is a Trust
<> Headquartered in Puerto Rico Not a Federal Agency The IRS is technically not an "agency" of the federal government, as that term is defined in the Freedom of <> Information Act and in the Administrative <> Procedures Act.

The governments of the federal territories are expressly excluded from the definition of "agency" in those Acts of Congress. See 5 U.S.C. 551 <> (1)(C).

All evidence indicates that they are a money laundry, extortion racket, and conspiracy to engage in a pattern of racketeering activity, in violation of 18 U.S.C. 1951 <> and 1961 <> et seq.

They appear to be laundering huge sums of money into foreign banks, mostly in Europe, and quite possibly into the Vatican. See the national policy on money laundering at 31 <> U.S.C. 5341 . Do federal income tax revenues pay for any government services and, if so, which government services are funded by federal income taxes?

Answer: No.

The money trail is very difficult to follow, in this instance, because the IRS is technically a trust with a domicile in Puerto Rico. <> See 31 <> U.S.C. 1321(a)(62). As such, their records are protected by laws which guarantee the privacy of trust records within that territorial jurisdiction, provided that the trust is not also violating the Sherman Antitrust Act. <>

"Like it or not, you are a slave. You admit you are a slave every April 15th! That's when you sign forms that "voluntarily" lay bare to the government the most private details of your life! And few people realize the income tax is a slave tax. It can never be compatible with the life of a free people." ALAN KEYES - Republican Nominee for President, unfortunately, the only Republican willing to speak out along with Ron Paul.

Visit here... Interest On The Debt! < interest.html>
...and gulp!

Sit down when you view it. People have fainted when they see the size of the Debt Hole we are now experiencing!

The "President's Private Sector Survey on Cost Control," commonly referred to as the 1984 Reagan "Grace Commission Report" reveals that 100 per cent of the "income tax" collected is applied against the interest of the national debt. The government operates on a deficit that is created from nothing by the Privately Owned Fed (owned by the same folks who own the major commercial banks) at interest, i.e. what could be created debt free and usury free by the Treasury has been usurped by the Banking Dynasties who have been ruling the World since ancient times. Taxes are a way of controlling, or manipulating the economy.

Click to join catapultthepropaganda

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They also give people a faith in the funny money -- makes it near and dear to them. Balanced budgets and budget surpluses are a smoke and mirror trick. They sound really good, play well for the people, but are nothing more than panderings. I am not going into it, period, but if any should care to make the study, you will be at first incredulous, then angered by the depths of deception under which the people of this country labor.

Even the inventor of the electric light, Thomas Edison, joined the fray in criticizing the system of the Federal Reserve: "If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also... It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people."

In President Lincoln's words (he was assassinated by the Banksters' agent) ""The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest."

"In a recent conversation with an official at the Internal Revenue Service, I was amazed when he told me that 'If the taxpayers of this country ever discover that the IRS operates on 90 per cent bluff the entire system will collapse.'"

-Henry Bellmon, Senator (1969)

"Our federal tax system is, in short, utterly impossible, utterly unjust, and completely counterproductive [it] reeks with injustice and is fundamentally un-American... it has earned a rebellion and it is time we rebelled."

-President Ronald Reagan, May 1983, Williamsburg, VA
"Our Income Tax system is a disgrace to the human race."

-Jimmy Carter, said in 1976 by the then President-to-be

"Eight decades of amendments... to [the] code have produced a virtually impenetrable maze... The rules are unintelligible to most citizens... The rules are equally mysterious to many government employees who are charged with administering and enforcing the law."

Editor's note: Notice how Jimmy Carter does not mention the sheer hypocrisy of the Federal Reserve System. That is because he is part of the echelon of people who want this system to exist.

-Shirley Peterson, Former IRS Commissioner, April 14, 1993 at Southern Methodist University
"The wages of the average American worker, after inflation and taxes, have decreased 17 per cent since 1973, the only Western industrial nation to so suffer." -Martin Gross, author of "The Tax Racket: Government Extortion From A to Z"
1. What is Money?
... the creation of the Fractional (Federal) Reserve Banking system, the ... Grace Commission report submitted to President Ronald Reagan on January 15, 1984 " ...
2. Reagan 2020 - Ronald Reagan - State of the Union 1985
We're moving ahead with Grace commission reforms to eliminate waste and improve ...
continue to cooperate with the Federal Reserve Board, seeking a steady policy ...
3.'s_Fourth_State_of_the_Union_Speech Ronald Reagan's Fourth State of the Union Speech - Wikisource
We're moving ahead with Grace commission reforms to eliminate and iA We'remprove ...
continue to cooperate with the Federal Reserve Board, seeking a steady policy ...
4. IRS Taxes To reduce this problem, President Ronald Reagan created a commission to study ... Ruml, who at the time was the chairman of the Federal Reserve Bank of New York. ...



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