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Cain Thinks the Fed Missing $9 Trillion Unimportant

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posted on Oct, 12 2011 @ 03:03 PM
Interesting read..........

By law (check the Congressional record), we can buy back the FED for the original investment of the FED's 300 shareholders, which is $450 million (Reference 1, P. 227, Reference 17, P. 36). If each taxpayer paid $25, we could buy back the FED and all the profit would flow into the U.S. Treasury. In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. Note: The people who enacted the FED started the IRS, within months of the FED's inception. The FED buys U.S. debt with money they printed from nothing, then charges the U.S. taxpayers interest. The government had to create income tax to pay the interest expense to the FED's shareholders, but the income tax was never legally passed (Reference 20 shows details, state-by-state why it was not legally passed). The FED is illegal, per Article 1, Section 8 of the United States Constitution. Not one state legally ratified the 16th Amendment making income tax legal.

Why has Congress allowed the FED to continue? If a Congressperson tries to abolish the FED, the banks fund the Congressperson's opponent in the next election (Reference 17, P. 35). The new Congressperson will obviously support the FED. When Congresspeople retire, political campaign funds are not taxed. Get elected and be a millionaire if you vote right. By the way, the profit of the FED is not taxed either (Reference 1, 9). Once America understands, and takes action, Congresspeople will then gladly abolish the FED. In 1992, Illinois Congressman Crane introduced a bill, co-sponsored by 40 other Congressman, to audit the FED. This is a step in the right direction.

The Federal Reserve Is A PRIVATELY OWNED
edit on 12-10-2011 by Cloudsinthesky because: (no reason given)

posted on Oct, 12 2011 @ 06:24 PM
reply to post by Pervius

Yeah, what is that 9-9-9 all about?

In the UK 999 is the emergency service number, much like 911 in the USA.

Can anyone explain to me Herman Cain's objective when he mentions 999?

posted on Oct, 12 2011 @ 07:53 PM
reply to post by Wide-Eyes

Although great details of the plan have yet to be released, its goes like this..........

9% Income Tax

9% National Sales Tax

9% Corporate Tax


posted on Oct, 12 2011 @ 10:26 PM
reply to post by Cloudsinthesky

9% Income Tax 9% National Sales Tax 9% Corporate Tax

Cain wants to jack up taxes on the poorest of Americans and cut taxes for the wealthiest Americans. Class warfare at it's finest...yet he's the first SOB to blast everyone else for the same thing.

Yeah, someone on mimimum wage needs to take a 20 percent cost of living increase. Yeah, that will help them. Maybe the 9 percent corporate tax rate will trickle down a

I can't believe Republicans are this stupid...I wonder how many are actually advocating increasing their own taxes...which by the way will do nothing to fix the economy...but actually make it far worse. You'd be trashing the spending power of half the country....and creating no jobs in the process as a national sales tax won't promote jobs created in America.....a national sales tax on all products NOT AMERICAN MADE...however...would create jobs.

But oh no...we can't do that....we'd start a trade war! BS We're in a trade war now...we will always be in a trade war. Look around...we are losing that war. Where did the jobs go to? That will tell you who is winning....

posted on Oct, 12 2011 @ 10:29 PM
He looks very presidential to me.

Doesn't he look very presidential to you?

Deny the debt and get elected
edit on 12-10-2011 by InformationAccount because: (no reason given)

posted on Oct, 13 2011 @ 03:43 AM
This type of speech will screw him over with the right. Their going to abandon him soon. RP will be in second place soon.

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