Federal Debt?

2 Shares
Money creation

Welcome to 2014! For the benefit of new readers of Personal Liberty Digest™, I present this column about the reality of the Federal debt. It is key to understanding personal liberty.

I read a lot of intelligent writers who believe that there is a Federal government debt. They believe that the U.S. government owes trillions of dollars. You, dear reader, may also hold this belief.

But ask yourself a question. If you had a printing press with a monopoly to print any amount of money, would you owe any money? Not only this, the U.S. government printing press monopoly is backed by military force to make sure nobody else prints money. They also have legal tender laws that force the public to accept their paper money. What a deal!

The so-called War on Terror is and the Iraqi war was a paper money war, as are all modern wars. Do you think that there would be wars if they had to be paid for in gold? This is what I meant when I wrote Dec. 23 that the Federal Reserve made all wars in the past 100 years possible (a statement that sent the trolls into apoplexy).

Then why the income tax? Good question and I have an excellent answer. The income tax system is a mind machine. The people have been “educated” to think of themselves as “taxpayers.” Being a taxpayer implies a duty to pay “your fair share.” This mental process is not by accident. It is a mental condition of servitude created with intent and purpose.

Now, there is a second, huge reason for the income tax. The income tax system implies that legitimate taxes are owed by the people to the government. Also, the income tax implies a legal and legitimate accounting system or a debit and credit system like all governments except the Federal government must have.

That Federal income tax is needed to fund the Federal government is a charade. The income tax system covers up the fact that the government pays for nothing. It gets everything for nothing. But the system does not want you to know this. The system would collapse if it became general knowledge that paper money cost the government nothing, but transfers wealth to the government for nothing.

It is an illusion to believe that human liberty is possible in or under a paper money system. Sorry to have to tell you this!

Income tax also has another big purpose and that is to control and regulate consumption. A fascist regime always regulates consumption. To regulate consumption is to regulate the volume of paper money. Regulation of the volume of money regulates the perceived value of money.

If you have read a lot, you certainly have heard of John Maynard Keynes, the darling of the printing press socialists. Keynes revealed in his 1920 book, Economic Consequences of the Peace, the real secret of free printing press money. He stated that: “If governments should refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud upon the people can be concealed no longer.”

So the regulation system called the income tax conceals the worthlessness of the money. This is what Keynes is saying.

Why this takeoff on paper money? It is our belief that it is impossible to understand politics, government and the reality of life and the accumulation of wealth without knowledge of how the money creators create money out of the air, yet you have to work for it.

All paper money depreciates over time but since it is gradual, it is imperceptible to the people. They get raped and impoverished gradually.

People do not think and plan long term. To accumulate assets and plan any sort of realistic long-term security, we must understand paper money and gold. Gold is money that preserves wealth.

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.