On this just passed Easter holiday, I was confronted by an obstinate, yet well-meaning friend that asked me where all the money would come from to run the U.S.A. if we abolished the Federal Income Tax. I looked at her and told her: “From the billions of dollars in taxes that come from Corporations, but first we have to get rid of the Federal Reserve.” But, of course, I left out the part about the hundred or more taxes that are collected across the United States every single minute of every hour on products ranging from cigarettes to the cell phone you use. We are easily the most taxed citizens in the history of the United States, and yet we are told we are in constant and growing debt. How can this be when we are also the hardest working people in the world?
Congress still has the power to abolish the Federal Reserve. This amounts to “wiping the slate clean” and getting the U.S. government out from underneath the mountain of debt that private creditors and private bankers have put upon America since 1913.
Don’t believe me that this is a great idea? Will you listen to millionaire investor Jim Rogers instead?
Rogers first became famous in 1973, when he co-founded with George Soros the Quantum Fund, a global-investment partnership. After the fund increased in value by 4,000 percent in a decade, Rogers retired as a millionaire at age 37. Proving that his first fund was no fluke, in 1998 Rogers started the Rogers International Commodities Index, which increased in value by 76 percent over the next five years.
Rogers has also been a visiting professor of finance at Columbia University, a columnist for Worth magazine, and a commentator on the Fox News network.
Rogers is no longer a partner of George Soros.
“I think the Fed should be abolished, we’d all be better off without the Fed. In my view their day is done,” said Rogers during an appearance on CNBC.
Believe it.
Previously Related: Federal Income Tax is Unconstitutional
Podcasts Archive
0 Responses to “Rogers: The Fed Should Be Abolished”