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Dead Constitution See other Dead Constitution Articles Title: The Treasury Secretary and His Newly Deputized G-Men The Devil is always in the details; consequences hide in the tiny, tucked away. The fine print and particulars are of great interest and import; they may not seem so at first but soon they grow like unchecked weeds, entangling all they can reach. It’s certainly no different when it comes to Congressional legislation and those bills destined to become state or federal law. Dormant provisions take refuge in stealth until they are too entwined to eradicate. Additionally, it seems more times than not these covert clauses slide into a bill with little if any debate or even understanding from our elected officials. Our politicians continually enact rules they’ve not read in full nor taken the time to comprehend in detail or consequence. Notwithstanding the unfamiliarity with their own work, accidental or otherwise, you and I are still held accountable for adherence to those rules. Apparently, ignorance is a defense in the writing and passing of our laws, though no shelter for you and I should we run foul of them. Congress also has another unique talent; crafting tasty titles, attaching motivational headings atop bills that often times stray inexorably far from their surnames. In the ultimate shell game, the Capitol Hill Gang hopes to both persuade and distract us with verbose legalese. Under the official title of Hiring Incentives To Restore Employment Act, H.R. 2847, this bill was enacted by President Obama on 18 March, 2010. The street name for this new legislation is the patriotic sounding Jobs for Main Street Act. Jobs for Main Street? No more help for Wall Street? Sure thing; it’s well time Main Street caught some slack. I’m in! Who wouldn’t vote for that bill? Wait a minute. Hold the vote. One particular aspect of this “new lifeline” to us regular folks is in Title V–Offset Provisions: Foreign Account Tax Compliance. Though its main intent is to curb tax evasion, to track offshore accounts and the movement of citizen’s wealth between foreign accounts and countries, there are two sections that should make headlines, reported on by any journalist worth his or her credentials or camera time. In addition to the current banking regulations already enforced as a part of the Patriot Act, the SARS or Suspicious Activity Reports, “Know Your Customer” initiatives and “Structured Withdrawal Notifications” presently reported to the government by banks and financial institutions, in the new law, your personal bank is charged with both tax collection and enforcement of the rules of Secretary of the Treasury, Tim Geithner. Your bank now works, not for you, but for the federal government. “In the case of any withholdable payment (your money) to a foreign financial institution,” the new law states “the withholding agent (your bank) with respect to such payment shall deduct and withhold from such payment a tax equal to 30 percent of the amount of such payment.” You want to legally wire money overseas? Your bank subtracts 30% instantly, even if you have already paid your taxes on those dollars. You are presumed guilty of tax evasion without adjudication; no presumption of innocence here. Now, should the banking institution fail to collect a 30% (tax) on the total amount you wire or otherwise transfer out of the country, they are held responsible and liable by Washington for the full amount. Additionally your bank is legally indemnified, protected from subtracting that amount from your account in error. If your bank makes a mistake and debits your account, it will be your responsibility to personally recollect your misappropriated funds from the government. The banks are between a rock and a soft place. It’s easy to see what they will do. A second red flag is found in an obscure portion that makes it a law requiring you to report all foreign assets, whether or not you have already paid taxes on those assets. The Treasury Department now requires you to claim those assets on your tax forms. Nice. What will be next? Reporting your firearms? Your gold supplies? Your diamonds? Reporting additional information in clear violation of your privacy concerns? Regardless of your position on the legality or morality of “off shore” accounts, does it trouble you to know that the Treasury Department, under the full discretion and sometimes mercurial mindset of its Secretary, is now aggressively teaming with banks to watch, track and in some cases tax your money and your assets? Tim Geithner has a new set of G-Men. What next? More importantly, will you be next? The slippery slope begins when we permit the government to find new and creative ways of tracking its citizens, of deputizing and incentivising public companies to act as de-facto governmental enforcement arms. True, this time it’s a revenue issue, supposedly. This time one could argue that this targets and taxes the “rich.” But who will the target of tomorrow be? Who will they move against next time? Who will be added to Big Brothers list of deputized informants and enforcers? What devil will raise its head in the future? In the short term, there is still time to act. The law, though signed, does not take hold until December, 31 2012. Hopefully, as more Americans and the Congressmen and Congresswomen that passed this law, learn of it dangerous precedents, we can begin to undo not only its pending damage but the implied permission we grant our government to act this way by remaining silent and ignorant when they do so.
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#1. To: DeaconBenjamin (#0)
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The relationship between morality and liberty is a directly proportional one. "You've got to put right and wrong above legal and illegal. Because when tyranny becomes law, rebellion becomes duty; and it is not rebellion at all, it is submission to the higher law that our government is in rebellion to. We're not the rebels, they're the rebels."
The American people better institute their own monetary system completely separate from the federal reserve fraud otherwise they will find themselves hopelessly enslaved to a system that ONLY intends to damage them. If we would really "think" about what we're doing within the federal reserve system's rules regarding what we consider OUR MONEY (which is bullshit because it is plainly their money) we would have to admit that the only thing that keeps the "paper dollar" viable is the "FULL FAITH" of the oh so ignorant American people. (And their willingness to go to war against any nation that acts like it might refuse to take our worthless paper currency). Other nations are forced by threat of war and nothing else to keep accepting worthless paper for their commodities like OIL. Sooner or later this blackmail will fail. Have we become so slothful and fearful of shit heads like Greenspan and Geithner that we readily accept the international banker's fraud ? Are we afraid to fire these Jew bastards that have done these same things to every other country that they have invaded or infiltrated ? The bankers have got to go bye, bye. We cannot survive their agenda and remain free. It's really that simple. We can and we should reduce our participation with these bankers as quickly as possible. They are responsible for nearly every ill the world suffers because they are the only entities capable of creating the money they need to operate out of thin air. In the end if you continue to participate with the devil's bankers by maintaining a business relationship with these evil murdering monsters you'll have been instrumental in your own destruction.
"The smallest of frauds such as Santa Claus are perpetrated upon children by criminals in order that the largest of frauds such as the FEDERAL RESERVE may be had upon them as adults."
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