Please read this carefully, and send it on to your accountant and tax attorney. I would really like to gather some opinions on this issue.
“In commercial law income generally refers to net-profit: what remains of revenue after expenses have been subtracted”
As the “Natural Me” I start each day with a gift from god of a body and 24 hours of time.
I get to exercise my free will and spend these 24 hours “in the persuit of Happiness” however I choose, right?
To me, each moment of time in my lifespan is VERY precious. After all, once spent you can never get it back.
If I spend my time studying, the knowledge I aquire is mine for as long as I can remember it, right?
If I spend my time training, the skills I aquire are mine for as long as I can maintain them, right?
I understand that because I was born in modern America a commercial entity [Social Security Number (SSN)] was created and assigned as manager of my commercial affairs, operating without my knowledge (until 2009) but assuming my authority. I will now begin to refer to this entity as “Commercial Me”.
“Commercial Me”‘ operates as an agent and representative for “Natural Me” during any and all commercial negotiations.
“Natural Me”‘s time on earth is priceless and totally uncalculable in material equivalence.
However, within a free market society a standard cost can be reached by finding the going price for similarly trained natural persons. In my case, a Chiropractor, similar to a lawyer, “Natural Me”‘s time trades for about $300.00 per hour.
So “Commercial Me” starts all negotiations with a cost of $300.00 per hour to hire out “Natural Me”.
“Commercial Me” governed under UCC laws must file an “income Tax” form where “income” is defined as gross revenue minus costs incurred.
So “Commercial Me”‘s income would only be that amount of revenue is excess of $300.00 per hour cost to hire the God given “natural time” controlled by “Natural Me”.
“Natural Me” is answerable only to God and cannot be compelled to answer to any person or group of persons (government) without due process of the law.
I look forward to all replies!!
Dr. Darrel Drumright
WHAT SHOULD WE DO TO SAVE THE AMERICAN ECONOMY?
Darrell L. Castle
Is the current tactic being employed to save the American financial system, the bailout, working? The answer to that question depends on your definition of the word “working”. If by “working” you mean the transferring of the nation’s wealth from working Americans to the bankers; the exponential accumulation of debt that must be repaid with interest by future generations; the destruction of the value of the dollar and with that destruction the lowering of the standard of living of working and retired Americans, creating the conditions that make martial law inevitable and with that declaration of martial law a world currency and world central bank; the nationalization of the American financial system; the ensconcing in positions of power, privilege, and dominance over the system of the very people who caused the crises in the first place, it has worked in spectacular fashion.
If you define “working” as ending the credit crises and freeing credit for business to put people back to work; allowing stable and profitable banks to emerge and lead the system back to stability; the avoidance of taxpayer money being used to pay huge bonuses and salaries to executives who have led their companies to failure; the avoidance of taxpayer money being used by banks to acquire stable, profitable companies including those not in the financial industry; avoidance of economic depression and with it the conditions of civil unrest and chaos, then it has been an abject failure.
The bailout and the coming economic stimulus follow what Keynesian economic theory dictates that we do. Keynesians believe that recessions are caused by a drop in aggregate demand. The Keynesian answer then is to increase demand by lowering interest rates. When interest rates are lowered to zero, which they now have been, without a corresponding increase in demand, it is because we are not squandering our money fast enough and thus the government must step in with a “stimulus” and squander it for us. This theory and tactic has worked in the past but will it work now? Not only will this tactic not work, it can’t work because for the first time in history debt, both public and private, has reached exponential growth. A problem caused by too much debt and credit that is too loose cannot be fixed by piling on more debt and more loose credit. More importantly, it can’t work because the underlying productive economy has been destroyed. Our manufacturing has been taken off shore to China, and Mexico. Our information technology has been taken off shore to India. Our financial system is obviously bankrupt.
Is there anything that can be done then to save this economy? Yes, there are many things that we could do which collectively would bring economic recovery very quickly.
End The FED. Monetary reform and economic recovery are not possible unless Congress is able to recover its Constitutional authority over our monetary system. The growth of debt must be stopped and reversed, and the debt based system of monetary creation through interest bearing bank credit must be reversed if we are to recover. The Federal Reserve Act of 1913 should be rescinded and the FED banks liquidated and their assets turned over to the US treasury. It would be acceptable for them to continue under a different name as independent clearinghouse banks. Once Congress regains its Constitutional authority over money, it could issue money based on the full faith and credit of the United States or said another way, based on the labor and productive capacity of the American people. This money and credit would keep the economy functioning and prevent depression while we transitioned from our present debt based system to the gold standard. Some type of income restitution should be considered to replace money stolen from the American people through the FED’s 95 years of fraud and theft. It could be called a negative income tax or income restitution, or simply a people’s dividend. This people’s dividend could be paid from Congress directly to the American people on a monthly basis for a temporary period of two years. The payments, which would assist with the government’s transition to a gold standard would replace much of our current welfare system and would go equally to all citizens who are eighteen years of age or older and who are not in prison, on parole or on probation. The two year time period would give Congress plenty of time for the transition as well as time to evaluate the dividend’s effectiveness.
Withdraw From Both Wars Immediately. Our nation has never been able to pay for these wars except through massive debt or massive inflation. Immediate withdrawal would save at least a trillion dollars.
Secure Our Borders. Securing our borders would relieve pressure on the social systems of state and local governments which are now asking for bailouts of their own. The Federal Government should perform its constitutionally mandated duty under Article 4, Section 4 and protect the states from invasion. All immigration, even legal immigration, should be stopped until our borders are secure and our social systems and economy are under control. Immigration laws should be enforced within the United States. This would save several hundred billion dollars per year.
Repeal All So Called Free Trade Agreements Such As NAFTA, WTO, and GATT. These agreements serve the interests of international mega corporations and foreign governments at the expense of the American people by encouraging manufacturing jobs to locate off shore. These agreements also serve to destroy small farms and small businesses in favor of those same mega corporations thus rendering the American people dependent on the whims of government for the necessities of life. This would save several hundred billion dollars per year.
Withdraw From All Foreign Alliances and International Organizations. These agreements and organizations such as the UN and NATO continually seek to destroy American sovereignty and tend to lead us into foreign wars that have little or nothing to do with the defense of America. A free and independent people should have no part in such agreements and organizations. This would save hundreds of billions of dollars per year and would allow for the rebuilding of our military for the true defense of the American people and our way of life.
Close Down Much Of The Federal Government. Many federal departments such as the Department of Education, Department of Energy, Department of Transportation, and the Department of Commerce serve no useful purpose and should be closed and their assets liquidated and returned to the US treasury. The primary effect of these departments seems to be the increase of government power and control over the lives of the American people. This would save at least several hundred billion dollars per year.
Abolish The IRS And The Income Tax. The cost saving ideas previously listed and discussed would allow for a balanced budget and the American economy would rebound very quickly. The government, then reduced to Constitutional size, could easily be funded by a small, non-punitive, tariff. There should be no direct federal tax on the American people. This would save untold amounts of money.
Repudiate All Public Debt To The Banks. Public and private debt are very different in that a private debtor voluntarily pledges his own assets, income, etc. in return for a loan and thus the creditor foregoes the use of present money in expectation of being repaid with interest. A public debtor, on the other hand, pledges other people’s future income and assets which that public debtor must take from those people by force. None of them had direct say in the making of the debt. In addition, much public debt to the banks was incurred through fraud and extortion of the kind that occurred when Congress was intimidated into voting for the bailout with threats of civil unrest and martial law. These tactics would land most people in prison if used in private business deals. Foreign governments who hold American debt should be assured of repayment and their investments should be protected as much as possible thus foreign trade could continue and government could continue to be funded. There should be plenty of money available to redeem our bonds, etc. from foreign governments and this would have the additional benefit of reducing our dependence and vulnerability to blackmail.
The Portion Of The Public Debt Owed To Other Federal Agencies Should Be Written Off. The federal government carries a large amount of debt owed to various departments of the Federal Government and this debt should be written of and stricken from the books.
If the Federal Government would take the steps outlined in this article the American economy would not only recover but would unleash a new era of innovation and production. Do Congress and the new President care enough about the American people, their lives, their families, their liberty, their security and their peace to do these things? So far the answer appears to be no, but time will tell. If the Federal Government were to take these steps, it should then back off and leave the economy alone. As someone once said, “there is no problem that government can’t make worse”. Personal and business debt would be shaken out through payment, write-offs, bankruptcy, and other methods. There would be a quick recovery and balance sheets would soon return to normal. Instead, our government has reduced interest rates to zero and will soon “stimulate” the economy with hundreds of billions of dollars of borrowed or created money which will make the problem worse, a lot worse. What happens when the government’s tactics do not work? Well, I suppose that is one reason why all those Federal troops have been assigned to Northern Command.
I recently asked a couple questions of a group of my friends that are helping figure this mess out. Here is a question and answer that I thought you would be interested in.
How can it benefit a free person to tell his employees (the government) how much capital he was able to produce during the proceeding year?
It doesn’t. By definition, a slaveowner claims rights to the produce of any slave he owns. The government claims rights to your wages. That makes you a slave, not a free person. The government is no more your employee than any other criminal is the employee of his victim, or the slaveholder the employee of his slave. Getting your resources from someone else, particularly when the source does it, not in return for your goods or services, but instead under threat of punishment, doesn’t make you an employee of the source – it makes you a criminal and the source a victim. An employee can be fired. A criminal who is victimizing you cannot.
Power of a “County Sheriff”
Bighorn County Sheriff Dave Mattis spoke at a press conference following a recent U.S. District Court decision (Case No. 2:96-cv-099-J (2006)) and announced that all federal officials are forbidden to enter his county without his prior approval …… “If a sheriff doesn’t want the Feds in his county he has the constitutional right and power to keep them out, or ask them to leave, or retain them in custody.”
The court decision was the result of a suit against both the BATF and the IRS by Mattis and other members of the Wyoming Sheriff’s Association. The suit in the Wyoming federal court district sought restoration of the protections enshrined in the United States Constitution and the Wyoming Constitution.
Guess what? The District Court ruled in favor of the sheriffs. In fact, they stated, Wyoming is a sovereign state and the duly elected sheriff of a county is the highest law enforcement official within a county and has law enforcement powers exceeding that of any other state or federal official.”
Re-read this quote.
The court confirms and asserts that “the duly elected sheriff of a county is the highest law enforcement official within a county and has law enforcement powers EXCEEDING that of any other state or federal official.”
And you thought the 10th Amendment was dead and buried — not in Wyoming, not yet. But it gets even better. Since the judge stated that the sheriff “has law enforcement powers EXCEEDING that of any other state OR federal official,” the Wyoming sheriffs are flexing their muscles. They are demanding access to all BATF files. Why? So as to verify that the agency is not violating provisions of Wyoming law that prohibits the registration of firearms or the keeping of a registry of firearm owners. This would be wrong.
The sheriffs are also demanding that federal agencies immediately cease the seizure of private property and the impoundment of private bank accounts without regard to due process in Wyoming state courts.
Gosh, it makes one wish that the sheriffs of the counties relative to Waco, Texas and Oklahoma City, Oklahoma regarding their jurisdictions were drinking the same water these Wyoming sheriffs are. Sheriff Mattis said, “I am reacting in response to the actions of federal employees who have attempted to deprive citizens of my county of their privacy, their liberty, and their property without regard to constitutional safeguards. I hope that more sheriffs all across America will join us in protecting their citizens from the illegal activities of the IRS, EPA, BATF, FBI, or any other federal agency that is operating outside the confines of constitutional law.
Employees of the IRS and the EPA are no longer welcome in Bighorn County unless they intend to operate in conformance to constitutional law.” [Amen].
Sheriffs have enormous power, if or when they choose to use it. I share the hope of Sheriff Mattis that “more sheriffs all across America will join us in protecting their citizens.” If Wyoming Sheriffs can follow in the steps of former Arizona Sheriff Richard Mack and recognize both their power and authority, they could become champions for the memory of Thomas Jefferson who died thinking that he had won those “states’ rights” debates with Alexander Hamilton.
This case is not just some amusing mountain melodrama. This is a BIG deal. This case is yet further evidence that the 10th Amendment is not yet totally dead, or in a complete decay in the United States. It is also significant in that it can, may, and hopefully will be interpreted to mean that “political subdivisions of a State are included within the meaning of the amendment, or that the powers exercised by a sheriff are an extension of those common law powers which the 10th Amendment explicitly reserves to the People, if they are not granted to the federal government or specifically prohibited to the States.”
How we can Accomplish this?
We have researched many areas and found a county with a very small population that has good water, soil and climate. We have said several times we are going to “Take over the County” which is not a good description of what we will be doing. We will be moving to this county and becoming GOOD neighbors, getting involved in the county’s business, building up the economy and improving living conditions for everyone. We will not be forcefully taking over anyones lives or their county, we will show and educate the local residents as how they can be more prosperous, happy, and enjoy the lives they were meant to live by allowing them to exercise their rights and freedoms guaranteed by upholding the Rule of Law and the Constitution.
In essence we will be taking over the County in respect to government, we will have more or as many residents in our group than there are residents in the county to make sure the elections are like the Democrats and Republicans have done for years, we will in effect be appointing our own Candidate via the voting.
This means that everyone that moves to this county is responsible for their own lives, their behavior and well being of everyone. Each is responsible for their own livelihoods, their homes and upbringing of their children. Each will be expected to stand together and give support to the Sheriff when or if needed.
This move will not be a breeze so to speak, there will be a lot of problems just as there are all over the country but we will have a better chance at surviving the coming problems in this country as we will have the knowledge and safety of being able to sustain our lives using our own good sense and being prepared for the worst and hoping for the best.
This will not be easy or cheap. We have to have our own power, water and land to grow our food and live on. We are looking now for someone who will finance a large tract which will be paid back by the people who will be taking ownership of that section of land. We will have to drill at least one large well to supply us all with water both for our living and the crops and animals. There will need to be a independant power source and with the folks that have already signed up there will be no problem in building this.
If you would like to be a part of this movement join our Yahoo group freedomisnotdead to keep up with the information we are finding out daily.
If you would like to help us show others how to successfully take back our freedoms then help us with donations to fund the necessary work that will have to be done before anyone can move on the land. Every dollar will go to this project and will pay you back in dividends of showing other counties they can also be freedom counties which will benefit everyone in this country by showing the corporate powers they are not the governing body.
Please give us your support and help us make this one project that will set a course for the future.
All of our futures !
The Fair Tax plan was created by and is supported by American citizens, not by the lobbyists who run Congress. So, inherently, it garners trust because it was created outside Washington DC.
It repeals the income tax, corporate tax, payroll taxes (FICA and MEDI), gift tax, and estate tax and replaces the current revenue stream with a national retail sales tax.
It lessens or solves so many problems that Congress has created by currying favor with special interests over so many years, including many of the problems that have led to the current economic crisis.
For example, eliminating the corporate tax and income tax will flood this country with investment from overseas. And with investment, jobs that we have been off-shoring for years will come back. Everyone wins except the lobbyists.
By taxing consumption and rebating life’s necessities, it’s effective rate (tax paid minus rebate) starts at zero and approaches the maximum rate the more you spend. So, the wealthy, who spend more, pay more.
It encourages savings and investment because investment gains not taxed. (What an idea!)
There are no loopholes.
Federal taxes are no longer withheld from wage earners and Joe-The-Taxpayer doesn’t have to file anything with the Federal Government.
In fact, only businesses that sell at retail have to file and its a simple percentage of their sales AND the business is compensated with a small percentage of the tax remitted to offset its own compliance costs.
By eliminating the ability of Congress to manipulate the Byzantine Internal Revenue Code, the power of lobbyists over the Federal government is greatly diminished. And Congress won’t be spending time on its interminable tweaking of the I.R.C.
Written by Darrell Castle
Constitution Party 2008 Vice Presidential Candidate
Should Fannie Mae and Freddie Mac be allowed to fail? That is the question that the United States Government (USG) faces today along with the consequences of failure or the consequences of takeover which is essentially nationalization.
These two private companies guarantee $5.3 trillion of the $12 trillion US mortgage market. They are privately owned and disclaim government backing, but they are called government sponsored enterprises (GSEs). They have always been considered safe investments almost as if the USG does guarantee their safety. Since May, their common and preferred shares have each lost more than half their value which is a big problem for many banks which are heavily invested in their common shares. The decline sinks the banks’ capital base and restricts, even more, the credit once available to the American consumer. The credit market is already restricted to the point that the producing economy is grinding to a halt. This is happening because banks have restricted credit so that they will have money available to cover mortgage losses lest they be nationalized by the USG. In other words, the financial economy which has carried the American economy since the Reagan era is now destroying the consumer economy upon which our entire economic system is based. We all remember President Bush’s advice after 9-11 to ‘go shopping’.
The problem is that shopping is becoming impossible for most people without incurring new debt and sources of credit are drying up. The M1 figures which is all the money held in the American economy such as savings accounts, checking accounts, etc. with which American consumers can purchase without additional debt is about $1.3 trillion. This isn’t nearly enough to purchase the American production (GDP) of $13.8 trillion based on 2007 numbers. The American people fall further and further behind. Their wages are stagnant but inflation is not stagnant which constantly erodes their standard of living. They have the appearance of wealth, but it is all an illusion.
What would be the consequences of the USG’s proposed takeover of Fannie and Freddie? Will the already strapped American taxpayers have to absorb the $5.3 trillion of their debt thus almost doubling the public debt? Probably not, because not all of the Fannie and Freddie mortgages are junk. Those that are junk will have to be separated and dealt with. The common stockholders will probably take a bath but the preferred stockholders such as China with almost $400 billion and Russia with almost $100 billion can remain dirty. The companies can be run by a conservator such as that appointed in Chapter 11 bankruptcy cases to run failing companies and recover them while writing down the necessary amount of debt within classes. This Nationalization or takeover could save Fannie and Freddie and with them the entire system for a period of time, but a day of reckoning is coming and coming soon. This will add at least $10s of billions of debt to the American taxpayer each year for many years and cause even more inflation and a lower standard of living.
What would be the consequences of allowing Fannie and Freddie to fail? More than likely the consequences would involve a world wide catastrophic collapse of the international financial system. This would mean the end of our debt based economy because no foreign government would buy our debt. Foreign trade based on a trade deficit would dry up and the United States would enter a time of economic depression which would probably be worse than 1929 at least for a short time.
What then should we as a nation do in response to the decision that lies before us? The first order of business is to elect wise, honest, and ethical leaders to lead us through the crises and to make sure the American Republic as originally founded emerges on the other side. I have no doubt that Chuck Baldwin is such a leader, but I have grave doubts about Senators McCain and Obama. If we had a leader such as Chuck Baldwin, I would advise letting the system fail and dealing with the consequences. This is a chance to purge the system of debt which can never be paid, and thus remove the yoke of debt from the necks of the American people. It is a chance to return to a sound money system based on gold and silver as originally proposed. It is a chance to be free of the Federal Reserve and of the income tax. In short, we could restore our system to what it was designed to be and the American people could live in peace, prosperity, and liberty.
The collapse of the current debt pyramid system is inevitable. The USG and even the Federal Reserve cannot repeal the laws of economics no matter how much they want to. The question before us is will we choose to continue the present course which will lead to a hyperinflationary event such as what happened in Weimar Germany in 1933 and led to the rise of Hitler and WWII, or will we suffer a depression which could prove to be worse and of longer duration than the great depression of 1929. It is incumbent, therefore, upon this generation which has enjoyed the false benefits of this system for so long and which has been so profligate in its ways, to bare this hardship so that future generations, yet unborn, will not have to bare them. If we act quickly, we have the ability to control events and make our own decisions, but soon someone or some event will make the decision for us. This is the system that has been bequeathed to us.
Constitution Party of Missouri • • email@example.com