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	<title>Screwed by Uncle Sam &#187; Federal Reserve</title>
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	<description>“Whenever one gives government the power to do something FOR HIM, he gives government the power to do something TO HIM. “</description>
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		<title>Is Your Money, &quot;Money&quot;? Or is it &quot;Debt&quot;?</title>
		<link>http://screwedbyunclesam.com/123/is-your-money-money-or-is-it-debt/</link>
		<comments>http://screwedbyunclesam.com/123/is-your-money-money-or-is-it-debt/#comments</comments>
		<pubDate>Thu, 15 Oct 2009 23:49:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Executive Screwing]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Screwed by Bankers]]></category>
		<category><![CDATA[Banking & Finance]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[legal tender]]></category>
		<category><![CDATA[money]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/122/is-your-money-money-or-is-it-debt/</guid>
		<description><![CDATA[Well, which is it? If it is &#8220;money&#8221;, why do &#8220;federal reserve notes&#8221; say that it is &#8220;legal tender&#8221;? Good question. If it is a debt, why isn&#8217;t it &#8220;money&#8221;?
If you really take the time to ask these good questions, and others, some easy research will educate you to the truth. Yes, the truth, and [...]]]></description>
			<content:encoded><![CDATA[<p>Well, which is it? If it is &#8220;money&#8221;, why do &#8220;federal reserve notes&#8221; say that it is &#8220;legal tender&#8221;? Good question. If it is a debt, why isn&#8217;t it &#8220;money&#8221;?</p>
<p>If you really take the time to ask these good questions, and others, some easy research will educate you to the truth. Yes, the truth, and NOT what is often referred as &#8220;common knowledge&#8221;.</p>
<p>When it comes to Uncle Sam, the truth is what is actually written in the law (not what isn&#8217;t), what is written in the regulations implementing the law, and of course, what a conniving lawyer can get a court to say what the law is.</p>
<p>In every day American language, money is what ever you want to use to exchange goods and services. If chicken noodle soup cans can be used to pay your neighbor&#8217;s kid for cutting your lawn, then those soup cans are &#8220;money&#8221;.</p>
<p>We started out in this country using aside from the barter system coin, both gold and silver, but of course, the banking community took care of that and conveniently exchanged (with the help of Franklin Delano Roosevelt) real &#8220;lawful money&#8221; for paper money, or what is lawfully called &#8220;currency&#8221;. Yes, the dollars you have in your pocket is lawfully, &#8220;U. S. Government currency&#8221;. Now, if I pay my neighbor&#8217;s kid for cutting my lawn with the government&#8217;s currency, and the kid accepts it as a &#8220;tender in payment&#8221;, then I&#8217;ve fulfilled my obligation and paid the kid.</p>
<p>But the government doesn&#8217;t stop there. It goes further. Read on&#8230;</p>
<blockquote><p>12 USC Sec. 411 TITLE 12 &#8211; BANKS AND BANKING CHAPTER 3 &#8211; FEDERAL RESERVE SYSTEM SUBCHAPTER XII &#8211; FEDERAL RESERVE NOTES Sec. 411. Issuance to reserve banks; nature of obligation; redemption Federal reserve notes, to be issued at the <strong>discretion of the Board of Governors</strong> of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as <strong>hereinafter</strong> set forth and for no other purpose, are authorized. The said notes shall be <strong>obligations of the United States</strong> and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other <strong>public dues</strong>. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.</p></blockquote>
<p>So, if you read the emphasized words in the quote in one sentence and translate it to every day American English, it will read as this:</p>
<blockquote><p>An unelected private group of bankers, here now and now forever, sell obligations (debt instruments) of the United States government (to the United States) and will pay this debt with revenue from public taxes (from you and me)</p></blockquote>
<p>And Oh, by the way.  If you use it because you thought it was “money”, well hey, that’s your problem!</p>
<p>There’s more to this story.  I just gave you this snippet just to make you think for yourself.  Can you at least question on your own, using your own smarts and not what is spoon fed by government schools and their media proponents?</p>
<p>Think!  Just think!  Your money is a DEBT!  Not an asset (gold and silver) that it used to be.</p>
<p>So look again.  Which is it?  Money or Debt?</p>
<p>Perhaps you’ve been getting screwed by Uncle Sam because you didn’t know that you&#8217;ve been <em><strong>using</strong></em> dollars as both-Money and Debt!</p>
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		<title>Uncle Sam Screws America with Accounting Tricks!</title>
		<link>http://screwedbyunclesam.com/118/uncle-sam-screws-america-with-accounting-tricks/</link>
		<comments>http://screwedbyunclesam.com/118/uncle-sam-screws-america-with-accounting-tricks/#comments</comments>
		<pubDate>Sun, 06 Sep 2009 12:20:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Screwed by Bankers]]></category>
		<category><![CDATA[Screwed by Congress]]></category>
		<category><![CDATA[Screwed by the IRS]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[America Screwed]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[us dollar]]></category>
		<category><![CDATA[us treasury]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/118/uncle-sam-screws-america-with-accounting-tricks/</guid>
		<description><![CDATA[Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn&#8217;t just a game either; there [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p>Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn&#8217;t just a game either; there are material, legal, and ethical consequences when it&#8217;s done wrong.</p>
<p>As an example of the accounting fictions used daily to dupe the public, consider the US dollars the United States claims to own in the Treasury &quot;coffers.&quot; Now brace yourself, because this explanation is going to remind many readers of Alice tumbling down the rabbit hole. </p>
<p>All of the interests the United States has in US dollars are cancelled out by liabilities on the Federal Reserve Balance Sheet, so that they have no effect of ownership. </p>
<p>The United States owns no domestic money when its off-budget entities are incorporated into its balance sheet. The Treasury general fund is an accounting fantasy. So this begs the question; what happens to tax dollars?</p>
</blockquote>
<p>Read more how the federal government does not account for its money as federal law says your businesses have to account their money. </p>
<p>Click this <a href="http://mises.org/story/3667">&quot;The United States owns no domestic money.&quot;</a> and be amazed.</p>
<p>&#160;</p>
<p>Publius</p>
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		<title>Federal Reserve Bank Doesn&#8217;t Pay Taxes on the Billions of Interest Income it Earns!</title>
		<link>http://screwedbyunclesam.com/16/federal-reserve-bank-doesnt-pay-taxes-on-the-billions-of-interest-income-it-earns/</link>
		<comments>http://screwedbyunclesam.com/16/federal-reserve-bank-doesnt-pay-taxes-on-the-billions-of-interest-income-it-earns/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 15:41:05 +0000</pubDate>
		<dc:creator>publius</dc:creator>
				<category><![CDATA[Screwed by Bankers]]></category>
		<category><![CDATA[Banking & Finance]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[screwed]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/?p=16</guid>
		<description><![CDATA[That&#8217;s right.
While you and I are continuously harassed by the IRS to pay &#8220;Our fair share&#8221;, the one entity responsible for the boom-and-bust cycles of our economy, doesn&#8217;t pay one thin dime of income tax on billions of dollars of income it earns every year.
But, &#8220;why should they, they&#8217;re the government&#8221;, you ask, no?
Um, no, [...]]]></description>
			<content:encoded><![CDATA[<p>That&#8217;s right.</p>
<p>While you and I are continuously harassed by the IRS to pay &#8220;Our fair share&#8221;, the one entity responsible for the boom-and-bust cycles of our economy, doesn&#8217;t pay one thin dime of income tax on billions of dollars of income it earns every year.</p>
<p>But, &#8220;why should they, they&#8217;re the government&#8221;, you ask, no?</p>
<p>Um, no, they are not the government.  They are a banking corporation created by Congress.  And if they were &#8220;government&#8221;, why would they need a special exemption put into law?</p>
<p>Read the statute yourself:</p>
<blockquote><p><a>U.S. Code</a><br />
12 USC Sec. 531 01/16/96</p>
<p>-EXPCITE-<br />
TITLE 12 &#8211; BANKS AND BANKING<br />
CHAPTER 4 &#8211; TAXATION<br />
SUBCHAPTER I &#8211; FEDERAL RESERVE BANKS</p>
<p>-HEAD-<br />
Sec. 531. Exemption from taxation</p>
<p>-STATUTE-<br />
Federal reserve banks, including the capital stock and surplus<br />
therein and the income derived therefrom, shall be exempt from<br />
Federal, State, and local taxation, except taxes upon real estate.</p></blockquote>
<p>So keep slaving away at your jobs, keep paying &#8220;your fair share&#8221;, and while you&#8217;re doing so, private companies and investors, both here in America and Off-shore (foreigners), are laughing all the way to the bank!</p>
<p>The &#8220;I don&#8217;t have to pay my fair share&#8221; bank known as the Federal Reserve knows you don&#8217;t care that your sweat and energy goes to line their pockets!</p>
<p>America, you are so screwed!</p>
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		<title>Central bankers wary of deflation &#8211; (How Americans Get Screwed)</title>
		<link>http://screwedbyunclesam.com/14/central-bankers-wary-of-deflation-how-americans-get-screwed/</link>
		<comments>http://screwedbyunclesam.com/14/central-bankers-wary-of-deflation-how-americans-get-screwed/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 16:52:10 +0000</pubDate>
		<dc:creator>publius</dc:creator>
				<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Screwed by Bankers]]></category>
		<category><![CDATA[America Screwed]]></category>
		<category><![CDATA[Banking & Finance]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/?p=14</guid>
		<description><![CDATA[Yes, read this little ditty about how the banks are &#8220;wary&#8221; of deflation.
Central bankers wary of deflation &#8211; Yahoo! News
But what is &#8220;deflation&#8221; anyway?  To you and me, its when the economy contracts, and we spend less, save more, and the cost of goods and services go down.
So what&#8217;s wrong with that?
The Bankers obviously [...]]]></description>
			<content:encoded><![CDATA[<p>Yes, read this little ditty about how the banks are &#8220;wary&#8221; of deflation.</p>
<p><a href="http://news.yahoo.com/s/nm/20081121/bs_nm/us_financial6_61">Central bankers wary of deflation &#8211; Yahoo! News</a></p>
<p>But what is &#8220;deflation&#8221; anyway?  To you and me, its when the economy contracts, and we spend less, save more, and the cost of goods and services go down.</p>
<p>So what&#8217;s wrong with that?</p>
<p>The Bankers obviously define &#8220;deflation&#8221; a little differently.  When we the consumer, spend less, the Bankers are <strong>LENDING</strong> less.  When we are saving more, we are also paying off <strong>MORE DEBT</strong> from the Bankers.  When the cost of goods and services drop, the value of the Banker&#8217;s collateral drops as well.</p>
<p>Now you get it?  Deflation must be stopped!  The Banker&#8217;s control on the economy and government must be maintained-<strong>AT ALL COSTS</strong>.  Including if it keeps inflation roaring and you in <strong>PERPETUAL DEBT</strong>!</p>
<p>You see, the Banker&#8217;s profits and control matters.  You don&#8217;t!!</p>
<p>And who keeps this inflationary, print worthless dollars out-the-whazzou scam, going on here in the United States?  Why, Uncle Sam does!   Uncle Sam&#8217;s agents at the Federal Reserve and your government officials, elected or otherwise!</p>
<p>Yes, America.  When the Bankers fight &#8220;deflation&#8221;, you get <strong>SCREWED AGAIN</strong>!</p>
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		<title>Secrets of the Federal Reserve</title>
		<link>http://screwedbyunclesam.com/11/secrets-of-the-federal-reserve/</link>
		<comments>http://screwedbyunclesam.com/11/secrets-of-the-federal-reserve/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 15:09:17 +0000</pubDate>
		<dc:creator>publius</dc:creator>
				<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Main Content]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/?p=11</guid>
		<description><![CDATA[For those of you that have been utterly confused by the recent financial collapses, here&#8217;s a terrific history on the Federal Reserve.
Go ahead and try to refute the facts.  It will scare you when you realize just what kind of &#8220;company&#8221; Ben Bernanke really works for!
Secrets of the Federal Reserve
Once again America, You&#8217;ve been Screwed [...]]]></description>
			<content:encoded><![CDATA[<p>For those of you that have been utterly confused by the recent financial collapses, here&#8217;s a terrific history on the Federal Reserve.</p>
<p>Go ahead and try to refute the facts.  It will scare you when you realize just what kind of &#8220;company&#8221; Ben Bernanke really works for!</p>
<p><a href="http://www.apfn.org/apfn/reserve.htm">Secrets of the Federal Reserve</a></p>
<p>Once again America, You&#8217;ve been Screwed by Uncle Sam!</p>
]]></content:encoded>
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		<title>Taking Out a Patriot: The Railroading of James Traficant</title>
		<link>http://screwedbyunclesam.com/2/taking-out-a-patriot-the-railroading-of-james-traficant/</link>
		<comments>http://screwedbyunclesam.com/2/taking-out-a-patriot-the-railroading-of-james-traficant/#comments</comments>
		<pubDate>Sun, 17 Aug 2008 16:55:17 +0000</pubDate>
		<dc:creator>publius</dc:creator>
				<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Main Content]]></category>
		<category><![CDATA[Screwed by the IRS]]></category>

		<guid isPermaLink="false">http://www.screwedbyunclesam.com/?p=2</guid>
		<description><![CDATA[Hello Freedom Loving Americans!
Below is a link to the government&#8217;s screwing over of Congressman&#8217;s James Traficant. All because he had the audacity of even questioning the validity of the Federal Reserve and the Internal Revenue Service.
Taking Out a Patriot: The Railroading of James Traficant

Keep living that &#8220;we live in a free country&#8221; illusion&#8230;
]]></description>
			<content:encoded><![CDATA[<p><em>Hello Freedom Loving Americans!<br />
Below is a link to the government&#8217;s screwing over of Congressman&#8217;s James Traficant. All because he had the audacity of even questioning the validity of the Federal Reserve and the Internal Revenue Service.</em></p>
<p><a href="http://educate-yourself.org/cn/railroadingjamestraficant3jul02.shtml">Taking Out a Patriot: The Railroading of James Traficant</a></p>
<p><em><br />
Keep living that &#8220;we live in a free country&#8221; illusion&#8230;</em></p>
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