What Comes After $1 TRILLION ?

What Comes After $1 TRILLION ? Why it’s a QUADRILLION ! 1000 times more than just a TRILLION !

Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP !

By Peter Cohan
Posted back in June of 2010…06/09/10

>> One of the biggest risks to the world’s financial health is the >> $1.2 quadrillion << derivatives market. << It’s complex, it’s unregulated, and it ought to be of concern to world leaders that >> its notional value is 20 times the size of the world economy. << But traders rule the roost — and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so.

A quadrillion is a big number: 1,000 times a trillion. Yet according to one of the world’s leading derivatives experts, Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University (and whose speaking voice sounds eerily like John Lennon’s), $1.2 quadrillion is the so-called notional value of the worldwide derivatives market. (That was 2010 baby !…What are the chances this synthetic crap is notionally valued at MUCH more in 2012 ?)

To put that in perspective, the world’s annual gross domestic product is between $50 trillion and $60 trillion.

Continues at: http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/

 

Posted in Amerika's Continuing Economic Nightmare, Desperation Nation, Exposing the Banking & Foreclosure Scam, People & Organizations Eligible For THE ROPE !, Soulless Corporatism, They Lie ! They ALWAYS Lie !, Too Big To Function !, Too Dumb To Function !, Worldwide Financial Accident Scenes | Comments Off

Why The Titanic (?) May Have Been Sunk On Purpose ! “Follow the money !”

Hmmm…

Why The Titanic (?) May Have Been Sunk On Purpose ! As Bernstein and Woodward’s Deep Throat said: “Follow the money !”

This theory has been advanced before, but this is the best and most thorough explanation so far…That the Titanic was actually its sister (almost a twin) the Olympic ! From 2009…approx. 54 min.

>> Pay very close attention to 10:03 in Part 5…

Part 1 http://www.youtube.com/watch?v=II-JVcaW0O0

Part 2 http://www.youtube.com/watch?v=QULhLgsDhVQ

Part 3 http://www.youtube.com/watch?v=np_2MMJKjTs

Part 4 http://www.youtube.com/watch?v=iDxcjVXGhcM

Part 5 http://www.youtube.com/watch?v=B0ybLmJURYU

Part 6 http://www.youtube.com/watch?v=l22oMFERNNo

Posted in Conspiracies That May Actually Exist..., Soulless Corporatism | Comments Off

Pres. Obama’s Latest Executive Order (unnumbered, by the way) (National Defense Resources Preparedness – Fri 3.16.12) Solidifies And Seizes Control Over All FOOD, FARMS, LIVESTOCK, FARM EQUIPMENT, FERTILIZER And FOOD PRODUCTION Across Amerika ! We Are Officially FUBARed !

Pres. Obama’s Latest Executive Order (unnumbered, by the way) (National Defense Resources Preparedness – Fri 3.16.12) Solidifies And Seizes Control Over All FOOD, FARMS, LIVESTOCK, FARM EQUIPMENT, FERTILIZER And FOOD PRODUCTION Across Amerika ! We Are Officially FUBARed !

Learn more: http://www.naturalnews.com/035301_Obama_executive_orders_food_supply.html#ixzz1pgIuBisn

http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness

Posted in Amerika's Continuing Economic Nightmare, Conspiracies That May Actually Exist..., D O O M Everywhere...!, Desperation Nation, FOOD = SURVIVAL, Freedom Movement, Government Is A Racket !, Government Out Of Control, Lockdown of Amerika, People & Organizations Eligible For THE ROPE !, Reality Check, Soulless Corporatism, Survival Files, They Lie ! They ALWAYS Lie !, Too Big To Function !, Too Dumb To Function ! | Comments Off

New Presidential Executive Order Seizes Total Control Over ALL Civilian Activities !

Signed on Friday as all the dumbed down Amerikans were getting ready for the mindless celebration of, yet, another, useless “holiday” ! See ya in the gulag ! Remember to bring your own Febreze ! LOL !

New Presidential Executive Order Seizes Total Control Over ALL Civilian Activities !

Barbara H. Peterson – Farm Wars

http://farmwars.info/?p=8052

A new Executive Order signed on March 16, 2012, gives Obama the power to seize all forms of transportation, food, and any other civilian services including health care, for national defense, as well as to conscript necessary persons for a National Defense Executive Reserve. This is an all-inclusive E.O. that executes total control over everything from home gardens to any form of transportation, to forcing people to work for the collective. Read it and weep.
For those who think this new Executive Order will not affect you because you think we are not in a “national emergency,” understand that WE ARE, with Iran as the excuse. Obama signed a “Continuation of the National Emergency with Respect to Iran” on March 13, just three days before the following E.O.
The following submitted by Annie DeRiso
The White House
Office of the Press Secretary
For Immediate Release
March 16, 2012
Executive Order — National Defense Resources Preparedness
EXECUTIVE ORDER
NATIONAL DEFENSE RESOURCES PREPAREDNESS
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. App. 2061 et seq.), and section 301 of title 3, United States Code, and as Commander in Chief of the Armed Forces of the United States, it is hereby ordered as follows:
PART I  –  PURPOSE, POLICY, AND IMPLEMENTATION
Section101.  Purpose.  This order delegates authorities and addresses national defense resource policies and programs under the Defense Production Act of 1950, as amended (the “Act”).
Sec. 102.  Policy.  The United States must have an industrial and technological base capable of meeting national defense requirements and capable of contributing to the technological superiority of its national defense equipment in peacetime and in times of national emergency.  The domestic industrial and technological base is the foundation for national defense preparedness.  The authorities provided in the Act shall be used to strengthen this base and to ensure it is capable of responding to the national defense needs of the United States.
Sec. 103.  General Functions.  Executive departments and agencies (agencies) responsible for plans and programs relating to national defense (as defined in section 801(j) of this order), or for resources and services needed to support such plans and programs, shall:
(a)  identify requirements for the full spectrum of emergencies, including essential military and civilian demand;
(b)  assess on an ongoing basis the capability of the domestic industrial and technological base to satisfy requirements in peacetime and times of national emergency, specifically evaluating the availability of the most critical resource and production sources, including subcontractors and suppliers, materials, skilled labor, and professional and technical personnel;
(c)  be prepared, in the event of a potential threat to the security of the United States, to take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements;
(d)  improve the efficiency and responsiveness of the domestic industrial base to support national defense requirements; and
(e)  foster cooperation between the defense and commercial sectors for research and development and for acquisition of materials, services, components, and equipment to enhance industrial base efficiency and responsiveness.
Sec. 104.  Implementation.  (a)  The National Security Council and Homeland Security Council, in conjunction with the National Economic Council, shall serve as the integrated policymaking forum for consideration and formulation of national defense resource preparedness policy and shall make recommendations to the President on the use of authorities under the Act.
(b)  The Secretary of Homeland Security shall:
(1)  advise the President on issues of national defense resource preparedness and on the use of the authorities and functions delegated by this order;
(2)  provide for the central coordination of the plans and programs incident to authorities and functions delegated under this order, and provide guidance to agencies assigned functions under this order, developed in consultation with such agencies; and
(3)  report to the President periodically concerning all program activities conducted pursuant to this order.
(c)  The Defense Production Act Committee, described in section 701 of this order, shall:
(1)  in a manner consistent with section 2(b) of the Act, 50 U.S.C. App. 2062(b), advise the President through the Assistant to the President and National Security Advisor, the Assistant to the President for Homeland Security and Counterterrorism, and the Assistant to the President for Economic Policy on the effective use of the authorities under the Act; and
(2)  prepare and coordinate an annual report to the Congress pursuant to section 722(d) of the Act, 50 U.S.C. App. 2171(d).
(d)  The Secretary of Commerce, in cooperation with the Secretary of Defense, the Secretary of Homeland Security, and other agencies, shall:
(1)  analyze potential effects of national emergencies on actual production capability, taking into account the entire production system, including shortages of resources, and develop recommended preparedness measures to strengthen capabilities for production increases in national emergencies; and
(2)  perform industry analyses to assess capabilities of the industrial base to support the national defense, and develop policy recommendations to improve the international competitiveness of specific domestic industries and their abilities to meet national defense program needs.
PART II  -  PRIORITIES AND ALLOCATIONS
Sec. 201.  Priorities and Allocations Authorities.  (a)  The authority of the President conferred by section 101 of the Act, 50 U.S.C. App. 2071, to require acceptance and priority performance of contracts or orders (other than contracts of employment) to promote the national defense over performance of any other contracts or orders, and to allocate materials, services, and facilities as deemed necessary or appropriate to promote the national defense, is delegated to the following agency heads:
(1)  the Secretary of Agriculture with respect to food resources, food resource facilities, livestock resources, veterinary resources, plant health resources, and the domestic distribution of farm equipment and commercial fertilizer;
(2)  the Secretary of Energy with respect to all forms of energy;
(3)  the Secretary of Health and Human Services with respect to health resources;
(4)  the Secretary of Transportation with respect to all forms of civil transportation;
(5)  the Secretary of Defense with respect to water resources; and
(6)  the Secretary of Commerce with respect to all other materials, services, and facilities, including construction materials.
(b)  The Secretary of each agency delegated authority under subsection (a) of this section (resource departments) shall plan for and issue regulations to prioritize and allocate resources and establish standards and procedures by which the authority shall be used to promote the national defense, under both emergency and non-emergency conditions.  Each Secretary shall authorize the heads of other agencies, as appropriate, to place priority ratings on contracts and orders for materials, services, and facilities needed in support of programs approved under section 202 of this order.
(c)  Each resource department shall act, as necessary and appropriate, upon requests for special priorities assistance, as defined by section 801(l) of this order, in a time frame consistent with the urgency of the need at hand.  In situations where there are competing program requirements for limited resources, the resource department shall consult with the Secretary who made the required determination under section 202 of this order.  Such Secretary shall coordinate with and identify for the resource department which program requirements to prioritize on the basis of operational urgency.  In situations involving more than one Secretary making such a required determination under section 202 of this order, the Secretaries shall coordinate with and identify for the resource department which program requirements should receive priority on the basis of operational urgency.
(d)  If agreement cannot be reached between two such Secretaries, then the issue shall be referred to the President through the Assistant to the President and National Security Advisor and the Assistant to the President for Homeland Security and Counterterrorism.
(e)  The Secretary of each resource department, when necessary, shall make the finding required under section 101(b) of the Act, 50 U.S.C. App. 2071(b).  This finding shall be submitted for the President’s approval through the Assistant to the President and National Security Advisor and the Assistant to the President for Homeland Security and Counterterrorism.  Upon such approval, the Secretary of the resource department that made the finding may use the authority of section 101(a) of the Act, 50 U.S.C. App. 2071(a), to control the general distribution of any material (including applicable services) in the civilian market.
Sec. 202.  Determinations.  Except as provided in section 201(e) of this order, the authority delegated by section 201 of this order may be used only to support programs that have been determined in writing as necessary or appropriate to promote the national defense:
(a)  by the Secretary of Defense with respect to military production and construction, military assistance to foreign nations, military use of civil transportation, stockpiles managed by the Department of Defense, space, and directly related activities;
(b)  by the Secretary of Energy with respect to energy production and construction, distribution and use, and directly related activities; and
(c)  by the Secretary of Homeland Security with respect to all other national defense programs, including civil defense and continuity of Government.
Sec. 203.  Maximizing Domestic Energy Supplies.  The authorities of the President under section 101(c)(1) (2) of the Act, 50 U.S.C. App. 2071(c)(1) (2), are delegated to the Secretary of Commerce, with the exception that the authority to make findings that materials (including equipment), services, and facilities are critical and essential, as described in section 101(c)(2)(A) of the Act, 50 U.S.C. App. 2071(c)(2)(A), is delegated to the Secretary of Energy.
Sec. 204.  Chemical and Biological Warfare.  The authority of the President conferred by section 104(b) of the Act, 50 U.S.C. App. 2074(b), is delegated to the Secretary of Defense.  This authority may not be further delegated by the Secretary.
PART III  –  EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY
Sec. 301.  Loan Guarantees.  (a)  To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense, as defined in section 801(h) of this order, is authorized pursuant to section 301 of the Act, 50 U.S.C. App. 2091, to guarantee loans by private institutions.
(b)  Each guaranteeing agency is designated and authorized to:  (1) act as fiscal agent in the making of its own guarantee contracts and in otherwise carrying out the purposes of section 301 of the Act; and (2) contract with any Federal Reserve Bank to assist the agency in serving as fiscal agent.
(c)  Terms and conditions of guarantees under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of the Office of Management and Budget (OMB).  The guaranteeing agency is authorized, following such consultation, to prescribe:  (1) either specifically or by maximum limits or otherwise, rates of interest, guarantee and commitment fees, and other charges which may be made in connection with such guarantee contracts; and (2) regulations governing the forms and procedures (which shall be uniform to the extent practicable) to be utilized in connection therewith.
Sec. 302.  Loans.  To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 302 of the Act, 50 U.S.C. App. 2092, to make loans thereunder.  Terms and conditions of loans under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of OMB.
Sec. 303.  Additional Authorities.  (a)  To create, maintain, protect, expand, or restore domestic industrial base capabilities essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303 of the Act, 50 U.S.C. App. 2093, to make provision for purchases of, or commitments to purchase, an industrial resource or a critical technology item for Government use or resale, and to make provision for the development of production capabilities, and for the increased use of emerging technologies in security program applications, and to enable rapid transition of emerging technologies.
(b)  Materials acquired under section 303 of the Act, 50 U.S.C. App. 2093, that exceed the needs of the programs under the Act may be transferred to the National Defense Stockpile, if, in the judgment of the Secretary of Defense as the National Defense Stockpile Manager, such transfers are in the public interest.
Sec. 304.  Subsidy Payments.  To ensure the supply of raw or nonprocessed materials from high cost sources, or to ensure maximum production or supply in any area at stable prices of any materials in light of a temporary increase in transportation cost, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(c) of the Act, 50 U.S.C. App. 2093(c), to make subsidy payments, after consultation with the Secretary of the Treasury and the Director of OMB.
Sec. 305.  Determinations and Findings.  (a)  Pursuant to budget authority provided by an appropriations act in advance for credit assistance under section 301 or 302 of the Act, 50 U.S.C. App. 2091, 2092, and consistent with the Federal Credit Reform Act of 1990, as amended (FCRA), 2 U.S.C. 661 et seq., the head of each agency engaged in procurement for the national defense is delegated the authority to make the determinations set forth in sections 301(a)(2) and 302(b)(2) of the Act, in consultation with the Secretary making the required determination under section 202 of this order; provided, that such determinations shall be made after due consideration of the provisions of OMB Circular A 129 and the credit subsidy score for the relevant loan or loan guarantee as approved by OMB pursuant to FCRA.
(b)  Other than any determination by the President under section 303(a)(7)(b) of the Act, the head of each agency engaged in procurement for the national defense is delegated the authority to make the required determinations, judgments, certifications, findings, and notifications defined under section 303 of the Act, 50 U.S.C. App. 2093, in consultation with the Secretary making the required determination under section 202 of this order.
Sec. 306.  Strategic and Critical Materials.  The Secretary of Defense, and the Secretary of the Interior in consultation with the Secretary of Defense as the National Defense Stockpile Manager, are each delegated the authority of the President under section 303(a)(1)(B) of the Act, 50 U.S.C. App. 2093(a)(1)(B), to encourage the exploration, development, and mining of strategic and critical materials and other materials.
Sec. 307.  Substitutes.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(g) of the Act, 50 U.S.C. App. 2093(g), to make provision for the development of substitutes for strategic and critical materials, critical components, critical technology items, and other resources to aid the national defense.
Sec. 308.  Government-Owned Equipment.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(e) of the Act, 50 U.S.C. App. 2093(e), to:
(a)  procure and install additional equipment, facilities, processes, or improvements to plants, factories, and other industrial facilities owned by the Federal Government and to procure and install Government owned equipment in plants, factories, or other industrial facilities owned by private persons;
(b)  provide for the modification or expansion of privately owned facilities, including the modification or improvement of production processes, when taking actions under sections 301, 302, or 303 of the Act, 50 U.S.C. App. 2091, 2092, 2093; and
(c)  sell or otherwise transfer equipment owned by the Federal Government and installed under section 303(e) of the Act, 50 U.S.C. App. 2093(e), to the owners of such plants, factories, or other industrial facilities.
Sec. 309.  Defense Production Act Fund.  The Secretary of Defense is designated the Defense Production Act Fund Manager, in accordance with section 304(f) of the Act, 50 U.S.C. App. 2094(f), and shall carry out the duties specified in section 304 of the Act, in consultation with the agency heads having approved, and appropriated funds for, projects under title III of the Act.
Sec. 310.  Critical Items.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 107(b)(1) of the Act, 50 U.S.C. App. 2077(b)(1), to take appropriate action to ensure that critical components, critical technology items, essential materials, and industrial resources are available from reliable sources when needed to meet defense requirements during peacetime, graduated mobilization, and national emergency.  Appropriate action may include restricting contract solicitations to reliable sources, restricting contract solicitations to domestic sources (pursuant to statutory authority), stockpiling critical components, and developing substitutes for critical components or critical technology items.
Sec. 311.  Strengthening Domestic Capability.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 107(a) of the Act, 50 U.S.C. App. 2077(a), to utilize the authority of title III of the Act or any other provision of law to provide appropriate incentives to develop, maintain, modernize, restore, and expand the productive capacities of domestic sources for critical components, critical technology items, materials, and industrial resources essential for the execution of the national security strategy of the United States.
Sec. 312.  Modernization of Equipment.  The head of each agency engaged in procurement for the national defense, in accordance with section 108(b) of the Act, 50 U.S.C. App. 2078(b), may utilize the authority of title III of the Act to guarantee the purchase or lease of advance manufacturing equipment, and any related services with respect to any such equipment for purposes of the Act.  In considering title III projects, the head of each agency engaged in procurement for the national defense shall provide a strong preference for proposals submitted by a small business supplier or subcontractor in accordance with section 108(b)(2) of the Act, 50 U.S.C. App. 2078(b)(2).
PART IV  -  VOLUNTARY AGREEMENTS AND ADVISORY COMMITTEES
Sec. 401.  Delegations.  The authority of the President under sections 708(c) and (d) of the Act, 50 U.S.C. App. 2158(c), (d), is delegated to the heads of agencies otherwise delegated authority under this order.  The status of the use of such delegations shall be furnished to the Secretary of Homeland Security.
Sec. 402.  Advisory Committees.  The authority of the President under section 708(d) of the Act, 50 U.S.C. App. 2158(d), and delegated in section 401 of this order (relating to establishment of advisory committees) shall be exercised only after consultation with, and in accordance with, guidelines and procedures established by the Administrator of General Services.
Sec. 403.  Regulations.  The Secretary of Homeland Security, after approval of the Attorney General, and after consultation by the Attorney General with the Chairman of the Federal Trade Commission, shall promulgate rules pursuant to section 708(e) of the Act, 50 U.S.C. App. 2158(e), incorporating standards and procedures by which voluntary agreements and plans of action may be developed and carried out.  Such rules may be adopted by other agencies to fulfill the rulemaking requirement of section 708(e) of the Act, 50 U.S.C. App. 2158(e).
PART V  -  EMPLOYMENT OF PERSONNEL
Sec. 501.  National Defense Executive Reserve.  (a) In accordance with section 710(e) of the Act, 50 U.S.C. App. 2160(e), there is established in the executive branch a National Defense Executive Reserve (NDER) composed of persons of recognized expertise from various segments of the private sector and from Government (except full time Federal employees) for training for employment in executive positions in the Federal Government in the event of a national defense emergency.
(b)  The Secretary of Homeland Security shall issue necessary guidance for the NDER program, including appropriate guidance for establishment, recruitment, training, monitoring, and activation of NDER units and shall be responsible for the overall coordination of the NDER program.  The authority of the President under section 710(e) of the Act, 50 U.S.C. App. 2160(e), to determine periods of national defense emergency is delegated to the Secretary of Homeland Security.
(c)  The head of any agency may implement section 501(a) of this order with respect to NDER operations in such agency.
(d)  The head of each agency with an NDER unit may exercise the authority under section 703 of the Act, 50 U.S.C. App. 2153, to employ civilian personnel when activating all or a part of its NDER unit.  The exercise of this authority shall be subject to the provisions of sections 501(e) and (f) of this order and shall not be redelegated.
(e)  The head of an agency may activate an NDER unit, in whole or in part, upon the written determination of the Secretary of Homeland Security that an emergency affecting the national defense exists and that the activation of the unit is necessary to carry out the emergency program functions of the agency.
(f)  Prior to activating the NDER unit, the head of the agency shall notify, in writing, the Assistant to the President for Homeland Security and Counterterrorism of the impending activation.
Sec. 502.  Consultants.  The head of each agency otherwise delegated functions under this order is delegated the authority of the President under sections 710(b) and (c) of the Act, 50 U.S.C. App. 2160(b), (c), to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations.  The authority delegated by this section may not be redelegated.
PART VI  -  LABOR REQUIREMENTS
Sec. 601.  Secretary of Labor.  (a)  The Secretary of Labor, in coordination with the Secretary of Defense and the heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:
(1)  collect and maintain data necessary to make a continuing appraisal of the Nation’s workforce needs for purposes of national defense;
(2)  upon request by the Director of Selective Service, and in coordination with the Secretary of Defense, assist the Director of Selective Service in development of policies regulating the induction and deferment of persons for duty in the armed services;
(3)  upon request from the head of an agency with authority under this order, consult with that agency with respect to:  (i) the effect of contemplated actions on labor demand and utilization; (ii) the relation of labor demand to materials and facilities requirements; and (iii) such other matters as will assist in making the exercise of priority and allocations functions consistent with effective utilization and distribution of labor;
(4)  upon request from the head of an agency with authority under this order:  (i) formulate plans, programs, and policies for meeting the labor requirements of actions to be taken for national defense purposes; and (ii) estimate training needs to help address national defense requirements and promote necessary and appropriate training programs; and
(5)  develop and implement an effective labor management relations policy to support the activities and programs under this order, with the cooperation of other agencies as deemed appropriate by the Secretary of Labor, including the National Labor Relations Board, the Federal Labor Relations Authority, the National Mediation Board, and the Federal Mediation and Conciliation Service.
(b)  All agencies shall cooperate with the Secretary of Labor, upon request, for the purposes of this section, to the extent permitted by law.
PART VII  -  DEFENSE PRODUCTION ACT COMMITTEE
Sec. 701.  The Defense Production Act Committee.  (a)  The Defense Production Act Committee (Committee) shall be composed of the following members, in accordance with section 722(b) of the Act, 50 U.S.C. App. 2171(b):
(1)   The Secretary of State;
(2)   The Secretary of the Treasury;
(3)   The Secretary of Defense;
(4)   The Attorney General;
(5)   The Secretary of the Interior;
(6)   The Secretary of Agriculture;
(7)   The Secretary of Commerce;
(8)   The Secretary of Labor;
(9)   The Secretary of Health and Human Services;
(10)  The Secretary of Transportation;
(11)  The Secretary of Energy;
(12)  The Secretary of Homeland Security;
(13)  The Director of National Intelligence;
(14)  The Director of the Central Intelligence Agency;
(15)  The Chair of the Council of Economic Advisers;
(16)  The Administrator of the National Aeronautics and Space Administration; and
(17)  The Administrator of General Services.
(b)  The Director of OMB and the Director of the Office of Science and Technology Policy shall be invited to participate in all Committee meetings and activities in an advisory role.  The Chairperson, as designated by the President pursuant to section 722 of the Act, 50 U.S.C. App. 2171, may invite the heads of other agencies or offices to participate in Committee meetings and activities in an advisory role, as appropriate.
Sec. 702.  Offsets.  The Secretary of Commerce shall prepare and submit to the Congress the annual report required by section 723 of the Act, 50 U.S.C. App. 2172, in consultation with the Secretaries of State, the Treasury, Defense, and Labor, the United States Trade Representative, the Director of National Intelligence, and the heads of other agencies as appropriate.  The heads of agencies shall provide the Secretary of Commerce with such information as may be necessary for the effective performance of this function.
PART VIII  -  GENERAL PROVISIONS
Sec. 801.  Definitions.  In addition to the definitions in section 702 of the Act, 50 U.S.C. App. 2152, the following definitions apply throughout this order:
(a)  “Civil transportation” includes movement of persons and property by all modes of transportation in interstate, intrastate, or foreign commerce within the United States, its territories and possessions, and the District of Columbia, and related public storage and warehousing, ports, services, equipment and facilities, such as transportation carrier shop and repair facilities.  “Civil transportation” also shall include direction, control, and coordination of civil transportation capacity regardless of ownership.  “Civil transportation” shall not include transportation owned or controlled by the Department of Defense, use of petroleum and gas pipelines, and coal slurry pipelines used only to supply energy production facilities directly.
(b)  “Energy” means all forms of energy including petroleum, gas (both natural and manufactured), electricity, solid fuels (including all forms of coal, coke, coal chemicals, coal liquification, and coal gasification), solar, wind, other types of renewable energy, atomic energy, and the production, conservation, use, control, and distribution (including pipelines) of all of these forms of energy.
(c)  “Farm equipment” means equipment, machinery, and repair parts manufactured for use on farms in connection with the production or preparation for market use of food resources.
(d)  “Fertilizer” means any product or combination of products that contain one or more of the elements nitrogen, phosphorus, and potassium for use as a plant nutrient.
(e)  “Food resources” means all commodities and products, (simple, mixed, or compound), or complements to such commodities or products, that are capable of being ingested by either human beings or animals, irrespective of other uses to which such commodities or products may be put, at all stages of processing from the raw commodity to the products thereof in vendible form for human or animal consumption.  “Food resources” also means potable water packaged in commercially marketable containers, all starches, sugars, vegetable and animal or marine fats and oils, seed, cotton, hemp, and flax fiber, but does not mean any such material after it loses its identity as an agricultural commodity or agricultural product.
(f)  “Food resource facilities” means plants, machinery, vehicles (including on farm), and other facilities required for the production, processing, distribution, and storage (including cold storage) of food resources, and for the domestic distribution of farm equipment and fertilizer (excluding transportation thereof).
(g)  “Functions” include powers, duties, authority, responsibilities, and discretion.
(h)  “Head of each agency engaged in procurement for the national defense” means the heads of the Departments of State, Justice, the Interior, and Homeland Security, the Office of the Director of National Intelligence, the Central Intelligence Agency, the National Aeronautics and Space Administration, the General Services Administration, and all other agencies with authority delegated under section 201 of this order.
(i)  “Health resources” means drugs, biological products, medical devices, materials, facilities, health supplies, services and equipment required to diagnose, mitigate or prevent the impairment of, improve, treat, cure, or restore the physical or mental health conditions of the population.
(j)  “National defense” means programs for military and energy production or construction, military or critical infrastructure assistance to any foreign nation, homeland security, stockpiling, space, and any directly related activity.  Such term includes emergency preparedness activities conducted pursuant to title VI of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5195 et seq., and critical infrastructure protection and restoration.
(k)  “Offsets” means compensation practices required as a condition of purchase in either government to government or commercial sales of defense articles and/or defense services as defined by the Arms Export Control Act, 22 U.S.C. 2751 et seq., and the International Traffic in Arms Regulations, 22 C.F.R. 120.1 130.17.
(l)  “Special priorities assistance” means action by resource departments to assist with expediting deliveries, placing rated orders, locating suppliers, resolving production or delivery conflicts between various rated orders, addressing problems that arise in the fulfillment of a rated order or other action authorized by a delegated agency, and determining the validity of rated orders.
(m)  “Strategic and critical materials” means materials (including energy) that (1) would be needed to supply the military, industrial, and essential civilian needs of the United States during a national emergency, and (2) are not found or produced in the United States in sufficient quantities to meet such need and are vulnerable to the termination or reduction of the availability of the material.
(n)  “Water resources” means all usable water, from all sources, within the jurisdiction of the United States, that can be managed, controlled, and allocated to meet emergency requirements, except “water resources” does not include usable water that qualifies as “food resources.”
Sec. 802.  General.  (a)  Except as otherwise provided in section 802(c) of this order, the authorities vested in the President by title VII of the Act, 50 U.S.C. App. 2151 et seq., are delegated to the head of each agency in carrying out the delegated authorities under the Act and this order, by the Secretary of Labor in carrying out part VI of this order, and by the Secretary of the Treasury in exercising the functions assigned in Executive Order 11858, as amended.
(b)  The authorities that may be exercised and performed pursuant to section 802(a) of this order shall include:
(1)  the power to redelegate authorities, and to authorize the successive redelegation of authorities to agencies, officers, and employees of the Government; and
(2)  the power of subpoena under section 705 of the Act, 50 U.S.C. App. 2155, with respect to (i) authorities delegated in parts II, III, and section 702 of this order, and (ii) the functions assigned to the Secretary of the Treasury in Executive Order 11858, as amended, provided that the subpoena power referenced in subsections (i) and (ii) shall be utilized only after the scope and purpose of the investigation, inspection, or inquiry to which the subpoena relates have been defined either by the appropriate officer identified in section 802(a) of this order or by such other person or persons as the officer shall designate.
(c)  Excluded from the authorities delegated by section 802(a) of this order are authorities delegated by parts IV and V of this order, authorities in section 721 and 722 of the Act, 50 U.S.C. App. 2170 2171, and the authority with respect to fixing compensation under section 703 of the Act, 50 U.S.C. App. 2153.
Sec. 803.  Authority.  (a)  Executive Order 12919 of June 3, 1994, and sections 401(3) (4) of Executive Order 12656 of November 18, 1988, are revoked.  All other previously issued orders, regulations, rulings, certificates, directives, and other actions relating to any function affected by this order shall remain in effect except as they are inconsistent with this order or are subsequently amended or revoked under proper authority.  Nothing in this order shall affect the validity or force of anything done under previous delegations or other assignment of authority under the Act.
(b)  Nothing in this order shall affect the authorities assigned under Executive Order 11858 of May 7, 1975, as amended, except as provided in section 802 of this order.
(c)  Nothing in this order shall affect the authorities assigned under Executive Order 12472 of April 3, 1984, as amended.
Sec. 804.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect functions of the Director of OMB relating to budgetary, administrative, or legislative proposals.
(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
BARACK OBAMA

THE WHITE HOUSE,

March 16, 2012.
http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness

Posted in Amerika's Continuing Economic Nightmare, D O O M Everywhere...!, Desperation Nation, FOOD = SURVIVAL, Freedom Movement, Government Is A Racket !, Government Out Of Control, Lockdown of Amerika, Obama - The Fabricated Man ?, People & Organizations Eligible For THE ROPE !, Reality Check, Soulless Corporatism, They Lie ! They ALWAYS Lie !, Too Big To Function !, Too Dumb To Function !, Worldwide Financial Accident Scenes | Comments Off

U.S. Bridges And Roads Being Built By Chinese Companies !

This is from September 2011…And, this is Crazy !

Cities are hiring Chinese instead of American workers for building projects !

http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513?tab=9482930?ion=1206853&playlist=14594944

 

 

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Amerika’s priorities ! Annual Pet Spending Reaches All-Time High !

We’re beyond help !

Amerika’s priorities ! Can you imagine this ? Soon there may be referendums asking for pets to be declared “people” ! No wonder we’re F-ed ! $50.96 BILLION ! Gaak !

Annual Pet Spending Reaches All-Time High !

http://www.thestarpress.com/article/20120303/BUSINESS/203030311/Annual-pet-spending-reaches-all-time-high

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The Two Economic Clutch Type Events Of This Period

Not so good…

The Two Economic Clutch Type Events Of This Period

March 2, 2012, at 12:20 pm by Jim Sinclair in the category

My Dear Extended Family,

The history of this period will focus attention on two economic clutch type events. These events will have mandated the need for the construction of a new monetary system utilizing a virtual reserve currency traded only by central banks. This reserve currency will be related to gold via a global Western world M3.

An economic clutch type event is one that by its occurrence allows the world to shift gears and change into a new economic velocity and direction.

>> The first economic clutch event took place when the decision was made that the US Federal Reserve and US Treasury would not support a rescue of the prestigious investment firm of Lehman Brothers. << By doing this, they threw that institution and all of its transactions in which it was the deficit other party into default via bankruptcy.

Before then the entire OTC derivative debacle had a simple but extremely controversial solution. The tactic would have been similar to the means of nullifying the effect of the historic failure of the Savings and Loan Institutions during the last great housing recession. This at hand solution was to net the entire global derivative problem into a singular institutions named the Derivative Bank. At that time all OTC derivatives which were established would be returned to the instance of establishment when obligations netted almost zero. It was the institution of Lehman as a bankruptcy that removed the ability to net out to near zero from the daisy chain of global derivatives. To bring the daisy chain of OTC derivatives to net the winner would have to place their paper winnings into the pool and the paper losers would have placed their paper losses back into the pool. This would have reduced the entire loss to only part of the earnings on the banking institution from 1991 (the birth of the derivative use globally) rather than the more than now 20 trillion dollars worth of liquidity required to fund the winners who have benefited mightily from that windfall we financed.

The forced flushing of Lehman Brothers is therefore the economic clutch event that brought quantitative easing to provide the rescue funds to finance the winnings of the global Western world financial system. The downshift was from 5th gear to 1st gear that nearly blew up the world economic engine.

>> We now have had the 2nd Western world economic clutch event that will shift the gears directly from the plodding along in 1st gear economically into reverse gear, therein blowing the transmission and engine simultaneously. This event is the ISDA blessing of the credit event which reduced the value of Greek debt to its holders by 70% without triggering a default. <<  They have now made it virtuous to walk away from the once lest risk loans, loans to Western governments. Such a walk away is now deemed a credit event, not the dirty D word, default.

A pattern of action has been set in place now which takes QE, the gift from Lehman’s economic clutch event, to QE to infinity, the direct result of the Greek economic clutch event that was declared via the International Swaps and Derivative Association. These Gods of Mammon declared 70% of the Greek sovereign debt to be valueless without guilt, sin or consequences.

Replacing the lost value from the sovereign credit event (non-default) in this paper selectively to the banking system makes unlimited creation of liquidity an act of virtue and blessedness.

To assume that other nations facing the same problems will not wish the same treatment is madness. To assume the private sector facing the same problems will not demand the same treatment is madness. Therefore QE to infinity is now deemed an act of virtue and blessedness.

A 70% haircut in the value of the Greek sovereign debt does not constitute a credit event defined as a credit default according to the most powerful financial entity on the planet, the ISDA. This group is more financially influential than governments today. This decision by the revered members of the Association’s Determinations Committee has acted to prevent the notional value of all the credit default swaps, an OTC derivative, from becoming real value as would occur if the CDSs were called upon to function.

The ISDA has, according to MSM, taken offense to being described as secretive in its proceedings. The ISDA said minutes of the meeting of the committee would not be publicly distributed as the decision was unanimous.

What has occurred in what is now described as “the successful handling of the Greek problem” by the ECB is in fact a total disaster for mankind in its introduction of QE to Infinity as the blessed settlement to a problem that now is more severe than it was prior to the Lehman event. That problem is that the mountain of OTC derivative has not been attended to, but rather has grown to include the size of all Western world sovereign debt as it is all western sovereign debt that is now threatened by an event of default on a national level. That will simply occur regardless of whatever the ISDA says. Much of it will not be paid, period.

This enfranchised QE to infinity sets a floor via Chinese gold acquisitions to any reaction in price. Alf Field’s price objective of gold at $4500 is by this 2nd economic clutch event now in the crosshairs of the gold price.

Gold prices staying high have now been guaranteed. Further to that, those intelligently managed gold producers internationally will shift to dividend payers of note, transforming the gold industry into the utility type equity of the future. Opinions expressed to the opposite are simple exercises in economic ignorance.

Gold’s price reactions, when they do occur, will be violent and very short lived. This is fact.

Respectfully,
James Sinclair

Source: http://www.jsmineset.com/2012/03/02/the-two-economic-clutch-type-events-of-this-period/

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China Cuts Bank Reserve Requirements; Exports ’Grim’ !

This does NOT bode well…as China seems to be the main driver of the worldwide economy…

http://www.businessweek.com/news/2012-02-18/china-cuts-bank-reserve-requirements-with-export-outlook-grim-.html

China Cuts Bank Reserve Requirements;

Exports ’Grim’

By Bloomberg News – Feb 18, 2012 11:13 AM ET

China cut the amount of cash that banks must set aside as reserves for the second time in three months to spur lending as Europe’s debt crisis and a cooling property market threaten economic growth.

Reserve ratios will fall 50 basis points, effective Feb. 24, the People’s Bank of China said on its website yesterday evening. The level for the nation’s largest lenders will decline to 20.5 percent, based on previous statements.

China follows Japan in expanding monetary easing even as global equity markets are buoyed by signs of strength in the U.S. economy and optimism that Europe’s fiscal crisis will be contained. Governor Zhou Xiaochuan’s officials moved on the same day that a report showed home prices slid in most of the nation’s major cities in January.

Chinese policy makers are very much concerned about a possible deeper slowdown in domestic growth,” said Yao Wei, a Hong Kong-based economist with Societe Generale SA.

A 50 basis-point cut may add 400 billion yuan ($63 billion) to the financial system, Australia & New Zealand Banking Group Ltd. (ANZ) estimates. UBS AG says 350 billion yuan. The previous reduction was the first since the global financial crisis.

Tight interbank liquidity may have been the trigger, according to UBS economist Wang Tao in Hong Kong.

In the U.S., the Standard & Poor’s 500 Index has climbed to near the highest level since 2008 after America’s jobless rate fell and Greece moved closed to securing another bailout. The Shanghai Composite Index rose for a fifth week last week on speculation that China would ease monetary policy.

No ‘Hard Landing’ (Famous last words ?)

While China’s commerce ministry describes the trade outlook as “grim,” Vice President Xi Jinping said there will be no “hard landing” for the world’s second-biggest economy.

Home prices in 47 of 70 cities fell in January, while the remaining 23 were unchanged from December. Volkswagen AG (VOW), Europe’s largest carmaker, says sales in China, the company’s biggest market, fell 4.5 percent last month.

China’s gross domestic product grew 8.9 percent in the fourth quarter from a year earlier, the slowest pace since the first half of 2009. Exports and imports fell for the first time in two years in January and new lending was the lowest for that month in five years.

In a Feb. 16 interview in Beijing, Fan Jianping, chief economist at the government-run State Information Center, said that the nation may set a 7 percent or 7.5 percent target for growth this year, the least since 2004.

IMF Caution

The International Monetary Fund said this month that China’s expansion may be cut almost in half if Europe’s debt crisis worsens, demanding “significant” fiscal stimulus.

Lu Zhengwei, a Shanghai-based economist at Industrial Bank, said yesterday there’s “no possibility” that China will cut interest rates soon, partly because of inflation concerns.

Consumer-price gains unexpectedly rebounded to 4.5 percent in January, accelerating for the first time in six months, as a week-long lunar festival boosted spending.

Japan unexpectedly added to monetary easing last week by expanding an asset-purchase program, while the U.S. Federal Reserve said last month that it would keep interest rates low through at least late 2014 and indicated that it may make asset purchases.

Before yesterday’s announcement, Ken Peng, a Beijing-based economist at BNP Paribas SA, said the Chinese government needs to be “careful not to overshoot monetary loosening, as it did in the financial crisis.”

Credit Boom

Lingering effects of record lending in 2009 and 2010 include the risk for banks that local government financing vehicles will default, saddling lenders with bad loans.

The central bank said Feb. 15 that it will improve the use of differentiated reserve ratios, where requirements are calculated according to individual banks’ capital adequacy levels and lending growth.

The bank also said that M2, the broadest measure of money supply, will probably grow 14 percent this year, a target that Zhu Haibin, a Hong Kong-based economist for JPMorgan Chase & Co. (JPM), says may imply three to four cuts in reserve ratios this year.

Home prices have declined in cities from Beijing to Wenzhou as the government cracks down on speculation and implements a program to build low-cost housing.

Jim O’Neill, the economist who coined the term BRIC for developing nations Brazil, Russia, India and China, said Jan. 17 that Chinese officials had moved to avoid the “wild housing bubbles” that many Western nations had experienced. O’Neill, chairman of Goldman Sachs Asset Management, said he doesn’t see a “hard landing” for China.

To contact Bloomberg News staff for this story: Zheng Lifei in Beijing at lzheng32@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

 

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Why Is Gasoline Consumption Tanking ? We think you know, but this may show you if you haven’t been paying attention !

The government has their own way of cooking the books. BUT this article will show you what’s ahead if you rely on “their”  books !  Gasoline consumption is tanking because of the staggering amount of people who are out of work and don’t need to drive to their former jobs anymore ! This is a long article, but if you’re into planning ahead, it may help you…

Why Is Gasoline Consumption Tanking?   (February 10, 2012)

Gasoline deliveries reflect recession and growth. >> The recent drop in retail gasoline deliveries is signalling a sharp contraction ahead. <<

Mish recently posted some intriguing charts depicting a significant decline in gasoline consumption (additional charts here). Then correspondent Joe R. forwarded me this stunning chart of gasoline retail deliveries, from the U.S. Energy Information Administration: (EIA)

Chilling chart at: http://www.oftwominds.com/blogfeb12/gasoline-tanking02-12.html

As Joe noted, >> this data is interesting because it is >> un-manipulated, << that is, it is not “seasonally adjusted” or run through some black-box modifications like so much other government data.

Retail gasoline deliveries, >> already well below 1980 levels, >> have absolutely fallen off a cliff. << Is the plunge inventory-related, i.e. are storage facilities so full that retailers are simply putting off deliveries?

Though I don’t have data on hand to support this, I know from one of my correspondents who is in the gasoline distribution/delivery business that gasoline is very much a “just in time” commodity: gas stations are often close to running out of fuel when they get a delivery. Stations aren’t holding huge quantities of surplus gasoline; that’s not how the business works.

Given the absence of “extra storage” in gas stations (and the fact that the number of gas stations has fallen dramatically since 1980), it is reasonable to conclude that retail delivery is largely a function of demand, i.e. gasoline consumption.

Even if you dismiss the recent plunge as an outlier, the declines in retail gasoline deliveries are mind-boggling. If you look at the data from 1983 to 2011 on the link above, you will note that delivery declines align with recessions.

For example, deliveries jumped from 50.1 million gallons per day (MGD) in November 1983, when the nation was emerging from the deepest postwar recession then on record, to 58 MGD the following November (1984).

Deliveries steadily rose to a peak of 67.1 MGD in July 1998, declined marginally in the 2001-2 recession and then surged to 66.8 MGD in August 2003. If we just look at one month–say November–then we see that deliveries remained in a remarkably consistent channel from 1994 to 2008, between 54 MGD and 63 MGD, with the higher numbers occuring in the “peak bubble years” of 1998 and 2003.

In 2010, gasoline deliveries declined to the  >> low 40s <<–literally falling off the charts. In November 1983, deliveries were >> 51.1 MGD; << in November 2010, they were >> 42.8 MGD, << and in November 2011 they were  >> 30.9 MGD. << ! ! !

Does this reflect higher fuel efficiencies in the U.S. vehicle fleet? To examine fuel efficiency and other macro-trends, I assembled some charts of fuel efficiency (courtesy of the Early Warning blog) and a graph of employment, a commonly used proxy for economic activity/growth.

Let’s start with some basic data about population and vehicles. There are 254 million passenger vehicles registered in the U.S. Some percentage of these are classic cars and other vehicles that aren’t driven much, but nonetheless the number of vehicles that are in regular use is large.

U.S. population in 1983 was approximately 234 million. The U.S. Census Bureau estimates the current population at 313 million.

Vehicle sales declined from a record 17.4 million in 2000 to 11.5 million in 2010.

People are driving less: The Road… Less Traveled: An Analysis of Vehicle Miles Traveled Trends in the U.S.. (2008)

Driving, as measured by national Vehicle Miles Traveled (VMT), began to plateau as far back as 2004 and dropped in 2007 for the first time since 1980. Per capita driving followed a similar pattern, with flat-lining growth after 2000 and falling rates since 2005. These recent declines in driving predated the steady hikes in gas prices during 2007 and 2008. Moreover, the recent drops in VMT (90 billion miles) and VMT per capita (388 miles) are the largest annualized drops since World War II.

It continues at: http://www.oftwominds.com/blogfeb12/gasoline-tanking02-12.html

 

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Are Taxes Really Voluntary ? As Proven By Quotes From IRS Officials !

This may help sort it out…

Are Taxes Really Voluntary ? If they are, why are YOU paying ?

From the blog: http://reality101blog.blogspot.com/2009/07/irs-fraud-proven-by-quotes-from-irs.html

 

 

IRS FRAUD – Proven By Quotes From IRS Officials

“In a recent conversation with an official at the Internal Revenue Service, I was amazed when he told me that ‘If the taxpayers of this country ever discover that the IRS operates on 90% bluff the entire system will collapse’ “.
- Henry Bellmon, Senator (1969)

“… the key question is: can we define ‘income’ in a fair and reasonably straightforward manner? Unfortunately we have not yet succeeded in doing so”.
-Shirley Peterson, former IRS Commissioner, April 1993

“I don’t like the income tax. Every time we talk about these taxes we get around to the idea of ‘from each according to his capacity and to each according to his needs’. That’s socialism. It’s written into the Communist Manifesto. Maybe we ought to see that every person who gets a tax return receives a copy of the Communist Manifesto with it so he can see what’s happening to him”.
-T. Coleman Andrews, Commissioner of Internal Revenue, May 25, 1956 in US. News & World Report

“Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive [it] reeks with injustice and is fundamentally un-American… it has earned a rebellion and it’s time we rebelled”.-President Ronald Reagan, May 1983, Williamsburg, VA

“If no information or return is filed, [the] Internal Revenue Service cannot assess you”.
- Gary Makovski, Special IRS Agent, testifying under oath in US. v. Lloyd

“Our tax system is based upon voluntary assessment and payment, not upon distraint”.- United States Supreme Court, in Flora v. United States

“Our tax system is based on individual self-assessment and voluntary compliance”.
-Mortimer Caplin, Internal Revenue Audit Manual (1975)

“The United States has a system of taxation by confession”.
-Hugo Black, Supreme Court Justice, in U.S.A. Kahriger

“Only the rare taxpayer would be likely to know that he could refuse to produce his records to IRS agents… Who would believe the ironic truth that the cooperative taxpayer fares much worse than the individual who relies upon his constitutional rights”.-Judge Cummings, U.S. Federal Judge, in US. v. Dickerson (7th Circuit 1969)

“Let me point this out now. Your income tax is 100 percent voluntary tax, and your liquor tax is 100 percent enforced tax. Now, the situation is as different as night and day. Consequently, your same rules just will not apply…”.
-Dwight E. Avis, former head of the Alcohol and Tobacco Tax Division of the IRS, testifying before a House Ways and Means subcommittee in 1953

“The purpose of the IRS is to collect the proper amount of tax revenues at the least cost to the public, and in a manner that warrants the highest degree of public confidence in our integrity, efficiency and fairness. To achieve that purpose, we will encourage and achieve the highest possible degree of voluntary compliance in accordance with the tax laws and regulations…”.-Internal Revenue Manual, Chapter 1100, section 1111.1

“Fear is the key element for the IRS in achieving its mission. Without fear, the IRS would have a difficult time maintaining our so-called system of voluntary compliance …”. “Given the opportunity, the IRS will take the easy way out and grab whatever it can… the IRS does not really care about you and what your future……. may be”.
-Santo Presti, former IRS Criminal Investigation Agent and author of “IRS In Action”

“The IRS is an extraordinary example of the end justifying the means. The means of this agency is growth. It is interesting that the revenue officers within the IRS refer to taxpayers as ‘inventory’. The IRS embodies the political realities of the selfish human desire to dominate others. Thus the end of this gigantic pretense of officialdom is power, pure and simple. The meek may inherit the earth, but they will never receive a promotion in an agency where efficiency is measured by the number of seizures of taxpayers’ property and by the number of citizens and businesses driven into bankruptcy”.- George Hansen, Congressman and author of “To Harass Our People”

“I have sat on many a promotion panel where the first question of panel members was ‘How many seizures have you made?”‘.-Joseph R. Smith, eighteen-year IRS agent, testifying before Congress

“The agency that is so strict on the way Americans keep their books cannot even pass a financial audit”.
-Ted Stevens, Republican Senator from Alaska

“Eight decades of amendments… to [the] code have produced a virtually impenetrable maze… The rules are unintelligible to most citizens… The rules are equally mysterious to many government employees who are charged with administering and enforcing the law”.
- Shirley Peterson, Former IRS Commissioner, April14, 1993 at Southern Methodist University

“some techniques can be used only in connection with a full-scale program due to the nature of the tax situation and the need to avoid unnecessary taxpayer reaction. An example would be income tax returns compliance efforts aimed at the non-business taxpayer”.
-Internal Revenue Service Manual, section 5221 “Returns Compliance Programs”

“This [audit] was made extremely difficult because [IRS] existing Systems were not designed to provide reliable financial information… on their operations”.-Comptroller Bowsher, Government Accounting Office, on the first-ever audit of the IRS in 1993.

“Considering that senior officials at the Internal Revenue Service are fully aware of the fact that there is no law currently in existence making a U.S. citizen liable for or required to pay either the income tax or the social security employment tax, only a truly generous citizen would, upon discovering this, continue to voluntarily donate these taxes to the government by allowing them to be withheld from his paycheck on a 100% voluntary W-4 withholding agreement. But, then again, the IRS would be dead in the water without the “voluntary (and docile) compliance” of employers and employees and has said so all along.” — William Cash, IRS Senior Manager, http://www.irs.faithweb.com

______________________________

see also:

http://reality101blog.blogspot.com/2009/07/irs-headquarters-building-symbolism.html

http://reality101blog.blogspot.com/2009/08/batfirs-criminal-fraud.html

 

Posted in Conspiracies That May Actually Exist..., Government Is A Racket !, Government Out Of Control, IRS and Tax Issues and Atrocities, People & Organizations Eligible For THE ROPE !, Quotes, Reality Check, They Lie ! They ALWAYS Lie ! | Comments Off