Time: Sun Mar 09 06:00:22 1997
by primenet.com (8.8.5/8.8.5) with SMTP id WAA12329;
Sat, 8 Mar 1997 22:09:52 -0700 (MST)
Date: Sun, 09 Mar 1997 05:44:36 -0800
To: Jack Perrine <Jack@minerva.com>
From: Paul Andrew Mitchell [address in tool bar]
Subject: off-budget liabilities
I believe the ledgers have been altered,
to paint a "rosier" picture. But, when you
add up all the off-budget liabilities,
the federal debt is closer to $18+ trillion.
The biggest portion of this fraud is the
way in which Social Security "assets" are
enumerated. There is no "fund," as such;
the Social Security revenues go into the
general fund, where they are loaned out
to other federal government agencies, which
leave IOU's in place of those funds. This was
revealed by an insurance industry executive
who is on the team of consultants who are
advising the SSA on the looming crisis that
is rapidly developing, due to the "baby boom."
The bean counters in the federal government
have the temerity to define these IOU's
as "assets." This is patently ridiculous;
it is like saying the left hand owes the
right hand some money. Those IOU's are
liabilities, and they need to be correctly
accounted for. Industry actuaries even admit
this now.
But, when I speak of federal income tax revenues,
I am speaking to a completely different subject matter.
I don't think the "experts" on Wall Street
are any better prepared to tackle this
question, because most of those banking
executives are deeply intertwined with
the Federal Reserve System, and feed off it,
like piranha in a drought.
The Grace Commission's findings must be reckoned with;
unfortunately, those reports are slowly disappearing,
and the commission's recommendations are rapidly
being forgotten. Major finding #1: the income
tax revenues are not paying for ANY federal
government services whatsoever!
Pity.
They were a dim ray of fiscal sanity
in an otherwise blind and idiotic system.
Why, even U.S. Senators agree. See House
Congressional Record, September 29, 1941,
Wright Patman calling it an "idiotic system" (page 7583).
I think you can make your "numbers" fit any
theory you want; until a proper, independent
audit is performed, we may never know.
And, I would go one step further and say that an
independent audit is most probably impossible now,
particularly when there has been so much graft,
corruption, and bribery, IN CASH!! I would
be delighted to discover, for example, that
the revenues to foreign banks like the IMF
are actually very small. That would mean that
they would have no trouble eating the debt,
as recommended by Dr. Edwin Vieira, in his
excellent essay "Return to Constitutional Money",
and those banks would be less likely to declare
war on America, when it finally defaults, out in
plain view, for the whole world to see (and not
in secret, as was done in 1933). A default is
inevitable -- no arithmetic is necessary!
The IMF deserves to eat the debt, because they bought
bonds with money they created out of thin air,
and they set up a fractional reserve system which
completely insulates them from the harsh realities
of marketplace competition.
What are the chances of auditing the IMF?
Practically nil, I would say!
It takes more than arithmetic to ferret out
the real cash flows. The federal government
has become an expert at deception, and the
banks which benefit from this "system" are
no better in this department of obfuscation.
Again, Vieira's essay nails the incest to
the floor, in my opinion.
I would strongly encourage you to read and
study this essay; it is really a classic.
See "Return to Constitutional Money" in the
Supreme Law Library at URL:
http://www.supremelaw.com
Let's face it: we have a fascist banking system
in America, and it has been that way at least
since 1913. One local bank in Arizona is allowing
300 IRS levies per week against its customer
accounts. Just extrapolate outwards.
/s/ Paul Mitchell
At 08:18 PM 3/8/97 PST, you wrote:
>Paul Andrew Mitchell [address in tool bar] wrote :
>
>>I count the Federal Reserve Banks and their
>>successors in interest as "foreign banks",
>>using the common law meaning of "foreign."
>>Please stand by.
>
>You certainly do have an uncanny ability to use 10 words
>where one was two too many .....but one is really forced
>to assume along the way you lost all arithmetic ability.
>
>One can add up the income side of the federal spending
>ledger and one can add the spending side and they balance
>with enough borrowing. Now, you expect us to believe that
>essentially one third of the income has disappeared but none
>of the spending ......or while you are sending all the income
>tax income off shore did you send the federal employees and
>benefit recepients along. Your Fantasys would be more tolerable
>and perhaps even slightly .....very slighly believable if some
>of the numbers you use could relate to some fixed guide posts
>in the REAL WORLD
>
>>There are just too many references to the
>>IMF throughout federal law for me to believe
>>otherwise. It also appears that many top
>>federal government officials are now being
>>paid by the IMF, somewhat secretly. So,
>>I would not rely upon "Barrons" for anything
>>but the temperature on Wall Street at noon
>>yesterday. The other side of this coin is the
>>massive body of evidence linking the IRS
>>directly to Trust #62 in Puerto Rico, indicating
>>a massive money laundry which has been in effect
>>for quite some time. I believe that we may never
>>know the full extent of this fraud, because so
>>much of it has occurred without records, e.g.
>>PMRS "awards" were paid in CASH in many cases.
>>Last but not least, the GAO audit of the IRS
>>operating budget is a scandal of the highest
>>order, but few seem to care. What I could do
>>with the money they alone blew on their botched
>>computer system! Whew!! I say it's time to
>>fire up the D-9 Caterpillars, and bulldoze the
>>IRS into the Atlantic Ocean, right under the
>>Titanic, where they belong. Let the chips fall
>>where they may, but that money belongs inside
>>the 50 States of the Union (the de jure ones).
>>There are just too many violations of 18 U.S.C. 241
>>for me to tolerate this extortion racket any longer.
>>Thus, we are moving against the IRS with a Quo Warranto
>>petition, right around April 5, 1997. Care to join
>>us (or intervene)?
>
>Please stand by.
>
>/s/ Paul Mitchell
>
>Jack
>>
>>/s/ Paul Mitchell
>>
>>
>>At 02:39 PM 3/8/97 PST, you wrote:
>>>roc@mail.xmission.com wrote :
>>>
>>>>Here's twenty bucks to say that the taxes are
>>>>flowing into foreign banks, in massive amounts
>>>>which may never be counted, or accounted.
>>>>
>>>
>>>In Randy Forsythe's column on the credit markets in this week's BARRONS
>>>it says that the sum total of Treasuries held in custody for foreign
>>>official accounts rose 10 billion to 643 billion. If the average interest
>>>rate was 5% then essentially 32 billion a year would be flowing into
>>>foreign banks while income taxes collected from individuals is essentially
>>>500 billion or 16 times as much. You can send the 20 to the address
>>>below
>>>
>>>Jack
>>>
>>>
>>>
>>> Jack Perrine | ATHENA Programming, Inc | 818-798-6574 |
>>> ---------------- | 1175 No. Altadena Drive | fax 398-8620 |
>>> jack@minerva.com | Pasadena, CA 91107 US |
>>>
>>>
>>>
>>
>>========================================================================
>>Paul Andrew, Mitchell, B.A., M.S. : Counselor at Law, federal witness
>>email: [address in tool bar] : Eudora Pro 3.0.1 on Intel 586 CPU
>>web site: http://www.supremelaw.com : library & law school registration
>>ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best
>> Tucson, Arizona state : state zone, not the federal zone
>> Postal Zone 85719/tdc : USPS delays first class w/o this
>>========================================================================
>>
>>
>>
>
>
>
> Jack Perrine | ATHENA Programming, Inc | 818-798-6574 |
> ---------------- | 1175 No. Altadena Drive | fax 398-8620 |
> jack@minerva.com | Pasadena, CA 91107 US |
>
>
>
========================================================================
Paul Andrew, Mitchell, B.A., M.S. : Counselor at Law, federal witness
email: [address in tool bar] : Eudora Pro 3.0.1 on Intel 586 CPU
web site: http://www.supremelaw.com : library & law school registration
ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best
Tucson, Arizona state : state zone, not the federal zone
Postal Zone 85719/tdc : USPS delays first class w/o this
========================================================================
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