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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