Wednesday, Dec 03rd
Last update08:29:24 AM GMT
Economic Glance
The Internal Revenue Service expects to lose more than $37 million by using private debt collectors to pursue tax scofflaws through a program that has outraged consumers and led to charges on Capitol Hill that the agency is wasting money for work that IRS agents could do more effectively.
TVNL Comment: Privatization is all about looting the nation. That's it. This is the Republican agenda...to steal everything that exists! Nobody hates democracy more than Republicans.
THIS FREE WEBSITE WILL PROVE CONCLUSIVELY, USING WELL RESEARCHED DOCUMENTS (MANY FROM THE FEDERAL RESERVE SYSTEM AND MEMBER BANKS) THAT YOU MOST CERTAINLY ARE NOT BEING PAID, HAVEN'T BEEN PAID, NOR ARE PAYING FOR ANYTHING SINCE JUNE 24TH, 1968 BY AN ACT OF CONGRESS.
Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency:
Well, as it turns out, Kiplinger Magazine ran an article based on Cheney's financial disclosure statement and, sure enough, found out that the VP is lying to the American people for the umpteenth time. Deficits do matter and Cheney has invested his money accordingly.
The Supreme Court on Monday gave employers a green light to reduce health benefits for millions of retirees who turn 65 and become eligible for Medicare. The justices turned away a legal challenge from AARP, the nation's leading senior citizens lobby, which had contended these lower benefits for older retirees violated the federal law against age discrimination.
No where is the impact of looming recession and the near-meltdown on Wall Street clearer than on the White House web site. Just days ago, the site boasted about President Bush’s glorious stewardship of the U.S. economy. Now, the White House’s economy web page reflects the mad scramble to ward off the twin crises of the housing market and the financial system.
At this point it seems pretty certain that we are facing an inflationary depression. What’s awful is that much of this is being done by design. The Federal Reserve would prefer to save the banking cartel instead of doing what’s best for the American people. A stable U.S. Dollar would be what’s best for the American people but of course they aren’t moving in that direction. It is likely that we are seeing the start of a domino collapse in the U.S. financial system and it's going to get ugly.
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