The 9 Step Process Bankers Use to Force Global Slavery Upon Humanity

smartknowledgeu's picture

"None are more hopelessly enslaved than those who falsely believe they are free."- Johann Wolfgang von Goethe

Below is the nine step process bankers have used to enslave us all with nary a peep of resistance until recent times. Hopefully recognition of this process can help us to free ourselves from the grip of bankers that wish to financially destroy us all.


(1) Teach lies as truth like “markets are free” and “we need to spread democracy to the rest of the world.” Plant agent provocateurs in all movements of resistance like OWS to discredit these movements whenever possible.

Bankers teach lies like “free markets exist” throughout all business curricula taught in the institutional academic system. When Central Banks set artificial interest rates, this means the free market is not setting interest rates. Bankers are rigging stock markets, real estate markets, currency markets, and commodity markets all for their benefit only and to the detriment of all other humans on our planet. Furthermore, if you study democratic principles and whether governments that claim to be democracies actually abide by these principles, you will discover that most every “democratic” government operates on a fascist platform and not a democratic one. Stating that a free market co-exists in a country in which a Central Bank retains the monopolistic power to set interest rates is as impossible a relationship as the physics maxim that states two objects cannot occupy the same space at the same time.

Furthermore, bankers use the lies they teach in school to further other lies like the existence of Capitalism. Without free markets, Capitalism cannot exist. If free markets do not exist anywhere in the world because Central Banks, and not the free market, set interest rates, then by logic, Capitalism cannot exist. Yet, I’ve met brainwashed subjects at Occupy Wall Street protests in Hong Kong that argued that the basis of people’s economic suffering today is Capitalism and that Communism is the answer to the world’s economic problems. This false belief also allows wretched misanthropes like former Fed Reserve Chairman Alan Greenspan to deflect blame away from himself and write stupid articles full of lies like ”Don’t Blame Capitalism For All This Income Inequality”, an article in which he argues that capitalism and free markets should not be blamed for today’s global economic inequities between the bankers and the “have nots”. This typical reverse psychology ploy is one that banksters are notoriously fond of. By stating that you shouldn’t blame “capitalism and free markets” for global economic failures, Greenspan knows that since people don’t trust him, that they will fall into his trap and believe the opposite of what he says – that capitalism and free markets are responsible for the creation of massive global income inequities today even though neither “capitalism” in its purest sense nor “free markets” exist anywhere in the world. These clever psychological ploys also allow Greenspan to write the lie-filled article, “Fed Didn’t Cause the Housing Bubble”, and still have a large percentage of the masses gobble up and digest this disinformation without question like it was their daily breakfast cereal.


(2) Commandeer and effectively take over all control of global governments, mass media, state police, and federal military elements to suppress truth from reaching the masses.

Simon Johnson wrote about how bankers have taken over governments in his excellent article "The Quiet Coup".  These two excellent articles, here and here, explain how banks directed state police and government surveillance agencies to crush all dissent and opposition to their criminal activities. The fact that state police and government agencies bowed down to the bankers like subservient servants proves that these countries in which such incidences are taking place have long been far more fascist than democratic. Mussolini or Pinochet could not have asked for better cooperation and greater obedience from state police and government surveillance agencies than the bankers received.



(3) Take over the education system, design it to dumb down instead of enlighten the masses, and export this model to the rest of the world.

Western bankers have funded and exported to the rest of the world an institutional academic system that serves as a behavior modifaction camp responsible for dumbing down young adults and turning them into obedient, non-thinking worker bees. This is how you create a New World Order in which just a few thousand bankers can capably control 7 billion people and keep them in line and obedient at all times. See here for more information.

Bankers and industrialists like the Rockefellers and the Carnegies financed the development of our global education system during the American Industrial Revolution, and thus were able to promote the lies they wanted the masses to embrace such as the myth that America experienced a “revolution” in 1776 and that US President Abraham Lincoln ended slavery in 1863. The bankers were always happy to give the colonialists the illusion of gained “freedom” as an outcome of the “revolutionary” war in exchange for maintaining their control over the newly formed republic’s monetary supply. Thus, the Rothschild banking family quickly established the Bank of the United States (which has since become the US Federal Reserve today) through their colonialist agents in the United States in 1791. When this bank’s charter expired in 1811, Nathan Rothschild of the Bank of England and the Rothschild banking clan declared a grave warning: “Either the application for the renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.” When US Congress chose not to renew the bank's charter, Nathan Rothschild responded, “Teach these impudent Americans a lesson. Bring them back to Colonial status.”

Even though African Americans were given their physical freedom in 1863, they were never granted their financial freedom by the bankers. How does Lincoln end slavery in America with his 1863 Emancipation Proclamation when just 50 years later, the bankers financially enslaved everyone with the founding of the US Federal Reserve. To declare that Abraham Lincoln ended “slavery” in America in 1863 is as big a myth as the lie that Columbus “discovered” a land called America. How does one “discover” a land that had already been inhabited for hundreds of years by millions of Indians? Furthermore, Columbus wasn’t even the first European to arrive in America as Vikings had beat him to this feat by hundreds of years. A.M. Reeves, N.L. Beamish and R.B. Anderson’s The Norse Discovery of America documented in great detail the epic and ferocious battles between the Vikings and the Native inhabitants of Vinland (the Viking word for America) as far back as the 10th century, about 500 years before Columbus stumbled upon America. So how did Lincoln end slavery and how did Columbus discover America? The answer to both questions is that they did not. The end of physical enslavement was merely transformed into a new kind of slavery - financial and mental enslavement. After the Rothschilds, the Rockefellers, the Warburgs, JP Morgan, etc. were able to form the US Federal Reserve in 1913, bankers extended their financial slavery empire over not only blacks, but also over whites, over Asians, and over Latinos, extending their empire of slavery all over the world. Thus slavery was never eradicated in 1863.


(4) Teach young adults that a tax on tea and a tax on stamps caused the American colonialists to hate the British monarchy and triggered a successful revolt in 1776, when it was the debt enslavement component of the monetary system and the bankers’ system of theft through numerous taxes that truly caused the revolt.

Benjamin Franklin desired that the colonies issue their own debt-free, interest-free money called Colonial Scrip. As I’ve explained in (3), the Colonialists lost this battle and thus, there was never a successful “revolution” against the bankers in 1776 though bankers have ensured, through control of our education system, that they teach the lie in all American schools today that America gained its independence on July 4, 1776. Just to make sure all Americans believe this, we celebrate this faux Independence Day every year as a national holiday. If Americans learned that the people truly lost the Revolutionary War in 1776, this might incite another revolution today. This is why the bankers teach the lie of the people winning the Revolutionary War in all American schools.


(5) Learn from the mistakes of Kings by hiding the robberies of citizens’ money and disguising this robbery as a silent tax called “inflation”. Transform the violent method of tax collection that lead to the beheading of past members of nobility during Medieval times into a passive method of automatic deductions from paychecks.

Bankers studied previous Kings’ taxation system such as Great Britain’s King George’s system and his use of armed soldiers to collect these taxes. In 1765, King George sent 40,000 armed troops to assure collection of taxes from his subjects and he forced the colonists to also provide living quarters and food to his troops or risk being shot and killed. Bankers studied this method and learned that this type of violent armed method of collecting taxes would always lead to violent insurrection and revolt. Thus bankers learned how to steal our money today in a passive manner that is not nearly as offensive as the method employed by previous Kings throughout history.

Today, all of us still provide the money for the living quarters of bankers and provide all the money to feed the bankers but we do not realize it. The bankers have employed the exact same system of robbery that King George instituted against the American colonialists that infuriated them, but were clever enough to change the method by which they execute their brazen theft and extortion. Today bankers extort money from all of us through automatic deductions from each pay check so that there is no need to send armed soldiers to collect taxes from those that might resist this scam. Furthermore, they deliberately devalue money and rob every single human on the planet through the implementation of a “silent tax” called inflation.


(6) Engage in huge disinformation and propaganda campaigns to convince citizens in every country that income tax is not flat out robbery and not equivalent to King George’s act of sending 40,000 soldiers to force colonists to turn their hard-earned money over to him.

Bankers have successfully sold this lie by misinforming us and telling us that we receive benefits from our income tax payments and that it would be “unpatriotic” to even think for a second to not pay our income taxes to the bankers. In fact, the reality unearthed by the Grace Commission report in January, 1984, under US President Ronald Reagan is this: "100% of what is collected [in income taxes] is absorbed solely by interest on the Federal Debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government." What are transfer payments? Payments for programs like welfare but also payments for programs like the massive 2008 $850 billion banker bailout program. Who receives interest payments on the Federal Debt? 100% of interest payments on the Federal Debt are directly funneled into the private banking accounts of the private banking families that own the Federal Reserve. So who is receiving nearly 100% of all income tax payments of all citizens in every country in the world? The answer is that nearly 100% of our income tax payments are transferred to just a few powerful private banking families. In fact, the Grace Commission report even hinted that the government performed studies to determine the outer limits of income taxation that they could get away with before it would trigger a revolt among the taxed citizenry.


(7) Sell concepts like “nationalism”, and incite religious-based and race-based hate to divide and conquer people from uniting against a segment of society (bankers) that commits a long list of atrocities that would have landed anyone else in jail centuries ago.

Bankers have been able to convince many blacks to blindly and stupidly support President Obama just because he is black and to falsely call anyone that also doesn’t support Obama a “racist”. Bankers have been able to convince many Jews to blindly and stupidly support Zionist agendas and cowardly and falsely accuse those that don’t support Zionist agendas of being an anti-semite. Bankers have been able to convince many people to blindly and stupidly support false wars and government agendas and label anyone that does not also support these items as “unpatriotic”, “un-American” or “un-whatever-country-you-are-from.”

Yes, bankers are behind all these hate-filled campaigns because they know that they can successfully divide and conquer the masses and if they do so, that a divided opposition will never be able to defeat them. They have also used their puppet Presidents and Prime Ministers to often perform favors for police and the military, such as increasing their pay and benefits, to falsely gain the loyalty and protection of those elements of society that should be most opposed to them. Bankers have taken their cue from big druglords and underworld crime bosses that have used these same tactics to gain the protection and loyalty of their communities. In Philadelphia, mobster Joey Merlino used to give away turkeys to housing project residents every Thanksgiving and throw Christmas parties for the homeless to gain the loyalty of people in his community despite his murderous ways. In the more expansive criminal drug underworld, ex-cocaine kingpin Pablo Escobar was, and still is, considered a hero among many of the poor in Colombia for all the jobs he provided for them, not to mention all of his charity. In Mexico, the most violent druglord today, “El Chapo” Guzman, is often also viewed as a modern-day “Robin Hood” and a hero by the poor in Mexico and is afforded loyalty and protection among many of the poor for his many acts of benevolence for the poor.

However, it is a huge mistake of morality to overlook the massive crimes of our political and financial leaders for their “fake” charity work as it is a huge mistake of the poor to adore violent murderous druglords just because they make their lives better while they destroy the lives of millions. This very selfish attitude of “I don’t care what my leader does as long as he helps me out” even if he’s destroying the lives of hundreds of thousands, or millions of other people, is the very tactic that bankers choose to employ to effectively divide and conquer people. Instead of being loyal to someone just because of his skin color, religion, nationality or race, we all need to abandon our pre-disposed affinities for people that look like us or share our belief systems, and instead, start looking at these situations strictly on the basis of morality. We need to ask ourselves not the questions of mindless robots but rather tough questions such as,”Is what my President or Prime Minister doing moral?” If so, then support him. If not, then do everything you can to get him out of office no matter your race. Ask, “Is what my government doing moral?” If so, then support it. If not, then stop the stupid and divisive ad-hominem attacks against dissenters by wrongly labeling them as “unpatriotic” no matter your nationality. Ask, “Is Israel acting morally?” If so, support this nation-state. If not, then stop supporting it immediately no matter your religion.

It really is that simple. For people that are open minded enough to learn the truth about the ulterior motives of why the same bankers (Rothschilds) that were integral in founding the US Federal Reserve also were very integral in founding, and funding, the creation of Israel, as well as the Bank of Israel, watch Chapter 26 at 1:10:28 at Chapter 29 at 1:19:27 of this video. Though there are many things in this video I don’t agree with, I believe that these two chapters provide a legitimate explanation of how bankers have used the religion dissension surrounding Israel as part of their divide and conquer campaign against the entire world. These two segments are very careful to make the distinction between humanitarian, compassionate, authentic Jews and their misanthropic, inauthentic Zionist counterparts. In fact, I believe that the distinction between truly religious Jews and their radical Zionist counterparts is very similar to the distinction between radical Muslims and religious, moral Muslims and radical Christians and religious, moral Christians.

There are those that continually smear all Jews for many of the world's financial problems and not only do I believe this tactic to be wrong but I also believe that anyone that uses this tactic falls right into the banker trap of their divide and conquer strategies. The banker-funded Zionists are the small faction of Jews and non-Jews (US Vice President Joe Biden is a self-proclaimed Zionist) that need to be investigated for creating global financial problems. Though this point is likely to generate the most hateful comments and unjustified criticism of any of the nine points of this article, consider this point. If you agree with the other eight points of this article, would it be worth the risk to discuss something entirely false as true, and that could potentially discredit the rest of this entire article? The answer, of course, is no. I only included this point after much careful research convinced me that the facts surrounding this point were well documented and because I believed that this point is crucial enough to include in the 9 main points of this article for anyone desiring to understand the truth about how bankers divide us and keep us from unifying against them. Consequently, please have an open enough mind to consider the possibility of the truth of this point as well and research the facts before you close your mind to a view that may differ from the one you currently hold.


(8) Falsely teach people that paper fiat currency and paper derivative products offered by bogus gold and silver derivative markets of the LBMA and COMEX are better stores of value and purchasing power than physical gold and physical silver, even though the below chart displays the incredible progression in the prices of gold and silver every year in USD since 2001.


2001 $271.10

2002 $278.35

2003 $343.80

2004 $426.25

2005 $427.75

2006 $530.00

2007 $639.75

2008 $846.75

2009 $874.50

2010 $1121.50

2011 $1388.50

2012 $1598.00

2013 $1693.75



2001 $4.59

2002 $4.59

2003 $4.67

2004 $5.97

2005 $6.39

2006 $9.04

2007 $13.01

2008 $14.93

2009 $11.08

2010 $17.17

2011 $30.67

2012 $28.78

2013 $30.87


The London price-fix of gold has risen for 13 straight years and silver has risen 11 out of the last 13 years. Thus, it is completely bizarre that the vast majority of the investing public are still scared off by declarations of banking shills and commercial banking investment advisers that tout global paper stocks such as Chipotle Grill, Facebook, and Bank of America as better investments than physical gold & silver, which they describe as “risky”. Volatile, yes. Risky, no.

Because of (1) through (8), most citizens, especially those that live in the West and have been subjected to generations of banker propaganda, have no understanding of the fact that downside volatility in gold and silver is introduced artificially through computer HFT (High Frequency Trading) algorithms and bear no reflection upon the reality of physical gold and physical silver supply-demand determinants. Because nearly 100% of the things bankers teach us in school and through the media about the global monetary system and financial markets is a lie, I see, time and time again, masses of people befuddled by gold and silver price movements to the downside that have no fundamental basis of explanation and that can only be explained by banker manipulative games. This occurs among those of us that have no understanding of points (1) through (7) of this article. Thus, to this date, shockingly most people have not taken advantage of the crystal clear gold and silver trend shown in the above timeline and have no idea that converting their fiat paper currencies or fiat GLD & SLV ETFs into real assets like physical gold and silver can serve as a very effective weapon to fight back against banker criminality. Though it makes no sense to put faith in a piece of paper that has almost no intrinsic value and is truly a barbarous relic and to forgo ownership of real hard assets like physical gold and physical gold, the majority of masses, due to internalization of steps (1) through (7), continue to ignore reality and logic. However, read this excerpt from the book The Golden Gift, to understand how converting paper fiat currency into real assets like physical gold and physical silver can help re-establish our economic freedoms and help cut our bondages of financial slavery imposed upon us by the bankers.


(9) Teach people that the law is the final word so that they believe that anything legal is moral and anything illegal is immoral. The bankers have flipped the paradigm of morality on its head by convincing people that anything legal is moral and anything illegal is immoral when in fact, many things they have legislated as illegal is still moral and many things they have legislated as legal is highly immoral.

If truly moral people ran the world, probably 50% of the things legislated as legal would become illegal and 50% of the things legislated as illegal would become legal overnight. According to the United Nations Office on Drugs & Crime 2012 World Drug Report, heroin, cocaine, and all other "illegal" drugs killed about 200,000 people last year. On the contrary, an estimated 100,000 to 450,000 deaths occur from "legal" prescription drugs every year in the United States alone, and in 2009, "legal" prescription drugs were responsible for 4.5 million hospital visits. However, due to a lack of focus by law enforcement agencies on "legal" drugs, accurate statistics of deaths from legal pills varies widely, and if I had to guess, I would say that the Big Pharma lobbyists do everything in their power to suppress the true number of deaths every year that occur globally due to their "legal" drugs. Thus, the War on Drugs is more about the parties that profit from it than about a sincere desire to abolish the murder and crime associated with it. There really should be a War on All Wars instead. Because of the creation of unthinking sheep that our education system produces, far too many people today react instinctively by thinking that anything illegal is wrong and that anything legal is right, thus diminishing their ability to recognize that our modern banking system amounts to a legalized institution of financial slavery.


As always, never believe anything printed or stated on TV “news” channels (especially CNN – just google “Amber Lyon” to understand why) unless you independently verify it yourself, including everything in this article. Unfortunately there are more lies than truth circulating among all mass media distribution channels today so nothing should be accepted at face value. You must verify everything yourself until you are satisfied that you have arrived at the truth. Uncover the truth, and when you do, do everything you can to spread the uncovered truth to the four corners of the earth. This is how we will regain our freedoms.


About the author: JS Kim is the founder and Managing Director of SmartKnowledgeU, a fiercely independent investment research & consulting firm that focuses on gold & silver as a means of resisting the tyranny of the global banking cartel and of restoring sound money that would lay the foundation for the reintroduction of sustainable, organic economic growth to the world. Follow him on twitter @smartknowledgeu, get his free newsletter available here, and read a free excerpt of his book The Golden Gift here.

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HighlanderJuan's picture

Since I have studied fraud examination, it has become obvious to me that Americans, and maybe all people, who are honest, don't understand and usually don't stand a chance against fraud and crimes perpetrated against them unless they are trained to recognize and understand it, or they learn about it from experience. 

If I could make one course mandatory in all high school and college cirriculums it would be fraud examination, and would teach young people how to easily detect the fraudsters in our midst.  Having said that, our government schools don't want educated citizens, they want worker bees, and so only the young elites get to learn the truth about fraud crimes, either by observing family criminal activity, by associating with the criminal elites, or by going to the elite universities.

The international banksters are fraudsters.  The trillions they have stolen from people all over the world must either be returned to the people, or another system of commerce must be developed.  There is no reason why the Rothschilds, the Rockefellers, and the rest should be the only ones who benefit from our work efforts.

IamtheREALmario's picture

Or they could just follow "The Protocols of the Learned Elders of Zion".

But that is Kabalah(istic) nonsense, right?

foytik's picture

Regarding 4th point

(4) Teach young adults that a tax on tea and a tax on stamps caused the American colonialists to hate the British monarchy and triggered a successful revolt in 1776, when it was the debt enslavement component of the monetary system and the bankers’ system of theft through numerous taxes that truly caused the revolt.

The immediate cause of the revolution was efforts to take colonists guns. Hence the 2nd amendment. The time you really need the right to keep and bear arms is when the government is trying to take it away.

OccupyTVstations's picture

Ron Paul is gone, but Paul Broun is continuing his legacy of going after the Fed.


H.R. 73: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
Sponsor: Rep. Paul Broun [R-GA10]
Introduced: Jan 03, 2013

H.R. 77: To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.
Sponsor: Rep. Paul Broun [R-GA10]
Introduced: Jan 03, 2013
Referred to Committee: Jan 03, 2013

H.R. 75: To end membership of the United States in the United Nations.
Sponsor: Rep. Paul Broun [R-GA10]
Introduced: Jan 03, 2013
Referred to Committee: Jan 03, 2013,2,3#text=repeal&cu...


Paul Broun for President 2014 (after we kick out the whole lot of bastards in DC this spring)

NotApplicable's picture

Well, if this isn't a sweet twist on a meme. He's even a doctor, as well!'s picture

Ron Paul isn't gone. He's going on the road and coming to an SRO appearance near you!

AnAnonymous's picture

Greenspan would do some reverse psychology?

Nah. Bankers are just 'americans' who happen to be bankers.

They apply 'americanism' to their sector as any other 'american'

Greenspan do no reverse psychology. Greenspan thoroughly prefers to ignore the elephant in the room: 'Americanism'

'Americanism' is what gets the world in its present situation.

Nothing else.'s picture

Have you ever defined Americanism for us?

akak's picture

In the 'mind' of AnAnnoyingUs (which is located approximately one inch from his anus), his mythical strawman of "americanism" means precisely this: anything and EVERYTHING with which AnAnnoyingUs finds fault, or envies, or despises in the world --- which judging from the face value of all this criticisms, appears to be his own rapaciously and unsustainably exploding, overpopulated, uncouth, purely materialistic, blobbing-up Chinese society and culture.

spooz's picture

I was with you until you started talking about the bankers getting our payroll taxes.  Those go to the social security fund, which could be solvent if we eliminated the earnings cap. Also, citizens of most advanced countries are willing to pay taxes for benefits they recieve.  Universal health care tax is something that can be seen every time they visit the doctor.  Economies of scale, better bargaining position for cost cutting and elimination of unneccesary paperwork all would help bring the excessive amount we spend per capita for health care to a level more on par with the rest of the world.

I hate the banksters too, agree the financial markets are rigged for the betterment of the elites, who use them to accumulate huge piles of assets which they make sure are taxed at low rates under the guise of "investment income" being a good thing for the economy. 

But I'm for a more radical approach than you.  I would like the banks to be taken out of the money creation business entirely, and, under something along the lines of The Chicago Plan, sovereign equity take the place of sovereign debt. This would neuter the banks, and nullify the Federal Reserve. It also requires full reserve banking, which would keep the gaming financial wizards from looting our economic wealth. Its not fiat so much as leverage that has allowed the financial gamers to create a monopoly on money.

To me, this is the best way to give the bansters what they deserve.

Then you move on to Big Pharma, one of my favorite whipping boys.

Many of the unthinking sheep in our educational system have been introduced to Big Pharma in their formative years, through the legal speed "adhd" kids are dosed to get through the drudgery of todays educational system, where turning in monotonous  homework on time ranks as highly as scoring well on tests. After the kid starts jonesing because his dose isn't high enough, he may get the bipolar dianosis, which adds another pill or two to the cocktail, each with its own set of side effects that are worse than any adhd symptoms.  But they have learned to put their faith in Big Pharma, who certainly wouldn't sell a product that would do them harm.

If weed were legal, Big Pharma stands to lose a lot, unless they can control it.  Backyard drugs eat into profits.


Henry Chinaski's picture

I don't think it was just a coincidence that the Federal Reserve and federal income taxes came into existence at the same time.  Making interest payments tax deductible is a powerful incentive for people to take on debt.  Bad for people, good for banks. Even if you can avoid mortgage, student loan and consumer debt, you are still a debt slave to the federal government's debt.'s picture


I was with you until you started talking about the bankers getting our payroll taxes.  Those go to the social security fund, which could be solvent if we eliminated the earnings cap.


So the idea that SS is a form of insurance has fallen by the wayside and we can now openly admit that it exists soley to redistribute wealth and buy votes?

spooz's picture

I think of it as part of the social safety net which everybody benefits from. 

There are lots of ways to fund the safety net, here are some from a Huffpo writer:

  • Financial Transaction Tax on speculative investments - a quarter of a penny per share.
  • A BIG surtax on incomes over $10 million until the debt is paid off.
  • Cut the military budget a lot more. Reagan doubled it and 'W' Bush doubled it again. The Soviet Union is gone.
  • Get rid of oil company subsidies.
  • Rebuild the nation's infrastructure (with American-made materials) thereby employing millions who will then be paying taxes and won't be getting assistance, and then our economy will be more efficient and competitive in the future.
  • Retrofit (with American-made materials) our buildings and homes to be energy efficient, thereby employing millions (etc) plus our economy will have to spend less on energy from now on.
  • Make companies bring home the money they are holding offshore, and pay the corporate tax on it.



Watauga's picture

Be careful, Spooz, the source of your information.  The NYT and HuffPo have about as much credibility as Der Angriff and Pravda. 

As for social safety nets. . .  not yours, not Obama's, not Pelosi's, not anyone's business but mine.  I don't ask anyone to take care of my social safety, and I don't expect either to take care or pay for yours. 

You, Spooz, are a tool--you regurgitate the muck the Statists have fed you as if it is the wisdom of Solomon, and you buy into the scheme/scam designed to enslave us all. 


spooz's picture

Your argument of shooting the messenger while ignoring the message is SOP for propaganda. Do you actually have any arguments with the proposals?

And we live in an advanced economy, and most developed countries provide basic services, like health care, to their citizens.  Though the global elites would like to change it, and employ useful idiots to convince vulnerable sheeple to decide its in their best interest to abandon it and throw the new peasant class, formerly known as the middle class, under the bus, the majority like it that way things are.

You seem to be a cheerleader for global elite.

imo's picture


And we live in an advanced economy, and most developed countries provide basic services, like health care, to their citizens.  Though the global elites would like to change it, and employ useful idiots to convince vulnerable sheeple to decide its in their best interest to abandon it


So the global elite want dumb people to speak out against the "safety net " which they created to kept everyone in line? Nothing stupid about that.

Watauga's picture

I cannot imagine anyone being further from a grasp of reality than you, Spooz.  I would disagree with every one of the of the lies, deceits, and frauds you are promoting.  Here is a pretty solid piece of advice: If something is promoted in or by the NYT, HuffPost, MSNBC, CBS, FOX, ABC, WaPo, NatRev, Nation, The New Yorker, The Weekly Standard, American Spectator, Time, Newsweek or any other of the MSM, believe in and do just the opposite.  You, Spooz, have clearly bought into the lapdog way of life, and all I can do is say that I am sorry for you. 

spooz's picture

Brilliant. If you are incapable of refuting an argument, label the messenger as part of some hate group.  You've got all those hot buttons to tap, all the MSM, which, by the way, I pretty much avoid.

FYI, I found the huffpo list in the usual way I find things, with a google search. I don't read the Huffpo, but if it shows up in a google search with something I'm looking for, I read it. I thought the Huffpo guy's list was pretty decent, and didn't feel like compiling my own (I have more ideas), so I used his.

You decided that there was no reason to argue against any of the taxes, instead you pick the LAZY, IGNORANT way out and attack the messenger.

Dunno whether you are lacking in critical thinking skills or just a propagandist.


Watauga's picture

Talk about ad hominem attacks.  Wow.  

So, here is your adopted way forward:

  • Financial Transaction Tax on speculative investments - a quarter of a penny per share.
  • Define "speculative investments;" explain how you tax at a quarter a penny per share (e.g., explain whether a speculative position in Apple, at $600 per share, is taxed at the same rate as a speculative position in X company, at $1 per share); explain how this helps the economy; explain how this promotes private property and private investment; explain how this promotes liberty.
  • A BIG surtax on incomes over $10 million until the debt is paid off.
  • Explain.  Explain.  Explain.  All the same questions.  How does this benefit anyone but the big spenders and Statists?  How does this promote private property and liberty?  What is a "BIG" surtax?  Until the debt is paid off? Are you serious?  All the money in the U.S. cannot pay off the debt (keep in mind, the true debt, which includes obligations, is over $100T).  The more you tax those who create wealth, the less wealth you create and the lower the revenues.
  • Cut the military budget a lot more. Reagan doubled it and 'W' Bush doubled it again. The Soviet Union is gone.
  • Okay, so you accept the Leftist Party line.  Fine.  Reagan blah, blah, blah. . .  You realize, don't you, that you make no argument for cutting it.  You only associate it with Reagan and Bush, as if either they are evil or ZH readers give a shit.  What is your argument here?  Explain it.  As for cutting it, most ZH readers have advocated that for years primarily because it is a tool of TPTB and is used to harm genine U.S. interests in many instances.  But you only parrot the MSM, and make no argument whatsoever.
  • Get rid of oil company subsidies.
  • Explain oil subsidies?  How much would be saved by eliminating these "subsidies"?  What would the impact be on prices?  What would the impact be on jobs?  Sure, you see Oil as the Bad Guy, but why?
  • Rebuild the nation's infrastructure (with American-made materials) thereby employing millions who will then be paying taxes and won't be getting assistance, and then our economy will be more efficient and competitive in the future.
  • Come on.  Why parrot the Statists, Keynsian lies?  Few ZH readers would fall for this fool's errand.  Who is going to rebuild "the nation's infrastructure"?  With whose money? Do you honestly think that stealing still more money from wealth creators to throw at pie-in-the-sky, Obamacare type infrastructure projects, are going to do anything good for anyone other than those with their hands out, whether those hands are corporate or individual?  Good grief.  You should have learned in History 101, had you not accepted the profs bullshit Leftist propaganda, that this sort of thing has nearly destroyed us since FDR first started using such programs to consolidate Leviathan's power in his hands.  This show clearly how far down the rabbit hole of Statist propaganda you have fallen.
  • Retrofit (with American-made materials) our buildings and homes to be energy efficient, thereby employing millions (etc) plus our economy will have to spend less on energy from now on.
  • Oh good grief.  Get up off your knees and stop licking Obama's boots.  Since when has such govt driven programs resulted in "millions" of jobs?  And since when have they actually worked?  Why does every bogeyman you see have to have a BIG GOVT solution?  Simple, you are nothing but a totalitarian at heart.  And, as with all such minds, you KNOW that you know better for each of us than we do.
  • Make companies bring home the money they are holding offshore, and pay the corporate tax on it.
  • "Bring home"?  Home?  What do you even mean.  Can U.S corporations do business overseas?  Can they invest overseas?  And there you go again: "and pay the corporate tax on it."  Do you see a solution for anything that is not a tax and spend and control solution?  Remember, the more money you take out of the private sector, the less wealth will be created, the fewer jobs will be created, and the poorer everyone will be in every respect.

Spooz--you are a child who needs to understand that Dr. Smith, your community college political science prof, is not the be-all, end-all, of truth.  You need to do some serious recalculations about possibilities, open your mind, and think. Geez.  I cannot hardly believe the tripe you spewed here.  It is shameful and should be quite embarrassing for you.  Grow up, get a job, earn a living, pay some taxes, have your liberty reduced.  Get out of mommy's basement and turn off MSNBC.  It is really, really sad.

spooz's picture

The financial transaction tax would have the benefit of killing the gaming of high frequency trading.  Tax expert Lee Mavin did a piece on it in Forbes a few months back, if you don't know why high frequency trading should be killed:

"A FTT is a tiny tax, usually only a few basis points, levied on transactions in financial assets, and generally collected by a clearinghouse. The base of a FTT is the transactional amount. It could be consideration, strike price, or option premium. FTT is usually levied on sales of securities, but can also be imposed on unfilled orders, derivatives, repos, currency trades and any financial transaction."

He says big surtax, I say highly progressive on incomes over $250,000.  Too many years of too low taxes have created great inequality.  This is a way to even things out a bit.  The middle class is bleeding. These people are not.

I don't think we should subsidize any form of energy.  That way, the most cost effective one would become dominant over time.  At the same time, I would like to see government research, along the lines of los alamos, with the intention of developing cheap, clean alternatives for energy.  Pure research that doesn't have to factor in sunk costs of existing plants and equipment.

The money is there.  Its called fiat. Here is an explanation of the different ways our government procures funding:

I guess you haven't read anything about the overseas cash hoards either.  Our tax code allows corporations to defer taxes on overseas income.

"Staffers on the Senate’s subcommittee on investigations recently found that Microsoft booked profits in three offshore subsidiaries, an accounting technique that according to the Senate investigators enabled the company to shave $6.5 billion off its tax bill over the past three years. The subcommittee also reported that HP had its overseas subsidiaries make loans to the parent company in the U.S., a way to move money back home without being taxed on it, the subcommittee said. My Bloomberg News colleague Jesse Drucker has reported that from 2007 to 2009, Google avoided paying $3.1 billion in taxes on foreign profits."

You can read the rest.  These multinationals also put pressure on their cronies in congress to repatriate the profits tax free, and were successful once in the past (2006, iirc).  They do it under the guise of jobs creation.  Then they use the money to prop up their stock price. That way all those stock options become more valuable, because you know, its all about making the biggest pile of loot.

But yeah, you have a lot to learn.

Watauga's picture

Look Spooz, the bottom line is this:  you are a Statist and would impose upon all your twisted ideas because you believe, somehow, that you know better for everyone than they do for themselves.  You are precisely what is wrong with the U.S. and much of the rest of the world today.  You would have fit in well with Robespierre, Lenin, and Mao, until you didn't, at which point you would be slaughtered or "re-educated."  The point is that you want to tax and spend and control--you are a totalitarian, at least as long as you hold the reigns. 

spooz's picture

No, precisely whats wrong with the US is Hayek inspired neolibs who work for the global elite pretending that austerity will be a good thing for the sheeple. 

"The way this “austerity” debate has been framed in all the major media outlets, anyone pushing for austerity cuts and “pain” is automatically labeled “courageous”—which is an odd way of defining courage, since not a single rich politician or pundit pushing for “austerity” will actually suffer that pain, and most will profit from it. But that’s what counts as “courage” in our era. These same media elites used words like “courage” and “bold” to describe how Vietnam War deserters sent other people’s kids to die in Iraq—it was “courageous” because these warmongering draft-dodgers didn’t pander to the protesters in the streets or popular opinion. (Of course by this standard, that would make the world’s worst, most undemocratic tyrants the most courageous leaders in the world.)"


Sean7k's picture

If you want to reign in the algos, why not make it illegal? The problem with a tax and any tax is that it is theft. The government has zero claim to my labor or wealth. They may want to tell us this, so they can continue to control every aspect of our lives and grow to the point of totalitarianism, but I don't buy the arguments. 

Your proposals are to increase the tax, increase the tax, but how about cutting spending? Your one proposal to cut oil subsidies is the best one- cut them all. Not just for oil, but for Agriculture, the Military- Industrial complex, Education, Roads- there is no sane reason to put this type of control in the hands of 545 people that can be bought by any Tom, Dick or Hermione.

Surtax on the wealthy? Please define wealth, cause the whole third world thinks I'm wealthy beyond their wildest dreams. You want to steal what you haven't earned. That is criminal. It also opens the gates to other confiscatory taxes in the future, when wealthy might have a whole new meaning.

Same argument for overseas corporate profits. You want the money brought home? Stop having the highest corporate tax rate in the world.

You seem to think you are entitled to a standard of living, but you are unwilling to work for it yourself. You figure to steal it from someone else and justify this criminality by saying you deserve it. Other western nations have it, so should we. You are referring to the other deeply in debt, unable tp pay their costs nations whose economies are falling apart, unable to finance their continuing debt? 

People with wealth have it for good reasons. They are more capable, save more, invest more, live within their means or their ancestors did. While the criminality of central bankers maybe an exception (a brilliant sociopathy), the answer there is to eliminate central banking and return to having no legal tender laws. 

Stealing everyone's wealth never works, because you didn't earn it, therefore you just spend it until you need more, then you steal again. When you earn wealth, you prize it, protect it and put it to work- or throw it away because you are a moron. That is why lottery winners lose it all. 

There are no perfect economic systems, but socialism and attempts at income equalty have always failed, although those in charge disposing the wealth seem to do quite well. 

spooz's picture

When looking at wealth, one has to consider the increasing inequality that has resulted in many years of historically low tax rates.  These low rates did not result in increased employment, only bubbles.  The way to correct the imbalance is to have more progressive rates on incomes over $250,000 (only 2% of the population), and raise capital gains rates.

Your argument sounds like Charles Murray inspired BS.  A lot of people have wealth because they have connections for inside information, are able to manipulate the markets, were able to influence the tax code through money spent on lobbying, or are lucky enough to be the spawn of already wealthy. A lot more stealing of wealth can be found among the LIBOR fixers, insiders trading information, and stuff like the BATS scam ZH reported on today than any tax these gamesters have to pay.

Eventually a meritocracy becomes an aritocracy, as all the cream rises to the top.  Thats where we are headed, and it signals the death of the American dream. As a libertarian, I take it you are familiar with the Mont Perlin society. I've been reading about its ties to the Chicago School and neoliberalism.  I'm not a fan of neolibs globalist agenda.  Too bad both sides of our duopoly support it.

And it would be best to ban HFT, but taxing it will probably have the same effect.'s picture


I think of it as part of the social safety net which everybody benefits from.


SS is now paying out less than contributors have paid in. All folks have to do to exceed the SS benefit is put their money under their mattresses. Why do you believe that losing money benefits anyone let alone everyone?

RKDS's picture

It may pay out more that it takes in _now_ but what about the previous half century?  The same people who spent those years robbing the trust fund want you to focus entirely on today precisely so you don't see what they've done.

judejin's picture

7 billion zombies walking on earth. i just can't wait for the finale, the inferno, the big reset!

keep stacking!

rsnoble's picture

Sure would be nice to get the guns before the system blows sky high, care to guess the efforts being put forth to keep this topped out market propped up? Soon it's going to be open season on these motherfuckers and Homeland Security will assign 50agents and 50,000 bullets to each JPM employee.  Fuck 'em all they got it coming.

Salon's picture

They have pistol bullets.

They dont have nearly enough SS 109

Freddie's picture


Don't forget .308 and 30-06.  America has at least 5 million licensed hunters in only 5 states - NY, WI, MI, TX and PA (I think).   I would bet a lot of those hunters have .308 scoped rifles.  .40 "don't" do too well against .308 at a distance. 

Also 2 million CCWs in AL, GA and FL.

Get all the ammo you can.

Salon's picture

There are two parties to every con. The con artist and the greedy stupid person.

Responsible people know not to take on excessive debt.

They due their own due deligence, even on education, a student loan, or a mortgage.

They live beneath their means and don't assume their income stream is stable enough to leverage to the hilt. They don't assume they could never be affected by health issues.

Testudo321's picture

Responsible people don't have to take on debts - the goverment does it in their name. And they better like it or else...

NotApplicable's picture

Benron Says...

Payup, Bitchez!

sgt_doom's picture

"Responsible people know not to take on excessive debt. "

Salon commenter makes the classic idiot's statement (assuming she/he/it isn't a N.A.M. or Financial Services Roundtable plant) of nonsense.

Firstly, the multi-billionaires took on boatloads of colossal debt, which they then finagled on the rest of us.

Secondly, while I've never personally fallen into that category (of taking on debt), I've observed plenty of responsible people who did so for survival's sake, due to trying to survive in a predatory capitalism system not of their making.

Thirdly, they have peddle and have gotten fraudulently rich off of all that debt they created, have access to those economic warfare tools few others have available to them:

(1) unlimited number of credit default swaps (naked swaps)

(2) unlimited number of commodity futures trades

(3) unlimited number of investors per hedge fund

(4) DTCC's Stock Borrow Program for naked short selling (i.e., fraudulent utilization of "phantom shares" to manipulate and speculate the market, when said shares cannot be in play, and

(5) LIBOR rate manipulation, said recent rate manipulation affected an estimated $800 trillion worth of contracts.

Your response, Salon......'s picture

So you understand that debt is an elitist scam and that the only way a responsible person will fall into a debt trap is through the machinations of scammers and yet you object to the idea that responsible individuals should avoid debt?

porcsale's picture

Responsible and educated people know not to take on excessive debt.

A lot of people are just being taken advantage of.


NotApplicable's picture

Like any disputed idea, a clarification is in order.

Given that most people do not follow the financial world to the degree in which we do here, exactly what should be considered "excessive" levels of debt for those whose only direct experience has been watching everyone successfully flip houses for the past X years, all while mortgages were suddenly available for nearly anyone with a pulse? Oh, and add to that, all of the "experts" on the TeeVee talking about how great this bubble was for the economy.

My point is, rational behavior is wholly circumstantial, being based upon how things work at the moment. Sure, some of us can see a little farther into the future, as our base of understanding is broader. But on the average, most people cannot help but to fall victim to conventional wisdom.

hankwil74's picture

Democracy is terrible... those other systems are working so well!'s picture


Democracy is terrible... those other systems are working so well!


My life has been far more productive and fulfilling since I decided to take responsibility for myself as an individual rather than waiting for some politician to do the right thing and "save" me.

sgt_doom's picture

Yo, douchebagger, when and if we ever get democracy in America, you be damn sure to let the rest of us know, especially 1AAA combat vets, as opposed to ultra-losers like your buddy John Boehner, the slacker dood who washed out of Navy boot camp, then would later falsely claim military service during Vietnam.


shovelhead's picture

Nice job laying out the essentials of control without the technical jargon that would cause most non geek eyes to glaze over.

The problem as I see it is that, for the most part, the world of finance is opaque to folks who's primary contacts with banking are housing and auto loans only. The banking system to them are a benevolent lender on these few rare occasions that they intersect outside of normal deposit and withdrawal transactions and the deeper financial chicanery remains unseen and purposely clouded in the media.

We tend to filter and file new information with the tools we have available to us and for most people that filtering system consists of a social and/ or political party platform with all the prejudices and passions that color the new information so we will try to make the new facts fit our preconceived theories, rather than examining whether the theories may be faulty to begin with.

The US red team /blue team ploy is carefully instilled as a divide to which the 'other side' can bear the burden of the failures of the economy to provide a decent standard of living while the real bankster/ govt. cartel  culprits remain in the shadows to the public at large.

This is changing, too slowly it seems to many of us, as more people lose homes and jobs and are looking for answers to how things became so broken and the glib media explanations do not seem to mesh with their new reality.

I noticed a change at the local barber shop, where the philosophical conversations can get lively while waiting, that the hard line opposing opinions are blaming Congress and the Wall St. crooks instead of each other, which is a shift in thinking from before. I generally keep a low profile but ask some hard questions when the sound bite 'news' regurgitation try to pass as rational explanations for how things came to be.

The real problem, as I see it, is that people do not understand the fundamentals of fiat money and fractional reserve banking 'money' creation that is the root from which all other crimes are made possible. That 'thin air' money is a tough hurdle to jump for most because it just doesn't seem possible to them that such fraud could be legal.

That's the point, I say. It shouldn't be.

sgt_doom's picture

"The problem as I see it is that, for the most part, the world of finance is opaque to folks who's primary contacts with banking are housing and auto loans only."

That, and all your further comments, are words of pure wisdeom, SH, words of sterling clarity.

Having been involved in volunteer political activism for forty-some years, each 5-year period, or decade, has gotten worse and worse as it appears to yours truly that arithmetic was either getting more difficult for many to understand, or else many were becoming too foggy-brained to understand the basics.

Just explaining private equity leveraged buyouts to most people is a monumental task, and afterwards, most still refuse to believe you.

The greatest, and primary OPM event (Other People's Money) was the establishment of the concept of "interest" and "interest-bearing loans" --- when one party has the "divine right" to create money, then assign another the burden of obtaining more money, when said individual doesn't have any right to create money, an aritmentically losing proposition to everyone but those infernal money creators!

q99x2's picture

The word is getting out and this article is nicely done. The nations of the world know who the enemies are now. With slightly more economic difficulties as things continue to collapse it won't be long before they begin rounding up the Goldman Sachs gang. A very expedient way to end the tyranny.

NotApplicable's picture

Are you kidding?

This "expediency" is of their own design.

Here's the clue; by design, we will collapse long before they do, as they are the ones who own everything. Knowing this, one is left with the uncomfortable choice of profiting from direct support of the beast, let it consume you, or struggle to find some "happy" middle ground.

If you think the collapse will benefit the common man, well, you're just an unwitting tool of the elite.

Overdrawn's picture

LOL, Goldman Sachs gang will get Knigthoods and Nobel Prizes for Economics and Peace.   It is us that Governments are afraid off, they fear we will eventually turn violent and overthrow them.  Why do you think Obama passed the NDAA, built FEMA camps and supplied Homeland Security with ?$40 million worth of bullets.

Hubbs's picture

This article, the understanding of the FED and fractionasl banking are  must reads for anyone BEFORE they take economics 101.  A form of vaccination before exposure to the contagion.


I teach my 8 year old daughter very simple concepts:

If you want to save and protect your savings, buy physical  gold and silver, and keep it from being stolen by burglars.

If you "invest money" with someone outside physical gold and silver, expect then to take a good portion of your money.

Never give up your guns or farm land (means of self subsidence)

Paying taxes is essentially protecting(defending) your property against govermnent confiscation. (Burglars)

Neo1's picture

Use federal reserve notes and incur an Irrecusable obligation. The puzzle is complete!!! A Banksters defeatism (realization of defeat) nightmare, Being forced to Return to Real Money=United States Note=Lawful Money, Use the Remedy within the Federal Reserve Act. Redeemed 12USC411, Refusal Penalty 12USC501a Stop being a Slave!!!!!! This is Tax Free Money!!!!!! Convincing Congress to Abolish the Fed

TruthInSunshine's picture

The 7 easy steps to controlling the world without doing any honest physical or mental labor (fractional reserve CronyKapitalistComrade Model):


  1. Buy off/bribe/blackmail/extort/destroy any lawmaker/politician/military officer who poses a risk of thwarting your plans. For those who doubt the feasability of this, or its relevance to current times, please refer to your course materials and the historical record regarding the events surrounding the meetings held by dominant global banking interests on Jekyll Island, off the Georgia Coast, in 1910.   *Very important first step.
  2. Create fiat from thin air at zero cost basis, using nothing more than a literal stroke of a key, that's backed by nothing of inherent value, that has nation-state enforced legal recognition (due to that which is stated in #1 above), and in fact, is a monopoly currency with no legally recognized alternative in the payment of debt, both public and private.
  3. Circulate such fiat via "loaning it out" (which is an oxymoron amongst oxymorons), charging interest upon it, and dramatically increase the volume of fiat/debt created in step 2 by many, many multiples, via the use of leverage (whether by allowing the mule banks to have artificially low capital requirements, or purposefully not regulating credit derivatives, or via a plethora of other mechanisms).
  4. Successfully get nations (war is a fantastic motivator to borrow), business entities and individuals (the need for food, energy, health care, security, etc. are great motivators) to borrow said worthless fiat that was conjured from thin air, and pay interest, pledging their real, inherently valuable assets in exchange for said worthless fiat (i.e. meaning that their real, inherently valuable assets can be taken if the conditions that make it impossible for them to repay the worthless fiat are [intentionally] induced).
  5. Set the rate of interest payable on the loans of fiat that was conjured from thin air, solely at their discretion (don't be Krugman-level disingenuous and proclaim anything remotely close to 'free market mechanisms' set these rates, especially at a time when the Bernank has just purchased [using fiat-debt conjured from thin air, so no skin of the Fed's nose] a massive chunk of U.S. deficit spending- i.e. monetization- of U.S. Treasury Notes for about a 36 month period).
  6. Supply more of such fiat, or withdraw fiat, to/from the system, at their discretion, bringing about inflation or deflation.
  7. During times of large scale loan defaults, on the repayment of the fiat that they conjured from thin air, backed by nothing of inherent value, seize the most valuable assets that exist on the planet, many of which mankind depends on for its very survival.