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    Disband the Corrupt Federal Reserve System and the Irs Now!
    Disband the Corrupt Federal Reserve System and the Irs Now!
    Disband the Corrupt Federal Reserve System and the Irs Now!
    Ebook118 pages2 hours

    Disband the Corrupt Federal Reserve System and the Irs Now!

    By Pete Sotos

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    About this ebook

    Local and international bankers gathered on Jekyll Island in November 1910 for a secret meeting that would have lasting consequences.

    The evil men drafted illegal legislation to control our entire banking system and economy. They also schemed to force every citizen to pay income taxes or face incarceration.

    Pete Sotos, a financial expert, reveals the names of the people to blame, as well as places and dates. He answers critical questions such as:

    Why were the Federal Reserve System and the Internal Revenue Service created in the same year? Why should we demand that the Federal Reserve System and the IRS be disbanded? How could we get the money we need under a new system? What can we learn from what past figures have said about money and taxes?

    Corrupt legislators continue to close tax loopholes every single yearincreasing the tax burden for hard working Americans everywhere. What theyre doing is illegal and wrong, which is why we must Disband the Corrupt Federal Reserve System and the IRS NOW!

    LanguageEnglish
    PublisheriUniverse
    Release dateMar 17, 2015
    ISBN9781491762103
    Disband the Corrupt Federal Reserve System and the Irs Now!
    Author

    Pete Sotos

    Pete Sotos earned his chartered life underwriter degree from the American College of Life Underwriters in Bryn Mawr, Pennsylvania. He’s been a life insurance agent since 1957 and has also been a stockbroker and registered investment adviser. He is married with a son and lives in St. Petersburg, Florida.

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      Book preview

      Disband the Corrupt Federal Reserve System and the Irs Now! - Pete Sotos

      CHAPTER 1

      The American people must ask their representatives and senators three major questions:

      1) In what year were the Federal Reserve System and the IRS created?

      2) Who created the Federal Reserve System and the IRS?

      3) Why were the Federal Reserve System and the IRS created in the same year?

      Tom Daschle, a former senator, made $5 million in lobbying. And, mind you, he forgot to pay income taxes on it. So far, I have not heard of any IRS action against this income tax evader.

      Abe Lincoln said, I fear that this form of government together with the corporations shall collude against the American people.

      Source: The standard authority on Abe Lincoln’s speeches and writings and the collected works of Abraham Lincoln’s large multi-volume publications.

      Corporations go to Washington and lobby Congress to issue legislation to favor them and not the public. Mr. Ross Perot stated, They can lobby, just as long as not one nickel changes hands. source: stated on tv when running for the presidency of the US.

      The American people are more concerned about sports—their teams, players, and records—than with politics. They are not watching Congress. Don’t they realize they will pay a dear price if they don’t? They are now paying that price. We are enslaved through illegal and excessive taxation. Legislators steal income tax money in various ways. Most are lawyers and can con us simply because the people are uneducated and ignorant.

      The newly elected officials—Walker, Rubio, Ryan, Cruz, Paul, West, and so on—appear to be on the right track. These people were elected because of the efforts of the Tea Party. This book is all about causation. How did it all come about? How did these happenings occur in our history?

      Franklin D. Roosevelt said, Nothing happens by accident. It is all well planned and then executed.

      Is it a little suspicious that two world wars happened after 1913? Are the Rothschilds at work in the United States?

      It is important for the Tea Party to address our humongous debt problem. However, it is even more important to vigorously attack the illegality of the feds and the IRS. Congress continues to play games by lowering or raising taxes and debt. They will not stop the spending because Congress plays politics all the time. They fight each other like children, and absolutely nothing gets done. For this reason—and many other reasons—we must take the helm or perish financially.

      Americans must lead the way by stopping excess spending. They have caused their own misery by spending more than they earn—just as the government does. They can’t figure out that debt is financial cancer that will destroy them. One must live within one’s means. Save, pay in cash, and haggle over prices. Many people buy used items that work very well for them.

      I have no credit cards. I live well within my means and invest the difference to increase my unearned income. What about you?

      The Tea Party voted out a lot of the incumbents in 2008 and took control of the House and the Senate. This is a major step in forcing Congress to stop spending and debt limit increases. This process must be repeated. Disband the Federal Reserve System and IRS, and replace the IRS with a national retail sales tax system. Why? When I buy a car, I know what I got for my sales tax (a car). When I buy clothing, I know what I got for my sales tax (clothing). This will be very difficult for us to execute because it will take away the control of our money by Congress through taxation.

      I would set the sales tax at 15 percent for all items except food and 20 percent for luxury items. Luxury items include jewelry, furs, expensive cars, yachts, airplanes, multimillion-dollar homes, artifacts, and paintings.

      Moreover, we will keep 100 percent of what we earn, sell, and win. We will know exactly how much we will be paying in taxes based upon our purchases. Most workers who earn minimum wage will obtain items from garage sales, swap meets, and thrift stores without paying any sales tax. The sales tax on very old vehicles will be insignificant, and people must save to pay for them.

      Furthermore, we will have a huge nationwide pool of disposable income. We can pay off debt and invest money in the stock market and real estate—once we study those difficult, risky investments. People have to learn how to handle the profits from investments. I call this unearned income. Never spend your investment principal—only spend the income it creates. The more people invest, the more unearned income they will enjoy.

      Most people will not do this. Most people will continue to spend it all. Spending is a no-brainer. This will be good for the subgovernments, because sales taxes will soar. The increase in revenue will help states expand services to the population.

      CHAPTER 2

      ANSWERING THE THREE QUESTIONS

      Who created the Federal Reserve System and IRS legislation? Evil bankers met secretly on Jekyll Island, which is off the coast of Georgia, in November 1910. The top-secret meeting was allegedly for a nine-day duck hunt. These evil bankers included J. P. Morgan, Paul Warburg, Jacob Schiff, Frank A. Vanderlip (protégé of John D. Rockefeller), and Bernard Baruch. Senator Nelson Aldrich came from Newport, Rhode Island, to represent the wealthiest bankers in the country. They rode in Aldrich’s private rail car to the Georgia transfer point to Jekyll Island.

      Why were the Federal Reserve System and the IRS created at the same time? In 1913, in order to pay for highly profitable and costly wars, the people had to be taxed at any limit. They were forced to pay the tax. In addition, the banking system had to be controlled by a private system in order to control the nation’s money and economy. The system would have no checks or balances. The government still controls our entire banking system and the economy.

      CHAPTER 3

      THE DEVASTATING EFFECTS OF TAXATION

      The evil bankers conned Congress into giving the power to the IRS to incarcerate anyone who did not pay income taxes. With this power in place, Congress could vote to substantially increase income taxes.

      Think I’m kidding? Think again. What were the highest tax rates in the late fifties and early sixties? Can you believe they were 94 percent, 92 percent, and 88 percent? That was the major reason why Ronald Reagan ran for the presidency in 1980. He lowered the federal income tax rate from 70 percent to 50 percent.

      Prior to 1986 tax act, 60 percent of capital gains were exempt from being taxed. The career criminals killed this loophole in 1986 and taxed 100 percent of capital gains. Many other loopholes were closed, substantially raising our overall tax burden in the Tax Reform Act of 1986. When those thug legislators used the word loophole, it was a tax advantage for the American people. When Congress eliminates a loophole, they in effect increase our taxes. This is why these congressional thugs must be voted out of office forever.

      The American people must understand that new legislation created by Congress each year is to close the loopholes, thereby increasing our tax burden. This is an illegal method to literally steal our money. All expenditures and taxation is over a ten-year period. They never conform to this period of time. Every year, there is a new Congress—and all is forgotten or paid lip service too. Most people don’t do their income tax returns, and they are oblivious about taxation and the congressional acts each year the new Congress convenes.

      It is noted that about 40 to 50 percent of the taxpayers do not pay any income taxes. So why should they study or care about income taxes. Those who do pay income taxes

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