CBO Issues Dire Forecast for US Debt
The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have [...]
I reported previously that a dealer I knew suddenly had his credit line closed. I have warned that besides banks preparing for the coming CBCDs closing local branches in the USA and Britain, I seriously question if they will allow people to buy precious metals and use cryptocurrencies post-CBDC. This is about control, and they want to shut down what they view as the underground economy, which they estimate is 20%-35%, and this is about increasing their taxation to automatic theft.
This is the net result of Direct Taxation, which the Founding Fathers warned would happen. That is why they prohibited any form of Direct Taxation in the Constitution. The Socialists seized power and pushed for the income tax in 1913. They argued they needed to raise tax rates with every war but never returned them to pre-war levels. This has been a slow grinding process over more and more control. This leads to eventually owning nothing and being very miserable – not happy.