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This startling announcement could have
huge implications on your
taxes
Excerpts
From Simon Black,
Senior Editor of SovereignMan.com
The day
before yesterday in the UK, something
happened that has significant implications
for us all.
Old western economies are clearly losing
their dominance. Particularly in Europe,
the costs of broken pension plans and
entitlement programs are bankrupting
entire economies.
Yet, national governments continue to
perversely borrow and consume;
politicians have been acting like
degenerate gamblers, borrowing money from
anyone they could, blowing it all on
terrible bets, borrowing more money to
make even worse bets, and actually
expecting different results.
The TRUTH of whom is responsible for what
has turned into the Global Financial
crisis, is finally told above "national
governments continue to perversely borrow
and consume; politicians have been acting
like degenerate gamblers, borrowing money
from anyone they could, blowing it all on
terrible bets, borrowing more money to
make even worse bets, and actually
expecting different
results."
Obvious total idiots on both sides of the
big pond with necessary qualifications
only being a professional liar and thief.
To be able to lie through your teeth
while condemning the future of us and our
children to poverty while bailing out
their buddies.
Something needs to change... and it
appears that Britain is the first major
western government to face the music. As
such, British Chancellor of the Exchequer
George Osborne unveiled yesterday what
has been touted as 'emergency' budget
austerity.
Osborne's budget cuts deep. It hits the
elderly, it hits low income workers, it
hits single mothers, it hits business
owners and investors... it even hits the
Queen, who will see her multimillion
pound salary frozen for several
years.
Of course the cuts are in the wrong
direction and there are not nearly deep
enough.
The size of Government needs to be cut by
50% and the remaining 50% a 50% pay cut
for incompetence, theft, and treason in
some cases - Those who were in office
Government wide while the pillaging and
theft of public coffers should be put on
trial. The sad part is these treasonous
buffoons make the laws which are in turn
protecting them from us instead of what
most Constitutions are supposed to do -
protect us from them and there power
grabs.
In my country when the Government tried
to do what London is doing - raising the
VAT from 20% to 25% to pay for Government
incompetence and our portion of the Greek
Bailout (we rioted and protested giving
them a
reminder of 1996-1997 when we brought
down the entire Government and burned
down the Parliament and Presidential
Palace - and replaced them - ALL OF
THEM.)
In reaction the Government tabled the 25%
VAT proposal and effective immediately
they gave the entire Government a pay CUT
of 15%, all of them Prime Minister
included. Case closed.
To give credit where credit is due,
Osborne should be commended for looking
his nation in the face, speaking about a
very grim reality, and being candid about
the tough sacrifices that everyone will
have to make.
But those in the Government will have to
make much smaller "sacrifices" - the cold
hard truth is those in charge of this
Global catastrophe should be facing
firing squad - of course they would just
pardon each other.
But here's the scary part, and what we
need to learn from:
While there was significant talk in
Osborne's speech about spending cuts,
most line items have yet to be fully
determined. What they are absolutely
clear about, though, are the tax
changes.
Britain's VAT, for example, will increase
from 17.5% to 20%. Many personal income
tax rates will rise as well, particularly
for high income earners. These changes
will be phased in gradually... except for
one.
Osborne announced that Britain's capital
gains tax will increase from 18% to 28%
for higher income earners. Yet unlike the
other changes which are phased in over
time, capital gains tax change occurs
IMMEDIATELY.
There is a serious lesson here:
Governments have the power and
willingness to make major changes
overnight. With the stroke of a pen, they
can impose capital controls, higher
taxes, gold forfeiture, confiscation of
retirement savings, or anything else they
can dream up.
Governments need this power taken away
from them, unfortunately it will need to
be done by force by the people. (Force is
wrong? -isn't that exactly what they use
against you? Wrong for the people right
for the Government?)
This brought tears to my eyes
.....
The future
is all about the
Man/Woman in the Mirror
does
Protest against the interception of
telephone and internet by the Bulgarian
Government Part 1 14 January
2010
Protest against the Bulgarian Government
Part 2 14 January 2010
These people have courage and honor to
fight against the thugs in the cold
winter and snow in a place that has more
police per capita then almost any other
country in Europe - I am truly proud of
them - Viktor
They will continue the cycles of rape and
pillage until the end of time if the
people do not take the power back - and
obviously this cannot be done at the
ballot. Constitutions need to be written
to ensure the public servants remain
public servants and not the Masters that
they have now made themselves. Creating
laws that protect them and not the people
as they are supposed to
do.
Britain's emergency budget underscores
this point even more, and reminds those
of us who aren't in the UK that we need
to prepare NOW. Why? Because other
countries won't be far behind, including
the United States.
At a certain point, President Obama will
be forced by circumstance to look the
American people in the eye and ask them
to sacrifice... and pay higher taxes
effective immediately.
President Obama can only look a
teleprompter in the eye and when looking
into the crowd he sees only his corporate
supporters, Goldman Sachs, Bank of
America, Wall Street - to promise the too
big to succeed that he will bail them out
because they are too big to
fail.
Also, it's likely that the US government
will get its hands on private retirement
savings some day soon... there's about $5
trillion out there, and at some point
that they'll mandate a portion of all
managed retirement accounts to be held in
the 'safety' of US Treasuries.
More theft by the Government as usual -
nothing new there -
California State Government has already
publicly admitted stealing Safety Deposit
Box contents of its residents -
adding their ill gotten gains from the
auctions of those contents to their
treasury to continue financing their
incompetence.
I can't stress this enough-- proper
financial planning should be an integral
part of your multiple flag strategy .....
continue reading
remainder of article
May God Bless all of you and take
care,
Viktor Kovetanets reporting from Varna
Bulgaria
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