Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Tuesday, January 13, 2015

Interesting Thought Experiment: FED Reserve Wolf, Hides Out in Sheep's Clothing. The Deficit Has Always Been Fake




It seems a petite, very small tax of 0.1 cents on each dollar processed thru Federal Reserve Bank daily would cover the whole budget of the United States of 3.5 trillion a year.

Math proof (please check)  follows.

Please assume a $1 tax on 1000 dollars.

14 trillion divided by $1000 = 14 billion a day

14 billion times 5 days a week = 70 billion

70 billion times 52 weeks = 3 trillion 640 billion a year ~ yearly federal budget

Now that works if my math on $1 on each $1000 is correct.

One dollar is 100 cents.  One thousand dollars is 10000 cents therefore

the financial transaction tax is 0.1 cent per each dollar.

The Federal Reserve Bank processes all retail, all goods and services, stocks, bonds, every transaction that goes thru banks.

I am not an economist so this seems so easy to me that I must be making some horrible calculations here or there is some "moral hazard" with taxing the Federal Reserve to pay for the Federal Government, or there is some "funny money" all mixed in with the balance sheets of the Federal Reserve that makes this proposal not a viable way to pay for our debts.



Please Do Check Out the Comment Section:

Sunday, October 9, 2011

7 Core Demands From The Occupy Wall Street Movement

 1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

 2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

4) Limit the Size, Scope and Power of Banks so that None are Ever Again “Too Big to Fail” and in Need to Taxpayer Bailouts

5) Eliminate “Personhood” Legal Status for Corporations

6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland



Additional Details From The Seven Demands
http://dailybail.com/home/7-core-demands-from-the-occupy-wall-street-movement.html     

All My Verses Chemistry 4 Conscious Eggs ********* ALCHemYEGG AUMniVERSE