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Saw the movie, thought it was a stupid attempt by Russo to defend his pending tax evasion trial...... The Federal Reserve banks have only a small share of the total national debt (about 7%). That's hardly what I would call control... Nearly all the Federal Reserve's net earnings are repaid...

Here's some history about wht the Fed system was enacted: Prior to the Civil war there were thousands of banks in operation throughout the Union, all of them chartered, that is, licensed by the state governments. Banking regulations were virtually nonexistent. The federal government had no...

The regional Federal Reserve Banks are private owned, but they are controlled by the Board of Governors -- a federal agency whose members are appointed by the President and confirmed by the Senate. The Board sets monetary policy and the Federal Reserve Banks execute it. In other words, the...

With an invitation like that, how could I resist? Which myth would you like me blow out of the water first? Myth #1: The Federal Reserve Act of 1913 was crafted by Wall Street bankers and a few senators in a secret meeting. Myth #2: The Federal Reserve Act never actually passed...

:eek: :eek: Dude, you're a fuckin' animal !!!!!!!!!! Note to self : Don't ever fuck with Maxpi. :D :D

Ok, I'm watching the video again as I write this. First thing that I feel is wrong is the guys statement that banks create money from the borrower's promise to repay. I'd say that's false, the bank controls the asset (house). So when you go 'borrow' money from a bank, you're not really...

Ok, I understand your point about money being fiat, and I agree with that. I also agree that it's not better or worse,as long as the currency being used, be it fiat paper or feathers like the video gave, works. I think we also agree, that in essence, the banking system and the 'creation' of...

Hey boss- I would think that money isn't backed by debt, but rather by a giant web of assets - homes (from home loans), cars (from car loans), and business assets (from business loans), etc... Am I off base here?

Thanks Trefoil and Ron for the reply- Ron, the lowinf/hi inf distribution of wealth is clearly over my head. LOL. Could you explain a little the mechanism for this? Is it a different scenario for short term consumer credit vs a long term home loan where the borrower would get the benefit...

The video prompted a question that I hope that someone could answer : A hypothetical situation - 1-Mr Joe Average works for a credible company that gives COL raises to offset inflation/devaluation of say, 3%. 2- His biggest debt, like most middle income families, is his house, which he...

ROFLMMFGDAOOOOOOOOOOOOOOOOOOOOOOOOO It must suck to be you Rat. Everything's rigged in your mind. What a sad way to exist... You're also a sorry excuse for an American too. You come here claiming how you know how laws are written, and enacted, and still you do not know how it is possible...

Good, it was a trick question anyways. The SC has in fact overturned a conviction before, but the defendant was retried and reconvicted...

Ok, here’s the law for all you mouth breathers. Follow the bouncing ball: . According to the United States Statutes at Large , ( The United States Statutes at Large, commonly referred to as the Statutes at Large and abbreviated Stat., is the official source for the ----laws---- and...

LMAOOOOOO Now Rat has to resort to personal attacks to try and make his point. Truly the last gasp for the defeated. Tell you what Rat, since I'm feeling sorry for you. I'll help you a little. Remember I keep asking you whether or not the SC has ever overturned a conviction? Guess what...

You really are dumb, you know that Rat? Cohen says that Russo's SC .... ARGUEMENT...... is not applicable. And why is that? Find that answer and maybe you'll get it

More on voluntary compliance: Undeterred by his stint in the slammer, Schiff went back to court. The court dismissed Schiff’s notion that the U.S. tax system is voluntary and no income tax is "legally required." To the extent that income taxes are said to be "voluntary," however, they...

http://www.etaxes.com/tax_scams.html More hilarity from another of Russo's starz: Larken Rose moved to the top of this list on August 12, 2005 as he was convicted by a Federal jury in Philadelphia of five counts of willful failure to file federal income tax returns. Rose dropped to the #2...

Some hilarity from one of Russo's stars: http://www.etaxes.com/tax_scams.html In U.S. v Schiff, 85-1 USTC ¶9108 , 751 F2d 116, the second circuit court of appeals affirmed Mr. Schiff’s criminal tax evasion jury conviction. Schiff, the court noted, is the author of "How Anyone Can Stop...

OK, so I'll go check some of your sources then. Oops, you don't give any, other than youtube videos. LMAOOOOOOOOOOO Hmmm, still noticed you haven't found any SC rulings that support your views yet. Or pointed out where RP believes that income taxes are illegal. Or pointed out where...

wrong again Rat. reread what i wrote. i said i skimmed through his speech. i didn't read an editorial about the guy. here is my source. http://home.hiwaay.net/~becraft/mcfadden.html