Former Fed Mob Boss Calls for VAT and Carbon Taxes


Kurt Nimmo
Infowars.com
April 7, 2010

One thing is certain. If Obama and his “economic advisers” have their way, you will be paying significantly higher taxes directly to the banksters. Since payroll taxes are already egregiously high, the preferred method is either a sales tax or a so-called value added tax, also known as VAT. Glenn Beck is a fan of this form of government fleecing while his “conservative” counterpart Bill O’Reilly prefers a straight sales tax to pay down the national debt.

scott brown
Volcker has said Americans have been living above their means for too long.

In steps Paul Volcker, the former Fed mob boss who now runs Obama’s Economic Recovery Advisory Board. Volcker said yesterday the United States should consider imposing a European-styled VAT in order to get the deficit “under control,” as Fox News put it.

Volcker also told a panel discussing the global economic crisis at the New-York Historical Society that Americans needs to be socked with new taxes on carbon and energy.

If you want to know what Volcker has in mind, consider remarks he made in 2008: Americans have been living above their means for too long. “It is the United States as a whole that became addicted to spending and consuming beyond its capacity to produce,” Volcker lectured the Economic Club of New York. “Bringing consumption back in line with income would not only crimp individuals and families, but also require major readjustments in the global economy,” said the Los Angeles Times.

Volcker did not bother to mention that America’s “capacity to produce” was exported by his globalist and corporatist pals to slave gulags in China. This was no mistake. It has as much to do with slave labor in China as stripping the United States of it capacity to produce.

Volcker is a founding member of the Trilateral Commission. The original stated purpose of the Trilateral Commission was to create a “New International Economic Order,” an order that is all the rage now with world leaders as the global economy implodes. Volcker is also a member of the Council on Foreign Relations.

Glenn Beck and Bill O’Reilly do their part to help the banksters usher in economic serfdom.

The “New International Economic Order” is a plan to turn the world into a global debt slave plantation and reduce humanity to a groveling peonage that must pay fealty to the financial elite.

In the United States, the entire money supply is debt owed to private bankers. “Banks create the principal but not the interest necessary to pay back their loans, so more money is always owed back than was put into the money supply in the first place. More loans must therefore continually be taken out to cover the interest, spiraling the economy into increasing levels of debt and inflation, in a futile attempt to repay principal and interest on a debt that is actually impossible to repay,” writes Dr. Ellen Brown.

Brown notes that a system of “debt peonage” is inextricably linked to a banking system. It is a way to reduce once powerful and proud nations to third world status.

Americans are collateral against an unpayable federal debt and thus “economic slaves,” James Traficant noted in 1993. “We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another,” he said.

Volcker’s VAT is but another scheme to steal the remaining wealth of the nation and reduce a once productive populace to economic serfdom. Global taxes under a carbon scheme will be the final nail in the coffin of the once great United States.

Cranking up the national debt is not incidental. It is integral to the globalist plan to force every American — and their children and grand children — into economic serfdom.

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