H.R. 2487 - - The IRS Money Grab from Foreign Banks

IRS Money Grab: The Jaws of Death

Many times when there is a severe car accident people become trapped inside their vehicles, and the Emergency Medical Team (EMT) comes with the “Jaws of Life” to free them from the wreckage. In direct contrast to the liberating Jaws of Life are the sinister strategies of the financial pedophiles that run our government. They have manufactured a horribly cruel instrument, the Jaws of Death. When people are dying financially, economically, and in every other way possible in the U.S. today, instead of trying to save the country from a far greater depression than the Great Depression, our evil leaders with their Jaws of Death are going for the jugular from every possible angle.

H.R.2487 lurking in the shadows of H.I.R.E.

Here is our government’s latest lunge for the throat. This information comes from the Panama Investor Blog, written by H.T. Jorgen. On March 18, 2010, Obama passed a $17.5 billon stimulus act, H.R. 2487 - the Hiring Incentives to Restore Employment Act, cleverly and ironically abbreviated H.I.R.E. However, hidden ever so subtly in the HIRE package, on page 27, is an insidious mandate known as Offset Provisions – Subtitle A - - Foreign Account Tax Compliance. This whole Tax Compliance Provision was scripted in the name of catching tax evaders, but in truth, it is nothing more than a blatant money grab and a set up for the preemptive final take.

Before I get into the essentials within the Provision, as a way to verify the information, about a week ago I received a call from one of my radio listeners. He stated that he has a friend in Panama who told him that they have already been implementing these measures from HR 2487 there. They are now in the process of closing all United States accounts that aren’t exempt. I will address the exemptions soon. Without going through the subsections of the Provision specifically, quoting from Jorgen’s Blog, the “Provision requires that foreign banks not only withhold 30% of all outgoing capital flows (likely remitting the collection promptly back to the US Treasury) but also disclose the full details of non-exempt account holders to the US and the IRS. And should this Provision be deemed illegal by a given foreign nation’s domestic laws (think Switzerland), well, the foreign financial institution is required to close the account. It’s the law.”

Cronyism anyone?

In simple terms, if a U.S. citizen is holding an account in any foreign bank, when he/she withdraws any money from that account the foreign bank takes a 30% tax off the top and ships the bundle to Timmy Geithner and his Gestapo Goons at the IRS. The Provision, however, doesn’t contain all bad news. There are two bright rays of sunlight in the exemption section. At the end of page three we find those luminescent rays highlighting two categories of exemptions which will not be subjected to the financial pain and humiliation of the grab. The first exemption is, “Any foreign bank of issue,” and the second exemption is “any other class of persons identified by the Secretary (Geithner) for purposes of this subsection as posing a low risk of tax evasion.”

Low risk of tax evasion? Hmmm. Who determines that status? Guess who? - - Timmy (who had to be prompted to pay his income taxes) and the good ol’ boys club. It’s called cronyism, the greedy elitists’ disease that is decimating the entire world. If you are not fortunate enough to fall into one of these two privileged classes, the foreign bank is mandated by this provision from H.R. 2487, to reveal your name, address, account numbers, PIN numbers, gross receipts, gross withdrawals, and the aggregate value of all your accounts to the Secretary and to the IRS, along with the 30% tax grab of course. From that point on you are all set - - - up.

Warning - - the final 50% take

Speaking of being set up, in my latest article “Greatest Heist,” I mentioned Lindsey Williams and his contact with one of the global elite. This man told Williams that in 2010 our government is planning to go into everyone’s bank accounts, IRAs, and all other investments and take 30% to 50% of whatever is there. This invasive 30% tax grab Provision in H.R. 2487 is just a shot-across-the-bow foreshadowing and preparation for the final money grab. Here is their strategy.

They are killing a few birds here. First, they are nabbing all the so-called tax evaders with the 30% tax heist from foreign bank accounts. Then they are closing down those US accounts and forcing people back into the U.S. financial system. Once people are back in the US with their money they have no choice but to invest it in whatever financial instruments that are available, like annuities or Treasuries. Once they have you here in our financial system your electronic money goes into the Fed owned DTCC money pool, you are then set up for the kill, like a bunch of sedated rats in a cage, prime stooges for the final 50% take. Again, according to Lindsey Williams, it’s going to happen this year in 2010 - - the 50% take.

It’s time to escape

As I have said many times, these Wall Street, global elite, government scumbags are demons in human bodies. If they were to come upon a car accident and find you trapped inside a burning vehicle screaming for help, they would take out their Jaws of Death, crush the vehicle with you inside it, laugh hysterically, and drive away. There aren’t even words for these reptiles. You need to take a hard look at what they have done, what theyare doing, and what they are planning to do to you. Get your money out of financial institutions as soon as possible and buy food, gold, silver, have a little cash cushion, and get on the side lines. It is survival time. Get out while you can.

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