Congress Banks and the IRS eBook Gilbert Vik
Download As PDF : Congress Banks and the IRS eBook Gilbert Vik 
The ongoing world wide financial crisis makes it imperative that the average person becomes more informed about some fundamental aspects of money that have somehow been left out of public education. The answers to some vital questions are found in this little book. For instance; who creates our nation's money? How is our money created? Why aren't the answers to these questions common knowledge? Do you suppose someone doesn't want us to know the answers? Do you think maybe someone doesn't even want us to ask the questions? I believe that is precisely it. Here is a description of one person's journey of discovery to find the missing links in our education. We will show that the debt money we have used as our economic base has a fatal flaw. It produces an ever increasing unpayable debt. The Federal Reserve banks are in control of this system which they base on government securities, putting the taxpayers in hock to both pay them (the Federal Reserve System) interest on the securities and redeem the securities when they come due. These payments are collected for them by the Internal Revenue Service (IRS) through the income tax. The simplest most elegant way to change monetary policy is for Congress to create our money as a credit that can be spent into circulation for legitimate government programs. The government would then be funded with no debt and therefore no interest charges. The Federal Reserve System and commercial banks will no longer be allowed to create our money. The income tax could and should disappear. The U. S. citizen taxpayer will have no reason to fear the IRS. The one thing that can lead the world safely through the banker created financial crisis is a United States dollar created by Congress that is not owed to anyone.
Congress Banks and the IRS eBook Gilbert Vik
Perhaps my knowledge of the US monetary system is freakishly deep, but this short book contained nothing new. Yes, the Federal Reserve creates money out of nothing. Yes, banks use fractional reserve banking. Yes, the IRS collects taxes. While these may be problems, Mr Vik does not explain how his solution, "credit money" Congress would spend into circulation, would work or fixes the problem, or stops a different set of people from creating money from nothing.The book is written in the first person, and is apparently designed to emphasize how hard finding this information was. It does not fully develop the information, but is rather an discourse about how bad the system is. Mr Vik is very passionate, but the work would benefit from more development and a thematic instead of a chronological arrangement.
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Congress Banks and the IRS eBook Gilbert Vik Reviews
'Congress, Banks and the IRS'
For those of us who read more than one subject there will be a lot of information that will accumulate and over time make sense or cause us to question seriously what is going on.
Gilbert shares his journey to understanding with the reader.
From the first book that challenged him to his on-going quest for knowledge he lays out the process of investigating and verifying.
Like Gilbert, I loaned out my "Aha" book and never saw it again.
With the help of the 'Net' we can all take what Gilbert learned and go on searching for answers & verifying the information we get.
If enough people follow the steps that the author took we can prevent, or we will repent the future results of this mess.
I had many a chuckle as I read Congress, Banks and the IRS. I experienced many of the same obstacles and frustrations Mr. Vik relates during my own research on why the U. S. economy and society are at such variance with the ideology of free market capitalism. One can spend eternity in the frustrations of ideological flim-flam and false dichotomies that literally fill libraries and one would not know the primary cause of social, political, and financial disorder at all levels of U. S. society.
Mr. Vik has the basics right. Banks create our money as their credit by making loans which is debt to rest of society. This is the starting place to correct the inequities and injustices of U. S. society. Paraphrasing William Jennings Bryan's "Cross of Gold Speech" in 1896, without monetary reform no other reforms are possible. No tax policy or social policy can compensate for the unfairness of a small, select group of people having such enormous power over the rest of the people. The people with such power determine the outcomes of society.
If you have been wondering how things got the way they are, you need to read this book. With this knowledge you will be better able to see through the smoke of economic and monetary propaganda that has such a strangle hold on the U. S. economic and political system.
Perhaps my knowledge of the US monetary system is freakishly deep, but this short book contained nothing new. Yes, the Federal Reserve creates money out of nothing. Yes, banks use fractional reserve banking. Yes, the IRS collects taxes. While these may be problems, Mr Vik does not explain how his solution, "credit money" Congress would spend into circulation, would work or fixes the problem, or stops a different set of people from creating money from nothing.
The book is written in the first person, and is apparently designed to emphasize how hard finding this information was. It does not fully develop the information, but is rather an discourse about how bad the system is. Mr Vik is very passionate, but the work would benefit from more development and a thematic instead of a chronological arrangement.
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