[Frank Costanza]

Originally Posted by spunkles182

Just picture him foaming at the mouth form time to time. That will explain it

[Jayhawkk]

I was picturing him licking the flavored windows on the bus to get me through it

[spunkles182]

Originally Posted by anabolicrhino

ok, I see you are still awake, good then there is still some hope!

Well then, i should really go back to my school, turn in my degree, tell them everything that taught me was wrong and get my money back.

Are you sure it makes no sense that a banker is not interested in profit? Actually, the direct opposite is true the Federal Reserve derives its profits from the government(tax payers)

After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.

http://www.federalreserve.gov/genera...faq/faqfrs.htm

They simple create debt then lend that debt to the US Treasury so they can print money and then the Treasury(taxpayers) has to pay back the debt with interest, this is the main cause of inflation.

Inflation is caused by the volume of the money supply. Increase the money supply = inflation. decrease the money supply = deflation. nation's money supply could be lowered by selling government securities, raising the amount of money that banks need to set aside for reserve requirements, raise interest rates, Importing more goods... there are probably others that i cant think of at the moment but all would help to lower, or keep low, the inflation rate. To increase the money supply, and inflation, buying back gov securities, lowering the reserve amonunt, lowering interest rate, exporting more goods,... etc etc blah blah blah...

ou are entitled to your opinion but the power to print money is a power specifically granted to congress by the US constitution.
When the congress prints money there is no interest due on its creation. There would be no "built in" inflation...and the world would be a better place!


sorry if i sound like a ****, but this couldnt be more wrong. again inflation is caused by an increase in the money supply. governments would and have printed off money to pay for their debts. i will have to look it up when i get home and then i could tell you the stories in countires which this has happened.

[anabolicrhino]

Originally Posted by spunkles182

Well then, i should really go back to my school, turn in my degree, tell them everything that taught me was wrong and get my money back.

Are you sure it makes no sense that a banker is not interested in profit? Actually, the direct opposite is true the Federal Reserve derives its profits from the government(tax payers)

After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.

http://www.federalreserve.gov/genera...faq/faqfrs.htm

They simple create debt then lend that debt to the US Treasury so they can print money and then the Treasury(taxpayers) has to pay back the debt with interest, this is the main cause of inflation.

Inflation is caused by the volume of the money supply. Increase the money supply = inflation. decrease the money supply = deflation. nation's money supply could be lowered by selling government securities, raising the amount of money that banks need to set aside for reserve requirements, raise interest rates, Importing more goods... there are probably others that i cant think of at the moment but all would help to lower, or keep low, the inflation rate. To increase the money supply, and inflation, buying back gov securities, lowering the reserve amonunt, lowering interest rate, exporting more goods,... etc etc blah blah blah...

ou are entitled to your opinion but the power to print money is a power specifically granted to congress by the US constitution.
When the congress prints money there is no interest due on its creation. There would be no "built in" inflation...and the world would be a better place!


sorry if i sound like a ****, but this couldnt be more wrong. again inflation is caused by an increase in the money supply. governments would and have printed off money to pay for their debts. i will have to look it up when i get home and then i could tell you the stories in countires which this has happened.

Please, just for a moment,you don't have to believe that there is anyone trying to take advantage of you.

..but if you would consider that the possibility exists? then would you also consider that they would not print the truth on their own website ?!!!

You are absolutely correct about the definition of inflation.

if you can take it to the next step for a moment, the Federal Reserve lends the treasury credit to print money, that credit is paid back with interest, that interest is the "extra money" that greatly increases the inflation of our money supply.

Thanks for you time!

[spunkles182]

Originally Posted by anabolicrhino

Please, just for a moment,you don't have to believe that there is anyone trying to take advantage of you.

..but if you would consider that the possibility exists? then would you also consider that they would not print the truth on their own website ?!!!

You are absolutely correct about the definition of inflation.

if you can take it to the next step for a moment, the Federal Reserve lends the treasury credit to print money, that credit is paid back with interest, that interest is the "extra money" that greatly increases the inflation of our money supply.

Thanks for you time!

true (although i think you meant governement securities) but regardless i agree. but that is just one variable in the inflation equation. I mean even with your example has gone down so just the interst paid on securites isnt a good indicator of inflation. i mean even our imports and exports have an effect on inflation. and inflation is not always a bad thing. In the short run higher inflation can cuase lower unemployment, and vice versa (phillips curve)

[Frank Costanza]

Originally Posted by anabolicrhino

Please, just for a moment,you don't have to believe that there is anyone trying to take advantage of you.

..but if you would consider that the possibility exists?

Reverse it. Think about it.

[anabolicrhino]

Originally Posted by Bobo

Reverse it. Think about it.

Think about this. The IRS loses another one!

[Thrall]

All of these arguments are good, on both sides, but I am just CURIOUS, as is Rhino I'm sure, as to why the IRS can actually LOSE a case when trying to "legally" claim its own rightful taxes. How does that happen? You can blame the judicial system I guess, but this has happened more than once or twice.

I think some of you reject the idea because you don't think it is patriotic and you don't like people who talk about things that seem that way to you. OR, you like to call out those who seem ridiculous for throwing out ideas. OR you genuinely have a good point.

I appreciate everyone commenting on my topic, even if you heavily, even disgustedly disagree with me.

[Frank Costanza]

Originally Posted by anabolicrhino

Think about this. The IRS loses another one!

Don't care. Still doesnt change a thing.

[Tiberius]

Originally Posted by Bobo

Don't care. Still doesnt change a thing.

I dunno, depends on if more people are able to use this. However all it will do is cause the PRA to be changed. Stealing your hard earned dollar is way more important to the government.

[Frank Costanza]

Originally Posted by Tiberius

I dunno, depends on if more people are able to use this. However all it will do is cause the PRA to be changed. Stealing your hard earned dollar is way more important to the government.

Yeah, they "steal" it.

[bigSMokey]

Originally Posted by Tiberius

I dunno, depends on if more people are able to use this. However all it will do is cause the PRA to be changed. Stealing your hard earned dollar is way more important to the government.

They don't steal it, they missplace it.

Or perhaps they fill in a blank for you, as in War on _____ (terror, drugs or whatever we'll believe).

[spunkles182]

Originally Posted by anabolicrhino

Think about this. The IRS loses another one!

Ok, im not an expert on this, i really have no idea im just going by what the article says, it states "Lawrence's sole defense was he was not required to file an IRS Form 1040 because it displays an invalid OMB control number." then it states " Any information collection form, such as IRS Form 1040, which lacks bona fide statutory authority or which conflicts with the Constitution, cannot be issued an OMB control number."

so if statement 2 was correct then there would be no control number but statement one contridicts this, it says there was a control number but it was invalid.

its flawed logic.

[Frank Costanza]

Originally Posted by bigSMokey

They don't steal it, they missplace it.

Or perhaps they fill in a blank for you, as in War on _____ (terror, drugs or whatever we'll believe).

You forgot War on traffic, health care, social security, etc..thats been tapping the pocket before any war and will do so after the fact.

[anabolicrhino]

Originally Posted by spunkles182

Ok, im not an expert on this, i really have no idea im just going by what the article says, it states "Lawrence's sole defense was he was not required to file an IRS Form 1040 because it displays an invalid OMB control number." then it states " Any information collection form, such as IRS Form 1040, which lacks bona fide statutory authority or which conflicts with the Constitution, cannot be issued an OMB control number."

so if statement 2 was correct then there would be no control number but statement one contridicts this, it says there was a control number but it was invalid.

its flawed logic.

Yes, that is exactly the point!!!

the OMB number displayed on the 1040 form is fraudulent!

If the IRS continued with their case they would have to enter the 1040 form as evidence. Once entered as evidence the 1040 form would be open to examination. When the defense sited the Paper Work Reduction Act, they forced the prosecution to show that the form in question was a valid US government document.

All valid US documents have to display a valid OMB number.

The 1040 form displays an OMB number, but it is invalidated by the premise that the form is in conflict with the US Constitution.

The IRS was aware that they could not establish the validity of the 1040 document.

The IRS was also aware that any cross examination would bring their invalid 1040 form unwanted exposure to the public.

so, they wisely dropped the case !

Better to lose one then to have the whole fraud exposed!