The Great Reset – MAGA Style
We May Well Be on the Cusp – NOT of Obama's “Fundamentally Transforming the United States of America,” but of “Fundamentally Restoring” Her
President Trump has intimated that the entire federal income tax could be eliminated. To modern ears that idea can sound not just fanciful, but perhaps crazy – something like a politician saying that they could eliminate gravity. The old saw about the only certainties being death and taxes aside, is having a federal income tax something akin to an immutable law of nature? No.
Today, thanks to our civics-less and accurate-history-free public schools, few Americans know that the federal income tax is a relatively recent imposition upon our country. It is one of the first curses inflicted at the hand of Progressivism. Yes, by the ancestors of the folks who still call themselves “Progressive” today. (At least, when they’re not referring to themselves as “Democratic Socialists” or “Democrats.” Whatever their label du jour, in the end they’re all just allied branches of Collectivism.)
The Progressive strain of anti-Americanism arose in the 1800’s, and by 1912 managed to get one of its own elected President: Woodrow Wilson. Progressives then and now disdained the Constitution of the United States, considering it an outdated relic of an agrarian society.
Instead – in addition to eugenics to weed-out “inferiors,” e.g., Progressive Margaret Sanger and her Planned Parenthood – the Progressives envisioned a society ruled by an elite of experts (them), with a near-all-powerful federal government operated by Philip Dru-like “experts” dictating to Americans how their lives were to be lived.
Though embracing propaganda as a mechanism to manipulate Americans into not seeing what was intended to be executed against them, the Progressives realized that even with propaganda theirs was a long-term scheme; consummating their intentions was not to be quick, much less overnight coup d’etat against our Constitution and founding principles.
So, in the classic “boil the frog” manner, they began erecting their replacement government structure, one piece at a time – exploiting both circumstantial and intentionally created “crises” to accelerate that process, when possible.
Woodrow Wilson, toward those ends, brought us direct election of U.S. Senators (weakening the relative power of the states, and thereby accreting power to the federal government); the federal income tax and the Federal Reserve private banking cartel. It’s worth noting here that a progressive income tax and state (central) bank are two of the ten planks of 1848’s Communist Manifesto.
[Speaking of the Federal Reserve, an essential read for every American is G. Edward Griffin’s book The Creature from Jekyll Island. You don’t have to take my word for that – check out the reader reviews on Amazon.]
Again, using the “boiling frog” model, the federal income tax was initially sold as only targeting the very rich (has a sort-of “pay their fair share” ring to it, does it not)? As we all know, the water kept getting hotter, and today’s income federal income tax strikes deep into the pocketbooks of the middle-class.
Space does not permit a thorough recounting of where all the Progressives have brought us since Wilson; suffice it to say that after FDR’s “New Deal” and LBJ’s “Great Society” (etc.), today we have a leviathan federal bureaucracy – including the Deep State – that essentially operates as a government never authorized by our Constitution. One which routinely operates with only superficial fealty to the three Constitutional branches of government, i.e., the executive, legislative and judicial branches.
Further, we have the Federal Reserve private banking cartel, which as of 1971 has been the creator-from-thin-air / issuer of fiat currency “U.S. dollars.”
[For a good overview of this monetary scam the Progressives have inflicted on the American public, check out Episode 4 of Mike Maloney’s series “The Hidden Secrets of Money” – Bank Crisis & Inflation: The Biggest Scam In The History Of Mankind]
BEFORE there was ever a Federal Reserve or federal income tax, our nation grew from nothing, and prospered – with a gold-backed currency. After those Progressive operations were brought into existence, we have been subjected to not just a Great Depression, but innumerable banking crises and severe recessions. (Anyone else remember the dotcom bust and subprime crisis?) Oh, and loss-through-compounding-inflationary-erosion of over 90% of the dollar’s purchasing power since the creation of the Fed.
So, the media portrayals of a benign Federal Reserve working with noble heart to “manage” our economy is just, well, more fake news.
Meanwhile, economic history tells us that once a currency “goes fiat,” it’s only a matter of time before it self-immolates in an inflationary spiral, and dies. All of the major currencies today are “fiat.”
In recent years, Globalist interests – many in our own government, business and banking world, alongside entities such as the United Nations, World Economic Forum and Bank of International Settlements – presumably anticipating fiat currency collapse(s) across the globe, have been predictive programming the public.
Predictive programming with rationales intended to deflect blame from them, and the central banking system generally, when the collapse(s) occur – “climate change,” pandemics, cyber-attacks and such. But simultaneously, erecting mechanisms intended to exploit those crises so as to not only keep them in power on the other side, but increase it to totalitarian levels.
Hence Globalist slogans such as “THE GREAT RESET” and “BUILD BACK BETTER” and “BY 2030 YOU WILL OWN NOTHING, AND BE HAPPY.” (Elimination of private property being another of the ten planks of 1848’s Communist Manifesto.)
Given the level of federal debt – on and off the books – some sort of currency crisis (collapse) / debt repudiation is near-inevitable.
But what if, instead, we flip the tables, and have a GREAT RESET – MAGA STYLE, restoring our Constitutional Republic as-designed?
Could this be what President Trump has actually been alluding to???
There will be some sort of currency on the other side of a debt repudiation. Many, e.g., Ron Paul, have for years advocated a return to sound money, i.e., a gold standard / gold-backed (non-fiat) currency.
How about repudiating the current currency – “Federal Reserve Notes” (masquerading as “U.S. dollars”) – and go back to U.S. Treasury issued dollars backed by gold? Might we refer to these as “bona fide dollars?”
More on the subject of “bona fide” to come.
BUT, debt repudiation can be tragic for those who were the lenders – which in this case, includes millions of Americans who hold mutual funds in their IRA’s/ 401k’s that own U.S. Treasury bills / bonds / notes. Not to mention saving in banks and credit unions denominated in Federal Reserve Notes a/k/a “dollars.”
How might we “protect the innocent” while letting the bad guys get their “just deserts?”
In law there is a concept called “bona fide purchaser for value.” In essence, it means that if someone acquired property in (complete) good faith, they are entitled to retain it even if there was some defect in the ability of the seller to convey that property (i.e., the seller did not have “clear title” to it).
In other words, complete innocence can protect one from losing their own money due to omission or malfeasance on the part of the seller(s), i.e., we don’t make an innocent party an additional victim.
Now, let’s take that concept and apply it as a principle, and then apply that principle to a situation in which the U.S. Treasury repudiates some (or most) of its outstanding debt.
Average Americans who invested in retirement plans could be deemed to have been “bona fide” purchasers or holders, and the U.S. Treasury would remain obligated to repay them, in full.
Conversely, the following (as a few examples) might be deemed to not be “bona fide” purchasers or holders of Treasury debt, and left to their “just deserts”:
The Federal Reserve and its balance sheet (Why? See the Maloney video cited above, as well as ponder if the very existence of the Federal Reserve is unconstitutional and so subject to being declared void ab initio);
Several (though not necessarily all) multinational banks, Wall Street firms, hedge funds;
The People’s Republic of China (e.g., as “reparations” for releasing the “China virus” on us);
Several (though not necessarily all) foundations and NGO’s (e.g., The Gates Foundation; the Rockefeller Foundation);
Several (though not necessarily all) billionaires. (Why do names like Soros and Gates keep popping to mind?)
Alternatively (or in conjunction), perhaps an “FDIC-like” arrangement could be instituted. For example, holders of Treasury debt obligations would be “insured” for the Treasury continuing to honor, say, up to $1 million in face value. This would protect “Main Street” holders, but be “cents on the dollar” (or less) for big institutions or the non-bona fides.
A New, Gold-Backed Currency
Presumably, alongside repudiating a good portion of Treasury debt, and new sound-money dollar would be introduced – with some sort of conversion formula for “old” dollars to the new bona fide dollar.
This too could be on some sort of sliding-scale or brackets, so that Main Street holders would be left (at least relatively) untouched by the conversion, such as 100% conversion for dollar savings / Treasury holdings (etc.) up to $1 million; 50% for $1-2 million; 25% for 2-10 million and so on.
Alongside this, Congress could repeal the existing income tax statutes, leaving a blank-space pending excising the 16thAmendment from our Constitution) and, if not already accomplished, eliminate the Federal Reserve private banking cartel.
President Trump has already spoken of tariffs. Tariffs were one of the mechanisms used to fund the federal government before the imposition of the income tax.
IF we succeed in eliminating the Federal Reserve and federal income tax, we will knock out from under the Progressives’ administrative state the two primary “load bearing” pillars upon with it was erected. Thus, accomplishing essential – prerequisite – steps to restoring the federal government to the size and scope contemplated by the Founding Fathers and our Constitution. And with that, the widespread liberty, opportunity and prosperity intended by our Founding.
THAT would be a Great Reset – MAGA Style! DOGE on steroids!
Now, about that “direct election” of Senators thingy …
Postscript: Woodrow Wilson suffered a debilitating stroke while in office. Hidden from public view by a complicit media, his wife largely “took over” for him. This not dissimilar to what we’ve been experiencing with Joe and Jill Biden (e.g., she the “First Lady” unconstitutionally presiding over at least one cabinet meeting). Perhaps God at times signals things in “bookend-ish” ways – with Wilson marking the beginning of the Progressive distortion of our Constitutional Republic, and Joe Biden marking the beginning-of-the-end of that distortion. Pray so.