If you thought your taxes went towards funding important government services, you are dead wrong! A new understanding of the US Federal Reserve Bank reveals the very nasty purposes of taxation; which is to further enhance the wealth and power of the banking fraternity. With this insight, increased poverty, social and economic polarization, destruction of environment, and rapidly increasing debt are seen to be unavoidable and inevitable under the present tax/banking system. We desperately need a change!

The "Fed" picks up dollar bonds from the US govt., allowing them (the Fed) to issue new debt (money) to treasury. In other words, the US Government, instead of issuing new money on its own account, borrows most of its requirements for new money at interest from the "Fed". Another source of govt. funding is in money market bonds or certificates purchased by private interests. It is the interest on all this artificially manufactured debt that justifies more and larger tax revenues. Taxes simply go to pay some of the interest on this ever-growing national debt!

In other words, not only do taxes remove huge liquidity from the private sector-artificially raising interest rates-but when private surplus is invested in US Govt. securities, it is no longer available to the private sector at low interest.

Our Govt. is totally dependent upon, and subservient to, the banking system; and so are most of the private citizenry.

Aside from our obvious loss of financial independence and opportunity, there is an even more frightening aspect to the present tax/banking system. As tax destroys the incentive to earn, save, and invest, and govt. continues to fund itself in an unsustainable way, more and more of our environmental resources are consumed each passing day, month, and year.

The civilization trembles in the face of an approaching environmental apocalypse not because of carbon emissions, greenhouse gases, or population growth; but because of taxation. The present tax system destroys the incentives for, and the results of, all our own efforts at positive creativity.

To find out more about how taxes are linked to banking debt, social chaos, and environmental destruction, go to www.truthaboutax.com and/or read "The Zen of No Tax".

About the Author:

Ex pat American Carl Peterson has gathered experience in the most unlikely of places. Two years in a British Columbian "religious" commune in the early 70's introduced Peterson to his present personal spirituality based upon meditation, acceptance, and action. He then spent 13 years on his remote 500 acre Fiji jungle plantation until rudely interrupted by the Fiji military coup of 1987. Speaking out against the apartheid regime that followed cost Carl several stints in jail, and finally a kidnapping and brutal assault by armed Fijian soldiers. Peterson migrated to New Zealand as a refugee, quickly invented the Peterson Portable Sawmill, and founded a company manufacturing the original product. The Peterson mill is held in high esteem within the industry. In New Zealand, Peterson has taken on the Court system there, recently being heard in a landmark patent case in the New Zealand Supreme Court.

A man for all seasons, he brings an open, articulate and enquiring mind to whatever venture he undertakes, often going where no man has gone before. Info. at http://www.truthaboutax.com