Transaction tax is part of the path to global governance

Is the proposed transaction tax related to the mark of the beast?

Bible prophecy describes a time when noone will be permitted to buy and sell without the ‘mark of the beast’.

Accepting the mark of the beast is a clear surrender to the world system and a clear rejection of the God of the bible and his requirements for righteous living.

While many have wondered what shape that will take? Will it be RFID chips under the skin for tracking financial transactions electronically? It could be.

Consider, Obamacare has a timeline in it for rolling out implantable chips for medical records.  

Buried deep within the over 1,000 pages of the massive US Health Care Bill (PDF) in a “non-discussed” section titled: Subtitle C-11 Sec. 2521— National Medical Device Registry, and which states its purpose as…….. He quotes that part of the law and then goes on to say: “In “real world speak”, according to this report, this new law, when fully implemented, provides the framework for making the United States the first Nation in the World to require each and every one of its citizens to have implanted in them a radio-frequency identification microchip for the purpose of controlling who is, or isn’t, allowed medical care in their country”. Ron Paul

The meta-narrative that the govt controlled media is feeding everyone says ‘Capitalism has failed‘ and ‘Nation State Sovereignty has failed‘ and with the collapse of the Euro they will claim that ‘Regional Governance has failed’ and so their solution to the problems they created with financial weapons of mass destruction in the derivatives market is of course = Global Governance.

Global governance will require not just income tax, but a transaction tax. The rhetoric is starting to heat up that too many of what would be legitimate taxable transactions are outside the ‘system’. So transactions outside of the system will be outlawed, using police state powers and citizen informers to enforce the ban. All legitimate transactions will need to go through the system which will be tracked using implantable chips and electronic currency. Watch for this rhetoric to shift and increase along with the promotion of global governance and transaction taxes.

On a personal strategy front, you may want to build your self-reliance skills and you will certainly want to contemplate where your line in the sand is for co-operating with an evil system.

This transaction tax will be used to implement a global tyrrany which will outlaw all that you hold precious.

Having Done All, STAND.

Durable

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Guest Post By EconMatters

A recent article at Foreign Policy noted that the $10 trillion global black market is now the world’s fastest growing economy, and that in 2009, the OECD concluded that half the world’s workers (almost 1.8 billion people) were employed in the shadow economy.

By 2020, the OECD predicts the shadow economy will employ two-thirds of the world’s workers. This new economy even has a name: ‘System D’.

According to an IMF economic study, black market, also called the shadow, underground, informal, or parallel economy, “includes not only illegal activities but also unreported income from the production of legal goods and services, either from monetary or barter transactions. Hence, the shadow economy comprises all economic activities that would generally be taxable were they reported to the tax authorities.”

The IMF study also outlined the the potentially serious consequences of worlds fastest growing economy:

• The growth of the shadow economy can set off a destructive cycle. Transactions in the shadow economy escape taxation, thus keeping tax revenues lower than they otherwise would be. If the tax base or tax compliance is eroded, governments may respond by raising tax rates—encouraging a further flight into the shadow economy that further worsens the budget constraints on the public sector. (On the other hand, at least two-thirds of the income earned in the shadow economy is immediately spent on the official economy, resulting in a considerable positive stimulus effect on the official economy.)
• A prospering shadow economy makes official statistics (on unemployment, official labor force, income, consumption) unreliable. Policies and programs that are framed on the basis of unreliable statistics may be inappropriate and self-defeating. 
• A growing shadow economy may provide strong incentives to attract domestic and foreign workers away from the official economy.

Based on an estimate by BusinessWeek, “[G]iven US GDP of $14.26 trillion, the world’s largest, that could still be as much as $1.2 trillion in taxable income that slips through Uncle Sam’s fingers each year.”

In fact, shadow economy is part of the contributory factors to the current Euro crisis in the context of reduced government tax revenue and driving up consumer price levels. The IMF study showed in the 21 OECD countries in 1999–2001, Greece and Italy had the largest shadow economies, at 30% and 27% of GDP, respectively. In the middle group were the Scandinavian countries, and at the lower end were the United States and Austria, at 10% of GDP, and Switzerland, at 9%.

More importantly, the rise of System D highlights the inadequacy of global governments policies, processes, red tapes, and bureaucracies.