Will the I.R.S. “Confiscate” Income Tax Returns

By JC Collins

internal revenue service

Just a quick thought on the possibility of the Internal Revenue Agency doing a sort of “bail-in” or “confiscation” of the income tax returns of Americans in the up coming tax season.

Treasury Secretary Jack Lew is warning that if Congress doesn’t approve an increase to the debt limit than the government will have difficulty paying its bills (same song and dance) but added this time that the treasury reserves will be quickly depleted as they issue income tax refunds.

Some commonalities of interest here are the fact that Jack Lew is not only pushing congress to increase the debt limit, but also requesting that congress pass legislation to support the International Monetary Funds 2010 Governance Reforms.  I’ve written of these reforms in a previous post.

It’s beginning to look like the I.M.F. and U.S. Treasury are working together on a debt consolidation package for America.

Referencing the I.M.F. press release of Jan 23, 2014, which I wrote about in the last post, it’s also clear that there is disappointment with certain I.M.F. members who have not yet accepted the 2010 Reforms, or as stated in the release, the “quota increases”.

What isn’t clear is exactly how the debt ceiling and the 2010 Reforms are connected.  Though I would doubt the coincidence of them both being negotiated at the same time.

Considering the level of sovereign debt and the I.M.F.’s involvement, is it too much of a stretch to imagine a restructuring of the U.S. debt through a process of consolidation and confiscation of not only pension funds, as is happening with MyRA, but also by allocating income tax returns to “invest” in treasury bonds.  After all, no one else will want them so why not force American’s to buy them with their pension funds and income tax returns.

Governments of the past have been proven to take drastic measures in dire times.  Of course the media will spin it as the American thing to do.  – JC

14 thoughts on “Will the I.R.S. “Confiscate” Income Tax Returns”

  1. “confiscating the tax returns” – you mean instead of sending them to England and the Vatican, as usual?

    Have you ever heard of NESARA – or Global Debt Forgiveness?

    When every single rate in the World has been RIGGED and is FRAUDULENT – what other logical conclusion is there???

    The 2010 IMF Accords allocate a good percentage (a controlling %) out of the hands the UNITED STATES – and shared more equally with the BRICS nations.
    Something, that the criminals in Congress don’t want to happen – they have not signed, and are HOLDING UP the GCR because of it.

    The “debt ceiling” is in play now because the WHOLE WORLD is tired of waiting for relief and the IMF is going to use this as leverage.

    1. Or – He could be referring to an attempt to NOT return taxes paid in excess – or REFUNDS OWED taxpayers that they claim every year. It could be referred as “income tax returns” but “REFUNDS” is more correct. That would not be the Vatican/Queen’s taxes that they remunerate. I doubt they would keep that.

      1. Good point, you may very well be right. But the way things look – its all going to be a non-issue. The IRS is being dismantled, even as we speak!

  2. The IRS is owned by the IMF and is not a federal agency.
    Who Owns You?

    1. The IRS is not a U.S. Government Agency. It is an Agency of the IMF. (Diversified Metal Products v. IRS et al. CV-93-405E-EJE U.S.D.C.D.I., Public Law 94-564, Senate Report 94-1148 pg. 5967, Reorganization Plan No. 26, Public Law 102-391.)

    2. The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. Pg. 816)

    3. The U.S. Has not had a Treasury since 1921. (41 Stat. Ch.214 pg. 654)

    4. The U.S. Treasury is now the IMF. (Presidential Documents Volume 29-No.4 pg.113, 22 U.S.C. 285-288)

    See 40 great points: http://www.sweetliberty.org/issues/hoax/whoownsu.html

    1. Dear “Blog” Author:
      Please allow me this simple latitude of “going with the odds.” Your having mentioned a soon-future wife, I will take the liberty of referring to you as “Mr. Collins.”

      Having said that,

      Mr. Collins, you are assembling the single most succinct and insightful commentary and prospective elucidation of monetary-system shenanigans that I have encountered. (And I’ve read A LOT on monetary-system shenanigans over the past few years, just ask the NSA [or my long-since-been wife].)

      I’m still not quite seeing your perspective of debt consolidation and the shift from micro to macro. Please forgive me if I seem a little slow, but the macro “who owes whom” (thinking Fulford’s [and your] bond revelations, Hudes’ Hawaiian [Yamashita?] gold), and how it’s all being resolved, is still not coming into focus for me.

      So, please keep it coming, and you have my sincere gratitude for your work.

  3. I see your post on the side about the 1913 chinese bonds- the ones that were defaulted on- are those bond holders ever going to get paid? great britain was paid for theirs in 1986?

    1. Up right in a chair. And my understanding is that a deal is in the works but keeps getting delayed by America. Its the same issue as the IMF 2010 Reforms. There’s a pattern emerging.

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