Economic events are already starting to snowball into an unavoidable decline

 

By Patrick Vermeister
11 July 2016

When Britons elected to leave the European Union on June 23, many who were in favor of remaining in the EU predicted a decline in the global economy. And yes, there was an immediate bearish reaction, as there is any time uncertainty suddenly hits.

Even though the markets have largely recovered from that shock, the politicians and bankers will nonetheless use it to blame any coming financial troubles.

What the Powers That Be purposely ignore is all the systemic risk and toxic assets that have existed for years and a steady decline that was long predicted by those in the know.

The global banking struggles at Deutsche Bank, as well as a group of top Italian banks, will undoubtedly bring about long-term market bearishness, so much to make the Brexit seem like a Sunday picnic. The advent of globalism and inter-connectivity means that even the smallest tremor could spark a grand financial tsunami around the world.

Deutsche Bank has been characterized by economist Dr. Jim Willie as “five times worse than Lehman Brothers (the collapse in 2008).” The International Monetary Fund recently referred to Deutsche Bank as “the most important net contributor to systemic risks” among globally significant banks. D-Bank also flunked a recent stress test for the second year in a row.

So, as politicians and central bankers will likely blame We The People, savvy investors will know the truth that global monetary problems are systemic.

Although the exact timing of Deutsche Bank’s collapse isn’t clear, we do know other facts that paint a clear picture as to the direction of the global economy in the near term and beyond.

Beginning July 1, the oldest of the U.S. Baby Boomers turned 70.5 years of age, meaning they are required to begin drawing on their tax-deferred retirement plans: IRAs, 401Ks and mutual funds. As a consequence, there will be a slow-drip market selloff of the $14-15 trillion in non-pension, non-Roth IRA assets held in Wall Street stocks, bonds and the like.

As another consequence, those benefitting from that selloff will have to start reporting the income to the Internal Revenue Service, that is, IF they remain U.S. taxpayers.

“Retirees who have taken advantage of tax-deferred retirement products need to seriously consider the Revocation of Election process offered by our firm,” said Adele Weiss, principal at Weiss+Associates, a European-based tax consultancy firm specializing in the U.S. Federal Income Tax. “Many could have started receiving payments on these products at age 59.5 but felt they were forced to continue working. Now, those accounts have built up over time, and these folks will have to continue paying Uncle Sam if they choose to remain U.S. Taxpayers.”

The Revocation of Election is a process created by the U.S. Congress for those who have voluntarily joined the U.S. Tax Club to leave it. It’s a process that was required to make the taxing of sovereign Americans legal.

Basically, since the 13th Amendment to the Constitution forbid slavery or involuntary indentured servitude, the slick lawyers in Congress, along with President William H. Taft (another lawyer), devised a clever scheme. The Federal Income Tax was (and still is) mandatory to those born in the District of Columbia and non-state territories like Puerto Rico and Guam.

The slick part was adding provisions so that sovereign Americans, those born in one of the now 50 states of the Union, could “elect” to join the tax system and choose to have their income taxed like that of a U.S. Resident Alien, foreigners from other countries who MUST pay the tax as a privilege for working in the United States.

However, in order to make it all legal and not violate the 13th Amendment, the U.S. Congress had to provide an exit door for those who volunteered in, to exit at their choosing. That exit door wasn’t made easily visible, as it was buried in a seemingly unrelated part of the some 10,000 pages of the Internal Revenue Code.

This is the basis behind the Revocation of Election process, perfected by Weiss, who has studied the intricacies of the Federal Income Tax for nearly 25 years to discover their well-hidden deception perpetuated against Americans who worked in the private sector.

“This sleight of hand makes the Federal Income Tax, at the exact same time, both voluntary and mandatory,” he added. “Once you’re a member of the club, your renewal dues are automatically renewed and mandatory - unless you know how to quit the club.”

Weiss has a YouTube video that goes into greater detail regarding the Revocation of Election process.

Also, Weiss’ firm helps affluent clients with workable solutions to Asset Protection, including how to get your money out of the U.S. banking system both legally and wisely.

“There are so many options these days that allow, not just Americans, but anyone in the world to unplug from the government control grid and banking system,” Weiss expounded. “There is BitGold and Bitcoin, and we also offer help and tips on how to obtain a second citizenship, create an international corporation and bank offshore privately.”

More information on the Revocation of Election process can be found here and more offerings in Weiss’ Platinum package can be obtained by directing your browser here. Email questions to bilateral@gmx.com.

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