HR3221 wiill allow IRS access to all credit card transactions

by Gary Shumway
Your House of Non-Representatives just voted to base our currency on near worthless FannieMae and FreddieMac mortgages. The vote was 272-152-11 with 227 Democrats and 45 Republicans voting ‘Aye’. The vote was on HR 3221 the ‘Foreclosure Prevention Act of 2008′. The Federal Reserve can now print as much money as it wants to cover the bad loans. Why would a sane individual, let alone someone elected to preserve and protect the Constitution, vote to have our currency based on worthless and near worthless mortgages? We went off the gold standard in 1934 and now we are on the worthless paper standard.

Here is what the President and CEO of FannieMae, Daniel H. Mudd, had to say on the legislation:

The landmark housing legislation passed by the House today creates a strong regulator for the GSEs. Combined with the temporary ability of the U.S. Treasury, by mutual agreement, to invest in GSE securities, the legislation should reinforce confidence that the GSEs will be able to serve the housing finance system now and in the future. We look forward to Senate action on the legislation and President Bush’s signature. We also look forward to working with the newly created Federal Housing Finance Agency to implement the legislation in a manner that both ensures the GSEs’ safety and soundness and allows them to continue to attract the private capital that is the basis of the U.S. housing market.

That’s not enough? How about buried in the bill is increasing the nation debt by 800 billion dollars?! Obviously they are planning on cheapening the dollar even more and ‘investing’ huge sums of money into failed housing. Soon the government will own a good share of the housing in the United States. How does that sit with you?

Now enough yet? How about all mortgage brokers will be required to be fingerprinted. As is commonly known, “When they came for the pot smokers, I wasn’t a pot smoker so I didn’t say anything. When they came for the cigarette smokers, I didn’t smoke so I didn’t say anything. Now that they’ve come for me, there is no one left to say anything.” If you will but look at most, if not essentially, all government mandates/programs, they always expand. Fingerprinting the mortgage brokers is not going to solve the problem nor stop it. It is government using scare tactics to control we citizens.

But now for the pièce de résistance. How about, included in that same piece of egregious legislation, is the provision for the IRS to receive notice of all of your credit card transactions? Yes, even though the IRS was previously blocked via the courts from receiving this information they will now have access to it via this legislation. Now Ron Paul said all credit card transactions but I read from other sites, yes, we were warned months ago, that reportable transactions include any payment card transaction and any third party network transaction. Regardless, once again, the IRS gets their nose in the tent on this one and they will be wanting all financial transactions. Do we live in Nazi Germany or Stalin’s Soviet Union? Good Lord!

You must contact your Senators and get this legislation stopped or friends, we are truly screwed.