phishna
24-02-2010, 04:29 PM
Why did the Treasury Secretary, Timothy Geithner, go to Austin Texas yesterday for a staged photo op and praise the IRS workers at the Joe Stack plane crash site?
Because the modern state is totally dependent on bond sales and IRS income taxes that support it. The US military empire's Achille's Heel is tax receipts.
If someone took out a major IRS facility, bond buyers might get spooked, they might see that as a sign of major weakness and withdraw from future buying or sell their Treasury bonds.
Currently the former big purchaser, China, is a net seller of Treasuries. Tax receipts are collapsing as unemployment climbs and the Deflationary Depression gathers steam.
The US empire is vulnerable at this point, any loss in confidence might cascade out of control, thus Timothy Geithner leaves Washington and gives a speech to the IRS workers in Austin Texas.
Because the modern state is totally dependent on bond sales and IRS income taxes that support it. The US military empire's Achille's Heel is tax receipts.
If someone took out a major IRS facility, bond buyers might get spooked, they might see that as a sign of major weakness and withdraw from future buying or sell their Treasury bonds.
Currently the former big purchaser, China, is a net seller of Treasuries. Tax receipts are collapsing as unemployment climbs and the Deflationary Depression gathers steam.
The US empire is vulnerable at this point, any loss in confidence might cascade out of control, thus Timothy Geithner leaves Washington and gives a speech to the IRS workers in Austin Texas.