The Grace Commission Report – Revealed IRS Front For Banking Dynasties


"100% of what is collected is absorbed solely by interest on the Federal Debt 
... all individual income tax revenues are gone before one nickel is spent on the 
services taxpayers expect from government." 

-Grace Commission report submitted to President Ronald Reagan - January 15, 1984 



Ronald Reagan was promptly shot after he dared to criticize the Fed, on the same day 
that the Pope was shot. After recovering, he changed his mind and praised the Fed. About 
seven US Presidents have been assassinated for not cooperating with the Transatlantic 
Banking Dynasties (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, 
Garfield, McKinley and John F. Kennedy 1963; 7 if FDR's poisoning is counted). 

Most of us feel sick when we realize that "Not one dime of IRS money goes to the US 
Gov't", according to Reagan's Grace Commission: it all goes to pay interest on a bogus 
debt to the Private Federal Reserve (FED), just to allow paper money to circulate as 
"Federal Reserve Notes". The Federal Reserve is a private Corporation eventually owned 
by the Rockefellers and Rothschilds Dynasties through intermediary agents, designed to 
suck the capital dry from the U.S., as the Rothschilds do in Europe. Read Billions for 
the http://www.deepinfo.com/email/Billions4B ankers .htm Bankers, Debts for the People 
More Links at DeepInfo.com on Jekyll Island http ://w w w . deepinf o . com/more/j ekyll . htm . 

The final report of the 1984 Grace Commission, convened under President Ronald Reagan, 
quietly admitted that none of the funds they collect from federal income taxes goes to 
pay for any federal government services. The Grace Commission found that those funds 
were being used to pay for interest on the federal debt, and income transfer payments to 
beneficiaries of entitlement programs like federal pension plans. 

These comments were presented at the Close of the Citizens' Truth-In-Taxation 
Hearing.Washington D.C., February 27-28, 2002: IRS is a Trust 
http ://w w w . supremelaw .org/sls/3 1 answers .htm Headquartered in Puerto Rico Not a 
Federal Agency The IRS is technically not an "agency" of the federal government, as that 
term is defined in the Freedom of http://www.law.cornell.edU/uscode/5/552.html 
Information Act and in the Administrative http://www.law.cornell.edu/uscode/5/55 1 .html 
Procedures Act. The governments of the federal territories are expressly excluded from 



the definition of "agency" in those Acts of Congress. See 5 U.S.C. 551 
http://www.law.cornell.edu/uscode/5/55 1 .html (1)(C). All evidence indicates that they 
are a money laundry, extortion racket, and conspiracy to engage in a pattern of 
racketeering activity, in violation of 18 U.S.C. 1951 
http://www.law.cornell.edu/uscode/18/1951.html and 1961 

http://www.law.cornell.edu/uscode/18/1961.html et seq. They appear to be laundering 
huge sums of money into foreign banks, mostly in Europe, and quite possibly into the 
Vatican. See the national policy on money laundering at 3 1 

http://www.law.cornell.edu/uscode/31/5341.html U.S.C. 5341 . Do federal income tax 
revenues pay for any government services and, if so, which government services are 
funded by federal income taxes? Answer: No. The money trail is very difficult to follow, 
in this instance, because the IRS is technically a trust with a domicile in Puerto 
http://www.supremelaw.org/authors/cooper/cooper.htm Rico. See 31 
http://www.law.cornell.edu/uscode/31/1321.html U.S.C. 1321(a)(62). As such, their 
records are protected by laws which guarantee the privacy of trust records within that 
territorial jurisdiction, provided that the trust is not also violating the Sherman 
Antitrust http://www.law.cornell.edU/uscode/15/l.html Act. 

"Like it or not, you are a slave. You admit you are a slave every April 15th! That's 
when you sign forms that "voluntarily" lay bare to the government [actually the corporate 
collection agency called the "IRS"] the most private details of your life! And few people realize 
the income tax is a slave tax. It can never be compatible with the life of a free people". 

ALAN KEYES - Republican Nominee for President 
- unfortunately, the only Republican willing to speak out along with Ron Paul. 



Visit here... Interest On The Debt! http://www.geocities.com/cmcofer/interest.html 
...and gulp! 

Sit down when you view it. People have fainted when they see the size of the Debt Hole 
we're now in! 

The "President's Private Sector Survey on Cost Control", commonly referred to as the 
1984 Reagan "Grace Commission Report" reveals that 100% of the "income tax" collected 
is applied against the interest of the national debt. The government operates on a deficit 
that is created from nothing by the Privately Owned Fed (owned by the same folks who own 
the major commercial banks) at interest, i.e. what could be created debt free and usury 
free by the Treasury has been usurped by the Banking Dynasties who have been ruling the 
World since ancient times. Taxes are a way of controlling, or manipulating the economy. 
They also give people a faith in the funny money — makes it 'near and dear' to them. 
Balanced budgets and budget surpluses are a smoke and mirror trick. They sound really 
good, play well for the people, but are nothing more than pandering. I'm not going into 
it, period, but if any should care to make the study, you will be at first incredulous, 
then angered by the depths of deception under which the people of this country labor. 

Even the inventor of the electric light, Thomas Edison, joined the fray in criticizing 



the system of the Federal Reserve: "If our nation can issue a dollar bond, it can issue 
a dollar bill. The element that makes the bond good, makes the bill good, also... It is 
absurd to say that our country can issue $30 million in bonds and not $30 million in 
currency. Both are promises to pay, but one promise fattens the usurers and the other 
helps the people." 

In President Lincoln's words (he was assassinated by the Banksters' agent) ""The 
Government should create, issue, and circulate all the currency and credits needed to 
satisfy the spending power of the Government and the buying power of consumers. By the 
adoption of these principles, the taxpayers will be saved immense sums of interest." 

"In a recent conversation with an official at the Internal Revenue Service, I was amazed 
when he told me that 'If the taxpayers of this country ever discover that the IRS 
operates on 90% bluff the entire system will collapse'". 

-Henry Bellmon, Senator (1969) 



"Our federal tax system is, in short, utterly impossible, utterly unjust and completely 
counterproductive [it] reeks with injustice and is fundamentally un-American... it has 
earned a rebellion and it's time we rebelled". 

-President Ronald Reagan, May 1983,Williamsburg, VA 



'Our Income Tax system is a disgrace to the human race." 

-Jimmy Carter, said in 1976 by the then President-to-be 



"Eight decades of amendments... to [the] code have produced a virtually impenetrable 
maze... The rules are unintelligible to most citizens... The rules are equally 
mysterious to many government employees who are charged with administering and enforcing 
the law". 

-Shirley Peterson, Former IRS Commissioner, April 14, 1993 at Southern Methodist University 



"The wages of the average American worker, after inflation and taxes, have decreased 17% 
since 1973, the only Western industrial nation to so suffer". 

-Martin Gross, author of "The Tax Racket: Government Extortion From A to Z" 



1 . What is money? 
http://www.evolutionaryiustice.com/images/NSP Booklet.pdf 

... the creation of the Fractional (Federal) Reserve Banking system, the ... Grace 
Commission report submitted to. President Ronald Reagan on January 15, 1984 " ... 

2. Ronald Reagan - State of the Union 1985 



http://reagan2020.us/speeches/state of the union 1985.asp 

3. Ronald Reagan's Fourth Stateof the Union Speech - Wikisource 

We're moving ahead with Grace commission reforms to eliminate and iA We'remprove ... 
continue to cooperate with the Federal Reserve Board, seeking a steady policy ... 

http://en.wikisource.org/wiki/Ronald Reagan's Fourth State of the Union Speech - 38k 
Cached 

9. Federal Reserve is a private corporation. The Department of the Treasury, which is on 
the Internal Revenue ... Ronald Reagan, in a report to the Grace Commission in ... 

www.freedomfiles.org/tax/biglies.htm - 7k- 

They Told The Truth! ...About The Internal Revenue Service 



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