The Alex Jones Show Hour 1: The Government Tax Takeover 2/4

IMFs Global Taxes Can Only Be Enforced Through Global Government Steve Watson Thursday, April 22nd, 2010 As you will have no doubt read in the headlines today, the IMF has proposed levying two global taxes on the worlds banks to make sure those greedy guys dont get us into trouble again. If that sounds dubious, its because it is. In reality what is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments. In our featured article today we explain how the IMFs so called global Financial Activities (FAT) tax on banks is nothing more than a bailout slush fund that would inevitably trickle down to the consumer, and also be levied upon all financial institutions (not just the big ones that commit massive fraud on a daily basis). This will not prevent globalist bankers from over reaching, it will in fact provide the incentive for more moral hazard by providing built in insurance against risky actions. Such taxes will drastically reduce the profits of all banks and financial institutions, ensuring only the biggest can continue to thrive. Global competition could be killed off completely, signaling the final nail in the coffin of the free market.