American tax officials

Chapter 373 Federal Reserve Interest Rate Hike

Church was riding high at this time.

Looking at the reporters crowding around him, practically begging him to get information out of him, he felt extremely pleased.

Hmph, I begged you to do an interview just now, but you wouldn't. Now it's your turn to beg me, isn't it?

"Associate Church, many viewers are asking whether you collaborated with the IRS to introduce this bill on their behalf?"

The person asking the questions was a reporter from the Huffington Post.

During this period, the IRS has reaped considerable profits from capitalists. It is obvious to anyone with discerning eyes that this is why capitalists orchestrated the hearings and investigations into the tax evasion bill, and even resorted to assassination.

Immediately after this assassination, a tax avoidance law for foreign jurisdictions was introduced. Who would believe that the IRS wasn't behind it?

"As a member of Congress, and with the IRS being the national tax agency, what cooperation do I have?"

"I personally believe that this bill is beneficial to the economic development of the United States and to the people, which is why I personally stepped forward to initiate it!"

As Church said, one is a member of Congress and the other is a tax agency, so they certainly can't announce their cooperation in public.

As a member of Congress, he must take this bill on his shoulders in order to demonstrate his duties and responsibilities as a member of Congress.

"Haha, that congressman is right, I like it!"

"That's right, this bill will greatly benefit the economic development of our United States. Let's draft it formally and then vote it through!"

"..."

Although the public knows Church is lying through his teeth, they don't care. As the saying goes, the IRS fleecing capitalists has nothing to do with them; they are the ones who benefit!

"Okay, Congressman Church, as far as I know, you have been a member of Parliament for many years without any precedent for drafting a bill. So, will you be drafting this bill?"

"Of course, as the initiator of this bill, I was naturally responsible for drafting it!"

"Congressman Nachrich, this bill will affect the interests of tens of thousands of capitalists, and its passage will face numerous difficulties. Are you confident that it will pass?"

Hearing this, Church smiled and replied, "Yes, this bill will affect the interests of tens of thousands of capitalists, but it will benefit hundreds of millions of people. I have hundreds of millions of people standing behind me. How could I not have confidence?"

"Congressman Church is right, we must support him!"

"Support Congressman Church!"

"support……"

Church's words instantly resonated with countless viewers.

"Okay, Representative Church, we'll keep a close eye on this bill and look forward to the final draft!"

"Your supervision is welcome!"

The bill had been released and momentum had been built. Church was now preparing to begin drafting it, so he didn't linger and quickly left.

"Damn it!"

Because the bill was so groundbreaking, Church was surrounded by reporters, which prevented Saroyan, who wanted to come and deflate their spirits, from squeezing in for a long time.

Seeing that Church had finished speaking and left, he could only curse angrily.

Following the congressional interview, the buzz surrounding this off-site tax avoidance bill has continued to rise.

After all, this concerns the interests of hundreds of millions of people in America, and everyone hopes for a good outcome.

Of course, this bill has also sparked considerable debate in countries around the world, in addition to the United States.

But one thing is very common: many people also have strong support for this bill.

The reason is quite simple.

Capitalists have always been the object of resentment by ordinary people, so they are naturally happy to see these people get messed up.

……

"The most urgent task is to reassess our seats in Congress and ensure that the seats we hold are not swayed by that damned bastard David, like the legal teams we had at the previous hearings!"

"Furthermore, for those lawmakers who are still neutral or undecided, we can increase our resources to lobby them. If that doesn't work, we can start by targeting their states of support, offering them some benefits to their voters, thereby coercing those lawmakers!"

"As long as we can retain our seats in Congress, we're not afraid no matter how much he campaigns for this bill!"

Within hours of the bill being announced, a large number of Freemasons were summoned to Senado Island.

The solution proposed at this time came from Prescott, the head of the Rockefeller family.

"Increasing lobbying efforts against swing voters is easy, but lobbying voters will cost a lot of money..."

It's easy to throw money and resources at those swing voters, but each state has tens of millions of voters. How much money would be needed to throw at them?

That's an astronomical figure!

This amount is enough to make most Freemasons feel the pinch.

"Rest assured, during this period, your various financial groups and families have contributed a considerable amount of money and effort to fight against the IRS. I will establish an 'Anti-IRS Fund' with this funding, jointly injected by the Rothschild family and the seven other major families!"

This time, it was Henrietta who spoke up.

As the head of the group, he was well aware that no matter how close the Freemasons were as a group, they were still driven by self-interest.

If there are no benefits, who would still follow you and take your orders?

Therefore, they should pay this money, both morally and logically.

Sure enough, many Freemasons present were overjoyed to hear that the funds would not have to be shared by their various family groups.

But while some are happy, others are sad.

The seven major families were naturally the ones who were worried.

Despite the fact that their family has made a fortune over the years thanks to the Federal Reserve and various industries, they still manage to do so.

But nobody's money comes from thin air.

David has clearly traveled all over the United States and coerced quite a few members of Congress, and if they want to persuade these people, the price they will have to pay will certainly not be small.

So they were naturally unhappy about having to share this cost with the entire group.

"Mr. Henrietta, this bill not only harms us, but also the Ansar Group and the Illuminati. Shouldn't we have a talk with them?"

Joshua's underlying message was that even if this money is to be paid, it shouldn't be just us paying for it!

"That's natural. Alright, you guys go ahead. This damn bill concerns the deep interests of our Freemason group, so you must go all out and can't slack off any longer. Joshua, Prescott... you guys stay here!"

Soon, most of the Freemasons left, leaving only Henrietta and the members of the seven major families present.

"I know you're all uncomfortable sharing this cost, because even if the tax haven law is passed, it won't necessarily lead to bankruptcy for you, backed by the Federal Reserve. But remember this: we can't back down any further!"

"If the IRS actually passes this bill and reaps the benefits of their wealth, how do you know they won't pass another bill to do the same to the Federal Reserve?"

Although everyone had already guessed this, many people still couldn't help but tremble when they heard Henrietta say it so bluntly.

But not long after, a representative of the Warburg family said, "Mr. Henrietta, even if they're arrogant, they wouldn't dare to pass legislation targeting the Federal Reserve, would they?"

Although the Federal Reserve does not have the same extensive law enforcement powers as the IRS or the FBI, it is a financial institution that can influence the global economic lifeline.

If they dare to pass legislation to target this institution, it will cause huge fluctuations not only in the United States, but also in stock and financial markets around the world.

Taking all these factors into account, that's why he raised such a question.

"Heh, before this, did you ever think he would dare to pass such a bill? And given David's bastardly personality, is there anything he wouldn't do now?"

Upon hearing this, the head of the Warburg family was speechless.

Yes, none of them expected that David would introduce such a bill as retaliation against them.

Now that this bill has been introduced, if it succeeds, David's prestige will rise to even greater heights.

Given time, announcing legislation against the Federal Reserve would seem like a natural progression.

"Mr. Henrietta, the consequences of not eliminating this bastard last time were too great. Do you think there's any way we can still...?"

The head of the Zade family made a throat-slitting gesture.

While the other major families did not immediately express their support, several of them showed signs of contemplation, pondering the possibility of this method.

Although this bill is very damaging to them, as long as the Federal Reserve is still in their hands, their foundation remains intact.

But if this organization were to suffer any mishap, their Freemason group would likely collapse.

Therefore, they naturally cannot tolerate any mishaps in this institution.

"Heh, since we failed last time, both the IRS and David are on high alert. Moreover, the CIA is said to have fallen into that bastard's control, and since Madhu Aikai was forced to resign, no one in the FBI has dared to offend him."

"With these two departments in control, plus the channels of their own tax authorities, they might get hold of our plans as soon as we formulate them, and then all our efforts will be in vain!"

Prescott's words dispelled the idea of ​​the others present.

Yes, they failed to assassinate him despite their meticulous preparations last time. Now that David is on guard and has the FBI and CIA protecting him, the chances of them succeeding are extremely slim.

"They're using legal means to play against us now, so we'll use legal means to play against them. It just means we'll have to spend a little more money, so I don't think it matters much..."

Now that things have come to this, Prescott has taken it all in stride. It's just a matter of spending some money; they've already made enough money over the years, so there's nothing to regret.

"Alright, then our Mogen family is willing to cover this cost!"

"Our Rockefeller family is also willing to contribute!"

"us……"

"..."

Having figured out the gains and losses, the seven major families could only express their willingness to contribute money.

This pleased Henrietta greatly, and he said, "Don't worry, this money won't just be wasted!"

"What do you mean, Mr. Henrietta?"

"According to the government's fiscal report, our inflation rate has now reached 9.1% year-on-year, it's time to raise interest rates!"

"Raise interest rates!"

Upon hearing this, the eyes of everyone from the various families present lit up.

The words "Federal Reserve raises interest rates" may not seem like much to the average person, but when they come to the stock market and financial markets, they become explosive news.

Why?

Because the Federal Reserve controls the world's economic lifeline, every time it raises interest rates, it's like fleecing the whole world.

So how exactly is the incision performed?

To put it simply, when the US dollar rises to a high point, it pushes other countries' currencies down to a low level. At this point, you can sell US dollars on Wall Street and then buy other countries' currencies.

Alternatively, one could buy high-quality domestic assets denominated in other countries' currencies, thus completing a round of profiteering.

If this is combined with buying up assets at rock-bottom prices with the US dollar, causing other countries' financial systems to collapse and fall into economic crisis, then not only will their currencies depreciate wildly, but their sovereign assets will also be further devalued in the process. This high-sell-low-buy strategy would be even more profitable!

That way, you can get a much better deal of wool to shear!

But the most crucial step here is to sell US dollars to other countries when the US dollar is high and their currencies are low, so as to maximize the acquisition of their high-quality assets that have been hit rock bottom.

So here's the question: why would someone buy your US dollars at a high price?

It's also very simple.

As the only global currency, the US dollar is essential for everything from doing business and importing goods to repaying foreign debt.

If you run out of US dollars, then the only option is national bankruptcy.

That is, it became like countries such as Sri Lanka, with economic shutdowns, trade disruptions, and subsequent social unrest and riots!

Regardless of the circumstances, the Federal Reserve's interest rate hikes are a nightmare for countries around the world.

But for the United States, this is naturally very advantageous.

Even more advantageous are families like the Morgans and Rockefellers who control the Federal Reserve.

Every interest rate hike also allows them to make a fortune.

Unfortunately, the decision-making power regarding major global economic events such as the Federal Reserve's interest rate hikes does not lie with the seven major families.

Instead, it's in the hands of the Rothschild family!

Now that Henrietta has ordered an interest rate hike, the funds they invested to fight the IRS can be said to not only be recouped, but they can even make a considerable profit!

(End of this chapter)