Bye-Bye Federal Reserve and IRS, Hello ERS = External Revenue Service and the Trump Tariffs of Economic Liberty
*N.B.: See, Morgan Robertson, The Wreck of the Titan and The Titanic (1898), that accurately predicted the sinking of the Titanic (14 April 1912) 14 years before this ship was sunk by the Rothschild Central Banking Cartel. 20 months after the sinking of the Titanic led directly to the illegal and unconstitutional passage the Federal Reserve Act in the dead of night on the eve before Christmas Eve (23 Dec. 1912) by President Woodrow Wilson, several corrupt Congressmen who were secretly allied with the Rothschild Central Bankers aka the Rothschild Khazarian Mafia. Also see, my 5-part essay series on the History of the Rothschild Khazarian Mafia (100 A.D-2025).
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About the Author—Professor Ellis Washington, J.D.—I went to Harvard Law School for 1 year (1988-89) with future POTUS Barack Hussein Obama, (b. 1960 – d. 09/29/2019), who was a secret descendant of the Rothschild Banking Cartel Family and a blood grandson of the German NAZI dictator, Adolf HITLER! – who was also a Rothschild – but I took the opposite path in Life—New World Order, Communism, Treason, Pedophilia and Satanic Ritual Abuse vs. Christianity, Conservatism, Protecting the Children & TRUMPism. I repeatedly refused to take the “Satan OATH” which is why I’ve been blacklisted since 1989 – for over 36 years—for my entire legal and academic career, yet I Fight on! Why? To avenge Harvard University’s original 1692 motto—Veritas pro Christo et Ecclesia {= Truth for Christ and the Church}. How do We the People escape the 150-year Rothschild Chattel Slavery systems (e.g., Birth certificates [= Birth Bond Fraud], Death certificates, Social Security numbers bought, sold and trading people’s identities like animals on Wall Street) and Rothschild Debt Slavery systems (e.g., IRS, Income Taxes, Death Taxes, Fiat or Counterfeit currency not based on Gold or Silver, but based on NOTHING! Cui bono?– Who benefits? Why are all national currencies of the world promiscuously printed at will by the Rothschild Central Bankers? Is it to fund perpetual False Flag Wars like — America vs. New World Order, Israel vs. Gaza, Syria, Iran, Yemen & Lebanon, Russia vs. Ukraine, Taiwan vs. China, Rwanda vs. The Congo, Cambodia vs. Thailand, Armenia vs. Azerbaijan, and existential battles all over the world, while keeping the entire world enslaved inside an existential – Birth-School-Labor-Taxes-Debts-Retirement-Death cycle of the Rothschild Khazarian Mafia Matrix (1871-2021)? Further answers can be learned by reading, studying and sharing the Truth of my Critical Thinking blog that on 1 Aug. 2025 surpassed 26 million views! @ EllisWashington Report.com, Facebook, Twitter/X—#JesusIsGod (Isaiah 9:6) #DCActof1871 |
“April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again.”
~ President Donald J. Trump, “Liberation Day” speech
“Imposing tariffs, Trump puts the end to globalization. From now on mercantilism prevails on the world scale. Global decoupling. Another step to save the world from Globalist dictatorship.”
~ Dr. Alexander Dugin, Advisor to Russian President Vladimir Putin
Mercantilism – “An economic order that sees trade as national security.”
~ Dr. Steve Turley
If tariffs are so bad, why do they [all the Nations of the world] have them? Or if the American consumers are going to pay all the tariffs, then why do they care about tariffs because they [the American consumer] are going to eat them.
~ Treasury Secretary Scott Bessant
Prologue—Arguing with Politicians, Economists, Academics, Friends, Family and Colleagues about Tax Policy is like arguing about furniture arrangements on the deck of the TITANIC just before the Rothschild Khazarian Mafia Sunk this Ship (April 14, 1912) in order to force America to adopt the Federal Reserve Central Banking System of Perpetual Chattel and Debt Slavery on Dec. 23, 1913
According to Google AI which outlines the historical background justifying President Trump’s neo-Mercantilism and comprehensive Tariff policy on virtually every nation on earth – “Donald Trump has made several statements about the historical use of tariffs in the United States. He has asserted that the nation’s reliance on tariffs contributed to its economic strength. Examples include:
- “From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been,” according to Trump.
- He also stated that the Great Depression “would have never happened if they had stayed with the tariff policy” and that “they tried to bring back tariffs [e.g., Smoot-Hawley Tariff Act of 1930] to save our country, but it was gone”.
- Trump has often cited the McKinley Tariff Act of 1890, crediting it with America’s economic success in the late 19th century. However, this period also included the Panic of 1893 and the resulting depression.
*N.B.: Facebook post by Ellis Washington of 24 Aug. 2025—
DID YOU KNOW?!? The Deep State Devils and the Democrat Socialist Party that hijacked and infiltrated our Republic in America have had 103 years (Dec. 23, 1913-Nov. 8, 2016) to create and establish the Satanic New World Order = Federal Reserve Banking system operable in 209 nations throughout the world, created by the Rothschild Khazarian Mafia
And that President Donald J. Trump has only had 9 years to overturn this evil, embedded Communist system of the Democrat Socialist Party, the Globalists and the United Nations entities like the IMF, World Bank, World Economic Forum, George Soros’s Open Society, Freemasons, Illuminati, Hollywood, the Academy, etc… Did you know that 4 of those 9 years were literally stolen by Biden (really Barack OBAMA pulling the puppet strings behind the scenes in the 2020 election)(2021-2025)
If you REALLY want to know the truth, the Deep State treachery of instituting perpetual Chattel Slavery & Debt Slavery & INFLATION began in 1871 = DC Act of 1871 created by the Rothschild Khazarian Mafia with the help of criminal, treasonous politicians, Wall Street Bankers, corrupt lawyers, judges and Republican and Civil War General, President Ulysses S. Grant (1869-77).
President Donald J. Trump and his White Hat Military Alliance has been working heroically for over 150 years to overturn this Satanic New World Order that’s even enshrined in symbolism on our $$$ supply. . . Will you please help U.S.
Historians and economists often provide differing interpretations of the historical role of tariffs in the US economy and the causes of events like the Great Depression, frequently disagreeing with Trump’s claims.
A quote likely from Donald Trump discusses tariffs and the Founding Fathers between 1789 and the 1930s. He said, “From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been”. He also indicated a desire to recreate that era, fueled by his fondness for tariffs and admiration for William McKinley, a Republican president from 1897 to 1901 who supported high tariffs.
However, historians and economists disagree with Trump’s characterization of this historical period and the role of tariffs. The Gilded Age, which aligns with Trump’s timeframe, saw significant industrial growth and high tariffs. However, it was also marked by government and business corruption, social unrest, and significant inequality. Some scholars argue that the Gilded Age’s prosperity benefited the wealthy, while many industrial workers faced poverty despite long hours in unsafe conditions. Trump also linked tariffs with the prevention of the Great Depression, stating that “it would have never happened if they had stayed with the tariff policy” in reference to 1929. This claim doesn’t fully reflect the historical complexities and multiple factors that contributed to the Great Depression.”
“April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again.”
~ President Donald J. Trump, “Liberation Day” speech
*N.B.: See generally, Ellis Washington, Mercantilism and Tariffs to Defeat the Deep State Democrats and the Satanic New World Order Globalists to Reestablish U.S. as #1 (04/15/2025)
Ayn Rand, Objectivism, and the Rise of a Neo-Libertarian Economic Worldview against Cultural Marxism inside the Institutions #InvasionThroughInfiltration
“We can and must write in a language which sows among the masses hate, revulsion, and scorn toward those who disagree with us.” ~ Lenin
You’ve heard of the Italian Marxist political theorist Antonio Gramsci’s (1891-1937) Socialism trope of “The Long March Through the Institutions” where the Left led in America by the Democrat Socialist Party would infiltrate all institutions with Socialism in a comprehensive and treacherous tactics to kill Christianity in America and to gradually take over all n the intellectual institutions by perverting them into a Communist or Marxist worldview (Weltanschauung).
The counterweight to that Communist worldview was presented by Ayn Rand (1905-82), the founder of Objectivism Philosophy which from the 1930s onward aggressively warred against the then prevailing Marxist, Socialist and Communist economic worldviews pushed by the Democrat Socialist Party in America and by Socialists and Globalists in Europe, East Asia, South America spreading like a cancer throughout the world and societal institutions primarily through Cultural Marxism, said it best in the meme below—
A commentator on Facebook to Rand’s meme stated these prescient words:
Exactly. Rand’s point isn’t just that inflation destroys economies — it’s that people never seem to learn. We don’t just get led to economic slaughter; we run toward it. We stampede to the very politicians and central bankers who caused the problem, begging them to “fix” it with the same poison that made us sick in the first place. That’s not ignorance anymore — that’s self-destruction disguised as hope.
Yep. Inflation is defined as too many dollars chasing too few products. Anytime the government creates money by fiat (e.g. printing too much, deficit spending and increasing national debt) it increases the number of dollars in circulation but does not increase productive output. Inflation is the inevitable result. Read Friedman, Hayek, Ballvé and Hazlitt for more detailed explanations.
Review of Stone Washington’s Article—Congress Misses Opportunity To Repeal IRA Stock Buyback Tax(07/28/2025)
My son, Stone Washington, is a research fellow at the Libertarian Think Tank in Washington, D.C. called The Competitive Enterprise Institute where he frequently writes revelatory op-eds on Capitalism, Free Market Enterprise and Policy initiatives regarding the Securities and Exchange Commission (SEC). However, he oftentimes is invited to write for other Think Tanks and media entities. One of those media sources he published in recently is called IssuesInsights.com titled – Congress Misses Opportunity To Repeal IRA Stock Buyback Tax (printed in full below with permission of the author)—
Congress Misses Opportunity To Repeal IRA Stock Buyback Tax
July 28, 2025
NOTE TO READERS: We apologize for the barrage of ads that had been sliding in from the left side of the page. We never authorized this, finally figured out who was to blame, and stopped them.
Republicans hailed the One Big Beautiful Bill for achieving tax cuts and spending reductions. Despite this victory, the bill was missing a fix for an unwarranted tax imposed on stock buybacks by the Inflation Reduction Act.
Stock buybacks allow public companies to repurchase their own shares, and there is no good reason why the government should discourage this practice. In fact, there are several benefits associated with buybacks.
As a company grows in size, so too can the value of its stock offering, and one way to enhance stock prices is for firms to repurchase their shares at peak performance or during robust economic activity.
Stock repurchases help improve the firm’s value on the stock market and signal confidence from management, demonstrating firm health and attracting new investors. Buybacks also help investors, including middle-class investors, as the firm enhances its current market value and pays dividends. In reducing the total number of shares on its balance sheet, the company enhances the earnings potential for shareholders. Fewer shares available means each shareholder obtains a larger slice of the earnings pie, strengthening their ownership of the company. Buybacks can also be a more flexible alternative to issuing cash dividends by incentivizing retail investors to remain with the company by increasing corporate earnings per share.
Despite these benefits, many on the political left like Rep. Sean Casten, D-Ill., Sen. Elizabeth Warren, D-Mass., Sen. Chuck Schumer, D-N.Y., and Sen. Bernie Sanders, I-Vt., demonize buybacks as dollars lining wealthy pockets. That’s why, by 2023, the anti-buyback coalition was able to attach a 1% tax on all domestic stock buybacks to the Inflation Reduction Act. If Democrats regain control of Congress and the White House, that tax rate could easily rise to 4%, 8%, or even higher.
Taxing stock buybacks presents two major problems for public companies.
Invaluable research and development capital is diminished. Data shows that as companies repurchase more of their shares, they also invest in R&D as part of their overall growth. Over the past decade, corporate spending on R&D plus capital expenditures (capex) has climbed to all-time highs. Additionally, companies have enjoyed more robust cash balances at their disposal, amounting to $3.5-$5.8 trillion between 2003-2011.
The tax also increases the risk of further political interference in the markets. Proponents of the IRA’s 1% levy will likely attempt to increase this rate to something higher than 8% in order to artificially pressure companies away from buybacks and toward dividends. This is because even at a 4% rate, stock buybacks remain a more tax-advantaged option than dividends, as the Tax Policy Center model revealed.
Proponents of the buyback tax also ignore the parallel rise in record-high dividends issued by companies. According to recent 2024 data from S&P Global, “… dividends set a record $629.6 billion payments, up 7% on an aggregate basis from 2023’s $588.2 billion.” The recent surge in both buybacks and dividends demonstrates how companies have benefited from high levels of profitability. Taxing buybacks only increases the burden on new investments and introduces economic distortions in how companies make payout decisions.
For all the trouble, the tax has not been a big revenue raiser for the government. One estimate from the Bipartisan Policy Center revealed that the federal government only pocketed $7.9 billion in revenue from the tax in fiscal year 2024. Even if, as others have predicted, the government could collect around $265 billion over a 10-year period at a 4% rate, that’s not nearly enough to overcome all the downsides of the tax.
Congress should repeal the never-needed excise tax. Doing so will allow share prices to respond more fluidly to supply and demand without the government’s thumb on the scale, creating better opportunities for investors.
Stone Washington is a research fellow for the Competitive Enterprise Institute, a free-market public policy organization based in Washington, D.C.
Although the main impetus of his article was Stone’s call to Congress to completely repeal the excise tax on IRA Stock Buybacks, which I whole-heartedly agree with, on a deeper level Stone’s article exposed the little gremlins who are the devils in the details—the political class or Congress. It is these people (primarily Democrats) who for decades have enriched themselves behind the scenes by exploiting secret knowledge about the rise and fall of the markets on Wall Street by tying this illegal “Insider Trading” information not known by the general public, to this elite political class of 100 Senators and 435 members of Congress. Here are my comments on Stone’s article below—
Excellent article Stone and Kudos to you! The paragraph that hit at the heart of your article in my view was the following passage—
“Despite these benefits, many on the political left like Rep. Sean Casten, D-Ill., Sen. Elizabeth Warren, D-Mass., Sen. Chuck Schumer, D-N.Y., and Sen. Bernie Sanders, I-Vt., demonize buybacks as dollars lining wealthy pockets. That’s why,
by 2023, the anti-buyback coalition was able to attach a 1% tax on all domestic stock buybacks to the Inflation Reduction Act. If Democrats regain control of Congress and the White House, that tax rate could easily rise to 4%, 8%, or even
higher.”
These parasitical politicians (all Democrats!) are the biggest hypocrites for they want to raise taxes on IRA Stock Tax Buyback “to prevent the rich from getting richer” when they are all multimillionaires and use illegal insider trading practices based on the legislation they pass and $$$ laundering through thousands of NGOs like USAID.
Speaking of USAID, didn’t Bolshevik Bernie take a $44 million USAID grant (e.g., bribe from President Obama) to drop out of the 2016 presidential race against Hillary? Their treachery didn’t work then and now Trump will soon dismantle the IRS, Income Taxes and the Rothschild Khazarian Mafia Federal Reserve and replace these Socialist institutions with the Tariffs gleaned from the newly created External Revenue Service [ERS].
*N.B.: See, Ellis Washington, Trump + Musk + DOGE = USAI[D]ead (03/02/2025)
The results is that over the past 100+ years or since the creation of the Rothschild Khazarian Mafia institution that hijacked and enslave our money supply, create or fiat currency and enslaved 330,000,000 million American citizens by controlling the so-called “Night Rate” or interest rates, thus keeping the world’s most powerful economy in economic turmoil. This institution is called the Federal Reserve or the Central Bankers and President Trump has vowed to either totally eradicate this institution or to replace its money stealing branch (the IRS or Internal Revenue Service) with a new institution called the External Revenue Service, based on the money America will get from Trump’s new universal Tariff policies. This is where every nation of the world with whom we have a trading imbalance ( = all Nations!) will have to pay a baseline 15-20% tariff rate on all goods exported to America as a type of “entrance fee”.
Epilogue—Why was Legendary Economist Milton Friedman and 99.9% of the World’s Economists and Academics Blind to the Historical Economic Success of Mercantilism and Tariffs that made America become the #1 Economic Superpower: 1789-1930?
FEE Online did a post of the legendary economist, Milton Friedman posted on Instagram:
“Born on July 31, 1912, Milton Friedman didn’t just teach economics—he changed how the world thinks about freedom, inflation, and government.
Comments: “Friedman” and we’ll send you an article diving deeper into his legacy. His work on the monetary causes of inflation overturned Keynesian orthodoxy and laid the intellectual groundwork for central bank independence. He redefined the purpose of policy: not to “correct” markets, but to preserve individual choice. His radical advocacy for school vouchers, unilateral free trade, and a negative income tax challenged both the left and right.
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Friedman won the Nobel Prize in 1976, advised political figures like Ronald Reagan and Margaret Thatcher, and made economics accessible through his books and his classic TV series Free to Choose. #miltonfriedman #legacy #economy #nobelprice #liberty
I commented: Admittedly Milton Friedman was a great and legendary economist. I read him over 30 years ago at the behest of the Dean of my Law School at John Marshall Law School (Dr. David Meltz [d. 2018]), who also made me read other iconic thinkers like — Ayn Rand, Friedrich Hayek, Ludwig von Mises, Murry Rothbard, Israel Kirzner and other members of the famous Austrian School of Economics. However, like all of his contemporaries and those who followed him of all ideological schools (from Marxists, to Socialists, to Centrists, to Conservatives, to Libertarians, Friedman was myopic and to a large extent, a slave to his economic philosophy and biases to what really made America the #1 economic superpower from 1789-the early 1930s = TARIFFS.
I call Friedman and other economists of all ideological worldviews “myopic” because like Friedman they reflexively viewed mercantilism and tariffs as bad and a tax on American businesses and enterprise. They were all wrong and Trump alone was right! Trump like Theseus the hero of Greek antiquity who killed the Cerebos, the 3-headed monster who guarded the gates of hell. Of course the 3-headed monster of modern times = London, Rome and Washington, D.C.
In a documentary on The Great Depression (1929-39) wasn’t due to tariffs, it was due to monetary policy (beg. @04:45). Friedman points out that there was a severe monetary contraction by the Federal Reserve, so when the money should have been freed up for investment at the time when the economy was starting to contract, he has argued that the Federal Reserve took a bad Recession and turned it into a Depression by tightening, tightening the money supply.”
What is Mercantilism and Tariffs?
Before I get too deep into the analysis of Eric Revell’s Fox Business article, allow me to give some background history about tariffs and the economic philosophy of Mercantilism which was the dominant economic policy of Europe from the16th-18th century. I will explain this philosophy, where tariffs came from, and why Nation-States used tariffs against one another as a primary means to raise revenue by their economic competitors (rather than the Regressive ‘Income Tax”) while protecting the national supply chains of industry which are the baseline economic engine and self-interests of the individual Nation-States.
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade. #Wikipedia
A tariff is a duty (tax) imposed by the government of a country or customs territory, or by a supranational union, on imports (or, exceptionally, exports) of goods. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry.[1] Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. #Wikipedia
Mercantilism and Tariffs are the twin economic engines President Trump is using to do something no other American President (or any leader in world history for that matter) has ever done, but only have rhetorically talked about—instituting tariffs on every country and nation of the world that has a trade deficit with America (which amounts to about $1-1.5 TRILLION annually), and to enact reciprocal tariffs at one half the amount imposed against the U.S. as a starting point of negotiations that America is done being economically exploited and, that to have the privilege (not “Right”) to do business in America will cost your $1.00 for $1.00 from now on.
Although tariffs were a main source of economic growth in America from the beginning of the Republic with President George Washington’s Tariff Act (1789) and later the economically stronger Tariff Act (1816) – the early 1920s, after the Smoot-Hawley Act of 1930 tariffs were blamed for the Great Depression and the Economic Crash of Oct. 1929, began to gradually fall out of favor. However, as conservative commentator Mark Levin said of Libertarian economist Milton Friedman:
In my view that was only half the equation. First, Friedman should have condemned the Federal Reserve as ipso facto unconstitutional as perpetuating perpetual chattel and debt slavery. Secondly, the Federal Reserve didn’t take a bad Recession and turned it into a Depression; it created the foundation and structure for a Great Depression to occur. Why? Because the Central Bankers were threatened by the great economic engine of the so-called “Roaring Twenties” and manipulated and American monetary policy to tank America’s economy and blamed it on “Tariffs” . . . a false belief that exists to this day almost 100 years later!
President Trump through his neo-Mercantilism and Tariff economic policies (since Jan. 2025) has revived before the world this neo-Mercantilist, aggressive Tariff economic policy in such a simple, transcendent, and powerful way that national and globalist economic policy will hereafter forever be changed in favor of Tariffs as “National Self-interest”. See, www.EllisWashingtonReport.com
To understand History and the Reality of Truth Always follow the $$$. What I mean by this wise aphorism is not to fall repeatedly down the rabbit hole of “Conspiracy Theory”, but to soberly, logically and purpose examine History based on facts, to pull back the curtain and to see what is really going on by the Deep State. For example, at the beginning of this essay I cited a Prologue containing some forbidden type of information that you may not have heard of from mainstream or Deep State propaganda media sources. Here it is again restated—
Prologue—Arguing with Politicians, Economists, Academics about Tax Policy is like arguing about furniture arrangements on the deck of the TITANIC just before the Rothschild Khazarian Mafia Sunk this Ship in order to force America to adopt the Federal Reserve Central Banking System of Perpetual Chattel and Debt Slavery on Dec. 23, 1913
(OP) avanciazimPRO14 Apr 19 Source
FACT: In 1898 a man named Morgan Robertson penned a book titled “Wreck of the Titan & the Titanic” about a luxury liner deemed unsinkable that was going too fast in the North Atlantic in April and hit and iceberg killing most everyone on board due to lack of lifeboats.
FACT: 14 years later this fictional book would play out in real life exactly down to the name, with the wreck of the Titanic; but this time it would have major political implications. Some of the wealthiest men in the world were on that ship and some were opposed to the Federal Reserve and central banks.
FACT: JP Morgan funded and built the Titanic.
FACT: JP Morgan was booked on the voyage but canceled at the last second.
FACT: Friend of JP Morgan, Milton Hersey, also canceled at the last moment and survived to build the Hersey food empire.
FACT: There were no red flares on board to signal to any boats for rescue; only white flares that signal a party and that everything is okay.
FACT: It was the first ship of its kind with the ability to seal decks electromagnetically which could also seal people below deck.
FACT: The Captain, Edward Smith, was one of the most decorated Captains of his time and it would have been totally out of character for him to avoid precautions.
FACT: The author of the book, “Wreck of the Titan” was poisoned to death a couple years after the Titanic sank (14 April 1912).
FACT: The Federal Reserve was formed the very next year (23 Dec. 1913) (just 20 months later).
FACT: The Astor Family was one of the richest families in the world and John Astor III opposed the Federal Reserve.
In conclusion, after the end of World War II (1945) Economic Nationalism began to be replaced with Economic Globalism as America was viewed as the defender of the New World Order which was viewed as protecting a Globalist New World Order vs. a Nationalist Order of a given Nation-State. Presidents like Reagan and later Trump repeated declared that America being the policeman of the world was unsustainable and would lead to the downfall of America.
President Donald J. Trump is in the process of once and for all decapitating this Leviathan monster of the Federal Reserve Central Bankers (aka Rothschild Khazarian Mafia) who has kept the world chattel slaves and debt slaves for centuries. Trump is in the process of destroying this 3-headed Hydra [The City of London, Washington, D.C., & Vatican City and is restoring National Economic Security through reinstituting worldwide Tariffs through the ancient economic philosophy of Mercantilism.
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