Biden’s IRS Is Watching You

Dear Reader,

I’ve been warning my readers about the government’s war on cash for years now. I sounded the alarm on central bank digital currencies (CBDCs) over two years ago (I coined the phrase Biden Bucks to describe them in my newsletter because I want him to take full credit for what I consider to be crimes).

Power-hungry government elites and central bankers have wanted more control over your money for decades. But their objectives are two-fold. The rarely reported part of digital currency is the government’s goal of turning America into a surveillance state.

In my newsletter, Strategic Intelligence, I explain how this total surveillance state could resemble George Orwell’s dystopian 1984. Not only will the government control your money, but also threaten your freedom and right to privacy. And Joe Biden has now taken another step closer to that goal.

Here’s the backdrop for what’s going on.

Biden’s "All-of-Government” Directive

The Wannsee Conference was a meeting of government officials held in a large villa located near a lake in a western suburb of Berlin. The attendees included representatives of various government agencies involved with military affairs, the Ministry of Justice, transportation, logistics, foreign affairs, and the office of the Chancellor.

They were trying to solve certain operational problems caused by bottlenecks in existing processes. By gathering officials from many agencies with different perspectives, it was believed that they could cooperate to resolve the issues without finger-pointing. It was an example of what today is called an "all-of-government” approach. The conference was a success, the bottlenecks were resolved, and operations went much more smoothly from the time of the meeting.

I left a few details out of the foregoing paragraph. Here they are: The meeting took place on January 20, 1942. The German Chancellor at the time was Adolf Hitler, referred to as the Führer. The attendees included SS Obergruppenführer Reinhard Heydrich, who reported directly to Heinrich Himmler. The recording secretary of the meeting was Adolf Eichmann, who was also a transportation director.

The problem they were trying to solve was how to kill Jews more efficiently. The solutions included the expansion of the Auschwitz II death camp, which received freight trains of Jews from 1942 to 1944. Over 1.1 million were murdered there, mostly in gas chambers. The trains ran on time. The all of government approach worked.

Team Biden’s Playbook

The leading practitioners of the all-of-government approach today are members of the Biden administration. When they take steps to destroy the United States through open borders, fentanyl importation, allowing terrorist infiltrations, targeting political enemies, and trying to put election opponents in jail, they do not stop at the use of a single government department or agency that might have primary jurisdiction. They create an interagency task force involving five of six agencies that share information, contribute ideas, and coordinate activities intended to destroy their enemies.

For example, they might begin by using bank regulators to conduct a routine bank audit that targets loan applications by Donald Trump’s companies. They find a document that gives a certain valuation for a particular property being used as collateral for a loan. That document is passed to a state official such as New York State Attorney General Letitia James, who obtains a phony appraisal suggesting the value of the property is less than what is shown on the loan application. Tax officials are enlisted to produce tax returns that show even different valuations.

From there, a fraud case in concocted and brought before a Trump-hating judge in the Bronx. The result is a liability of over $550 million against Trump’s businesses even though the loan was paid on time and in full and the lending bank testified they would make the loan again and performed their own due diligence on the valuation issue. No matter. Bank regulators, tax officials, the Attorney General’s office, and a corrupt judge worked together to try to bankrupt Trump. That’s the power of the "all of government” method. You coordinate across agencies to destroy your political enemies.

There are many other examples. Prosecutors in the RICO criminal case in Georgia that accuses Trump of interfering with the 2020 election spent enormous amounts of time in Washington and at the White House meeting with Biden administration officials to plan their case. The prosecutor in the New York hush money case was transferred from the Department of Justice to the Manhattan DA’s office expressly to handle the trial. (No one thought the Manhattan DA, Alvin Bragg, was smart enough to conduct a trial of charges this convoluted).

Sometimes "all of government” is expanded to include agents outside the government. A good example is the pre-dawn arrest of political advisor Roger Stone at his home in Fort Lauderdale, Florida on January 25, 2019. The FBI attacked his house with armored vehicles, automatic weapons, and flash bombs. It was all for show. Stone appeared at the door unarmed and in his pajamas. Still, the FBI tipped off CNN so they could film the entire episode with special night vision cameras.

Stone was convicted on made-up charges and then pardoned by President Trump. The coordination between a corrupt FBI and the left-wing CNN shows how the all-of-government approach can be leveraged through corporate media and social media.

The IRS Joins Team Biden

The latest agency to be enlisted in Biden’s all-of-government war on political enemies is the IRS. Of course, the IRS has a long history of being involved with political targeting of enemies and the leaking of confidential taxpayer information. The latest expansion of their powers feeds directly into all-of-government techniques.

The IRS is now being weaponized to coordinate with the Department of Justice, the Department of Homeland Security, and other agencies to attack Biden’s opponents. Under new authorities, armed IRS special agents may be assigned to temporary duty with Drug Enforcement Task Forces, the FBI, the intelligence community, and the Financial Crimes Task Force among others. This is the true all-of-government approach.

We’ve watched the weaponization of the U.S. dollar in the form of sanctions on Russia and others in connection with the war in Ukraine. That has backfired and is leading to a de-dollarization movement that may end in a much weaker dollar and much higher inflation down the road.

We’ve also seen the weaponization of the U.S. justice system that has led to relentless and unfounded prosecutions of presidential candidate Donald Trump from the Russia Hoax, two phony impeachments, a half-billion dollar liability for a harmless valuation dispute on a loan application since the loans were repaid in full, a made-up RICO case in Georgia where the prosecutor may be disqualified for misconduct, a "hush money” case in New York where even left-leaning experts can’t tell you what the crime is, a classified documents case in Florida which may be dismissed due to prosecution tampering with the evidence, and finally a January 6^th case in Washington, which is on hold pending a Supreme Court ruling on presidential immunity.

This kind of weaponization (taking legitimate government functions and turning them into tools to destroy political enemies) began with the Obama administration and its hyper-political Attorney General Eric Holder and has now infected all branches of government under the Biden administration.

This Overreach Can Threaten You Too

As a result, the latest update of the IRS Internal Review Manual expands the scope of IRS investigation and audit activity to include anyone who impedes the government’s "ability to govern” or who poses a "threat to public safety or national security.”

Such phrases sound benign when applied to foreign terrorists or criminal masterminds. Then you realize they can just as easily be applied to political opponents, Trump supporters, podcasters, opinion writers, political organizers or everyday Americans who stand in the way of Biden’s neo-fascist ambitions.

The IRS can use threats of audits and investigations to intimidate social media platforms like Google, Facebook, and Instagram into shutting down MAGA Republicans and others who oppose Biden’s policies.

The IRS manual changes also authorize the agency to "disclose in writing, return information … which may constitute evidence of a violation of federal criminal laws to the extent necessary to apprise the head of the appropriate federal agency charged with responsibility for enforcing such laws.”

In other words, the IRS can leak taxpayer information to the Justice Department, Department of Homeland Security or other agencies with enforcement power to sic those agencies on targeted victims.

This happens in a context where simple political opposition has been criminalized giving the IRS carte blanche to choose their victims. If you are outspoken against the Biden administration, keep your tax records handy and get ready for a knock on the door.

During the Biden administration, the IRS has received a windfall in federal funding. The passage of the Inflation Reduction Act in 2022 provided the IRS with about $80 billion over the next decade, which the administration says will double the size of the agency and allow the IRS to hire 20,000 new employees.

Instead of focusing on tax evasion, the IRS can now audit your personal account for purchases it could deem unfavorable or that go against the liberal elite’s agenda. (This will be even easier once digital currency takes the place of physical cash). The state surveillance army will be able to decide what you are allowed to spend your hard-earned money on. And if it deems that your purchases threaten the government’s ability to govern, who knows what kind of fines or sanctions they could levy against you?

It’s one of many ways that Biden Bucks give the government total control of your money along with the ability to monitor your thoughts and movements.

What Can Be Done?

You might not be able to fight back easily in the world of Biden Bucks, but it can be done. There is one non-digital, non-trackable, and untraceable form of money you can still use…and that’s gold.

With gold on the move and moving to all-time highs, the case for owning gold has never been more critical. You may already be familiar with two of my national bestsellers, Currency Wars and The Death of Money. But my third and final installment in this "money series” might be my most important book to read.

In The New Case for Gold, I turn my attention to everyday Americans like you and how you can use gold (the #1 asset in a currency crisis) to not only survive but thrive in this ongoing currency war. If you don’t realize how important it is to allocate a slice of your portfolio to gold, or not sure how much gold to buy or how to store it, this book will provide the answers and change the way you look at gold.

This book is essential reading for both novice investors and seasoned gold investors, alike.

I warn my Strategic Intelligence readers of developments that you won’t hear in most financial media. This keeps them ahead of the curve in their investment decisions. For more of my insight, you can join this special group of informed citizens as well.

The Neo-Marxists in the White House want to control your money and take away your right to privacy. It’s up to us to preserve our freedoms as Americans and fight back.

All the best,

Jim Rickards

Editor, Strategic Intelligence