BANKING LAW

In days gone by, the law said that if you place money into a bank account, you are the only person who could withdraw that money. Under the current banking laws in the United States of America, the Internal Revenue Service can now transfer money from your bank account in amounts not exceeding $1,000 if necessary to meet its annual budget. Of course, no one in the IRS will admit that they have this power, because they know that no one in the entire United States would willingly grant them this power.

​The rationale behind this new law is that if they and you know that you will owe taxes, they have the power to access your bank account. There is nothing in the law that prevents them from accessing the account, if you do not owe back taxes, as long as you are likely to owe future taxes. Nor is there anything in the law that obligates them to repay the amount withdrawn within a specific time frame. The new law merely states that they have the power to withdraw, without giving any time limit for repayment. It is only a matter of time before the banking laws in other countries are amended in a similar manner. 

The Lord God Almighty El Shaddai