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America's Black Market Is Booming

April 27, 2013

The black market in the USA last year grew to an estimated $4 trillion...not $1 trillion.

If you think four trillion is a lot, ask yourself this - how many off-the-books personal transactions did you personally make last year?

The US – like most "industrialized" countries, is full of transactions by people who ignore laws and avoid taxes.

As bureaucrats continue to raise taxes and pile on regulations, it's becoming impossible for people to survive without breaking the law.

 

THE PRETTY PICTURE

The bankster owned media monopolies tell us that the US economy is recovering nicely and doesn't need an underground economy. The USA is portrayed as a desirable place where – unlike corrupt countries like the former Soviet Union – laws are obeyed, taxes are paid and a grateful nation takes its lead from Congress, the White House and even the military-industrial complex.

The unwanted truth is under-reported or minimized. Unemployment is twice as high as stated, tax avoidance is twice as high, criminality is twice as high and the under-reported $2 tillion figures on the underground economy can be doubled. Any numbers that contradict the pretty little pricture of a grateful nation are minimized.

BITE ME

The financial crisis of 2008 that is so often proclaimed to be "over" is in fact not over at all, as can be seen by the evident and obvious advancement of the underground economy.

When there's high unemployment, people turn to anything that pays them under the table. That means income isn't reported and taxes aren't paid. Ironically, the growing underground economy may be stopping the real economy from sinking further, according to analysts.

Why are people ignoring the laws of the land and avoiding taxes? Because the bureaucrats continue to raise taxes and pile on so many regulations that's it's impossible for people to survive without breaking the law.

"You normally see underground economies in places like Brazil or in southern Europe," said Laura Gonzalez, professor of personal finance at Fordham University. "But with the job situation and the uncertainty in the economy, it's not all that surprising to have it growing here in the United States." ...

"There is consumer spending in the short term, with people having money even if it's not reported, and that's boosting the economy," she said. "But in the long run, an underground economy is telling us that things have to change."

UNDERGROUND JOBS

Off-the-books work in today's job market range from domestic workers to small food establishments to landscaping. It also includes firms that hire hourly or day construction labor, information technology specialists and Web designers. Many who have a job that doesn't pay enough take another one that pays under the table.

"Even the arts and culture industry is not immune to working off the books in areas of music and entertainment" says David Fiorenza, an economy professor at Villanova University.

People who are forced into the underground economy run the risk of getting exploited with lower pay or not being paid at all...but what could be more exploitative than the current taxation trend in the West? Up to 70 to 80 percent of a person's wages confiscated by the state – especially in "progressive" Scandinavian countries.

THE GOOD NEWS

What is actually going on here is yet another confrontation between what we call the Internet Reformation and globalists.

Your government is not looking out for you - as the Internet has increasingly revealed. As more and more people participate in the underground economy, as governments make it increasingly difficult to survive, the number of people throughout the West "dropping out" increases.

Not only do they drop out but they withdraw their allegiance to the state and to the BS. If desperate people can generate their funds by circumventing modern government, then an expanding underground economy presents an existential threat to the powers-that-be. No more "business as usual".

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