The
Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr.
(Ohio) addressing the House:
"Mr. Speaker, we are here now in
chapter 11.. Members of Congress are official trustees presiding over the
greatest reorganization of any Bankrupt entity in world history, the U.S.
Government. We are setting forth hopefully, a blueprint for our future. There
are some who say it is a coroner’s report that will lead to our demise.
It is an established fact that the
United States Federal Government has been dissolved by the Emergency Banking
Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President
Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m
session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and
Abrogate The Gold Clause dissolved the Sovereign Authority of the United States
and the official capacities of all United States Governmental Offices,
Officers, and Departments and is further evidence that the United States
Federal Government exists today in name only.
The receivers of the United States
Bankruptcy are the International Bankers, via the United Nations, the World
Bank and the International Monetary Fund. All United States Offices, Officials,
and Departments are now operating within a de facto status in name only under
Emergency War Powers. With the Constitutional Republican form of Government now
dissolved, the receivers of the Bankruptcy have adopted a new form of
government for the United States. This new form of government is known as a
Democracy, being an established Socialist/Communist order under a new governor
for America. This act was instituted and established by transferring and/or
placing the Office of the Secretary of Treasury to that of the Governor of the
International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955
reads in part: "The U.S. Secretary of Treasury receives no compensation
for representing the United States?’
Gold and silver were such a powerful
money during the founding of the united states of America, that the founding
fathers declared that only gold or silver coins can be "money" in
America. Since gold and silver coinage were heavy and inconvenient for a lot of
transactions, they were stored in banks and a claim check was issued as a money
substitute. People traded their coupons as money, or "currency."
Currency is not money, but a money substitute. Redeemable currency must promise
to pay a dollar equivalent in gold or silver money. Federal Reserve Notes
(FRNs) make no such promises, and are not "money." A Federal Reserve
Note is a debt obligation of the federal United States government, not
"money?’ The federal United States government and the U.S. Congress were
not and have never been authorized by the Constitution for the united states of
America to issue currency of any kind, but only lawful money, -gold and silver
coin.
It is essential that we comprehend the
distinction between real money and paper money substitute. One cannot get rich
by accumulating money substitutes, one can only get deeper into debt. We the
People no longer have any "money." Most Americans have not been paid
any "money" for a very long time, perhaps not in their entire life.
Now do you comprehend why you feel broke? Now, do you understand why you are
"bankrupt," along with the rest of the country?
Federal Reserve Notes (FRNs) are
unsigned checks written on a closed account. FRNs are an inflatable paper
system designed to create debt through inflation (devaluation of currency).
when ever there is an increase of the supply of a money substitute in the
economy without a corresponding increase in the gold and silver backing,
inflation occurs.
Inflation is an invisible form of
taxation that irresponsible governments inflict on their citizens. The Federal
Reserve Bank who controls the supply and movement of FRNs has everybody fooled.
They have access to an unlimited supply of FRNs, paying only for the printing
costs of what they need. FRNs are nothing more than promissory notes for U.S.
Treasury securities (T-Bills) - a promise to pay the debt to the Federal
Reserve Bank.
There is a fundamental difference
between "paying" and "discharging" a debt. To pay a debt,
you must pay with value or substance (i.e. gold, silver, barter or a
commodity). With FRNs, you can only discharge a debt. You cannot pay a debt
with a debt currency system. You cannot service a debt with a currency that has
no backing in value or substance. No contract in Common law is valid unless it
involves an exchange of "good & valuable consideration."
Unpayable debt transfers power and control to the sovereign power structure
that has no interest in money, law, equity or justice because they have so much
wealth already.
Their lust is for power and control.
Since the inception of central banking, they have controlled the fates of
nations.
The Federal Reserve System is based on
the Canon law and the principles of sovereignty protected in the Constitution
and the Bill of Rights. In fact, the international bankers used a "Canon
Law Trust" as their model, adding stock and naming it a "Joint Stock
Trust." The U.S. Congress had passed a law making it illegal for any legal
"person" to duplicate a "Joint Stock Trust" in 1873. The
Federal Reserve Act was legislated post-facto (to 1870), although post-facto
laws are strictly forbidden by the Constitution. [1:9:3]
The Federal Reserve System is a
sovereign power structure separate and distinct from the federal United States
government. The Federal Reserve is a maritime lender, and/or maritime insurance
underwriter to the federal United States operating exclusively under
Admiralty/Maritime law. The lender or underwriter bears the risks, and the
Maritime law compelling specific performance in paying the interest, or
premiums are the same.
Assets of the debtor can also be
hypothecated (to pledge something as a security without taking possession of
it.) as security by the lender or underwriter. The Federal Reserve Act
stipulated that the interest on the debt was to be paid in gold. There was no
stipulation in the Federal Reserve Act for ever paying the principle.
Prior to 1913, most Americans owned
clear, allodial title to property, free and clear of any liens or mortgages
until the Federal Reserve Act (1913)
"Hypothecated" all property
within the federal United States to the Board of Governors of the Federal
Reserve, -in which the Trustees (stockholders) held legal title. The U.S.
citizen (tenant, franchisee) was registered as a "beneficiary" of the
trust via his/her birth certificate. In 1933, the federal United States
hypothecated all of the present and future properties, assets and labor of
their "subjects," the 14th Amendment U.S. citizen, to the
Federal Reserve System.
In return, the Federal Reserve System
agreed to extend the federal United States corporation all the credit
"money substitute" it needed. Like any other debtor, the federal
United States government had to assign collateral and security to their creditors
as a condition of the loan. Since the federal United States didn’t have any
assets, they assigned the private property of their "economic
slaves", the U.S. citizens as collateral against the unpayable federal
debt. They also pledged the unincorporated federal territories, national parks
forests, birth certificates, and nonprofit organizations, as collateral against
the federal debt. All has already been transferred as payment to the
international bankers.
Unwittingly, America has returned
to its pre-American Revolution, feudal roots whereby all land is held by a
sovereign and the common people had no rights to hold allodial title to
property. Once again, We the People are the tenants and sharecroppers renting
our own property from a Sovereign in the guise of the Federal Reserve Bank. We
the people have exchanged one master for another.
This has been going on for over eighty
years without the "informed knowledge" of the American people,
without a voice protesting loud enough. Now it’s easy to grasp why America is
fundamentally bankrupt.
Why don’t more people own their
properties outright?
Why are 90% of Americans mortgaged to
the hilt and have little or no assets after all debts and liabilities have been
paid? Why does it feel like you are working harder and harder and getting less
and less?
We are reaping what has been sown, and
the results of our harvest is a painful bankruptcy, and a foreclosure on
American property, precious liberties, and a way of life. Few of our elected
representatives in Washington, D.C. have dared to tell the truth. The federal
United States is bankrupt. Our children will inherit this unpayable debt, and
the tyranny to enforce paying it.
America has become completely bankrupt
in world leadership, financial credit and its reputation for courage, vision
and human rights. This is an undeclared economic war, bankruptcy, and economic
slavery of the most corrupt order! Wake up America! Take back your
Country."
Image: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
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