While researching documents for a new story [about what may very well be considered the "bigger picture" to this particular report], it occurred to me that most people don't know it but the United States of America has been financially bankrupt and operating under, what's referred to as, the Emergency Banking Act since March 9, 1933.
Let me repeat myself and be absolutely clear. The United States is a bankrupt nation and the constitutional government has ceased to exist since the Emergency Bankruptcy Act was passed and implemented seven decades ago. Further, the nation's bankruptcy has enslaved it and its people to the international bankers primarily through official bodies that include the IMF, World Bank, Federal Reserve (in the United States), and United Nations. Don't feel too bad though because, essentially, every single member nation of the so-called "free world" has fallen into similar financially insolvent circumstances over the past century. The truth is that this has happened deliberately and by design, and the planning has been underway since the dawn of the 20th century.
This isn't the stuff conspiracies are made of folks, but rather cold, hard facts. And, make no mistake that this information is significant, relevant and, in deed, directly impacts the way people might or should think about their individual sovereignty and the federal government itself. However, and more importantly in these times of global economic turbulence and uncertainty, this information might open a lot of eyes and minds with respect to the world's true state of affairs. If you consider the actual precarious nature of our position as a nation (and that of most nations around the world), it becomes evident that regardless of what governments and political parties promise, undertake, maneuver or implement, there's no real solution to the world's current financial woes. At least not one that won't completely upset and destroy the way of life for millions of people around the world including the world's most wealthiest folks.
It's not usually my style to digress so early in a piece, but it wouldn't be fair to mention the "bigger picture" without giving a little bit more detail. What could be bigger than finding out your country is bankrupt and your federal government hasn't been a Constitutional, financially functional government for almost 70 years? How about the fact that, since the implementation of the Emergency Banking Act and then the subsequent suspension of using gold as a monetary standard on June 5, 1933, every single one of us has been sold into economic slavery by our own federal government and, obviously, without our knowledge, individual consent, or complicity in any way, shape or form.
In short, the moment we entered into bankruptcy as a nation and had to begin operating on borrowed time and money from international coffers and lenders, the United States fell under the thumb of the international bankers and, from that point onward, people were considered nothing more than monetized instruments or tradable commodities on the world financial stage. Upon registration at birth, our birth certificate and social security number applications are essentially monetized and used to create two different implied or constructive trusts that are then traded going forward as security interests for international commerce as if they were money or negotiable instruments. Having made the aforesaid assertions with respect to the use of people as commodities connected to tangible international trust fund accounts, it's my intention to provide the evidence, practical information, and due diligence resources necessary for people to thoroughly understand the issues and investigate the prospect of ultimately taking back control of these personal trusts. Obviously and for good reason (from their perspective), the government doesn't want people to know about this history or take steps to better understand the issues. That's why much of this information includes some very new concepts to a lot of people including many of those that hold legal positions such as judges, lawyers, and even many constitutional scholars.
However, and although the latter topic has probably peaked the interest of most people reading, it's important to understand some of the events that led to our economic slavery including the topic at hand being the bankruptcy of the United States, the dissolution of the constitutional government, and what specifically led to the greatest nation on the planet having to declare bankruptcy less than 150 years after becoming a sovereign country.
First and foremost, let's firmly and indisputably establish the fact that the United States entered into bankruptcy and gave up its rights as a sovereign nation in 1933. On March 1, 1993 (Congressional record VOL. 33, page H-1303) Rep. James Traficant, Jr. (Ohio) reported on the Bankruptcy of the United States to the House of Representatives without prejudice the following:
"Mr. Speaker, we are 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 in 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 State Federal Government exists today in name only.
The receivers of the Untied 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 defacto 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 of America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor for the International Monetary Fund."
These are some pretty strong words that go against most people's very understanding of government and, just like modern day libertarians like Ron Paul, Rep. Traficant was often shunned by his peers for speaking the truth and putting the nation before the bankers and special interests. Despite the against-the-grain nature of this Representative's remarks on record, everything that he said and asserted is not only absolutely true but can easily be checked, referenced, and verified in today's society of easily available information.
It was a lot easier when everything was based on a nation's tangible holdings of gold and silver, but that system didn't work for the bankers who had, just a few decades earlier, established the Federal Reserve. Gold and silver were very powerful financial instruments during the founding of the United States of America and, for that reason, the founding fathers declared that only gold and silver coins can be money in America. However, since gold and silver coinage was heavy and inconvenient for many transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as "currency". Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver. Since 1933, Federal Reserve Notes (FRN's) make no such promises, and are not "money". A Federal Reserve Note is a debt obligation of the federal United States government, not currency. The federal United States government and the U.S. Congress are not and have never been authorized by the Constitution of the United States of America to issue currency of any kind, but only lawful money based on gold and silver.
It's very important and critical to understand the difference between the pre-1933 and post-1933 financial systems, or more accurately the difference between real money and paper money substitutes. A person can no longer get rich by accumulating money substitutes; one can only get deeper into debt. Money no longer exists. Most Americans haven't been paid any real money in almost seven decades and, having said that, it's no mystery why people always feel broke and financially destitute.
Essentially, Federal Reserve Notes are unsigned checks written on a closed account. FRN's are an inflatable paper system designed to create debt through inflation or the devaluation of currency. Whenever there's an increase in the supply of money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs. This is why so many people are afraid that, in the long run, the recent stimulus bills will only contribute to a possible collapse of the current financial system, at home and abroad.
Inflation is actually an invisible form of taxation that misguided governments inflict on their people. The Federal Reserve Bank who controls the supply and movement of FRN's has everybody fooled. The Federal Reserve has access to an unlimited supply of FRN's, paying only for printing costs. The FRN's are nothing more than promissory notes for U.S. Treasury securities that promise to pay a given debt to the Federal Reserve Bank.
It's also important to note that there's a significant, fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance, but with FRN's you only discharge a debt. You can't pay a debt with a debt currency system in place and that's exactly what we've had since 1933.
A fair question is to ask simply, why? Why would our government deliberately force the nation into it's current insolvent position and what's the real implications. The Federal Reserve Bank, the Emergency Banking Act, and the suspension of the gold standard, were all orchestrated to achieve the greater goal of absolute control of the masses by money.
Now, when you're contemplating the world's state of affairs, keep the real facts in clear sight and mind. Our leaders have to be honest with us before a real solution can be found. Ultimately, there's no question that we need to return to a monetary standard that involves tangible assets and commodities, but until that happens our leaders will continue lying to us, implementing band-aid solutions, and destroying the global economy. The only way to start making a difference is to learn more about these topics and, through better understanding, we can all start demanding better from our government and holding them accountable.
It's very important and critical to understand the difference between the pre-1933 and post-1933 financial systems, or more accurately the difference between real money and paper money substitutes. A person can no longer get rich by accumulating money substitutes; one can only get deeper into debt. Money no longer exists. Most Americans haven't been paid any real money in almost seven decades and, having said that, it's no mystery why people always feel broke and financially destitute.
Essentially, Federal Reserve Notes are unsigned checks written on a closed account. FRN's are an inflatable paper system designed to create debt through inflation or the devaluation of currency. Whenever there's an increase in the supply of money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs. This is why so many people are afraid that, in the long run, the recent stimulus bills will only contribute to a possible collapse of the current financial system, at home and abroad.
Inflation is actually an invisible form of taxation that misguided governments inflict on their people. The Federal Reserve Bank who controls the supply and movement of FRN's has everybody fooled. The Federal Reserve has access to an unlimited supply of FRN's, paying only for printing costs. The FRN's are nothing more than promissory notes for U.S. Treasury securities that promise to pay a given debt to the Federal Reserve Bank.
It's also important to note that there's a significant, fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance, but with FRN's you only discharge a debt. You can't pay a debt with a debt currency system in place and that's exactly what we've had since 1933.
A fair question is to ask simply, why? Why would our government deliberately force the nation into it's current insolvent position and what's the real implications. The Federal Reserve Bank, the Emergency Banking Act, and the suspension of the gold standard, were all orchestrated to achieve the greater goal of absolute control of the masses by money.
Now, when you're contemplating the world's state of affairs, keep the real facts in clear sight and mind. Our leaders have to be honest with us before a real solution can be found. Ultimately, there's no question that we need to return to a monetary standard that involves tangible assets and commodities, but until that happens our leaders will continue lying to us, implementing band-aid solutions, and destroying the global economy. The only way to start making a difference is to learn more about these topics and, through better understanding, we can all start demanding better from our government and holding them accountable.
