The Bankruptcy of The Speaker-Rep. James
Traficant, Jr. ( "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 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 Gold and silver were
such a powerful money during the founding of the 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). Whenever 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 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 In return, the Federal
Reserve System agreed to extend the federal Unwittingly, 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 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
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