Building economic sovereignty can be a stumbling block for people who have lived their entire lives in “debt (Ø)”, never having been paid real “money ($)” in their entire lives, never having acquired tangible assets, investments, land, property or real estate sufficient for financial independence and freedom. May we be relatively independent from the rapidly emerging New World Order for our “right livelihood” and survival.
These obstacles must be overcome as all “seven aspects of sovereignty” must be reclaimed and restored to become completely free once again, namely, physical, mental, emotional, spiritual, economic, legal and political sovereignty.
Fear, victim mindsets, co-dependency, non-responsibility and entitlement programs are pervasive in the contemporary human psyche, while the attitudes behind these “victim” mindsets must be transformed into “sovereign” mindsets. Attitude is everything.
As Fredric Lehrman aptly taught in his audio course Prosperity Consciousness, if one feels unworthy of having wealth, and of having choice, then certainly one will not. If one does not believe that there is enough for everyone, then certainly there will be scarcity and struggle.
“The best way to help the pooris to not be one of them yourself.”
Finding Right Livelihood
Achieve economic sovereignty via “right livelihood”, an integral expression of your own talents and skills, what you love to do, both ethically and morally. Managing your own business instead of working for someone as an “employee”, is the preferred, realistic method for achieving financial independence, awareness and freedom. Obligation and debt are poor companions.
Assess your current financial and economic condition. Be honest. Inventory your debts, resources, talents, skills and dreams. What motivates you? What excites you enough to get out of bed in the morning and be self-motivated and self-disciplined? How can you be of greatest service to others?
Assess your ability to make a contribution, your capacity to generate a viable livelihood for yourself and for your family while providing goods and services that are needed and wanted in the local and regional economy.
Achieving these goals may not happen overnight. It takes time to break down old belief structures and mindsets that have limited ones potential. Be patient. However, stay focused and energized on your objective of being economically sovereign, free and financially responsible for your own business.
If you are an “employee” working a job consider starting your own business, at first part time or on the side. In the long run, you will have more options for success working your own business than working for someone else. Become an entrepreneur.
Become independent of“employee” status as soon as possible, or be prepared to educate your “employer” and exercise other tax-reduction strategies, if you choose.
Create, then extend a beautiful imagination of what is possible into the world around you, then provide quality goods or services. Create and commit to an action plan so as to manifest your objectives and goals. Commit to frugality while living as debt-free as possible. Create a community of family, friends and neighbors to support your mutual goals.
Deregulate or Abolish the Federal Reserve
May we either deregulate or abolish the Federal Reserve Bank (FRB) monopoly over “legal tender (Ø)”, and restore a constitutional “money ($)” system as required by the U.S. constitution. The U.S. Treasury could issue interest-free U.S. Notes, then spend those into circulation, perhaps backed by gold and/or silver, as well as an index of multiple commodities.
However, it is extremely unlikely to do so since the Federal Reserve Bank (FRB) is in control of the U.S. Treasury as well. U.S. President Donald J Trump quietly took control of Federal Reserve Bank (FRB) during his term in office in 2020 without any fanfare or massive media exposure.
In a cunning move, the U.S. President is in complete control by simply absorbing the FED into the U.S. Treasury Department. This may take some time to sink in. However, this may be a pivotal moment in the “United States”.
References:
Sourced from Bruce Cockburn’s Stealing Fire.
NIghtingale-Conant | Prosperity Consciousness by Fredric Lehrman (audios).
Quote by Johnny Liberty.
Liberty International Blog | Trump takes control of the Federal Reserve Bank under the U.S. Treasury with Michael Telling.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.65 – 66
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Before a central bank and before the Federal Reserve Bank (FRB), the federal U.S. government corporation had to live within its means. And it did so for 126 years with few exceptions (1789 – 1915). Imagine that!
1789 – 1860 – The federal U.S. government was virtually debt-free with a balanced budget until the Civil War.
1861 – 1865 – There was a proportional three-fold increase in the size of both outlays and the government, and five-fold increase in federal U.S. debt during the Civil War years.
1866 – 1915 – The size of the outlays and federal U.S. debt stabilized after Civil War, and the debt was paid off
Direct Veto Power Over Government Spending
The Founders knew what they were talking about when they vehemently opposed a central bank at the beginning of the constitutional Republic. When the federal U.S. government needed to borrow to finance this project, or that, to declare war, it had to borrow directly from the people by selling government securities (i.e., U.S. savings bonds or U.S. war bonds). Thus, We the People had a direct veto power over the spending policies of the United States and their political subdivisions.
These checks and balances did not please the European central bankers, as it did not make them any substantial profits. They were accustomed to arranging wars as they pleased. So the Federal Reserve Act of 1913 was created and foisted on the American people with the worst of intentions.
The Federal Reserve Act of 1913 offered an unlimited credit line to the federal U.S. government corporation which bypassed the will of the people and their respective states. , Since then, the federal U.S. government corporation has borrowed directly from the Federal Reserve Bank (FRB), forcing the American people to indirectly lend them the funds without their knowledge or consent, but nonetheless obligating them to pay the federal/national debt through the imposition of an “income tax”.
This is the fundamental evil of “monetizing the public debt (Ø)”. It no longer mattered what the We the People wanted. The international central bankers were now in control of the American political machinery, and they have been ever since.
References:
Creature from Jekyll Island by Edward G. Griffin (American Media, 1994); Amazon
Critical Path by R. Buckminster Fuller, (St. Martins Press, New York, p. 81); Amazon
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.62. 63
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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom (3rd Edition) (Printed, Bound Book or PDF)
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Anyone with basic arithmetic skills can understand that in a debt-based “fiat (Ø)” paper currency system, one can never balance the budget or pay the “debt (Ø)” . One can only expand the economy by expanding the debt, thus giving the appearance of prosperity and progress for all. So what is all the budget balancing fuss in the halls of U.S. Congress really about? A “balanced budget”amendment is an essential requirement if the “money ($)”system is ever to be restored under the U.S. constitution.
DEBT CAN NEVER BE PAID
Burdening the Public with Debt
The U.S. government’s practice of burdening the public with debt was astutely addressed by economist Henry George in 1904. People in debt are told that they are benefiting from their negative asset condition, but it is their children who suffer, he observed.
“The institution of public debts…rests upon the preposterous assumption that one generation may bind another generation.” George recognized that foisting debt upon the public is an exercise that would involve “a flagrant contempt for the natural and unalienable rights of humanity.”
George wrote that drawing on wealth that has not yet been created not only robs our progeny, but creates dangerously concentrated power in the hands of government and banks that is certain to be abused. The only ones who gain by such an arrangement are “those who get control of governments.”
These Power structures are able to amass massive sums clandestinely this way, because outright taxation to acquire the prodigious amounts that they want would immediately arouse indignation, resistance and revolution.
EXPONENTIAL DEBT CURVE
U.S. Federal / National Debt
The official tally of the Ø30.4 trillion U.S. federal debt (2022) is actually much closer to Ø168.9 trillion if you include unfunded liabilities and entitlement programs. During government budget crisis shutdowns, the debt ceiling is raised in yet another undeclared bankruptcy of the federal U.S. government. The U.S. Debt Clock provides current statistics online and what “fair share” of the federal/national debt is estimated to be yours. www.usdebtclock.org
The National Debt (federal deficit) grows exponentially every second, with interest compounded daily. Total U.S. Debt per Citizen is Ø91,319 dollars (2022) or Debt per Taxpayer is Ø242,500 dollars (2022) compared with merely $131 U.S. Debt per Citizen in 1930. Interest on the debt alone is Ø3.7 trillion (2022) while federal spending is Ø6.3 trillion (2022). Keep in mind that the federal/national U.S. Debt does not include personal or household debt accrued from banks and credit cards.
Dipping Into Social Security Trust Funds
Back in the 1990s, former U.S. Secretary of Treasury Robert Rubin admitted that borrowing funds from the Social Security Trust Fund keeps the government afloat; “a simple electronic entry”, he called it.
Unfortunately, there is no actual account to hold Social Security Trust funds safely out of reach of government officials. As money funnels into the U.S. Treasury, it lands in a general fund. When that U.S. Treasury fund is empty, anything borrowed from any source is just an electronic entry. Therefore, it is no surprise that so many funds have simply gone missing and unaccounted for.
Investment banker and chairman of the Council of Foreign Relations (CFR), Peter G. Peterson announced on CSPAN in 1994 that the U.S. government had borrowed trillions from the Social Security Trust Fund.
Off Budget Expenses
How many dollars have been raided from the government’s forty-seven (47) trust funds? These are hidden debts which the government cleverly terms as “off-budget” and “unfunded liability” items.
The federal/national debt also rises due to “black budget” expenditures which fund an array of the nation’s huge intelligence and national security apparatus. These enormous budget items are off limits to scrutiny for reasons of “national security”. Not even the U.S. Congress or the U.S. President are aware of these expenditures or where the funds go. Another contributing source of the federal/national debt are underfunded programs such as the federal U.S. government employee pension plan which has been shortchanged to the tune of several trillion dollars.
Do the math, add all these numbers up in a calculator, toss in a hundred trillion or so for waste, theft and corruption and the total federal debt is in excess of $300 trillion or more.
National Debt Clock www.usdebtclock.org; The Wall Street Journal, Tuesday January 31, 1995, page A-18, A Boon for the Constitutional Bar by Mr. Tofel; From Balancing the Budget…the Facts by John William Kurowski.
Government Employees Pension Fund: www.gepf.gov.za; Media Bypass Magazine, April 1996.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.60 – 62
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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom (3rd Edition) (Printed, Bound Book or PDF)
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Bretton Woods Agreement and the International Monetary Fund (IMF)
Sixteen nations declared bankruptcy after World War I at the first Bretton Woods Agreement (1930). The Geneva Convention Treaty of 1930 declared that all international bankruptcy treaties were supreme over federal law, and the U.S. Constitution. No treaty with a foreign country or legal entity can supersede the U.S. Constitution, except in cases of bankruptcy.
The International Monetary Fund (IMF) and the World Bank (WB) were outgrowths of the Bretton Woods Conference (July 22,1944), aka The Final Act of the United Nations Monetary and Financial Conference. This was the same year that the United Nations (UN) was founded.
Over 100 nations declared bankruptcy in 1947 and formed a new “fiat (Ø)” paper currency system under the leadership of the federal U.S. government, the Federal Reserve Bank (FRB), and private international central bankers. The entire monetary system of the “United States” was subverted and usurped by agents of foreign principals/creditors.
Secretary of Treasury as Receiver in Bankruptcy
The Secretary of Treasury, as the Chief Financial Officer (CFO) of the federal United States corporation, is the “receiver (Ø)” in bankruptcy (Reorganization Plan #26, 5 USC 905, Public Law 94-564).
The federal U.S. government corporation is a front office for the principals-creditors, the Federal Reserve Bank (FRB) (see Foreign Agents Registration Act of 1938; 22 USC 286 et seq., 263(a), 285(g), 267(j), 611(c)(ii) and (iii); Rabinowitz v. Kennedy, 376 U.S. 605; 11 L Ed 2d 940; 18 USC 219, 951; Treasury Delegation Order #91). This means that the Federal Reserve Bank (FRB) is also bankrupt under receivership of the International Monetary Fund (IMF).
The Secretary of Treasury and U.S. Department of the Treasury no longer exists, except in name only. The current Secretary of Treasury is not the same office as the Treasurer of the united states of America. Search for an appointment in the public record including the Congressional Record and the United States Code (USC). You will not find one for the Secretary of the Treasury. Upon careful examination, you will find an appointment for the Secretary of the Treasury as an alien, corporate Governor of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank), among other international appointments.
For example, U.S. Secretary of the Treasury Robert Rubin’s predecessor, former Senator Lloyd Bentsen of Texas, is listed in the Weekly Compilation of Presidential Documents on January 28, 1993 under Nominations Submitted to the Senate as follows: “Lloyd Bentsen of Texas, to be U.S. Governor of the International Monetary Fund for a term of five years; U.S. Governor of the International Bank for Reconstruction and Development for a term of five years; U.S. Governor of the Inter-American Development Bank for a term of five years; U.S. Governor of the Asian Development Bank; U.S. Governor of the African Development Bank; and U.S. Governor of the European Bank for Reconstruction and Development.”
Governors of the International Monetary Fund (IMF)
The Governor of the International Monetary Fund (IMF) is the current and only Secretary of the Treasury. State Governors are also regional Governors of the International Monetary Fund (IMF). These are front men for the foreign principals/creditors of the federal U.S. government corporation. They are agents of a foreign principal pursuant to 22 USC §611, 612. They are directed, controlled, financed and subsidized by a foreign power that has nothing whatsoever to do with the united states of America.
5 USC §3331. Oath of Office
So how can a State Governor serve both the financial interests of the International Monetary Fund (IMF), and make an oath of allegiance to the U.S. Constitution? They cannot. This is profound contradiction.
Under 5 USC §3331, each individual elected or appointed to an office of honor or profit in the civil service or uniformed services, must take an oath to uphold the U.S. Constitution against all enemies foreign and domestic. Nobody can serve two masters. Acceptance and holding of any government office or employment must not violate 5 USC §7311.
5 USC §7311. Loyalty and striking
An individual may not accept or hold a position in the Government of the United States or the government of the District of Columbia (D.C.) if he:
Advocates the overthrow of the constitutional “Republic” of the united states of America.
Is a member of an organization that he knows advocates the overthrow of the constitutional “Republic” of the united states of America.
However, under federal law, the Secretary of the Treasury, appointed by the U.S. President, cannot be employed by the federal U.S. government corporation. Neither does the Secretary of the Treasury receive any salary from the federal U.S. government corporation.
In fact, the Secretary of the Treasury is paid directly by the International Monetary Fund (IMF). The IMF also pays the salaries of federal judges, U.S. Attorneys and U.S. Marshals. Why are these purported government appointees being paid by a foreign entity? To whom do they have allegiance? Government officials cannot serve two masters.
22 USC §283(a). Appointment of officers; term of office; salary
The U.S. President, by and with the advice and consent of the U.S. Senate, shall appoint a Governor of the Federal Reserve Bank (FRB) and an alternate for the Governor. The term of office for the Governor and the alternate Governor shall be five years, but each shall remain in office until a successor has been appointed.
22 USC § 283(c). Compensation
No person shall be entitled to receive any salary or other compensation from the “United States” for services as a Governor, alternate Governor or executive director.
5 USC §782, now repealed, explains why these appointees are not being paid by the federal U.S. government corporation directly. Acceptance of funds or a salary would be sufficient evidence and cause for indictment for treason.
Of course, there still is the element of fraud. Did anybody ever tell you that they are working for a foreign principal-creditor? Do you still wonder why many appointees in government appear to be acting in another’s best interest, other than yours? Now, we would be curious as to who actually pays the salaries of the U.S. Congress? Follow the money, and the truth shall be revealed.
“The giving, loaning, or promising of support or money or any other thing of value for any purpose to any organization shall be conclusively presumed to constitute affiliation therewith.” ~ 5 USC §782
WHO IS CENTRAL AUTHORITY?
United States Participation in INTERPOL
The federal U.S. government corporation began participation in the International Criminal Police Organization (INTERPOL) in 1938, designating the U.S. Attorney General as the official representative to the organization.
The Massacre of the Branch Davidians in Waco, Texas was in part an INTERPOL operation spearheaded by U.S. Attorney General, Janet Reno. Having an international organization involved in a domestic dispute should enlarge the bigger picture of what is actually going on behind the scenes.
The U.S. Attorney General officially designated the Secretary of the Treasury as the U.S. representative to INTERPOL in 1958. The U.S. Attorney General is the “permanent member” to the Secretariat of the Interpol Operation, and the Secretary of Treasury the “alternate permanent member”.
Representatives to INTERPOL must, pursuant to Article 30 of the Constitution and General Regulation of Interpol (22 USC §263 (a)), renounce their allegiance to their respective countries and expatriate.
Therefore, the U.S. Attorney General and the Secretary of the Treasury have renounced their allegiance to the united states of America. One cannot serve two masters. The International Monetary Fund and World Bank are agents for the principals-creditors of the federal U.S. government corporation, therefore are not subject to the limitations of the U.S. constitution.
> TREASON – Offense of attempting by overt acts to overthrow the government of the state to which the offender owes allegiance; or of betraying the state into the hands of a foreign power (international bankers).
> SEDITION – Knowingly becoming a member of any organization that advocates the overthrow or reformation of the existing form of government of this state by violence or unlawful means.
Consequently and conclusively, all federal U.S. government officials, congressmen, senators, politicians, judges, attorneys, law enforcement personnel, the corporate “States”, and their various agencies, are all express agents of the foreign principals-creditors who have bankrupted and stolen the united states of America through “fiat (Ø)” paper money currency banking, fraud and treason. Ask yourself if you dare, “Is this treason?”
“I know no safe depository of the ultimate powers of the society but the people themselves and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform them.”
U.S. Congressional Record, Weds., March 17, 1993, Vol. #33, p.H1303 (bankruptcy of the federal United States documented); Foreign Agents Registration Act of 1938, 22 USC §286 et seq., 263(a), 285(g), 267(j), 611(c) (ii) and (iii); Rabinowitz v. Kennedy, 376 US 605; 11 L Ed 2d 940; 18 USC §§219, 951; Treasury Delegation Order #91; See also Article IX §3 of the Articles of Agreement of the IMF which has been made effective in the United States by the Bretton Woods Agreements, 22 USC §§286(h) et seq; Wikipedia
GovInfo | U.S. Government Manual, 1993/1994 edition, p.390.
U.S. Congressional Record, March 17, 1993, Vol. #33, p. H1303 (bankruptcy of the federal United States documented); Government’s Liberty…Brings Death To Freedom, p.43, 137; Article 30 of the Constitution and General Regulation of Interpol; 22 USC §263(a) (US Attorney General and Secretary of the Treasury have pledged allegiance to foreign principles); Jeff Ganaposki, Patriot Primer #2, (Living Word, pp.77-87).
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.55. 58
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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom (3rd Edition) (Printed, Bound Book or PDF)
This comprehensive book, goes far beyond the immediate impact of the “pandemic”, but, along with the reader, imagines how our human world may be altered, both positively and negatively, long into an uncertain future. Available Now!
Federal Reserve Banking System Operates Under Emergency Powers
Federal law (12 USC §95) forbids member banks of the Federal Reserve Banking System to transact banking business, “except under regulations of the Secretary of the Treasury during an ‘National Emergency’ proclaimed by the U.S. President”. If or when the Emergency and War Powers Acts are lifted all Federal Reserve Banks (FRB) will cease to operate.
The Code of Federal Regulations (CFR), the Parallel Index of Rules and Authorities, which begins on page 751 of the 1995 Index shows that the Federal Reserve Bank (FRB) is an agency of geographical United States, and that it has never had legitimate authority applicable to the state republics and the people of the united states of America.
The only published regulation which supports 12 USC §95a, section 5(b), of the Trading With the Enemy Act of 1917 pertains to customs. The other under Title 31, is held in reserve. There exists no regulatory application for Congress’s approval of “National Emergency” powers granted to the Executive via 12 USC §95(b).
Likewise, there are no regulations applicable to the state republics or to the people of the united states of America for the statute which authorizes federally chartered financial institutions to monetize public and private assets with ledger-book creation of debt. There is no regulation extending the Federal Reserve Note (FRN) as legal tender for payment of debt to the state republics (12 USC §§411 and 412).
This is further verified by regulations pertaining to federal tax and loan depositaries at 31 CFR §202 et seq. “United States” chartered financial institutions traffic exclusively in “public money (Ø)”, which is treated extensively in Chapter 10 of Title 31, United States Code.
By definition, fiat money (Ø) and paper currency are obligations of the United States which can legally be in the custody of agencies of the United States and officers, agents and employees of United States agencies. This definition supports the theory that any use of Federal Reserve Notes (FRN’s) implies an adhesion contract that binds a U.S. citizen to the federal U.S. system.
BANKING UNDER EMERGENCY POWERS
Federal Reserve Notes Not Redeemable
Public Law 90-269, issued March 18, 1968, declared that Federal Reserve Notes (FRNs) are not redeemable. Public Law 95-147, 91 Stat. 1227, issued October 28, 1977, declared that all “United States” banking institutions, including State banks, were under the control and direction of the Governor of the International Monetary Fund (IMF).
Furthermore, as declared in section 10(a) of the Gold Reserve Act of 1934 is amended by striking out the phrase “stabilizing the exchange value of the dollar”. The Act states that the Joint Resolution to assure uniform value to the coins and currencies of the United States shall not apply to obligations of the United States issued after the date of enactment.
International organizations, corporations and associations who had refused to pay their debts determined they could pass the loss of their non-redeemable, non-current notes, bonds and other evidences of debt to others, and therefore crown the fraud of the “money trust” with complete success.
United States Banking in Receivership
Several federal U.S. District court decisions have placed the entire U.S. banking system into “receivership” which is prima facie evidence of the U.S. bankruptcy of 1933. During the New Deal era, when banks were first federalized, they did not register with the Secretary of State of each sovereign Union state.
In conclusion, every U.S. commercial bank has been operating illegally since 1933. All loans, interest and foreclosures since then have also been illegal contracts (e.g. National Banking Association, Farm Credit System).
The Federal Reserve Bank (FRB) was being absorbed into an entity called the Federal Banking Commission (FBC) though no supporting documentation can be found. The Federal Banking Commission (FDC) is comprised of Seven Governors including the Secretary of the Treasury, the Chairman of the Federal Reserve Bank (FRB), and the chairman of the Federal Deposit Insurance Corporation (FDIC).
This Federal Banking Commission (FDC) will abolish seven systems, including the Federal Reserve Bank (FRB), the National Banking Association, Thrift Associations and the Federal Deposit Insurance Corporation (FDIC), though the names might be retained for awhile. U.S. Congressman Henry Gonzalez (D-TX) had addressed the U.S. Congress and told them about the reorganization plan.
The Federal Deposit Insurance Corporation (FDIC) no longer protects United States commercial banks. National banks have recently de-federalized, returning to their state charters. Banks without state charters will close. Deposits are no longer guaranteed by the bankrupt FDIC.
Astronomical Amounts of Missing Money
The Federal Reserve Bank (FRB) and their member banks are using U.S. government funds as are corporate contractors that run the payment systems. Wall Street firms are selling U.S. government securities without full disclosure, according to Mark Skidwell.
Catherine Austin Fitts warned the people of the united states of America and global investors about mortgage fraud at the US Department of Housing and Development (HUD), the engineering of the housing bubble that led to trillions more dollars in bailouts and trillions of U.S. dollars missing and unaccounted for from US government agencies beginning in fiscal 1998.
GovInfo | Public Law 90-268 (March 18, 1968) Public Law 95-147, 91 Stat. 1227 (October 28, 1977)(all American banking institutions were under the control and direction of the IMF) s; Jeff Ganaposki, Patriot Primer #2, (Living Word, p.99).
Solari | $21 Trillion dollars is missing from the US government. That is $65,000 per person – as much as the national debt; The Financial Coup (video) with Mark Skidwell.
Wikipedia | U.S. Constitution [1:9:7]. No money shall be drawn…
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.52. 54
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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom (3rd Edition) (Printed, Bound Book or PDF)
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“Mister 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.” ~ James Traficant, Jr. (D-Ohio) addressing the House on Wednesday, March 17, 1993, U.S. Congressional Record, Volume #33, page H1303
Shifting from Statesmen to Politicians
Since the passage of the Federal Reserve Act of 1913, the federal U.S. government corporation has continued to this day to borrow and spend without limit or accountability. Trillions of “dollars (Ø)” are missing and are unaccounted for by the General Accounting Office (GAO). Executive Departments and U.S. government agencies have embezzled funds and refused to track where the “money (Ø)” authorized by the U.S. Congress was spent.
Historically speaking, power hungry, money-crazed, “elected representatives” in the U.S. Congress, the supposed guardians of the constitutional Republic, took only 20 years (1913 – 1933) to bankrupt the federal U.S. government corporation the first time. Then they “sold out” the united states of America to its foreign principals-creditors. This was the day when statesmen/stateswomen, who loved this country more than their own self-interest, became corrupt politicians instead.
In 1933, the federal U.S. government corporation declared bankruptcy for the first time by Presidential Proclamation (PP) #2039, issued March 6, 1933, and Presidential Proclamation (PP) #2040, issued March 9, 1933, which temporarily suspended all banking transactions by member banks of the Federal Reserve Bank (FRB). Normal banking functions were resumed on March 13, 1933 subject thereafter to new restrictions.
These Presidential Proclamations (PPs) took effect after U.S. President Franklin D. Roosevelt declared a “National Emergency” pursuant to Executive Orders (EOs) # 6073, 6102, 6111, and 6260 (see Senate Report 93-549, pp. 187, 594; 5 USCA§903) under Trading with the Enemy Act of 1917, codified 12 USC 95a; HJR 192 of June 5, 1933; confirmed in Perry v. U.S. (1933), 294 U.S. 330-381 and 31 USC 5112, 5119.
THE FIRST OF MANY UNDECLARED U.S. BANKRUPTCIES
Foreclosure of U.S. Government Corporation
Without advance notice, the Federal Reserve Bank (FRB) effectively foreclosed on the U.S. Department of the Treasury in 1933 and demanded gold ($) to satisfy the interest payment on the debt obligations incurred since 1913. On June 5, 1933, the U.S. Congress enacted House Joint Resolution (HJR) 192 to suspend the gold standard indefinitely.
“Whereas the holding or dealing in gold affects the public interest, and are therefore subject to proper regulation and restriction; and whereas the existing ‘national emergency’ has disclosed that provisions of obligations which purport to give the obligee (Federal Reserve Bank) a right to require payment in gold.”~ House Joint Resolution (HJR) 192
Suspension of Gold Standard and Confiscation
In 1933, the Department of the U.S. Treasury (U.S. Treasury Department today) was emptied of its gold, including all its gold in the legendary Fort Knox. The gold was immediately deposited in the Federal Reserve Bank (FRB). Every state in the Union went bankrupt as well by pledging their good faith and credit (future productivity) to aid the federal U.S. government corporation.
The Federal Reserve Bank (FRB) directed U.S. President Franklin D. Roosevelt to declare a “National Emergency” and prohibit the private ownership of gold ($) within the federal United States for U.S. citizens. U.S. citizens subjected to federal jurisdiction were ordered to deliver their gold immediately to the nearest Federal Reserve Bank (FRB) by Executive Order (EO). #6102
Although, by law, Executive Order (EO) #6102 applied only to U.S. citizens and federal government employees, other American National or sovereign “state” citizens complied (as they didn’t know any better) and handed over their real money ($) in exchange for a paper money substitute (Ø).
If you wonder why you do not have any real “money ($)”, it is because you are being robbed in broad daylight by the international “banksters” and the principals-creditors of the U.S. government corporation. Most people hardly even noticed back then until it was too late, and fewer still realize it is happening again today.
Incapable of Ever Paying Debt
Since House Joint Resolution (HJR) 192, the American people have not been capable of lawfully paying a debt. We can only exchange and transfer debt from one party to another which is what we do when we buy or sell real estate, products or services with Federal Reserve Notes (FRNs).
No debt personal or federal can ever be fully paid back. The federal/national debt and obligation to its creditors is perpetual, growing exponentially and lasting in perpetuity (until bankruptcy do us part and the federal U.S. government closes its doors forever).
“If we do not change our direction, we are likely to end up where we’re headed.” ~ Chinese Proverb
UN-PAYABLE DEBT
Profound Shift from Substantive Common Law
The indefinite suspension of the gold standard and prohibition against the payment of debts due to the fiat (fictitious) nature of the money supply, also altered the legal concept of “substance ($)” from the “Common law” jurisdiction. The profound impact of this is rarely considered. This shift from a “gold ($)” standard to a fiat “money (Ø)” supply shifted the very foundation of the entire American legal system.
Political, economic and legal systems are all interconnected and linked together. A shift in one, must then shift the context of the others with considerable effort and remarkably vast, stealthy, systemic coordination.
Under the “Common law” jurisdiction “money ($)”, for example, “gold ($)” or “silver ($)”, is lawful “substance ($)”or consideration, which was necessary for sealing a legal contract and transferring absolute “allodial” title to land. Each “Common law” contract was backed by lawful “substance (Ø)”which sealed any “Common law” contract with a minimum of $21.00 of silver, or lawful consideration.
After the first U.S. bankruptcy was declared in 1933, and the gold standard suspended indefinitely, this long standing foundation of “Common law” contracts was undermined and eventually replaced with “statutory” contracts that were and are outside the bounds of the U.S. constitution.
Lawful “money ($)” was replaced with a National Public Credit System where debt money or Federal Reserve Notes (FRNs)(Ø) would be defined as “legal tender (Ø)” to “discharge (Ø)” debts instead of real “money ($)”, once again, “gold ($)” or “silver ($)”. By implication, “Common law” was also suspended along with the gold standard indefinitely, as there was no real “money ($)” left in circulation to execute any action in law. Thus, this first U.S. bankruptcy resulted in a coup d’etat of the political, economic and legal systems.
“Except in matters governed by the federalConstitution or by Acts of Congress, the law to be applied in any case is the law of the state…there is no general federal Common law.” ~ Erie R.R. v. Thompkins, 304 US 64 (1938)
The idea of an “un-payable” debt, a “debt (Ø)” in perpetuity which can never be paid off, exists exclusively in the “Admiralty/Maritime”jurisdiction. This implies an international contract that compels specific performance.
The “principal/creditor” in the fashioning of this “federalized Common law” is the “Admiral”, a “Sovereign Power” enlarging their powers and jurisdiction over the constitutional Republic as a result of public policy declared in HJR 192. The limited liability for payment of perpetual debt falls under the “federal law merchant” and the law of Admiralty/Maritime because of the subject matter, and the nature of the cause of the action.
Thus, both the state and federal constitutions, and Common “law of the land”yielded to the “Admiralty/Maritime”, the “law of the sea”. The federal U.S. government corporation chose another “Sovereign Power” as their “Master”. Since that ill-fated day in 1933, the “Sovereign Power” has no longer been the people of the united states of America as was intended by the Founders.
The Admiral is King of the United States
The “Admiral”, and whoever or whatever entity they personify, is the new “King/Queen of the United States”. The national sovereignty of the “United States” has been effectively and invisibly transferred to the foreign principals/creditors of the federal U.S. government.
There have never been any constitutional provisions for this occurring. Nonetheless, this is exactly what has happened and is happening today. This is treason of the highest order, yet none of our leaders or “elected representatives” would dare to call it that (treason).
When the courageous U.S. Congressman Louis T. McFadden (R-PA) stood up to the mighty bankers and legislators in the 1930s, and brought impeachment charges against them, the indictments were buried in Committee and never came to the House floor for debate or consideration.
Later, McFadden was believed to have been poisoned for daring to tell the truth. Few of our “elected representatives” in Washington D.C. have dared tell the truth about the implications of the first U.S. bankruptcy of 1933.
In recent times, the outrageous, brave and courageous U.S. Congressman James Traficant, Jr. (D-Ohio) was indicted and imprisoned under false ethics charges for daring to address the U.S. Congress about the first U.S. bankruptcy in 1933, and numerous other bankruptcies since that fateful day.
The federal U.S. government corporation is perpetually “bankrupt (Ø)”. Our children will inherit this un-payable “debt (Ø)”, along with the tyranny to enforce it. Take an honest look around and tell me if this is not happening today.
CHALLENGE THE FEDERAL RESERVE BANK UNDER ADMIRALTY JURISDICTION
International Banksters
Many people not only lost their “gold ($)” in 1933, but were then paid only Ø.59 on the U.S. Dollar in worthless paper currency (Ø) when it was exchanged at the Federal Reserve Bank (FRB).
The U.S. Supreme Court upheld FDR’s radical policies due to his persistent threats to reorganize the judicial branch despite the Roosevelt Administration’s obvious unconstitutional acts. Under the Emergency Powers Act and Executive Authority of the U.S. President, the U.S. Constitution and the Common law were swept away with the stroke of a presidential pen. The “money trust” of the international bankers were firmly in charge.
The Banking Act of 1935 established the Federal Deposit Insurance Corporation (FDIC), booted out the U.S. Secretary of the Treasury and U.S. Comptroller of the Currency, then decreed that all profits of the Federal Reserve Bank (FRB) would be retained exclusively by the bankers.
If you did not realize this beforehand, you now know that the federal U.S. government corporation has been “bankrupt(Ø)”, financially, legally, judicially and morally ever since that fateful day.
Instead of making a necessary course correction of this grave constitutional error by repealing or amending the Federal Reserve Act of 1913 or challenging its constitutionality under the “Admiralty/Maritime” jurisdiction, despite a few courageous efforts to do so by U.S. Congressmen Ron Paul, the U.S. Congress has cowardly continued to allow this pyramid scheme, grand theft and property confiscation to occur without question or challenge.
Property confiscation has been accomplished through many methods including via excise and income taxes, social security taxes, probate and inheritance taxes; plus, inflationary monetary policies, devaluation of the paper currency, seizures, forfeitures, condemnations, malicious prosecutions and millions of bankruptcy proceedings.
Today, like in times past, the U.S. Congress continues to borrow, spend and squeeze until the people of the united states of American cry “Uncle”. Then, there is talk about “tightening the federal budget”,“balancing the budget”or “taxing the rich”, but then they go ahead, borrowing more and more.
Twice a year, the U.S. Congress must raise the debt ceiling and get permission from the Federal Reserve Bank (FRB) to do so. They must bow to their “Master”, the “Admiral”, to beg, borrow and spend more taxpayer “money (Ø)”. Every time they accomplish this, more land, property, real estate, assets, industrial capacity, and freedom are handed over to the foreign principals-creditors.
Both political parties, Republicans and Democrats, have perpetrated this travesty to this very day with little or no opposition.
LOSS OF NATIONAL SOVEREIGNTY
The True Cost is National Sovereignty
The true cost of funding the federal U.S. government corporation shopping spree for the exclusive profits of the private international banking cartel, all at public expense, has ultimately been the loss of national sovereignty for the “United States”, our lawful sovereign “state” Citizenship, the integrity of our political, economic and judicial systems and the complete loss of the U.S. Constitution with the Bill of Rights.
“I have never seen more senators express discontent with their jobs…I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to this wonderful country. Deep down in our heart,we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.” ~ John Danforth (R-MO)
As a principle of law, whenever the federal U.S. government, or any corporation or government, or any legal “person” declares bankruptcy, its sovereignty is effectively transferred to its principals-creditors who then determine how to distribute the assets.
By implication, the U.S. bankruptcy is nothing less than an abrogation of national sovereignty. As a “bankrupt (Ø)” entity, the federal U.S. government corporation no longer has any lawful authority to initiate civil or criminal actions. No “bankrupt(Ø)” entity can issue credit or make loans. All U.S. government loans, benefits and grants are frauds on their face.
Thus, after the first U.S. bankruptcy the constitutional court system was suspended along with the constitutional money system, and replaced with military tribunals operating under “Admiralty/Maritime” law. These proceedings are disguised as “statutory” law in courtrooms under the occupation of the “gold-fringe” military flag of the United States.
Consequently, the power and authority of the federal U.S. government corporation resides in the sovereignty of its principals-creditors, aka Central Authority, the Federal Reserve Bank (FRB) and its principals-creditors the International Monetary Fund (IMF) and the World Bank (WB).
All courts, federal, state and county, are effectively convened in “bankruptcy proceedings (Ø)” against United States “persons” and “citizens of the United States”. These proceedings are suing via the Uniform Commercial Code (UCC) in an “Admiralty/Maritime” jurisdiction.
Wikipedia and Cornell Law | Senate Report 93-459, pp. 187, 594 under Trading with the Enemy Act of 1917, codified 12 USC §95a; House Joint Resolution 192 of June 5, 1933 suspended the gold standard; confirmed in Perry v. United States (1933), 294 US 330-381 and 31 USC §§5112, 5119; Velma Griggs; Freedom SchoolThe Original 13th Amendment, Inyawe Trust Company p.48 (Treasury of the US and every State went bankrupt); California Assembly and Senate adopted Joint Resolution Number 26.
Government’s Liberty…Brings Death To Freedom, p.43 (Federal Reserve creditors are the sovereign powers).
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.47 – 52
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Each year the U.S. Congress declares yet another bankruptcy of the federal U.S. government corporation. Each time it must raise the “debt (Ø)” ceiling with the approval of the Federal Reserve Bank (FRB). Did you know that the Federal Reserve Bank (FRB) has the power to shut down most of the federal U.S. government indefinitely when the Board of Governors chooses not to approve an increase of the federal/national debt?
Who Is in Charge of the U.S. Congress?
So who do you think is actually in control of the U.S. Congress and the federal U.S. government corporation? The Federal Reserve Bank (FRB) is holding the federal U.S. government, “elected representatives” and federal employees, and We the People of the united states of America hostage through the FED’s credit and monetary policies. The principals-creditors who control the “money supply”, control the nation state.
The federal U.S. government corporation borrows and increasingly spends exponentially inflated and devalued paper currency at least twice each and every year. Even without an Act of Congress, “income tax” on “U.S. citizens” increase and properties are effectively confiscated via systemic inflation by those with power in the District of Columbia (D.C.)
Therefore, the federal/national debt continues to increase exponentially which the people of the united states of America are expected to pay one day in the future from their assets. Even though the 50 states are mandated by law to balance their annual budgets, unlike the FED, if you and I do not balance our household budgets, we end up on the streets.
This corrupt, federally mandated pyramid scheme is tantamount to treason, yet none dare call it such. However, this activity goes on and on year after year while both our leaders and We the people stand back and do nothing.
The federal U.S. government has been bankrupt numerous times since 1933. Our “elected representatives” and federal employees from both sides of the political aisle do not ever seriously address the issue of balancing the federal budget. Talk about balancing the budget is all lip-service. They will milk this cow until the country is foreclosed upon forever. The date of our inevitable demise is on the calendar and approaching very soon.
ECONOMIC GROWTH = ECONOMIC SLAVERY
A debt-based economy can only expand or grow by expanding and growing the federal/national debt. In a debt-based economy, it is impossible to balance the budget without eliminating the root cause of debt – namely, the Federal Reserve Bank (FRB). But dare to mention this fact on the floor of the U.S. Congress, and all the hairs on the back of the neck of our “elected representatives” stand up in vocal protest.
Whenever the U.S. Congress proposes a new federal budget and raises the debt ceiling, which is prima facie evidence of the federal U.S. bankruptcy, the Federal Reserve Bank (FRB) has the authority to deny credit to the government by simply not buying the bonds.
Prior to the Federal Reserve Act of 1913, the federal U.S. government had three options to finance its operations. First, the government could apportion a constitutional tax if all the state legislatures agreed. Second, the government could sell U.S. bonds to the American people. Third, the government could raise funds through import taxes and tariffs.
Prior to the Federal Reserve Act, We the People were oftentimes the masters of government via our “elected representatives” and by acting in our sovereign capacity as “state” Citizens.
If We the People did not choose to fund a particular war or government program, we told our “elected representatives” to veto the legislation or the apportionment. If we did not want to support a war, we did not buy U.S. Savings Bonds.
Between 1913 and 1933, the private international central bankers became the masters of government. What the government accomplished was to trade one master (We the People) for another (We the International Bankers). Unfortunately, We the People bought into this pyramid scheme and many lost their individual sovereignty and “state” Citizenship in the process.
Who Has the Power to Close Government?
Today, the Federal Reserve Bank (FRB) holds the absolute power to close most of the doors of the federal U.S. government by denying an increased credit line. That is a lot of power in the hands of foreign bankers with no constitutional authority to create “money (Ø)” in the first place.
What is happening in 2022 is that the Rothschilds central banking model, whereby all private property is confiscated for “communistic” purposes established by the central bank, and the people are enslaved by a perpetual un-payable “debt (Ø)”. Debt“money (Ø)” is the method by which free and independent state Republics are usurped, thereby replacing free states with fake democracies, while simultaneously destroying the people’s sovereignty and their “unalienable rights”.
“The Federal Reserve System was foundedprimarily to serve the special interestsof certain highly organized, politically influential groups within the banking industry. The [Seven Member] Board of Governors isappointed by the President and confirmed by the Senate,but five of the twelve members of the Federal Open Market Committeerepresenting the regional Federal Reserve Banks dictate our country’s monetary policy and are controlled by private, commercial banks. Thus private banks, serving special [elite] interests, control or influence public policy regarding the money that everyonein the United States uses.” ~ National Alliance for Constitutional Money
Balancing the Budget Can Never Happen
Unlike the federal U.S. government, the 50 state governments are constitutionally required to balance their budgets and accept no foreign bills of exchange, in other words, a “paper money substitute (Ø)”, although they are also failing to abide by constitutional requirements.
Today, the corporate “States” are no longer sovereign state republics, and the corporate “States” no longer function in their capacity as sovereign “states of the Union” in a constitutional Republic. Corporate “States” are merely subsidiaries or political subdivisions of the federal U.S. government corporation under the “Municipal laws” of the District of Columbia (D.C.) unless or until they “reclaim their state sovereignty”, stop obeying federal mandates, and/or refuse to accept federal funding.
Providing the federal U.S. government corporation is doing the bidding of the United States and European Power structures via the Federal Reserve Bank (FRB) and its principals-creditors (i.e., International Monetary Fund (IMF and World Bank (WB), etc.), the Federal Reserve Bank (FRB) has been more than willing to continue to expand the debt ceiling and “lend”, in other words “created from thin air”, the federal U.S. government as much essentially worthless, debt “money (Ø)” as they want.
As we have already learned, Federal Reserve Notes (FRNs) are a paper currency, a negotiable instrument, and are printed with ink on paper, or more often created electronically as ledger entries on licensed computers in a vault. This illusion of debt “money (Ø)” is an incredibly orchestrated lie, a fiction that many continue to believe. How much longer will We the Fools borrow ourselves into economic slavery?
“Banks lend by creating credit. They create the means of payment out of nothing.” ~ Ralph M. Hawtrey, Secretary of the British Treasury
“When you or I write a check (Ø) there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check (Ø) there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money (Ø) [irredeemable currency].” ~ Putting It Simply, Boston Federal Reserve Bank
“The Federal Reserve System pays the U.S. Treasury Ø20.60 per thousand notes— That equates to a little over 2 cents each with no regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury’s Bureau of Engraving and Printing, and the Ø20.60 per thousand price reflects the Bureau’s full cost of production. Federal Reserve Notes are printed in Ø1, Ø2, Ø5, Ø10, Ø20, Ø50 and Ø100 denominations only; notes of Ø500, Ø1000, Ø5000, and Ø10,000 denominations were last printed in 1945.” ~ Donald J. Winn, Assistant to Board of Governors, Federal Reserve System
Printing Money Out of Thin Air
Here is how “money (Ø)” is created out of thin air. The U.S. Congress claims that it needs Ø100 billion for some pork-barrel project sponsored by a few high-ranking U.S. Congressmen/Congresswomen, or U.S. Senators, who must appease the lobbyists who contributed campaign funds and, incidentally, wrote the legislation. Ahem.
After the legislation passes and is signed by the U.S. President, the U.S. Congress authorizes the U.S. Department of the Treasury to print bills or bonds as a “loan (Ø)” to the government. This is called “monetizing the debt”. In summary:
Funding starts in the U.S. Congress by borrowing bonds and issuing Treasury notes that other countries and large institutional investors must purchase.
If the U.S. Congress cannot borrow enough Treasury notes from investors, an officer goes to the Federal Reserve Bank (FRB), who then pulls out a checkbook, writes a blank “check (Ø)” from the FED’s checkbook for Ø100 billion from an account with “not one dollar” in it.
The government’s central bank account deposits Ø100 billion which accrues interest immediately to the Federal Reserve Bank (FRB) on “not one dollar” loaned. Then the government taxes the people via an income tax to pay the interest on the “loan (Ø)” directly to the Federal Reserve Bank (FRB). That is where your “income tax” money goes.
The government deposits the “check (Ø)” into their bank account and writes “checks (Ø)” to pay government workers.
For example, government writes a “check (Ø)” to a postal worker who deposits Ø1,000 into their checking account in a neighborhood, commercial bank.
The commercial bank puts the Ø1,000 into the bank’s reserve account and loans out Ø9,000 to its customers. This is “fractional reserve banking”.
For example, the postal worker’s commercial bank has created the Ø9,000 from thin air from the deposit of Ø1,000.
This goes on and on exponentially expanding the federal/national debt, thereby, fueling (fooling) the economy with “money (Ø)”created out of thin air.
Additionally, the U.S. Treasury prints Ø100 billion worth of Federal Reserve Notes (FRNs) at the cost of Ø0.02, or a few pennies more today, for each bill regardless of denomination. The U.S. Treasury walks down the hall to the Federal Reserve Bank (FRB) and offers to sell them for Ø0.02 each, regardless of denomination.
The Federal Reserve Bank (FRB) then walks down the hall, writes a “check Ø” from an empty account for Ø100 billion, and “loans (Ø)” the “money Ø” back to the federal U.S. government at face value of the FRN plus interest.
The U.S. government then spends the Ø100 billion in circulation. Federal Reserve Notes (FRNs) and “money Ø” are created when the “loan Ø” is made, interest collected and collateral is posted. The interest is on nothing given, nothing borrowed, nothing printed except “money Ø” from thin air.
For every FRN or “dollar Ø” in circulation, the federal/national debt with interest grows exponentially. We the People have collectively incurred this federal/national debt with interest at the prime rate of interest set by the FED.
Many believe that We the People are obligated to pay this un-payable “debt Ø”. However, that is only because we have been uninformed and asleep at the wheel of the world’s largest economy and have forgotten who we really are.
We the People are not obligated to pay an un-payable “debt Ø” that we did not authorize or incur knowingly and willingly in accordance with the the U.S. Constitution.
Remember, We the People are the “Sovereign Power” in the united states of America, not the private international banks, not the federal U.S. government corporation, except where we have delegated limited lawful authority via the U.S. Constitution with the Bill of Rights.
“A banker is a man who will loan you money if you can prove you don’t need it.” ~ Mark Twain
Eighteen Investment Recommendations
Establish solar, battery-based radio communications and other alternative, self-sufficient energy systems before a collapse of consumer buying power and the food supply system.
Decide to get out of personal “debt Ø”. Strive for your economic sovereignty and financial independence, despite the system.
Decide to reorganize every aspect of your life, including your business, job or occupation to achieve this goal. Know in your heart and soul that you are the master over your life. You are not an economic slave or subject to any government or their principals-creditors.
Decide to learn the freedom tools necessary to shift or maintain to where you would like to be in your life, family and business.
Decide to stop sending your hard-earned “money Ø” to any government that wastes your energy, or your productivity, while using your taxes for destructive purposes.
Engage in a free-enterprise business that is enjoyable and matches your skills, talents and aspirations. Discover how you can make a “right livelihood” (a Buddhist ideas) doing what you love, then serve others to build a better world.
Generate wealth and prosperity from hard work and productivity. Invest profits directly to generate more wealth. Take a portion of your surplus funds and contribute in a socially responsible, wise, prudent way to support your community.
Establish legal domestic, non-domestic and foreign entities with appropriate onshore and offshore banking for both your business and family.
Position 7%, or the current legal limit, of your assets safely and legally offshore in foreign entities, either Trusts, IBCs or S.A.s. Open up foreign bank accounts with debit cards, not credit cards. Do not authorize withholding 30% on foreign investments in domestic banks.
Invest 5%, or the current legal limit, of your “fiat currency Ø” in other national currencies for currency trading purposes.
Invest 20% in precious metals, for example, gold or silver, take physical possession, and secure them privately.
If you have an IRA, liquidated it now, and either self-direct the funds, or pay the tax penalties if necessary.
File and pay any lawful and legal taxes each year to the appropriate jurisdictions.
Rescind “adhesion contracts” that have kept you in contractual bondage with the government. For sovereign “state” Citizens, update land patents and reclaim “allodial” titles. Transfer titles into non-domestic or foreign entities whenever possible.
Minimize or refrain from using credit cards at high interest. Stop borrowing and purchasing items you do not have the “money Ø” to pay for. Live within your means.
Cash out of the volatile stock market. Then convert any stocks, bonds, mutual funds into tangible assets of real value.
Establish self-reliance on land paid for in full and protected from foreclosures or other sudden downturns in the economy.
Provide and stockpile basic needs for your family, friends and community, including water, medicines, seeds and food storage for two years of austerity measures. Grow edible, vertical gardens in any available space indoors.
References:
Wikipedia | Gramm-Rudman-Hollings Balanced Budget, and Emergency Deficit Control Act of 1985); Public Law 99-177.
Wikipedia | The World Almanac and Book of Facts, Phanos Books (1992) p. 139.
Bill Otten Blogspot | Peter T. White in National Geographic, Jan. 1993, The Power of Money (issues relating to the banking industry and the fraud therein).
Wikiquote | Ralph M. Hawtrey, Secretary of the British Treasury.
Putting it Simply published by Boston Federal Reserve Bank (out of print).
Sourced from a letter from Senator Mark O. Hatfield. Quote from Donald J. Winn, Assistant to Board of Governors, Federal Reserve System.
Wikipedia | Creature from Jekyll Island by Edward G. Griffin (American Media, 1998) Amazon,
The Securities and Exchange Commission (SEC) has no interest in policing the investments of money fund operators. Mutual fund companies have misrepresented their funds by investing in long-term debt instead of staying in short-term cash instruments, many have resulted in non-liquid portfolios and large losses. Avoid highly speculative investments or casino-style gambling.
Criminal Politics, June 1994 and American News Service, Winter ’95, p.4.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.39 – 45
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Since the Russian Bolshevik Revolution of 1917, an artificially contrived dialectic has dominated the minds of economists and politicians alike – Capitalism vs. Socialism/Communism.
Nowadays, we are still reeling under the presumptive remnants of this false dialectic as two philosophical schools of economics – the Keynesian and Monetarist – still dominate world finances.
The Keynesian school dictates the functions of the International Monetary Fund (IMF) and World Bank (WB) while Monetarism rules the Bank of International Settlements – the international Central Bank of the Group of Ten.
The Keynesian school advocates government involvement in regulating the economy, whereas, the Monetarist school recommends great restraint in expanding the money supply, since a reliable currency is the primary factor for maintaining a stable economy.
Article 1, Section 8, Clause 5 of the U.S. Constitution says, “Congress shall have the power to coin money, and to regulate the value thereof, and also, of foreign coin.”
Liberals, Progressives, Socialists, Fascists, and Conservatives have completely missed the point, according to Mark Evans, writing in Flatland Magazine. The issue that should have been getting political attention is “the struggle between the sovereign right of the people collectively, to create and control their own credit, and the paid political hirelings who have always served the vested interests of the banks and plutocracy.”
Missing Power to Monetize Paper
Mr. Evans asserts that this essential constitutional clause, Article 1, Section 8, Clause 5, was never fully put into effect. In hindsight, Thomas Jefferson had reservations about the matter. Jefferson wrote that his great regret about the U.S. Constitution was that it did not include a clause stating specifically that the U.S. Congress had the power to monetize paper.
Not monetizing paper was a political advantage the American colonists enjoyed for some time. Benjamin Franklin wrote that the American Revolution was fought in part because the British Crown suspended the rights of the colonies to print colonial scrip (their own paper money).
Mr. Evans says the much maligned and misunderstood U.S. Congressman Charles Augustus Lindbergh, Sr., (1859-1924), who based his radical economic theory on the U.S. Constitution, had broken away from standard economic rhetoric that was shaping the world in the early 1900s.
Mr. Evans believed that U.S. Congressman Lindbergh was probably approaching a simultaneously democratic and constitutional solution to the money problem. This is evidenced by the campaign to suppress his work, according to Evans.
Charles Lindbergh wrote, “The greatest of all the present social burdens is the excessive interest, dividends and rent charges levied on us by those who control centralized capital…the fruits resulting from the people’s toil…accumulated by the wealth absorbers who, by the current rules of government, possess the privilege of taxing all the people.”
References:
Wikipedia | Established in 1962, when the governments of eight International Monetary Fund (IMF) members, Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States, and the central banks of two others, Germany and Sweden, all agreed to make funds available to the IMF. In 1964, funds were used by the IMF to rescue the pound sterling. The G-10 grew in 1964 by the association of the eleventh member, Switzerland, then not a member of the IMF, but the name of the group remained the same.
Flatland Magazine (out of print) | Thanks to Mark Evans for his research and wisdom in these matters, especially his research into the works of U.S. Congressman Charles Lindbergh who had a serious handle on sustainable economics eighty years ago.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.38 – 39
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The Federal Reserve Bank (FRB) was originally based on the Vatican’s Canon law, and the principles of sovereignty established by the Declaration of Independence and codified in the U.S. Constitution with the Bill of Rights.
Federal Reserve as Joint Stock Trust
In fact, the private international bankers used a “Canon Law Trust” as their model, adding private stock and renaming it as a Joint Stock Trust. Eric Madsen asserted that it was a type of corporation.
In 1873, the U.S. Congress had passed a law making it illegal for any legal “person”to create a Joint Stock Trust. The Federal Reserve was legislated post-facto to 1870, despite the fact that post-facto laws were strictly forbidden by the U.S. Constitution [1:9:3].
“This [Federal Reserve Act] establishes the most gigantic trust on Earth. When the President [Wilson] signs this bill the invisible government of the Monetary Power will be legalized… the worst legislative crime of the ages will be perpetrated by this banking and currency bill.” ~ Congressman Charles A. Lindbergh, Sr. (1913)
To this day, the Federal Reserve Bank (FRB) remains a United States, European and Global Power structure separate and distinct from the federal U.S. government corporation operating entirely outside the bounds of the U.S. Constitution.
The Federal Reserve Bank (FRB) is a maritime lender and insurance underwriter to the federal U.S. government corporation, that operates exclusively under international “Admiralty/Maritime” law.
The maritime lender or insurance underwriter bears all the risks, and Admiralty/Maritime law compels specific performance by paying the annual interest due, or insurance premiums.
All the assets of the debtor nation state, such as the federal U.S. government corporation, can be “hypothecated”, in other words, pledged as security to pay the federal /national debt by the maritime lender or insurance underwriter. Alarmingly, all the assets of the people of the united states have been “hypothecated” against both present and future “debt (Ø)” that is to be paid one day whenever the note is called.
The Federal Reserve Act of 1913 stipulated that the interest on the federal/national debt was to be paid in gold not in “paper money substitutes (Ø)”. There was no stipulation in the Federal Reserve Act whatsoever for ever paying down the principle on the loan. Thus, an un-payable federal/national “debt (Ø)” was instituted from the inception of the Act. Indeed, this seems crazy, but it is true.
The Federal Reserve Act was never challenged in a U.S. court of competent jurisdiction which would be have been under “Admiralty/Maritime” law.
The Federal Reserve Bank (FRB) is a sovereign Joint Stock Trust fully independent of the federal U.S. government. It does not file a tax return or pay any “taxes”. It is not subject to Title 5, USC or to the scrutiny of the General Accounting Office (GAO). It had never filed statements of assets on any information form until recently kudos to former U.S. Congressmen Ron Paul (R-TX).
“Federal Reserve bonds, including the capital stock and surplus therein and the income there-from, shall be exempt from federal, state and local taxation, except taxes upon real estate.” ~ 12 USC 531
Not Federal and Nothing in Reserve
The name of the Federal Reserve Bank (FRB), in other words, the “FED”, is deceptive. There is nothing “federal” about the Federal Reserve Bank (FRB) because it is not part of the federal U.S. government. In the Washington D.C. phone directories of yore, the Federal Reserve Bank (FRB) was never listed under U.S. government offices.
There is nothing held on “reserve” in the Federal Reserve Bank (FRB). They project the appearance of being a “system” of regional offices to shift the appearance of power away from Wall Street, but essentially the power is centralized in the Board of Governors. They are not a “bank” because they do not deal with real, constitutional “money ($)”, but only “fiat (Ø)” money.
The stated mission of the Federal Reserve Bank (FRB) was to stabilize banking, but if one analyzes their track record, it has not achieved the stated objectives. It was never the objective of the Federal Reserve Bank (FRB) in the first place. Instead it was a deceptive ploy to get the legislation passed and signed by the U.S. President with a minimum of resistance from the people.
The Federal Reserve Bank (FRB) did, however, achieve the cessation of private capital formation in the hands of We the People by eliminating both the gold (1934) and silver (1968) standards for domestic currency, thus centralizing the power of capital formation in the hands of private international banking cartels.
“The main purpose for establishing a central banking system in the United States of America was to ultimately confiscate 100% of the property and assets of the American people.” ~ Johnny Liberty
Passing the Federal Reserve Act
The Federal Reserve Act of 1913 was passed over a Christmas vacation on December 22, 1913 with merely ten legislative members in session. This was hardly a legal quorum for passing legislation by any stretch of the imagination.
Most of the U.S. Congress was adjourned for the Christmas holidays. Furthermore, “U.S. citizens”, sovereign “state” Citizens, Congress and the President had been fooled by a well-orchestrated propaganda and media campaign into believing that the private international bankers and the Wall Street “money trust” were opposed to the legislation.
Through clever political manipulation, propaganda and a knee-jerk reaction by the press, many of our leaders walked into a well-designed trap to support the Federal Reserve Act of 1913 despite its lack of legal quorum. U.S. President Woodrow Wilson signed the Act under considerable pressure and later regretted his signing the Act by saying. “I am a most unhappy man, unwittingly I have ruined my country.”
“The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency…I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” ~ Henry Cabot Lodge, Sr. (1913)
We the People Were Our Own Bankers
Before the Federal Reserve Act of 1913 was passed into law, many people owned their own land free and clear of any bank liens, encumbrances or mortgages. We retained sovereign“allodial” title to property with all rights therein.
Conventional mortgages, where one could borrow money to pay for a piece of land or property over the course of thirty years, did not exist. This turned out to be yet another not so subtle property confiscation scheme.
Prior to the Act, one simply acquired land by assignment from a previous owner with a Bill of Sale, paid for in gold or silver coin or notes, then updated the “land patent“and received the true, lawful “allodial” title,which is absolute title and ownership to the land. Back then, land was not registered or recorded via an “equitable deed”.
> HYPOTHECATE – To pledge something as a security without taking possession of it.
After the Federal Reserve Act of 1913, all land and property within the federal U.S.was “hypothecated” to the Board of Governors as “Trustees” of the Federal Reserve Banking System cartel. In any Trust, the “Trustees” hold legal title, and have control over the assets of the third party or the “Beneficiaries”.
> RE-VENUE – To shift jurisdiction from one “venue” or place to another; to shift the jurisdiction from the Republic of the united states of America to the Democracy of the federal United States corporation.
Venue and Citizenship
All that remained to seal the deal was to “re-venue” all sovereign “state” Citizens, along with their land, assets and property, then pursuant to the “Common law” jurisdiction of the united states of America, into the exclusive jurisdiction of the federal U.S. government corporation pursuant to the “Municipal law” of the District of Columbia (D.C.).
Today, the common meaning of “re-venue” is synonymous with “income”. The private international bankers, with the cooperation of the political establishment in Washington D.C., shifted the jurisdiction from one “venue” or place (united states of America) to another (District of Columbia).
After the bankers morphed the meaning of “venue”, they shifted the meaning of “citizens of the United States” from sovereign “state” Citizenship to U.S. citizenship. It was a clever, well-orchestrated slight-of-hand – a magician’s trick.
After the bankers shifted the meaning of citizenship, they made all the people believe that they were subject to paying the federal/national debt of the federal U.S. corporation pursuant to the 14th Amendment of the U.S. constitution, from that day forward, made payable to the Federal Reserve Bank (FRB) via the “income tax”.
U.S. Government Received Unlimited Credit Line
Under the terms of the Federal Reserve Act, the Federal Reserve Bank (FRB) agreed to extend the federal U.S. government an “unlimitedcredit line” (paper money substitute (Ø)). The “United States” would be loaned all the funds needed by the Federal Reserve Bank (FRB) to expand the power and reach of the federal “United States” empire indefinitely.
Like any other debtor borrowing money from a creditor, the federal U.S. government had to assign collateral and security to their creditors as a condition of the loan. So what did it do?
Since the federal U.S. government did not have any significant assets in 1913, except a small modicum of public property, the government “hypothecated” all the private land and property of their “economic slaves” (U.S. citizens), as collateral (security) against the perpetually, un-payable federal/national debt.
The federal U.S. government, along with their principals/creditors, needed a legal contractual nexus to lure more U.S. citizens and sovereign “state” Citizens into their venue under their jurisdiction, in order to expand the pool of land and property that they could hypothecate, attach and lien. So how did they accomplish this?
By manufacturing wars (WWI, WWII and WWIII), recessions and depressions such as the Great Depression, and then luring people into the Social Security Act of 1938. This not so subtle “conspiracy” created the “welfare state”, accomplished the objectives in less than three generations.
In addition to land and property, the federal U.S. government “hypothecated” and pledged the assets of unincorporated federal territories, national parks and forests (clear-cutting forests is a environmental policy for federal debt reduction), birth certificates (each baby child is registered as property under the U.S. Department of Commerce), as well as all for-profit and non-profit corporations (all equity is owned by the Internal Re-Venue Service), as collateral to the Federal Reserve Bank (FRB)x.
Lastly, but not finally, these “co-conspirators” legislated a 1% federal income tax on corporations and U.S. persons (U.S. citizens and federal U.S. employees) to pay the “interest-only” on this expanding federal/national “debt (Ø)”. In 1913, less than 1% of the people and corporations paid any federal income taxes. This original income tax was effectively repealed by the Internal Revenue Act of November 23, 1921.
“The regional Federal Reserve Banks are not government agencies. …but are independent, privately owned and locally controlled corporations.” ~ Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)
The Federal Reserve Bank (FRB) is a very private, foreign entity controlled by a cartel of private international bankers. The Federal Reserve Bank (FRB) can sue and be sued in their name, unlike actual government agencies. Each of the regional Federal Reserve Banks (FRB) carries its own liability insurance.
Each conducts its daily activities without any direction from the federal U.S. government. Each pays local property taxes and postage, which is even more evidence of private ownership. Each had listings in telephone directories, but never under U.S. government listings.
The actual “joint stock holders” of the Federal Reserve Bank (FRB) are held by domestic, foreign, and international central banks. According to archival sources, the following list does not reflect the actual ownership.
The Rothschild’s of London and Berlin.
The Lazard Brothers of Paris.
Israel Moses Seif of Italy.
Warburg Bank of Hamburg, Germany and Amsterdam.
Kuhn, Loeb and Co. of Germany and New York.
Lehman Brothers of New York.
Goldman Sachs of New York.
Chase Manhattan Bank of New York
The Rockefeller Brothers of New York.
Formal Charges Against Federal Reserve
On May 23, 1933, U.S. Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank (FRB), the U.S. Comptroller of the Currency, and the Secretary of the U.S. Treasury for numerous criminal acts, including but not limited to, conspiracy, fraud, unlawful conversion, and treason. The following is a quote from McFadden’s famous address to the U.S. Congress in 1934.
“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the FED.
The FED has cheated the Government of these United States and the people of the United States out of much more than enough money to pay the Nation’s debt. The depredations and iniquities of the FED has cost enough money to pay the National debt several times over.
This evil institution has impoverished and ruined the people of these United States. The FED has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mis-application of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. Some people think that the Federal Reserve Banks are United States Government institutions.
[To the contrary] they are private monopolies which prey upon the people of these United States for the benefit of themselves and foreign customers; foreign and domestic speculators and swindlers; plus rich and predatory money lenders.
In that dark crew of financial pirates, there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain international propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”
References:
Wikipedia | History of the Federal Reserve; | Federal Reserve | Who owns the Federal Reserve? “The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.” Federal Reserve SF | Is the Federal Reserve a privately owned corporation? ;Facts Are Facts | The Federal Reserve is privately owned. Citation Needed | Federal Reserve is a Joint Stock Company Trust; Wikipedia | Canon Law; Canon Law Trust.
Citation Needed | Joint Stock Trust Illegal in 1863; Constitution Congress | U.S. Constitution [1:9:3]; No Bill of Attainder or ex post facto Law shall be passed.
Wikipedia | Admiralty/Maritime Law (federal courts derive their exclusive jurisdiction over this field from the Judiciary Act of 1789 and from Article III, § 2 of the U.S. Constitution; Congress regulates admiralty partially through the Commerce Clause.
Ownership of the Federal Reserve Bank. Kuhn Loeb and Co. got its start by exploiting Indians and setting up trading posts for the pioneers; anecdote about Kuhn and Loeb sourced from Free At Last by N.A. Scott, Ph.D., D.D., pp.4-39 (federal reserve is not part of the federal government) www.rainbowwarrior2005.wordpress.com/2008/09/29/federal-reserve-owners-and-history/
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.30 – 35
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In the United States, every piece of “paper currency (Ø)” in circulation has been printed by the U.S. Treasury, borrowed from the Federal Reserve Bank (FRB) with interest to be paid back by the federal U.S. government through taxation. Then, every U.S. Dollar (USD) printed is spent into circulation by the government, corporations and the people.
“[Every circulating FRN] represents a one dollar debt to the Federal Reserve System.”
Remember, this is a debt note that can never be paid back except through sweat, labor, hard work, the confiscation of assets, property and by taking away your unalienable sovereign rights and freedom.
We the People have unwittingly surrendered the lawful, constitutional money system to the international central bankers. We have accepted, without protest, a ”fiat (Ø)”money supply instead of real money ($). This fundamental act has destroyed our once great nation and ultimately enslaved our people economically. History repeats itself again and again, ad nauseum.
Global Economic Speculation and Casino Gambling
In our present global business model, the only way a nation’s economy can grow, develop and expand is by exponentially increasing the amount of debt in circulation. Every piece of paper currency in circulation incurs an escalating debt with interest to be paid via taxation.
Thus, the “fiat (Ø)” money supply increases both paper currency and much more frequently as electronic widgets inside a licensed central bank computer. The result of this expansion is inflation, devaluation and ultimately bankruptcy.
The financial end game for Western banking is on the brink of collapse, and may be very soon, as the U.S. government corporation cannot sustain the interest payment to the Federal Reserve Bank (FRB). Today, the total income of the federal U.S. government is not enough to make the annual interest payment on the national/federal debt.
In this economic model, stock markets soar and crash, currencies inflate and devaluate, consumer prices rise, and speculation is risky business on Wall Street. Our political leaders, and the central banks, are running the global economy like a casino gambling operation, and it is soon headed for a major adjustment or crash. Prepare yourself now for a tidal shift ahead, if it has not already happened by the time you read this book.
“In the 1970s, only 20% of all global investment and trade was speculative by nature, and 80% was directly related to the exchange of goods and services. By 1990, those figures had reversed. In 1993, only 5% of all global economic transactions were directly related to the exchange of goods and services.” ~ Wilfred Guth of the Deutsche Bank
Fractional Reserve Banking
Inflation is not only created by the issuance of paper money substitutes, but also created with negotiable instruments such as “checks (Ø)” and “fractional reserve banking”.
A convincing illusion has been perpetrated via media propagandists that there is a limited supply of paper currency (Ø) and a reserve (Ø) must be kept on hand if a lot of people suddenly need to withdraw “cash” from the bank or ATM.
Did you know that the Federal Reserve Bank (FRB) and other international central banks routinely create “fiat (Ø)” paper currency, and electronic ledger entries, out of thin air? Did you know that the commercial banks with brands you are most familiar with are nothing more than separate accounting divisions of the Federal Reserve Bank (FRB)?
Here is a short summary of how “fractional reserve banking” works. Assume a legal central bank’s “reserve requirement” is 10%, although it is usually much less. For example, the local commercial bank (US Bank) down the street retains 10% (9:1) of your deposit just in case you want it back in paper currency or “cash”.
If you deposit Ø1,000 in the commercial bank, no sooner does it hit their cash box than you’ve created a Ø9,000 line of credit (Ø) so the bank can loan it to the guy in the line behind you, or invest in any thing else they want (stocks, bonds, real estate) at prevailing rates of interest. It is that simple.
This is how commercial banks create “money (Ø)” out of thin air. They also create income through service charges or bounced check fees. If you bounce a check (Ø), you pay a bounced check fee. If the commercial bank writes a bad check (Ø), it is legally called a “loan (Ø)”. All that is actually happening is that you are exchanging one promissory note for another.
Wow, that is incredible. Wouldn’t we all like to be able to create money out of thin air as the commercial banks do? That is such easy “money (Ø)”. But even to contemplate such an act could land you in prison for “conspiracy to counterfeit (Ø)”. Through legislative consent outside of the bounds of the U.S. constitution, both commercial and central bankers have acquired the licensed privilege to create money out of thin air. Then you are the one who must pay and pay and pay. This is the greatest scam of all times.
Commercial and central banks make a fortune from the ignorance of We the People. “Fractional reserve banking” is the reason banks compete for deposits in either checking or savings accounts. By depositing funds in a bank, you are expanding the national economy and unwittingly impoverishing yourself via inflation.
It works similarly when you use your credit card to make a purchase. Suddenly, moments after you swipe the credit card, “money (Ø)” springs into existence. No “money (Ø)”is actually loaned by the bank to the retailer. This is magic and bankers are the magicians!
While Banks Grow Richer, You Fall More Deeper Into Debt
Do you still wonder why the banks keep getting richer and richer and foreclosing on more and more property from the people? Do you still wonder why all the largest buildings downtown have the name of commercial banks on them?.
There are trillions of dollars of “bad checks (Ø)” in circulation which have created all this public and private debt. This is evident as the national debt, both funded and unfunded obligations are growing exponentially.
Current monetary policy has legalized check kiting, fraud, racketeering, and counterfeiting, with a lawful basis for repudiating both private and public debt. Perhaps you can now understand what a criminal and corrupt enterprise the Federal Reserve Bank (FRB) and their political cronies in government are running?
The Federal Reserve Bank (FRB) controls the money supply, interest rates, the velocity or speed of introduction of paper currency (Ø). Today, when the Federal Reserve Bank (FRB) prints an excess of new paper currency (Ø), thereby inflates and simultaneously devalues the paper currency, they call it a fancy term – “quantitative easing”.
The Federal Reserve Bank (FRB) has access to an unlimited supply of paper currency (Ø), paying the U.S. Treasury only the printing costs. Checks and electronic ledger entries of both credits and debits total far more than 95% of all deposits and transfers. Securities, bonds, mortgages, buildings, land, and stocks compose most of the hard tangible assets that banks own.
MONEY SUPPLY • INTEREST RATES • VELOCITY
The Federal Reserve Bank (FRB) can increase or decrease the “fractional reserve” requirements at will. Therefore, a “run on the bank” could not actually happen as it once did in the past. The central bank simply prints as much paper currency (Ø) as they need to retain confidence and control of the system.
The reason for “fractional reserve”requirementsis to regulate the greed of the member banks, and most importantly to maintain a certain level of quality in the investment portfolios. These portfolios have degraded significantly since the mortgage fraud and derivative investments which contributed to the Great Recession of 2008.
Federal Reserve Notes (FRNs) are nothing more than promissory notes for U.S. Treasury securities (T-Bills) — a promise to “pay (Ø)” an un-payable debt to the Federal Reserve Bank (FRB) in gold or silver.
Have you borrowed paper money (Ø) to consolidate your debt only to discover you were more indebted than before? It is because you did not actually “pay (Ø)” the debt. Instead, you restructured the debt for future “discharge (Ø)”, but it was never paid-in-full.
Our economic/financial lives have been reduced to managing debt and earning paper money (Ø) to service an ever growing liability, both private and public. This, wise friend, is economic slavery.
Paying or Discharging Debt?
There is a fundamental difference between resolving and “discharging (Ø)” a debt. To “pay (Ø)” a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only “discharge (Ø)” a debt.
You cannot resolve a debt in a debt currency system. You cannot resolve a debt with a paper currency (Ø) without being backed by substance. Additionally, there is no valid or lawful contract under the Common law unless it involves an exchange of “good and valuable consideration, in other words, real money ($)”.
> ECONOMIC SLAVERY—A total loss of ones control over your financial affairs; working for no reward, no “money,” no substance, no asset accumulation; working for an unseen master; unknowingly surrendering ones property and assets to public indebtedness; invisible and undeclared bankruptcies.
The truth is we are doing business in “counterfeit (Ø)” paper currencies issued by the United States and European Power structure, an elite cartel. Are we bankrupting ourselves and our children into economic slavery? Wise up America.
“There is a distinction between a ‘debt discharged’ and a debt ‘paid.’ When discharged, the debt still exists though divested of its charter as a legal obligation during the operation of the discharge, something of the original vitality of the debtcontinues to exist, which may be transferred, even though the transferee takes it subjectto its disability incident to the discharge.” ~ Stanek v. White, 172 Minn. 390, 215 N.W. 784
Lawful Money as Gold or Silver
The net result of the Federal Reserve System is a hugely devalued dollar (Ø1 dollar in 1913 becomes Ø100 in 2022 or Ø20 dollars in 1913 becomes Ø2,000 in 2022). That’s a cumulative inflation rate of 10,000% in 109 years. Inflation over time is a hidden tax and essentially taxes the earnings of future generations.
The result is a persistent decline in real Individual income, an increasing un-payable national/federal debt (Ø30.4 trillion in 2022), an accelerating exponential debt curve, and ultimately the transfer of all the property and assets of the people of the united states of America to the international centrals bankers and the United States, European, Russian and Chinese Power structures behind them.
“The Federal Reserve debt note system was established by U.S. Congress under its ‘District’ powers because the Constitution required a gold or silver standard.” ~ International Tax Technologies
The United States and state constitutions prohibited the issuing of foreign bills of exchange (FRNs), or making anything except gold or silver as legal tender in the payment of debts. The Founders considered this an important check and balance against the encroachment of foreign money in the new Republic.
Why do We the People continue to allow this grand theft to occur, in broad daylight, without taking a stand for the constitutional Republic, and our own sovereign rights?
“No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” ~ U.S. Constitution [1:10:1]
Lawful, constitutional and honest money ($) is coined or printed by the U.S. Treasury and spent into circulation by the federal U.S. government. The $5 U.S. Note and JFK’s $2 bill were interest-free. These are the constitutional components of a sound monetary system.
Wikipedia | Comparison Between U.S. states and sovereign states by GDP; Wikipedia | List of states and territories of the United States by GDP; Quote from Wilfred Guth of the Deutsche Bank; Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11); Federal Reserve Bulletinwww.federalreserve.gov/pubs/bulletin; Wikipedia | Dodd-Frank Wall Street Reform and Consumer Protection Act.
Wikipedia | Fractional Reserve Requirements; The 2014 fractional reserve requirements for commercial banks is 0% for accounts under Ø14.5 million, 3% (33:1) for accounts between Ø 14.5 – Ø 103.6 million and 10% for accounts above Ø103.6 million; Federal Reserve | Monetary Policy.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.22 – 26
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Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition) (3-Volume Printed, Bound Book or PDF)
A three-volume, 750+ page tome with an extensive update of the renowned underground classic ~ the Global Sovereign’s Handbook. Still after all these years, this is the most comprehensive book on sovereignty, economics, law, power structures and history ever written. Served as the primary research behind the best-selling Global One Audio Course.Available Now!
Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom (3rd Edition) (Printed, Bound Book or PDF)
This comprehensive book, goes far beyond the immediate impact of the “pandemic”, but, along with the reader, imagines how our human world may be altered, both positively and negatively, long into an uncertain future. Available Now!
The Sovereign's Handbook by Johnny Liberty 