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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“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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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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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 