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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
“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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
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
ORDER YOUR LIBERTY BOOKS TODAY!
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!
Since gold and silver coinage were heavy and inconvenient for large transactions, and dangerous to transport, the money was stored in safes in warehouse banks. A warehouse receipt or certificate was issued as a money substitute to represent the gold or silver on deposit.
People could trade warehouse receipts as money, or “paper currency (Ø)”. They were similar to redeemable gold and silver certificates issued by modern banks.
Paper Money Substitutes Are Not Money
Today, “paper currency (Ø)” is not actually “money ($)”, but instead a “paper money substitute (Ø)”, because redeemable warehouse receipts, gold or silver certificates must promise to pay a real “dollar ($)” equivalent in gold or silver money.
Federal Reserve Notes (FRNs) make no such promise, and are not “money (Ø)” by any stretch of the constitutional imagination, or as the U.S. Congress may lead us to believe. Paper currencies are legally defined as “corporation notes of undetermined value”, as a private bankers “scrip”.
A Federal Reserve Note (FRN) is a debt obligation of the federal U.S. government, a promissory note, a promise to “pay (Ø)” to the Federal Reserve Bank (FRB), a tangible asset such as gold and silver at an undisclosed time in the future. FRNs are not “money (Ø)”.
FRNs are not lawful, constitutional money ($), but a “fiat paper currency (Ø)”, as “legal tender (Ø)” or as a “paper money substitute (Ø)”. The ($) and (Ø) symbols will henceforth signify the distinction between the two types.
PAPER MONEY SUBSTITUTE = FRNs = Ø
Although the Federal Reserve Note (FRN)(Ø), henceforth, referred to as (Ø) is the keystone of the unsustainable, debt-based and corporate “United States” economy, few people understand how the system actually works.
All Federal Reserve Notes “(FRNs)(Ø)” placed into circulation burdens the entire economy with an ever growing mountain of public and private debt. Every “(FRN)(Ø)” borrowed by the federal U.S. government must be repaid, yet can never be repaid to the Federal Reserve Bank (FRB) and its foreign principals-creditors.
A FRN (Ø) is “unlawful” money under both the state (no foreign bills of exchange) and federal (only gold and silver coin are money) constitutions. Federal Reserve Notes “(FRNs)(Ø)” create not only “debt (Ø)”, but interest and usury that results in perpetual economic slavery for most “U.S. citizens”.
Federal Reserve Notes Are Neither Federal, Nor a Note
Federal Reserve Notes (FRNs), are in actuality, neither federal, nor a note, and not held in reserve. FRNs are not “federal” because the Federal Reserve Bank (FRB) is, in truth, a privately owned corporation, not part of the U.S. government.
Furthermore, there is no gold or silver money, not even paper currency, held in “reserve” in the Federal Reserve Bank (FRB). FRNs are not a “note” because they cannot fulfill an unconditional promise to “pay (Ø)” real money to the holder. By law, a “note” must contain the unconditional promise to “pay-to-the-bearer-on-demand”.
> NOTE– An instrument containing an express and absolute promise of signer to pay to a specified person or order, or bearer, a definite sum of money at a specified time; an instrument that is a promise to pay other than a certificate of deposit.
In truth, a Federal Reserve Note (FRN) is a “Fraud Reserve Note”, a “commercial lien” of a private corporation on the federal U.S. government. In other words an FRN is commercial paper, a negotiable instrument, a counterfeit security of the Federal Reserve Banking (FRB) system. FRNs are unsigned checks written on a closed account of the federal U.S. government corporation which has been closed since the first federal bankruptcy of 1933.
Distinction Between Real Money and Paper
We the People must comprehend this important distinction between real“money ($)” as tangible substance and real wealth, and a“paper money substitute (Ø)” which represents a debt that can never be paid off.
As an individual, one cannot become economically or financially sovereign by accumulating paper money substitutes, or borrowing without restraint, anymore than one can get rich accumulating monopoly money in the game by the Parker Brothers. The same notion applies to a nation state that borrows from its principals-creditors and encumbers its U.S. citizens to pay it back in the not so distant future. Using debt-based paper currency can only result in getting deeper into debt, and then declaring bankruptcy, especially, if a nation’s people cannot comprehend this important distinction.
The same notion applies to a nation state without financial restraint, as the government borrows more and more debt-based paper currency and goes deeper and deeper into debt. That continues until all of its tangible assets, and those of its people, are collateralized and transferred to the principals-creditors who loaned the “paper money substitute” in the first place, namely, the Federal Reserve Bank (FRB).
As an individual one can acquire debt-based paper currency and quickly convert these instruments into tangible assets of actual substance, actual money, property and productive capacity, providing one can establish legal sovereignty and the proper structures to protect these tangible assets.
Additionally, if one acquires property with Federal Reserve Notes (FRNs) instead of constitutional money such as gold or silver, then one has not actually acquired the rights and absolute “allodial” title. One may acquire an equitable title, but not the “allodial” title and the rights inherent therein. Thus, one does not purchase absolute “allodial” title to property as one could under the constitutional Common law system.
If you have not acquired “allodial” title, it is not actually your property. Thus, you have no rights inherent in your property. By implication, the actual “allodial” title remains within the jurisdiction of the federal U.S. government corporation, and to those it assigns or hypothecates the title. Finally, if you have no “allodial” title, the property can be taken at will at any time and you will have no recourse or remedy under the Common law.
There is No Actual Money System
We the People do not have any real “money ($)”, nor are we buying or exchanging goods and services with real “money ($)”, nor are we accumulating wealth or assets as we have been led to believe. In fact, not only is there no real “money ($)”, there is no money system whatsoever. It has been a fraud relentlessly perpetrated for generations upon the people of the united states of America and the world.
Those who have deposited Federal Reserve Notes (FRNs) in their bank accounts have simply accumulated temporary control over a certain amount of bank-created debt which has been substituted for real money.
Your assets are entirely at risk if you do not understand the nature of money and who really owns and controls your property. Wake up to your own economic, financial and legal sovereignty to restore prosperity for all, including a “sound monetary system”.
According to Fortune 500, Jeff Bezos, Elon Musk and Bill Gates may be several of the “richest” men in the United States. However, they are rich in Federal Reserve Notes (FRNs) or “corporation notes of undetermined value”. They are rich in the market value of their corporate company stock. Even billionaires may be unaware of the central bank fraud and their participation in it.
This author would venture to guess that most millionaires do not know that their wealth is entirely contrived by the United States and European Power structures. Without true sovereignty, even the billionaire’s riches and wealth are worthless tokens of what could be possible for humanity and the world.
U.S. citizens Not Paid Real Money
U.S. citizens have not been paid any real money ($) in their entire lives. Consider this seriously. if you have not been paid any real money, then how can you ever “pay (Ø)” your debts? The fact is, you cannot ever pay your debts and neither can any one else.
Now, you can understand why you might feel broke even with so-called “money (Ø)” in the bank? Indeed, you are poor, broke and starving for truth and wanting freedom from the “money masters (Ø)”. Now, do you understand why you are actually “bankrupt (Ø)”, along with much of the rest of the country and world? You cannot “pay (Ø)”debt with a debt-based paper currency, not now, not ever. This truth has been hidden from the people for generations.
We the People can only “discharge (Ø)” a debt which only delays the inevitable “bankruptcy (Ø)” that awaits us all. Instead, would you like to become economically sovereign and financially independent?
“Neither paper currency nor deposits have value as commodities. Intrinsically, a ‘dollar (Ø)’ bill is just a piece of paper (Ø). Deposits are merely book entries.” ~ Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago (1975)
Creating a Sound Monetary System
The constitutional authority to create real “money ($)”,not paper money substitutes, has been reserved to We the People as intended by the Founders, not any central banking system.
Central bankers have learned how to monopolize their congressional privilege to create “paper money substitutes(Ø)” out of thin air in partnership with greedy, power-hungry governments who have willfully and knowingly plunged U.S. citizens into perpetual debt and bankruptcy.
Unfortunately, the federal U.S. government has prosecuted courageous “citizens of the United States”, for example, Bernard Von NotHaus, for creating a“sound money substitute”, such as American Liberty Currency, backed by gold and silver, as an alternative to the central banking cartel. The American Liberty Currency clearly had no similarity to the U.S. Dollar (USD), and NotHaus was by no means “counterfeiting”. Instead, he was making a strong point that the U.S. Constitution required a “sound monetary system” backed by gold and silver. If anyone is engaged in “counterfeiting” it is clearly the U.S. Congress and the Federal Reserve Bank (FRB).
Perhaps one day a constitutional, “sound monetary system”, backed by gold and silver, will be restored in the united states of America.
“To provide for the punishment of counterfeiting the Securities and current Coin of the United States.” ~ U.S. Constitution [1:8:6]
We the People still have the “unalienable right” to work, the right to contract, and the right to create our own money substitutes, if necessary, in lieu of adequate supplies of gold or silver.
A few examples of alternative money substitutes are local scrips such as Ithaca HOURS, Cascadia HOURS, time-dollars, barter/trade, and gift economies. and/or restore a gold and silver backed currency.
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens… ~ John Maynard Keynes
Inflation and Devaluation
Whenever there is an increase in the supply of a “paper money substitute (Ø)” in the economy without a corresponding increase in gold or silver “money ($)” reserve, inflation and devaluation occur simultaneously. Inflation and devaluation are mostly invisible forms of “taxation” (grand theft) that even the most enlightened governments inflict on their people.
Federal Reserve Notes (FRNs) are designed to create perpetual debt resulting in both inflation and devaluation of the currency. Inflation and devaluation destroys purchasing power while consumer prices rise at the same rate as inflation.
Inflation, devaluation of the currency and an ever increasing and un-payable debt deliberately transfers control, power and property to the United States and European Power structures that have no interest whatsoever in sharing the wealth or hoarding “paper money substitutes (Ø)”. The actual objectives of the American and European Power structures are to accumulate tangible assets, gold and silver, property, land, industrial and productive capability, and “real estate” which represents true wealth in the economy.
INFLATION = INVISIBLE TAXATION
Two-thirds of the total productivity of the united states of America are invisibly taxed through inflation and devaluation which is inflicted at every level of the system. This is a cozy arrangement between private central bankers and national governments to ultimately confiscate both the wealth and the productivity of the people to suit their globalist agendas.
“Every congressman, every senator, knows precisely what causes inflation, but can’t [won’t] support thedrastic reforms to stop it [repeal of the Federal Reserve Act of 1913] because it could cost him his job.” ~ Robert A. Heinlein, Expanded Universe
No Authority to Issue Paper Money Substitutes
The corporate U.S. government and the U.S. Congress were not authorized by the U.S. Constitution to issue paper currency of any kind, but only the authority to coin lawful “money ($)” of substance — gold or silver for the sovereign states and their respective “state” Citizens. Except for former U.S. Congressmen Ron Paul (R-TX) and a few courageous elected officials, the U.S. Congress has been deaf to this alarming prohibition.
“Congress had no authority to grant a private consortium of banks the monopoly privilege to create the nation’s currency.” ~ Boston T. Party
Powers not specifically granted by the U.S. Constitution are strictly forbidden and automatically denied. Today, the Federal Reserve Bank (FRB) and the international central bankers have a monopoly over “legal tender (Ø)”, the issuance of paper money substitutes in lieu of gold and silver.
In truth, the international central bankers run the most extensive counterfeiting operation the world has ever known, “legally” protected by a rogue U.S. Congress which has bankrupted the federal U.S. government corporation. Paper money substitutes have essentially changed the mass of humanity into becoming economic slaves of the powers-that-be.
Since the inception of private banking in Europe centuries ago, international central bankers have created wars (e.g., WWI, WWII, WWIII) and conflict for profit and control of the fates of dozens of nations.
Even if we are unaware of it, and it is difficult for most of us to imagine, our political leaders lust for more and more power over our lives. The governments of the world already controls much of the world’s gold and silver reserves except for the gold and silver in private hands.
Truth Set Us Free | Modern Money Mechanics Workbook of the Federal Reserve Bank of Chicago, 1975;Javelin Press | Javelin Press | Goodbye April 15th by Boston T. Party, (Javelin Press, Austin, Texas, 1992, p.3/7).
In March 2022, Russia decided to back their currency with gold during the Russia-Ukraine police action. This resulted in a rise of the ruble against the U.S. Dollar and the EURO.
Wikipedia | U.S. Constitution [1:8:6]. Powers delegated to the legislature.
Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/2).
Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11). In 2021, there were 132 million households in America with an average of 1 troy ounce in gold jewelry and gold coins in private hands. That equals $132 million ounces of gold with a mint value of $35/per coin ($4,620,000,000), or a market value of $1,900/ounce ($250,800,000,000); Gold Bulllion Suppliers | Indian households have the largest amount of gold in the world – roughly 24,000 metric tons. Most of it is in the form of jewelry which is used for Diwali festival and weddings. These oil-rich families had vaults of gold – now in the hundreds of tonnes – well before they began making deals with the West. One can only imagine how much gold they have accrued since the 1920s.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.16 – 21
ORDER YOUR LIBERTY BOOKS TODAY!
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!
“All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.” ~ John Adams
We the People are crazy about “money”. Whether you have a lot or a little, work hard, live off trust funds or collect welfare, inherit or win the lottery, there are intrinsic survival, fear and success issues linked with “money”, its acquisition and spending, that we rarely take the time to step back from the insanity, and ask the hard questions. Considering its importance, this attitude is crazy.
What is real “money”? Who controls money? How is money made? Where does money come from? How does the economic system really work? Why are so many people and businesses in America going bankrupt?
Is the accumulation of “money” the sole purpose for living? Is money really worth working and dying for, and for some, stealing or killing for? Why is money so glorified as an object of one’s attention and one’s affection? Is there a better alternative? How does my relationship with money reflect my values? How can I serve the greater community and myself, as well as work doing what I love?
“When it is a question of money, everyone is of the same religion” ~ Voltaire
Short History of Money
Until 1500 BC, all “money” was alive—cattle, lambs, goats or pigs. The first bankers financed great trading ships laden with cattle on long sea voyages, steering from port to port. While onboard on long journeys, pregnant cattle had offspring, calves or “kind” which was agreed by both parties that they belonged to the banker.
This was when the initial idea of “interest” on a loan first arose. However, in the long term, the concept of “interest” depletes the life-support equity of both depositors and borrowers, ultimately transferring equity and control to the banker.
In their sophisticated ancient civilization, the Phoenicians invented metal “money” in the shape of a pair of bullhorns. That was because metal coins were simpler to transport than steering, housing and feeding the actual cattle, coins gained popular usage as a commodity. Eventually coins were minted with precious metals like gold or silver which historically retained a stable value relative to purchasing power over time. Did you know that an ounce of gold has the same relative buying power today as it did in ancient Greece?
Money was not originally an invention of the state, but of private bankers and merchants.“Certain commodities become money quite naturally, as the result of economic relationships…independent of the power of the state…Though many different commodities have been used as money over the centuries,…gold and silver have emerged as money in the free competition of the market.”
Money Defined
> MONEY ($) – A tangible metallic substance with intrinsic and stable-store of value, distinguished from paper currency, checks and drafts.
> MONEY (Ø) – in the ordinary connotation it means coins and paper currency used as a circulating medium of exchange, not including notes, bonds, evidences of debt, or other private property or real estate.
True Source of Wealth
The true source of wealth of a nation lies with the skills of people and what they are capable of producing. Money itself is not a true measure of wealth, unless it has a tangible value as a commodity. However, it is an essential tool for trade in a free enterprise society.
Healthy economies are created from the production of goods and services, the ability to freely exchange those in the market at a price people are willing and able to pay. In indigenous societies, the wealthiest individuals with the most prestige were the ones who had the most to give away.
True wealth is in land and tangible assets. Wealth consists of tools, materials, equipment, and profit-generating assets. Wealth is bought with money. Unfortunately, wealth can be acquired by force, theft, legal plunder, through sovereign grants and deeds, or by other unscrupulous, dishonest and unethical means.
True wealth is also in intangible states of being such as health, serenity, clarity, creativity, harmony, honesty, kindness, compassion and consequent contentment.
“[It is the duty of Congress] to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures…” ~ U.S. Constitution [1:8:5]
“No State shall…make any Thing but gold and silver Coin as Tender in Payment of Debts…” ~ U.S. Constitution [1:10:1]
A Dollar is a Measure of Weight By Law
How can we define a “dollar ($)”? In the united states of America, a dollar is a measure of weight defined by the Coinage Act of 1792, which issued the first gold coin, with legislative amendments, that are still in effect today.
A “dollar ($)” by definition specifies a certain quantity of tangible gold or silver. Furthermore, the relative value of silver is constitutionally proportionate to gold. In 1995, a dollar is still 371.25 grains of silver in a 480 grain coin which is equal to one ounce.
ONE DOLLAR = 1/20th OUNCE OF GOLD = .999 TROY OUNCE OF SILVER
As originally defined, a dollar equals 1/20th of an ounce of gold “money ($)” until it was “statutorily” devalued by the Gold Reserve Act of 1934 to 1/35th of an ounce of .999 pure silver “money ($)”.
The Founders decided only gold and silver were to be coined as money by the U.S. Constitution – that only gold or silver coins are considered real “money ($)” in America.
Wisely, they chose this path having seen how monarchs had debauched money supplies in Europe by printing paper money substitutes. The founders chose to avoid making the same mistake.
REAL MONEY = GOLD/SILVER
The Founders delegated the power to coin real “money ($)” to the U.S. Congress, and no other entity, foreign or domestic. Furthermore, The U.S. Constitution gave no lawful or constitutional authority to the U.S. Congress to delegate private banking via legislation to a private corporation or the Federal Reserve Bank (FRB) that was supposedly authorized much later by the “statutory” Federal Reserve Act of 1913.
American People Were Our Own Bankers
Until 1913, We the People were our own bankers, creating wealth directly by mining the Earth and producing goods and services. We mined for gold and silver and brought it to the assay offices of the U.S. government to mint into coinage. In exchange, the U.S. government kept 10% of the gold and silver as a constitutional excise tax to cover the cost of minting.
U.S. Gold Certificates (1863-1934) were issued, redeemable and payable to the bearer on demand for gold coin. U.S. Silver Certificates (1886-1963) were issued, redeemable and payable to the bearer on demand for silver coin. Both were redeemable at local banks for real “money ($)” stored in the vault.
Even Federal Reserve Notes (FRNs) were redeemable in lawful “money ($)” at the U.S. Department of the Treasury Federal Reserve Bank (1934-1963).
Until 1934, a twenty-dollar gold coin was minted in gold, a one-dollar silver coin was minted in silver, then both were spent into circulation. Before 1968, dimes and quarters were still coined in silver and spent into circulation.
Today, U.S. dollars, half-dollars, quarters, dimes, nickels and pennies are still minted and spent into circulation although they have no precious gold or silver left in them, while “paper money substitutes (Ø)” and paper currency (except U.S. Notes) are “loaned” into circulation by the U.S. government.
By law, “money ($)“ is either gold or silver coins, or currency backed by gold and silver certified deposits in the U.S. Treasury, payable to the bearer on demand, or interest-free “United States Notes” spent into circulation by the federal U.S. government, for example, JFK’s $2 bill was spent into circulation interest-free.
“The importance of an honest, stable, gold money supply is to ensure that relative scarcity, demand and production efficiency of goods and services are accurately represented through their actual market prices. Prices are information.” ~ Boston T. Party
Wikiquote | Critical Path by R. Buckminster Fuller (St. Martins Press, New York, p. 73-74); Amazon
Ibid.
Court Listener | Lane v. Railey, 133 S.W. 2d 74, 79, 81 280 Ky. 319, (“money” does not embrace notes, bonds, evidences of debt, or other personal or real estate http://section520.org/money.html
Heritage | U.S. Constitution [1:8:5]. To coin money…
Heritage | U.S. Constitution [1:10:1]. No State shall make…
Wikipedia | Coinage Act of 1792; Wikipedia | Coinage Age of 1834; Wikipedia | Coinage Act of 1965; Wikipedia | Gold Certificates; “Dollar is a weight of gold or silver:; Jeff Ganaposki, Patriot Primer #2, (Living Word, pp.108); MISES | What Has the Government Done to Our Money? by Murray N. Rothbard: ; Coinact | An Act Establishing and Regulating the Mint.
Source:Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p. 13 – 16
ORDER YOUR LIBERTY BOOKS TODAY!
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 