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08. Federal U.S. Government Corporation is Bankrupt | Bankruptcy | Sovereign’s Handbook

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By Johnny Liberty

 “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 federal Constitution 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.

References:

  1. Wikipedia | James Traficant, Jr. (D-OH) addressing the House on Wednesday, March 17, 1993; United States Congressional Record, Volume #33, page H1303 and www.fourwinds10.net/siterun_data/peace_freedom/patriots_and_protesters/news.php?q=1240607530
  2. 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 School The 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.
  3. Ibid.
  4. Ibid.
  5. Wikipedia | FDR Executive Order (EO). #6102.
  6. An ancient Chinese Proverb.
  7. Cornell Law | Erie RR. V. Thompkins, 304 US 64, changed American law from Common law to Negotiable Instruments Law.
  8. Wikipedia | Limitation of Liability Act, 46 USC §183 (March 3, 1851).
  9. Wikipedia | Louis T. McFadden;  Americans Bulletin, Sep ’94 p.11 www.americansbulletin.com 
  10. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11).
  11. Wikipedia | Banking Act of 1933, P.L. 73-66, 48 Stat. 162; Wikipedia | Gold Reserve Act of 1934.
  12. Quote by John Danforth (R-MO) sourced from The Arizona Republic, interview on April 22, 1992.
  13. Open Jurist | S. Central Authority, 42 USC §11606 www.hcch.net/index_en.php?act=authorities.detailsandaid=279; ABC Legal www.abclegal.com/international-service-of-process; Hague Service www.hagueservice.net/forms/Official_Hague_Circular_Notice.pdf; International Monetary Fund www.imf.org/external/index.htm; World Bank www.worldbank.org
  14. 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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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom 
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07. Americans Asleep at the Economic Wheel | Money | Sovereign’s Handbook

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By Johnny Liberty

 Since 1913, most of the people of the united states of America have been asleep at the wheel of the world’s largest constitutional Republic and still does not know what is happening behind the scenes. 

Many people still do not comprehend the significance of what had occurred over time to abrogate their inherent, God-given sovereignty and freedom. Thomas Jefferson once warned us, if we are not vigilant, We the People may one day awaken, “homeless in the land of our forefathers”.

Surrendering More Than Money

After the American Civil War and the Federal Reserve Act of 1913, many Euro-American Citizens in the Southern States, had already surrendered their sovereign “state” Citizenship and became “U.S. citizens subject to the federal U.S. government via threat, duress and coercion. Euro-American Citizens were treated no better than “prisoners of war” which has created generations of resentment and misunderstanding to this present day. 

The 13th/14th Amendment allegedly “freed” the liberated African-American slaves. However, in truth, they became U.S. citizens subjected to the federal U.S. government instead of “state” Citizens of their respective states on par with other Euro-American Citizens. In other words instead of liberating slaves, all “citizens of the United States” became slaves. This shocking revelation began this author’s long road of research and exploration over three decades.

Between 1913 and 1938, American Nationals or sovereign “state” Citizens from the Northern states surrendered their sovereignty, thus became tenants, residents, franchisees, and U.S. citizens, like those from the Southern states. Formerly sovereign “state” Citizens would unwittingly contract into the jurisdiction and venue of the federal U.S. government corporation via the Social Security Act and numerous other adhesion contracts over the next few decades.

People surrendered their American National or sovereign “state” Citizenship by voluntarily registering as “beneficiaries” of this Federal Reserve Bank (FRB) Joint Stock Trust via a Certificate of Birth, which is an unrevealed trust instrument shifting your jurisdiction and venue in commerce with the federal United States. This Certificate of Birth Registration makes you property of the U.S. government and its principals-creditors.

In contrast, a Certificate of Live Birth Registration is simply a Verified Affidavit signed by the attending parents, physicians, nurses and midwives whereas a Certificate of Birth Registration is a commercial instrument signifying property registered with the U.S. Department of Commerce of the federal United States.

Surrendering the Gold

By 1933, the federal U.S. government, in collaboration with the Federal Reserve Bank (FRB) and its foreign principals/creditors, had already “hypothecated” all of the land, property, assets and labor of their registered “subjects”, in other words, “U.S. citizens”. 

In 1934, the Federal Reserve Bank (FRB) called in its first loan to the federal U.S. government which was payable in gold. This singular act caused the Great Depression. With the assistance of Franklin D. Roosevelt’s (FDR) Executive Order (EO) the Federal Reserve Bank (FRB) essentially confiscated all the gold of We the People which was “mandated” by FDR to be deposited in the nearest Federal Reserve Bank (FRB).

This Executive Order (EO) only applied to U.S. citizens and federal government employees, but most people did not understand this distinction, so they complied, depositing all their gold into a Federal Reserve Bank (FRB) and received what would soon be worthless paper in exchange.

Today, every asset not held privately or held “in allodium” (absolute title to land) has also been “hypothecated”, assigned and transferred as payment to the private international bankers against the un-payable federal/national debt. At least twice a year the U.S. Congress has had to ask permission from the Federal Reserve Bank (FRB) to raise the debt ceiling and borrow trillions of more dollars until one day soon, the FED will foreclose on the federal U.S. government and the United States will come to a fateful end,

All Assets Owned by Sovereign Power Structure

Unwittingly, the united states of America and its people have returned to their slavish feudal roots long before the American Revolution. Today, all land and property is held by the United States and European Power structures under the control of private international central banks. 

The international central bankers became the Sovereigns instead of Kings or Queens. Now, 14th Amendment “U.S. citizens” have no rights to own land “in allodium”. We were reduced to tenants who “rent” property from the Sovereigns under the guise of the Federal Reserve Bank (FRB). We have exchanged one master for another. History repeats itself ad nauseum.

Tragically, We the People have become peasants, surfs, peons and “economic slaves” of this tyrannical chapter of a New World Order established in 1913. What were once “unalienable rights” have all been taken away, unless each of us takes the necessary steps to reclaim sovereignty and make a stand for freedom. The choice is yours.

References:

  1. Thanks to Chuck Atkins for this revelation. There was an original 13th Amendment, therefore this one is actually the 14th. More on this later in this book.
  2. Strawman Money Credit | Your Birth Certificate – The Great Government Money and Credit Scam; VitalChek | Original, certified copies of your Birth Certificate.
  3. Wikipedia | FDR’s Executive Order #6102 forbidding “hoarding” of gold in the United States. Many prosecutions were executed and upheld by the U.S. Supreme Court.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.36 – 37

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$99.95 ~ THREE-VOLUME PRINT SERIES
$33.33 ~ THREE-VOLUME EBOOK

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!

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07. Introducing Debt Currency Into Circulation | Money | Sovereign’s Handbook

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By Johnny Liberty

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 debt continues to exist, which may be transferred,
even though the transferee takes it subject to 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.

References:

  1. “Represents a debt.” Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11); Federal Reserve Bulletin www.federalreserve.gov/publications/bulletin.htm
  2. 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 Bulletin www.federalreserve.gov/pubs/bulletin; Wikipedia | Dodd-Frank Wall Street Reform and Consumer Protection Act.
  3. 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. 
  4. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11); Federal Reserve Bulletin www.federalreserve.gov/publications/bulletin.htm
  5. Trading Economics | Money Supply; Investopedia | Quantitative Easing 
  6. Ibid.
  7. Definition of “economic slavery” coined by Johnny Liberty.
  8. Court Listener | Stanek v. White, 172 Minn. 390, 215 N.W. 784.
  9. Historical Devaluation of U.S. Dollar https://mykindred.com/cloud/TX/Documents/dollar/; Inflation Calculator: https://www.usinflationcalculator.com; U.S. Debt Clock www.usgovernmentdebt.us 
  10. Quote from International Tax Technologies (defunct).
  11. Constitution Congress | U.S. Constitution 1:10:1]. No State shall enter into any treaty…
  12. Wikipedia | United States Note www.theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money; Wikipedia | Executive Order #111110.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.22 – 26

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07. Gold and Silver Money | Money | Sovereign’s Handbook

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By Johnny Liberty

“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 

References:

  1. Wikipedia | John Adams.
  2. Wikipedia | Voltaire.
  3. Wikiquote | Critical Path by R. Buckminster Fuller (St. Martins Press, New York, p. 73-74); Amazon
  4. Ibid.
  5. 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
  6. Heritage | U.S. Constitution [1:8:5]. To coin money…
  7. Heritage | U.S. Constitution [1:10:1]. No State shall make…
  8. 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.
  9. Wikipedia | Kenneth W. Royce; Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/10); Wikipedia | Gold Reserve Act of 1934; What Was the Gold Reserve Act?; Investopedia |  Federal Reserve History.
  10. Ibid.
  11. Ibid.
  12. Ibid.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p. 13 – 16

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