08. Building Economic Sovereignty | Bankruptcy | Sovereign’s Handbook

By Johnny Liberty

Building a Foundation

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 poor is 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:

  1. Sourced from Bruce Cockburn’s Stealing Fire.
  2. NIghtingale-Conant | Prosperity Consciousness by Fredric Lehrman (audios).
  3. Quote by Johnny Liberty.
  4. Liberty International Blog | Trump takes control of the Federal Reserve Bank under the U.S. Treasury with Michael Telling.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.65 – 66

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07. Exponentially Raising the Debt Ceiling | Money | Sovereign’s Handbook

By Johnny Liberty

Each year the U.S. Congress declares yet another bankruptcy of the federal U.S. government corporation. Each time it must raise the “debt (Ø)” ceiling with the approval of the Federal Reserve Bank (FRB). Did you know that the Federal Reserve Bank (FRB) has the power to shut down most of the federal U.S. government indefinitely when the Board of Governors chooses not to approve an increase of the federal/national debt?

Who Is in Charge of the U.S. Congress?

So who do you think is actually in control of the U.S. Congress and the federal U.S. government corporation?  The Federal Reserve Bank (FRB) is holding the federal U.S. government, “elected representatives” and federal employees, and We the People of the united states of America hostage through the FED’s credit and monetary policies. The principals-creditors who control the “money supply”, control the nation state.

The federal U.S. government corporation borrows and increasingly spends exponentially inflated and devalued paper currency at least twice each and every year. Even without an Act of Congress, “income tax” on “U.S. citizens” increase and properties are effectively confiscated via systemic inflation by those with power in the District of Columbia (D.C.) 

Therefore, the federal/national debt continues to increase exponentially which the people of the united states of America are expected to pay one day in the future from their assets. Even though the 50 states are mandated by law to balance their annual budgets, unlike the FED, if you and I do not balance our household  budgets, we end up on the streets. 

This corrupt, federally mandated pyramid scheme is tantamount to treason, yet none dare call it such. However, this activity goes on and on year after year while both our leaders and We the people stand back and do nothing.

The federal U.S. government has been bankrupt numerous times since 1933. Our “elected representatives” and federal employees from both sides of the political aisle do not ever seriously address the issue of balancing the federal budget. Talk about balancing the budget is all lip-service. They will milk this cow until the country is foreclosed upon forever. The date of our inevitable demise is on the calendar and approaching very soon.

ECONOMIC GROWTH = ECONOMIC SLAVERY

A debt-based economy can only expand or grow by expanding and growing the federal/national debt. In a debt-based economy, it is impossible to balance the budget without eliminating the root cause of debt – namely, the Federal Reserve Bank (FRB). But dare to mention this fact on the floor of the U.S. Congress, and all the hairs on  the back of the neck of our “elected representatives” stand up in vocal protest. 

Whenever the U.S. Congress proposes a new federal budget and raises the debt ceiling, which is prima facie evidence of the federal U.S. bankruptcy, the Federal Reserve Bank (FRB) has the authority to deny credit to the government by simply not buying the bonds.

Prior to the Federal Reserve Act of 1913, the federal U.S.  government had three options to finance its operations. First, the government could apportion a constitutional tax if all the state legislatures agreed. Second, the government could sell U.S. bonds to the American people. Third, the government could raise funds through import taxes and tariffs.

Prior to the Federal Reserve Act, We the People were oftentimes the masters of government via our “elected representatives” and by acting in our sovereign capacity as “state” Citizens. 

If We the People did not choose to fund a particular war or government program, we told our “elected representatives” to veto the legislation or the apportionment. If we did not want to support a war, we did not buy U.S. Savings Bonds. 

Between 1913 and 1933, the private international central bankers became the masters of government. What the government accomplished was to trade one master (We the People) for another (We the International Bankers). Unfortunately, We the People bought into this pyramid scheme and many lost their individual sovereignty and “state” Citizenship in the process.

Who Has the Power to Close Government?

Today, the Federal Reserve Bank (FRB) holds the absolute power to close most of the doors of the federal U.S. government by denying an increased credit line. That is a lot of power in the hands of foreign bankers with no constitutional authority to create “money (Ø)” in the first place. 

What is happening in 2022 is that the Rothschilds central banking model, whereby all private property is confiscated for “communistic” purposes established by the central bank, and the people are enslaved by a perpetual un-payable “debt (Ø)”.  Debt“money (Ø)” is the method by which free and independent state Republics are usurped, thereby replacing free states with fake democracies, while simultaneously destroying the people’s sovereignty and their “unalienable rights”.

“The Federal Reserve System was founded primarily to serve the special interests of certain highly organized, politically influential groups within the banking industry.
The [Seven Member] Board of Governors is appointed by the President
and confirmed by the Senate, but five of the twelve members
of the Federal Open Market Committee representing the regional
Federal Reserve Banks dictate our country’s monetary policy
and are controlled by private, commercial banks.
Thus private banks, serving special [elite] interests, control or influence public policy regarding the money that everyone in the United States uses.”
~ National Alliance for Constitutional Money

Balancing the Budget Can Never Happen

Unlike the federal U.S. government, the 50 state governments are constitutionally required to balance their budgets and accept no foreign bills of exchange, in other words, a “paper money substitute (Ø)”, although they are also failing to abide by constitutional requirements. 

Today, the corporate “States” are no longer sovereign state republics, and the corporate “States” no longer function in their capacity as sovereign “states of the Union” in a constitutional Republic. Corporate “States” are merely subsidiaries or political subdivisions of the federal U.S. government corporation under the “Municipal laws” of the District of Columbia (D.C.) unless or until they “reclaim their state sovereignty”, stop obeying federal mandates, and/or refuse to accept federal funding.

Providing the federal U.S. government corporation is doing the bidding of the United States and European Power structures via the Federal Reserve Bank (FRB) and its principals-creditors (i.e., International Monetary Fund (IMF and World Bank (WB), etc.), the Federal Reserve Bank (FRB) has been more than willing to continue to expand the debt ceiling and “lend”, in other words “created from thin air”, the federal U.S. government as much essentially worthless, debt “money (Ø)” as they want. 

As we have already learned, Federal Reserve Notes (FRNs) are a paper currency, a negotiable instrument, and are printed with ink on paper, or more often created electronically as ledger entries on licensed computers in a vault. This illusion of debt “money (Ø)” is an incredibly orchestrated lie, a fiction that many continue to believe. How much longer will We the Fools borrow ourselves into economic slavery?

“Banks lend by creating credit. They create the means of payment out of nothing.”
~ Ralph M. Hawtrey, Secretary of the British Treasury

“When you or I write a check (Ø) there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check (Ø) there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money (Ø) [irredeemable currency].”
~ Putting It Simply, Boston Federal Reserve Bank

“The Federal Reserve System pays the U.S. Treasury Ø20.60 per thousand notes—
That equates to a little over 2 cents each with no regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury’s Bureau of Engraving and Printing, and the Ø20.60 per thousand price reflects the Bureau’s full cost of production. Federal Reserve Notes are printed in Ø1, Ø2, Ø5, Ø10, Ø20, Ø50 and Ø100 denominations only; notes of Ø500, Ø1000, Ø5000, and Ø10,000 denominations were last printed in 1945.” ~ Donald J. Winn, Assistant to Board of Governors, Federal Reserve System

Printing Money Out of Thin Air

Here is how “money (Ø) is created out of thin air. The U.S. Congress claims that it needs Ø100 billion for some pork-barrel project sponsored by a few high-ranking U.S. Congressmen/Congresswomen, or U.S. Senators, who must appease the lobbyists who contributed campaign funds and, incidentally, wrote the legislation. Ahem.

After the legislation passes and is signed by the U.S. President, the U.S. Congress authorizes the U.S. Department of the Treasury to print bills or bonds as a “loan (Ø)” to the government. This is called “monetizing the debt”. In summary:

  1. Funding starts in the U.S. Congress by borrowing bonds and issuing Treasury notes that other countries and large institutional investors must purchase.
  2. If the U.S. Congress cannot borrow enough Treasury notes from investors, an officer goes to the Federal Reserve Bank (FRB), who then pulls out a checkbook, writes a blank “check (Ø)” from the FED’s checkbook for Ø100 billion from an account with “not one dollar” in  it.
  3. The government’s central bank account deposits Ø100 billion which accrues interest immediately to the Federal Reserve Bank (FRB) on “not one dollar” loaned. Then the government taxes the people via an income tax to pay the interest on the “loan (Ø)” directly to the Federal Reserve Bank (FRB). That is where your “income tax” money goes.
  4. The government deposits the “check (Ø)” into their bank account and writes “checks (Ø)” to pay government workers.
  5. For example, government writes a “check (Ø)” to a postal worker who deposits Ø1,000 into their checking account in a neighborhood, commercial bank. 
  6. The commercial bank puts the Ø1,000 into the bank’s reserve account and loans out Ø9,000 to its customers. This is “fractional reserve banking”.
  7. For example, the postal worker’s commercial bank has created the Ø9,000 from thin air from the deposit of Ø1,000.
  8. This goes on and on exponentially expanding the federal/national debt, thereby, fueling (fooling) the economy with “money (Ø)created out of thin air.

Additionally, the U.S. Treasury prints Ø100 billion worth of Federal Reserve Notes (FRNs) at the cost of Ø0.02, or a few pennies more today, for each bill regardless of denomination. The U.S. Treasury walks down the hall to the Federal Reserve Bank (FRB) and offers to sell them for Ø0.02 each, regardless of denomination. 

The Federal Reserve Bank (FRB) then walks down the hall, writes a “check Ø” from an empty account for Ø100 billion, and “loans (Ø)” the “money Ø” back to the federal U.S. government at face value of the FRN plus interest. 

The U.S. government then spends the Ø100 billion in circulation. Federal Reserve Notes (FRNs) and “money Ø” are created when the “loan Ø” is made, interest collected and collateral is posted. The interest is on nothing given, nothing borrowed, nothing printed except “money Ø” from thin air.

For every FRN or “dollar Ø” in circulation, the federal/national debt with interest grows exponentially. We the People have collectively incurred this federal/national debt with interest at the prime rate of interest set by the FED. 

Many believe that We the People are obligated to pay this un-payable “debt Ø”. However, that is only because we have been uninformed and asleep at the wheel of the world’s largest economy and have forgotten who we really are. 

We the People are not obligated to pay an un-payable “debt Ø” that we did not authorize or incur knowingly and willingly in accordance with the the U.S. Constitution.

Remember, We the People are the “Sovereign Power” in the united states of America, not the private international banks, not the federal U.S. government corporation, except where we have delegated limited lawful authority via the U.S. Constitution with the Bill of Rights.

“A banker is a man who will loan you money
if you can prove you don’t need it.” ~ Mark Twain

Eighteen Investment Recommendations

  • Establish solar, battery-based radio communications and other alternative, self-sufficient energy systems before a collapse of consumer buying power and the food supply system.
  • Decide to get out of personal “debt Ø”. Strive for your economic sovereignty and financial independence, despite the system. 
  • Decide to reorganize every aspect of your life, including your business, job or occupation to achieve this goal. Know in your heart and soul that you are the master over your life. You are not an economic slave or subject to any government or their principals-creditors. 
  • Decide to learn the freedom tools necessary to shift or maintain to where you would like to be in your life, family and business.  
  • Decide to stop sending your hard-earned “money Ø” to any government that wastes your energy, or your productivity, while using your taxes for destructive purposes.
  • Engage in a free-enterprise business that is enjoyable and matches your skills, talents and aspirations. Discover how you can make a “right livelihood” (a Buddhist ideas) doing what you love, then serve others to build a better world. 
  • Generate wealth and prosperity from hard work and productivity. Invest profits directly to generate more wealth. Take a portion of your surplus funds and contribute in a socially responsible, wise, prudent way to support your community.
  • Establish legal domestic, non-domestic and foreign entities with appropriate onshore and offshore banking for both your business and family. 
  • Position 7%, or the current legal limit, of your assets safely and legally offshore in foreign entities, either Trusts, IBCs or S.A.s. Open up foreign bank accounts with debit cards, not credit cards. Do not authorize withholding 30% on foreign investments in domestic banks.
  • Invest 5%, or the current legal limit, of your “fiat currency Ø” in other national currencies for currency trading purposes. 
  • Invest 20% in precious metals, for example, gold or silver, take physical possession, and secure them privately.
  • If you have an IRA, liquidated it now, and either self-direct the funds, or pay the tax penalties if necessary. 
  • File and pay any lawful and legal taxes each year to the appropriate jurisdictions.
  • Rescind “adhesion contracts” that have kept you in contractual bondage with the government. For sovereign “state” Citizens, update land patents and reclaim “allodial” titles. Transfer titles into non-domestic or foreign entities whenever possible. 
  • Minimize or refrain from using credit cards at high interest. Stop borrowing and purchasing items you do not have the “money Ø” to pay for. Live within your means.
  • Cash out of the volatile stock market. Then convert any stocks, bonds, mutual funds into tangible assets of real value. 
  • Establish self-reliance on land paid for in full and protected from foreclosures or other sudden downturns in the economy. 
  • Provide and stockpile basic needs for your family, friends and community, including water, medicines, seeds and food storage for two years of austerity measures. Grow edible, vertical gardens in any available space indoors.

References:

  1. Wikipedia | Gramm-Rudman-Hollings Balanced Budget, and Emergency Deficit Control Act of 1985); Public Law 99-177.
  2. Wikipedia | The World Almanac and Book of Facts, Phanos Books (1992) p. 139.
  3. Bill Otten Blogspot | Peter T. White in National Geographic, Jan. 1993, The Power of Money (issues relating to the banking industry and the fraud therein).
  4. Wikiquote | Ralph M. Hawtrey, Secretary of the British Treasury.
  5. Putting it Simply published by Boston Federal Reserve Bank (out of print).
  6. Sourced from a letter from Senator Mark O. Hatfield. Quote from Donald J. Winn, Assistant to Board of Governors, Federal Reserve System.
  7. Wikipedia | Creature from Jekyll Island by Edward G. Griffin (American Media, 1998) Amazon,
  8. Wikiquote | Quote by Mark Twain.  
  9. The Securities and Exchange Commission (SEC) has no interest in policing the investments of money fund operators. Mutual fund companies have misrepresented their funds by investing in long-term debt instead of staying in short-term cash instruments, many have resulted in non-liquid portfolios and large losses. Avoid highly speculative investments or casino-style gambling.
  10. Criminal Politics, June 1994 and American News Service, Winter ’95, p.4.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.39 – 45

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Sovereign’s Handbook by Johnny Liberty 
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(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!

$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!

$25.00 ~ PRINT BOOK
$10.00 ~ EBOOK