The Bankruptcy of The United States 1993
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

Speaker: Representative James Traficant, Jr. (Ohio) addressing the House:

"Mr. Speaker, we are here now in Chapter 11. Members of Congress are official trustees presiding over the greatest reorganization in world history, the U.S. Government.

We are setting forth hopefully, a blueprint for our future.

There are some who say it is a coroner's report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. HJR 192, 73rd Congress in session June 5, 1933 - Joint Resolution to Suspend the Gold Standard and Abrogate the Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments, and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank, and the International Monetary Fund.

All United States Offices, Officials, and Departments are now operating within a de facto status in name only under the Emergency War Powers.

With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy hav adopted a new form of government FOR the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America.

This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R.13955 reads in part:

'The U.S. Secretary of Treasury receives no compensation for representing the United States.'

Gold and silver were such a powerful money during the founding of the united states of America that the founding fathers declared that only gold or silver coins can be 'money' in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute.

People traded their coupons as money, or 'currency.' Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises and are not 'money.'

A Federal Reserve Note is a debt obligation of the federal United States Government, not 'money.' The federal United States Government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money - gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any 'money.'

Most Americans have not been paid any 'money' for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now do you understand why you are 'bankrupt,' along with the rest of the country?

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). Whenever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-bills) - a promise to pay the debt to the Federal Reserve Bank.

There is a fundamental difference between 'paying' and 'discharging' a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common Law is valid unless it involves an exchange of 'good and valuable consideration."

Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity, or justice because they have so much wealth already.

Their lust is for power and control.

Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and Bill of Rights. In fact, the international bankers used a 'Canon Law Trust' as their model, adding stock and naming it a 'Joint Stock Trust' in 1873. The Federal Reserve Act was legislated post facto (to 1870), although post-facto laws are strictly forbidden by the Constitution (Article I, Section 9, Paragraph 3).

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums, are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in Gold. There was no stipulation in the Federal Reserve Act for ever paying the principal.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) 'hypothecated' all property within the federal United States to the Board of Governors of the Federal Reserve, in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a 'beneficiary' of the trust via his/her birth certificate.

In 1933, the federal United States hypothecated all of the present and future properties, assets, and labor of their 'subjects,' the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit 'money substitute' it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan.

Since the federal United States didn't have any assets, they assigned the private property of their 'economic slaves,' the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national park forests, birth certificates, and non-profit organizations as collateral against the federal debt.

All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a Sovereign, and the common people had no rights to hold allodial title to property.

Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank.

We the People have exchanged one master for another.

This has been going on for over eighty years without the 'informed knowledge' of the American people, without a voice protesting loud enough.

Now it is easy to grasp why America is fundamentally bankrupt.

Why don't more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid?

Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life.

Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit, and its reputation for courage, vision, and human rights.

This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order.

Wake up, America! Take back your country."

James Traficant Jr. is now serving a Federal prison sentence for what
people believe is a 'trumped-up' charge. He may never see the light of day.

Essentially, our property and possessions have been used as collateral to pay the US debt. We are as good as serfs.....
from What Really

Do you remember 6 months ago?

Treasury's Paulson- subprime woes likely contained
Fri Apr 20, 2007 5:59pm BST

NEW YORK, April 20 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday the housing market correction appears to be at or near its bottom and that troubles in the subprime mortgage market will not likely spread throughout the economy.

"We've clearly had a big correction in the housing market. Retail housing was growing for some time at a level that was not sustainable," Paulson said in a speech to The Committee of 100, a business group in New York promoting better Chinese relations.

"I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained," he added.
Trillions of dollars are missing from the US government.

What's going on? Where is the money? How could this happen? Where are the checks and balances? How much more has gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? Who is responsible for this? Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this?
Webmaster's Commentary:

Remember the biggest new story of September 10th, 2001? Don Rumsfeld admitting that the Pentagon had lost $2.3 trillion (with a 't') of your tax dollars. That should have been the story of the decade, but lucky for ol' Don, just 24 hours later 9-11 wiped that story off of the front page, just as Flight 77 wiped out the very offices inside the Pentagon that were trying to find out just where all that cash had gone to! read
from Global
Bush Extends 9/11 National Emergency Yet Again

by Peter Dale Scott

Though few Americans realize it, Cheney and Rumsfeld worked through the 1980s and 1990s on emergency nuclear-response plans which allegedly suspended the American constitution and also Congress.[1] (Through these decades Rumsfeld was CEO of a major pharmaceutical firm, and in the later 1990s Cheney was CEO of Halliburton; but their private status did not deter them from continuing to exercise a supra-constitutional planning power conferred on them by Ronald Reagan.)

Even fewer Americans know that these rules, originally dealing with a nuclear attack on America, were extended by Reagan Executive Order 12656 to cover “any occurrence, including natural disaster, military attack, technological emergency, or other emergency, that seriously degrades or seriously threatens the national security of the United States.”[2] And few Americans realize that at least some of these rules, known technically as Continuity of Government or COG rules, were invoked before 10:00 AM on September 11, 2001.[3]

As he did in 2007, President Bush has again, on August 28, 2008, continued for another year the national emergency first officially proclaimed on September 14, 2001, along with “the powers and authorities adopted to deal with that emergency:”

Notice: Continuation of the National Emergency with Respect to Certain Terrorist Attacks

Consistent with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency I declared on September 14, 2001, in Proclamation 7463, with respect to the terrorist attacks at the World Trade Center, New York, New York, the Pentagon, and aboard United Airlines flight 93, and the continuing and immediate threat of further attacks on the United States.

Because the terrorist threat continues, the national emergency declared on September 14, 2001, and the powers and authorities adopted to deal with that emergency, must continue in effect beyond September 14, 2008. Therefore, I am continuing in effect for an additional year the national emergency I declared on September 14, 2001, with respect to the terrorist threat.

This notice shall be published in the Federal Register and transmitted to the Congress.



August 28, 2008.[4]

Once again appropriate personnel in Congress should learn and review what those “powers and authorities” are, since almost certainly they include COG (Continuity of Government) rules. In 2007 National Security Presidential Directive 51 (NSPD 51), issued by the White House, also extended for one year the emergency proclaimed in 2001; and it empowered the President to personally ensure "continuity of government."[5]

NSPD 51 also contained "classified Continuity Annexes" to "be protected from unauthorized disclosure." Congressman DeFazio twice requested to see these Annexes, the second time in a letter cosigned by House Homeland Security Committee Chairman Bennie Thompson and Oversight Subcommittee Chairman Christopher Carney. The White House denied these requests, claiming that the congressmen lacked the requisite clearances. But as I wrote earlier this year,

"Congress has a right to be concerned about Continuity of Government (COG) plans refined by Dick Cheney and Donald Rumsfeld over the past quarter century….The story, ignored by the mainstream press, involved more than the usual tussle between the legislative and executive branches of the U.S. Government. What was at stake was a contest between Congress's constitutional powers of oversight, and a set of policy plans that could be used to suspend or modify the constitution."[6]

Oliver North, who worked on COG planning with Rumsfeld and Cheney in the 1980s, was asked in the Iran-Contra Hearings about his work on an emergency plan “that would suspend the American constitution.” Democratic Senator Inouye, who was presiding, pounded his gavel and interjected that this was a “highly sensitive and classified matter,” not to be dealt with in an open hearing.[7] Congress has never discussed COG plans publicly since that time.

According to Wikipedia, “The National Emergencies Act (50 U.S.C. 1601-1651) is a United States federal law passed in 1976 to stop open-ended states of national emergency and formalize Congressional checks and balances on Presidential emergency powers. The act sets a limit of two years on states of national emergency. It also imposes certain "procedural formalities" on the President when invoking such powers, and provides a means for Congress to countermand a Presidential declaration of emergency and associated use of emergency powers (emphasis added).

Bush’s denial of the Homeland Security’s right to review the COG plans in the classified Appendices of NSPD-51 should have been seen as a constitutional crisis -- a line in the sand for Congress to assert its constitutional rights and duties. Now, one year later, I understand (although I cannot corroborate it from the Internet) that Congressman Kucinich has introduced or will introduce a bill for Congress, under the terms of the National Emergencies Act, to countermand the presidentially proclaimed national emergency. This is an important move, but it should not obviate the need for Congress to review rules which allegedly restrict its own powers under the constitution.

Between now and November the American electorate have an opportunity to present this demand to everyone running for office: that they will insist on vigorous congressional action to expose and dispose of these secret COG rules -- rules that allegedly suspend the American constitution.
from Democracy Underground
Cheney colleague admits bribery in Halliburton oil deals
A former colleague of the US Vice-President, Dick Cheney, has pleaded guilty to funnelling millions of dollars in bribes to win lucrative contracts in Nigeria for Halliburton, during the period in the Nineties when Mr Cheney ran the giant oil and gas services company.

Albert Stanley, who was appointed by Mr Cheney as chief executive of Halliburton's subsidiary KBR, admitted using a north London lawyer to channel payments to Nigerian officials as part of a bribery scheme that landed some $6bn of work in the country over a decade.

The guilty plea, announced yesterday, came after a four-year investigation by US attorneys and threatens to stir up old controversies just as eyes are trained on the Republican party convention. Mr Cheney, who pulled out of an address to the convention because of Hurricane Gustav earlier this week, led Halliburton from 1995 until returning to government in 2000. He had previously been Defence Secretary under the first President George Bush, and the links with Halliburton have been a constant thorn in the side of the current administration as the company has gone on to win billions of dollars of contracts in Iraq and other US military spheres.

The corruption scandal which exploded back into life yesterday centres on more than $180m channelled into Nigeria via intermediaries between 1994 – before Mr Stanley's employer was acquired by Halliburton – and 2004. Prosecutors allege that the payments were vital to a KBR-led consortium securing a succession of construction projects related to a liquefied natural gas plant at Bonny Island, on the Atlantic coast of Nigeria. read