Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality, Home Schooling, Home Mortgages and more, in:
Rumor Mill News Reading Room Archive
Readers: WHY AMERICA IS FUNDAMENTALLY BANKRUPT, THE FED
This first one is a must read. Although discussed often here - this response of a reader describes the legal background around your debt-situation, as well as the implications on each citizen in America and how the FED did come in. Similar to what we have been stating in this comprehensive thread all along...
America was sold out along time ago
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;
Structure of the Birth Certificate
Did the State Pledge Your Body to a Bank? By: David Deschesne
Advanced Civics Research Library
Right: Some birth and marriage certificates are now "warehouse receipts,"
printed on banknote paper, which may mark you and yours as 'chattel' property
of the banks that our government borrows from every day.
A certificate is a "paper establishing an ownership claim." - Barron's
Dictionary of Banking Terms. Registration of births began in 1915, by the
Bureau of Census, with all states adopting the practice by 1933.
Birth and marriage certificates are a form of securities called "warehouse
receipts." The items included on a warehouse receipt, as descried at §7-202
of the Uniform Commercial Code, the law which governs commercial paper and
transactions, which parallel a birth or marriage certificate are:
-the location of the warehouse where the goods are stored...(residence)
-the date of issue of the receipt.....("Date issued";)
-the consecutive number of the receipt...(found on back or front of the certificate, usually in red numbers)
-a description of the goods or of the packages containing them...(name, sex, date of birth, etc.)
-the signature of the warehouseman, which may be made by his authorized agent...(municipal clerk or state registrar's signature)
Birth/marriage certificates now appear to at least qualify as "warehouse
receipts" under the Uniform Commercial Code. Black's Law Dictionary, 7th ed.
defines:
warehouse receipt. "...A warehouse receipt, which is considered a document of title, may be a negotiable instrument and is often used for financing with inventory as security."
Since the U.S. went bankrupt in 1933, all new money has to be borrowed into
existence. All states started issuing serial-numbered, certificated "warehouse
receipts" for births and marriages in order to pledge us as collateral against
those loans and municipal bonds taken out with the Federal Reserve's banks. The
"Full faith and Credit" of the American people is said to be that which back
the nation's debt. That simply means the American people's ability to labor and
pay back that debt. In order to catalog its laborers, the government needed an
efficient, methodical system of tracking its property to that end. Humans today
are looked upon merely as resources - "human resources," that is.
Governmental assignment of a dollar value to the heads of citizens began on
July 14, 1862 when President Lincoln offered 6 percent interest bearing-bonds
to states who freed their slaves on a "per head" basis. This practice of
valuating humans (cattle?) continues today with our current system of
debt-based currency reliant upon a steady stream of fresh new chattels to back it.
Thursday, 18-Aug-2005 11:24:59 CDT
...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). when ever 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 & 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 the 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." The U.S. Congress had passed a law making it
illegal for any legal "person" to duplicate 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. [1:9:3]
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 principle.
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 parks forests, birth certificates, and nonprofit
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's
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."
...
SL
Thank you for this overview and - moreover WAKE-UP CALL which sums up the very situation we have been ventilating here on RMN many, many times before...
If the "gold standard" is re-established—and as I have hazarded there is a concealed corner in the gold "market", created by seven or eight years (1994-2002) of gold manipulations that produced an unprecedented paradox, lower interest rates combined with lower gold prices, then it's game ,set, match for the monetarists. (Cf. Gibson's Paradox)
Monetarism is not political economy, but its very perversion, and subversion, but when the university "economics" departments are owned lock stock and barrel by the former, one does not quarrel with those who sign the paychecks. Be careful what you wish for...
Best...
Hadashi
The next comes from Canada:
Dear FarSight3:
Back on May 24, The Duke of Edinburgh toured Fort McMurray, Tar
Sand in Alberta. The Queen and Duke were in Alberta for our
100th Birthday in joining Confederation. They showed the Duke
with a yellow hard hat on waving for the photo ops. The Queen
was addressing our Legislature. That is unusual in itself. I
thought at that time, seeing the Duke with his yellow hard hat
on that this is very odd. It kind of struck me as, "this is Crown Property and
this is mine." Also when they were here they renamed not one but two Highways
for the Queen. Alberta is not
cozy with Ottawa at all. We know what side to butter our bread
on. Most Albertan's are aware that it has been US Oil Company's
that have made this Province a success. Esso was the last big
Oil Company to make their Head Offices here(in Calgary)and that
was done the end of June, this year. I don't think China is pulling as many
strings like everyone thinks. If North American
doesn't buy their cheap products - who will? I also find it odd, that our
Premier Ralph Klein can get an appointment with Cheney almost any time he
wants? Conversations up here are getting somewhat interesting. A few of us
are wondering what is
going on with our Premier, as he appears to be selling us out - just some of
the things he is doing and not saying. That's not Ralph - Ralph usually blurts
things out and that is why he has been very popular in Alberta. Not lately
though. Lately he has done a few things to make some Albertan's think - "Why
is he handing the Liberal Party this kind of ammunition." Lots of people up
here PO'd with him right now, especially in Calgary.
See the FinancialEdEconomica article...
...(08/23) How China Delays a Plunge in U.S. Treasuries
..... Meltdown Delayed
Foreign investors haven't been deterred by these concerns. Last week, a group of investors, led by Royal Bank of Scotland Group Plc and Merrill Lynch & Co., agreed to pay $3.1 billion for 10 percent of Bank of China, the second-largest lender in the world's most-populous nation. Investors are rolling the dice that China's financial system isn't as rickety as many observers fear. The upshot is that China may be delaying the meltdown in the U.S. dollar anticipated by investors such as billionaires George Soros and Warren Buffett. China is doing this by, (a) resisting pressure to let the yuan soar, and (b) inspiring little urgency in Asia to reduce the region's massive Treasury holdings....
Another one on Canada....
Hi FarSight3,
I wanted to add some more imfornation to your article about China coming in
through our great Canadaian "If you have the bucks you enter" door. While I
was in Alberta in May and June the big story was the Chinese buying a huge
portion of the Fort McMurry tarsands in Northern Alberta. This is a huge oil
project and brings in lots of bucks. That makes at least two huge oil
companies in Alberta. All is very interesting! All happening while the gentle
complacent Canadians sleep in snuggness that they are different from the their
Southern neighbours.
If any one has any doubt that the Chinese are slowly moving, just check out
Vancouver.
WQ
Thank you all for your contributions.
Far Sight 3
Serving Freedom
and Liberty Worldwide since 1996
Politically Incorrect News
Stranger than Fiction
Usually True!
Serving Freedom
and Liberty
